U.S. Coast Guard Sector North Carolina has restored radio communication capability Friday.Repairs were completed at approximately 4 a.m. after communications went down Thursday evening, leaving the Coast Guard unable to monitor radio traffic…
Caterpillar Inc. announced today its board of directors has appointed Andrew Bonfield as chief financial officer (CFO) effective September 1, 2018. Bonfield will succeed Brad Halverson, whose retirement became effective May 4, 2018.Bonfield…
Subsea 7 S.A. announced that it had taken note of McDermott International shareholders' vote in favor of a combination with Chicago Bridge & Iron Co (CB&I).In light of this vote, Subsea 7 confirms that the proposal made to McDermott's Board…
Bermuda-based Nordic American Tankers (NAT) is planning to sell two of its older suezmaxes, thus reducing its fleet size to 31 tanker vessels. NAT described the move as a means of “retaining the flexibility of NAT going forward”. 'We…
For the first time liquefied natural gas from Sabetta on the Siberian peninsula Yamal, was transhipped simultaneously in Zeebrugge from an ice class vessel (ARC7) into a conventional LNG carrier for further transport to Asia on May 01 Tuesday…
Top Ships, an international owner and operator of modern, fuel efficient 'ECO' tanker vessels focusing on the transportation of petroleum products, announced that it has extended the firm period of the time charter of M/T Eco Fleet with BP Shipping Limited for six months…
The growing number of construction projects in the Greater Amsterdam Area has created a need for a smart and efficient method for transporting materials to building sites. In an effort to meet this demand, the City of Amsterdam, Port of Amsterdam…
Singapore-based Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka. Headquartered in Singapore, Ocean Network Express was established on July 7, 2017 through the integration of 'K' Line…
Teekay Offshore Partners L.P. announced today that David Wong will step down from his position as Chief Financial Officer of Teekay Offshore Group Ltd. to commence a new opportunity outside of the Teekay organization.Wong, who joined Teekay…
Finnlines, part of the Grimaldi Group, signed a 200 million euro ($240 million) order for three new ro-ro vessels to be delivered from China’s Jinling Shipyard from 2020-2021.The 17,400 DWT vessels will be 238 meters long and have a cargo capacity of 5…
Brazil's soybean exports hit record volumes last month, grain exporter association Anec said on Thursday, citing a weak domestic currency and trade tensions between the United States and China for bolstering business for local farmers.Brazil's April soybean exports reached 11…
The chairwoman of South Africa's state-owned logistics utility Transnet has resigned along with two other board members, the public enterprises ministry said on Thursday.The firm has been accused of irregularities in the awarding of contracts…
Activists hailed a Kenyan court for ordering that almost 5,000 fishermen at a 14th century World Heritage Site receive millions in compensation for the loss of traditional fishing rights due to the construction of a major port.The fishermen in Lamu…
The Stockholm Norvik Port will open in 2020. The halfway stage has been reached and there is an incredible amount of activity at the construction site, where buildings, bridges and quays are emerging, while the route for the railway track is simultaneously being prepared…
Sea IT has added Felix Magnusson and Daniel Wejnermark to its international team. They will be stationed at the Sea IT headquarters in Gothenburg, Sweden and travel on assignment to serve increased client demands around the world.Daniel Wejnermark holds beside multiple Cisco certificates…
