The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013.Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013…
Ultrapetrol (Bahamas) Limited, an industrial transportation company serving marine transportation needs in three markets (river business, offshore supply business and ocean business), announced the appointment of Ms. Cecilia Yad as the Company's Chief Financial Officer…
The Russian state-owned stake in Murmansk Shipping Company (MSCO) will be privatised by the end of 2013.MSCO assets are composed of fleets of three shipping companies: Murmansk Shipping Company (Murmansk), Northern Sea Shipping Company (Arkhangelsk)…
Newbuildings orders for 5 container ships were cancelled and advance payments partially refunded by the shipbuilders.In addition, the company reached an agreement regarding the postponement of payments due in 2013 for other orders. The agreements…
Transocean Ltd. announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders (AGM) a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice…
For the third consecutive year, the Panama Canal Authority (ACP) was recognized by the Ethisphere Institute as one of the World's Most Ethical Companies. According to the Ethisphere, this recognition highlights companies that outperform industry…
In accord with Hong Stock Exchange rules China Rongsherg Rongsheng Heavy Industries Group announces an expected net loss for year ending 2012.The Company believes that the net loss is primarily attributable to the decline in the shipbuilding…
The company is subject to the jursidiction of several courts, but restructuring is essential in order to avoid bankruptcy.The Company previously announced on 5 October 2012 that some of its subsidiaries which had obtained protective orders…
US diesel power engineering, assembly, service and distribution organization company celebrates its 90th anniversaryThe origin of the Mack Boring business name dates back to 1922 when Ed McGovern Sr. founded the company. His nickname was “Mack”…
The U.S. Treasury Department yesterday said the United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks, and is also taking additional steps to prevent the evasion of sanctions by publicly identifying a group of Iranian front companies and banks…
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) (the 'Company') announced May 22, 2012 that the previously announced 1-for-4 reverse stock split of the Company's issued and outstanding common stock will take effect on May 22, 2012. The Company's…
International law firm Wikborg Rein has recruited Joe McGladdery as a partner in its London office. McGladdery joins from Qatar Gas Transport Company Limited (Nakilat) where he acted as the company's General Counsel and as a board member…
Cal Dive International, Inc. announced today the retirement of Scott T. Naughton, the Company’s Chief Operating Officer, effective September 9, 2011. Also, the Company announced that John R. Abadie, Jr., the Company’s current Senior Vice President - Operations - Western Hemisphere…
ULSTEIN has recently established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years.Ulstein IDEA…
Rowan Companies, Inc. (NYSE: RDC) announced that Thomas P. Burke has been appointed to serve as the Company's Chief Operating Officer, and Melanie M. Trent has been appointed to serve as Senior Vice President, Chief Administrative Officer and Corporate Secretary…
