Neptune Orient Lines Ltd (NOL) has officially confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk. As per a report in the Business Times, NOL said…
Shipping giant MISC Bhd and oil and gas services provider Bumi Armada Bhd are said to be in merger talk involving the consolidation of the floating production storage offshore (FPSO) businesses of both companies, say local media reports. Petroliam Nasional Bhd (Petronas) owns 62…
Currently, all power-driven harbour and pleasure craft are required as a condition of their harbour or pleasure craft licences, to be fitted with either an IMO-compliant AIS Class A/B transponder or a MPA-approved HARTS transponder.To…
Ahead of next week’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), global shipping, logistics and marine services provider GAC Group has announced the appointment of Shanaka Fernando as Regional Business Development Manager…
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016 and 2020…
International engineering and project management consultancy firm Royal HaskoningDHV is leading a multi-disciplinary team in developing a sustainable coastal protection strategy to reduce flood risks for the cities of Tacloban and adjacent Palo in the Philippines…
The top federal official presiding over the Great Lakes/St. Lawrence Seaway presented Indiana Governor Mike Pence with its flagship award today in recognition of an increase in international shipping at the Port of Indiana-Burns Harbor.Chief…
Danos announced that its Amelia, La.-based fabrication facility has achieved ISO 9001:2008 certification for its quality management system (QMS). Two of Danos’ other locations – the Larose fabrication shop and headquarters in Gray, La. – are already ISO 9001:2008 certified…
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21…
A ship management company has pleaded guilty and was sentenced October 27, 2015 for deliberately concealing pollution discharges from the ship directly into the sea and for falsifying its oil record book, announced U.S. Attorney Kenneth Magidson along with Rear Admiral David R…
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report…
The shares of German container line Hapag-Lloyd will now be offered at between 20 and 22 euros ($22-$24.20) each, down from 23-29 euros previously, reports Reuters. Its initial public offering on the stock exchanges in Hamburg and Frankfurt set to commence on November 6…
Lori J. Quinn, shareholder in the Manhattan office of Marshall Dennehey Warner Coleman & Goggin, has been named a Proctor in Admiralty by the Maritime Law Association of the United States (MLA). Founded in 1899, the MLA is devoted to advance reforms in the maritime law of the U…
A U.S. Navy salvage team prepared on Sunday to launch a remotely operated submersible to confirm that wreckage discovered near the Bahamas was that of the cargo ship El Faro, lost in a hurricane last month along with its 33 crew members. The…
Despite an overall global reduction in serious piracy attacks this year, the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC) cautions against complacency in its 2015 report for the year to 30 September.Southeast Asia cracks down In Southeast Asia…
