Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its 'materially weaker' liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3…
The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…
Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products…
Svitzer has appointed Arjen Van Dijk as Chief Commercial Officer (CCO) for the Americas region.With more than 15 years in global shipping and transportation, the 43 year old Dutch maritime professional brings to Svitzer extensive knowledge and insights…
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted 'Offshore…
Independent shipbrokers McQuilling Partners, Inc. and IFCHOR has announced the formation of McQ-IFCHOR SA, a joint venture focused on the Latin American dry bulk chartering and advisory services.McQ-IFCHOR SA will be led by Jean Magot from McQuilling's Lima…
Today is the celebration of International Maritime Organization (IMO) World Maritime Day, where the 2019 theme is “Empowering Women in the Maritime Community“.This raises awareness of the importance of gender equality, in line with the United Nations’ Sustainable Development Goals…
A new two-year study from researchers at Solent University entitled, ‘The Effective Crew Project’[i] has highlighted that stable crewing can improve safety, wellbeing and financial outcomes.The research examined the benefits and challenges of…
A majority of ballast water management system (BWMS) installations are slated to take place in 2022 in line with requirement deadlines under the Ballast Water Management Convention (BWM Convention), presenting potential supply and bottleneck challenges according to classification society ClassNK…
Following the announcement of the grant awards to certain English ports from the Department for Transport the British Ports Association has suggested further funding might be needed across the ports and logistics sectors in a no deal scenario…
The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit…
Italian oil and gas giant to collaborate with global wind and solar developer Mainstream Renewable Power (MRP) for an offshore wind campaign that will begin in the UK.The Eni partnership will focus on clean energy projects in the UK, as well as Africa and Southeast Asia…
The international container terminal operating company headquartered in The Hague, APM Terminals said that its terminal at Aarhus, Denmark has broken records for reefer volumes, despite murmurings of global downturns. The company attributes it’s growing reefer business to its flexible approach…
Port of Hamburg Marketing successfully takes part in tenders for EU- and nationally funded projects, together with members and partners from science, business and administration.Focus is put on current issues of transport policy, transport and…
29 companies have applied for investment in the Shahid Beheshti Port of Chabahar, Iran, in the first six months of this year.Behrouz Aghaei, Director General of ports and maritime of Sistan and Baluchestan, said that Chabahar Port, as the country's…
