People & Company News

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Women on Top at London International Shipping Week

London International Shipping Week (LISW) is leading the way for women in shipping by placing WISTA-UK’s program of activities at the forefront of the event.   Sue Terpilowski OBE,

Brazil Prosecutors Charge Lula's Former Chief of Staff

Former Brazilian President Luiz Inacio Lula da Silva's ex-chief of staff was charged with corruption, money laundering and racketeering on Friday, making him one

Coastguardsman, Ship Crews to be Honored for Sea Rescues

A U.S. Coast Guard petty officer and the crews of two commercial ships will be honored by the Association for Rescue at Sea (AFRAS) at an awards ceremony in Washington D.

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

Neander Deal Sees Yanmar Return to Diesel Outboards

Marking its return to the diesel outboard market, engineering company Yanmar Marine International (YMI) has reached an agreement for exclusive distribution rights

Conoil's 2014 Pretax Profit Falls 66.5%

Nigerian fuel retailer Conoil's 2014 full-year pretax profit fell 66.5 percent to 1.53 billion naira ($7.7 million), it said on Friday.   Turnover fell 19.5 percent to 128.

BP Shares at Risk from M&A Temptation

BP will need to buy oil and gas fields to offset falling production, which could lead it to issue equity to raise funds, Bank of America Merrill Lynch (BAML) said on Friday,

AXYS Technologies Acquires FLiDAR NV

AXYS Technologies announced today it has signed a definitive agreement to acquire 100 percent of the FLiDAR NV shares.     Canadian-based and privately-held,

3Si Group Launches Offshore Division

3Si Group, whose global portfolio of marine safety products and services covers commercial, leisure and military markets, has announced the formation of 3Si Offshore,

Minesto Announces Management Appointments

Minesto, developer of the Deep Green marine energy power plant, announced that Fredrik Ahlström has been named Minesto’s Chief Financial Officer, succeeding CFO

Eni in touch with Italy State Holding Over Saipem

Italian oil and gas group Eni is in touch with cash-rich state holding Cassa Depositi e Prestiti (CDP) as it looks for ways to take the debt of its Saipem unit off its balance sheet,

Vulica Orders Clean-tech Solutions for Bulker Newbuilds

WE Tech Solutions Oy and China’s Jiangsu Hantong Ship Heavy Industry signed a contract for the delivery of two Direct Drive Permanent Magnet Shaft Generator solutions to a series of 6,

SPNL to Celebrate Shipping's 'Next Generation' at LISW

Tuesday, September 8 will see representatives from young shipping professionals’ groups from across the world come together in London to debate what lies ahead for the next generation of the industry.

EDF's Paluel 1 Nuclear Reactor in Unplanned Outage

French utility EDF's 1,300 megawatt (MW) Paluel 1 nuclear reactor stopped on Friday in an unplanned outage at 1310 GMT French grid RTE said on its website. The

Canadian Frigates Get a Radar Upgrade

German navigation system manufacturer Raytheon Anschütz has completed factory acceptance tests and delivery of 12 sets of navigation radars for the Canadian Navy’s Halifax-class frigates.

ISS Appoints Holmes as VP, Cruise Solutions

Inchcape Shipping Services (ISS) said it is embarking on a plan to develop its cruise business with the appointment of Grant Holmes as Vice President, Cruise Solutions.

DNV GL to Open Explosion Test Site in the UK

DNV GL, a technical advisor to the global oil and gas industry, is building a new conference center and large-scale fire and explosion demonstration area at their

Jotun, COSCO Celebrate 10,000th Antifouling Applications

In July, Jotun and Dalian Ocean Shipping Company (a wholly-owned subsidiary of China Ocean Shipping Company, Cosco Group), celebrated the 10,000th application of SeaQuantum,

Glencore's South African Coal Unit will Resume

Glencore will provide financial support for its South African mining unit for a coal deal with power utility Eskom as the mine restarts supplying the commodity,

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