Marco Polo Seatrade has received court approval to obtain fresh financing from Royal Bank of Scotland, one of its senior lenders. The New York Court supervising the reorganisation of Marco Polo approved today new financing to be provided by the Royal Bank of Scotland…
Noreq AS continues to expand. The increasing demand for our products has resulted in a new company etablishment, NOREQ FZE, a subsidiary with an office in Dubai - the most important business and financial center in the Arab world. Noreq has been represented in UAE for several years by Mr…
John Eckart has joined HS Marine Propulsion, LLC as the Principal Engineer. Eckart has worked in the marine industry for 25 years in the areas of hydrodynamics and ship propulsion. He spent the past 15 years as a principal engineer with Rolls-Royce Naval Marine…
IHC Merwede has entered the international rental market with its standard IHC Beaver dredgers and DMC work boats. The company has identified a demand in the market for vessels and equipment that may only be used for a relatively short period of time…
InterManager members have called for more proactive methods to be developed in the protection of ships transiting pirate-infested trade lanes by launching a campaign to allow owners and third party managers the freedom of choice in employing armed guards onboard ships they manage…
Top Business Leader Starts Seventh Term as City of Houston Appointee. The Houston City Council today unanimously reappointed businessman Kase Lawal to the Port Commission of the Port of Houston Authority for a seventh term. He was initially appointed in June 1999…
ZF Marine has taken delivery of a new 50 foot Viking Sportfishing yacht. The purpose of this vessel will be to demonstrate the ZF POD 4000 propulsion system. The vessel is equipped with two Caterpillar C18 engines each producing 1150 bhp. These engines are mated to ZF 500 series transmissions…
Company Makes $7.0 Million Semi-Annual Interest Payment on 4.25% Convertible Notes within Grace Period. Refinancing of Company's Capital Structure on Schedule.Horizon Lines, Inc. (NYSE: HRZ) today announced that it has closed on a bridge loan facility of up to $25…
Bryan Nichols, one of the leading maritime business development professionals in the Pacific Northwest, is joining forces with VIGOR Industrial, which owns and operates the premier shipyards in the region.Nichols joins VIGOR as a sales representative for the company…
This and recent agreements with Port of Miami and Port of Palm Beach solidify Florida Inland Port’s position as the premier inland port / integrated logistics center serving the southeastern U.S. Florida Inland Port today announced the…
VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced the delivery of Endurance, the second 8,000 hp Articulated Tug Barge (ATB) tug to Overseas Shipholding Group, Inc.This is part of a…
The Republic of the Marshall Islands Maritime Administrator issued the following media statement in response to the United States Coast Guard Report of Investigation into the Circumstances Surrounding the Explosion, Fire, Sinking and Loss of…
Seafarers’ organisations, shipping companies together with business leaders and the biggest ever grouping of shipping industry associations, which have joined forces to campaign against Somali piracy, have received a welcome boost from the British…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)/U.S. Coast Guard Joint Investigation Team (JIT) today released its final investigative report on the April 20, 2010, Deepwater Horizon explosion, loss of life, and resulting oil spill…
The UNCTAD secretariat is convening an Ad Hoc Expert Meeting on 'Climate Change Impacts and Adaptation: A Challenge for Global Ports', to be held in Geneva on 29-30 September 2011. Following earlier related activities (see www.unctad.org/ttl/legal…
