Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and…
After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean…
The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on 'Thought Leadership' in the marine power sector. Here we extract and present the interview with Rolf Stiefel, Vice President Sales, Winterthur Gas & Diesel Ltd…
Qatargas’ Al Safliya recently transited the Panama Canal, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit the waterway.The tanker–which measures 315 meters in length and 50 meters in beam with an overall cargo capacity of 210…
Cruise Ship Interiors Expo, a focused event dedicated exclusively to interior design, architecture, and outfitting for the cruise industry, announced its first conference session to kick off the inaugural two-day event. Professionals at the…
KVH Industries, Inc., (Nasdaq: KVHI) sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments…
HudsonAnalytix, announced that Admiral Thad Allen, U.S. Coast Guard retired, has joined their operation as a Senior Executive Advisor.Admiral Allen served as the 23rd Commandant of the Coast Guard from 2006 to 2010. He will be focusing on risk…
Switzerland-headquartered geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry…
Wilhelmsen Ship Management (WSM), a global maritime industry group, headquartered in Lysaker, Norway, is taking measures to reduce plastic waste from its ships enforcing new criteria for its vendors in its selection process, as part of their commitment to make maritime trade sustainable…
The United States has imposed sanctions on two shipping companies and two tankers involved in trade with Venezuela, the U.S. Treasury Department said on Friday.The two companies are based in Marshall Islands and Liberia, and both tankers have Panama flags…
German terminal operator Hamburger Hafen und Logistik AG (HHLA) revenue increases by 10.3 % in the first quarter of 2019, despite a challenging market environment, said the company.Container throughput increased slightly, partly due to the successful…
APL has announced that the Japan Thailand Vietnam (JTV) service is extending its port rotation to the Philippines and within South China. The refined service will be calling three additional ports in Manila, Shekou and Nansha as part of its service rotation…
The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean…
Huntington Ingalls Industries’ Ingalls Shipbuilding division hosted a signing day ceremony on Tuesday for the 2019 graduates of its Shipbuilder Academy program. Twenty-six high school seniors were offered full-time positions at Ingalls after…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, recently recognized Chairman and CEO Tom Crowley Jr. and Crowley Maritime Corporation for more than 30…
