Finance News

 

US Container Manufacturer Listed Among Fastest Growing

Sep 07, 2012

Hoover Container Solutions, provider of liquid & bulk container systems, listed as one of Houston's top 100 fastest growing companies.Houston Business Journal's 'Fast 100 List' ranks the fastest-growing private companies in the Houston area by percentage of growth in revenue from 2010-2011…

Globe Wireless Announces CrewCash and ShipMoney

Sep 05, 2012

Globe Wireless announced an exclusive worldwide sales and marketing relationship with CrewCash, LLC (CrewCash), a payments company offering comprehensive prepaid solutions to the commercial maritime industry.CrewCash and ShipMoney is a new prepaid Visa® card program for captains and crew members…

LR: LNG's Global Viability Hinges on Price

Aug 31, 2012

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…

Asian Shippers Face Rise in Ocean Container Freight Rates

Aug 31, 2012

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's Leading Shipbuilder Profit Plummet

Aug 31, 2012

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…

Obama's Title XI Policy Challenged by AFP

Aug 30, 2012

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.

Aug 30, 2012

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…

Drew Marine Funded to Acquire Chemring’s Rescue Division

Aug 30, 2012

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…

Nordic American Tankers Save Fuel

Aug 30, 2012

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…

German Shipyard Files for Insolvency; Buyer Sought

Aug 29, 2012

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 Declare Cash Dividend

Aug 29, 2012

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…

Austal Reports 2012 Revenue Up, Operating Profit Down

Aug 29, 2012

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 Annual Report

Aug 28, 2012

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…

New Appointments Strengthen Divex Subsea Team

Aug 28, 2012

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…

Letter to Shareholders From NAT Chairman and CEO

Aug 28, 2012

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…

Logistics News

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Consilium Safety Group Appoints New Chairman of the Board

Consilium Safety Group Appoints New Chairman of the Board

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

MDL Leases Land for Peterhead Offshore Project Support Site

MDL Leases Land for Peterhead Offshore Project Support Site

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