AccessESP, a provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has named John Algeroy as the Europe and Africa Region Manager. Based in Houston, he will be responsible for all marketing…
Huntington Ingalls Industries’ ( HII) Ingalls Shipbuilding division announced that Richard Schenk, vice president of program management, will retire on July 1 after 33 years of service. He will be succeeded by Kari Wilkinson, effective May 23…
The recommended International Labor Organization (ILO) Minimum Wage for Able Seafarers will remain at its current level of $ 614 basic pay per month until at least 2018.This follows an ILO Joint Maritime Commission (JMC) meeting held in Geneva last week…
Maersk starts its Krishnapatnam Service from April 17th and Kattupalli on April 19th, 2016. Both these calls are strategic and are aimed at supporting the growth of local businesses in the hinterland covering Andhra Pradesh, Northern Tamil Nadu and Eastern Karnataka…
New mobile-friendly, interactive format makes it easy to define and address Port State Control compliance concerns to reduce detentions.(Houston) ABS, a leading provider of classification and technical services to the global marine and offshore industries…
SAAM, multinational company that provides port, towage and logistics services in 15 countries in Latin America, held this morning a Shareholders’ Meeting, where it reported on the positive results of the 2015 exercise and the perspectives for 2016…
The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side. Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner, MSI's…
India’s major ports controlled by the union government recorded a 4.3% year-over-year increase in container throughput in fiscal year ended March 31, 2016, says a report in the Times of India. The irony is that while ports handled by the private sector witnessed a slowdown in shipments…
Greece has formally signed an agreement to sell a 67% stake in the Port of Piraeus to Chinese shipping company China Cosco Holding Co. Under the deal, COSCO, the fourth-largest container shipping firm and second-largest port operator in the world…
The world’s biggest maker of shipping containers China International Marine Containers Group Co. (CIMC) plans to raise 6 billion yuan ($928 million) selling shares to fund an expansion of a business park in Shenzhen and other assets, reports Bloomberg…
South China Sea warning looms over G7 summit. The United States is keen to raise the issue of South China Sea at a Group of Seven foreign ministers (G-7) meeting in Hiroshima. The US expects that this move would likely draw an angry response from the government in Beijing…
Veresen, the developer of the Jordan Cove LNG facility in Oregon, has announced a preliminary agreement on key commercial terms with Itochu, including the purchase of 1.5 million mt/year of LNG (190 MMcf/d or 70.1 Bcf of gas) for an initial term of 20 years…
Many nations are pushing for swift ratification of a Paris agreement to slow climate change and lock it in place for four years before a change in the White House next year that might bring a weakening of Washington's long-term commitment.More…
The U.S. Navy is leading a 30-nation maritime exercise across Middle Eastern waters which it says will help protect international trade routes against possible threats, including from Islamic State and al Qaeda.The exercise, which is partly being held in the Arabian Gulf…
Ten people were rescued from a 30-foot vessel that was taking on water southwest of Freeport, Bahamas, Saturday.Coast Guard 7th District watchstanders received a request for assistance from the Royal Bahamas Defense Force around 7:30 a.m…
