The Greece-based global bunker fuel and marine lubricants trader Shipoil has appointed Inatech, a unit of Glencore, to digitalize its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits…
Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…
Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further…
French offshore services giant Bourbon Corporation's existing liabilities amount to 900 million euros, or just over $1 billion, according to sources. It is is in serious danger of bankruptcy now that a group of creditors has demanded immediate payment of outstanding debt…
The deep-sea port and adjacent free zone in the Middle East, SOHAR Port and Freezone recently entered into a Service Level Agreement (SLA) with Sohar University and Qualies (the Organization for Quality and Innovation Strategies).The collaboration…
The crew of the Coast Guard Cutter Steadfast (WMEC-632) is scheduled to offload more than 26,000 pounds of seized cocaine in San Diego Friday.The cocaine, worth an estimated $350 million, was seized in international waters of the Eastern Pacific Ocean…
Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit…
French liquefied natural gas (LNG) containment system specialist GTT has posted a strong first-half order intake at the end of June corresponded to revenues of 713 million euros over the 2019-2022 period in its core business, which excludes LNG vessel propulsion systems and related services…
NYK-Fil Ship Management, the provider of qualified Filipino seafarers to international-going vessels of NYK Line, held a ceremony in Manila to celebrate the 30th anniversary of the company’s establishment and the completion of a renovation of the head office…
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure…
Lloyd’s Maritime Academy announced that people living and currently working in Hong Kong’s maritime sector can benefit from an 80% refund on nine of its courses as part of the Maritime and Aviation Training Fund (MATF) introduced by the Hong Kong Maritime and Port Board…
MTC Logistics (MTC), along with officials from the Alabama State Port Authority, Alabama Department of Commerce and elected officials, broke ground on MTC’s 12 million cubic feet international temperature-controlled distribution center. MTC…
South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…
The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries from the industry.The agency of the government of Panama responsible for the…
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics park in East Java.It is the first joint venture of its kind in the Indonesian…
