Yearly Archives: 2017

Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity. This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen.

BIMCO is seeking to drive the improvement of standards for ships at dry bulk terminals across the world and has launched its first report on terminal performance. Since 2015 BIMCO has been collecting feedback on the performance of port terminals…

Now seafarers can manage and report their seagoing service digitally, the Danish Maritime Authority (DMA) announced. Digitalising seagoing service is the first step taken to make it easier for seafarers to apply for certificates, keep track…

The Great Lakes Towing Company said it has repositioned its Tug Huron to Duluth, Minn. on Monday, January 2, 2017 to enhance capabilities for icebreaking, harbor assist and other services essential to commercial shipping in the Duluth-Superior region.

The U.S. Coast Guard said the Port of Virginia will close Friday at midnight in anticipation of Winter Storm Helena, which is expected to bring snow and wind which will likely create particularly hazardous conditions, including zero visibility onshore ...

Manufacturer and marketer of electromechanical power transmission and motion control products Altra Industrial Motion Corp. said it has closed its acquisition of the Stromag business from GKN plc. “Stromag provides Altra with complementary products…

Euronav NV (NYSE: EURN) entered into a five-year sale and leaseback agreement for four VLCC vessels  with investment vehicles advised by Wafra Capital Partners Inc., a private equity partnership. The four VLCCs are the Nautilus (2006), Navarin (2007), Neptun (2007) and Nucleus (2007).

Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended December 31, 2016. The cash dividend is payable on February 15…

The Port of Long Beach will begin public hearings next week on a draft environmental study for the proposed redevelopment of an existing rail yard into a new facility that could increase the use of “on-dock” trains, moving cargo faster while making operations more sustainable.