rss icon Subscribe
desktop mobile

People & Company News

MOL to Join TCFD Consortium

Pic: MOL

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that it will participate in the Task Force on Climate-related Financial Disclosures (TCFD) Consortium, which was established to provide a forum for discussions among corporations and financial institutions that agree with "TCFD recommendations".

GSL Acquires Three Boxships

Pic: Maersk

Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter, the first vessel will commence a five-year charter with Maersk Line, said

PSA, PFR, IFM Jointly Acquire DCT GDAŃSK

Image: DCT Gdansk

PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.DCT Gdańsk is one of the fastest growing container ports in

Star Bulk Carriers Reports Q1 Loss

Pic: Star Bulk Carriers Corp.

Greek shipping company Star Bulk Carriers Corp reported a net loss of $5.3 million, or $0.06 loss per share for the first quarter ended March 31, 2019.Net income for the first quarter of 2018 was $9.9 million, said the global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector.

ZIM Cuts Q1 Net Loss

Pic: Zim

The Israel-headquartered container carrier Zim Integrated Shipping Services (ZIM) reported  a first-quarter net loss of $17.5 million compared with a net loss of $26.1 million in the first quarter of 2018.The global container shipping company said in a stock exchange annoucement that its first-quarter revenues were $796.

KVH Appoints Loke VP Asia Pacific

Ken Loke (Photo: KVH Industries)

KVH Industries (Nasdaq: KVHI) said that Ken Loke has been named Vice President – Asia Pacific, to direct all initiatives for KVH in this  region. Loke has extensive experience in satellite and managed services with top companies active in the telecommunications and maritime industries.

Optimarin Gears Up for BWMS Retrofit Wave

Tore Andersen (Photo: Optimarin)

Optimarin is growing its staff to effectively handle the growing wave of ballast water management system refit activity.The company, which expects to double its turnover this year, has employed Leiv Kallestad as its new CEO, allowing Tore Andersen, the incumbent, to spend his time enhancing market focus and customer service.

TenneT Issues EUR1.25bln Green Bond

Image: TenneT

Netherlands-based transmission system operator TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind.The Green Bond issue is split in two tranches of EUR 500 million and EUR 750 million with the support of five banks: ABN AMRO,

Tyne Port Attracts Offshore Wind Players

Image: Port of Tyne

The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030, and the Port of Tyne is

SCA honors U.S. Senator Susan Collins

Photo: United States Senate Special Committee on Aging

The Shipbuilders Council of America (SCA) honored U.S. Senator Susan Collins as a 2019 recipient of SCA’s prestigious Maritime Leadership Award.The national trade association representing the U.S. shipyard industry said that as recipient of the Maritime Leadership Award, Sen. Collins is recognized

Hamburg’s Traffic on the Rise in Q1

Pic: Hafen Hamburg Marketing @Hapag-Lloyd

Germany’s largest universal port is again on a growth path, achieving a distinct advance in the first quarter of 2019 with seaborne cargo throughput ahead by 6.0 percent at 34.6 million tons.Both general cargo throughput at 23.9 million tons - up 5.4 percent- and bulk cargo throughput at 10.7 million tons - up 7.

Golar Spins Off TFDE LNG Biz

Pic: Golar LNG

Liquefied natural gas (LNG) shipper Golar announced that it has decided to proceed with a spin-off of its Tri-Fuel Diesel Electric (TFDE) LNG carrier business as well as to focus its activities primarily on floating liquefied natural gas (FLNG) and downstream assets.According to a stock exchange announcement,

Dutch Royal Couple Visits MV WERFTEN

Peter Fetten informs the royal couple about the construction of the Global Class cruise ships. © MV WERFTEN

Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands called at MV WERFTEN’s Rostock facility in the course of their working visit to Mecklenburg-Vorpommern. They were accompanied by the Dutch Infrastructure Minister Cora van Nieuwenhuizen and the Minister-President of Mecklenburg-Vorpommern Manuela Schwesig.

ChartCo Names Edwards Head of Procurement

Tom Edwards, Head of Procurement, (Photo: ChartCo)

Tom Edwards has been named as ChartCo’s new Head of Procurement, and takes on the responsibility for global purchasing on behalf of ChartCo and its associated offices in this newly created role.Edwards has a strong procurement, purchasing and project management background both within consultancy and industry with Rolls Royce and the BT Group.

Maritime Apps