Ocean LED USA, LLC, a manufacturer of LED marine lighting technology, today announced that Fred Mayer has joined the company and will serve as the Superyacht Division Account Manager for North America. In his new role, Mayer is tasked with…
Satcom Global has launched a maritime system bringing seafarers up to speed with today’s ‘connect anytime anywhere’ culture, enabling those at sea to keep in touch with the rest of the world with their own device. The latest addition to…
ClassNK issues Hong Kong Convention Statements of Compliance to two ship recycling facilities in India Two ship recycling facilities in Gujarat, India, R. L. Kalthia Ship Breaking Pvt. Ltd. and Priya Blue Industries Pvt. Ltd., have received…
One of the first commercial applications of MAN Diesel & Turbo’s new MAN Alpha Kappel FP propeller took place off the coast of China recently when the vessel Elsabeth C, a 58,500-dwt Supramax bulk carrier owned by Frontmarine Co. Ltd – an affiliated and managed company of Lemissoler Navigation Co…
Some 50 percent of crews working on offshore support vessels are willing to compromise safety rather than say “no” to clients or senior management, while nearly 80 percent believe commercial pressures could influence the safety of their working practices…
Press release- Jim Teasdale, CEO of Mersey Maritime, has announced his retirement after 11 year at the helm of the industry representative body.His last day in the role will be Wednesday, September 30, 2015. Teasdale was a founder director of the Birkenhead based not-for-profit organization…
Maritime navigation services group Global Navigation Solutions (GNS) announced the appointment of Jon Folkedal as its new country manager for Norway with immediate effect, marking the company’s first specific country appointment in Scandinavia…
Oil and gas company Shell Malaysia announced on Tuesday a reorganisation of its upstream division, which will see a reduction of 1,300 jobs over the next two years.Shell Malaysia, a unit of Royal Dutch Shell PLC, said in a statement the…
China's slower growth and economic transition will pose significant risks for the already struggling shipping sector, rating agency Fitch said. The shipping sector is already faces overcapacity, weak freight rates and stretched financials…
German container carrier Hapag-Lloyd is looking to sell shares for a total US$500 million, and will seek listings in Hamburg and Frankfurt before the end of 2015. Hapag-Lloyd has confirmed that it is preparing for a US500 million initial public offering (IPO) this year…
The European Bank for Reconstruction and Development (EBRD) has acquired stake in Turkish cruise port operator Global Ports Holding (GPH), one of the world’s largest port operating companies. In a statement, the bank said the minor stake…
South Korea’s second-largest shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) hit a hurdle in its efforts to get capital injection after the Export-Import Bank of Korea (Korea Exim Bank) delayed necessary funding for its shipbuilding project…
The Investment Coordinating Board (BKPM) is looking to book millions of dollars of investment realization in the shipbuilding industry by the year-end as domestic demand is expected to skyrocket following the government’s instruction to prioritize the utilization of locally produced vessels…
Three South Africa youths made history in South Africa’s maritime economy sector at the weekend when they boarded the country’s first registered cargo ship since the dawn of democracy. Similarly, the city of Nelson Mandela Bay also marked…
The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia. The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port…
