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…
Greene’s Energy Group (GEG), a provider of integrated testing, rentals and specialty services, has named Brad Farnsworth as Chief Financial Officer, announced Chief Executive Officer Bob Vilyus. Based in Houston, Farnsworth will report…
The National Marine Manufacturers Association (NMMA) and Marine Retailers Association of the Americas (MRAA) today announced a joint donation of $10,000 to the Marine Trades Association of New Jersey (MTA/NJ)’s Recovery & Relief Fund to provide…
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with Augustea Bunge Maritime Limited, Malta, through a separate wholly-owned subsidiary…
The standard charter party laytime definitions known as 'VOYLAYRULES' are being updated to reflect developments in case law & commercial practice.VOYLAYRULES, which are jointly produced by BIMCO, FONASBA, INTERCARGO and CMI, last published in 1993…
Global energy and commodity price reporting agency Argus has launched a daily marine fuels pricing and analysis service, Argus Marine Fuels. It provides market data and intelligent analysis of the increasingly complex marine fuels market. Trade in marine fuels is changing quickly…
OpenGate Capital, LLC, a private investment and acquisition firm, acquires Zodiac Recreational from Zodiac Marine & Pool.Zodiac Recreational designs, manufactures and distributes inflatable and Rigid Inflatable Boats (RIBs). Zodiac is a recognized…
International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson says…
In his New Year message, Mitsui O.S.K. Lines President Muto predicts loss in 2013 of same magnitude as last year, suggests new business model.Excerpts from Mr. Muto's message follow:'The marine transport industry has faced a challenging…
Equinox Offshore Accommodation Ltd. faced with a winding-up petition for a US$600,000 claim, applies to Singapore Court for 'judicial management'.The Board of Equinox Offshore was not able to resolve the matter relating to the winding up petition…
J.F. Lehman & Company investment affiliates acquire AMECO, provider of electro-mechanical solutions to the defense, aerospace and maritime sectors.IMECO, based in Iron Mountain, MI, is a leading independent domestic provider of turnkey marine electro-mechanical solutions for U…
Seanergy Maritime Holdings Corp. has completed the sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited (BET). The Buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the Company’s major shareholders…
Maritime Workers Applaud Congressional Passage, Presidential Signature of Coast Guard Bill. On behalf of the American Waterways Operators (AWO) and its 350 member companies, AWO President & CEO Tom Allegretti thanked bipartisan leaders in…
BIMCO has published its Reflections 2013, a concise, condensed and thought-provoking analysis of the challenges facing the shipping industry today and during the coming year. Shipping is a key facilitator of world trade and the performance…