Moody's Investors Service has changed to stable from negative the outlook on the B2 corporate family rating (CFR), the B2-PD probability of default rating (PDR) and the Caa1 senior unsecured rating of Hapag-Lloyd AG. Concurrently, Moody's has…
National Oilwell Varco Inc., the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments. It plans to cut 900 permanent jobs and 600 contractors…
Coast Guard Oregon Inlet crew members and Dare County EMTs came to the aid of an injured woman Tuesday after the boat she was on ran aground southeast of Wanchese.Personnel at Coast Guard Station Oregon Inlet received a report Tuesday…
Three stranded mariners adrift in the Torres Straight have been rescued thanks to the crew of a Royal Australian Air Force AP-3C Orion maritime patrol aircraft.Following a request from the Australian Maritime Safety Authority, the Orion…
The annual Terminal Operators Conference (TOC) in Europe was held June 9-11 in Rotterdam with over 4000 people attending the conference supply chain sessions, Tech TOC, Bulk TOC venues and exhibits. Alex Duca, head of design and automation for APM Terminals called for a sensor revolution…
PETRONAS achieved another milestone with the official steel cutting of its second floating liquefied natural gas facility, the PETRONAS Floating LNG2 (PFLNG2) in a ceremony held on 11 June 2015 at the Samsung Heavy Industries (SHI) Shipyard in Geoje Island…
Norstar Ship Management, the Singapore-based ship manager, has opened a crewing office in Yangon, Myanmar named “Norstar Crew Management Company Limited”. The office was formally opened by Mr Muang Muang Oo, Myanmar’s Director General of…
Holland America Line has promoted Gerald Mosslinger to vice president, food and beverage, as part of the renamed Guest Experience and Product Development Department that was formerly the Marine Hotel Operations Department. The cruise line…
Ceona, a London-based SURF contractor with deep-water subsea construction capabilities, has announced that the company's executive vice president commercial and business development, Mark Preece, has been appointed as Chief Executive Officer (CEO)…
The Nautical Institute informs it is is enhancing its sector management structure with the creation of a new role with overall responsibility for business development, personnel and product management of a key department, reflecting the increasing demand from industry for training services…
Royal Alfred Seafarers’ Society Marks Milestone Anniversary at AGM.Lord Mayor of the City of London, Alan Yarrow, joined maritime charity, the Royal Alfred Seafarers’ Society to celebrate its 150th anniversary at its AGM held at the Mansion House in London…
Ceona, SURF contractor with deepwater subsea construction capabilities, has announced that the company’s executive vice president commercial and business development, Mark Preece, has been appointed as Chief Executive Officer (CEO).Preece takes over from current CEO…
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last…
Sailors from the Kearsarge Amphibious Ready Group (KSGARG) and Marines assigned to the 26th Marine Expeditionary Unit (MEU) kicked off the KSGARG/MEU Exercise (ARGMEUEX) in the waters east of of the United States June 13.The KSGARG comprises Amphibious Squadron (PHIBRON) 4…
Maritime security operations by Australian and New Zealand frigates operating in the Middle East region during the past six weeks have seized almost a tonne of narcotics worth an estimated street value of $711 million. Royal Australian Navy Guided Missile Frigate…
