Semiramis Paliou has been named chief executive officer of Greek dry bulk shipowner Diana Shipping, replacing her father Simeon Palios who will remain as chairman.Paliou has served as a director of the company since March 2015, deputy CEO since October 2019 and chief operating officer since August 2018.
German shipowner Oldendorff Carriers (OC) said it has signed onto a project to develop and trial a fuel-saving wind-assisted propulsion solution for bulk carriers that will help to reduce vessels' carbon emissions.The joint development project (JDP), which also involves Anemoi Marine Technologies, Lloyd’s Register (LR) and Shanghai Merchant Ship Design and Research Institute (SDARI)
The board of Wallem Group announced that chief executive Frank Coles has resigned and will be leaving the company shortly.As many will be aware, Coles has been very active in highlighting the plight of seafarers during the COVID-19 pandemic, and he now wishes to become more involved in promoting their welfare, as well as pursuing other opportunities.
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.
Florida-based transportation and logistics firm SEACOR Holdings Inc announced Monday it has entered into a deal with private equity firm American Industrial Partners (AIP) to take the company private in an all-cash transaction valuing it at about $1 billion, including net debt.SEACOR said New York-based AIP will commence a tender offer to buy all its outstanding shares at $41.
A pair of first-of-their-kind passenger vessels installed with all-electric propulsion will bring Niagara Falls sightseers to experience one of the wonders of the natural world undisturbed by exhaust fumes, engine noise or vibrations.The zero-emissions ferries, named the James V. Glynn and the Nikola Tesla
The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company.Opedal ascends to the top spot coming from the position as Executive Vice President Technology, Projects and Drilling.
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole, as the plight of the seafarer and the ongoing quest to find and groom the ‘next generation’ is universally shared in 2020.
Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites fill up fast due to a global glut of stocks, shipping industry sources say.Traders rushed for storage after global oil demand collapsed by a third due to the coronavirus outbreak, and as top producers Saudi Arabia and Russia have refused to curb output so far
Dredgers are expediting operations in New York to make way for the U.S. Navy hospital ship USNS Comfort, which will dock in the epicenter of America's COVID-19 outbreak to assist hospitals that become overrun by the pandemic.Dredging contractor Donjon Marine Co., Inc. was contacted last week and asked to begin dredging Manhattan Cruise Terminal’s Berth 4 in anticipation of the arrival of the ship
While owners have long recognized the link between clean hulls and lower fuel costs, lack of reliable data has slowed investments in optimizing hull performance. But with improved sensor technologies and data analysis tools, hull performance is getting a second look. Owners seeking to lower fuel costs and comply with pending regulations on emissions and invasive species often look to equipment