Global acceptance of LNG as a marine fuel will depend on pricing, according to a comprehensive study conducted by Lloyd’s Register; Study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility. After 12 months of research and analysis…
All Asian shippers wil have to pay higher freight charges to European container ship operators from September 2012.From September 1, Denmark-based Maersk, the world's largest container line, will implement a general freight increase of 250 U…
China CSSC Holdings Ltd announce net profit shrank by 62.91 percent year-on-year in first half 2012.The Shanghai-based firm said in a report filed to the Shanghai Stock Exchange that its business revenue totalled 13.14 billion yuan in the first six months…
American Flagship Project challenges President Obama to explain why his Administration has blocked America’s entry into the $40 billion-a-year foreign-dominated cruise sector.The Obama Administration has announced a policy prohibiting the…
New Bunker Trader with A/S Dan-Bunkering Ltd., CopenhagenA/S Dan Bunkering has announced that as from 15 August 2012 Oscar Obregon, 29, has been employed as Bunker Trader in A/S Dan-Bunkering Ltd.'s office in Copenhagen, Denmark. Oscar is originally from Mexico…
Babson Capital provides US$12-million In subordinated debt to support Drew Marine acquisition of Chemring Marine Group’s Rescue Division.Babson Capital Management LLC, a global investment manager with $149 billion in assets under management and operations on four continents…
In a letter to shareholders Nordic American Tankers Limited Chairman & CEO pointed (amongst other things) to the fleet's fuel-saving measures.Herbjorn Hansson, company Chairman & CEO stated:NAT has made, and is continuing to make, important…
In recent the management of P+S WERFTEN have been involved in discussions with the representatives of the German Federal State of Mecklenburg-Western Pomerania and the German Federal Government, and with its customers, suppliers, employees,…
Great Lakes Dredge & Dock Corporation declare a quarterly cash dividend on its common stock. The Board approved a $0.021 per share cash dividend, to be paid on September 14, 2012 to the holders of record of common stock of the Company at the close of business on September 7…
Shipbuilding & allied marine industries provider Austal publishes its financial report for year ended 30, June 2012.The Group operating profit after tax for the year was $11.043 million compared with the previous year of $21.890 million…
North P&I Club Reports a 'Stable and Positive' Result in a challenging Market.The ‘A’ rated, 170 million GT North of England P&I club has achieved a ‘stable and positive’ result for the 2011/12 financial year despite challenging market conditions…
Divex, the international diving equipment technology company and a manufacturer and supplyer of both commercial and defense diving solutions, has made two senior appointments to support the company’s ongoing development and growth globally. As…
Nordic American Tankers Limited CEO briefs shareholders on market conditions and invites input.Dear Shareholder, I would like to update you on developments in the company and in our industry. Conditions remain challenging in the tanker business…
Greek-based shipowners TOP Ships Inc. announces receipt of Nasdaq notice.TOP SHIPS Inc. is engaged in the worldwide transportation of liquid and petroleum cargoes as well as dry bulk cargoes through the ownership of a fleet of 6 tankers and 1 dry bulk carrier…
Ain’t love grand? There’s the courtship phase: the wine, the roses, the proposal; the blood tests come back approved by the credit committee . . . finally the borrower and the lender fund the deal and tie the knot forever, walking off into the sunset in vessel finance ecstasy…
