Ardmore Shipping Corporation announced that GA Holdings LLC intends to offer for sale in an underwritten public offering 4,000,000 shares of the Company's common stock. The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 600…
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report…
COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015. Sevan Drilling and Cosco have agreed to exercise the first six-month option to extend the deferral agreement to April 15…
The shares of German container line Hapag-Lloyd will now be offered at between 20 and 22 euros ($22-$24.20) each, down from 23-29 euros previously, reports Reuters. Its initial public offering on the stock exchanges in Hamburg and Frankfurt set to commence on November 6…
Marlow Navigation and Kherson State Maritime Academy (KSMA) have renewed their longstanding maritime training cooperation in Ukraine. The agreement was signed between Marlow Navigation’s Chairman, Hermann Eden and Rector of KSMA, Professor V…
Shipping company NYK announced it has switched the coffee served inside its head office reception rooms to a brand carrying the International Fairtrade certification mark. More than 50,000 cups of coffee are served in the NYK head office reception rooms every year…
Ocean Signal is introducing its new rescueME MOB1 for the first time at Europort with Netherlands distributor True Heading. Suitable for a range of commercial applications and already selected by operators in the renewables market for use by windfarm workers…
Trelleborg’s marine systems operation has announced plans to host a one-day seminar for port consultants on November 11 at the Windsor Excelsior Hotel in Rio de Janeiro, Brazil. Designed to provide consultants with everything they need to…
Though raised in Germany’s industrial heartland, Philipp Wallutis has chosen to pursue a life at sea. Currently a second officer on board a Hapag-Lloyd ship, he might one day proudly wear the four stripes of a captain. Never let it be said…
Marine Corps colonel selected as new liaison to Port of Long Beach Board U.S. Marine Col. Richard Jordan was selected by the Long Beach Board of Harbor Commissioners last week as the new Chief of Staff, to assist the Commission in making key decisions in governing the Port of Long Beach…
Wreckage found on the ocean bottom off the Bahamas has been confirmed by the National Transportation Safety Board to be the lost cargo ship El Faro, which sank with 33 crew aboard October 1. Wreckage consistent with the 790-foot El Faro was discovered upright and intact by a U…
Lori J. Quinn, shareholder in the Manhattan office of Marshall Dennehey Warner Coleman & Goggin, has been named a Proctor in Admiralty by the Maritime Law Association of the United States (MLA). Founded in 1899, the MLA is devoted to advance reforms in the maritime law of the U…
Caterpillar Marine’s dealer in Turkey, Borusan, has signed a Letter of Intent (LOI) with Turkish shipbuilder Sanmar Shipyards for the supply of a range of propulsion units over the next three years. The LOI covers the supply of Cat propulsion…
A rapid response by Royal Australian Navy patrol boat HMAS Pirie’s crew may have saved the life of a crew member onboard an Australian fishing vessel, the Australian Department of Defense announced.The Armidale Class patrol boat was conducting…
UPS announced plans to construct a new 32,000-square-meter package sorting and delivery facility at the DP World London Gateway logistics site in the south east of England. At close to $184 million, this project constitutes one of UPS’s largest…