Navios Maritime Partners, an owner and operator of drybulk and container vessels, announced today that it agreed to acquire a 2005-built Panamax Vessel for $12.95 million, with delivery expected in March 2018. It also announced that its board of directors has adopted a distribution policy of $0…
Shipping should start to prepare itself for a future where total emphasis will be placed on the efficient and digitised movement of goods along the supply chain rather than on the individual components of the chain such as the ships themselves…
Struggling commodity trader Noble Group Ltd said it would sell to Bianca Corp a Kamsarmax dry bulk carrier for $24 million in cash. The Hong Kong registered ship has a capacity of 81,499 deadweight tons. Built in 2015, the vessel, Ocean Integrity…
The South Korean government decided to restructure two financially-troubled mid-sized shipbuilders, said a report in Business Korea. While filing for court receivership for the debt-ridden Sungdong Shipbuilding, the government has decided to save STX Offshore and Shipbuilding Co…
The CMA CGM Group, a world leader in maritime transport, is pleased to announce it is reinforcing its offer, starting 2 April 2018, from Indian Sub-Continent, in a partnership with HLC, MSC, COSCO and ONE. With 2 weekly and complementary services…
John W.H. Denton AO – currently Chief Executive Officer of Australian law firm Corrs Chambers Westgarth – has today been elected as the next Secretary-General of the International Chamber of Commerce (ICC).Mr Denton is a legal expert and adviser on global policy…
Bollinger Shipyards President and CEO Ben Bordelon announced the promotions of two key leaders. Jerome Eymard has been promoted to the position of Director of Human Resources, and Rachael Battaglia to the position of General Counsel. Jerome…
Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act…
International Seaways, one of the largest tanker companies worldwide, said it acquired a 2010-built VLCC for $53 million, the Seaways Raffles, which commenced trading in the Tankers International pool, during the fourth quarter of 2017. During the fourth quarter…
Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management. Aalto Shipping Company has acquired to its fleet two modern…
Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area…
Transas CEO Frank Coles' Keynote speech in Vancouver: Enterprise Change You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times…
Birgit M. Liodden has decided to leave Nor-Shipping and the Norway Trade Fair to pursue new opportunities. “Liodden joined us in February 2015, with the mandate to build relevance and visibility across the industry”, says Trade Fair CEO Gunn Helen Hagen…
ShipServ, a maritime e-procurement platform, and IB, a leading provider of technical fleet management software, formally announced their partnership agreement, which will see ShipServ’s e-procurement solution fully integrated with IB’s InfoSHIP maritime software suite…
Montgomery McCracken announced it has named attorneys Robert E. O’Connor and Davis Lee Wright to the firm’s partnership. O’Connor, located in the firm’s New York office, was previously an associate. Wright, who is located in the firm’s Wilmington office…
