Esvagt, the dedicated provider of safety and support at sea, has appointed Peter Lytzen as CEO with effect from 1 September 2018.Peter brings over 30 years’ experience and has held numerous senior positions in the offshore industry. Most recently…
Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers…
ZIM Integrated Shipping Services (ZIM) reported total revenues were $803.2 million in Q2 2018, compared to $745.7 million in Q2 2017, an increase of 7.7%. It carried 772 thousand TEUs, an all-time record (reflecting a growth of 17.1% compared to Q2 2017)…
Mitsui O.S.K. Lines (MOL) announced that the MOL-operated Tokyo International Container Terminal (TICT) reached a major milestone on August 21—a cumulative total of 20 million TEUs handled.The terminal started operations in November 1971, and in December of that year…
Ship Finance International Limited said it has agreed to acquire three large containerships in combination with long term time charters.The vessels were built in 2015 with approximately 10,600 TEU carrying capacity. The company expects to take delivery of the vessels in the near term…
The National Oceanic and Atmospheric Administration (NOAA) and the Cordell Bank and Greater Farallones national marine sanctuaries, off the US Pacific coast, has recognized the Mediterranean Shipping Company’s (MSC) positive work in reducing…
Marco Wirén, M.Sc. (Econ.), has been appointed President of Energy Solutions, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective October 1, 2018.In this position, he is responsible for Wärtsilä's Energy Solutions business globally…
Protection and indemnity club Steamship Mutual P&I Club has been given a licence in Hong Kong by Hong Kong Insurance Authority , its third in the Far East after Singapore and Tokyo.'Hong Kong Insurance Authority has formally authorised the Club to establish a Branch in Hong Kong from 17 August 2018…
For the first time in the history of the cruise company AIDA Cruises, a whole family will christen the newest ship AIDAnova. The Mirza family from Hanau in Hesse was selected from hundreds of applicants by a jury.On August 31, 2018 Sonja and…
Dan-Bunkering has announced that as per September 1, 2018, the group will merge with Sydney based Australia Bunkering Pty Ltd.The Australian company has been in business for more than a decade, managed by Lena Johnston, but will now be rebranded and change name to Dan-Bunkering (Australia) Pty Ltd…
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens…
The Port of Everett hosted a groundbreaking to commemorate the start of construction on the Port’s South Terminal Modernization project – the largest capital project in Port history by dollar value, and the largest maritime construction project on the West Coast…
Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018, as 14 new ships from recent acquisitions boosted earnings.The company posted a net income of USD 4.4 million in Q2 2018…
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarter of 2017.The Norway based dry bulk shipping company has entered into a $120 million…
The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings has reached agreements to exchange existing convertible notes due 2019.DHT Holdings has entered into separate, privately…
