Vopak Executive Quits Over Strategy
Dutch shipping and tank storage firm Vopak NV said a member of its executive board had resigned due to "differences of opinion" regarding the company's future. Van…
Hong Kong Lags Behind Singapore In Logistics, Study Finds
Despite having the world's largest and most advanced air cargo facilities and one of the busiest container ports, Hong Kong lags behind Singapore in providing sophisticated…
Frontline Files Restructuring Plan For Golden Ocean
Frontline filed as of July 7 a financial restructuring plan for Golden Ocean Ltd., currently under Chapter XI administration. Two other competing plans were also…
Oil Majors, Shipowners Merge Online Tanker Exchange
A U.S. oil majors' Internet tanker venture is merging with a shipping dot-com in a bid to become the first live online chartering exchange for the industry. SeaLogistics…
Ship Channel Opening Attempt Fails
The U.S. Coast Guard failed in its weekend attempt to reopen the Lake Charles, Louisiana, ship channel to all ships including large crude oil tankers, a spokesman said.