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TORM's Chief Financial Officer (CFO) Mads Peter Zacho has resigned to become Chief Executive Officer of J. Lauritzen A / S. Mads has been with TORM since 2013.
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has revealed an additional self-restructuring plan amid the falling shipbuilding orders.
KOTUG Mozambique has begun exclusive port and terminal towage services with two Rotortugs in the new port of Nacala-a-Velha in northern Mozambique for Nacala Development Corridor (CDN),
The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.
Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.
United Arab Shipping Company (UASC) announced the recent conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of $162 million