Troubled Greece-based Excel Maritime Carriers has agreed with its lenders to effectively extend its equity raising commitment through December 31, 2012.Excel Maritime Carriers has agreed with its lenders under its $1.4bn syndicated credit facility to effectively extend…
The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship's grounding on 5, October 2011.Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company will pay $27.6 million…
Braemar Shipping Services plc (“Braemar” or “the Company”) is pleased to announce the appointment of Martin Beer as Finance Director, with effect from 15th October 2012. James Kidwell, CEO, will hand over his responsibilities as Finance Director on that date…
Dynamic Oil Trading launched to meet the fast paced demands of the shipping industry – without limitations.Wrist Group, one of the world’s leading ship services companies, has announced the launch of Dynamic Oil Trading, a new global trading company for marine fuels and lubricants…
Mitsui O.S.K. Lines, Ltd. was selected for inclusion in the world’s major socially responsible investing (SRI) indices — the FTSE4Good Global Index Series and the Dow Jones Sustainability Indexes (DJSI). This month, the FTSE Group, owned by the London Stock Exchange…
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…
Women’s Sea Congress Looks at the FutureThe Women’s International Shipping and Trading Association (WISTA) conference program scheduled to be held in Paris October 3-5 will focus on issues facing shipping today. In addition to hosting its annual meeting and conference…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
Business advisory specialists, AlixPartners, honored by TMA for 'International Turnaround of the Year' for their work at DeepOcean Group.AlixPartners, the global business-advisory firm, has been honored by the Turnaround Management Association for its work…
Harald Fassmer is the new Chairman of Verband für Schiffbau und Meerestechnik e. V. (VSM), the German organization representing the country’s political and commercial maritime industry interests. Mr. Fassmer also happens to be a ubiquitous figure in the international maritime circuit…
Horizon Line’s vessel modifications bring light to an interesting and somewhat mysterious equation. MarPro takes a closer look.Jones Act rules are tricky, but a close reading (and interpretation) can yield savings for cash-strapped shipowners…
FOR the seventeenth year in succession, International Transport Intermediaries Club (ITIC) has paid a renewal credit to its members. For the year ended 31 May, 2012, members received a total of $5.2m. In the past seventeen years, ITIC has returned more than $67…
AAPA Chairman Testifies Before Senate Committee on Water Resources Development Act; Testimony emphasizes importance of investment in waterside infrastructure. Jerry Bridges, the American Association of Port Authorities’ Chairman of the Board and Executive Director of the Virginia Port Authority…
Dan-Bunkering (Monaco) S.A.M. has appointed Jacopo Pigliapochi, 28 years old, as Bunker Trader as of 20 August 2012.Jacopo is originally from Italy and has spent half a year in Haiti working with Doctors without Borders. Before that he was working for one of the larger Italian bunker traders…
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…
