GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems, announced today the successful recovery of a stolen vessel in the Bahamas.On April 10…
Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years. HSH Nordbank and the Navios Group have signed a binding letter of intent for…
Mitsui O.S.K. Lines, Ltd. (MOL) has signed a contract covering construction of four next-generation 'FLEXIE' car carriers at Minaminippon Shipbuilding Co., Ltd. To be delivered in 2017 and 2018, the ships will serve on on MOL's worldwide…
NATO and Djibouti have enhanced their cooperation by signing an agreement to establish a NATO liaison office in Djibouti in support of the Alliance's counter piracy operation, Ocean Shield, in the Gulf of Aden. NATO Deputy Assistant Secretary General for Operations…
An Iranian convoy, believed to be carrying weapons destined for the Houthi rebels in Yemen, turned around and is headed north towards home country, WSJ quoted as U.S. defense officials saying. The cargo ships, accompanied by two Iranian warships…
Koji Sekimizu, secretary-general of the International Maritime Organization (IMO) said that number of migrants crossing the Mediterranean could surge to 500,000 this year with thousands of deaths at sea if no action is taken against the people who traffic them…
The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela. The modest 2 percent increase in cargo volumes is attributed to the less-than-expected…
Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector. The Council of Ministers approved amendments to the…
Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container shipping company mainly engaged in China-Japan routes, as part of the group’s comprehensive development strategy…
The U.S. Coast Guard and Washington Department of Ecology will host a spill preparedness conference May 20-21 at the Jackson Federal Building in Seattle. The two-day seminar is an opportunity to discuss the latest in spill-recovery theory and technology…
Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday. Shell said 100 of the staff cuts would be at its…
The International maritime Oranization (IMO) reports it has joined the United Nations One UN Climate Change Learning Partnership (UN CC:Learn). IMO now enters a partnership of more than 30 UN organizations that have an interest in climate change learning…
Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives. The announcement was made during a…
International Transport Intermediaries Club (ITIC) has recently supported a claim for ship sale commission by a shipbroker wrongly accused by a shipowner of incompetence.The shipbroker had entered into an exclusive commission agreement with a shipowner…
Chief Executive of Aberdeen-based Saltire Energy, Mike Loggie, has been shortlisted as a regional finalist in the EY Entrepreneur Of The Year Awards 2015.The annual EY awards, recognize business leaders from across the world that have shown the passion…
