Steamship Mutual has released its financial results following approval of its 2013/14 Report & Accounts by the Board of the Club.The club achieved a financial year combined ratio of 96.7%, whilst maintaining a low risk investment strategy…
Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117…
Global chart distributor Nautisk has announced two new appointments to its senior management team. Peter Johan Pran has been appointed Acting Head of Global Sales, whilst Gunnar Aarstad has taken up the position of Acting Head of Global Operations…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…
Kongsberg Maritime and Lycée Maritime Jacques Cassard in Nantes have signed a contract for the delivery of an advanced Engine Room Simulator. The K-Sim Engine delivery will consist of an instructor station and eight student stations, with two…
Great Lakes Shipyard hauled out the United States Coast Guard Cutter Biscayne Bay using its 770-ton capacity Travelift. The repair contract that started on May 7, 2014, includes drydocking and routine maintenance such as: Hull Plating…
Israel Corp shareholders are set to vote on a $3 billion restructuring plan by the conglomerate's shipping offshoot Zim, first set out in January and which has now received a key government go-ahead. An Israel Corp spokesman said shareholders of the group…
ISS GMT has announced the opening of its new office in Palma de Mallorca, Spain. Placed at the heart of the Mallorcan yachting community, the office is conveniently located in office 10 inside the Global Building at STP, one of the largest superyacht facilities in Europe for refit and maintenance…
Advanced 3D design and simulation software was used to recreate the technological and engineering innovations of WWII as a part of the seventieth anniversary of D-Day and the Invasion of Normandy, apprise project leaders, France’s Dassault Systèmes…
The Chesapeake PowerBoat Symposium Committee announced that Professor Jacques Hadler, Professor Emeritus of Naval Architecture at Webb Institute, will be the honored guest for this year's Powerboat Symposium. Hadler will be honored for his…
The IP-MobileCast content delivery service developed by KVH Industries, Inc., for its mini-VSAT Broadband satellite network is now live, constituting a maritime industry first that will enable seafarers in the middle of the ocean to have affordable access to daily digital newspapers…
Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which…
Developing effective safety cultures on board involves thinking outside the box and away from established practice, according to Martin Hernqvist, head of The Swedish Club Academy, the body set up to deliver The Maritime Resource Management programme (MRM)…
Aberdeen Harbor has reported its results for 2013, with vessel tonnage exceeding 28 million metric tons for the second year in succession, and nearly 4.9 million metric tons of cargo crossing the quayside.Strong activity across the Harbor’s…
KOTUG International B.V. was proclaimed the winner of the King Willem I Award 2014 in the category ‘medium and small sized enterprise’. The award was presented by Her Royal Highness Queen Maxima of The Netherlands to Ard-Jan Kooren at the Dutch Bank…
