Scorpio Tankers Inc. signed a committed term sheet for a $92m credit facility with Credit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB to partially finance four of the five newbuilding 52,000 DWT product tankers…
Sindre Rotevatn (51) has been appointed finance manager and deputy managing director of Ulstein Verft AS. He will take up the position in November. “I am looking forward to joining ULSTEIN and to my new role as finance manager and deputy managing director of Ulstein Verft…
Norchem AS in Denmark (in which Laurence Odfjell, Chairman of the Board in Odfjell SE, has a controlling interest) has acquired 500.000 Odfjell B-shares at NOK 33 per share. Following this transaction, Norchem AS owns 25,966,492 A-shares and 1…
Australia’s Arrow Energy Holdings Pty Ltd confirmed that it has entered into a Scheme Implementation Agreement with coal seam gas company Bow Energy Ltd under which Arrow has agreed to acquire all of the shares in Bow for a cash consideration of A$1…
Statement from Bollinger Shipyards, Inc, Executive Vice President, Chris Bollinger: “The Bollinger organization is very pleased that the U. S. Coast Guard has awarded four additional Fast Response Cutters (FRC) to our on-going contract.…
Fast Response Cutter under construction.The Coast Guard awarded a $179.7 million contract option to Bollinger Shipyards of Lockport, La., September 22 for the production of four more Sentinel-class Fast Response Cutters (FRCs). This option…
Tidewater Inc. (NYSE: TDW) said that fiscal second quarter financial results for the three months ending September 30, 2011, are currently expected to reflect vessel revenues that are below the $255 million to $260 million range provided by the Company during its August 4…
Seoul shares finished down 5.7 percent on Friday, their biggest daily percentage loss in five weeks, with foreign investors taking flight as concerns about global economic stagnation deepened, according to a report on Reuters. Hyundai Heavy Industries…
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the details of the partial spin off of Ocean Rig UDW Inc. Based on 408…
Caribbean Tugz, LLC, an affiliate of SEACOR Holdings, Inc., Fort Lauderdale, Florida has awarded Great Lakes Shipyard, Cleveland, Ohio vessel construction contracts to simultaneously build two new state-of-the-art 50-ton bollard pull ASD tugboats…
Cleveland-Cuyahoga County Port Authority's Stepped up Mission to Foster Job Creation and Economic Vitality.The Cleveland-Cuyahoga County Port Authority’s Board of Directors approved a new Strategic Plan today focused on growing both the…
Tug Malta, the only company licensed for towage operations in Malta, is having a Royston enginei fuel consumption monitoring system fitted to its newest tug. The vessel is currently under construction at the Zamakona yard in Spain and when it…
International diving equipment technology company Divex are delighted to announce they have been selected by the Carbon Trust for support within the Offshore Wind Accelerator (OWA) programme for their Launch and Recovery technology. The…
Crude Carriers Corp. (NYSE: CRU) announced that, at a special meeting of Crude shareholders held today in Piraeus, Greece, its shareholders have approved the proposal to adopt the merger agreement dated May 5, 2011 providing for theacquisition of Crude by Capital Product Partners L…
Costamare Inc. (NYSE: CMRE)has reached agreements for the purchase and time charter of two secondhand vessels; time charter extensions for six existing vessels; and the disposal of two older vessels which the company agreed to sell for demolition…