The chief executive of Frontline, one of the world's largest independent tanker firms, said it is likely to take another two or three months until insurance for cargoes carrying oil from Iran is secured, according to a report in Tasnim. 'We have not lifted anything yet…
Gassco has commissioned Knutsen OAS Shipping and Larvik Shipping to study transport of CO2 by ship in connection with the Norwegian government’s full-scale project for managing this greenhouse gas. In cooperation with Gassnova, Gassco has earlier studied CO2 handling chains…
Overseas Shipholding Group, a provider of oceangoing energy transportation services, reported results for the fourth quarter and full year 2015. The company reported net income of $9.3 million in its fourth quarter. The crude oil and petroleum transportation company posted revenue of $243…
Global Consolidators Working Group(GCWG) has urged the International Maritime Organization (IMO), an arm of the United Nations that regulates shipping safety, to provide more detail about the much-debated container verification rules, set to be introduced by July 1…
The Athens, Greece-based global shipping company specializing in the ownership of containerships Diana Containerships Inc. has reported a loss of $8.8 million in its fourth quarter of 2015, compared to net income of $0.9 million for the respective period of 2014…
Singapore’s offshore chartering group Otto Marine has bagged a OSV chartering contract worth up to $68.5m from an international oil and gas E&P firm. The charter, inked by Otto Marine’s wholly-owned Go Offshore, is for a 100-tonnes bollard…
The Manufacturing Institute to honor Volvo Penta’s Marcia Kull with STEP Ahead Award on April 21; award honors top women leaders in the manufacturing industry Marcia Kull, vice president of marine sales for Volvo Penta of the Americas,…
Huntington Ingalls Industries (HII) announced that Michael S. Smith has been named the company’s corporate vice president, strategy and development, succeeding Christopher D. Kastner, who is replacing Barbara A. Niland as corporate vice president and CFO upon her retirement…
The International Chamber of Shipping (ICS) has published a new edition of the ICS Bridge Procedures Guide, shipping industry guidance on best practice for safe navigation, which is used by seafarers and training institutes worldwide. The…
The firm welcomes Stephen H. Vengrow and Eric Chang in New York Montgomery McCracken has added two attorneys to the Maritime and Transportation practice group in the firm's New York office. Stephen H. Vengrow joins the firm as a partner and Eric Chang joins as an associate…
Elcome International, the leading marine solutions provider and system integrator in the Middle East and one of the largest marine technology companies in the world, will showcase a full array of the latest technologies at the Dubai International Boat Show next week…
The positive trend of increasing freight volumes has continued and during 2015 six percent more freight was transported via the Port of Kapellskär than in 2014.Freight volumes at the Port of Kapellskär increased by six percent in 2015 compared to the figures for the previous year…
The 2015 NYK Report has been honored with an award for excellence in the environmental reporting category at the 19th Environmental Communication Awards, which are jointly sponsored by Japan’s Ministry of the Environment and the Global Environmental Forum…
Science minister Jo Johnson will today announce two major investments in science and engineering research totaling £204 million. Forty UK universities will share in £167 million that will support doctoral training over a two year period…
China's first self-propelled floating dock Huachuan I began its inaugural sailing recently, which opens a new era, the official People's Liberation Army Daily said. With it, large ships can be repaired at sea instead of only on the shore…
