Danfoss Editron has appointed Erno Tenhunen as its new Marine Director. He will lead the company’s marine business, with overall responsibility for sales, the delivery of projects and developing new systems technology at a time when electrification is a hot topic in the global marine industry…
Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined…
Protesters blocked entry to Iraq's main commodities port again on Monday while schools and government offices in many southern cities were shut in response to calls for a general strike.At least 315 people have been killed since the start of mass unrest in Baghdad and southern Iraq in early October…
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation, maritime break-bulk solutions…
The European Bank for Reconstruction and Development (EBRD) said that it is backing the new US$ 600 million five-year bond issued by Mersin International Port, the operator of Turkey’s largest port.The Bank has invested US$ 90million in the issuance…
Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and TradingUnder the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue…
Finnish manufacturer of cranes and lifting equipment Konecranes Oyj has won an order to supply a terminal at Tangier Med Port II with 16 Rubber Tired Gantry (RTG) cranes.The cranes will be delivered in batches with the last ones arriving by mid-July 2020…
ShipMoney, an international maritime payment solution provider, launched a new initiative: ShipMoney Cares. “As a company, it’s very important that we give back to the community that supports us,' said Stuart Ostrow, President, ShipMoney. 'Together with ISWAN…
Condor Ferries, an operator of passenger and freight ferry services between UK and France, has been sold to a consortium including the French shipping company Brittany Ferries.Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF)…
Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa…
Russia's state-owned tanker carrier Sovcomflot (SCF Group) reported improvements on both the top and bottom line in the third quarter benefiting from a stronger tanker market.The energy shipping company posted a net profit of $26m as revenue increased in the third quarter…
Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The Letter of Intent was signed on November…
Stena Line took ownership of its newest ferry Stena Estrid following a handover ceremony at the AVIC Weihai Shipyard in north-western China. Stena Estrid is the first of five next generation Stena Line RoPax vessels that are currently being constructed…
The maritime sector in Scotland directly supports nearly $12.9 billion in turnover and 41,000 jobs according to a new report launched at the UK Chamber of Shipping and British Ports Association Scottish reception.The report by the Center for Economics and Business Research (Cebr)…
Newly-launched US-based cruise line Virgin Voyages has appointed GAC as its UK agent for the vessel Scarlet Lady on her maiden voyage around the British coast early next year.Although the vessel is currently under construction in Genoa, Italy…
