The U.S. Department of Transportation’s Maritime Administration today announced that America’s six state maritime academies – California Maritime Academy, Great Lakes Maritime Academy, Maine Maritime Academy, Massachusetts Maritime Academy,…
The United States of America’s Navy is arguably the most powerful in the world, and the most immediate threat it faces may not be from China, Russia or Iran, but U.S. Congress. The use of sequestration as a budget reduction tool has resulted…
Applied Weather Technology, Inc. (AWT) announced the conclusion of an agreement with weather specialist company StormGeo under which the full shareholders stock in the company has been acquired by Norwegian based StormGeo A/S .Following the acquisition…
Canada’s two largest west coast ports are now both offering financial incentives to shipowners based on the ‘A to G’ Greenhouse Gas Emissions (GHG) rating, which benchmarks the energy efficiency of the international shipping fleet.Port Metro…
Euroseas Ltd. has announced that it entered into an agreement to sell 25,000 shares of its Series B Convertible Perpetual Preferred Shares to a fund managed by Tennenbaum Capital Partners, LLC (TCP) and 5,700 shares to Preferred Friends Investment Company Inc…
Corporate Knights has ranked Statoil number four, and the number-one energy company, on the Global 100 list of the world’s most sustainable corporations. The announcement was made at the World Economic Forum in Davos, Switzerland last week.The…
Huntington Ingalls Industries (HII) announced today that its Ingalls Shipbuilding division has awarded nearly $108,000 in grants for 25 different projects from schools and educational organizations in Alabama, Mississippi and Louisiana. The grants…
BMT Asia Pacific (BMT) have launched Port Choice Model and Port 360° to evaluate the competitive advantage of a given port within its environment. BMT explain that they developed the tools following years of academic research and professional consultancy assisting governments and stakeholders…
Matson, Inc. has announced that it will release its financial results for the Fourth Quarter and Full Year 2013 on Tuesday, February 25, 2014.President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial…
AAPA cites funding for navigation, as well as grants for TIGER, port security, diesel emissions reductions In applauding Congress’ passage late yesterday of the $1.1 trillion Consolidated Appropriation Act of 2014, the American Association…
Hypertherm, a U.S. based manufacturer of plasma, laser and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure…
Euronav NV announced that on January 10, 2014 its share capital was increased following the exercise of the conversion option of 491 convertible bonds issued in 2013 and maturing in 2018. That resulted in the issuance of 8,163,810 new ordinary shares…
FleetWeather Ocean Services, Inc. (FleetWeather) was the first to bring BI analytics and big data services to global shipping companies. New services provide insight, intelligence and innovation for global shipping leaders.FleetWeather says it recognized that business intelligence tools…
Nordic American Tankers Limited (NAT) issued a letter to shareholders from the company’s chairman and CEO, Herbjorn Hansson, noting improved market conditions for NAT’s Suezmax tankers.In a December 10, 2013 letter to shareholders, Hansson…
International accountant and shipping adviser Moore Stephens believes that the shipping industry’s fortunes should be noticeably improved by 2015 if it maintains the recovery which got under way last year. But it warns that the prospects for…