South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015. Due to writing down more charges from offshore projects which are under construction…
French carrier CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the company said it’s counting on cost cuts and the pending acquisition of Singapore’s NOL to overcome a “tough” start to 2016. CMA CGM's full-year sales were $15…
A merger between Hyundai Merchant Marine (HMM) and Hanjin Shipping remains a real possibility, says the London-based analyst firmDrewry, who has looked at how such a company will look like. The research paper published by Drewry Maritime…
Lenders to Eagle Bulk Shipping Inc gave it a few more days to negotiate a deal to boost its liquidity and avoid default. The supramax specialist Eagle Bulk has extended its forbearance and standstill agreement with its creditors by a further…
French-based CMA CGM, the world's third-largest container shipping firm, said on Monday it expects its volume growth to outperform the market again in 2016 after strong expansion last year helped it cushion a slide in freight rates. CMA CGM…
Seafarers International House will hold its 16th annual awards banquet from 6-10 p.m. on April 21 at the New York Athletic Club. The banquet will honor Marshall Ainley, president of Marine Engineers’ Beneficial Association (MEBA); Ian Blackley…
SAAM’s Ordinary Board Meeting appointed Macario Valdés Raczynski as new General Manager of the company, a position that he will take on as from March 16. Valdés holds a degree in commercial engineer from Pontificia Universidad Católica de Chile and an MBA from University of Berkeley…
Bernhard Schulte Shipmanagement (BSM) and the University of Nicosia have signed a cooperation agreement granting the University’s Maritime Academy full access to BSM’s state-of-the-art Maritime Training Center, located at the Limassol Marina…
Belgium became the latest country to ratify a key international measure for environmental protection, the Ballast Water Management (BWM) Convention, bringing the treaty within sight of meeting entry into force criteria. Aimed at preventing the…
As a part of its global restructure, Tranas has announced that Andrew Ward has joined the team as the Vice President of Sales, Asia Pacific. Ward succeeds Johan Gustavsson, who moves into the newly created role of a Vice President Global Customer Support…
Safebridge, a provider of web-based e-learning products for the maritime industry, providing online, onboard and classroom training for nautical officers and captains, hosted the Port State Control of Germany in January 2016 offering a customized…
ISP (International Safety Products), whose global portfolio of marine safety products and services covers commercial, leisure and military markets, have announced the appointment of James Tinkler as Head of Sales. Tinkler, who was formerly…
Delta 'T' Systems has named industry veteran Tony Matherly as its production manager, company president Lynn Oien announced. Matherly has worked within the marine industry for 25 years, most recently at Rybovich. Always in the systems end of ship and yacht building…
Current Executive Vice President Koichi Fujiwara has been appointed as Chairman and President as well as a Representative Director of classification society ClassNK, effective March 7, 2016. Current Executive Vice Presidents Yasushi Nakamura…
The California Air Resources Board has fined the China Navigation Co. Pte. Ltd. $129,500 for failure to switch its engines over from heavy diesel bunker fuel to cleaner, low-sulfur fuel when close to the California coast, as required by state law…
