Good connections between seaports and the hinterland are vital for optimizing the logistic chain. The Port of Rotterdam Authority and the Bayernhafen Gruppe are therefore working together in the ‘Bayrolo’ research program. The aim of this cross…
Tanker Shipping: Crude oil tankers out-perform their oil product peers in a market full of surprisesDemandSome time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market…
The State University of New York (SUNY) Maritime College has been named a Best Northeastern College by The Princeton Review for an eighth successive year, as announced by the publishers last week.Maritime College is one of 226 colleges and…
Dan-Bunkering (Middle East) DMCC announced that from August 1, 2014 Raj Kiran Wuddi is promoted to Manager Global Sales and Projects.“Raj has been with the Dan-Bunkering Group for the past six years. Initially, he was employed at the Company’s…
Dry Bulk Shipping: All eyes on Brazilian iron ore exports, as we await the long-anticipated lift in freight rates.DemandThe freight market, which performed so well in Q1, has certainly not delivered in the past four months. BDI has dropped from 1…
Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the substantial risk it creates to the…
Mitsui O.S.K.Lines,Ltd. (MOL) announced that it supported PH-Japan’s (Peoples’ HOPE Japan’s - PHJ) Myanmar healthcare program to provide free transportation of PH-Japan’s container filled with 2,000 units of digital thermometers and electronic…
Engineering giant Bechtel Corp reached a new workplace agreement on Friday with construction workers, averting strikes that could have delayed the start-up of three liquefied natural gas (LNG) plants it is building on Australia's east coast…
The tug's owner, 'Norman O', Rick Olson, worked with local Cummins dealer Mike Painer at South East Diesel & Electric in Ketchikan, Alaska, to set up a deal to change the tug's existing Cat D348s rated at 703 HP each for a pair of modern EPA…
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.Beginning Thursday, the department…
Helge Vatnehol has been appointed Group CEO of Rapp Marine. Vatnehol comes from the position of Senior Vice President Offshore Deck Machinery in Rolls Royce and takes over on September 1, 2014.“The companies in the winch division of former…
A special Bangladesh anti-crime unit on Wednesday arrested the owner of a ferry that sank in a river killing about 110 people, the first time authorities took such action in a country where shipping accidents with heavy loss of life are common…
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year…
The Ferguson Group, global specialists in the provision of offshore DNV 2.7-1/EN12079 containers and accommodation solutions, has posted its 2013 results, which show continuing growth, with worldwide sales increasing by over 12% to £65 million and pretax profits up 28% from £16…
Macro Economics: Take nothing for granted; we need reforms to improve economic performanceGlobal economyThe International Monetary Fund (IMF) has downgraded its global growth projection from 3.7% in April to 3.4% in July. The adjustment is primarily due to the large negative result in the U…
