Mitsui OSK Lines' financial statement for Q3, December 31, 2012, underlines a stagnant shipping market.Excerpts from the statement follow:Looking at the maritime shipping market conditions, in the dry bulker market, conditions for all vessel…
Greece's Nautilus Marine Acquisition Corp. (Nautilus) extends tender period referring to the acquisition of Assetplus Ltd.The tender offer, as amended, has been extended until 5:00 p.m., New York City time, on February 13, 2013, unless further extended or earlier terminated…
Capital Product Partners L.P. (CPLP) attribute fourth quarter 2012 net loss to a US$43.2-million impairment charge.CPLP an international owner of modern tanker, dry bulk and container vessels has released its financial results for the fourth quarter ended December 31…
9 cruise industry associations to operate under a common organization with a unified structure to better serve the industry.The new association was created to provide increased benefits and a globally unified voice for cruise lines, travel…
Inchcape Shipping Services (ISS) advised of 48 hour strike action in Greece by the Seamen’s Union from 0600 on Thursday 31 August until 0600 on Saturday 2 February 2013. ISS Greece has confirmed that the strike disruption means that there…
More car carriers benefit from established MacGregor electric-drive technology.MacGregor, part of Cargotec, has secured a contract to deliver electrically-driven RoRo equipment for two new car carriers under construction at Shin-Kurushima's main facility…
Former Executive Convicted for Role in Price-Fixing Conspiracy Involving Coastal Freight Services Between the Continental United States and Puerto Rico. Following a two-week trial, a federal jury in Puerto Rico today convicted a former executive…
On Tuesday, January 1, 2013, the United States Senate confirmed President Obama’s nomination of William P. Doyle, of Pennsylvania, to be a Federal Maritime Commissioner. Commissioner Doyle was sworn in on January 10, 2013. Today, a ceremonial swearing-in of Mr…
International Mobile Satellite Organization (IMSO) visited by International Maritime Organization (IMO) Secretary-General.The purpose of the visit was to discuss matters of mutual interest, in particular in the field of the future of maritime…
Samsung Heavy Industries (HII) Q4 3012 net profit fell 59% due to costs related to an oil-leakage accident in 2007.Net profit for the three months ended December 31 fell to KRW73 billion from KRW176.5 billion a year earlier, reports Fox Business News…
DONG Energy to build this offshore wind farm (OWF) located in the North Sea off the British east coast.The construction will represent a total investment of approximately EUR 1 billion including the construction of the transmission assets…
OW Bunker acquire two bunker barges for Nordic operations: 'OW Copenhagen' and 'OW Aalborg'.Prior to the acquisition, OW Bunker operated both vessels on a bare-boat charter from international shipping company the Clipper Group.OW Copenhagen and OW Aalborg are modern double-hulled 3…
The GIBBS Quadski, will make its Miami debut at this year's International Boat Show.The dream of two visionary entrepreneurs -- Alan Gibbs and Neil Jenkins -- the Quadski is the product of millions of research dollars and years of development work in the U…
The 'Unified Command' continues to oversee preparations for the next steps in the 'Kulluk' response.Multiple entities remain involved including: the U.S. Coast Guard, Shell, the State of Alaska, Smit Salvage and Det Norske Veritas.…
IHC Beaver Dredgers, known for standard cutter suction vessels, continues to deliver workboats to complement its dredgers.For example, the company has supplied another Delta Multi Craft (DMC) 1050 to support an IHC Beaver® 1200 for its operations in Nigeria…
