Konecranes PLC issues its Q4 and full year 2012 financial statement and bulletin.Excerpts from the statement made by President and CEO Pekka Lundmark:I am pleased with many aspects of our performance in 2012. In a marketplace where uncertainty…
RigNet, Inc., provider of managed remote communications to the oil and gas industry, makes management appointments.The company appoint Molly McGuirk as Region Manager, United States, & Mike Neugebauer as Director, Global Operations & QHSE…
Carnival Corporation to sell existing shares over time in the London stock market.Carnival Corporation and Carnival Investments Limited, a wholly owned subsidiary of Carnival Corporation, intend to sell existing Carnival plc ordinary shares that they hold in the UK market…
The Port of Rotterdam reports 2012 fuel oil bunker volume fell from 11.6 to 10.3 million tonnes.The Port of Rotterdam Authority attributes the decline as a whole to the more efficient way of sailing adopted by shipping (‘super slow steaming’)…
FarSounder is a sponsor for Day 2 of the 2013 American Superyacht Forum in Las Vegas, hosted by The Superyacht Group.FarSounder, Inc. is a U.S. based high technology marine electronics manufacturer specializing in underwater acoustics, and the provision of realtime 3D sonar systems…
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…
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…
Kathy Forrester joins Hydroid, Inc., manufacturer of Autonomous Underwater Vehicles (AUVs), as Marketing Coordinator.Forrester will support Hydroid’s marketing efforts by assisting in the planning, development and execution of the company’s marketing plan…
