The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published this morning by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 percent of the TTS shares…
The Board of Directors of Triyards Holdings Limited announced that Mr. Yeo Keng Nien has resigned as the Company Secretary of the Company with effect from 15 July 2016.The Board would like to thank Mr. Yeo Keng Nien for his contributions…
Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources. The challenged shipper will begin a new chapter in its 40-year history…
According to the Ministry of Shipping in India, the 12 major ports in the country together handled 159.0 million tonnes of cargo in the first quarter of the current fiscal (April-June 2016-17), against a cargo traffic of 149.74 million tonnes in the similar quarter of the previous fiscal…
The Coast Guard and local police are searching for a missing diver in the Shark River Inlet in the vicinity of Belmar, New Jersey.Watchstanders at Coast Guard Sector Delaware Bay were notified by the Belmar Police department that a 17-year…
The crew of the Coast Guard Cutter Kathleen Moore repatriated 12 Cuban migrants Tuesday and another 21 Cuban migrants Friday to Bahia de Cabañas, Cuba.These repatriations are a result of four separate migrant interdictions at sea within the last week in the south Florida Straits…
Regent Seven Seas Explorer is billed as the most luxurious cruise ship in the world. Her Serene Highness Princess Charlene of Monaco took the role of godmother. Dubbed as the ‘most luxurious ship ever built’, at a whopping cost of $450 million…
Michael Colbruno, a managing partner with the Milo Group of California, has been elected President of the Port of Oakland’s Board of Port Commissioners. The former two-term member and past chair of the Oakland Planning Commission was chosen unanimously by the seven-member Board last night…
Maersk Line is upgrading its ‘Triple Star’ service by launching direct, weekly northbound connections between New Zealand and North East Asian ports. 'We are optimising our ‘Triple Star’ service with the launch of direct, weekly connections between New Zealand and North East Asian ports…
Carnival Corporation & plc today announced the official opening of its Arison Maritime Center, a world-class facility dedicated to providing safety training for its bridge and engineering officers responsible for the navigation and operation of the company’s fleet of cruise ships…
The captain and first officer of an ocean going tug boat have been found guilty of drug trafficking following the biggest ever U.K. seizure of class A drugs, the country’s National Crime Agency (NCA) announced. The cocaine, worth an estimated…
LUKOIL Marine Lubricants has opened a new branch office in Hong Kong to tap into an increasing market share in Hong Kong and the greater China area. The official opening ceremony was held on Friday, May 27, 2016, and was attended by more than 50 guests from Hong Kong and Taiwan…
In a move to strengthen its senior management structure, The Indian Register of Shipping (IRClass) has made significant changes at its top level.As a part of its organizational restructuring exercise, IRClass has decided to realign the position…
The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation…
South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT) in Vietnam to its affiliate in order to secure liquidity. The financially-troubled shipping line will raise about $33m from the sale…
