Obama picks Foxx to succeed LaHood at Transportation

APRIL 29, 2012 — President Obama plans to nominate Anthony R. Foxx, the Mayor of Charlotte, N.C., to succeed Ray LaHood as Secretary of Transportation. Mayor Foxx (born on April 30, 1971

ABS and MPA fund Singapore professorship program

APRIL 9, 2013 — Classification society ABS, the Maritime and Port Authority of Singapore (MPA) and the Singapore University of Technology and Design (SUTD) have collaborated to set up an ABS-MPA Maritime

Nobu Su steps down as TMT CEO

MARCH 27, 2013 — Nobu Su, the owner of TMT, is stepping down as CEO and has engaged AlixPartners to help manage the restructuring and turnaround for his global shipping business, Today

Ulstein Verft gets new MD

MARCH 8, 2013 — Norway’s Ulstein Group has appointed Kristian Sætre as managing director of its shipyard, Ulstein Verft. He will take up the position by June 1, 2013. Mr. Sætre has

Flagship adds another maritime academy grad to its team

MARCH 8, 2013 — Pompano Beach, FL, based Flagship Management, LLC reports Sheila LaFleur will be joining the firm as a Senior Associate in its maritime practice.  Flagship specializes in personnel and

“Perception gap” in seafarers’ view of shoreside opportunities

FEBRUARY 20, 2013 — Responses from over 2,000 shore and sea staff to a global survey have resulted in a report from specialist international recruiter Fastream that highlights the gap that exists

House members launch Congressional Maritime Caucus

FEBRUARY 7, 2012 — In an effort to give the maritime industry an ongoing and consistent voice in the House of Representatives, Congressman Cedric Richmond (D-LA) and Congressman Michael Grimm (R-NY) announced

EC approves Finnish aid for clean ships

JANUARY 23, 2013 — The European Commission has found amendments to an existing Finnish scheme supporting investment in cleaner ships to be in line with EU state aid rules. In particular, the

J.F. Lehman & Company acquires IMECO

JANUARY 7, 2013 — J.F. Lehman & Company, which describes itself as “a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors,” says that certain of its investment

CIT Group launches maritime finance business

NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite