Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the…
London International Shipping Week (LISW) has appointed a new Chairman of its Steering Group as it looks forward to the 2015 event (September 7-11). Jeremy Penn has been Chief Executive of The Baltic Exchange since 2003 and was a member…
The State University of New York Maritime College honored two industry leaders at its annual Admiral’s Scholarship Dinner last week, with more than 500 alumni, industry partners, friends, students, faculty and staff in attendance on the Maritime College campus…
The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors…
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’s tonnage supply crunch eased out. The fourth quarter of 2013 proved to be an exception as rates surged despite modest…
The Netherlands shipbuilding cluster reports successful 2013, positive outlook for 2014The Dutch shipbuilding cluster and maritime suppliers achieved good results in 2013, Netherlands Maritime Technology said. The total annual turnover increased from € 6…
Hayward also CEO of London-listed oil firm Genel. Source: Hayward will eventually step down from Genel. Genel declines to comment.Glencore Xstrata named Tony Hayward, the ex-BP chief severely criticized for his role in the Gulf of Mexico oil spill…
Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013…
Chief of Naval Operations testified before the Senate Armed Services Committee (SASC) encouraging Congress to accept and implement the Department of Defense budget proposal recommendation to slow growth of service members' pay and compensation…
Leading US carrier in the Pacific Matson report that in the first quarter of 2014 its financial results were negatively impacted by the timing of fuel surcharge collections.Highlights Net Income of $3.4 million versus $9.1 million in 1Q13 Operating income of $9…
Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday.The group, wholly owned by state lender Cassa Depositi e Prestiti (CDP)…
Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to offer private investors a minority stake in the ship building company.The disposal of Fincantieri - wholly owned by CDP…
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce the promotion of two lawyers to partner in its New York office. Corporate lawyer Steven Hollander and shipping finance lawyer John Benson officially joined the partnership from 1 May 2014…
Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it expects to save about 10 billion reais ($4.51 billion) by 2018 after one in eight employees agreed to quit under an early retirement plan.Petrobras, as the company is known…
Stefanos Kazantzis, Financial Advisor of McQuilling Services Marine in an interveiw discusses the recent upswing in VLCC asset prices and current developments in the asset markets. Excerpts:About Asset Contango:Asset Contango is a situation…
