The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.This capital increase…
Schettino accused over loss of cruiseship in January 2012. Charges include manslaughter, causing shipwreck, abandoning ship.The former captain of the doomed Costa Concordia on Wednesday gave his final address to a court where he is being tried over the loss of the giant cruiseliner…
Craig Jessup has been appointed Senior Vice President, Services in Kalmar, part of Cargotec.Craig joins Kalmar from Ingersoll Rand where he headed the Industrial Technologies parts and services business for Europe, Middle East, Africa and India…
Coast Guard personnel detained the tanker Overseas Jademar in Port Angeles, Monday. Port State Control officers, from Coast Guard Sector Puget Sound, discovered several significant safety violations during a port state control exam of the Marshall Island-flagged tanker…
NewLead Holdings Ltd. has succeeded in growing the fleet of the Company from two to ten vessels in less than one year following its growth strategy and delivering on its commitments.NewLead's fleet has been entirely transformed to include younger…
As the Indian economy shows signs of green shoots Bertling Logistics India Private Ltd., the country's only project logistic multi-national has etched out strategic plans to consolidate its multifarious activities in order to gear for a major…
Teekay LNG Partners L.P. plans to release its financial results for the fourth quarter and fiscal year of 2014 before market open on Thursday, February 19, 2015.The Partnership also plans to host a conference call on Friday, February 20…
U.S. West Coast port operations resumed in full on Monday after shipping companies halted loading and unloading of freighters for the weekend, citing chronic cargo backups that shippers and dockworkers have blamed on each other during months of labor tensions…
The Board of Directors has approved a new long-term incentive programme for key personnel of Cargotec for 2015 - 2018. The programme is similar in form to the one approved one year ago covering 2014 - 2017. The purpose of the programme is to increase Cargotec's profitability…
The IMO has now agreed on training requirements for seafarers navigating Arctic and Antarctic waters. The requirements are to enhance safety of navigation in polar areas and to ensure that the crew is prepared for the special conditions.Last week…
There is no question that Viking Ocean Cruises is launching an exceptionally innovative series of new ocean-going vessels, layered on its successful series of river cruise vessels, notably the Viking Longships. This list of innovations is a long one…
Fortis Inc. will host its inaugural U.S. Investor Day on Wednesday, April 1, 2015 in New York. The following senior executives will provide an overview and update on Fortis operations, recent developments and strategic outlook:• Barry Perry…
Vard Holdings Limited will release its results for the fourth quarter and full year ended 31 December 2014, before market opens on Friday, 27 February 2015.Senior management will host a results teleconference, details of which are as follows:Date : Friday…
Second ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks A former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty Friday, February 6, and was sentenced to 14 months in a U…
BG Group plc informed today that Helge Lund will join the Company as Chief Executive and an Executive Director with effect from February 9, 2015. This is ahead of the previously announced start date of March 2, 2015.Lund’s start date…
