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SGX Completes Baltic Exchange Takeover

November 8, 2016

Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound ($108 million) deal for one of London's oldest institutions, the groups said on Tuesda...

EU NAVFOR Warns of Renewed Somali Piracy Risk

November 8, 2016

Merchant vessels sailing through busy shipping lanes between Somalia and Yemen may be underestimating the risk of piracy and terrorism following two attempted attacks last month, maritime officials sa...

Phoenix Announces Appointment of New President

By The Maritime Executive

November 8, 2016

Phoenix International Holdings, Inc. (Phoenix) announces that Patrick Keenan Jr., P.E. has been appointed as President, effective November 1st. In this position, Patrick will be responsible for all o...

The NCGMA Reaches an Important Milestone

By The Maritime Executive

November 8, 2016

The National Coast Guard Museum Association, Inc. (NCGMA) announced the presentation of conceptual exhibit designs to the U.S. Coast Guard Museum Advisory Council. The design concepts are the product...

Total May Invest in Iran's Offshore Gas Fields

November 7, 2016

The boss of French oil and gas company Total said on Monday that it would be happy to be the first western oil company to reach an agreement with Iran, but a deal is yet to be signed. "Discussions...

Navy Will Not Buy Special Rounds for Zumwalt's Guns

By The Maritime Executive

November 7, 2016

The newly commissioned destroyer Zumwalt is fitted with two advanced cannons, which are designed to fire a precision-guided munition called the Long Range Land Attack Projectile (LRLAP). The guns have...

Financiers Call for Ban on High Seas Arctic Drilling

By The Maritime Executive

November 7, 2016

Two dozen major financial organizations with a total of $5.5 trillion in assets – an amount equal to half the GDP of China – have called for a preemptive ban on drilling in international waters of the...

Fincantieri Bay Shipbuilding Delivers Kirby ATB

By The Maritime Executive

November 7, 2016

Sturgeon Bay, WI Fincantieri Bay Shipbuilding (FBS) of Sturgeon Bay, Wisconsin, a subsidiary of Fincantieri Marine Group (FMG), has delivered the Kirby 155-01, a 155,000-barrel capacity barge, and the...

Cargo Owners Nervous After Hanjin Collapse

November 7, 2016

Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping, top shipping...

Canada to Boost Spill Response Ahead of Pipeline Decision

By The Maritime Executive

November 7, 2016

Canada's Liberal government on Monday vowed to toughen its response to oil spills at sea, a move some environmentalists said was a clear signal Ottawa will approve a hotly-contested pipeline from Albe...

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