Transportation company Ultrapetrol (Bahamas) Ltd. regains compliance with the Nasdaq $1.00 per share minimum bid price requirement.Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…
Houston Maritime Arbitrators Association has introduced additional rules providing for Fast Track Arbitration.HMAA recognizes that the cost of arbitration can become prohibitive in smaller matters and the process time too lengthy. To remedy this…
SOLAS amendments to mandate enclosed space entry and rescue drills agreed by IMO Sub-Committee on Dangerous Goods, Solid cargoes & Containers.Draft amendments to SOLAS regulation III/19 to mandate enclosed space entry and rescue drills were agreed by the Sub-Committee on Dangerous Goods…
Statement issued by Federal Mediation and Conciliation Service (FMCS) extends bargaining agreement period to 29, Dec. 2012.In full the statement by FMCS Director George H. Cohen on United States Maritime Alliance and International Longshoremen's…
The Maritime & Port Authority of Singapore (MPA) issues guidance on use of privately contracted armed personnel on board its ships.The guidance is line with the revised interim guidance being promulgated by the International Maritime Organisation (IMO)…
A UK businessman refitted a canal boat to carry up to 45 passengers along the Staffs & Worcester Canal without paying heed to safety requirements.The UK registered Canal Boat Hatherton Belle is a 20 metre vessel that had been adapted…
NewLead Holdings Ltd. regains compliance with NASDAQ minimum market value of publicly held shares requirement.NewLead Holdings Ltd. (NASDAQ: NEWL) ('NewLead' or the 'Company'), an international shipping company owning and operating tankers and dry bulk vessels…
Greece's NewLead Holdings Ltd. receives NASDAQ notification letter regarding minimum bid price requirement.NewLead Holdings Ltd announce they have received a written notification from the NASDAQ Stock Market LLC ('NASDAQ') indicating that…
The ILWU and ILA recently met in Washington, D.C.: first item on agenda was report on progress of East Coast USA contract negotiations.The meeting was attended also by ITF President and Maritime Union of Australia (MUA) National Secretary Paddy Crumlin and ITF Maritime Coordinator Steve Cotton…
United States Attorney Donald J. Cazayoux, Jr., announced that, yesterday, CLEOPATRA SHIPPING AGENCY, LTD., a Greek vessel management company, pled guilty to violating the Act to Prevent Pollution from Ships and was sentenced to pay a $300,000…
The Petroleum Safety Authority Norway (PSA) will investigate the recent stability incident on the mobile rig 'Scarabeo 8'.Scarabeo 8 is a semi-submersible drilling facility owned by Saipem SpA Norwegian Branch (Saipem). The facility is currently…
Experts state in a leaked pre-trial report that the cruise giant failed to act in 'Costa Concordia' accident.Europe’s biggest cruise operator Costa Crociere may have failed to act promptly in the Costa Concordia disaster, according to a…
The third meeting of the Navigation Safety Advisory Group (NSAG) recently met to consider safety of navigation concerns in Australian waters.(NSAG is the peak consultative body for matters relating to the Australian Maritime Safety Authority's…
A new Bill currently before Parliament transfers some responsibilities from Maritime New Zealand to the Environmental Protection Authority.The Marine Legislation Bill had its first reading in Parliament on 11 September 2012.The Bill…