Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country.The group said the sale of its i...
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Philippines, US Discuss Joint Coast Guard Patrols in South China Sea
The Philippines and the United States are discussing conducting joint coast guard patrols, including in the South China Sea, a Manila official said on Monday.With overlapping sovereign claims in the strategic waterway, the Philippines has ramped…
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iconsys Names Tassell Head of Marine and Ports
iconsys, a UK maritime automation solutions provider and systems integrator, announced the appointment of Jordan Tassell as its new Head of Marine and Ports.Tassell, who previously spent eight years at global OEM, ABB, within its marine and ports divis...
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Ship Scrapping Business Picks Up with Dry Bulk Swoon
This week, several more sales have registered as sub-continent ship recycling markets come roaring back – and a previously subdued Bangladesh starts to seemingly find some form once again, with some workable L/Cs from privately financed (rather…
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Victaulic Promotes Moore to Chief Revenue Officer
Easton, Penn. based Victaulic, a producer of mechanical pipe joining solutions, announced it has promoted Gary Moore to executive vice president and chief revenue officer.Moore began his Victaulic career 35 years ago in sales for Canada and…
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Swire Bulk Reroutes off Sri Lanka to Avoid Whale Strikes
Swire Bulk announced it is voluntarily rerouting its vessels off southern Sri Lanka to avoid whale strikes in one of the world's busiest shipping lanes.The move comes after researchers identified ship strikes as the leading cause of death for whales in...
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FureBear Acquires Tanker with Larsson Shipping
FureBear, a joint venture between Swedish shipping company Furetank and Canadian shipping company Algoma, together with U.K.-based Larsson Shipping, has taken over the ownership of Algoma’s product tanker Algonorth.The 2008-built, 6,958 dwt…
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US LNG Producers Poised to Leapfrog Rivals with Three New Projects
At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest…
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Anschütz SYNTACS Aims to Enhance Coastal Protection
Anschütz’ SYNTACS command and control system provides operators aboard and ashore with comprehensive situational awareness and full command of the scene from a single workstation.SYNTACS is sensor-agnostic and features advanced tactical target…
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CoolCo to Sell Golar Seal LNG Carrier for $184.M
Cool Company Ltd. (CoolCo) has agreed to sell the Golar Seal vessel for $184.3 million. The transaction is expected to close on the redelivery of the vessel from its current charter in late March.The unnamed buyer will assume all costs associated with ...
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