Printable version
Newsletter
sign up
Titan Mercury sold
Titan Petrochemicals has offloaded another of its single-hulled VLCCs to a Thai shipowner.
Shipping Index
Weekly paper
Archive
WebTV
S&P data
Jobs
Notice Board
RSS feeds
ShipX Auctions
LNG Unlimited
Conferences
S&P data
Jobs
Notice Board
RSS feeds
ShipX Auctions
LNG Unlimited
Conferences
President quits
Fernando Sanchez Ugarte has quit as president of Mexican tanker and offshore owner Grupo TMM.
Chairman and CEO Jose Serrano, however, will continue in his current post, a statement says.
Grupo TMM said: “These changes resulted from the financial restructuring executed last December, which strengthens the company and assures its financial viability.”
Ugarte had been in the top job for two years.
Last year the Mexico City and New York-listed company completed a debt restructuring process by converting debt owed to a Serrano-controlled firm into $41.2m in new equity. VEX received 46.8 million new shares in the deal.
Latest News
Chittagong raised
Asian Feeder Discussion Group to implement rate restoration on Singapore-Bangladesh route in April.
Boxship attacked
E R Schiffahrt vessel ER Lubeck evades pirate assault in Somali Basin but sustains light damage.
Texas tax fight
Gulf Coast player challenges US tax authorities over unfavourable designation of time charter income.
Molaris heads IPO
Former Quintana and Excel chief rides back into Wall Street at head of $270m bulker and tanker float.
Rich get richer
Brazilian magnate Eike Batista joins world’s top 10 rich list, while Fredriksen drops Ofer to ride back into Forbes’ top 100.
AIDAluna dented
Second Costa Crociere-owned cruiseship bashed against quay, this time in La Palma, but no one hurt.
Bubble trouble
Defective compass puts Turkish ship on collision course with UK inspectors while Greek bulker freed.
Top Jobs
- Ship Manager
Pacific Basin Shipping Limited
- General Manager - Head of Operations
NORIENT Product Pool Aps
Latest Positions
- Fleet Manager
- Worldwide chartering/broking opportunities (dry/wet)
- Worldwide operations & technical opportunities
- Ship Manager
- Asst Operations Manager / Marine Superintendent / AHTS Specialist
- Site Project Manager
- Group Sales and Marketing Director
- Head of Communications
- Safety and Quality Manager
- Dry Cargo Brokers
- Managing Director
- Shipping Operator
- Dry Bulk Operator
- VOLVO HYDRAULIK PUMP
Next bid: US$ 100
- 1978 Alfa Lavel MAPX 309
Next bid: US$ 100
- 1977 Alfa Laval Mapx 204
Next bid: US$ 100
- 2008 Wartsila 6L32 Marine Generators
Next bid: US$ 1800000
- Cummins KTA19 540 HP
Next bid: US$ 100
- ALFA LAVAL PLATE COOLER - PLATES
Next bid: US$ 50
- SOLAS APPROVED PILOT/LIFE BOAT
Next bid: US$ 100
- 2000 ULSTEIN , PH 11-H
Next bid: US$ 100
- B&W, L 45 GF
Next bid: US$ 100