Naftomar Shipping And Trading Co. Ltd. Inc., which is engaged in shipping and trading liquid petroleum gas, contracted China’s Jiangnan Shipyard to build two Very Large Gas Carriers (VLGC), say local media reports. The Voula, Greece-based company has ordered one 84…
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21…
e!COCKPIT: driving rapid development of automation projects WAGO’s new software development environment e!COCKPIT supports automation tasks, from hardware configuration, programming, networking and simulation to visualization – in one easy-to-use…
U.S. Coast Guard air crews medevac Ukrainian from bulk carrier 130 miles east of Cape Cod, Mass. A Ukrainian sailor in distress was medically evacuated by U.S. Coast Guard Crews Monday, 130 miles east of Cape Cod, Mass. Watchstanders…
The Renewables Consulting Group (RCG) announced the addition of Dan Pearson as a Director and head of the firm’s private equity and financial services practice. In his new role, Pearson will advise developers, technology companies, private equity…
Royal Dutch Shell plc announced the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1, 2016. Integrated Gas in Shell has grown into a business that generated $11 billion of cash flow per year average over the last three years…
A ship management company has pleaded guilty and was sentenced October 27, 2015 for deliberately concealing pollution discharges from the ship directly into the sea and for falsifying its oil record book, announced U.S. Attorney Kenneth Magidson along with Rear Admiral David R…
Inchcape Shipping Services (ISS), the marine, cargo and supply chain solutions provider, said it is continuing its expansion program in the Black Sea region with the opening of a new office in Ukraine.Situated in Odessa, this new base is…
Following its core strategy of continuous Africa Lines service upgrade, CMA CGM is pleased to present its latest significant improvement on its NOURA EXPRESS service connecting East Africa with Europe. Starting end of November 2015 with m/v MARIE DELMAS…
MSC Mediterranean Shipping Company’s largest container ship ever built, the MSC Oscar, makes her maiden call at Port of Wilhelmshaven today. Since its inauguration in January at Daewoo’s Shipbuilding and Maritime Engineering (DSME) Shipyard in South Korea…
The new service specification DNVGL-SE-0163 Certification of tidal turbines and arrays is being published along with a new technical standard for DNVGL-ST-0164 Tidal turbines. Although the service specification is a new document it is…
Ardmore Shipping Corporation announced that GA Holdings LLC intends to offer for sale in an underwritten public offering 4,000,000 shares of the Company's common stock. The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 600…
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report…
COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015. Sevan Drilling and Cosco have agreed to exercise the first six-month option to extend the deferral agreement to April 15…
The shares of German container line Hapag-Lloyd will now be offered at between 20 and 22 euros ($22-$24.20) each, down from 23-29 euros previously, reports Reuters. Its initial public offering on the stock exchanges in Hamburg and Frankfurt set to commence on November 6…
