DCT Gdansk will appoint Adam Zolnowski, who until recently was responsible for strategy and corporate affairs, as Chief Financial Officer with the beginning of April. Prior to his career in DCT, Adam was a Director at Pricewaterhouse Coopers…
Risk is at the heart of all financial transactions. That said; in cases of Mergers and Acquisitions, buyers and sellers of companies can and do have contrasting goals and very different notions of risk in a deal. Sellers often take their company or division to market in order to reduce risk…
DNV appointed Frank Ketelaars as its Head of U.K. Advisory Services to oversee a further growth in the oil and gas sector, drawing on a diverse and experienced pool of consultants. Mr. Ketelaars will have overall responsibility for DNV’s advisory units in London…
SBS Worldwide promoted their U.S. CEO Lars Kloch to CEO – Freight Division, expanding his existing U.S. role to take responsibility of their global freight operations. Kloch takes up the role with immediate effect and will become responsible…
Wärtsilä's unique GasReformer uses steam reforming technology to convert associated gas to a quality that can be used as gas-engine fuel.The Wärtsilä GasReformer enables gases produced during oil production, which by nature are rich in heavy hydrocarbons…
The federal government cleared the way for Virginia to seek a research lease in its Atlantic coastal areas to help speed up development.The move would allow for greater study of wind, waves and wildlife in a 130-square-mile set aside for wind development…
The Canadian St. Lawrence Seaway Management Corporation (SLSMC) increase tolls 3% for 2013 season.There are no tolls charged for transiting the U.S. section of the Seaway's lock system which is operated by the U.S. Saint Lawrence Seaway Development Corporation…
The director of the Navy staff spoke at the 'Navy Now Forum' which aims to enhance the Navy & industry relationship.Vice Adm. Richard Hunt discussed the progress the Navy's LCS Council has made in furthering the development of integrating LCS ships into fleet operations…
Great Lakes Dredge & Dock Corp reporte financial results for the final quarter and year ended December 31, 2012.Revenue increases in the quarter included: ◦ 123% increase in domestic capital dredging revenue driven by deepening work…
Maersk Line intend to take measures to avoid a repetition of the ocean container shipping 'rate wars' of previous years.With a capacity of 18,000 20-foot containers, the Triple-E will be the largest container ship ever built. Maersk acknowledges…
The world’s largest message-in-a-bottle will be released shortly, 200 nautical miles off the coast of Tenerife, Canary Islands.The bottle constructed by the owner of Norwegian company Koeningsegg is registered as a boat, and will be tweeting…
Lightering operations completed, flaring operations continue on the pipeline fire.The Coast Guard & assisting agencies continue response operations for a tug and barge that struck the pipeline near Bayou Perot.After the barge was removed from the scene and taken to a secure location…
Romania's Grup Servicii Petroliere (GSP) to start drilling in June, admitting it has no experience of drilling operations in the Arctic.Operations are scheduled to start at the beginning of June and will be carried out in Dolginskoye oil field…
Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management.The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…
The new Wärtsilä Innovation Node is situated at the heart of the Aalto University campus in Espoo, Finland. Wärtsilä' recently opened Innovation Node brings business experts, students and researchers to the same venue to stimulate creativity…
