Crude price volatility may not have completely closed the funding doors for US high-yield energy companies as private equity firms and new funds prepare to snap up juicy yields on offer after a recent slump in the sector's bonds.In a likely sign of things to come…
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period and full year ended December 31…
Mr. Shashi Kiran Shetty, chairman of the Indian logistics multinational Allcargo Logistics, has been appointed Commander of the Order of Leopold II by King Phillip of Belgium. The honour was presented to Mr. Shetty by H.E. Jan Luykx, Belgian ambassador in New Delhi…
Coast Guard crews at Station Burlington, Vermont, are urging Lake Champlain locals and visitors to use extreme caution on the lake and surrounding waters this weekend.With more snow forecasted, unsafe ice may be hidden from view and poses…
In order to remain competitive and reduce costs, the management of Viking Supply Ships A/S (VSS) has decided to close down the Aberdeen office with effect from 1 July 2015.The Aberdeen office has operated the Viking PSV fleet and the organisational…
*Sales of NOK 9.2 billion 4Q 2014 vs NOK 7.5 billion 4Q 2013*Earnings before interest, taxes, depreciation and amortization (EBITDA) of NOK 786 million vs NOK 661 million a year earlier*Earnings before interest and taxes (EBIT) of NOK…
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture…
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first…
Capt. Rod Hutton, deputy commander for the Enlisted Women in Submarines Task Force, led the Enlisted Women in Submarines Road Show to different military bases in the San Diego area Feb. 9-11.The road show is spreading the word that the…
Former Port of New Orleans Cruise and Tourism Director Robert Jumonville received the 2015 American Association of Port Authorities (AAPA) Cruise Award yesterday during the AAPA biennial Cruise Seminar in Fort Lauderdale, Fla. The AAPA…
New leadership for BOEM’s Office of Renewable Energy Programs The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP)…
Neptune Orient Lines (NOL) reported a 2014 net loss of $260 million today, marking the third consecutive year in the red for the Singapore-based global shipping company.NOL, parent company of APL, did reduce its 2014 fourth quarter Core EBIT (Earnings Before Interest…
A unit of one of the world's biggest cruise operators sought to reassure Italy on Friday that plans to transfer some of its operations to Germany did not mean it would move abroad. Costa Cruises, part of Carnival Corp, is based in the northern Italian port of Genoa…
When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long. 'I knew it was coming,' he said. 'I wasn't the first to be let go.' The 27-year-old Houston native…
Waterways Council, Inc. (WCI) presented the 14th Annual Leadership Service Awards to Senator Lamar Alexander (R-Tenn.) and Senator David Vitter (R-La.) for their “strong and continued leadership on ports and inland waterways issues,” WCI announced…