Pacific Drilling announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured first lien notes that mature five years following their issuance, subject to market conditions…
The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy…
The Task force behind efforts to address the lack of gender diversity in the U.K. maritime sector is to launch a new Charter next week.The Charter creates a framework to challenge companies to make progress on diversity, and will be supported…
Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households…
Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Danske Bank…
Oceanic Systems (UK) Ltd has just increased the menu of engine manufacturers which can be selected to present on the company’s sleek single-screen Multiple Engine Displays, claimed a press release from the company.It said that these provide…
The UK is the third-largest maritime trading partner for the port of Antwerp. In order to be fully prepared for Brexit the Port Authority is taking various initiatives including the appointment of a new representative for the UK and Ireland…
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified…
Iridium Communications Inc. announced today that KDDI Corporation, Navarino and NSSLGlobal Ltd., are the newest Iridium Certus service providers for the maritime industry. Iridium Certus will offer a L-band satellite broadband connectivity solution…
France's CMA CGM, one of the world's largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said on Thursday.'The shipping sector is…
Container shipping line Hapag-Lloyd is the first company to receive the “DNV GL Excellence Green Star” certificate in recognition of its compliance with the highest standards in ship recycling.Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, presented the certificate to Hapag-Lloyd COO Anthony J…
Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or…
U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception…
Egyptian container shipping line Transmar said it has leveraged the Port of Adabiya in an effort to strengthen its presence across Middle East and East African routes.With a growing interest in container services and a recovery in the Egyptian economy…
The Internet of Things (IoT) Revolution is making inroads into the global shipping industry, and Danelec Marine plans to play a central role in accelerating that process by removing one of the major barriers to entry.“The critical element in any IoT system is the availability of timely…
