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Ocean Network Express (ONE) has announced its Transpacific service starting from February 2025 which will deploy 16 core weekly services.“The emphasis will be on quality end-to-end direct services with high schedule reliability.

Van Oord concluded 2023 with revenue reaching record high and profits more than doubled.The company saw revenue growth across both its Dredging & Infra and Offshore Energy business units, which resulted in a significantly revenue increase of 42% to EUR 2.9 billion from EUR 2.0 billion in 2022.Net profit doubled to EUR 127 million from EUR 60 million in 2022. High fleet utilisation and the continued sharp focus on risk and contract management contributed to the improved results.The order book increased by 3% to EUR 4…

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

The U.S. Coast Guard announced a new merchant mariner credential (MMC) set to launch on March 1, 2024, marking the first comprehensive revision of the mariner credential in nearly a decade.The Coast Guard is the exclusive source of U.S. MMCs, which are required for U.S. mariners who serve on commercially operated vessels such as passenger boats, tug and barges, offshore supply vessels, and deep draft ocean going cargo vessels throughout the nation and internationally.The Coast…

Manta Marine Technologies, formerly known as Yara Marine Technologies (YMT), unveiled its new brand and leadership team, following its recent acquisition by Geneva-based Okapi Supply Trading Advisory SA.The Manta Marine Technologies team will now be led by CEO Ina Reksten, who previously served as Deputy CEO and Chief Operating Officer. Outgoing CEO Dr Thomas Koniordos has been appointed as Chair of the Board, while former Chief Sales Officer, Aleksander Askeland will be the new CFO and Richard Engelhart Bjercke will be the new CCO.“I am confident that Manta Marine Technologies…

With the rapid expansion of the Indian Register of Shipping (IRS), P.K. Mishra, previously Head of Operations, has been promoted to Joint Managing Director, effective January 1, 2024.Joining as a Surveyor with IRS in 1998, Mishra rose through the ranks to become Chief Surveyor in 2023. With close to 25 years of experience in IRS and the industry handling key responsibilities, he has been an integral part of the organisation. Throughout his time in IRS, Mishra has consistently demonstrated leadership…

The American Maritime Partnership (AMP) announced the election of new leadership for the organization. Jennifer Carpenter takes the helm as president, and, in doing so, becomes the first woman to lead the organization. She is joined by vice president Sara Fuentes and James “Jim” Weakley who will serve the dual role of secretary and treasurer. Elected officers will hold their positions for a two-year term.“AMP plays a pivotal role in championing the strength and vitality of our domestic maritime industry…

Norwegian offshore vessel owner Rem Offshore on Tuesday announced it has secured multiple contracts for several of its platform supply vessels (PSV).Rem Cetus, Rem Insula and Rem Server have been extended for one year with Apache North Sea Limited in the U.K. sector. Rem have had several vessels on charter with Apache over the last years.Rem Arctic has been awarded contracts with Well Expertise (DNO Norge ASA and Wellesley Petroleum AS) for two wells supporting Deepsea Yantai…

Dry bulk shipowner Diana Shipping on Tuesday announced new charter contracts for two of its vessels, the Polymnia and Los Angeles.Diana said it has extended the time charter contract with CLdN Cobelfret SA for the Polymnia, a  98,704 dwt Post-Panamax dry bulk vessel built in 2012.The gross charter rate is $10,000 per day for the first 30 days of the charter period and $15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum April 1, 2024 up to maximum May 31, 2024. The new charter period commenced on January 14, 2023.The company also announced that it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha for the Los Angeles…

Marine salvage, rescue, emergency response and specialized services company Resolve Marine announced that Deputy CEO Joseph Farrell, III has been appointed Chief Operating Officer. In the combined role he oversees all operations and administration including emergency response, projects, Alaska, shared resources, HSEQ, strategy and M&A, finance, government relations, human resources, marketing, and alternative investments.Farrell, III, was appointed Deputy CEO in April 2022 and brings 17 years of field operations and business experience at Resolve Marine…

Danish shipping giant A.P. Moller - Maersk on Tuesday announced a new organizational structure and a new executive leadership team.The changes are effective February 1, 2023 and follow the appointment of Vincent Clerc as CEO of A.P. Moller - Maersk effective January 1, 2023."The business has executed well during the past years, and we have a highly engaged and competent global team ready for the next miles of our transformation, Clerc said. "We face a challenging global economic outlook…

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation said it has appointed David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G. Gunsten, P.E. to the position of SVP, Project Services & Fleet Engineering.Johanson and Gunsten will assume their new roles effective August 1, 2022. Their positions will fill the roles currently held by the Company’s Chief Operating Officer, David E. Simonelli, who is retiring on September 16, 2022.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the designation of a new Marine Highway Route, two new Marine Highway Projects, and one Project Designation Extension as part of the America’s Marine Highway Program (AMHP). While focusing on supply chain efficiency will have nationwide effects, the states of Illinois, Michigan, Wisconsin, Alaska, Hawaii, Washington, California, and Oregon will receive new routes, designations, or extensions.The…

Shipping company Castor Maritime on Monday announced it has lined up time charter contracts for three of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days.The Magic Rainbow, a 2007 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $16,500. The charter commenced on April 12, 2022, and has a duration of about 60 days.The Magic Horizon, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $17,500. The charter commenced on April 15, 2022, and has a duration of about 55 days.

