Transportation company Ultrapetrol (Bahamas) Ltd. regains compliance with the Nasdaq $1.00 per share minimum bid price requirement.Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses…
National Steel and Shipbuilding Co., San Diego, Calif., awarded a US$107,994,835 contract for work on 'USS Essex' dry docking maintenance program.The new contract is a modification to previously awarded cost-plus award fee/incentive fee…
'MV Star Norita', a 58,000 dwt supramax bulk carrier named and delivered from Tsuneishi (Zhoushan) Shipbuilding Inc., China.The vessel is a sister of the recently delivered Isabelita, Bonita and Kristinita of the TESS 58 design. Star Norita is 100% owned by Ugland Shipping AS…
DNV has been contracted to class the Petronas LNG FPSO (Floating Production, Storage, Offtake) vessel to be built by Korea's DSME. The unit will be built by DSME in Korea and is destined for the Kanowit field offshore Sarawak, Malaysia.…
Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC.The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels…
If hindsight is 20/20, then one might assume that predicting future market trends to the year 2020 is a severely myopic endeavor. As most in the maritime industry can attest, the clarity of future regulations is often only crystallized by the most recent disaster and resultant rules…
Fuel cost is the primary driver of today’s push to go “green.” While the side benefits extend much further, industry nevertheless moves ahead with extreme caution. Shipping lines trying to stay a step ahead of legislation aimed at reducing…
Several years ago I found myself on a tourist boat that carries out whale watching tours in Península de Valdés, Patagonia, Argentina. This location became famous over the last 30 years, due to the massive yearly encounter of the southern right…
Women’s Sea Congress Looks at the FutureThe Women’s International Shipping and Trading Association (WISTA) conference program scheduled to be held in Paris October 3-5 will focus on issues facing shipping today. In addition to hosting its annual meeting and conference…
Clay Maitland is a ubiquitous figure in the global shipping circuit, never shy to share his accrued maritime experience of more than 40 years, ask the tough questions or supply the blunt opinion. Set to celebrate his 70th birthday later this year but not slowing a step…
UTEC appointed Sean Halpin as Global AUV Manager and US Geophysical Manager.A graduate of the esteemed Maine Maritime Academy, Sean began working with hydrographic survey equipment at the age of 18. After university, he worked with a US defense…
According to a report in the Wall Street Journal, A.P. Moller-Maersk A/S is set to address the continued sluggish global trade numbers by reducing its capacity and raising rates, in addition to more slow-steaming measures to reduce the near…
Total annual operating costs in the shipping industry increased by an average 2.1% 2011, driven by crew costs, reports Moore Stephens The findings are set out in OpCost 2012, Moore Stephens’ unique ship operating costs benchmarking tool…
CCS-Inc introduce Globestar® (GS) Odyssey III, latest version of its marine computer ideal for navigation, shipboard monitoring & control systems. The GS Odyssey III is a 3U rackmount industrial computer that is fully compliant with the IEC 60945:2002 standard for marine use…
Business advisory specialists, AlixPartners, honored by TMA for 'International Turnaround of the Year' for their work at DeepOcean Group.AlixPartners, the global business-advisory firm, has been honored by the Turnaround Management Association for its work…
