The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016. The net Profit was $11 million, compared to…
Norwegian Offshore service provider Oceanteam said that in order to mitigate against further repercussion against the company and to diffuse the misinformation that is circulating currently, Chairman of the Board Hessel Halbesma offered his…
North P&I Club sponsored the Northern Stage’s production of ‘The Last Ship’, and support Newcastle’s vibrant culture and maritime connections. ‘The Last Ship’ tells a powerful story of community and social history, centring upon the demise…
Tuomo Valkonen, M.Sc. (Econ), has been appointed as the new Chief Financial Officer (CFO), Evac Group, effective as of May 1, 2018. He will be based in Espoo, Finland, and report to Tomi Gardemeister, President and CEO of Evac Group. Valkonen…
On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018.The Trump administration…
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations…
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG. GasLog Partners and GasLog announced that they have approved entering into…
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica, Florida & Canada. 'ZIM is pleased to announce a change…
Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience…
Forth Ports, the UK’s third largest ports group, has appointed Ann Rooney as its new Business Development Manager to focus on oil and gas support and decommissioning activity for Scotland. Ann is a senior executive experienced in business development and operational functions within the shipping…
A new short-sea container service between Amsterdam and Hull will be formally inaugurated today (21 March 2018) with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT).The new service, operated by leading short sea container operator Samskip…
It’s been called the most logistically challenging relief effort the United States has ever managed. When nearly Category 5 Hurricane Maria struck Puerto Rico, it left a wake of destruction that residents and emergency responders are still reckoning with…
VesselMan announced the appointment of Glenn Edvardsen as its new CEO effective March 1, 2018.Prior to joining VesselMan, Edvardsen held a position of VP and Head of shipping at StormGeo. The master mariner shipping and marine industry has been a part of his life for the last 20 years…
German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany. 'The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector…
Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016…
