Crude Carriers Corp. (NYSE: CRU), today reported its financial results for the second quarter of 2011. The Company reported a net loss for the quarter of $7.5 million or $0.48 per share, which compares with a $0.37 net income per share from the second quarter of 2010…
Seanergy Maritime Holdings Corp. has announced the results of the annual meeting of its shareholders held yesterday at the company's executive offices. The following proposals were approved and adopted:1) The election of Dale Ploughman and…
U.S.-flag vessel operators and allied industries engaged in domestic waterborne commerce today recognized the vital role the U.S. Coast Guard plays in keeping America’s waters safe and secure. The salute comes on the 221st anniversary of the legislation that established the Revenue Cutter Service…
Tidewater Inc. has announced first quarter net earnings for the period ended June 30, 2011, of $24.6 million, or $0.48 per share, on revenues of $254.6 million. For the same quarter last year, net earnings were $39.8 million, or $0.77 per share…
Lord Cullen and Linda Ellis are to be honored in the official naming ceremony of the newly-extended HOTA facilities on the training provider's Malmo Road site in Hull on Thursday, September 22, 2011. Staff members suggested ideas for the…
Keppel Shipyard Ltd has secured two contracts worth a total of S$146 million (over $120 million) to convert a Floating Production Storage and Offloading (FPSO) unit as well as to fabricate and integrate an external turret mooring system for an existing FPSO unit…
Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV.The new company…
The Bach Dang Shipbuilding Industry Corp on August 1 reportedly delivered a cargo ship to its client, the Northern Shipping Joint Stock Company (Nosco), according to a report on http://english.vovnews.vn. The 6,500 DWT ship is one of the 20ships…
At MarineMoney's New York City event earlier this summer, tanker operators were in a somber mood, and Michael Reardon, Manager Global Strategy and Freight Traiding, ConocoPhillips, was quoted as saying: “Floating storage took VLCCs out of the market and sent false signals to the market…
DryShips Inc. (NASDAQ: DRYS) announced that its Board of Directors has approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc., of which DryShips currently owns approximately 78% of the issued and outstanding common stock…
WheelHouse Technologies, Inc. has launched WheelHouse Mobile, designed to provide real-time maintenance alerts and maintenance update capabilities from any smart phone in the cellular network. WheelHouse Mobile is a customer-driven enhancement to WheelHouse…
Shipper groups say the introduction of green fuel taxes will not reduce emissions. They claim that shipping lines will not switch to more environmentally-friendly fuels or more efficient ships, they will simply add yet another surcharge to the rates they charge their customers…
Carole Coune has officially assumed the office of Secretary General of the International Transport Forum at the OECD. As of August 1, 2011, Coune takes over from Jack Short, who is retiring, as leader of the Paris-based intergovernmental organization which brings together 52 nations…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sale 218 in the Western Planning Area in the Gulf of Mexico. The SEIS…
Titan Torque, the oilfield services specialist, has announced it has increased turnover by 118%, increased the size of its Aberdeen facility and launched a new service to the drilling sector.Rapidly-expanding Titan has secured additional operational…
