South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has revealed an additional self-restructuring plan amid the falling shipbuilding orders. The company’s creditors, led by the state-run Korea Development Bank, will…
Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement. Workers at a port terminal in Le Havre…
Nominations are now being accepted for the 2016 SHIPPINGInsight Award. The annual award will be presented at a gala luncheon on the opening day of the fifth SHIPPINGInsight Fleet Optimization Conference & Exhibition, Oct. 18, in Stamford, Conn…
Ardent, formed just over a year ago as a merger of A.P. Moller-Maersk’s Svitzer Salvage and Crowley’s Titan Salvage, has been issued the ISO 9001:2015 Certification for its Quality Management System for Preparedness, Emergency Response, Wreck Removal…
50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry. The revolution reached Germany 50 years ago…
Towing Vessel Inspection Bureau Holds Annual Membership Meeting; Elects New Leadership and Votes to Proceed with a Third Party Organization Application to the Coast Guard Members of the Towing Vessel Inspection Bureau (TVIB), the recognized professional trade organization of marine auditors…
A Coast Guard boat crew responded to a 21-foot cuddy cabin taking on water with four people aboard Saturday approximately 25 nautical miles east of Salisbury Beach. Coast Guard Sector Boston watchstanders received report of the sinking boat…
Malaysian Bulk Carriers Bhd (Maybulk) is said to be putting two more vessels up for sale, says The Edge, a local media. This comes on the heels of reports that it has sold one of its five post-Panamax dry bulk carriers — the 87,000-deadweight tonne (dwt) Alam Pesona — for US$6…
The Coast Guard rescued a man from a cliffside near Sunset Bay State Park, in Charleston, Friday afternoon.The man was hoisted by an MH-65 Dolphin helicopter aircrew from Coast Guard Air Station North Bend and safely transported to the air station were he was released without injury…
Global trade enabler DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem spoke at China’s Belt and Road Summit in Hong Kong this week highlighting the need for better international cross-sector connectivity in order to realise the significant trade potential…
Four students from Massachusetts Maritime Academy (MMA) have been awarded Crowley Maritime Corp.’s Thomas B. Crowley Sr. Memorial Scholarships. Chosen based on their academic achievement, financial need and plans to pursue a career in the maritime industry…
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates…
The Board of Minesto AB has appointed Dr. Martin Edlund, since February acting CEO, as CEO of Minesto. Edlund took over as acting CEO of Minesto in February this year, when Anders Jansson chose to leave his position. Over the past six years…
A little-known annual American commemoration is coming up again on May 22 - National Maritime Day. It was declared by Congress in 1933 to call attention to America’s proud maritime heritage and to honor the men and women who serve and have served as U…
Inchcape Shipping Services (ISS) has demonstrated its continued commitment to compliance with the appointment of Karen Moore as Global Compliance Officer. Karen joins from financial markets and technology company, NASDAQ, where she was Associate General Counsel…
