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People & Company News

Ernst Russ Sells Marenave Schiffahrts Stake

Photo: Marenave Schiffahrts AG

 German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany.   "The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector. This was concurrent

Sharp Contrasts in Markets Impact Van Oord

Photo: Van Oord

 The year 2017 was dominated by the difficult market conditions in the dredging and oil & gas sectors, says Pieter van Oord, CEO, Van Oord, the Dutch contracting company that specializes in dredging and land reclamation.   The global contractor specialising in dredging, marine engineering and offshore projects (oil,

Maersk Says CFO Quits after Organizational Changes

Jakob Strausholm (Photo: A.P. Moller-Maersk)

Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role.   The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016, comes after Maersk

Van Oord 2017 Revenue Dips

From left Niels de Bruijn, Jolanda Poots-Bijl, Pieter van Oord and Paul Verheul

Van Oord reported slight drop in its revenues for 2017 having realized of EUR 1.53 billion (2016: EUR 1.71 billion) and a net result of EUR 78 million (2016: EUR 90 million). In particular, the turnover of the group's dredging activities was low from a historical perspective (EUR 923 million, 2016: EUR 1.

Keel Laid for National Geographic Polar Ship

The keel laying is underway Photo Ulstein Group

Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, and Ulstein Group, Norwegian shipbuilder and ship designer, celebrated the keel laying of Lindblad’s first polar new build. The keel laying at the CRIST shipyard in Gdynia, Poland, marked

MN100 2018 Application is Online and Open

© Ron Chapple / Adobe Stock

Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers. This year's MN100 edition application portal is live and open.

OI 2018 London: That's a Wrap

Photo: Greg Trauthwein

Just back from London and the Oceanology International exhibition put on at Excel London, and without hesitation it is clear to see that Reed Exhibitions retains the honor of putting together the largest, best and most influential subsea business and technology conference and exhibition in the world.

PSA International sees profit jump 5.0%

Fock Siew Wah, Group Chairman, PSA International, Photo courtesy PSA

* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year. * PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.

Wärtsilä acquires Transas

Transas Collaborative Decision Making Platform uniting Ship, Fleet Operations, Training and Ship Traffic Control Image Transas

Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within

McDermott and CB&I Conclude Merger

Image: CB&I

 McDermott International and CB&I announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction.   As previously announced on December 18,

DP World Acquires Cosmos Agencia Maritima in Peru

Pic: Cosmos

 Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm  Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal.    "CAM owns a fully integrated logistics service business (Neptunia S.

Drydocks World Earns Dubai Chamber CSR Label

Photo: Drydocks

 Drydocks World - a DP World company, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label for the fourth year in a row in recognition of the company’s efforts and contributions to excellence in various areas of social responsibility.

ISWAN :Infographics for seafarers Psychological Wellbeing at Sea

Image by ISHWAN

ISWAN has produced four new infographics, in partnership with The Shipowners' Club, using extracts from its latest self-help guide for seafarers, Psychological Wellbeing at Sea.  Psychological wellbeing enables us to function well, feel good about ourselves, and feel a sense of purpose and life satisfaction.

Changes at Teekay's top deck

Courtesy Teekay

Teekay Tankers Ltd. (Teekay Tankers or the Company) announced today the following changes to its Board Audit Committee: • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board.

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