Stefanos Kazantzis, Financial Advisor of McQuilling Services Marine in an interveiw discusses the recent upswing in VLCC asset prices and current developments in the asset markets. Excerpts:About Asset Contango:Asset Contango is a situation…
A cruise ship returning to New York from the Caribbean with 4,500 passengers on board had to be towed into port on Sunday after getting stuck in the Hudson River, the U.S. Coast Guard said. The Norwegian Cruise Line ship was moored in the…
The Ship Production Symposium (SPS), hosted by the National Shipbuilding Research Program (NSRP) and the Society of Naval Architects and Marine Engineers (SNAME), and held in conjunction with the 2014 SNAME Maritime Convention (SMC), is an annual…
Greater energy efficiency and safety increasingly determine the selection of electric drives, even at high levels of power. With its IndraDrive CL/ML, Bosch Rexroth now offers a scaled product range of strong drive solutions from 110 kW to 4 MW for applications in metal forming…
Private equity firm Arsenal Capital Partners is considering a sale of its business that helps U.S. oil and chemical companies reclaim import taxes, a partner at the firm said.Timothy Zappala told Reuters that other options for the company…
Contributes $5,000 to Bird Rescue CenterThe Port of Long Beach will donate $5,000 for the surgical and rehabilitative care of a California brown pelican found recently on the shoreline in Long Beach with a slashed pouch, a wound thought to be caused by someone with a knife or other sharp object…
The State University of New York Maritime College will hold its May Commencement Ceremony on Friday, May 9, 2014 at 11 a.m., in the St. Mary’s Pentagon, Fort Schuyler, on the SUNY Maritime campus.Dr. Michael A. Cappeto, Interim President of the Maritime College…
Congressmen Jim Sensenbrenner (R-Wis.) and Rick Larsen (D-Wash.) introduced a bill to amend the State Department Basic Authorities Act of 1956 to establish a United States Ambassador at Large for Arctic Affairs. Currently, 20 government agencies are handling Arctic policy…
The State University of New York (SUNY) Maritime College said it will honor two industry leaders at its annual Admiral’s Scholarship Dinner on Tuesday, May 6. The dinner will begin at 5:30 p.m. in Vander Clute Hall on the SUNY Maritime College campus…
The State University of New York (SUNY) Maritime College announced Friday that two student cadets, Julia Paxton of Sebastopol, California, and Brandon Baranyar of Fairfield, Connecticut, have been selected as recipients of the 2014 SUNY Chancellor’s Award for Student Excellence…
As part of its continuing response to the Deepwater Horizon incident, the U.S. Coast Guard's notice of recommended interim voluntary guidelines concerning fire and explosion analyses for MODUs published in the Federal RegisterThe Federal Register Friday published the U…
British oil and gas explorer BP will cut around 30 percent of IT jobs in its international upstream division following a review of its support services, a source familiar with the situation said. BP confirmed its support service review may result in IT job losses…
Major operators and innovators gather in Abu Dhabi for ITF members’ meeting.The CEO of global leading energy services company LR Senergy, James McCallum has issued a stark warning that oil and gas productivity will drop if the drilling sector…
Morten Mortensen, who was recently employed as Sales Manager at Dan-Bunkering (Singapore) Pte. Ltd. has been promoted to Managing Director effective May 1, 2014. Morten Mortensen has approximately 20 years of combined experience in both sales and procurement on a very high level…
Effective as of 1st May 2014 A/S Dan-Bunkering Ltd. has appointed Henrik Krøjgård Ladekjær as Group Project Manager.Henrik will identify and manage various short- and long-term projects within the entire Dan-Bunkering Group.“Henrik has previously been employed by A/S Dan-Bunkering Ltd…
