The US Navy released updates to the Special Duty Assignment Pay (SDAP) for eligible enlisted Sailors in NAVADMIN 120/16, May 25.The SDAP program enhances the Navy's ability to size, shape and stabilize the force by encouraging qualified…
GOST (Global Ocean Security Technologies), a world leader in marinesecurity, tracking, monitoring and video surveillance systems, announced today that it has partnered with Phantom Rescue in its fight against child trafficking. Phantom Rescue…
US-based FedEx Corp. completed its €4.4 billion ($4.9 billion) acquisition of Dutch TNT Express, , with integration of the companies to start immediately. The companies say customers will interact with each company as they always have and once the integration is complete…
South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead creditor Korea Development Bank said on Wednesday.STX Offshore's creditors…
With new rules regarding the declaration of the accurate gross mass of a packed containers due to enter force, the International Maritime Organization (IMO) answers the industry’s frequently asked questions (FAQ). What are the new rules…
Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC Group) giving formal notice of its intention to commence arbitration proceedings…
International law firm Hill Dickinson has appointed lawyer Patric McGonigal to its commodities team. McGonigal joins the firm’s London office from Hogan Lovells, Tokyo where he spent more than four years as head of the Tokyo international disputes team…
The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer. Economy minister Alexei Ulyukayev was quoted by local Russian news agencies as…
At a meeting of the IMO's Maritime Safety Committee (MSC), it was recognised that ships may also be exposed to so-called cyber-attacks.Now, the IMO wants to prevent hostile attempts to interfere with electronic systems in the maritime industry…
The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio acquisition and is investing a substantial amount itself. The portfolio consists of thirteen feeder ships of between 800 and 1…
On Thursday, May 19, 2016, the Port of Palm Beach Board of Commissioners agreed to exclude funding for a proposed U.S. Army Corps of Engineers Lake Worth Inlet navigational improvement project from the port’s Master Plan Update.The ACOE project…
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…
South Korea's largest shipping line Hanjin Shipping said bondholders agreed to extend the maturity of Won35.8bn ($30.1m) in debts by four months to September 23 this year, in a major step to help the company avoid bankruptcy. According to a report in the Korea Herald…
Inchcape Shipping Services (ISS), a maritime and logistics service provider, has demonstrated its continued commitment to compliance with the appointment of Karen Moore as Global Compliance Officer. Moore joins from financial markets and technology company…
APL today announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years. “APL has…
