Marad Visits TX Maritime Technology & Training Center
United States Maritime Administration tours Maritime Technology and Training Center site. Administrators from the United States Maritime Administration (MARAD),…
ISS Announces CEO Transition
Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”). The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer. Captain Claus Hyldager is now serving a period of garden leave and will assist with an orderly handover. A special committee of the ISS Board will oversee the search for a permanent CEO with the assistance of a leading executive search firm.
CME Lifts Force Majeure for all Illinois River Grain Terminals
CME Group has lifted its declaration of force majeure at all Illinois River terminals that are regular for Chicago Board of Trade corn and soybean futures delivery…
FURUNO of Japan Increases Investment in ENL
ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The new level of investment is an increase from the initial 10% announced in July 2014. ENL, founded in 1945, has an impressive and unbroken 70-year history in the marine electronics industry. The company has also represented FURUNO in the New Zealand market for over 50 years.
SKANReg Recruits UK Ship Register's Mazumdar as CEO
After four groundbreaking years as head of the UK Ship Register (UKSR), Debasis Mazumdar is moving on to become CEO of the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg), with a mission to drive further growth for the ambitious ten-year-old Caribbean flag state. He succeeds Nigel Smith in the role from August 10 and will also take over from him as International Registrar after a familiarization period of three months.
Pressure for Australia Sub Deal Grows
Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on ships…
S.Africa Considering Ship-Based Power Generation
South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.
Asian Nations Call for Stop to South China Sea Land Work
Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining…
Latest USCG Cutter At Boston Harbor
The Coast Guard’s latest 418-foot National Security Cutter James (WSML 754) entered Boston Harbor August 3, 2015. The James is the fifth of eight planned National…
LNG Ferry Construction for Tallink Begins
The start of production of Tallink's new generation LNG powered fast ferry for the Tallinn-Helsinki route was celebrated on the 4th of August 2015 at Meyer Turku shipyard.
FMC Collects $1,227,500 in Penalties from NVOCC's
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties.
NYK Hosts Safety Conference
Over three dates in July, NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.
Koole Expands Rotterdam Operations
Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP. The companies have a long-standing relationship.
El Nino Onset May Impact Panama Canal Drafts
The Panama Canal Authority closely monitors the water levels of Gatun and Alhajuela lakes on a regular basis due to the importance that these resources have for transit operations.
First Italian Port To Deploy 23 Rw Gantry Cranes
La Spezia Container Terminal (LSCT), Contship Italia Group’s flagship gateway to Northern and Central Italy, Southern Europe and beyond is the first Italian regional…
Coast Guard Monitors Oil Recovery Ops near Bayonne, NJ
Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday.
Bergeron to be Keynote Speaker at SHIPPINGInsight
Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), has agreed to serve as a keynote speaker at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition…
Chinese Slowdown Hitting Container Shipping
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research. According to a new report from Drewry Shipping Consultants Ltd…
India: Negative Outlook on Shipping Sector
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year. The agency expects the performance…
Egypt Gets FSRU from BW Gas
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract. This comes as as the North African…