MSI’s proprietary tanker market model predicts firm earnings scenario in first half of next year before weight of fleet growth starts to suppress ratesLondon, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies…
A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority…
Indian Prime Minister Narendra Modi presided over a combined commanders' conference on Tuesday (December 16) morning aboard INS Vikramaditya, stationed about 40 nautical miles on the high seas. INS Vikramaditya is a modified Kiev-class…
The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore…
According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry. As per a Lucintel study, the global marine…
Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility study for the development of an oil residues processing plant in the Romanian Port of Constanta…
A new consultancy established by well known industry veteran and leading marine energy expert Adrian Tolson, was launched Tuesday. A new consultancy, 20|20 Marine Energy, was launched to help companies create and implement strategies for purchasing and selling marine energy…
China’s Foreign Ministry has confirmed that China and South Korea will hold their first round of talks on maritime delimitation over the Yellow Sea in the South Korean capital of Seoul on December 22. The talks, led by South Korean Second…
Transas supplies the first simulation complex for inland navigation training in the Republic of Paraguay The Transas navigational simulator Navi-Trainer Professional 5000 was installed at the Center for Maritime and River Shipowners (CAFyM)…
CAD/CAM software maker SSI said it is developing solutions for Computer Aided Robotics Welding (CAR-W) consistent with its recent innovations in the area of 3D weld management. This research project is under the aegis of the U.S. Navy's National Shipbuilding Research Program (NSRP)…
Independent engineering services company Houlder has announced a new addition to its senior management team. Aaron McDougall, formerly Marine and Engineering Manager at KCA Deutag, has joined as Engineering Director. He will be heading up Houlder’s newly formed advanced analysis group…
Exxon Mobil Corp's appointment of the head of its refining business as its new president makes him the probable successor to Chief Executive Rex Tillerson and was designed to avoid raising eyebrows on Wall Street, analysts said on Monday.The new president…
DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert. The agreement was signed by DP World Canada Group General Manager, Maksim Mihic, and Prince Rupert Port Authority President & CEO…
Danos announces the hiring of Marc Distefano, John Danos and Jack Roszelle to leadership positions with the company. “We welcome Marc, John and Jack to the Danos team,” said CEO and President Hank Danos. “Their expertise and experience…
On the way in a new digital era: Dassault Systèmes, the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, and Meyer Werft, one of the world’s leading cruise ship builders…
