SNAME and People to People Announce Summer Program
People to People Ambassador Programs, an organization committed to the exchange of cultural and professional information around the world, is organizing a delegation of naval architecture…
Crowley Expands Tug Business in Northern California
Crowley Maritime Corporation announced today that it has purchased the tug boat business of SeaRiver Maritime in Northern California, effectively doubling the size…
Foss Acquires American Cargo Transport
Foss Maritime Company has expanded into new global markets by acquiring the marine assets of Jore International. America Cargo Transport Corp. (ACT) will operate these assets as an independent…
Ocean Tankers Purchases Fourth Ship
Ocean Tankers Holdings Public Company Limited has increased its fleet to four ships with the delivery of tanker M/T Montauk. M/T Montauk has been renamed to M/T…
New National Defense Exemption to MMPA Authorized for Navy
Following consultation with the Department of Commerce, the Department of Defense today announced authorization of a two-year National Defense Exemption from requirements…
Barbados Sets Conditions for Offshore Drilling
Any oil company wishing to tap into the oil reserves off the coast of Barbados has to comply with some strict guidelines the Government is laying down. In introducing…
H.I.G. Capital Completes Acquisition of PetroCom
PetroCom LLC announced that an affiliate of H.I.G. Capital, a Miami-based private investment firm, has completed the previously announced acquisition of PetroCom.
OSG Announces Sale of DHT Shares
Overseas Shipholding Group, Inc. announced the sale of 4,600,000 shares of common stock of Double Hull Tankers, Inc. in a registered public offering underwritten by Merrill Lynch & Co.
Venezuela and Brazil to Build Panamax Ships
Venezuela's State oil company, PDVSA, said it has signed a deal with Brazilian industrial conglomerates Eisa and Maua Jurong to build ten oil tankers in Venezuela.
Fleet Owners May Get More Time for Hull Conversion
Indian ship owners engaged in transportation of crude are a relieved bunch now that the life of a large chunk of their assets stands to get extended as the Government…
Marubeni and Teekay Join Sea NG in Global Alliance
Sea NG Corporation said that Marubeni Corporation and Teekay Shipping Corporation have formed an alliance with Sea NG for the worldwide commercial deployment of…
Coast Guard Meets with Lockheed, Northrop
U.S. Coast Guard Commandant Adm. Thad Allen met last week with chief executive officers from Lockheed Martin Corp. (LMT) and Northrop Grumman Corp. (NOC) to discuss…
