People & Company News

Seadrill Says to Resume Dividend When Rig Market Turns Around

Offshore oil driller Seadrill plans to resume dividend payments when the market begins to improve, Chief Financial Officer Rune Magnus Lundetrae said.   Known

CMA CGM Reopens Cameroon-Central African Republic Corridor

After a period of political unrest, CMA CGM has reopened the Cameroon-Central African Republic corridor.   With its Through B/L product, CMA CGM provides intermodal

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Karl Senner Inks Distribution Deal with Electronic Power Design

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets.

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

BIMCO to Develop Standard Term Sheet for Ship Finance

BIMCO announced its intention to develop a standard term sheet to assist the shipping industry in the creation of ship financing documentation.    The aim of

Kings Point Student Earns NMRA Scholarship

The National Marine Representatives Association (NMRA) recently awarded its second $500 scholarship to a student pursuing education in the marine industry and maritime trades.

Lukoil to Raise 3 yr Loan From Sberbank

Lukoil, Russia's second largest oil producer, said on Wednesday it had signed an agreement with Sberbank to raise a loan worth 63 billion roubles ($1.34 billion).

UniMarine Opens Office in Greece

UniMarine has opened a new office UniMarine South Europe & Mediterranean. Located in Piraeus (Greece), the office will service the Southern European and Mediterranean region,

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Stena Bulk Joins World Ocean Council

Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime

Oceanworks Provides Parts for MWCC SADI System

OceanWorks to provide storage, maintenance and inspection of key components of recently delivered subsea autonomous dispersant injection (SADI) system.   OceanWorks

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

Marine Measurement Forum Call for Speakers

With registration places filling fast, the call for speakers for the Marine Measurement Forum taking place on January 29, 2015 is still open. The 55th Marine

Crude Futures Plunge after OPEC Stakeholders Meet

U.S. and Brent crude futures declined sharply after Iranian Oil Minister Bijan Zangeneh said on Wednesday he had an "excellent" meeting with Saudi Oil Minister

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

GAC Pindar Official Logistics Provider for OPGP

GAC Pindar has been appointed the official logistics provider for the new Offshore Powerboat Grand Prix (OPGP) Series. Under the three-year deal, the global provider

Matson Raises 2015 Westbound Hawaii Box Rates

Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Hawaii service by $225

Melbourne Box Pot Lining Up Bidders

Three of Australia's largest infrastructure funds plan to bid for the country's largest container terminal in a sale expected to fetch about A$5 billion ($4.27 billion) for Victoria state,

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