Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime operations to promote the sustainable use of the world’s oceans. The World…
Highlights of Navios Maritime Holdings Inc. Financial Results for the Third Quarter and Nine Months Ended September 30, 2014:Revenue25% increase to $152.6 million for Q3;10% increase to $420.2 million for nine monthsEBITDA5% increase to $42…
After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support for coalition forces as part of Operation MANITOU. Senator the Hon Concetta Fierravanti-Wells…
Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21.The tanker was loaded at the Sokol single-point oil terminal located 5…
Inchcape Shipping Services (ISS) is advising that the Great Lakes - St. Lawrence Seaway System announced its closing schedule for the 2014 season yesterday.The closure period which commences on 1st December 2014 is detailed in full on Seaway Notice 11/2014…
EXMAR (Euronext: EXM) said that due to unfavorable current capital market conditions, it is delaying the launch of the contemplated initial public offering (IPO) of common units in the United States of EXMAR ENERGY PARTNERS LP (the MLP). In a release…
Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing the decrease in oil price as an overall positive for the world tanker market and…
China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U…
OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014. Nine months 2014 – Financial Highlights (IFRS accounts) USD millions…
Stolt-Nielsen Limited (Oslo Bors: SNI) said that on November 18, 2014, it agreed to purchase one million of its common shares (SNI) through a private tender of shares at a price of NOK 110.00 per share. The shares are purchased in accordance with the buy-back programme announced on November 18…
DryShips Inc. global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., off-shore contract drilling oil services, today announced the following: *…
Vessel performance monitoring and optimization solution ClassNK-NAPA GREEN was named the maritime industry’s top IT system by earning the IT Solutions Award at the International Bulk Journal (IBJ) Awards held at the Beurs-World Trade Center in Rotterdam on 17 November…
Stolt-Nielsen Limited’s board of directors has resolved to initiate a buyback program to purchase up to $50 million worth of its common shares, the company announced today.The buyback program will comprise up to 3,100,000 common shares, representing up to 4…
Genco Shipping & Trading Limited (OTCBB: GSKNF) has announced that John C. Wobensmith, the company's CFO has been appointed as President effective December 19, 2014. He succeeds Robert Gerald Buchanan, who will retire as of the same date. Buchanan has served as President of Genco since June 2005…
Rajaish Bajpaee, Chief Executive Officer of Bernhard Schulte Shipmanagement, will receive the Tanker Shipping & Trade Lifetime Achievement Award in recognition of a career spanning more than 40 years and characterized by outstanding commercial acumen…