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People & Company News

DP World Acquires 44% Stake in Swissterminal

Image: DP World

Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction.Swissterminal, which is headquartered in Frenkendorf close to Basel,

Hamburg Süd’s Chief Commercial Officer to retire

Frank Smet (Photo: Hamburg Süd)

German container shipping company Hamburg Süd said its Chief Commercial Officer (CCO) Frank Smet will retire at the end of March after roughly 27 years with the company.Smet, who has been working in the shipping industry for over 40 years – including in Brazil, Chile, Australia and Hong Kong – has been

Nestlehutt tapped to lead SCI

Photo: Seamen’s Church Institute of New York & New Jersey (SCI)

The Seamen’s Church Institute of New York & New Jersey (SCI) selected Rev. Mark S. Nestlehutt as its new President & Executive Director, succeeding the Rev. David Rider, effective February 18, 2020.With more than two decades of church experience in Massachusetts, Illinois, Maryland, Australia and South Africa,

OSV Orion Fueled with LNG in Germany

Second ship-to-ship LNG bunkering operation carried out in Germany and the first in the Port of Rostock (Source: Nauticor)

The world’s largest LNG bunker vessel ‘Kairos’, operated by Nauticor, has supplied DEME’s next generation offshore installation vessel Orion, this first such ship-to-ship bunker transfer at the Port of Rostock.Orion is currently at the Liebherr construction yard in the Port of Rostock,

Chembulk Tankers Announces Leadership Changes

Bart B. Kelleher has taken over as CEO of Chembulk Tankers (Photo: Chembulk Tankers)

Chembulk Tankers announced on Wednseday that Bart B. Kelleher has taken over as Chief Executive Officer for David Ellis, who has resigned for personal reasons. Ellis will be available to the company through January 31, 2020.Kelleher has held senior executive roles within Chembulk since joining the company in early 2016,

Smith Named Director of Columbia-class Sub Program

Brandi Smith has been named program director of the Columbia-class submarine program Newport News Shipbuilding. (HII photo)

Huntington Ingalls Industries (HII) announced Brandi Smith has been named program director of the Newport News Columbia-class submarine program.Smith will be responsible for leading the company’s construction activities for the U.S. Navy’s new class of ballistic-missile submarines, as well

Ørsted Tops World's Sustainable Companies

Image: Ørsted

The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world.

New LNG Bunkering & Fuel Supply System Simulator

Photo: Wärtsilä

Wärtsilä has launched a new LNG Bunkering & Supply System simulator. The simulator will promote greater safety on board liquefied natural gas (LNG) fueled vessels by improving the level of training for operators of LNG systems. The design is based on the Wärtsilä LNGPac and Gas Valve Unit (GVU) technologies,

SAAM Acquires Intertug

Image: Sociedad Matriz SAAM S.A

Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras.SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase,

29,476 Vessels Arrive at Rotterdam Port

Photo: Kees Torn

2019 was a relatively safe year for shipping in the port of Rotterdam. Over the past year, the number of sea-going vessels arriving was about the same as in 2018: 29,491 compared to 29,476 last year.According to the port authority, the number of accidents also remained virtually the same: 113 compared to 112,

Dee4 Adds Vessel, Appoints New Partner

Jens Christensen. Photo: Dee4 Capital

The Danish private equity firm investing in shipping, Dee4 Capital, announced the takeover of its fourth vessel, to be renamed “Dee4 Dogwood”, which is a medium-range product tanker.She will be placed in the Hafnia pool, thereby introducing spot market exposure to the Dee4 Capital portfolio

THE Alliance Welcomes HMM

Image: Hyundai Merchant Marine

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.

AEGIR-Marine to Open Middle East Office

AEGIR-Marine has announced a new office in Dubai, UAE. The maritime stern tube seal and propulsion system service provider will now operate out of offices in the Netherlands, Singapore, Shanghai, Namibia, USA and UAE. The Dubai service team will focus its activities on both the strong Middle East oil

Pyxis Tankers Sells MR2 Ship Pyxis Delta

Image: Pyxis Tankers

Greek pure play product tanker company announced that it has completed the sale of the Pyxis Delta, a 2006-built 46,616 dwt product tanker.The maritime transportation holding company said in a press note that the sale proceeds will be used to repay outstanding indebtedness secured by the vessel and for general corporate purposes.

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