Nordic American Tankers Ltd. Letter to Shareholders From the Chairman and CEO - NAT Is Different.Dear Shareholder,It is time to update you on recent developments in the Company and our industry. As we have stated before, it is at times…
Safety specialist Survival Craft Inspectorate wins multimillion-pound Shell contract. Aberdeen-based marine safety specialist Survival Craft Inspectorate has secured a multimillion pound contract to supply and service life-saving equipment in Shell’s Southern North Sea sector…
Alaris Companies (Alaris) is helping the U.S. Coast Guard to save taxpayer dollars, decrease energy usage, and reduce greenhouse gas emissions with a unique fleet energy management program. Working under a previously announced Michael Baker Jr…
CMA CGM, the world’s third largest container shipping company, reported revenue of $7.3b for the first six months of 2011, an increase of 8% compared with the year-earlier period. Business benefited from an increase in volumes carried and stable freight rates on most of the group’s lines…
Veson Nautical, a provider of maritime commercial management and trading software solutions, today announced that Dampskibsselskabet NORDEN A/S (NASDAQ OMX Copenhagen A/S: DNORD), one of the oldest and most respected listed shipping companies in the world…
The 65 oil companies covered in DnB NO’s fifth annual E&P spending report expect a spending increase of 14% in 2011, 8% in 2012 and 7% in 2013. For 2011 we expect activity growth in line with last year; however, service costs are increasing…
Commitments Secured to Move Forward with Refinancing; Consummation of Transaction Expected by the End of September.Horizon Lines, Inc. announced that it has entered into a definitive agreement and secured commitments from holders of more than 99% of its 4…
Initial deal worth $165 million; $300 million for 6 additional newbuilds and another $500 million for acquisitions also approved. Harvey Gulf International Marine announced Saturday that it will sign a deal for three LNG vessels to be built by Signal Shipbuilding…
The world’s demand for safe and clean energy continues to grow, with renewable sources playing an every greater role. Wind power generation, having expanding offshore, is now not only looking out but up. International renewable energy consultancy…
Largest class to graduate Austal’s Apprenticeship ProgramAustal USA honored graduates of Austal’s cutting-edge four-year apprenticeship program with a banquet at the Arthur R. Outlaw Mobile Convention Center in Mobile, Alabama. The 38 graduates…
DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight…
OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…
The second quarter of 2011 saw slightly improved time charter equivalent (TCE) revenue resulting in improved results compared to the first quarter 2011, and led to an impoved H1 2011 EBITDA compared with H1 2010. EBITDA in Q2 2011 was $4.8 million…
The Shipowners’ Club recently announced measures to reorganise its London branch. This included the setting up of two internal syndicates, bringing together both underwriters and claims handlers specialising in specific geographical regions…
DOT says $527 million available in this round of funding.Dates & Location:From - Aug 30, 2011 13:00:00To - Aug 30, 2011 14:30:00Location - WebinarPresident Barack Obama and U.S. Transportation Secretary Ray LaHood agree that investing…