MOL Group significantly outperformed its initial USD 2bn target for 2016 and delivered a clean EBITDA of USD 2.15bn, which is only moderately down compared with the previous year. Upstream has shown great resilience to the deteriorating external environment…
ABS, the leading provider of classification and technical services to the offshore industry, has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines…
Software firm Ideagen has announced it has launched Ideagen Coruson – a re-brand of its enterprise safety management and incident reporting software.Gael Enlighten, a cloud-based software solution used by some of the world’s leading brands including Virgin Trains…
Kristen Leonard will return to the Port of Portland (Oregon) on February 27, 2017 as chief public affairs officer, after leaving the port in November 2015 to serve as Governor Kate Brown’s chief of staff. During Leonard’s absence, Bobbi Stedman…
Brunswick Commercial & Government Products (BCGP) has promoted Jeff Hubert to director of sales, responsible for product development initiatives and worldwide business development. Hubert joined BCGP in 2016, and has been serving as the company's regional sales manager for the Eastern U…
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.The French oil major -- the first of its peers to strike deals in Iran…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched gains for the ninth straight session to end at a more than one-month high on Monday, helped by higher rates for panamax vessels.The index…
A company owned by the Nordic American Tankers Limited (NAT) Chairman & CEO, Herbjorn Hansson, and his son, Alexander, has purchased 75,000 NAT shares last week, adding to the position as one of the largest shareholders of NAT. The share price was $7.96 per share.
Martek Marine, the global maritime technology innovator, is leading calls to make the shipping industry safer for seafarers to mark European Shipping Week, taking place in Brussels this week. To encourage shipping companies to invest in improved healthcare for crew members…
Odfjell SE has announced the signing of long term charter agreements for two chemical tankers with stainless steel cargo tanks, for construction in Japan. The agreement includes two vessels of 35,500 dw tonnes and 28 stainless steel cargo tanks…
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. 24, 2017, with the Federal Maritime Commission (FMC) to create the “East Coast Gateway Terminal Agreement.”The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies…
The UK P&I Club continues to strengthen its presence in Europe, Middle East and Africa Region, with the announcement that Susanne Murphy has been appointed EMEA Regional Director. Murphy joined Thomas Miller in 1995 following a Master’s degree in Marine Law…
Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has reported a net profit of $195 million for the year ended December 31, 2016 compared to $300 million reported the previous year. The fall in the profit…
The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region…
The Caribbean Maritime Institute (CMI) will now gain university status, following the passage of legislation in both Houses of Parliament to effect this. Not a single senator opposed the bill to make way for the Caribbean Maritime Institute Act…
