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BP has announced that Carl-Henric Svanberg has informed the company’s board of directors of his intention to retire as chairman. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post.
Greece's Alpha Bank has successfully completed its second financing transaction of $250 million through shipping securitization with Citi, following the inaugural shipping securitization issuance of $500 million in 2014. "Alpha Bank has successfully…
HMAS Hobart has “slipped her lines” and set sail for the first time since commissioning on 23 September 2017. Her departure from Fleet Base East, Garden Island, Sydney on Wednesday heralded the much anticipated return to sea for the Guided Missile Destroyer (DDG) of the Royal Australian Navy.
Scorpio Bulkers Inc announced that it has entered into a financing transaction in respect of one of the Company’s Kamsarmax vessels with unaffiliated third parties in Japan. The cost of the financing is equivalent to an expected fixed interest rate of 4.24% for 10 years.
Global logistics is expected to reach US$12 trillion in value by 2025, recording a 6% CAGR over the period, says a research report. According to Wiseguyreports, 2015 was a difficult year for global logistics companies. However, accelerating…
Globus Maritime Limited, a dry bulk shipping company, announced that it has signed a share and warrant purchase agreement providing for the issuance, for gross proceeds of $2.5 million in a private placement to a private investor. The Company…
Mexican port security officials have undergone training on complying with International Maritime Organization (IMO)'s International Ship and Port Facility Security (ISPS Code). Forty participants took part in the workshop in Manzanillo, Mexico (16-20 October)…
APL announced the launch of a new Korea China Straits (KCS) service that will serve the key Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia…
Wärtsilä said it has signed an engine maintenance agreement with Monaco-based GasLog LNG Services, covering eight LNG carriers operating on Wärtsilä dual-fuel engines. The agreement, effective as of October 1, 2017, consists of Dynamic Maintenance Planning (DMP)…
At least one person was killed and another was missing on Friday after an oil barge being pulled by a tug boat caught fire and exploded in the Gulf of Mexico off Texas, officials said. The barge was carrying some 133,000 barrels of crude oil…