August 6 - The chief executive of STX Pan Ocean Co, Duk Soo Kang has resigned.
The embattled company has announced that the new composition of its Board of Directors is Chun Il Yu (deputy president and chief executive officer and executive director; Dong Moo Choi (independent director); Yun Jae Baek (independent director) and Joon Woo Han (independent director).
The shipping company has been under court receivership since June amid a deepening liquidity crisis.
Shanghai Shipbuilding Research and Design Institute (SDARI), in collaboration with DNV and Toepfer Transport, has developed two state-of-the-art multipurpose vessel designs: Octopus 12.6 and Octopus 12.
Wallenius Wilhelmsen has joined global public-private partnership the First Movers Coalition (FMC), which is working to scale the most critical, emerging climate technologies required to decarbonise the world’s heavy-emitting sectors.
The World Shipping Council (WSC) has appointed Joe Kramek as its president and ceo, succeeding John Butler who retires at the end of July.
Colonel’s Island Terminal at the USA’s port of Brunswick had its busiest month ever for ro-ro cargo during March 2024 handling 77,236 units, an increase of 21 percent over the same month of last year.
Total cargo throughput of the port of Antwerp-Bruges amounted to 70.4 million tonnes in the first quarter of 2024, an increase of 2.4 percent compared to the same period last year, with container throughput increasing and the general cargo sector showing signs of recovery.
DEME has been awarded two contracts by Prysmian for the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands.
