Following on from an earlier announcement of the US$200-million offering, Ultrapetrol now give provide greater detail.The company has priced the offering of $200 million in aggregate principal amount of its 8.875% First Preferred Ship Mortgage Notes due 2021 (the 'Notes')…
The Port of Long Beach's Green Flag and Green Ship annual awards honored 20 shipping lines for efforts to improve air quality.Efforts to improve air quality locally were accomplished by slowing ships down or deploying cleaner vessels, or both…
Halyard Marine’s Chairman, James Grazebrook has completed a 170-meter abseil down Portsmouth’s 550-foot Spinnaker Tower.James Grazebrook, founder of South Coast based marine exhaust specialists, Halyard, and four other brave RNLI committee members…
The new president of BIMCO, John Denholm, has identified environmental pressures facing the shipping industry as some of its most significant current challenges as he embarks upon his two year term. Speaking in Paris, as he took over the presidency…
U.S. Transportation Secretary Ray LaHood announced the appointment of seven members to the United States Merchant Marine Academy (USMMA) Advisory Board. The USMMA Advisory Board serves as an independent body whose purpose is to examine the course…
Crews aboard naval vessels benefit from having a stable operating platform to help carry out their specialized missions with optimal safety and efficiency. An increasing number of U.S. Navy craft now use Seakeeper actively controlled gyro stabilization systems to mitigate ship roll…
Minister Trond Giske, Secretary General Koji Sekimizu, Chairman Masamichi Morooka and Director General Sturla Henriksen will meet the press at on Wednesday, June 5 at 2 p.m. to discuss at a major Summit in Oslo, where the Board of the International…
Mitsubishi Heavy Industries, Ltd. (MHI) to form a company dedicated to its marine machinery & marine diesel engine business as from October 1, 2013. The new entity, which will be headquartered in Nagasaki and have business bases in Nagasaki…
Royal Caribbean Cruises Ltd. has quantified the financial impact of the recent fire on board their 'Grandeur of the Seas'.The cruise ship, Grandeur of the Seas, experienced a fire in an industrial area on the aft of the ship. The company…
Washington State Ferries' (WSF) team gears up to head for meetings with ferry-served communities.With the 2013-2015 transportation budget signed, Washington State Ferries will meet the public to discuss the implications of the budget, as well as new vessel construction progress…
Newport News Shipbuilding (NNS) appoints John Temple as Vice President of Contracts Management for Savannah River Nuclear Solutions (SRNS).Huntington Ingalls Industries (NYSE:HII ) announce that John Temple has been promoted to vice president…
Accredited Certification Bodies (ACB’s) to discuss its quality system certification scheme (QSCS) at upcoming meeting.IACS will be inviting flag administrations, Classification Societies, ACBs and other interested stakeholders who attended…
Mike Sumruld has been named Vice President and Treasurer of the giant oil-field services provider.'Mike brings more than 20 years of diversified financial expertise, international experience and a record of solid performance within Baker Hughes to his new role as Treasurer…
The North American Marine Environment Protection Association (NAMEPA) and Capital Link announced today a strategic cooperation to promote best practices in marine and environmental issues.NAMEPA, officially launched in 2007, is a maritime…
MUA Elects New Slate of Officers and Board MembersUnderwriters, brokers, claims personnel and key industry suppliers converged on the Intercontinental Hotel in Buckhead Atlanta last week for the 83rd Annual Meeting of the Inland Marine Underwriters Association(IMUA)…