U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.Perez…
The World Ocean Council is partnering again with The Economist to help engage the ocean business community in upcoming events:For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation…
Mitsui O.S.K. Lines, Ltd. today announced that MOL cooperated in the transport of the “Tachinepta” float (*1) Samba Carnival (*2) Components of the float, weighing about 5 tons in all, were placed into 15 containers and loaded aboard an MOL-operated containership…
Singapore Technologies Engineering Ltd (ST Engineering) announced today that ST Education & Training Private Limited (“STET”) has increased its issued and paid up capital from S$1m to S$2m. This increase in paid-up capital is by way of a bonus issue of 1…
International law firm Hill Dickinson LLP has recruited Rachel Hoyland as a Senior Associate in its shipping team. Hoyland was the in-house Head of Legal with CMA CGM (UK) Shipping Ltd and is an experienced dry shipping lawyer. She will be based in the Liverpool office of Hill Dickinson…
A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks…
The chief executive of Transocean Ltd , one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices.Transocean said on Sunday that Chairman Ian Strachan…
Hiab, part of Cargotec, is sponsoring the very first World Crane Championships, the finals of which take place at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. Over the past year, qualification rounds have taken place in 11 different countries…
As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom…
Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent…
Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…
Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation…
The founder of India's Sun Pharmaceutical Industries Inc, Dilip Sanghvi, has agreed to buy a 23 percent stake in Indian wind turbine maker Suzlon Energy Ltd for about $290 million, the company said late on Friday.Sanghvi, India's second-richest man…
U.S. coffee importers have begun diverting shipments bound for West Coast roasters to ports on the Gulf and East Coasts due to a labor dispute that has caused prolonged backlogs in California, market sources said.Traders said they began…
Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union…
