The Port of Vancouver USA supported more than 24,000 jobs in the region in 2018, an increase of nearly 4,000 jobs since 2014, according to an independent analysis by Martin Associates. The study calculated the economic benefits tied to the…
The Netherlands-based tank storage company Royal Vopak has completed the divestment of its terminals in Amsterdam and Hamburg to First State Investments. The divestment was announced on 5 April 2019.The total agreed transaction value of the…
NYK has conducted the world’s first Maritime Autonomous Surface Ships (MASS) trial performed in accordance with the IMO’s Interim Guidelines for MASS trials* as the company begins tests to realize its target of manned autonomous ships** for safer operations and a reduction in crew workload…
With the successful start an important milestone has been reached in the execution of the contract to operate the tugboat fleet for Fortescue Metals Group (Fortescue) in Port Hedland, a bulk export port on Australia´s west coast. The fleet consists of eight new ART 85-32W and one RT80-32 Rotortugs…
Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million…
Oceans X is a new web-based platform that allows a wide variety of users such as port agents, bunkers suppliers, port chandlers, port authorities, banks and others to track and monitor tankers and dry cargo vessels globally and in real-time…
Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that…
EOLOS Floating Lidar Solutions, a start-up supported by EIT InnoEnergy, has completed a significant capital injection by the entity of the Swiss investment company Prorsum AG.Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as “a significant closing for EOLOS…
The maritime classification society American Bureau of Shipping (ABS) celebrated International Maritime Organization’s (IMO) World Maritime Day with a month of activity putting women in the spotlight to inspire current employees as well as future generations of mariners…
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…
