An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on…
Brazil's government has selected Murilo Ferreira, the chief executive officer of miner Vale SA, to head the board of state-run Petroleo Brasileiro SA, according to a filing from the oil company on Friday.The board will vote on the nomination at a shareholder's meeting on April 29…
The head of the U.S. Chemical Safety Board has resigned weeks after lawmakers with oversight of his agency accused him of hostility toward his staff, a White House official said on Thursday.Rafael Moure-Eraso stepped down from his role as chairman of the CSB…
The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance…
TRACE named the Maritime Anti-Corruption Network (MACN), a global business network of companies and associations involved in the maritime industry, the winner of the second annual TRACE Innovation in Anti-Bribery Compliance Award (IACA) for…
The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever…
Resilience is defined generally as the ability to recover quickly from setbacks. Setbacks are inevitable. Individuals and entities are best judged by their resilience – their ability to get back on track after experiencing a reversal. The…
Rail transport activists, analysts and environmentalists get a real taste of what the waterfront has endured for decades. They’ll just have to get in line with the rest of us. This week finds the collective domestic oil industry wringing…
The United States Senate confirmed William P. Doyle to another term in office as a Federal Maritime Commissioner on the evening of March 23, 2015. The vote was a unanimous 89 in favor, 0 opposed, and 11 senators not voting. Upon confirmation…
CEVA Logistics, one of the world's leading supply chain companies, has today announced the opening of a local distribution center for Magneti Marelli After Market Parts and Services, a division dedicated to the independent spare parts network and after sales market…
ASV Ltd, in partnership with nine other commercial and research organisations, have been awarded funding by Innovate UK to undertake in excess of £3million worth of research and development for Maritime Autonomous Systems (MAS). Three…
Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation to the recognition Wärtsilä received from Forum Ethibel in September 2014…
Coast Guard crews rescued two fishermen from a sinking vessel 10 miles south of Newport, Rhode Island, Monday.At approximately noon, the two person crew of the 38-foot fishing boat More Misery notified watchstanders at Coast Guard Sector Southeastern New England in Woods Hole…
Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April.Opedal will be responsible the corporate improvement…
A yacht race from Hong Kong to the Philippines will take place from 1 April (Wednesday) to 6 April (Monday). About 24 yachts are expected to participate in the race. The race will commence on 1 April 2015 at 1330 hours at a place off the Causeway Bay Typhoon Shelter…
