In response to the various media articles relating to the STX Group’s plan to sell a 20 percent stake in STX OSV Holdings Limited ('STX OSV'), the Board of STX OSV understands after clarification with STX Europe Holding AS (“STX Europe”), that…
ATHENS, GREECE – April 18, 2011 - DryShips Inc. (NASDAQ: DRYS) (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced the signing…
Athens, Greece, April 12, 2011 - Omega Navigation Enterprises, Inc. (NASDAQ:ONAV), a provider of Global Marine Transportation services specializing in product tankers, announces that it has reached an agreement with its lenders to amend the…
LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) completed its previously announced open market partial tender offer ('Offer') for SNL common shares with a total maximum value of $47 million. SNL bought back 1,825,900 shares at a price of NOK 140 per share at a total cost of $46…
Following the historic crisis year of 2009 and a first-time ever decline in global transports in container liner shipping, 2010 saw an unexpectedly sharp volume rise.Hamburg Süd, too, benefited from a resurgent world economy along with her…
General Maritime Corporation (the 'Company') (NYSE: GMR) announced today that the underwriters of its recent public offering of 23,000,000 shares of the Company's common stock fully exercised their over-allotment option to purchase an additional 3…
Harris Corporation, an international communications and information technology company, has completed its previously announced acquisition of the Global Connectivity Services (GCS) business from an operating unit of Schlumberger.Harris combined…
ATHENS, Greece, April 4, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes and containers, announced today that its wholly-owned subsidiary, Box Ships Inc. ('Box Ships')…
General Maritime Corporation ('General Maritime' or the 'Company') (NYSE: GMR) announced today the pricing of its underwritten public offering of 23,000,000 shares of newly issued common stock at a price to the public of $2.00 per share. General…
Overall confidence levels in the shipping industry dropped for the third successive quarter in the three months ending February 2011, to reach their lowest level for fifteen months, according to the latest survey by leading accountant and shipping adviser Moore Stephens…
While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner have teamed with Seaspan Corporation…
18th consecutive year of profitability Company declares quarterly dividend of $0.15 payable in April 2011 Total dividends reach $333 million since 2002 NYSE listing 2010 HIGHLIGHTS- Voyage revenues of $408.0 million. - Operating income of $80…
Daewoo Shipbuilding & Marine Engineering aims to secure $11 billion in orders next year, according to a Reuters report. The global news service quoted Sang-tae, chief executive of the South Korean shipbuilder, that the firm took $11,2 billion in orders this year…
Northrop Grumman Corporation (NYSE: NOC) reported that third quarter 2010 earnings from continuing operations increased to $489 million, or $1.64 per diluted share, from $464 million, or $1.45 per diluted share, in the third quarter of 2009…
Stolt-Nielsen S.A. (Oslo Børs: SNI) said its wholly owned subsidiary Stolt Tankers B.V. received a full refund of $84.5 million plus accrued interest, as part of an early termination agreement with SLS Shipbuilding Co. Ltd. (SLS) of South Korea to cancel newbuilding contracts for two 43…