Sergey Frank, President & CEO of Sovcomflot, has been awarded the first-class Pyotr Stolypin Medal. The corresponding order was signed by the Russian Prime Minister Dmitry Medvedev on 4 July 2019 on the eve of the Day of Russian Sea and River Fleet Workers…
The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U…
Russia has launched a complaint at the World Trade Organization to challenge U.S. anti-dumping measures on imports of hot-rolled flat-rolled carbon-quality steel from Russia, it said in a filing published by the WTO on Tuesday.The Russian complaint listed eight separate U…
American Refining Group Inc. (ARG) announced its new partnership with veteran-owned small business Sea Ready Marine Petroleum, as ARG has designated Sea Ready as its global distributor of its refinery’s marine lubricants.Already the largest…
Retlif Testing Laboratories, the provider of EMC/EMI, lightning and Environmental Simulation testing and engineering services for maritime, has received the prestigious Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS)…
APM Terminals has confirmed that its new Vado Gateway terminal, located in the Vado Ligure Port Complex, North Western Italy, will be inaugurated on 12 December this year.With the placement of the terminal’s last caisson this week - an important…
Stolt Tankers B.V. and DESMI Ocean Guard A/S has announced that Stolt Tankers has selected the CompactClean Ballast Water Management System (BWMS) for installation on Stolt Tankers’ existing fleet.The agreement is to provide more than 60 chemical…
“The need for data capacity is constantly increasing and the combination of sufficient reach and high capacity is a challenge,' said Kenneth Påvall, IT infrastructure manager at Rederi AB Eckerö. 'We have now chosen the solution that we believe will provide the best capacity…
NAPA, a maritime software, services, and data analysis provider, has announced the appointment of Tor E. Svensen, Vice President, Marine Technology at Royal Caribbean Cruise Lines to its board. Svensen has previously served as CEO of DNV GL Maritime…
Turkish Shipowners Ballast Water Treatment (BWT) Group has signed a fleet agreement for Alfa Laval PureBallast 3 systems, valued at approximately $22 million. Alfa Laval’s comprehensive offering in ballast water treatment, especially when it comes to service…
Fednav Limited has announced that it has entered into a Development Services Agreement with CargoMetrics Technologies LLC, a maritime innovation company.Under this agreement, the two companies will work in collaboration to build systems and tools to optimize Fednav’s dry bulk fleet…
As North America’s larger ports continue to increase capacity, dredging and air drafts are receiving the attention they deserve. As bigger post-Panamax boxships begin to arrive, none of that means anything unless truck turn times and TEU moves per hour can be improved…
German container shipping company Hapag-Lloyd has decided to implement a global vessel risk surcharge (VRS) following recent maritime incidents in the Gulf of Oman.The container line said that operating costs for its services have increased…
The European Investment Bank (EIB) has signed a EUR 14 million venture loan agreement with Sweden’s Cimco Marine AB to co-finance its innovation and growth investments.As per the unsecured credit facility agreement, the EIB will finance up to…
Cimco Marine AB, the maker of OXE Diesel, the world's first diesel outboard engine in the high-power segment, announced that Per Wigren has been appointed chief technology officer (CTO).The Swedish company said that Per Wigren assumed the role of CTO at Cimco Marine AB on July 1…
