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Maersk Bullish on India

Photo: A.P. Moller – Maersk

 Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter.   “This dip in import growth was due to piling up of inventory in the market post demonetisation and lack of clarity around Good and Service Tax.

Current and Former WWL Execs Accused of Price Fixing

Photo: WWL

Two former and one current executive of the shipping company Wallenius Wilhelmsen Logistics AS (WWL) have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday.   Former executives Arild Iversen and Anders Boman were indicted

Garry Joins Bouchard as Regulatory Compliance VP

Shawn Garry (Photo: Bouchard Transportation Co., Inc.)

Shawn Garry has joined Bouchard Transportation Co., Inc. as Vice President of Regulatory Compliance and Inspections, tasked with ensuring that the company achieves regulatory compliance and meets SubChapter M requirements.   Garry will be the primary contact for Gulf Coast region internal and external vetting, SIRE, ABS, USCG and ISM.

Klein's Mine Hunting Capabilities on Display

Photo: Klein Marine Systems

 Klein Marine Systems, Inc., a wholly owned subsidiary of Mitcham Industries, Inc., said it has concluded a week of trials and demonstrations in conjunction with the Mine Hunting Challenge and Industry Days in Zeebrugge, Belgium.   In the waters outside the Belgian Navy's Mine Hunting Training Center,

Cyber Attack Hits 17 APM Container Terminals

Photo: Dick Sellenraad / Port of Rotterdam

Seventeen shipping container terminals run by APM Terminals have been hacked, including two in Rotterdam and 15 in other parts of the world, Dutch broadcaster RTV Rijnmond reported on Wednesday. APM Terminals is a subsidiary of shipping giant Maersk , which has confirmed it is suffering from a cyber attack.

BW Group Completes VLCC Deliveries to DHT

Photo: BW Group

DHT Holdings, Inc. said it has taken delivery of nine VLCCs acquired from the BW Group Limited, as well as the contracts for two VLCC newbuilds due for delivery in 2018.   "The delivery of the fleet acquired from BW has been conducted in a speedy and efficient manner," DHT senior management said it a press release.

Maersk Says It's Been Cyber Attacked

File photo: Maersk Line

Shipping giant A.P. Moller-Maersk, which handles one out of seven containers shipped globally, said the Petya cyber attack had caused outages at its computer systems across the world on Tuesday.   The attack came as computer servers across Europe and in India were hit by a major ransomware attack.

Cargotec Refinances EUR 300 mln Credit Facility

Photo: Cargotec

 Cargotec Corporation entered into an EUR 300 million multicurrency revolving credit facility with a syndicate of its six relationship banks on 26th June.    The facility carries a tenor of five years including two one-year extension options. The purpose of this facility is to refinance the existing

Liquid Robotics Names Nightengale CFO

Caryn Nightengale (Photo: Liquid Robotics)

Caryn Nightengale, former Director of Corporate Development for Boeing Defense, Space & Security (BDS), has transitioned from her role at Boeing to join Liquid Robotics as Chief Financial Officer. In her new position, Caryn is responsible for the financial management, information technology, contracts and Global Trade Controls (GTC) departments.

Rolls-Royce & the Future Tech 'Reality'

Rolls-Royce and Finland’s Tampere University of Technology are working on the support systems necessary for autonomous navigation. The systems will be developed and tested using a purpose-built autonomous ship simulator located at the University. (Photo: Rolls-Royce)

Rolls-Royce. The words have been used by many to signify excellence – though not with the company’s permission, of course. Rolls-Royce Marine is taking a leading position in developing and introducing the systems and technologies needed for the running of a successful business in the maritime industry of the 21st century.

Apply Now for the MN100

© hildeanna / Adobe Stock photo

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free,

Woes Mount for ABG Shipyard

Photo: ABG Shipyard

The Indian ministry of defence (MoD) has terminated the contracts with India's ABG Shipyard, which already  was out of the race for $2.6-billion four Landing Platforms Docks (LPD).   This comes as another serious setback to the Shipyard after it was listed as non-performing asset (NPA) accounts by

Rotterdam Port Contracts Four PortXL Start-ups

Photo: Port Authority CFO Paul Smits tells presenter Mare Straetmans (Managing Director of PortXL) and the audience at the Shakedown event which start-ups the Port of Rotterdam Authority will be working together with. Photo: Marc Nolte

 The Port of Rotterdam Authority is entering into a partnership with four start-ups for the development of as many innovative projects. Along with six other starters, these companies took part in the port-related accelerator programme PortXL and presented their results during yesterday’s ‘Shakedown’.

Sunday is the Day of the Seafarer

Image: International Maritime Organization (IMO)

 On Sunday, 25 June, seafarers are in focus. This date has been dedicated to seafarers as United Nations' international day in honour of the world's seafarers, the Day of the Seafarer.    This year’s theme “Seafarers matters” accents the importance of the seafarers efforts and underlines that the seafarers are a vital element in shipping.

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