Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading integrated heavy industries company, announced today it teams up with its shipbuilding affiliates, Hyundai Mipo Dockyard (HMD) and Hyundai Samho Heavy Industries (HSHI)…
A new rule is being proposed by central government India, under which importers will have to give half of their freight business to local shipping firms. The government is proposing a law for importers to sign 5-year contracts with local shipping firms…
Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA.Since joining Noreco in September 2014, Tommy Sundt has played a very important role during the financial and corporate restructuring of the Company…
Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its management team across its global offices.According to Nicola Quayle, Head of Group HR…
Global marine terminal operator DP World has collected an impressive four awards including the Grand Prix of ‘Leading Corporate for Investor Relations in the Middle East’ at the 2015 Middle East Investor Relations Society (MEIRS) Awards. DP…
The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning Tuesday in and around the Traverse City area.The Royal Canadian Air…
Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS. Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%…
China’s National Development and Reform Commission (NDRC) said Japan’s Kawasaki Kisen Kaisha (K Line), South Korea’s Hanjin Shipping, Hyundai Merchant Marine (HMM), Taiwan’s Evergreen, Wan Hai Lines, Yang Ming, China Shipping Container Lines…
French shipping company CMA CGM has revealed that the Turkish conglomerate Yildirim Group wants to sell its 24% stake in the carrier. Yildirim Holding planned to divest its major stake of one fourth in CMA CGM, by 2015, President and CEO of Yildrim Holding…
Confirming that the company is preparing its initial public offering, Hapag-Lloyd said it “expects total gross proceeds in the equivalent euro amount of US$500 million from the IPO,” says a report in Reuters. Rolf Habben Jansen, Chief Executive…
The International bodies have agreed to India’s efforts to push back the High Risk Area (HRA) from 78 degrees East longitude to the 65 degrees East longitude. This will result in huge savings for India’s EXIM trade and consumers on account…
Leading UK port operator, Peel Ports Group, has been recognised as the UK’s top company in this year’s prestigious Sunday Times Grant Thornton Top Track 250 league table. Its ambitious development plans and strong financial results were…
U.S. Naval War College (NWC) leaders and alumni received a warm welcome on Capitol Hill, Oct. 7 during a congressional breakfast organized by Rhode Island Sen. Jack Reed.The event offered a chance for members of Congress and their staff…
Alexander Koryakin is appointed Director General of Gazprom Dobycha Urengoy.Alexander Koryakin was born in Chelyabinsk in 1968. He graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development. Alexander Koryakin has an MBA degree…
Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that combines travelers’ love of travel with their desire to make a difference, will…
