Atlantic Sea Island Group, announced that they have received notification from the United States Coast Guard that their application to create an LNG deepwater terminal on a 60.5 acres constructed island 13.5 approximate miles south of Long Beach, Long Island, has been deemed "complete" and allows the regulatory, oversight and review process to continue pursuant to federal regulations. Far from population centers and outside of vital shipping lanes, Safe Harbor Energy will have the capacity to deliver 2 billion cubic feet of natural gas each day to 65 million consumers, ending the area's dependence on natural gas shipped up from the Gulf Coast some 1,200 miles away.
In a statement provided with the company's Preliminary Results , VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured. He said "We announced in December 2006 that we had entered into discussions with BAE Systems to combine our respective surface shipbuilding and naval support businesses, including Fleet Support Limited (FSL)
CMA CGM Group announced the appointment of Olivier Dubois as Group Chief Financial Officer. He will replace Jean-Yves Schapiro who has decided to take on new challenges outside the shipping industry. Olivier Dubois graduated from ESSEC Business School in 1976 and IEP Paris (Business Administration) in 1978. His experience has spanned over 30 years: from 1980 to 1991 at Banque Paribas; from 1991 to 2002, Director and Executive Officer in charge of Administration, Finance, Tax, IT
Reservoir Group announced the appointment of Fraser Louden as managing director of its well intervention and measurements business. Acting as the Group management team’s interface with its growing portfolio of companies, Louden joins from an executive advisor role at FMC Technologies and previous expertise at READ Well Services Ltd., where he held key roles, including chief executive officer, vice president, business development manager and R&D manager.
The GAC Group announces key management appointments for its head office and local operations in Oman and the United Kingdom. Group Vice President for Human Resources Jan Farnelid will retire on 31 August and take on a consulting role with the Group until the end of the year. Since 2004, Jan has successfully implemented HR policies and initiatives that underline the importance of GAC’s focus on human capital as a key enabler of its expansion strategy.
The CMA CGM Group announced the launch of a new service, WAZZAN, joining Morocoo to North West Africa, and improving the container shipper’s Intra African coverage. The CMA CGM Group said the new service improves transit time between Mauritania, Senegal and Morocco by eight days, with previous transshipment calls being replaced by direct ones. In addition, a new direct call, from North West Africa and to Morocco, in Las Palmas is introduced
MMT Group announce acquisition of a new Kongsberg EM2040D. The EM2040 dual head system has recently been installed on MMT’s survey and ROV vessel IceBeam. This is the first highly developed multibeam echo sounder to combine all of the advanced features of deepwater echo sounders to the near-bottom sounding environment. Such features include: 1. Dual swath per ping to maintain a high survey speed
Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping. The vessels were sold to different third parties for scrap for approximately RMB82.2m ($13.3m). Cosco said it recognized losses from the disposal of approximately RMB182.2m. Cosco has made plans to scrap a total of 41 vessels this year as part of its fleet optimization plan
NAMEPA (North American Marine Environment Protection Association) and the Ocean Conservancy signed a memorandum of understanding (MOU) this month, the two group announced in a press release. The agreement aims to foster a collaborative effort that encourages marine pollution prevention, advocates for sensible and sustainable marine environmental practices, and heightens public awareness of impacts and mitigation techniques of marine pollution.
Clipper Group announced it will take delivery of two SDARI64 newbuilding bulk carriers during the coming months from Sainty Shipbuilding in Yangzhou, China. The vessels, to be named Clipper Kalavryta and Clipper Kythira, were purchased as resales and will be technically and commercially managed by Clipper. The SDARI64s are next generation eco bulk carriers and designed to improve overall vessel performance
CMA CGM Group announced the launch of two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe. The current Epic service will make room for the two new weekly services. EPIC 1 offering a direct connection between North Europe and Pakistan
* Group revenue for the quarter and the 6 months period ended 30 June 2016, were lower than the corresponding quarter and 6 months period ended 30 June 2015. * Group profit before tax for the quarter and the 6 months period ended 30 June 2016
Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth. The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria
CMA CGM, a leading worldwide shipping Group, announces the appointment of Michel Delville as Chief Financial Officer. Michel Sirat will continue to support the Group on strategic development missions. Michel Delville was Chief Financial Officer of the Saft Group
Kongsberg Maritime Ltd. (KML) Camera Group announced it has been awarded multiple contracts to supply the recently upgraded Helicopter Observation Surveillance System (HOSS). The HOSS is designed for real time video monitoring of heli-deck operations in extreme low-light conditions aboard
BMT Group Ltd subsidiaries BMT Asia Pacific and BMT ARGOSS have been appointed by Hong Kong Nicaragua Canal Development Group (HKND) to undertake a series of marine and port assessments for the Nicaragua Canal. BMT will assist the development and validation of the canal’s
New service contract covers a further 113 turbochargers ABB Turbocharging, part of the power and automation technology group, announced it has signed its third and largest Operation Performance Package service agreement with China Shipping Container Lines (CSCL)
Tundra Maritime Defense Services (MDS), the maritime division of Tundra Group, announced that it has been awarded full certification and accreditation for the recently issued ISO 28007-1:2015 (Guidelines for Private Maritime Security Companies)
India's Reliance group announced a tie up with Andhra Pradesh government for building a strategic shipyard on the eastern seaboard of the country, which will be co-located with strategic facilities of the Indian Navy and Department of Atomic Energy.
Global commodities trader Cargill will close its London shipping office in another sign of the worsening crisis battering the dry freight market, the company said on Thursday. Financial markets have been in turmoil since the start of the year due to worries over the health of the world
With the reorganization of its service interfaces, the SCHOTTEL Group announced it is bundling After-Sales Service and System Technology. After-Sales Service now combines SCHOTTEL’s customer service expertise that was previously spread over a number of decentralized interfaces of
Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) Limited has recorded a net loss of USD 11.7 million in the first quarter of 2016, compared to a net profit of USD 4.2 million in the corresponding quarter of 2015.
As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire 100% of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group
Elektrans Group announced the promotion of Capt. Deepak Arora to Managing Director of Elektrans Shipping Pvt. Ltd. Capt Arora has been with the Elektrans Group for 4 years during which he has served in several executive positions within Elektrans
Survitec Group announced a transformational deal with the Marine Safety business of Wilhelmsen Maritime Services AS (WMS), in which WMS will transfer into Survitec all related safety products and services, including Wilhelmsen Technical Solutions