Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to extend the time charter for the Genco Muse, a 2001-built Handymax vessel, with Global Maritime Investments Ltd. for approximately 10.5 to 12.5 months at a rate of $17…
PTC, The Product Development Company, and SENER announced plans to strengthen their alliance to deliver an integration between Sener's FORAN system and PTC's Windchill PLM software. The integration will enable Sener's shipbuilding customers…
According to a Jan. 20 report from Reuters, Danish shipper Norden A/S (DNORD.CO) has agreed to buy three product tankers from a Turkish owner for about $79m to take advantage of a recovery in freight rates.(Source: Reuters)
Davie Yards Inc. (TSX:DAV) announced that Gustav Johan Nydal will be joining the corporation as President and CEO. Nydal-who has extensive experience in the marine industry-is taking over for Steinar Kulen, who will become Chairman of the Board of Davie…
Matcor, Inc., a cathodic protection and corrosion prevention engineering design firm, announced the appointment of Timothy Disney as General Manager of the Houston/Gulf Coast operations. Based out of Katy, Texas, Disney will report directly to Matcor’s President and CEO Jeffrey Stello…
Crowley Maritime Corporation, working under contract with the U.S. Transportation Command (USTRANSCOM), is unloading Haiti relief cargo in Rio Haina, Dominican Republicy. Fifty six of the 68 20-ft containers of water and meals-ready-to-eat (MREs) will be trucked across the border into Haiti…
EPS Corporation has been awarded a $200,000 contract to support the Ship to Shore Connector (SCC) cost study for the Department of Navy. The SSC is intended to provide the functional replacement for the Navy’s Landing Craft Air Cushion (LCAC) hovercraft currently in service…
In a highly volatile business environment, Liebherr’s Mobile Harbour Crane Division delivered satisfactory operational performance. In 2009, deliveries amounted to 74 Mobile Harbour Cranes and thus were 27% below those of the previous year’s period…
Wärtsilä has analysed its manufacturing footprint as announced in October. To adjust to the fundamental changes in the market Wärtsilä plans to reduce its manufacturing capacity. Wärtsilä also plans to move the majority of its propeller production and auxiliary engine production to China…
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) announced that it is expanding its Dominican Republic sailings from every two weeks to weekly. The company will provide this service utilizing its existing vessels that currently link the ports of Jacksonville…
Jo-Kell Inc., an electrical distributor and engineering company was recognized for their outstanding performance and support of Northrop Grumman Corporation’s Socio-Economic Business Programs (SEBP). The award was presented on December 4, 2009…
Braemar Shipping Services plc isued its Interim Management Statement in relation to the period since the six months ending 31 August 2009. The group has benefited from a dry bulk market which has been stronger than many expected during much of 2009…
Aveva (LSE:AVV) announced the release of Aveva Hull Finite Element Modeller, a new addition to the Aveva Marine portfolio which accelerates and simplifies the stress analysis of ship structures. Ship designers use of Finite Element Analysis…
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to enter into a time charter for the Genco Augustus, a 2007-built Capesize vessel, with Cargill International S.A. for approximately 10.5 to 12.5 months at a rate of $39…
Hose-McCann Communications, Deerfield Beach, Fla., announced the appointment of Tom Morgenstern as Manager of Technical Engineering. In his new position, Morgenstern shall manage and oversee all aspects of the Technical Engineering Group to include Customer Technical Support…
