Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers, Financial Tribune daily reported. National Iranian Tanker Company (NITC) head Sirous Kianersi quoted as saying that NITC has been…
Technology will prove the game changer for the shipping industry. The shipping industry faces many challenges. The growth in fleet volumes at a time of global economic slowdown has resulted in excess supply and falling demand, which has had a major impact on profitability…
French based CMA CGM Group is one of the world’s largest maritime transport firms. It is also a top company for trainees, a recent survey found.After ranking 11th last year, CMA CGM reached 7th place in the Happy Trainees ranking, which…
Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Athens and EM Oinousses, both feeder size containership vessels of 2,506 teu built in 2000. The Company also announced that it acquired the option to purchase from Euromar two additional container vessels…
Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years. The proceeds will be used for the early redemption of the company’s euro bond due…
Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) announced the establishment of a holding company and an operating company, for the integration of the three companies' container shipping businesses…
Baltic Exchange based global crisis communications company, Navigate Response, has launched a social and mainstream media simulator to improve the realism of shipping industry exercises and enhance companies' crisis response preparations. The online platform…
The Board of Directors of Triyards Holdings Limited announced that Mr. Yeo Keng Nien has resigned as the Company Secretary of the Company with effect from 15 July 2016.The Board would like to thank Mr. Yeo Keng Nien for his contributions…
China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co (CSDC), in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs). 'China Shipping Container Lines Co…
Athens-based Star Bulk Carriers Corp has determined to effect a 1-for-5 reverse stock split of the Company's common shares. The Company's shareholders approved the reverse stock split and granted the Board the authority to determine the…
Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the…
China Merchants Holdings (International) Company has proposed to change its name to China Merchants Port Holdings Company Limited. The proposed change is subject to approval by shareholders through a special resolution at the AGM and confirmation by the Registrar of Companies in Hong Kong…
Bunker trading company Dan-Bunkering has announced the employment of Morten Dehn as the company’s new Group Key Account Manager and Jane Bisgaard as Group Financial Business Partner. Dehn is 44 years old and is, among other things, in possession of extensive knowledge within fuel procurement…
Hendry Marine Industries Gulf Marine Repair Corporation, one of the Southeast’s leading tug-barge shipyards, announced the hiring of Jim Long as the new Chief Executive Officer. Long will focus on business improvement and long-term planning for Hendry Marine…
The Company responds to news that CEO Bruno Chabas and member of the Supervisory Board Sietze Hepkema appear on a list of (former) Petrobras executives, former sales agents and (former) SBM Offshore executives who may be prosecuted in Brazil in relation to a corruption scandal…
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