South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency. SHI unveiled a self-restructuring…
Japan’s Emperor Akihito and Empress Michiko paid a visit to the NYK Maritime Museum in Yokohama on July 17, 2017, a national holiday known as Marine Day.Yasumi Kudo, NYK Chairman and Tadashi Abe, director of NYK Maritime Museum greeted the Imperial couple and Hakuei Wakiya…
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei. The report said that the three companies are expected to post a group pretax profit for April-June…
Mitsubishi Nichiyu Forklift announced that it will conduct the operational integration with its consolidated subsidiary UniCarriers Corporation and change its company name to 'Mitsubishi Logisnext. Mitsubishi Nichiyu already announced its intention to perform the operational integration…
On Tuesday, July 11, Damen hosted a dredging seminar in Dhaka, Bangladesh attended by more than 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions…
South Carolina Ports Authority moved a record 2.14 million twenty-foot equivalent units in fiscal year 2017, an increase of 10 percent over the previous year’s container volumes. Highest-ever June volumes of 183,237 TEUs gave SCPA a strong finish to its fiscal year…
South African state-run transport and logistics company Transnet said on Wednesday it had suspended senior officials after external auditors flagged 'reportable irregularities' to their regulatory body. Transnet's admission comes a day after…
HSH syndicate, comprising HSH Nordbank and DBS Bank, has approved the sale of the remaining nine of 14 vessels of Singapore-based Rickmers Trust Management for some $54 million to Navios Partners Containers and Navios Partners Containers Finance…
India's largest container port Jawaharlal Nehru Port Trust (JNPT)registered a growth of 5.11 per cent in container traffic in the first quarter of 2017-18. According to a press statement, the JNPT handled 1.20 million TEUs in the first quarter of the current financial year as compared to 1…
Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman.Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME)…
Tideworks Technology Inc., a full-service provider of terminal management and planning software solutions, announced that Thomas J. “T.J.” Rucker will assume the role of president effective September 1, 2017, succeeding retiring president Michael Schwank…
SUNY Maritime College physician assistant Danielle Camenzuli has been appointed by the Secretary of the Department of Homeland Security to the U.S. Coast Guard’s Merchant Mariner Medical Advisory Committee. The committee is responsible…
The past couple of months have been chock-a-block full of maritime activity in the international container trades. As the Big-3 Japanese Lines remain still on track to spin-off their container business units into a single standalone container carrier company…
BOURBON entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the world’s first autonomous, fully-automated prototype vessel for offshore operations, in collaboration with the project’s primary technology partner…
The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ('K' Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled…
