Germany's Hamburg Süd Group has recently published its first Responsibility Report titled 'Making it our Business'.The report documents not only the ecological but also the social and societal responsibility the company exercises. At the…
There has been a significant volume of shipbuilding business reported in the week according to Clarkson Hellas.Dry Bulk CarriersThe dry bulk fleet has seen a number of new additions this week. It was reported that SWS signed an additional order with Clients of Thenamaris for 1+1 180…
Arntzen Resigns, Johnston Takes the reigns at OSGOverseas Shipholding Group announce the appointment of Captain Robert Johnston as President & CEO.Morten Arntzen has resigned as President and Chief Executive Officer and as a director of the Company to be succeeded by Johnston…
Greece's DryShips Inc. is to offer the public 5-million of the common shares it holds in Ocean Rig UDW.Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig’s outstanding shares (Ocean Rig is a provider of offshore deepwater drilling services)…
Nordic American Tankers Limited (NAT) publishes its Q4 2012 financial report.Extracts from the report follow:In 2012, NAT improved its relative position within the industry despite a weak market. By retaining a strong balance sheet throughout 2012…
GasLog Ltd. orders two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries Co., Ltd. The vessels are expected to be delivered in Q1 and Q2 2016, respectively, and upon delivery will commence firm ten-year charters with a subsidiary of BG Group plc…
Gulf Energy Maritime (GEM) continues to expand its fleet, with the delivery of Gulf Valour, its second Aframax vessel. After two months since the delivery of Gulf Vision, its first Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries…
The last in a series of 7, the Stena Bulk tankship was named 'Stena Sunrise' at the Samsung Heavy Industries' shipyard.The Stena Sunrise is a third generation, fuel-efficient Suezmax and, like the other tankers in the series, will be employed on the spot market via Stena Sonangol Suezmax Pool…
Scorpio Tankers contracts with Korea's SPP Shipbuilding for the construction of 4 MR product tankers.The cost of each tankship is about US$32.5-million.These vessels will be delivered in the third and fourth quarters of 2014 and are a continuation…
Crowley Maritime Corporation christen its newest US-flag tanker, 'Florida', at Aker Philadelphia Shipyard.More than 100 guests, including Chairman, President and CEO Tom Crowley; friends and employees from Crowley; representatives from the customer…
United Shipbuilding Corporation may build four Arctic class LNG carriers for the Pechora LNG project in northern Russia.Developers of the project, Alltech's President Dmitry Bosov informed that preliminary agreements had been signed with Russia's…
NewLead Holdings Ltd. announce it has received written notification of its compliance from the NASDAQ Stock Market LLC.NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels…
Calumet Specialty Products Partners, L.P. Announces Feasibility Study for Crude Oil Shipping. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ('Calumet') announced it will explore the feasibility of building and operating a crude oil loading dock on Lake Superior…
Tsakos Energy Navigation Limited (TEN) charters out ice-class aframax product tanker 'Propontiss', & sells two oldest vessels.The company announce the charter of its 2008-built 1A ice-class aframax product tanker Propontis to Northern European end-users for two years…
Belgium's Euronav reported a net loss of US$ 31-million in its Q4 2012 financial report.The result of the fourth quarter is affected positively by the revaluation at marked-to-market levels of non cash items (unrealized) such as hedge instruments on interest rates for a total of US$ 600…
