The Phnom Penh Post reported that Cambodia was in negotiations to buy two 140-metre heavy warships armed with modern weapon systems from China, citing the commander of the Royal Cambodian Navy. According to a speech given by Royal Cambodian…
Texas ranks third among all states for domestic maritime jobs with Houston ranked second among all U.S. cities for its contribution to the U.S. maritime industry, according to a new study PricewaterhouseCoopers (PwC) for the Transportation Institute…
Caterpillar Inc. will combine two divisions dealing with power and energy, adding more detail to a restructuring announced last year, and plans to complete this by June 2016, the company said on Wednesday.Caterpillar announced a number of personnel and consolidations…
DP World signed two major contracts for civil construction work at its new Container Terminal 4 on a reclaimed island in Jebel Ali Port. His Excellency Sultan Ahmed Bin Sulayem, DP World Group Chairman and Chief Executive Officer; Zeyad Baker…
Royal Dutch Shell announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016. Concurrent with Marvin’s departure, and in a move that will simplify Shell’s structure…
ClearMetal, a predictive logistics company, closed a $3 million seed financing round from leading global investors— NEA, Skyview, and Schmidt’s Innovation Endeavors. ClearMetal will use the investment to bring predictive intelligence to container shipping…
Leif Kristian Weum has been appointed to the position of Managing Director of the Kongsberg Maritime Sales and Service office in Athens, Greece. Kongsberg Maritime Hellas SA is a key Sales & Customer Support office established to serve the significant number of Greek shipping companies…
U.S. Coast Guard Commandant Adm. Paul Zukunft delivered the 2016 State of the Coast Guard Address at U.S. Capitol Visitor Center Congressional Auditorium Tuesday.This was Adm. Zukunft’s second State of the Coast Guard Address and he welcomed the opportunity to recognize Service accomplishments…
-40 years of standardization paves way for cost efficient offshore pipeline systems -Growing global energy demand and requirements for additional pipeline capacity are driving the pipeline segment. However, pipeline related innovation is prioritized by only 4% of senior oil & gas professionals…
AkzoNobel has announced the issue of more than 126,000 carbon credits worth more than $500,000 – the first to be awarded under the company’s landmark scheme for the shipping industry – which was developed in conjunction with the Gold Standard Foundation and the Fremco Group…
JFD, the leading global subsea operations and engineering company, part of James Fisher and Sons plc, has today announced the launch of its new Compact Bailout Rebreathing Apparatus (COBRA) for commercial divers, as a direct response to the…
After two previous successful motorcycling and boating events in 2013 and 2015, organizers of the Boaterz N’ Bikerz of America Hull of a Tour are back this summer for “Pacific Coast Rush,” a nine-day escorted motorcycle ride from Seattle to San Francisco…
Neptune Orient Lines (NOL), the parent of containerline, APL, narrowed its fourth-quarter loss to US$75.45 million as the shipping company cut costs amid ongoing weakness in the industry. For the full year, NOL swung to a net profit of US$707…
CMA CGM acquisition target Neptune Orient Lines (NOL) has made all necessary anti-trust filings and expect that the approvals will come sometime in the middle of 2016. NOL group president and chief executive Ng Yat Chung said NOL, which…
CMA CGM Vice-Chairman Rodolphe Saadé confirmed talks between the French container shipping line and potential partners regarding the future of its alliances, says WSJ. Saadé told the Journal that “we are becoming a larger shipping line…
