Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”). The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer. Captain…
Bernhard Schulte Shipmanagement (BSM) has recently announced the appointment of a new Chief Financial Officer, Sebastian Graf von Hardenberg. Responsible for the organization’s global financial operations, he is based in Limassol, Cyprus.Graf…
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties. The agreements were reached with seven non-vessel-operating common…
Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP. The companies have a long-standing relationship. The newly acquired terminal is adjacent to the existing Koole terminal…
The Panama Canal Authority closely monitors the water levels of Gatun and Alhajuela lakes on a regular basis due to the importance that these resources have for transit operations.With the onset of the 'El Nino' phenomenon, great efforts…
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd, the risks from a slowdown in Chinese consumption to container shipping are far smaller than for the dry bulk sector…
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance of dry bulk and container operators to continue to be affected by weak global trade growth and persistent overcapacity…
DP World and the Port of Melbourne Corporation have reached an agreement on a new 50-year lease, ending months of negotiation over rental increases at Australia’s biggest port. The Port of Melbourne will forego tens of millions of dollars…
The CMA CGM Group upgrades its Lebanese service by adding a call in Beirut on its EPIC line, joining North Europe to Indian sub-continent, and on its MEX line, joining the Mediterranean to Asia. 'We are pleased to announce that starting…
The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world powers over the Middle Eastern country's nuclear program. 'Following the…
Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO), part of SINA Group which is one of the largest Iranian companies…
Indonesia’s $2.8 billion Donggi-Senoro LNG project has shipped its first cargo of the chilled gas on August 2, Mitsubishi Corp, which holds about 45 percent of the project, stated. The $2.9 billion project, with LNG production capacity of 2 million-tonne-per-year (mtpa)…
Some veteran Mississippi pushboats and barges have been transported to South America for second careers. However, conditions on a great river like the Paraguay-Paraná are different. It has sharp bends, shallow stretches, and includesremote reachestotally lacking in infrastructure…
West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 – 6 p.m. at 631 Marine Way in downtown Paducah.The event will highlight the completion of the 8…
BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation due to good prospects and growth rates outperforming other countries in the region…
