Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the substantial risk it creates to the…
Mitsui O.S.K.Lines,Ltd. (MOL) announced that it supported PH-Japan’s (Peoples’ HOPE Japan’s - PHJ) Myanmar healthcare program to provide free transportation of PH-Japan’s container filled with 2,000 units of digital thermometers and electronic…
Engineering giant Bechtel Corp reached a new workplace agreement on Friday with construction workers, averting strikes that could have delayed the start-up of three liquefied natural gas (LNG) plants it is building on Australia's east coast…
The tug's owner, 'Norman O', Rick Olson, worked with local Cummins dealer Mike Painer at South East Diesel & Electric in Ketchikan, Alaska, to set up a deal to change the tug's existing Cat D348s rated at 703 HP each for a pair of modern EPA…
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.Beginning Thursday, the department…
Helge Vatnehol has been appointed Group CEO of Rapp Marine. Vatnehol comes from the position of Senior Vice President Offshore Deck Machinery in Rolls Royce and takes over on September 1, 2014.“The companies in the winch division of former…
A special Bangladesh anti-crime unit on Wednesday arrested the owner of a ferry that sank in a river killing about 110 people, the first time authorities took such action in a country where shipping accidents with heavy loss of life are common…
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year…
The Ferguson Group, global specialists in the provision of offshore DNV 2.7-1/EN12079 containers and accommodation solutions, has posted its 2013 results, which show continuing growth, with worldwide sales increasing by over 12% to £65 million and pretax profits up 28% from £16…
Macro Economics: Take nothing for granted; we need reforms to improve economic performanceGlobal economyThe International Monetary Fund (IMF) has downgraded its global growth projection from 3.7% in April to 3.4% in July. The adjustment is primarily due to the large negative result in the U…
Experts predict the internal combustion engine will not lose its dominant position any time soon, but developing engines to meet ever tighter emission limits is costly. So what role are alternative fuels likely to play in the future? Oskar Levander…
Goltens Worldwide Management Corp. (GWMC) has announced the appointment of Roy Strand as Chief Operating Officer.Strand has previously served as the Vice President of Operations in the Americas and Europe, and will continue to serve as the…
The UK’s largest independent safety supplier, Ocean Safety, have made a key appointment at their Southampton Branch and is pleased to announce that Steve Bockett has accepted the position of Training Manager.Steve has spent four years at Ocean Safety in Southampton as Servicing Manager…
Just three more weeks to take advantage of early-bird discountSHIPPINGInsight 2014 is coming soon, but there’s still time to take advantage of the early-bird registration discount.Attendees registering prior to the Aug. 28 early-bird deadline can receive a discount up to $400 for the event…
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has donated $53,640 to Mississippi Gulf Coast Community College (MGCCC) for the purchase of welding machines to be used at the school's new Transitions Academy. The academy will…
