Graykowski: U.S. Ports Investing $9 Billion
U.S. public port authorities will invest just over $9 billion in the next five years to improve and expand their facilities, according to Deputy Maritime Administrator John Graykowski…
Swedish Marine Insurers: Achieving Stability In A Stormy Market
While the impact of poor freight rates and low oil prices have been felt in all quarters of the Scandinavian maritime industries, the region's hull underwriters…
Specialty Barge To Be Acquired
The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) intends to attain an inland river style specialty barge to serve on the U.S. Army Corps of Engineers…
Carnival Cruise Lines Founder Dies
Ted Arison, a pioneer of the modern-day cruise industry, died Oct. 1 in Tel Aviv, Israel, of heart failure. He was 75. A family tradition in shipping helped Arison…
Specialty Barge To Be Acquired
The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) intends to attain an inland river style specialty barge to serve on the U.S. Army Corps of Engineers…
USCG Announces Enviro Award Program
The USCG is accepting applications for the biennial William M. Benkert Marine Environmental Protection Award program. The award recognizes environmental excellence…
Cummins Announces IMO Emissions Compliance
Cummins Marine, a division of Cummins Engine Company, is the first marine diesel engine manufacturer to receive IMO MARPOL 73/78 Annex VI emissions Statements of Compliance from the U.S.
500-Ton License Preparation Offered
Dr. William B. Eisenhardt, provost of Maine Maritime Academy (MMA) announced the college has recently received approval from the USCG to offer a 500-ton, STCW 95…
Kuoni/INTRAV Deal Finalized
Swiss-based Kuoni Travel Holding Ltd. finalized its $115-million acquisition of INTRAV, the U.S. luxury tour operator, and its subsidiary, Clipper Cruise Line, which are based in St. Louis.
Plan To Reduced Overhead Announced
BC Ferries' management is being restructured, resulting in a $5 million annual savings and a 20 percent reduction in non-fleet management and administration positions…
Safford Promoted To Exec. VP
Blue & Gold Fleet L.P. has promoted Taylor Safford from vice president of finance and administration to executive vice president of finance administration. In his newly appointed position…
Curriculum Restructured
The president of SUNY Maritime College stated that the institution is redesigning its curriculum and refocusing its mission to meet the needs of students and the…
NOL Appoints Two Senior Managers
Neptune Orient Lines Ltd, (NOL) has hired two veteran officials at Sea-Land Service as senior executives in its container transportation arm, APL. Edward W. Aldridge…
Finnlines Reports 62 Percent Profit Drop
Finnlines reported January-August profit before extraordinary items falling to $54 million from $141.7 million. Finnlines' four-month results in May showed profits plunging…
Holyman To Support New Adsteam Offer
Ferry and transport group Holyman Ltd. will recommend a revised 65 cents a share cash takeover offer from Adsteam Marine Ltd. in the absence of a higher offer. Earlier…
NCL Expects $5.9 M Loss After Grounding
Officials of NCL Holding ASA announced that the company expects losses from the grounding of its Norwegian Sky vessel off Canada last week to total $5.9 million…
NOL Management Changes Causes Shares Rally
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10 percent last Tuesday on optimism over recent management changes, dealers said.
Moody's Rates Mitsui O.S.K. Lines Stable
Moody's Investors Service changed to stable from negative the outlook of its Ba1 senior unsecured debt rating and (P)Ba1 Japanese shelf registration rating of Mitsui O.S.K. Lines, Ltd.
Kirby Expects $10M A Year Savings After Acquisition
Kirby Corp., the nation's largest tank barge operator, expects to save at least $10 million per year due to its acquisition of Hollywood Marine Inc. Kirby agreed…
Moody's Comments On Sea Containers' Market Position
Moody's Investors Service assigned a Ba3 rating to Sea Containers Ltd.'s new $150 million senior notes, confirmed the Ba3 rating on its existing senior notes and…
