BMT Designers & Planners Names Skvarla President
BMT Designers & Planners, a subsidiary of the maritime design, engineering and risk management consultancy BMT Group, has announced the promotion of Kai Skvarla to President. Formerly Vice President of Strategic Planning with BMT for the past five years, Kai will now concentrate on developing new commercial markets for the firm to generate sustained growth. Kai will be responsible for leading the business in implementing strategy…
Larger Ships, Demand Driving Port Investment Boom
Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry. Drewry predicts average global container port demand growth of 4.5 percent per annum through to 2019. This equates to an additional 168 million teu of port traffic, bringing the global total to nearly 850 million teu.
Scorpio Services Holding Buys Scorpio Bulkers Shares
Dry bulk commodities shipper Scorpio Bulkers Inc. announced today that Scorpio Services Holding Limited purchased an aggregate of 500,000 common shares of the company…
Radio Holland, Thome Ship Management Sign MSA
Radio Holland in Singapore has signed a Managed Service Agreement (MSA) with Thome Ship Management that will cover nine vessels for four years. Thome Ship Management, headquartered in Singapore, has worked for many years with Radio Holland, which is part of Imtech Marine, but until now this has largely been on an ad hoc basis. Officially signed on June 1, the agreement covers a pool of nine chemical oil tankers of around 45,000-50,000 dwt on a 24/7 basis.
Researchers Prepare Oceanic Trash Clean-Up Plan
Researchers returned on Sunday from mapping and sampling a massive swirling cluster of trash floating in the middle of the Pacific Ocean, as the Dutch-borne crew…
Maritime Tribunal Rejects Plea to Free Italy's Marines
An international maritime tribunal on Monday rejected Italy's request that India provisionally release two marines accused of killing two Indian fishermen, a setback…
USCG Aid Disabled Fishing Boat Off Nantucket
Crews aboard two Coast Guard cutters brought an 83-foot fishing vessel safely to anchorage at approximately 8 p.m. Sunday. Watchstanders at the First Coast Guard District Command Center…
Fugro's GeoWing Trial Successful
Fugro has undertaken successful trials of its new GeoWing, a system designed to detect low ferrous content unexploded ordnance (UXO) items in challenging marine environments.
Vroon Group Implements Seanique
Vroon Group, an international shipping company, has announced on-target progress in the implementation of Seanique, SOFTimpact’s Maritime Software Solution based on Microsoft Dynamics AX…
Sivertsen is New CEO of EMGS
Bjarte Bruheim has decided to step down as Chief Executive Officer of Electromagnetic Geoservices ASA with immediate effect. He has held this position since 7 January 2015…
MISC Divests Oil Storage Venture with Vitol
MISC Berhad informed that its wholly-owned subsidiary MTTI Sdn. Bhd.have entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V.
Six Pirate Attacks off Singapore
Several pirates attacks were reported during the weekend in Straits of Malacca and Singapore to six cargo vessels passing through. On August 21 and 22, six vessels…
Hapag-Lloyd IPO Sooner than Planned
German ocean carrier Hapag-Lloyd aims to launch preparations for an initial public offering (IPO) in September, which is sooner than it originally planned, as a result of strong financial results…
Shipping Rules to Protect Arctic Ocean
Clear and consistent rules that enhance maritime safety and best preserve what is important to Alaskans will benefit the entire Arctic region now and far into the future, reports ADN.
North Korean Subs Have Left Their Bases
South Korea said the submarines, comprising about 70 per cent of a North Korean submarine fleet, had left their home ports and were nowhere to be found. Military…
Dawei LNG Terminal for Shell
Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic…
GAIL to Finalize LNG Deal with Iran
India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI. The Business Standard has…
World’s Dry Cargo Transport Rate Nosedives
The key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU), last Friday.
Reefer Trade Appears Unstoppable
Despite a variety of adverse economic and climatic conditions, perishable reefer cargo growth appears unstoppable, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast.
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