The Ship Structure Committee (SSC) is re-soliciting research project recommendations for fiscal year 2013-2014.The strategic goal of the SSC, which is composed of a wide spread of shipping industry interests, aims to dentify gaps in ship structural knowledge…
US-based shipyard Conrad Industries Inc. announce third quarter and 9 months ended 30, Sept. 2012 financial results and backlog.For the quarter ended September 30, 2012, Conrad had net income of $4.4 million and earnings per diluted share of $0…
Overseas Shipholding Group, Inc. starts Chapter 11 process to reduce debt & other financial obligations to create more solid financial foundation.The Chapter 11 petition for itself and certain operating subsidiaries was filed in the U.S…
Aberdeen (Scotland) based global shipping and energy services firm, Craig Group, has announced healthy results for the year ending April 2012.The privately owned, family-run business has reported turnover of £123.3 million with operating profits of £14…
Dolphin Marine, suppliers of marine geophysical services, presents Q3 and first nine months of 2012 financial resultsHighlights:· Revenues of USD 61.2 million, compared to USD 43.0 million in Q3 2011 · EBITDA of USD 28.9 million (47…
The intitiative is aimed to provide new opportunities for finance professionals and capital hungry maritime companies from around the world.To highlight more of the maritime value chain at its leading maritime event week, Nor-Shipping will enable copmanies to pair up…
Fidelis Group Holdings LLC Announces Additional Excess Marine Liability Capacity For The Maritime Industry.Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., a leader in providing Marine Insurance coverages and services…
The new company, CIT Maritime Finance will originate & underwrite blue water vessel financing & its managing director is Svein Engh.CIT Maritime Finance will offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels including tankers…
Container ship owners Hapag-Lloyd report increased revenue and profits in the third quarter 2012.Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although the market environment remains challenging…
Executive Director Len Waterworth has implemented a reorganization of the management structure of the Port of Houston Authority designed to enhance efficiencies, drive higher profitability and ensure greater accountability, consistent with the Port Authority's vision and mission…
In its interim third quarter financial report the company says it remains on track to attain its long-term profit target.Maersk Drilling’s profit in the third quarter 2012 was US$ 87-million compared to US$ 139-million in the third quarter of 2011…
Rolls-Royce state that trading is consistent with the guidance for the Group provided at its half-year results in July 2012.For the full year, the Group continues to expect good growth in underlying revenue and underlying profit, with cash…
Maritime & Port Authority of Singapore awards MINT ((Maritime Innovation & Technology) funding to LiqTech International, Inc. subsidiary LiqTech Pte Ltd.The award is for the development of a Ballast Water Treatment System (BWTS). LiqTech…
Port & maritime logistics services providers Wilson Sons Ltd. records record EBITDA of US$ 47.4-million in the third quarter of 2012.Highlights:The Company recorded Net Revenues of USD 157.5-million and record EBITDA of USD 47.4-million in the third quarter of 2012…
Ince & Co partner Jamila Khan has moved to the firm’s Piraeus office.Jamila has a broad practice covering all aspects of shipping and international trade and commodities disputes and commercial transactions. She has close links with…