V.Group Sets Out to Transform Crewing
Marine and offshore vessel management and support services provider V.Group has engaged with management consultancy Accenture to transform its approach to crew management. Named Embark, the project seeks to develop an in-house shared services model which streamlines and optimizes key processes for V.Groupās seafarers, customers and colleagues. Embark will see the introduction of new and enhanced technologyā¦
Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one ofā¦
US, Iraq, Kuwait Complete Trilateral Exercise
The U.S. Navy and Coast Guard completed a trilateral exercise with Iraqi navy and Kuwaiti navy partners in the Northern Arabian Gulf, August 15.The exercise focusedā¦
Port of Everett Begins Wharf Modernization Project
The Port of Everett hosted a groundbreaking to commemorate the start of construction on the Portās South Terminal Modernization project ā the largest capital project in Port history by dollar valueā¦
Team Tankers Back into the Black
Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018, as 14 new ships from recent acquisitionsā¦
Golden Ocean Group Reports Profit in Q2
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarterā¦
Japan, Russia Join for Trans-Siberian Rail Transportation
Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.Theā¦
Port Klang Authority Hikes Container Tariffs
Port Klang Authority (PKA) announced that the 2nd phase of the increase in Port Klangās container tariff which was due to be implemented on 1st September 2018, willā¦
DHT Holdings Raises Fresh Funds
The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings has reached agreements to exchange existingā¦
Port of Oakland to Begin Seaport Logistics Complex
A freight distribution center placing high-demand logistics capability inside a global trade gateway will soon take shape here. The Port of Oakland said today thatā¦
Mercuria Energy Takes 30% Stake in Aegean Marine
Mercuria Energy Group and Aegean Marine Petroleum and have signed a Memorandum of Understanding (MoU) making Mercuria the only lender to Aegean. Both are workingā¦
Maersk to Pursue Separate Listing of Maersk Drilling
Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling via a separate listing of Maerskā¦
Stena Blue Sky Delivers First LNG Cargo in China
The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invitedā¦
ReCAAP ISC, Philippine Coast Guard Meet on Maritime Safety
ReCAAP Information Sharing Centre (ISC) and Philippine Coast Guard this week co-organised a meeting between government agencies and the shipping industry to enhanceā¦
Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal
Japanās Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.Theā¦
KOGAS Invests $8.84bn in LNG, Hydrogen Projects
South Korean state-owned Korea Gas Corporation (KOGAS) will invest 10 trillion won (US$8.84 billion) by 2025 to expand its natural gas capacity and infrastructureā¦
Samsung Heavy Industries to Build Two LNG Carriers for Celsius Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) booked an order from Denmarkās Celsius Tankers for two liquefied natural gas (LNG) carriers, securing anā¦
Choice Ballast Solutions Chosen for Scorpio Tanker Retrofits
Choice Ballast Solutions was recently contracted by Scorpio Ship Management S.A.M., as agent for certain vessel-owning subsidiaries of Scorpio Tankers Inc. to provideā¦
LNG Bunker Barge Completes Trials
Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulfās LNG Bunkering Facility in Port Fourchon, La.The box shaped barge arrived 15 days ago to the Harvey Gulf LNG terminal where Harveyās LNG staff developed terminal specific procedures for review and approval by USCG. Theseā¦
Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War
Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently, the companies which facilitate international movement of goods.Though the situation is still developing and the final impact is uncertain, Gregory Draco, the Chief U.S.
