The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said in a stock exchange annoucement that the beginning of the quarter was weak in line with the previous quarters
Greek shipping company Capital Product Partners has agreed to spin off its crude and product tanker business and merge it with the tanker businesses owned by DSS Holdings.The $1.65 billion transaction involving 68 tankers is expected to create the third largest publicly traded MR and product fleet in the world
Eastern Shipbuilding Group, a family-owned and operated shipbuilder that is involved in both government and commercial vessel construction and repair, resumed operations at both of its two main shipbuilding facilities just two weeks after Hurricane Michael devastated Panama City Florida and the surrounding communities.
A ClassNK executive who played a major part in the fourfold increase in the society’s German market share has returned to the Hamburg office as General Manager.Akizumi Miura has returned for his second posting to ClassNK’s survey office in Hamburg, with a brief to further reinforce and continue building the society’s presence in the key German market.
The words of General Darren McDew rang true to Massachusetts Maritime Academy's nearly 400 graduates on a beautiful, albeit rain soaked, Saturday this past June.General McDew, who received an honorary doctorate at the 2018 Commencement, leads the United States Transportation Command and, in that role, oversees our nation’s projection of force wherever it is required in the world.
Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from Chapter 11 proceedings.The seven member Board includes two current members remaining on the Board and five new members, each with expertise in individual areas particularly suited to support the company’s operation and development and
Mark Lamarre, who most recently served as CEO of Australian Shipbuilding Company (ASC), has been named CEO of Seaspan Shipyards effective immediately. Lamarre succeeds Brian Carter, who stepped down to pursue other opportunities.Lamarre’s appointment follows recent Seaspan Shipyards additions to the senior leadership team, including Jari Anttila (previously with Philly Shipyard Inc.
In 1993, Bouchard Transportation Co. christened the B. No. 230, which was the first double-hulled barge to enter service in the United States. Joined together for this milestone celebration was (pictured left to right): Mr. John Dane III, former President/CEO, Halter Marine Group Inc.; Mr.
Liberty Global Logistics (LGL) announced today that Paul “Chip” Jaenichen, former U.S. Maritime Administrator, has joined the Company as its Executive Vice President – US Flag. In his new position, he will be responsible for the oversight of the day to day aspects of the Company’s business relating to U.S. flag, government relations, strategic business initiatives and US cargo opportunities.
Maritime Reporter & Engineering New’s Great Ship of 2017 Award was presented to Mr. Yoshikazu Kawagoe, Chief Technical Officer, Mitsui O.S.K. Lines in MOL’s headquarters in Tokyo. A full report on the world’s 3rd largest shipowner will publish soon in the pages of MR. Details on MOL's FSRU Challenger are below
Tokyo Big Sight Conference Tower hosted the Southeast Asia Maritime Summit yesterday as a part of the Sea Japan 2018 exhibition. The packed conference hall was the stage for executives from five major ship associations -- Indonesian National Shipowners’ Association; Thai Shipowners’ Association; Filipino Shipowners’ Association; Malaysia Shipowners’ Association; and the Singapore Shipping
Friedman is Port of Cleveland's President & CEO. At its 2018 Spring Conference on March 20, the American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—elected William D. Friedman, president and chief executive officer for Northeast Ohio’s Cleveland-Cuyahoga County Port Authority