Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually.The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016…
With only five legislative days left to avoid a government shutdown, Congressman Steve Israel (NY-03) announced legislation that will ensure United States Merchant Marine Academy (USMMA) midshipmen can continue attending classes in the event of a shutdown…
Sailors’ Society said it will hold its first ever fundraising event in Greece on Thursday, October 15, in Athenaeum InterContinental Athens’ ballroom for a night that will see the industry come together in support of the Society’s Greek maritime scholarship program for aspiring seafarers…
Beach Energy Limited announced that Mr Robert Cole will, on cessation of his employment with Beach on 14 October 2015, continue as a non-executive director of the company.Mr Cole will nominate for re-election as a non-executive director at the 2015 annual general meeting…
At the 2015 Monaco Yacht Show held this morning Fincantieri, leading western shipbuilding group, and Pininfarina, standard-bearer of the Italian design for 85 years, introduced the “Ottantacinque” concept of a latest-generation luxury mega yacht…
NYK has been selected for the Dow Jones Sustainability Indices (DJSI)* for a 13th straight year. The DJSI, which is a major yardstick for companies engaging in socially responsible investment (SRI),** is composed of select sustainability-driven companies from over 3…
The Transportation Safety Board of Canada (TSB) is deploying a team of investigators following the girding and sinking of the tug Sea Imp X in the North Arm of the Fraser River, British Columbia. The occurrence took place yesterday at approximately 20:00 PDT…
Though cracks were detected in the concrete walls of one of the locks of the newly expanded Panama Canal last month, the Panama Canal Authority (ACP) is maintaining an April 2016 start date for the revamped inter-oceanic waterway, reports Fox News…
The UK Chamber of Shipping has signed a Memorandum of Understanding with the Society of Maritime Industries and British Marine, to set out the basis for the three organisations to work together for the benefit of the industry as a whole. Shipping…
The International Marine Contractors Association (IMCA) has published a variety of guides, templates and discussion documents aimed at raising awareness on contracting issues, promoting discussion and providing tools that may be useful for its contractor members…
The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast. The European Commission has concluded that Finland's plans to grant…
Maritime activities have become one of the major and accelerating driving forces of this world and the main lever of European economic growth, thanks to the boom of traditional fields such as maritime transportation, fisheries, offshore oil & gas…
The world leading shipping group CMA-CGM has fitted its largest containership, the 18,000 TEU Vasco de Gama, with a 2,000 cu.m/h Bio-Sea 2000 Ballast Water Treatment System (BWTS) supplied by French ballast water treatment specialist Bio-UV…
In a 4-to-1 vote today, Port Commissioners and John E. Walsh agreed that his last day as Canaveral’s chief executive officer would be January 21, 2016, the Port announced today. Walsh will continue to serve in the role until that time. No decision has been made yet regarding a successor…
InterMoor UK Operations, part of Acteon’s foundations and moorings business, has surpassed eight years and more than 2,520 projects without a single lost-time incident (LTI). The safety record is held by InterMoor UK Operations – InterMoor Ltd…
