Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry…
The 12th International Marine Design Conference (IMDC) was held in Tokyo from May 11-14, hosted by The Japan Society of Naval Architects and Ocean Engineers, and sponsored by The Shipbuilders' Association of Japan and ClassNK. IMDC is a…
Hempel kicked off the group’s centenary celebrations and invited customers from Greece, Bulgaria, Cyprus and Romania to a party in Athens’ Acropolis Museum on Saturday, May 9. Hempel has had a permanent presence in Greece since 1952 as Hempel Hellas General Manager…
The Navy's 2014 Sailors of the Year (SOY) were meritoriously advanced to chief petty officer during a ceremony held at the Navy Memorial, May 14.Chief of Naval Operations Adm. Jonathan Greenert served as guest speaker at the pinning ceremony…
Volvo Penta is the official engine supplier for the 2014-2015 Volvo Ocean Race, which is having its North American stopover in Newport, R.I., this week. “The Volvo Ocean Race serves as a crucible for developing and testing new technologies that will benefit the entire marine industry…
Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015.Key Highlights:· Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015. Existing operational terminal with no gestation period…
16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificates to the students at a ceremony held in PSA Building in Singapore today…
Greece Economy Minister George Stathakis said that his government is dropping its opposition to selling off the Piraeus Port Authority SA. A sale of the Piraeus Port would be a reversal on the part of Greece’s Syriza party-led government…
Huntington Ingalls Industries (HII) announced the appointment of two vice presidents at its Ingalls Shipbuilding division. George Jones has been appointed vice president of operations, and Tim Farrell has been appointed vice president of new Navy programs…
Seatronics Ltd., an Acteon company and part of its survey, monitoring and data business, has promoted Phil Middleton from deputy managing director to group managing director. Middleton will be responsible for managing and developing Seatronics’…
Ed Davis, an industry veteran and longtime employee at Furuno USA, Inc., passed away on April 30. Ed was Furuno USA’s Mid-Atlantic Regional Manager since September 1992, working closely with dealers who he not only called customers, but his friends…
A federal grand jury in Mobile, Alabama, has returned a seven-count indictment charging Det Stavangerske Dampskibsselskab AS (DSD Shipping) and four employees with violating the Act to Prevent Pollution from Ships (APPS), conspiracy, obstruction of justice and witness tampering…
Global broker and trader in marine bunkers, marine lubricants and risk management products KPI Bridge Oil has promoted Brian Coyne to managing director at its New York office. Coyne recently completed his MBA at New York University and has been with KPI Bridge Oil for more than 10 years…
After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry.Reed is part of the baby boomer generation that forms the backbone of the U.S. oil workforce…
BP has appointed John Sawers, former head of Britain's MI6 secret intelligence service, to its board as a non-executive director, the energy company said on Thursday.Sawers completed a 5-year tenure at the head of MI6 in November 2014 and…
