Long-time Teekay leader David Glendinning, president of Teekay Gas Services, will retire December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Glendinning is Mark Kremin, currently vice president in the same division…
The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister of Oceans and Fisheries is important for further developing the close co-operation…
The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine, has been selected to power a new generation icebreaker currently under construction at the PJSC Vyborg Shipyard…
Carnival Corporation & plc today officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya, the most popular cruise destination in the Caribbean…
Israel’s Zim Integrated Shipping Services has hired two banks to carry out its initial public offering (IPO) in the US, Bloomberg reported. Zim Integrated Shipping Services Ltd has hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead a New York IPO…
Korea and Denmark both have ambitious national plans for a transition to greener and more energy efficient economies. The Danish-South Korean Green Growth Alliance met for roundtable talks. The Minister for Business and Growth’s meeting…
The Danish-led e-navigation project, EfficienSea2, got one step closer to being launched when a core element of the project – Maritime Cloud – was debated by a group of international maritime organisations and companies. The purpose of…
Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax tankers to a major European oil concern for crude trading operations. The total…
The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline…
BIMCO says that the co-sponsors of BMP 4 have agreed to a revised definition of the High Risk Area.The High Risk Area is now defined as being bounded by:In the Red Sea: Latitude 15oNIn the Gulf of Oman: Latitude 22oNEastern limit: Longitude…
Mitsui O.S.K. Lines, Ltd. announced that it has started a demonstration test of a next-generation condition-based engine monitoring system called “CMAXS e-GICSX” (electronic Global Internet Customer Support neXt) aboard the recently delivered methanol carrier MAYARO…
The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water, friends and colleagues said. The captain of El Faro…
The ill-fated U.S.-flagged El Faro cargo ship sunk by Hurricane Joaquin was sailing at near full speed into the center of the storm before it lost propulsion amid mountainous waves and brutal winds, according to ship tracking data.The data…
Mario Cordero was reconfirmed today as a U.S. Federal Maritime Commissioner. Cordero joined the Federal Maritime Commission (FMC) as a Commissioner on June 3, 2011, having been nominated by President Barack Obama on September 17, 2010, and confirmed by the Senate on April 14…
Anthony Chiarello, President & CEO of TOTE, owner of the cargo ship presumed to have sunk with 33 mariners aboard last week amid Hurricane Joaquin, issued a statement Wednesday afternoon promising continued support to the families of the mariners lost aboard the missing El Faro…
