ABS hosted its Annual Meeting in New York on April 23, 2013. ABS Chairman, Robert D. Somerville reported that, 'despite the uncertainties of the global economy and of the shipping and offshore markets, ABS turned in yet another record performance…
Rand Logistics, Inc. announced that John Binion, most recently the Chief Operating Officer and Executive Vice President of United Maritime Group, has been appointed to Rand's Board of Directors. Rand also announced that Michael Lundin, who has…
International Bunkering Middle East DMCC promoted Ajay Menon to Senior Bunker/Lubricant Trader and Team Leader.“Mr. Menon has served our company diligently and loyally for more than seven years and has played an important and driving role…
Organised by the Institute of Marine Engineering, Science & Technology (IMarEST) the programme for the 5th Symposium is published.The symposium programme for the fifth 'Engine As A Weapon Symposium (EAAW V)', with its theme ‘Delivering Military…
Denmark's TORM agreed to sell five MR product tankers to a company controlled by Oaktree Capital Management as part of an earlier restructuring agreement.The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement…
BioProcess Algae LLC awarded $6.4-Million U.S. Department of Energy grant to develop advanced drop-in biofuels for military jets & ships.BioProcess Algae LLC has been selected to receive a grant of up to $6.4 million from the U.S. Department of Energy (DOE)…
Keppel Corporation forms, Ocean Mineral Singapore Pte., to explore for polymetallic nodules several kilometres beneath the ocean's surface.Polymetallic nodules contain copper, nickel, cobalt and manganese, as well as rare earth minerals, and…
CDI Corp. gets a new U.S. Navy SEAPORT task order to continue to provide watercraft engineering & marine services for the Naval Surface Warfare Center.The watercraft engineering and marine services contract is for the Naval Surface Warfare Center…
Seacurus has launched a new insurance policy to indemnify seafarers in the event of the financial default of their employers.CrewSEACURE is a new insurance product now available to all employers of seafarers required to satisfy new regulatory…
Navios Maritime Holdings & Navios Maritime Acquisition Corp. in J/V sign LOI to buy 10 ships from debtors of HSH Nordbank.The new Joint Venture company, named Navios JV, has executed a binding letter of intent to acquire ten vessels, composed…
The Legal Committee of the International Maritime Organization (IMO), has drafted advice for masters of ships on preservation & collection of evidence.Draft guidelines on the preservation and collection of evidence following an allegation of a serious crime having taken place on board a ship…
Insurers, Lloyd's of London, say in a new report that the cost of dealing with shipwrecks is rising as ships grow in size.The report, 'The challenges and implications of removing shipwrecks in the 21st century', warns that the cost of dealing…
MAN Diesel & Turbo, Switzerland, signs to provide Norway's Statoil with new subsea compressor equipment & maintenance services.The Zurich-based MAN Diesel & Turbo Schweiz AG and Statoil have followed a joint subsea compressor qualification programme since 2005…
The Port of Long Beach wins Federal Maritime Commission 'Earth Day' Award in recognition of its mitigation & sustainability efforts.The Port has been named one of three recipients of the 2013 Federal Maritime Commission's Chairman’s Earth…
Catherwood Towing's owner, Ernie Catherwood, adds another tugboat to his 14-boat fleet that operates in and around Canada's Fraser River.The 39-year old boat was at a shipyard undergoing a scheduled Canadian Steamship Inspection. Ernie had…
