CMA CGM, a leading worldwide shipping Group, pays tribute to Zaha Hadid, who sadly died on March 31st. Zaha Hadid a renowned architect and 2004 Pritzker Prize Winner, completed the CMA CGM Tower in Marseilles as one of her major projects. In 2004…
Singapore-based Otto Marine Limited has signed a Memorandum of Agreement to sell a Work Maintenance Vessel known as SOC ENDEAVOUR to an unspecified party through its wholly owned subsidiary, Koi Marine Limited. The sale of the vessel…
Wood Group has secured a two-year contract extension with TAQA in the North Sea. Wood Group PSN, will continue to provide engineering, construction and maintenance services to five offshore assets - Cormorant Alpha, North Cormorant, Eider…
Chevron Corporation today announced that Randolph S. Richards has been named corporate vice president and treasurer, effective May 1, 2016. Richards replaces Paul V. Bennett, who is retiring from the position after 36 years of service with the company…
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc's civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states…
Marine insurance may have the distinction of being the oldest line of insurance in existence, but it’s not letting its venerable age hinder its growth or flexibility. Given the new, emerging and increasingly complex risks faced by the maritime industry…
Industry recognizes the need to invest in its people like never before. But are the skills and headcount there? It’s hard to look forward to 2016 without reflecting back on 2015. What an ‘interesting’ year it was. As maritime recruiters…
Two companies headquartered in Greece, EPE (Environmental Protection Engineering) S.A. and ERMA FIRST S.A., have become of Foundation, as of April 2016. The handover ceremony took place on March 31, in Piraeus, in the head offices of EPE…
The U.S Coast Guard is seeking applications for membership to fill upcoming vacancies on the National Boating Safety Advisory Council (NBSAC), which advises the Coast Guard on recreational boating safety regulations and other major boating safety matters…
The wording of instructions can potentially widen the scope of liability for marine service providers, warned International Transport Intermediaries Club (ITIC), citing the recent case of a marine surveyor sued for €1.56 million for alleged poor onboard stowage of a cargo…
A group of 26 institutional investors has issued a summons against bankrupt Danish ship fuel supplier OW Bunker in the latest stage of a legal campaign for allegedly misleading them in its 2014 initial public offer (IPO). The investors had said last year they would sue Bunker…
Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving efficiency improvements, according to a new independent study. Since 2013 newly-built ships subject to the International Maritime Organization’s…
Two global maritime security risk management providers Port2Port Maritime Security and Neptune Maritime Security announced they have agreed to merge. The combined group will provide significant scale and service advantages to the shipping and offshore industries…
Dry bulk sector revisits 1980s lows and faces uncertain longer term outlook; with the market near bottom, attention is turning toward the length of the downturn, the effect on asset values and the impact of broader demand side changes. In terms of annual average fleet employment rates…
The Shipbuilders Council of America (SCA) has announced a new partnership with the National Shipbuilding Research Program and the Occupational Safety and Health Administration (OSHA), a part of the Department of Labor (DOL), focused on continuing employee safety practices in U…
