Russia and China naval forces concluded their first-ever joint military exercise in the Mediterranean Sea this morning, according to an online news briefing from the Chinese Defense Ministry. The naval drill code-named “Joint Sea 2015”…
Maersk Line on May 21 announced that Mike Fang become the company's new chief of east - and central China. He joins with effect from 1 July 2015. Fang has been head of Maersk Line North China since 2012. He replaces David Williams, who will become the new CEO of Safmarine…
HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a 'bad bank' for non-performing shipping loans as part of a plan to create a sustainable business model, reports Reuters. The city of Hamburg was willing…
Navios Maritime Holdings, vertically integrated seaborne shipping and Logistics Company, slumped to a loss in the Q1 although the result beat by $0.10 per share the average estimate of analysts who had forecast red ink for the dry bulk company…
The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from EUR 6.4 billion in 2013 to EUR 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013. “Overall we see a nuanced picture, with ups and downs…
Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records 67.6%, up by 4.1 percentage improvement on the previous month in the aggregate reliability of ships on the main Asia-Europe, transpacific and transatlantic trades…
European ports are real “multitaskers”: they combine different functions ranging from gateway to the world, nodes in the transport chain, hotspots for Europe’s industrial activity, safe and secure shelters, the link between Europe’s peripheral regions and islands to the mainland…
After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,000t), managed by NIOVIS SHIPPING COMPANY, which was built at Mitsui Engineering & Shipbuilding Co…
Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer. Johnny Conrad, President and Chief Executive Officer, said, “Scott has been in the shipyard business since 1976…
Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition. Now entering its fourth year, SHIPPINGInsight is an annual maritime technology forum in North America that brings together shipping companies…
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the launch of the United States Merchant Marine Flag Program, which will provide U.S. Merchant Marine Flags for display nationwide, honoring the historic and continuing contributions of U…
Lloyd’s Register establishes the Applied Technology Group, centered around the activities of Martec Limited The Applied Technology Group (ATG) describes is a team established with the goal of providing expanding technology leadership capabilities…
SSI informs it will showcase the latest versions of its CAD/CAM software, ShipConstructor and EnterprisePlatform, at Nor-Shipping 2015, June 2-5.SSI CEO Darren Larkins will be in attendance along with SSI representatives Nick Danese of NDAR and Pedro Antunes of Vera Navis.
Advanced apprenticeships for engineers will soon be available through Robert Gordon University (RGU), Aberdeen thanks to a five-figure funding boost from Skills Development Scotland.The university has secured $62,670 to develop a new Advanced…
WAGO has announced the appointment of Jim Ratcliffe to the position of Regional Sales Manager for Colorado, Wyoming and Montana. Ratcliffe, who previously held positions with General Electric and Schneider Electric, brings a strong engineering and sales background to his new role with WAGO…
