Board to expand to eleven from eight; seven New Board Members Join Four Existing Directors; Four Directors Retire. Horizon Lines, a domestic ocean shipping company, today announced that it will expand its Board of Directors to 11 members from eight…
Louisiana Manufacturer will Replace Coast Guard's Small Response Boat Fleet. Metal Shark Boats has been awarded a contract to replace the U.S. Coast Guard's fleet of Response Boat - Small (RB-S) vessels. Up to 470 boats will be delivered across the Coast Guard fleet…
Hamburg Süd and CCNI on the one hand and China Shipping, Hanjin and Hyundai on the other have reached agreement on optimizing their service offering during the forthcoming slack season between Asia and Mexico/South America West Coast with effect from mid-November 2011…
Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond…
Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond…
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three and nine month periods ended September 30…
According to a report on the Moscow Times (www.themoscowtimes.com) Prime Minister Vladimir Putin oversaw the signing of seven contracts totaling $9.2B between the Defense Ministry and the United Shipbuilding Corporation at the Sevmash shipyard this week…
While China has spent more than a decade building the world's largest capacity, it is today faced with an economic downturn that proves to be the first true test of how it will navigate a serious downturn in new ship orders. Accroding to Reuters report…
Announcement to include Third Quarter 2011 Results Release, Conference Call and Webcast. DryShips Inc. (NASDAQ: DRYS) (the 'Company' or 'DryShips'), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary…
Georgia Ports Authority Executive Director Curtis J. Foltz announced the ports saw a growth rate of 5.0 percent in the first quarter of FY2012, moving 6.5 million tons of freight. Over the same period in FY2011, the port moved 6.2 million tons of cargo…
Stolt-Nielsen Limited (Oslo Børs: SNI) has obtained commitments for a $600 million senior secured revolving credit facility, which will replace the Company's two existing revolving credit lines maturing in July 2012 and January 2013 respectively…
Tidewater Inc. announced today a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million. For the same quarter last year, net earnings were $19.4 million, or $0…
RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was recently acquired by Stork Technical Services (STS), has appointed Sandeep Sharma as its new finance director.Mr Sharma is responsible for leading RBG’s global financial management…
Statoil ASA and Brigham Exploration Company (NASDAQ: BEXP) announced that an entity controlled by Statoil, Fargo Acquisition Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock, par value $0…
