Marco Polo Appoints Adviser for Business Review
Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37.19 million) worth of notes maturing on Oct. 18, said it would hold an informal meeting with holders of the notes on Sept. 13 to present KPMG's review and discuss various options in connection with the notes.
'A Few Good Men' Thanks for the Leadership!
Change is inevitable, especially in Washington, DC, and particularly within the U.S. Army Corps of Engineers. Waterways Council, Inc. (WCI) is a strong partner with the Corps, as navigation is a critical business line within its Civil Works’ mission. Over the last year, we have seen some of the Corps’ best and brightest officers and civilians retire after decades of service to the Army, to the Corps of Engineers, to the inland navigation industry and of course, to the nation.
Klaus Andreasen Joins the Bawat Team
Bawat has hired Klaus Andreasen as Senior Sales Manager effective as of September 1, 2016. He will be the new man in charge of Bawat’s sales department and will be the customer’s primary contact.
Maersk Line Opens Transpacific Service Line
Maersk Line has opened a new transpacific service between Asia and the United States West Coast. The first sailing is scheduled for September 15. "We are responding to increased demand in the Transpacific," says Klaus Rud Sejling, Head of Maersk Line's East-West Network. The service will be calling Yantian, Shanghai, Busan and Los Angeles/Long Beach. It will have six vessels with a capacity of 4,000 TEU per week deployed. The service will be part of the 2M network.
GE Showcases Latest Marine Technology at SMM
GE’s Marine Solutions is showcasing its latest technologies and offerings to date at SMM 2016. Staggering oil prices, strict environment regulations and volatile economic conditions are among the key factors that add uncertainty to the marine industry. Calling for industry-wide collaboration, GE is taking up the challenge to build more cost-efficient vessels through close partnership with industry leaders. GE and Dalian Shipbuilding Industry Co. Ltd.
Chinese Coast Guard Involved in Most S.China Sea Clashes
Increasingly assertive action by China's coast guard ships in the South China Sea risks destabilising the region, according to the authors of new research tracking maritime law enforcement incidents across the vital trade route. While the risks of full-blown naval conflict dominates strategic fears over the disputed waterway, the danger of incidents involving coast guards should not be underestimated…
Two Buyers Eye Struggling STX France Shipyard
Two potential buyers have emerged for STX France, a shipyard subsidiary of the struggling South Korean group STX Corp, according to a French finance ministry source. The French state holds a 33 percent minority stake in STX France, which runs a naval shipyards in Saint Nazaire on the west coast. Lossmaking STX Corp is in administration. A French finance ministry source said a South Korean court was poised to clear a decision to liquidiate STX Corp's assets on Friday this week…
MN100: VescoPlastics
Founded in 1958, self-lubricated polymer bearings and bushings manufacturer VescoPlastics produces a proprietary range of bushings, bearings and wear plates that operate in dusty, dirty or wet conditions and last longer than other products on the market. VescoPlastics has warehouses in South Africa, the UK, the US, the Netherlands and New Zealand, with stocking distributors in Argentina, Australia and Singapore.
ICS Chairman Sets 3 Challenges for Shipping
At the annual International Chamber of Shipping (ICS) Conference in London today (7 September) – in the presence of IMO Secretary-General, Kitack Lim – the new ICS Chairman…
Mont Hope Selects DNV GL's ShipManager
Mont Hope Ship Management, a new and specialized company focusing on services for vessels engaged in energy segments, is implementing DNV GL’s integrated software…
Nav Systems Advance to the Next Level
Smart sensor technology and the next level in integrated navigation system – this is what the German navigation system company Raytheon Anschütz showcases during SMM 2016 in Hall B6 at booth 304.
ACO Marine's Clarimar Selected for New Environmentally Sound EcoCoasters
Wastewater streams aboard the two state-of-the-art EcoCoasters Dutch shipyard Royal Bodewes is building for Finland’s VG-Shipping will be managed by a bespoke treatment system designed by ACO Marine.
Port Everglades, Panama Canal Renew Partnership
Port Everglades and the Panama Canal Authority (ACP) have renewed their long-standing Memorandum of Understanding (MOU) to promote trade opportunities for another five years.
Wärtsilä's Presents "Visions of Future Shipping' at SMM
Wärtsilä has set out its visions for the future of the shipping industry. The work on future visions has been prompted by the inevitable effect that growing global…
MAN Commissions Siemens to Supply Two-speed Gearbox for Vessel
Siemens provides with an order from MAN out its expertise in the construction of switchable special gears. Flender two-speed transmission are individual, switchable…
CMA CGM Delists Neptune Orient Lines
Shares of Neptune Orient Lines (NOL) - now a wholly owned unit of French container ship operator CMA CGM - delisted from the Singapore Exchange (SGX) with effect from 9am September 07.
APL Satellite Tracking Service Gets Smarter!
Taking live monitoring of reefer cargoes beyond temperature and humidity tracking, APL is introducing real-time oxygen and carbon dioxide monitoring capabilities…
Indonesia Eyes Taiwanese Investment in Maritime
Indonesia invites Taiwanese investors and businessmen to invest in the maritime sector to support government programs to make Indonesia into the world's maritime axis, reports Antara News.
Hanjin - Possible Risks for Cargo Insurers
As a consequence of Hanjin Shipping's financial collapse one can anticipate that there will be displaced containers worldwide with Hanjin vessels being arrested short of or at destination…
Deltamarine Bags $4.5m Vessel Design Job
Deltamarin, a subsidiary of AVIC International Maritime Holdings, has been contracted by Finland’s Rauma Marine Constructions (RMC) shipyard to design a new ro-pax vessel.
