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ASA Electronics Hires PR Specialist

Dec 16, 2015

ASA Electronics has added Hannah Birong as its new Public Relations Specialist to oversee content creation as well as public relations for ASA Electronics’ various industries and proprietary brands. Her position includes a range of media relations…

SENER Celebrates 50 Years of FORAN

Dec 16, 2015

SENER celebrates in Shanghai the FORAN System 50th anniversary and presents the new version V80 The SENER Group division in Shanghai held a 50th anniversary celebration of FORAN system where it also presented its new version V80. More than 100 attendees from 40 companies including shipyards…

WSS’ Busan Hub Starts Strong

Dec 16, 2015

As Wilhelmsen Ships Service’s (WSS) new Northeast Asia Distribution Center, located in Busan, South Korea approaches its first birthday, the 6,500 sq. m warehouse facility continues to help the firm establish its position in the regional marketplace…

Orsel Joins ISWAN Board

Dec 16, 2015

The International Seafarers Welfare and Assistance Network (ISWAN) has announced that Karin Orsel has joined the board as a trustee. Orsel is the Chief Executive Officer of MF Shipping in the Netherlands, President of WISTA International, and Vice Chairman of the International Chamber of Shipping…

Total's Pouyanne Expected to be Named Chairman

Dec 16, 2015

Total Chief Executive Officer Patrick Pouyanne is expected to be appointed as chairman of the French oil and gas giant on Wednesday, combining both roles again a year after they were split following the death of Christophe de Margerie, who had held both positions…

BMT Group Implements Internal Reorganization

Dec 16, 2015

BMT Group (BMT), an international design, engineering and risk management consultancy, has announced an internal reorganization which will see the existing BMT operating companies grouped into five market focused partnerships in a move that…

Statoil Welcomes Paris Agreement

Dec 16, 2015

On 12 December the world’s leaders agreed on an ambitious plan to address climate change. Statoil welcomes the agreement and is well positioned to play our part in the transition to a low carbon future.“Statoil has called for an effective international climate agreement…

Sr Management Restructuring at Rolls Royce

Dec 16, 2015

Rolls-Royce is today announcing a new senior management structure as the first step in the wide-ranging restructuring announced on 12 November 2015. The move will simplify the organisation, drive operational excellence and reduce cost; ensuring…

NOIA Rebuts “Red Herring” Study on Atlantic Development

Dec 16, 2015

NOIA President Randall Luthi issued the following statement regarding a report released today by SELC which attempts to discredit an earlier study by Quest Offshore: “The Quest Study estimates the potential for jobs, economic activity…

GAC celebrates 30 years in India

Dec 16, 2015

GAC India has celebrated 30 years of operation in the country with an event held at the Trident, Bandra Kurla Complex.GAC Shipping (India) Pvt. Ltd. was the first GAC office to open in the Indian Subcontinent. Operations began in 1985…

VLCC Earnings Set for Strong Growth

Dec 16, 2015

MSI’s proprietary tanker market model predicts firm earnings scenario in first half of next year before weight of fleet growth starts to suppress ratesLondon, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies…

Antwerp Port Makes Big Impression in India

Dec 16, 2015

A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority…

Creating History Indian PM Chairs Commanders’ Meet On Board INS Vikramaditya

Dec 15, 2015

Indian Prime Minister Narendra Modi presided over a combined commanders' conference  on Tuesday (December 16) morning aboard INS Vikramaditya, stationed about 40 nautical miles on the high seas. INS Vikramaditya is a modified Kiev-class…

Historic Low for Baltic Dry Bulk Freight Index

Dec 15, 2015

The Baltic Dry Index fell 4.7 percent to 484 points, the lowest in Baltic Exchange data starting in January 1985. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore…

Global Marine Port and Service Industry to Grow at a CAGR of 4.7%

Dec 15, 2015

According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry.  As per a Lucintel study, the global marine…

Logistics News

Trump declares that India will purchase oil from Venezuela and not Iran

Trump declares that India will purchase oil from Venezuela and not Iran

Port Houston Celebrates Best Year Yet

Port Houston Celebrates Best Year Yet

Panama Ports Will Operate Undisrupted Despite CK Hutchison Ruling

Panama Ports Will Operate Undisrupted Despite CK Hutchison Ruling

Panama Court Quashes CK Hutchison Port Contracts

Panama Court Quashes CK Hutchison Port Contracts

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Sources: German Economy Minister to visit Saudi Arabia with Siemens Energy and Thyssenkrupp,
Sources: German Minister to travel to Saudi Arabia with Siemens Energy and Thyssenkrupp CEOs
Sources say that SpaceX made about $8 billion profit in the last year before its IPO.