Finance News

 

Kiel Cruise Ship Visits Up 10%

Oct 12, 2011

The 2011 cruise shipping season in Kiel ended today with a visit by the “AIDAcara”. The port was visited 120 times this year by nineteen different ocean-going luxury liners. Some 375,000 cruise ship passengers embarked or disembarked in the port…

HATLAPA Acquires Triplex AS, Extends Portfolio

Oct 11, 2011

Hamburg-based manufacturer HATLAPA Marine Equipment has purchased a majority shareholding in the Norwegian deck machinery company Triplex AS. In doing so HATLAPA’s traditional product portfolio of compressors, steering gear and winches has now…

MSHIP to Team with Huntington Ingalls

Oct 09, 2011

MSHIP to Team with Huntington Ingalls Industries' subsidiary, AMSEC LLC. under U.S. Navy's SEAPORT-E Electronic Procurement Program. M Ship Co., LLC of San Diego, is pleased to announce that it has been awarded acceptance as a subcontractor of Huntington Ingalls Industries’ subsidiary…

Wärtsilä Donates Engine to SUNY Maritime College

Oct 09, 2011

Wärtsilä to donate diesel engine and equipment to SUNY Maritime College Engineering Department; Donation valued at $1 million. Wärtsilä, the marine industry’s leading solutions provider, will donate the main components of a hybrid diesel…

Harvey Gulf Contracts to Build First U.S. LNG-Powered Vessels

Oct 07, 2011

Today, Harvey Gulf International Marine became the first U.S. vessel operator to contract for construction of vessels capable of operating exclusively on natural gas.  The agreement is for two, 302’ X 64’, Dual Fuel Offshore Supply Vessels, with an option for a third…

Harvey Gulf Inks Deal With Trinity Offshore

Oct 07, 2011

In a contract worth $110 million, Trinity to build two dual fuel LNG-powered PSV’s for Harvey Gulf. Wartsila to supply integrated system that includes the dual-fuel machinery. 7 October 2011: Harvey Gulf International Marine has signed a…

Liberty Maritime Changes Union Affiliation

Oct 07, 2011

MEBA accuses operator of creating labor dispute and delaying important cargoes. AMO enters into new collective bargaining agreement with Liberty. On Monday, Liberty Maritime Corporation announced that it had entered into a new collective…

Horizon Lines Completes Comprehensive Refinancing

Oct 06, 2011

New Capital Structure Provides Opportunity for Significant Deleveraging. Horizon Lines, Inc. (NYSE: HRZ) today announced that it has completed a comprehensive refinancing of the company's entire capital structure.  The new capital structure…

Omega Obtains Additional Relief From US Court

Oct 06, 2011

Omega To Continue To Operate in the Ordinary Course of Business. Omega Navigation Enterprises Inc. (ONAVQ) announced today that, in connection with its Chapter 11 proceedings in Houston, Texas, the Court has granted the continuing use of cash collateral through December 12…

AAPA's 'U.S. Port Person Of The Year' Award

Oct 05, 2011

Award to precede speech on grant opportunities for reducing diesel emissions. Sen. Tom Carper (D-Del.) will be honored in Wilmington, Del., on Oct. 7 as the American Association of Port Authorities’ (AAPA) “U.S. Port Person of the Year”…

KPI Bridge Oil appoints London Bunker Trader

Oct 04, 2011

KPI Bridge Oil, a leading global bunker broker and trader has appointed Mr Evandro Cavalli as Bunker Trader in its London office.Evandro, 31, is Brazilian/Italian and has previously worked for several years with one of the international…

Drewry Expands Container Freight Rate Benchmarking

Oct 04, 2011

Drewry Maritime Research, the global leader in freight rate benchmarking, has expanded its flagship Container Freight Rate Insight publication and now provides freight rate benchmarks on 550 international trade routes. Published monthly, the…

Kongsberg Concludes Acquisition of Evotec AS

Oct 04, 2011

Acquisition completes following July 4th announced agreement in principle.Kongsberg Maritime AS, a wholly-owned subsidiary of Kongsberg Gruppen ASA, completed the acquisition of Evotec AS on Friday 30th September. Evotec AS develops and delivers technological management systems for the seismic…

Liberty Maritime Corporation Announces Change in Union Affiliation

Oct 03, 2011

Liberty Maritime Corporation (Liberty Maritime) of Lake Success, New York today announced that it has entered into a new collective bargaining agreement with the American Maritime Officers (AMO) union under which the AMO will provide U.S. citizen…

ICS Pushes CO2 Compensation Fund

Oct 03, 2011

ICS Says CO2 Compensation Fund Could Help Sea Ports Adapt To Climate Change. The International Chamber of Shipping (ICS), whose member national shipowners' associations represent more than 80% of the world merchant fleet, has participated…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

Subscribe for Maritime Logistics Professional E‑News

China bans power banks that are not certified and have been recalled from planes
Czech billionaire Kretinsky appointed Royal Mail chairman
The rupee has its best week for over two years, as the dollar struggles to recover.