Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated ...
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Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor…
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Emissions Regulations: ‘It’s Not Easy Being Green’
Nor is it getting any easier to understand when, how and why to comply. Whether your marine operation is a major corporation or a family “mom and pop” company, the type of fuel you now burn or for that matter what emanates from your stack each…
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MES Delivers 66,000 DWT Bulk Carrier
Japanese shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) said it has completed and delivered a 66,000 dwt bulk carrier to owner Ostria Marine Co. The newbuild, M.V. Christina, was delivered at the builder's Tamano Works on March 15, 2018.
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Baltic Index Falls on Muted Capesize Activity
The Baltic Exchange's main sea freight index fell for the fourth straight session on Thursday, as subdued activity in the Pacific and Atlantic markets dragged the capesize index down to 7-1/2 month lows. The overall index, which factors in rates for ca...
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Cummins QSK95 Propulsion for Ferry Newbuild
Azam Marine’s next newbuild, Kilimanjaro VII, will be the first passenger ferry powered by QSK95 propulsion engines from engine manufacturer Cummins. Two QSK95 propulsion engines will provide main propulsion power to the new Incat Crowther designed fas...
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Shipping Needs an Attitude Adjustment -Transas Chief
Speaking last week at the 2018 Transas Global Conference in Vancouver, Transas CEO Frank Coles laid out his vision for the maritime industry’s future – from safer, greener and more efficient ships to a world without freight forwarders. As has come to b...
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Executives Larkins, Morais Acquire SSI
As of March 1, 2018, CEO Darren Larkins and President & CTO Denis Morais have acquired ownership of the shipbuilding software development company SSI from the company’s founder Rolf Oetter. Larkins and Morais have been managing SSI for the past…
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Stephen Hawking, who unlocked the secrets of space and time, dies at 76
LONDON (Reuters) - Stephen Hawking, who sought to explain the origins of the universe, the mysteries of black holes and the nature of time itself, died on Wednesday aged 76.
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Port of Oakland Targets 2.6 mln 20-foot Containers by 2022
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan…
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