The company is to offer $87 million aggregate amount of common shares to the public to help fund its expansion programme.The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $1.5 million worth…
The sale of STX Pan Ocean Co. fell through as the Easter financial markets closed.No potential bidders expressed their interest in South Korea's leading bulk carrier, raising the possibility that the shipping line may be taken over by a state-run policy lender…
Employees of W&O, an international supplier of products and services to the marine industry headquartered in Jacksonville, Fla., volunteered their time with the Second Harvest Food Bank of North Florida last week.The employees volunteered…
Mitsui O.S.K. Lines (MOL) President Koichi Muto outlines business initiatives on his company's 129th anniversary.Extracts from his recent overview follow:In fiscal 2013, we will launch business initiatives based on a One-Year Management…
French catamaran dismasted in the South Atlantic sparked a search effort involving Coast Guard aircraft and an Amver ship.The crew of the 109-ft catamaran Mouse Trap activated their Emergency Position Indicating Radio Beacon (EPIRB) after…
Greece-based shipowners Excel Maritime reports results for the second half and year-ended December 31, 2012, re-nFor the year ended December 31, 2012, Excel reported voyage revenues of $242.0 million compared to voyage revenues of $353.4 million for the year ended December 31…
The UK Club took part recently in the latest Connecticut Maritime Association (CMA) exhibition and conference at Stamford, CT.The UK P&I Club say that their stand at the expo was host to many of their members and friends from the North American maritime community and beyond…
Thai authorities seek new ways to get people from Phuket International Airport to their destinations on the Andaman Sea island. One possibilty discussed at a recent meeting would be to build a quay pier next to the airport in order to carry…
US Coast Guard Sector Lake Michigan advises of the dangers as increasingly warmer temperatures weaken ice.The Coast Guard warns that warmer temperatures present the possibility of extremely hazardous ice conditions throughout Lake Michigan…
Conrad Industries announces its 2012 financial results and also the addition of new business during Q1 2013.For the quarter ended December 31, 2012, Conrad had net income of $8.0 million and earnings per diluted share of $1.33 compared to net income of $6…
PPG Industries said Frank S. Sklarsky will join the company as executive vice president for finance, effective April 15, reporting to Chairman and CEO Charles E. Bunch. Also, effective August 1, Sklarsky will be named PPG executive vice president and chief financial officer…
The Water Quality Insurance Syndicate welcomed new Senior Vice President, John Ryszetnyk to the team. A graduate of Kings Point, The United States Merchant Marine Academy, Ryszetnyk holds a USCG 3rd Mate Unlimited Tonnage License and is a former U…
Patrick Keenan has joined the TITAN Salvage team as director of operations, bringing more than 20 years of worldwide, hands-on experience in naval architecture, marine engineering, salvage and marine pollution abatement. In his new position…
At a meeting of the general assembly in Seoul, the Korean Register of Shipping (KR) elected Dr. Chon Young-Kee as its new Chairman and CEO. The general assembly oversees the running of KR and comprises 86 voting members.Prior to election…
Today (27 March), in Seoul, at an extraordinary meeting of the general assembly, the Korean Register of Shipping (KR) elected Dr Chon Young-kee as its new Chairman & CEO. The general assembly oversees the running of KR and comprises 86 voting members…
