Finance News


Murray, Cantwell to Unveil American Ports Legilation

Aug 13, 2013

On Thursday, August 15th, at 10:00 AM, U.S. Senators Patty Murray and Maria Cantwell, Port of Seattle CEO Tay Yoshitani, and Port of Tacoma CEO John Wolfe will hold a press conference at the Bell Harbor Conference Center rooftop deck overlooking…

Coast Guard Foundation Hires Northeast Director

Aug 13, 2013

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today the addition of Susan Ludwig to its staff as Regional Director of Philanthropy. Based in Fairfield County…

GLDD Q2 2013 Results: Demolition Segment Strategy for Review

Aug 11, 2013

Great Lakes Dredge & Dock Corporation (GLDD) the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, report financial results for the 3 and 6 months ended June 30…

U.S. Economy Gained $42 Billion from Cruise Industry in 2012, Study Finds

Aug 09, 2013

The North American cruise industry continued to be a substantial contributor to the U.S. economy in 2012 according to an independent study commissioned by Cruise Lines International Association (CLIA). The study shows that CLIA’s 26 North American…

Huntington Ingalls Reports Q2 Results

Aug 07, 2013

Program Execution Generates Operating Margin and EPS Growth•Revenues were $1.68 billion for the second quarter of 2013•Segment operating margin was 8.1%, a 70 bps improvement over Q2 2012•Total operating margin was 6.9%, up from 6.2%…

GL Shares Ship Management Study Results

Aug 02, 2013

Germanischer Lloyd (GL) will introduce the results of a joint global study on 'Best Practice in Ship Management', conducted with the Fraunhofer Center for Maritime Logistics and Services (CML), to the Hong Kong Shipping community on August 7…

New IFRS for Consolidated Accounts Could Raise Issues For Shipping

Jul 30, 2013

International accountant and shipping adviser Moore Stephens said shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements…

Tsakos Energy Navigation Limited Declares Dividend

Jul 17, 2013

Tsakos Energy Navigation Limited (NYSE: TNP), announced that its Board of Directors a cash dividend of $0.44444 per share of its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Prefered Shares”; NYSE; TNPPRB) for…

Dryships Announces $1.8B Term Loan Facility

Jul 15, 2013

DryShips Inc. (NASDAQ: DRYS) through its majority owned subsidiary, Ocean Rig UDW Inc., announced that Ocean Rig, through its wholly-owned subsidiaries, Drillships Financing Holding Inc. (“DFHI”), and Dr illships Projects Inc., entered into a $1…

FSL Appoints New Independent Director

Jun 28, 2013

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), has announced the appointment of Michael J. Oliver to its Board of Directors.Mr. Oliver has more than 40 years of international experience in the banking and financial services industry…

Pilotage Charges on Houston Ship Channel: Public Comments Invited

Jun 27, 2013

The Board of Pilot Commissioners for Harris County Ports is requesting public comments on proposed revisions to Section 9 Pilotage Charges of the Rules and Regulations Governing Pilots and Pilotage on the Houston Ship Channel between the Galveston Bar and Turning Basin…

Welsh Secretary Says Ports are Vital for Economy

Jun 27, 2013

The Welsh Secretary of State David Jones has announced his intention to host a reception during September’s London International Shipping Week to highlight the importance of the Welsh maritime sector. And he has highlighted the economic importance of Welsh ports…

Garamendi Advocates for Rebuilding USCG Fleet

Jun 27, 2013

Congressman John Garamendi (D-Fairfield, Calif.), the Ranking Member of the House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation, announced his strong concern regarding the critical need to provide…

Creditors to Pursue ARA Vessel Arrests as Bankruptcies Escalate

Jun 25, 2013

Rotterdam-based law firm AKD says that creditors of ailing shipping groups such as STX Pan Ocean of South Korea, and TMT of Taiwan, could seek to take advantage of prevailing bankruptcy laws to enforce vessel arrests and other attachments in the Amsterdam-Rotterdam-Antwerp (ARA) region…

Senior Appointment at Moore Stephens

Jun 25, 2013

Moore Stephens Isle of Man, providers of multi-sector accountancy, consultancy and wealth management services is pleased to announce the appointment of Barbara Jolly as a client service manager in Moore Stephens Trust Company. Her focus will…

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