International Shipholding Corporation closes public offering of $25 Million of its 9.50% Series A cumulative redeemable perpetual preferred stock.Dividends will be payable on the Series A Preferred Shares at an initial rate of 9.50% per annum of the stated liquidation preference when…
The Apprentice School gymnasium at Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division transformed.Using materials such as duct tape and marshmallows, NNS, in partnership with NASA Langley Research Center and the Peninsula Engineering Council (PEC)…
The three New York, New Jersey based Coast Guard tugboats of these names celebrate their 50th Anniversary.To celebrate their years of service, the 65-foot harbor tugs steamed together north on the Hudson River, beginning at the Poughkeepsie Walkway over the Hudson to Kingston…
Lindy Ghercke Wegener Friis has been appointed a trader in the company's head office.Lindy has previously been working in the sales department. He has now been appointed a member of the trading department in the company’s head office in Middelfart…
The American Equity Underwriters, Inc. (AEU) hired Jason Lake as Loss Control Manager. Jason joins the current staff of highly experienced loss control managers at AEU. His background will complement the staff of shipyard and marine cargo handling incident prevention experts at AEU…
20th Annual Dinner to be Held in New Orleans on March 1st, 2013.The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its 20th Annual…
The ITF has condemned as ‘utterly unbelievable’ a totally unexpected decision by a court in Morocco to jail trade union leaders Said Elhairech and Mohamed Chamchati. Elhairech the general secretary of the Moroccan Ports Union, part of the ITF-affiliated UMT…
Kim Pedersen, 47, has been appointed Executive Vice President of Geodis Wilson. Starting March 1st, 2013, he will be heading the global Freight Forwarding division of Geodis. In taking this position he also becomes a member of the group’s executive management…
Genco Shipping & Trading Limited reports its financial results for the three and twelve months ended December 31, 2012.Financial Review: Full Year 2012The net loss attributable to Genco was $144.9 million or $3.47 basic and diluted loss per share for the year ended December 31…
Gulftainer has recorded a 24% overall increase on trade volumes in 2012 when compared with the previous year.Its Sharjah ports saw the greatest volumes throughout the year, with Khorfakkan Container Terminal seeing growth of 28 per cent on its 2011 figures with a staggering throughput of over 3…
Energy industry project & construction management firm Universal Pegasus International (UPI) appoint two senior vice-presidents.The company name Tom Davison as Senior Vice President of Onshore Operations and Martin Morrison as Senior Vice President of Offshore Operations…
Yale University School of Medicine presents preliminary results of the Future Care, Inc. / Yale University Seafarer’s Health Study.In a presentation conducted in the Union League Club in New York City, Yale University Occupational and Environmental…
Culminating a three-year effort, Marine Pollution Control, in conjunction with the Coast Guard’s Research, Development, Test and Evaluation (RDT&E) program, will participate in an Oil-in-Ice Exercise in St. Ignace, MI, the week of February 18…
The latest Maritime Employment Report from international specialist recruiter, Faststream, places a sharp focus on the gap that exists between perception and reality across the industry. Not surprisingly, seafarers seeking a shore career…
Renewable energy technology developer, Principle Power, was awarded a Department of Energy grant worth $4M and up to $47M in total funding, to support its WindFloat Pacific Demonstration Project.Principle Power has announced the list of official project partners…