The pain of the current container market downturn extends beyond carriers, says Drewry's Container Insight Weekly. Some independent ship-owners are faced with either lowering charter rates to help save ailing carriers or risking their assets going idle…
CMA CGM has announced to its customers that there is increasing deterioration of the port congestion up to 15 days in Zanzibar, Tanzania, which is beyond their control. CMA CGM will implement an Emergency Operational surcharge in Zanzibar…
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and part of Adani Group, has announced the financial results for the fourth quarter and year ended March 31, 2016. Consolidated cargo across all ports handled by the company was 152 MMT in FY16…
Singapore has launched an initiative to attract more locals to take up a career as a marine engineer. The joint venture between unions, government and industry aims to address an acute shortage. A new S$1.2 million Tripartite Engineering…
On August 1, 2016, Ulf Hahnemann, current Vice President for Strategic Programs at Mars Inc. will join Maersk Line as Chief Human Resources Officer (CHRO) and be part of the management board of Maersk Line. Maersk Line’s current Chief Human Resources Officer…
Jennifer Boykin, vice president of engineering and design for Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division, has received the 2016 YWCA Women of Distinction Award. “We are thrilled to celebrate Jennifer and her accomplishments in the STEM and engineering fields…
Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday. Attacks in the Gulf of Guinea - a significant source of oil…
The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans. The Thames is the U…
The members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, elected a new slate of leaders during AWO's Spring Convention held recently in Washington, D.C. James F…
Ship operators who rely on a myriad of companies for their global bunkering needs are wasting time, money and energy, with no guarantee of standardized quality of products and services, says Wilhelmsen Ships Service (WSS). In an industry defined by tight margins and cost constraints this approach…
The Federal Maritime Commission’s (FMC) Supply Chain Innovation Team Initiative, led by Commissioner Rebecca F. Dye, was launched today at FMC headquarters in Washington, D.C. Over the next two-days, industry leaders from 34 companies will…
Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training providers in order to meet flag state requirements under STCW regulation I/12.…
The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium…
Ithaca Energy Inc. announced having successfully completed its planned semi-annual reserves based lending (“RBL”) facilities review and continues to maintain in excess of $100 million of funding headroom ahead of planned first hydrocarbons from the Greater Stella Area in the third quarter of 2016…
Maze microfluidic SARA analysis delivers precise fluid measurements for reservoir characterization HOUSTON, May 2, 2016—Schlumberger announced today at the 2016 Offshore Technology Conference the release of the Maze* microfluidic SARA analysis for reservoir fluids characterization…
