People & Company News

Award for USCG's Men for Rescuing 3 in Makah Bay, Wash.

A Coast Guard boat crew was recognized during a ceremony at Coast Guard Station Neah Bay Friday for rescuing three fishermen after their vessel capsized near Strawberry Rock in Makah Bay in April.

HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory

CMA CGM to use Kingston As Transshipment Hub

 French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

US Charity Supports Maritime Rescuers

 Volunteer services from across Europe have responded to the maritime refugee crisis in the Mediterranean and Aegean seas by deploying boats and crews, saving tens of thousands of lives.

Hapag-Lloyd Hosts Employee Football Tournament

16 teams, 1,000 fans and one trophy: The Hapag-Lloyd Football Tournament   A great atmosphere, fans going wild in the stands and a lot of team spirit: It wasn’t

New Zealand: Maritime Trade is Key

Globally, shipping is on the rise – already 80-90 percent of the world’s trade is by ship; that is more than 12 billion metric tons of goods annually, shipped by 1.

The American Club Reports Solid Progress in 2015

The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the

Brexit Could Cause an Exodus of UK Maritime Talent

The U.K.’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by industry recruitment group Faststream earlier today.

IMHR Conference Supports 'Day of the Seafarer'

Seafarers are a key aspect of the maritime industry, and also a key part of the global economy, allowing the majority of the world’s trade to make it safely from one port to another.

Alphatron, Setel PowerLine Partner at Posidonia

Alphatron Marine and Setel PowerLine have formalized theirt reseller and installation partner agreement, signed at the recent Posidonia exhibition in Athens, Greece.

Brexit Leaves EU ETS in Doubt

Traders say future of EU ETS uncertain if UK pulls out; British MEP resigns as ETS reforms rapporteur. Britain's decision to leave the European Union has raised

Seven Indonesian Sailors Kidnapped in Philippines

Seven Indonesian sailors have been taken hostage in the Sulu Sea in the southern Philippines, Indonesia's foreign minister said on Friday, the latest in a string

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Petrobras: Pension Fund has $6.8 bln Shortfall

Brazil's state-led oil company Petrobras said on Thursday its pension fund has 22.6 billion reais ($6.8 billion) in unfunded liabilities, a new financial burden

Shell to Work with UK, EU on Brexit Impact

Royal Dutch Shell said it will work with the British government and European institutions on any implications for its business from Britain's decision to leave the European Union,

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

BP: UK Headquarters Unchanged Despite Brexit Vote

Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. "It is far too early to

Brexit: Limited Impact on Oil so far: Kemp

Crude oil prices have so far shown only a modest impact from Britain's vote to leave the European Union on Thursday. Brent crude futures for the nearest contact

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