maritime

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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

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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

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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

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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

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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

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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

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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