Blumenthal Holdings, Radiator Specialty Company (RSC) LLC owners, acquire a majority stake in Terresolve Technologies, Ltd. Terresolve Technologies, LTD, is a leading manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine…
Just a year since its launch, Wilhelmsen Ships Service (WSS) reports positive uptake of the ‘Your Strait Solution’ initiative – an integrated service solution for vessels passing through the Straits of Gibraltar.According to Nicholai Bado…
Singapore’s First Ship Lease Trust (FSL) report US$ 8.4-million loss for 2012, revenue slipped 4.2%.Financial report highlights: Successfully redeployed all spot vessels, but overall FY2012 performance affected by tough market conditions…
Bahri announce the Interim Consolidated Financial Results for the 12-month period ended 31st December, 2012.The National Shipping Company of Saudi Arabia (Bahri) report that Net profit, for the 12-months totaled SAR 500.4 million compared to SAR 287…
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand.The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion…
Work at the Peene shipyard is proceeding according to schedule – the Volkswerft shipyard will resume production on 21 JanuaryOn January 17, 2013, insolvency administrator Berthold Brinkmann gave a report about current developments at the…
Chairman of the Board of Directors, Fidelis Group Holdings LLC and Continental Underwriters, Ltd. For those in the marine insurance and underwriting communities, H. Elder Brown, Jr. needs no introduction. That’s because over the course of the past 27 years…
The European Union will co-finance with over €700,000 from the TEN-T Program a study to assess the possibilities of using a Public-Private Partnership (PPP) scheme to finance the development of terminals and transfer systems at the Port of Venice…
Capesize difficulties countered by smaller vessel gains. Drewry Maritime Research’s latest Dry Bulk Insight report published in Januray highlights the changing fortunes of the market.December saw a large drop in the Drewry Hire Index…
The South Carolina Ports Authority (SCPA) closed a year marked by new carrier services, inland port development & Charleston harbor deepening project.In results announced at the SCPA's regular meeting, container volume in Charleston was up 9…
Subsidiaries of Frigstad Deepwater Ltd sign construction contracts for two ultra deepwater semi-submersible drilling units from CIMC Raffles in Yantai, China.The 7th generation drilling units are of the Frigstad D90™ design, developed by…
The Dept of Defense exercise a 6-month option period for worldwide charter of a US-flagged passenger/cargo ferry.The vessel will support the Marine Corps, Third Marine Expeditionary Force, and will operate out of Okinawa, Japan. US Department…
Kirby Corporation To Announce 2012 Fourth Quarter And Year Results On January 30, 2013, With Conference Call On January 31, 2013. Kirby Corporation ('Kirby') (NYSE:KEX) will announce its 2012 fourth quarter and year results at 5:00 p.m. central time on Wednesday…
The insolvency administrator expects Volkwerft Stralsund Yard to resume work soon on the two DFDS RoRo newbuildings.The DFDS order had been previously cancelled when P+S Werften went into administration.Dr. Berthold Brinkmann, the administrator…
Retail Imports to Increase 2.3 Percent in January as Port Strike Threat Continues. Import cargo volume at the nation’s major retail container ports is expected to increase 2.3 percent in January over the same month last year as retailers…