Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
Great Eastern Shipping Company (GE Shipping), India’s largest private shipping company, is planning to raise up to Rs 500 crore ($79 million) through non-convertible debentures (NCDs) on a private placement basis, says PTI. The company…
Crowley Maritime Corp.’s 2015-2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of Massachusetts Maritime Academy (MMA). The four recipients, Bryan P. Wall, Robert M. Neal, Peter Persechino and Adam Szloch…
Michael H. McGarry has been elected president and chief executive officer of PPG, effective September 1, 2015. McGarry will join the company’s board of directors immediately. McGarry, who has served as PPG’s president and chief operation officer since March…
Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4. He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern…
Shipowners Claims Bureau, Inc., which manages international P&I insurer the American Club, has announced new appointments and promotions at its offices in Greece, the United Kingdom and China: Dorothea Ioannou, Managing Director of SCB (Hellas) Inc…
Crowley Maritime Corporation has announced that Brad Brown has been promoted to vice president of information technology. He will remain based in Jacksonville and continue to report to Carl Fox senior vice president, corporate services.As vice president of IT…
New regulations on the carriage of biofuels could limit the trading flexibility of product tankers from next January, according to Rivertrace Engineering, Managing Director, Mike Coomber. This is because oil discharge monitoring equipment on…
South Korea has chosen a consortium led by China’s state-run Shanghai Salvage Co. as the preferred bidder to raise the Sewol passenger ferry which sank off Jindo Island on April 16, 2014, the country’s Ministry of Oceans and Fisheries (MOF) said in a statement…
The Islamic Republic of Iran Shipping Lines and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze, reports Press TV. International…
Oslo-listed offshore shipowner Subsea 7 has signed an agreement with Houston-based company, KBR and its subsidiary Granherne, to form an alliance in the delivery of concept and front end engineering and design (FEED) services. This is the…
Aker Philadelphia Shipyard ASA announces its plan to change its name to Philly Shipyard ASA, pending an upcoming shareholder vote at an extraordinary general meeting expected to take place in October 2015. Aker Philadelphia Shipyard, Inc. (APSI) will likewise change its name to Philly Shipyard…
Kinder Morgan Inc. will buy out Royal Dutch Shell PLC’s interest in their proposed Elba Liquefaction Co. (ELC ) joint venture in Georgia. Houston-based Kinder Morgan already owns 51% of the ELC joint venture. The firm said it would buy…
MMC Corp Bhd has bought a further 9.08% stake in logistics and port operator NCB Holdings Bhd, boosting its shareholding to 30.13% as it seeks to remain a key player in the ports industry in Malaysia. In a filing with Bursa Malaysia yesterday…
The proposal to buy three Chinese submarines has been put on hold and would not be put into consideration by the Cabinet yet, said Deputy Prime Minister General Prawit Wongsuwan. Prawit said this month the navy had approved a 36 billion baht ($1…
