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People & Company News

 

Interview: Cory Wood, VP, Bristol Harbor Group

Oct 31, 2019

Born at the University of Michigan in the early 1990s, Bristol Harbor Group (BHG) has grown into a diverse and widely respected naval architecture and marine engineering firm. Cory Wood, Vice President and one of the four co-founders of BHG…

Greensea Expands Workforce

Oct 31, 2019

Greensea, creator of OPENSEA, the universal open software architecture for the marine industry, recently added three key personnel to its team to address current and future growth and to support its core business strategies. Positions have been…

Bray Joins Furuno USA

Oct 31, 2019

Furuno USA has announced the hiring of Matt Bray as a new Sales Associate for the Southeast region. A 2010 graduate of Fairleigh Dickinson University, Bray comes to Furuno with a background in marine electronics and electronics system installation…

Vessel Op Costs to Rise in 2019 and 2020

Oct 31, 2019

International accountant and shipping adviser BDO said total operating costs in the shipping industry are expected to rise by 2.5% in 2019 and by 2.7% in 2020.Responses to the firm’s latest annual Future Operating Costs Survey revealed that…

Mackay Marine Acquires ChartCo’s Compass Business

Oct 31, 2019

Mackay Marine has acquired ChartCo’s Compass Services’ comprehensive magnetic compass business, effective October 9, 2019. This includes personnel, field service kits, compass calibration & repair laboratory, tools & equipment, compass & spare parts inventory…

China to Proceed with US Trade Talks as Planned

Oct 31, 2019

China's commerce ministry said on Thursday that Beijing and Washington will proceed with the bilateral trade negotiations according to plan and that the talks are progressing well.The ministry, in a statement, said the two sides remain in close…

E&P Companies Struggle on RoI

Oct 31, 2019

International  exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…

Naval Group, Fincantieri JV Named NAVIRIS

Oct 31, 2019

French shipbuilders Naval Group and Italy's Fincantieri announced the name of the 50/50  joint venture NAVIRIS.The name was presented during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy)…

MasterCraft Boat Appoints Frederick Brightbill as CEO

Oct 30, 2019

MasterCraft Boat Holdings announced that its Board of Directors has appointed current Board Chair, Frederick A. Brightbill, as Interim Chief Executive Officer, effective immediately.Brightbill’s appointment follows Terry McNew’s decision to step down as President…

Grindrod Announces Finance Arrangement

Oct 30, 2019

Grindrod Shipping Holdings, a global provider of maritime transportation services in the dry-bulk and product tanker sectors, announced a number of transactions relating to a new financing arrangement, its fleet and share repurchases.'Further…

USMI, Brunswick Enter into MOU

Oct 30, 2019

United States Marine, Inc. (USMI) and Brunswick Commercial and Government Products (BCGP) are pleased to announce they have entered into a Memorandum of Understanding to explore potential business opportunities.USMI and BCGP have a history of…

Maersk Join Forces to Develop LEO

Oct 30, 2019

A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone…

Changes to Volvo Penta Executive Group Announced

Oct 30, 2019

After 26 years with Volvo and 7 as President of Volvo Penta Americas, Ron Huibers has decided to retire from his current role and move to another role within Volvo Penta. Succeeding Ron will be Martin Bjuve, currently CFO and SVP Business Office Volvo Penta…

Ørsted to Divest Stake in NJ OWP to PSEG

Oct 30, 2019

Danish wind developer Ørsted A/S will enter into exclusive negotiations for Public Service Enterprise Group  (PSEG) to potentially acquire a 25% interest in the proposed 1,100-MW Ocean Wind project.Subject to negotiations toward a joint venture agreement…

PoLB Names Heather Tomley as MD

Oct 29, 2019

Port of Long Beach (PoLB) informed that the Long Beach Board of Harbor Commissioners voted unanimously to promote Heather Tomley, a widely respected Southern California leader in environmental improvement programs, to Managing Director of Planning and Environmental Affairs for the Harbor Department…

Logistics News

Xeneta Shares Weekly Ocean Container Shipping Market Update

Xeneta Shares Weekly Ocean Container Shipping Market Update

Cocoa Futures Drop While Sugar, Coffee Steady

Cocoa Futures Drop While Sugar, Coffee Steady

Maersk Orders 26 Large Containerships in Fleet Renewal

Maersk Orders 26 Large Containerships in Fleet Renewal

October Deliveries of Aramco Crude Halted to Some European Refiners

October Deliveries of Aramco Crude Halted to Some European Refiners

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