All stocks under Drewry Maritime Equity Research (DMER)’s dry bulk coverage were down and recorded double-digit negative returns, taking cues from vessel earnings. The BDI shed its gain of the previous two months and nudged down 20% m/m in August led by a fall in the Capesize index…
For the 6th consecutive year, the Maritime and logistics awards (MALA) ceremony took place on 4th September at the Leela Hotels, Andheri east, Mumbai. The awards, which were started in 2009 by the Nikhil Modi’s Exim team, are the most prestigious awards for the shipping fraternity in India…
The Hybrid Marine Power & Propulsion Conference being held at the RNLI College in Poole, U.K., October 6-8, will bring together an international group of experts armed with the latest knowledge that will assist the sub IMO professional sector…
After more than 20 years leading oil spill response organization and environmental services firm NRC, Steven Candito has launched Foresea Consulting, an advisory firm for the maritime and environmental communities Observing a need that was not filled by existing specialists within the sector…
The Greater Boston Chamber of Commerce has named passenger vessels operator Boston Harbor Cruises (BHC) as the 2015 Small Business of the Year Awards top honoree. The Small Business of the Year Awards recognizes Greater Boston’s smaller for-profit companies…
Marine diesel engines specialist Royston announced that appointment of Shaun Whitley as its new workshop manager at the company’s Tyneside-based engineering center. At Royston, Whitley will have full responsibility for the operation and…
Press release - Rescue volunteers from across 13 European nations are to participate next week in the fourth, seven-day Lifeboat Crew Exchange Program organized by the International Maritime Rescue Federation (IMRF)They will share experiences…
Beach Energy Ltd announced today that Robert Cole resigned as Managing Director of the company. Mr Cole will remain with Beach until 14 October 2015 to allow for an orderly transition.As announced on 19 August 2015 Mr Cole has been on leave to attend to family matters in Perth…
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013. IUMI’s Ocean Hull Committee Chairman, Mark Edmondson…
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn, reports WSJ. The bankruptcy filing of the international shipping company came in New York…
ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays in promoting global safety and security. The IACS strategic plan has been designed…
Seaspan Corporation has lined-up a $1bn worth of export credit facilities with the Export-Import Bank of China (CEXIM). Seaspan has signed a Framework Cooperation Agreement with the Export-Import Bank of China (CEXIM) for a total of up to $1 billion in export credit facilities…
Sanmar Shipyard Tuzla has built M/T Svitzer Amstel (Boğaçay XII) will join Svitzer’s fleet at the Port of Amsterdam, The Netherlands. The vessel measures 24.4m x 11.25m with a 60 tonne bollard pull derived from a pair of 3512 C Caterpillar engines…
Even though the trend is negative, by about 10% in the last two weeks, the supramax average 6 TC routes still seems to be overpriced compared to what is being fixed on the spot market for short period and rounds, says Fearnley's weekly report…
China Merchants Holdings (International) Co. Ltd. along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million to buy a 64.5% stake in Fina Liman from Fina Holding. Fina Liman is an…
