STX Offshore & Shipbuilding may be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation, says a report in Korea Times quoting local court. Last month, STX Shipbuilding, once Korea's No. 4 shipbuilder…
Prosecutors on Sunday sought the arrest warrant of the ex-chairman of Hanjin Shipping, who has been hit with insider trading charges, says Yonhap. Choi Eun-young is specifically charged with violating the Financial Investment Services and Capital Markets Act…
An Op-Ed issued by the Lake Carriers’ Association, American Great Lakes Ports Association and Great Lakes Maritime Task Force addresses the “exaggerations and inaccuracies” surrounding the Vessel Incidental Discharge Act (VIDA), and explains…
Sri Lanka’s Ministry of Ports and Shipping has issued guidance on the implementation of the SOLAS VI Regulation 2 amendment that requires the verification of gross mass in packed containers (Container Weight Verification) with effect from 1 July 2016…
ABS has published the ABS Guidance Notes on the Development of Procedures and Technical Manuals, providing clients with best practice methodologies for developing instructional materials.“Input from ABS clients and maritime industry groups…
France’s CMA CGM now holds over 78 percent of the shares in Neptune Orient Lines (NOL), bringing it closer to taking the Singapore company private. CMA CGM currently owns approximately 78.07% of all NOL shares, and does not intend to preserve the listing status of NOL…
New Zealand based fishing company Talley’s Group Ltd. has been fined $73,520 and ordered to pay $21,000 in reparations to the family of a crewman killed in an on-board accident in July 2014. The 24-year-old crewman Leighton Muir was decapitated…
ABS, a leading provider of classification services to the global marine and offshore industries, has completed a project with a group of leading Greek shipowners to support preparations for implementing the European Union’s Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions…
Another ocean freight executive has been indicted for participation in a long-running conspiracy to restrain trade in international ocean shipments of roll-on, roll-off cargo to and from the Port of Baltimore and elsewhere in the United States…
The Navy is bringing warrant officers back to Naval Oceanography in 2018 after a 28-year hiatus.In late March, the Navy Personnel Command released the message, NAVADMIN 079/16, reestablishing the program and at the same time disestablishing the Oceanography Limited Duty Officer (LDO) Program…
Braemar Shipping Services Group PLC is pleased to announce that Sheila McClain, Executive Vice President of Braemar Engineering, has been appointed Braemar Engineering's new Managing Director. Sheila will continue to be based in Houston, Texas…
CMA CGM has finally made its all-cash voluntary conditional general offer for all the outstanding shares of Neptune Orient Lines (NOL). This follows approvals by the relevant regulatory authorities in the European Union and China. The offer price is SGD 1…
Indonesian Maritime Affairs and Fisheries Minister Susi Pudjiastuti has said Jakarta was ready to sink 30 foreign-flagged vessels caught fishing illegally in Indonesian waters, following a schedule being arranged by the authorities, says the Straits Times…
The Liberian Registry, in partnership with Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has launched an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate…
Pilbara Ports Authority has delivered a total monthly throughput of 53.6 million tonnes (Mt) for the month of May.This is an increase of 2% from the same month in 2015.The Port of Port Hedland achieved a monthly throughput of 39.8Mt…