The American Maritime Partnership (AMP), a trade group for the U.S. domestic maritime industry, announced the election of new leadership for the organization. Ku’uhaku Park takes the helm as president, and he is joined by new vice president Jennifer Carpenter, and Sara Fuentes who will serve dual roles as secretary and treasurer. Elected officers will hold their positions for a two-year term.“I am humbled to have been elected by my peers to lead the American Maritime Partnership and carry this banner at such a consequential time for our industry…

The Biden administration recently issued a sweeping Executive Order [1] aimed at protecting and enhancing competition, and the transportation sector—including air, ocean, and rail—is among the industries specifically identified and likely to see heightened antitrust scrutiny under the new directives. This executive action was soon followed by the long-awaited announcement of Biden’s pick to lead the U.S. Department of Justice’s Antitrust Division (Division), Jonathan Kanter, who…

The U.S. Coast Guard announced in the Federal Register that it is issuing an interim rule as the first step to implementing the statutorily mandated requirements for fire safety on certain covered small passenger vessels. This statutory mandate is in response to the fire and loss of life on the dive boat Conception off the coast of California on September 2, 2019. This interim rule adds additional fire safety requirements for small passenger vessels, including fire detection and suppression systems…

Watson Farley & Williams (WFW) announced that, following the election of George Paleokrassas as the firm’s senior partner, partner Alexia Hatzimichalis will be taking over as Athens office head.Hatzimichalis, who joined the firm in 2001 and made partner in 2014, also heads the assets and structured finance team in Athens. Qualified in England and Wales, originally as a barrister and then as a solicitor, Hatzimichalis advises on a wide range of ship finance matters for clients including Greek and international banks, other financial institutions and ship-owning groups and U.S.-listed companies.

With an aim of doubling its revenue to $3.4B by 2025, Hemple announced a reorganization in its executive ranks to fulfill the mission.“I’m thrilled to announce today’s changes,” said Lars Petersson, Group President & CEO. “My new leadership team will lead a new way of working at Hempel - we have organised our business in an even more customer-focused structure, which will unleash potential and energy from the organization to deliver on our Double Impact strategy.”Hempel’s commercial activities are now organised into key segments: Marine…

Cyprus-based shipping company Castor Maritime Inc. announced it has secured new charter agreements for several of its bulk carrier vessels.The 2010-built Panamax dry bulk carrier Magic Nova has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes. The charter commenced on November 17, 2021, and has a minimum duration of eleven months and a maximum duration of about fourteen months (+/- 15 days) at the charterer’s option.The 2006-built Capesize dry bulk carrier Magic Orion has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Capesize Index 5TC routes.

Columbia Shipmanagement (CSM) said it is furthering its efforts to promote crew positive mental health and wellbeing with an exciting new initiative for crew welfare.CSM will be presenting courses prepared and delivered in partnership with Mission to Seafarers, a non-profit organization providing support to shipping crews. The courses will focus on assisting crew members with their financial and social wellbeing.CSM Group’s Director of Crewing and Training, Captain Faouzi Fradi, said, “CSM is passionate about the wellbeing of seafarers, as they are the beating heart of our industry.

Cyprus-based shipping company Castor Maritime announced on Thursday that it has fixed two of its bulk carriers on time charter agreements. The 2006-built Capesize dry bulk carrier Magic Orion has been fixed on a time charter contract at a gross daily charter rate of $73,000. The charter is expected to commence on or around October 8, 2021, and will have a duration of about 45 days.The Magic Eclipse, a 2011 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $28,500. The charter commenced on September 14, 2021, and has a minimum duration of eight months and a maximum duration of ten months (+/- 15 days) at the charterer’s option.

Shipping company Castor Maritime on Monday announced a trio of new time charter agreements.The Magic Nebula, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $31,750. The charter commenced on September 4, 2021, and has a minimum duration of six months and a maximum duration of eight months (+/- 15 days) at the charterer’s option.The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $30,250. The charter commenced on August 31, 2021, and has a duration of about 90 days.The Magic Nova, a 2010 built Panamax dry bulk carrier…