Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report, just published. The latest result was up by 6 percentage points over the previous quarter…
General Maritime Files Plan of Reorganization and Disclosure Statement; Plan Supported by the Company's Key Senior Lenders. General Maritime Corporation announced today that it has filed a Plan of Reorganization (the 'Plan') and a Disclosure…
Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the 'Vessel'), a 2008-built 58,779 dwt Supramax bulkcarrier (the 'Charterer'), has continued to fail to provide payment due…
The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) has awarded a $36 million contract to Brunswick Commercial and Government Products (BCGP) to supply up to sixty 32-foot and 37-foot Boston Whaler Justice models…
Costa Crociere announced a compensation proposal for guests that have returned home after the Costa Concordia accident on January 13. This proposal is also the result of negotiations that Costa Crociere began with the consumer associations protecting guests’ interests…
The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. The…
Glen Paine, President, Maritime Industries Academy Foundation (MIAF) announced that the Steamship Trade Association of Baltimore Charitable Legacy, Inc. donated $10,000 to the MIAF non-profit charity, which was setup to support Baltimore’s only maritime high school…
Star Bulk Carriers Corp. (Nasdaq: SBLK), said that its Board of Directors approved the extension of the Company’s Share Repurchase Plan, which has been in place since 2010, to December 31, 2012. The plan calls for the repurchases of Common…
While forecasts of financial gloom dominate mainstream news casts, there is an emerging feeling of optimism in fo the near term prospects for the oil and gas business. Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure this year…
Sahar Zarghamian joins OW Bunker as a Bunker Trader. OW Bunker, a supplier and trader of marine fuel, today announced the appointment of Sahar Zarghamian as a new Bunker Trader on its Fujairah desk in a move that further strengthens OW Bunker’s presence in the Middle East…
Miami River Compnay Sen tenced to Five Years Probation and $1,000,000 Fine for Oil Pollution and Ballast Water Crimes. Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Rear Admiral William D. Baumgartner, Commander…
Cadden, specializing in electronic measuring systems for geopositioning and oceanography, is entering a new growth phase. The Nantes-based small business wants to earn 20% of its sales internationally within 2 years. To achieve this goal, a new “export” sales representative has joined the team…
Euronav NV (EURN) canceled an order for a suezmax tanker to preserve cash following six quarters of unprofitable rates for its biggest vessels, according to a Bloomberg report. The 4Q net loss widened to $50.7 million from $17.6 million a year earlier…
A typical driveway mechanic can open up the hood, dive into a car’s guts and emerge hours later with an understanding of what is wrong. Even if the mechanic can't get the engine to purr, the situation usually ends up no worse than when he started…
While it could be months if not years before the full details of the crash and capsizing of the Costa Concordia are fully revealed and understood, early indications point to human error, specifically an “unapproved, unauthorized maneuver” to divert from its programmed course by the captain…