Container & dry bulk vessel operators, Goldenport Holdings, sells the 1993-built container vessel 'Bosporus'.The sale, to an unaffiliated third party, Liberty Resources Inc. of Nassau, Bahamas, was for a cash consideration of US$ 7.5 million…
Thailand's Board of Investment (BOI) says the joint deep sea port will also surge new business & foreign investment into Thailand.BOI believe that the Dawei Deep Sea Port and Industrial Estate in Myanmar (Burma) will become an important drive for economic growth in this region…
U.S. Senator Robert Menendez pushes for approval of the $60.4 billion Sandy Recovery package now being debated in the U.S. Congress. Menendez took to the floor of the house of the Senate in response to criticisms being leveled by some Republicans…
CMB signed a $300msenior secured reducing revolving credit facility with DNB Bank ASA and Nordea Bank Norge ASA as lead arrangers and bookrunners, Belfius Bank nv/sa, Fortis Bank sa/nv, KFW IPEX-Bank GmbH and Skandinaviska Enskilda Banken AB (publ) as lead arrangers and ABN Amro Bank N…
Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'.Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity…
The Commission has awarded over €1.2 billion to 23 innovative renewable energy technology (RES) projects. The projects cover a wide range of renewable energy technologies from bioenergy (including advanced biofuels), concentrated solar power and geothermal power to wind power…
2013 budgets approval reflects strong financial performance & commitment to investments tied to its Strategic Action Plan. In 2013, the Port intends to continue improving its business lines by attracting more projects to its Foreign-Trade Zone and development finance programs…
The company is subject to the jursidiction of several courts, but restructuring is essential in order to avoid bankruptcy.The Company previously announced on 5 October 2012 that some of its subsidiaries which had obtained protective orders…
In a meeting of the creditor committee, and acting on the suggestion of the insolvency administrator, Berthold Brinkmann, P+S WERFTEN decided in favor of the Lürssen Group (Bremen) as the buyer of the Peene shipyard in Wolgast. This decision…
Dockwise ltd has taken notice of this morning's release on the agreement between Boskalis Westminster NV ('Boskalis') and Project Holland Fonds whereby the latter has committed to sell their shares in Dockwise for a price of Euro 18 per share…
NRF: East and Gulf Coast Strike Would Have Devastating Implications for the Retail Industry.The National Retail Federation today sent a letter to President Obama to express the retail industry’s growing concern if a contract agreement isn’t…
International accountant and shipping consultant Moore Stephens says it is regrettable that changes announced for inclusion in the UK Finance Bill 2013 have failed to remove exchange rate distortions from the calculation of capital gains on ships…
STX Finland is now lobbying the Finnish government on behalf of Royal Caribbean in a bid to get contract for third 'Oasis-class' cruise ship.A loan would help facilitate a deal to avoid Royal Caribbean building its third Oasis-class cruise ship in Germany or France…
Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today that its Board of Directors declared a special cash dividend of $2.00 per common share.The special cash dividend is payable to shareholders of record on December 24, 2012, and is expected to be paid on or about December 31…
EnerMech has signalled it’s about to step up international expansion with the appointment of mergers and acquisitions expert Ingrid Stewart. Mrs Stewart has joined the mechanical engineering group from investment bank Simmons & Company International…