The Netherlands-based Vroon Offshore Services has decided to pull 12 offshore-support vessels out of operation, saying the move is a “direct result of the ongoing slump in offshore oil and gas activities”. This consequently means it will also reduce the number of onboard positions…
French shipping company CMA CGM has revealed that the Turkish conglomerate Yildirim Group wants to sell its 24% stake in the carrier. Yildirim Holding planned to divest its major stake of one fourth in CMA CGM, by 2015, President and CEO of Yildrim Holding…
'Our 24 x 7 multi-referential container tracking facility ensures that your shipment is always ‘just a click away’!,' says CMA CGM. CMA CGM Container tracking is available anytime anywhere- from your personal computer, laptop, tablet or…
Confirming that the company is preparing its initial public offering, Hapag-Lloyd said it “expects total gross proceeds in the equivalent euro amount of US$500 million from the IPO,” says a report in Reuters. Rolf Habben Jansen, Chief Executive…
Maersk Line CEO Soren Skou called for consolidation in the container-shipping industry, citing “extremely weak” demand growth amid steadily increasing capacity, says a report in the Wall Street Journal. Skou said sharing costs with partners…
As Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia is at the final stage, Poland expects to receive its first cargo of liquefied natural gas (LNG), reports Reuters. The terminal, being built in the Baltic city of Swinoujscie…
Malaysia and China are working to boost connectivity between their sea ports to raise bilateral trade to achieve a trade volume of $160bn by 2017, says a report in the Star. Transport Minister Datuk Seri Liow Tiong Lai said the two countries…
The International bodies have agreed to India’s efforts to push back the High Risk Area (HRA) from 78 degrees East longitude to the 65 degrees East longitude. This will result in huge savings for India’s EXIM trade and consumers on account…
Leading UK port operator, Peel Ports Group, has been recognised as the UK’s top company in this year’s prestigious Sunday Times Grant Thornton Top Track 250 league table. Its ambitious development plans and strong financial results were…
U.S. Naval War College (NWC) leaders and alumni received a warm welcome on Capitol Hill, Oct. 7 during a congressional breakfast organized by Rhode Island Sen. Jack Reed.The event offered a chance for members of Congress and their staff…
Alexander Koryakin is appointed Director General of Gazprom Dobycha Urengoy.Alexander Koryakin was born in Chelyabinsk in 1968. He graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development. Alexander Koryakin has an MBA degree…
China has completed the construction of two lighthouses in the disputed South China Sea, the official Xinhua news agency reported, as tensions in the region mount over Beijing's maritime ambitions.A completion ceremony was held for the…
Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that combines travelers’ love of travel with their desire to make a difference, will…
Ice ship HMS Protector is heading for waters no Royal Navy vessel has visited in 80 years as she begins a marathon deployment to Antarctica.The Plymouth-based icebreaker and survey vessel will ensure the world’s fishermen are not stripping…
The Port of Palm Beach District announced that Moody’s Investors Service, Inc. upgraded the Port of Palm Beach District senior rating to Baa3 from Ba1, and reported the outlook to be stable. The report, released October 2, 2015, documented the port’s strengths…
