Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.The…
Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able to find a solution with the syndicate banks. On this basis, it has been decided…
The Coast Guard is responding to a report of a downed military aircraft approximately 57 miles south of Panama City, Florida, Thursday.Watchstanders at the 8th Coast Guard District received a call from the Air Force at approximately 9:30 a…
ILWU withholds hundreds of skilled workers from vital terminal jobs at Los Angeles andLong Beach Ports, threatening holiday commerce and U.S. economySan Francisco, CA (November 6, 2014) – Escalating its use of orchestrated job actions…
Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms, said it faces possible bankruptcy after uncovering internal fraud…
Members of the U.S. Coast Guard Training Center, Cape May, N.J., were treated to a speech on the history of the Lenape Indian tribe during a Native American Heritage event held on base, Nov. 5. Wesley Dunn, vice president of the Museum of Indian Culture…
Aker Philadelphia Shipyard ASA announced that its board of directors has appointed Steinar Nerbovik as president and CEO of Aker Philadelphia Shipyard ASA effective today. Nerbovik has served as the company's managing director for the past seven…
Rolls-Royce announced plans for additional headcount reductions as part of an intensified program to improve operational efficiency and reduce cost across the group. The company proposed a restructuring plan that will reduce headcount by 2,600 over the next 18 months…
Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced that Minister for Transport and Rural Development, Mr. Foundation Stone for Adani Ennore Container Terminal laidor its container terminal at Ennore port…
By 2016 it should be possible for barges in the port of Antwerp to fuel up with LNG at a fixed station. The possibility for truck-to-ship bunkering with LNG already exists, but the construction of a bunkering station will make LNG continuously available for barges…
Brisbane-based shipbuilders Aluminium Boats Australia Pty Ltd has been placed into voluntary administration after a shipyard fire in August has set the company toward financial instability.The fire, which occurred at the company’s Hemmant dockyard 11 weeks ago…
France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday.Majority-owned by public transport firm Transdev, which is owned by water firm Veolia and French state bank CDC…
Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment…
Number of Cargotec shares increases through subscription with stock options 2010 on 3 November 2014 A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16…
Hapag-Lloyd informs that the current situation of the UK Road Haulage market continues to face ongoing challenges as a result of increased cargo volumes through all UK ports and a general shortage of both vehicle, rail and driver availability…
