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BP Chairman to RetireBP 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.
Alpha Bank Securitize Shipping LoansGreece'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 Sets SailHMAS 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 Gets Financing for Kamsarmax Vessel in JapanScorpio 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 to Reach US$12 trillion by 2025Global 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…
Victor Restis Buys Stake in Globus MaritimeGlobus 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…
Spotlight on Maritime Security at Mexico WorkshopMexican 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 Launches New Korea China Straits ServiceAPL 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 Inks Maintenance Deal with GasLogWärtsilä 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)…
Update: Texas Barge Explosion Kills One, Fire ExtinguishedAt 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…
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More News and Information |
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US-backed forces take Syria's largest oil field from ISBEIRUT (AP) -- U.S.-backed fighters captured Syria's largest oil field from the Islamic State group Sunday, marking a major advance against the extremists in an area coveted by pro-government forces....
Japanese Prime Minister Abe heads to impressive election winTOKYO (AP) -- Japan's ruling coalition appeared headed to an impressive win in national elections on Sunday, in what would represent an endorsement for Prime Minister Shinzo Abe's nearly five-year leadership....
Tillerson seeks Arab help in US effort to isolate IranDOHA, Qatar (AP) -- U.S. Secretary of State Rex Tillerson took the Trump administration's case for isolating and containing Iran in the Middle East and beyond to two Gulf Arab nations on Sunday, pushing for Saudi Arabia and Iraq to unite to counter growing Iranian assertiveness. He also called for a quick resolution to the ongoing crisis between Qatar and its Arab neighbors, which he said was unintentionally bolstering Iran....
World Health Organization revokes appointment of MugabeJOHANNESBURG (AP) -- The head of the World Health Organization revoked his appointment of Zimbabwe's President Robert Mugabe as a "goodwill ambassador" on Sunday after the choice drew widespread outrage and criticism. Zimbabwe's government said it respected the turnabout and that the U.N. health agency "benefited tremendously" from the attention....
Chinese propaganda faces stiff competition from celebritiesHONG KONG (AP) -- When the propaganda film, "The Founding of an Army," hit theaters in China recently, the reaction wasn't quite what the ruling Communist Party might have hoped for....
Russian opposition leader Navalny leaves jail, goes to rallyMOSCOW (AP) -- Alexei Navalny, Russia's most prominent opposition figure, was released from jail Sunday after serving a 20-day sentence for calling an unauthorized demonstration....
Spain: Taking control of Catalonia means big power transferBARCELONA, Spain (AP) -- Spanish Prime Minister Mariano Rajoy left the nation breathless when he announced the steps he wants to take to crush the separatist movement in the prosperous Catalonia region....
Kenya's leader urges peace ahead of vote as tensions riseNAIROBI, Kenya (AP) -- President Uhuru Kenyatta urged Kenyans to remain peaceful ahead of Thursday's fresh presidential election, while a witness said police shot and wounded at least one person amid a rise in ethnic tensions in the capital, Nairobi....
Malta: Newspapers, citizens take up slain reporter's messageVALLETTA, Malta (AP) -- Several thousand Maltese citizens rallied Sunday to honor an investigative journalist killed by a car bomb, but the prime minister and opposition leader who were chief targets of Daphne Caruana Galizia's reporting stayed away from the gathering....
The Latest: Charity hails decision to revoke Mugabe honorJOHANNESBURG (AP) -- The Latest on Zimbabwe's president and the World Health Organization (all times local):...
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Trump voting commission criticized for lack of transparencyPresident Donald Trump's advisory commission on election integrity has integrity questions of its own - with some of its own members raising concerns about its openness....
More than a dozen states still refuse to release voter dataThese are state-by-state responses to a request for detailed voter data from President Donald Trump's Presidential Advisory Commission on Election Integrity, which is investigating voter fraud. The information indicates whether a state is willing to comply with, is denying or is undecided on the request for data. Some of the states that are willing to comply have fees or other requirements of the commission....
Dramatic sentencing hearing expected in Bergdahl caseRALEIGH, N.C. (AP) -- The fate of Bowe Bergdahl - the Army sergeant who pleaded guilty to endangering his comrades by leaving his post in 2009 in Afghanistan - now rests in the hands of a judge....
How wounds suffered in search for Bergdahl changed 3 livesRALEIGH, N.C. (AP) -- One soldier who searched for Army Sgt. Bowe Bergdahl uses a wheelchair now, unable to speak because of a head wound. Another still can't fully use his right hand. Still another searcher saw a leg wound from enemy fire end his career as a Navy SEAL....
Cub Scout kicked out after asking lawmaker about gun controlDENVER (AP) -- A Cub Scout was kicked out of his den after he questioned a Colorado state lawmaker about her position on gun control and previous comments she made about African-Americans' health and eating fried chicken....
Georgia town to honor graves of more than 1,100 blacksDiscriminated against in life, they were forgotten by their community in death, buried in unmarked graves in the back of the Alta Vista Cemetery in Gainesville, Georgia....
FBI couldn't access nearly 7K devices because of encryptionPHILADELPHIA (AP) -- The FBI hasn't been able to retrieve data from more than half of the mobile devices it tried to access in less than a year, FBI Director Christopher Wray said Sunday, turning up the heat on a debate between technology companies and law enforcement officials trying to recover encrypted communications....
Women's March dinner joke serves up a political challengeMAYS LANDING, N.J. (AP) -- When a New Jersey politician shared a meme on Facebook during January&apos;s Women&apos;s March on Washington asking whether the protest would be &quot;over in time for them to cook dinner,&quot; it sparked an uproar that led women to <a href="http://www.pressofatlanticcity.com/news/atlantic-county-freeholder-chided-for-women-s-march-meme-remarks/article-0003ff45-b812-5934-a8fc-2f824e63944a.html">pack a meeting to demand an apology</a> ....
No joke: TV host Letterman honored with Mark Twain PrizeWASHINGTON (AP) -- No joke: David Letterman yukked it up on late-night TV longer than anyone else. Now his career of comedy has earned him a prestigious award and a celebrity roasting....
38 accuse writer/director James Toback of sexual harassmentLOS ANGELES (AP) -- Writer and director James Toback, who received an Oscar nomination for writing &quot;Bugsy,&quot; has been accused of sexual harassment by 38 women in a <a href="http://www.latimes.com/entertainment/la-et-mn-james-toback-sexual-harassment-allegations-20171018-story.html">report</a> published Sunday in The Los Angeles Times....
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