New Zealand audio equipment manufacturer FUSION has released of a variety of new marine entertainment and speaker products. These include the 650 and 750 True-Marine™ series entertainment systems and the Signature Series speakers and subwoofers…
Transocean Ltd's decision to replace its chief executive will do little to help the company cope with an aging fleet and lower demand for its rigs due to a steep fall in oil prices, analysts said. Shares of the company, which also slashed its dividend by 80 percent to 60 cents per share…
Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S…
International accountant and shipping adviser Moore Stephens says the time is right for shipping to seek financial backing from the private equity sector to help fund investment in innovative products and services designed to keep the industry competitive and achieve regulatory compliance…
Thomas Lee has been promoted to team leader at the Singapore office of KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products. Lee has been with the company for over 4.5 years during…
Niels Alexander Lange took over as Managing Director of the recently founded Schottel Hydro GmbH, a subsidiary of the Schottel Group comprising activities in three segments: Schottel Instream Turbines (SIT), semi-submerged Triton platforms and components…
A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks…
The chief executive of Transocean Ltd , one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices.Transocean said on Sunday that Chairman Ian Strachan…
When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long.'I knew it was coming,' he said. 'I wasn't the first to be let go.'The 27-year-old Houston native…
Hiab, part of Cargotec, is sponsoring the very first World Crane Championships, the finals of which take place at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. Over the past year, qualification rounds have taken place in 11 different countries…
An agreement has been reached between Wärtsilä and Cryonorm Systems BV, the Netherlands based developer and supplier of cryogenic vaporizers, to form a consortium to deliver LNG systems for the Inland Waterway (IWW) European market.The…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period and full year ended December 31…
As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom…
Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent…
Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…
