Global Ship Lease, Inc. (NYSE:GSL)(NYSE:GSL.U)(NYSE:GSL.WS), a containership charter owner, announced its unaudited results for the three months ended December 31, 2009.Fourth Quarter and Full Year 2009 Highlights:- Generated $16.5 million of cash in the fourth quarter of 2009 up 29% on $12…
Overseas Shipholding Group’s Q4 2009 results were aided by an unexpected tax credit. OSG reported a loss of $0.59 excluding one-time items versus our ($1.02) forecast and the Street’s ($1.25) forecast. However a $30.5 million tax credit for 2009 against 2004 earnings led to the earnings beat…
Mitsui O.S.K. Lines, Ltd. (MOL) has been awarded two long-term charters by an ExxonMobil affiliate and its co-venture partners in its Papua New Guinea LNG Project. The charters are for MOL’s two existing 177,000 cubic meter capacity LNG carriers…
Canada’s Transport Minister John Baird announced that as part of Canada’s Northern Strategy, the federal government is proposing a regulated Arctic traffic zone, requiring certain vessels to report information to authorities as they pass through Canada’s northern waters…
Nordic American Tanker Shipping Ltd. (NYSE: NAT) took delivery on March 2 of the suezmax vessel that the company agreed to acquire in November 2009. The double hull suezmax vessel has been named Nordic Passat. Including the Nordic Passat, the…
1881- The crew of Life-Saving Station No. 10, Ninth District (Louisville), won acclaim with a dangerous rescue at the wreck of James D. Parker, a well-known river boat lost in the Indiana chute of the Ohio Falls. She was a stern-wheel steamer…
1942 - Name 'Seabees' and insignia officially authorized1943 - USS Bogue begins first anti-submarine operations by escort carrier.1960 - USS Newport News (CA-148) and personnel from Port Lyautey complete emergency relief operatons at Agadir…
Chris-Marine AB has launched a new Liner Diameter Measurement Instrument (LDM) in order to quickly investigate the condition in cylinder liners for 2-stroke engines. The main advantage of this new LDM is that the cylinder head or exhaust valve housing does not need to be removed…
Wärtsilä's two-stroke engines have been chosen for eight Chinese bulk carriers. The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd. Wärtsilä's Chinese licensee, Hefei Rong'An Power Machinery Co Ltd (Rong'An), a member of…
EU NAVFOR was informed that on Monday March 1, a merchant vessel, the Saudi Arabia-flagged Product tanker, in ballast, As Nisral Al Saudi with deadweight of 5,136 tonnes, was hijacked in the Gulf of Aden.The ship was heading to Jeddah and has a crew of 14…
Ocean Hotels Plc. (OSLO: OCEA) announced an update on Davie Yards, and management and board of directors reorganization:On 25 February 2010, Davie Yards announced it has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) with the Québec Superior Court…
Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that a new set of electrified refrigerated container racks were completed and came online in Container Berth Five (CB-5) last week. With the ten new racks, Garden City Terminal now has a total of 44 racks…
Global carrier Evergreen Marine Corporation (Taiwan) Ltd. announced the promotion of its President Jack Yen to Vice Chairman. Captain C.J. Wang, Chief Executive Vice President, has been appointed President. Anchor Chang, Executive Vice President of International Business Division…
The Swedish paper and timber products manufacturer Svenska Cellulosa Aktiebolaget (SCA) and its transport and logistics unit SCA Transforest have been operating a regular scheduled liner service called Container Express since March 1 2010, linking northern Sweden and the Port of Hamburg…
Lloyd's Register is to play a major role in a two year program to test the suitability of bio-diesel for use in powering marine engines The feasibility study will take place on board the Maersk Line container ship, Maersk Kalmar. Collaborators in the biodiesel project are Maersk Line…
