The Los Angeles Board of Harbor Commissioners has approved a $1.17 billion fiscal year (FY) 2016/17 annual budget for the Port of Los Angeles. As in years past, budget allocations closely align and support the four key objectives of the Port’s 2012-2017 Strategic Plan…
The 29 countries party to the Antarctic Treaty unanimously agreed today to a resolution at the 39th Antarctic Treaty Consultative Meeting (ATCM) stating their “firm commitment to retain and continue to implement…as a matter of highest priority” the ban on mining activities in the Antarctic…
After an extensive national search, the Port of Seattle has promoted Elizabeth Leavitt to lead its work to protect and enhance the environment. The Senior Director for Environment and Sustainability is a newly created position leading a center of expertise that consolidates environmental…
The Shipping Corporation of India Ltd (SCI), India’s largest shipping company and a Government of India Public Sector Undertaking, has nearly doubled it’s net profit to Rs. 377.29 Crores for the year ended 31st March 2016 as against a net profit of Rs…
The Middle East container shipping group United Arab Shipping Co. (UASC ) met with shareholders at the company's corporate office in Dubai to discuss a possible combination with German rival Hapag-Lloyd, but no decision was finalized. According to sources…
The Coast Guard repatriated 153 Cuban migrants to Bahia de Cabañas, Cuba, Wednesday.The crew of the Coast Guard Cutter Kathleen Moore repatriated 78 Cuban migrants and the crew of the Coast Guard Cutter Raymond Evans repatriated 75 Cuban migrants…
Frontline Ltd. ('Frontline'), today announces the formation of Suezmax Chartering, a commercial joint venture with Diamond S. Shipping LLC and Euronav NV. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels…
Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the…
DP World Group Chairman and CEO, Mr Sultan Ahmed Bin Sulayem has met the President of Somaliland, Mr Ahmed Mohamed Mahamoud, during a visit to the country following the signing of a term sheet agreement in Dubai earlier this month to invest in the multi-purpose Port of Berbera…
On 10 May 2016 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2015 has been determined at EUR 1.60 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash…
Korea Times says that Hyundai Merchant Marine (HMM) will join a new global shipping alliance, as the cash-strapped shipper has successfully reached a debt-rescheduling deal with its bondholders. HMM announced that it has reached a resolution…
AKD has appointed Annemieke Spijker a partner in its Transport & Energy team with effect from 1 June, 2016. Spijker joined AKD in July 2006, and became a member of the firm’s industry-leading Transport & Energy team in January 2008. She…
The Port of Palm Beach District is proud to announce that Fitch Ratings has revised the Rating Outlook on approximately $9.72 million of outstanding Port of Palm Beach District port revenue bonds, series 2005, from Stable to Positive. The report…
Rickmers-Linie, the Hamburg based liner service specialist for breakbulk, heavy lift and project cargoes takes over the activities of tramp and chartering specialist Nordana Project & Chartering with offices in Copenhagen, Bangkok, Singapore and Houston…
Petrobras reports that it has received the letter of resignation of Mr. Aldemir Bendine the functions of a member of the Board of Directors and President of the Company today. In addition, Mr. Bendine also resigned today, the office of member…
