People & Company News

 

Frontline appoints Macleod as new CEO

Oct 20, 2014

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.Jensen, who was elected to the Frontline board last month…

Vice Presidents Rejig at Caterpillar Inc

Oct 20, 2014

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT) today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin…

World’s 1st LNG Hybrid Barge Christened "Hummel"

Oct 19, 2014

The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name 'Hummel' on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg. The godmother of the inaugural event for the floating LNG power plant for environmentally friendly energy supply of cruise ships was Dr…

Shadrin is D.G. of Gazprom Investholding

Oct 18, 2014

On October 13 the Gazprom leadership acceded to Alisher Usmanov's request for releasing him from his position as Director General of Gazprom Investholding.At the meeting Alexey Miller, Chairman of the Gazprom Management Committee thanked…

A2SEA Signs for Dudgeon

Oct 18, 2014

Dudgeon Offshore Wind Limited has awarded the Charter for WTG transport and installation to A2SEA A/S.A2SEA shall provide the jack-up vessel Sea Installer including 24/7 marine crew and crane operators for transport and installation of the 67 Siemens 6…

COWI NA Merges its Marine Companies

Oct 17, 2014

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering marketCOWI North America, Inc. (COWI NA) announced that its two marine companies, Ben C. Gerwick, Inc. and Ocean and Coastal Consultants…

Long Beach Officials on Trade Mission in Asia

Oct 17, 2014

Meeting with shipping lines to build business for Port of Long BeachLong Beach Mayor Robert Garcia, Harbor Commissioners and senior Harbor Department staff are traveling to several Asian countries, meeting with the Port of Long Beach’s key…

IMO to Review BWM System Type Approval Guidelines

Oct 17, 2014

As proposed by INTERTANKO and its industry partners, the IMO has agreed to commence a review of the ballast water management system (BWMS) type approval guidelines (G8) and at the same time agreed not to penalise those owners who have already…

Sims Joins Torqeedo Global Sales Team

Oct 17, 2014

Continuing to expand its global sales team, Torqeedo added Captain Todd Sims as its new global sales and product manager, hybrid systems. In this position, Sims will lead sales and create opportunities for the company's newest offering, the Deep Blue Hybrid system…

MOL Launches Ship Management, Training Businesses

Oct 17, 2014

Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the company has established MOL Synergy Marine (Singapore) Pte. Ltd. jointly with Synergy Group , a ship management services group in Chennai, India, to provide ship management and crew training services…

SCI onto Gujarat Coastal & Exim Container Trades

Oct 17, 2014

The Shipping Corporation of India Ltd. (SCI), a Government of India Enterprise, hosted an interactive session on Coastal & Exim container trades of Gujarat on 9th October, 2014 at Courtyard Marriott, Ahmedabad.Shri Arun Kumar Gupta, Chairman and Managing Director of SCI…

Ophir CFO Departs, Cost-Cutting cited

Oct 17, 2014

Ophir Energy's chief financial officer, Lisa Mitchell, will leave the company on Nov. 19 after her job was made redundant as part of a cost-saving reorganisation of the board announced in August, the company said on Friday.The oil explorer…

TEN Comments on Tanker Market Conditions

Oct 16, 2014

Crude price drop and dollar strength benefit TEN’s bottom line materially; third quarter financial results to be announced on November 21, 2014Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) said today it believes…

Eagle Bulk Cuts Debt by 80%, Shares Skyrocket

Oct 16, 2014

Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program.The stock was the top percentage gainer on the Nasdaq…

Lumitec Names New VP of Engineering

Oct 16, 2014

Lumitec, an engineering firm solely focused on the development and manufacture of extreme environment LED lighting, has announced  the appointment of Chris Long as VP of Engineering of their R&D/manufacturing headquarters in Delray Beach.Chris…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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