People & Company News

Management Appointments at Yara

Yara International ASA announces three new members to its Executive Management group, to improve focus on strategy, innovation and positioning. "Following recent

DP World to Manage Somaliland Port for 30 Years

 DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa,

Abu Dhabi Ports Try to Lure Chinese Businessmen

 Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

Eletrobras' CEO Plans to Resign over Asset Sales

The chief executive of Brazil's state energy holding company Eletrobras SA, Jose da Costa Neto, has prepared a resignation letter over plans by the new government

Cruise Ship Passenger Medevaced S.W. of Newport, Ore.

A Coast Guard aircrew medevaced a 78-year-old man from a cruise ship 29 miles southwest of Newport, Ore., Friday. An MH-65 Dolphin helicopter crew, from Coast

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Nautilus Minerals Chairman Retires

Nautilus Minerals Inc. announced that its Chairman of the Board of Directors, A. Geoffrey Loudon, will retire and not stand for reelection at the company’s upcoming annual General meeting on June 1,

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Saudi Offers More Oil to Asia Ahead of OPEC Meet

Saudi offers more oil to Asia after field maintenance; output from Shaybah oilfield to hit 1 mln bpd in next 2 weeks. Saudi Arabia is offering extra crude to customers in Asia,

Shell: Refining Margins Remain Under Pressure

Shell Refining Co's refining margin is expected to remain under pressure owing to weak recovery in crude oil demand. The company's refining margin has come off from the peak of an average U.

Asia-N.Europe Box Freight Rates Soar 37 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday,

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

Oil Prices Ease from Seven-Month Highs

Analysts see oil prices in a $40-$50 range; supply disruptions slowly helping to clear oil glut. Oil futures fell below $49 on Friday, moving further away from a seven-month high hit a day earlier,

Saudi Aramco Discovering More Oil, Continues CapEx

Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand,

Strike Extended until Monday at Le Havre

French CGT union members at the CIM, an oil storage and supply services company which handles about 40 percent of French crude imports, have voted to extend their

USCG Tows Disabled Fishing Boat to Portland, Maine

The crew of the Coast Guard Cutter Marcus Hanna towed the 55-foot fishing boat Miss Emily, with four people aboard, after it became disabled Thursday about five miles off Kennebunkport, Maine.

Fitch Warning on NordLB Shipping Reduction Plan

 Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks,

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