Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday.STX Europe belongs to Korean STX. The Turku…
Over the past three years, DELO Group, a Russian private transport company, has implemented an investment program, including rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products…
The International Association of Classification Societies (IACS) has updated its forward strategy and work plan for the upcoming year at its 69th Council meeting held in Santa Margherita, Italy, chaired by Roberto Cazzulo, Chairman of RINA Services and outgoing IACS chairman…
'Garnishment' is the legal term relating to the collection of a monetary judgement on behalf of a claimant from a defendant. In the Philippines, this routinely occurs before the case has concluded and is central to the UK P&I Club Members' many concerns relating to crew claims in this jurisdiction…
The U.S. Merchant Marine Academy Alumni Association and Foundation (AAF) announced the upcoming induction of former U.S. Merchant Marine Academy (USMMA) Athletic Director, Sue Petersen Lubow, into the USMMA Athletic Hall of Fame. She will be the 107th person to be inducted…
Dan-Bunkering (Monaco) S.A.M. announced that Lefty Charalambopoulos has been appointed as Bunker Trader.Lefty was born and raised in Athens, Greece, with a resumé which exceeds over 10 years of experience within the real estate industry…
Seakeeper announced the appointment of three new regional sales managers. In the U.S., Mark Taiclet and Grant Haugen will oversee the Southeast and West coast areas, respectively. Tanja Lutz will handle sales in Northern Europe. All will focus on both commercial and leisure markets…
On Friday June 20, Fendercare Marine opened the doors of its Great Yarmouth base, showcasing its expansion of products and services over the last two years. The Fendercare Marine Open Day attendants included a range of existing and new customers…
Governor Bobby Jindal appointed south Louisiana businessman and entrepreneur Laney J. Chouest to the Board of the Commissioners of the Port of New Orleans. Chouest, who was sworn in during today’s Board meeting, will serve a five-year term, succeeding Joseph F…
EXMAR NV today announced that it has closed a $114 million (NOK 700 million) senior unsecured bond issue due in July 2017. All interest and principal payments have been swapped into U.S. dollars at an all in fixed interest rate of 5.72%. The…
The part reserved to institutional investors in the initial public offering of Italian shipbuilder Fincantieri was still not fully covered as of Wednesday evening, two sources close to the matter said on Thursday.The company is likely to…
States Domestic Maritime’s Commitment to Meeting Transportation Needs of Changing Energy EconomyAppearing before the American Petroleum Institute’s Tanker Conference in Austin, AWO President & CEO Tom Allegretti affirmatively stated that…
Imtech Marine and Caledonian Maritime Assets Ltd (CMAL) have won the Electric & Hybrid Propulsion System and Supplier of the Year Awards at the Electric and Hybrid World Expo, held in Amsterdam.Rotterdam-headquartered Imtech Marine was asked by Ferguson Shipbuilders in Scotland…
Some 650 dignitaries, customers and industry stakeholders joined DNV GL, ship classification society and risk and sustainability service provider, for a night in Hamburg. Held at the Fischauktionshalle Halle, the event celebrated the 150th anniversary…
Thousands of international maritime experts met this past week at the Terminal Operations Conference and Exhibition (TOC Europe) to discuss recent industry developments. Fraunhofer CML was represented at the three-day conference, presenting its new study…
