Navios Announces Exercise of Underwriters' Over-Allotment Option and Closing of Offering
option granted to them by Navios. underwriter discount and estimated offering expenses. offering originally announced on May 16, 2007. J.P. Morgan Securities Inc. and Merrill Lynch & Co.
War Supplemental Bill Helps Ports
President Bush on May 25 signed into law H.R. 2206, a compromise Iraqi war appropriations supplemental bill that includes $110 million in additional fiscal 2007…
Hamburg-Messe to Present German Companies at Nor-Shipping
The German Pavilion at Nor-Shipping, to be held in Oslo, Norway from June 12 to 15, will be the setting for presentations by 13 companies. These international companies…
Bourbon Holds Combined Annual and Special Shareholders' Meeting
The Bourbon Combined Annual and Special Shareholders' Meeting was held yesterday under the Chairmanship of Jacques de Chateauvieux at the Palais Brongniart in Paris.
Sasebo SRF Workers Recognized for Speedy Repairs
Thirty Japanese contractors serving under Ship Repair Facility (SRF) Detachment Sasebo were recognized May 25 for providing speedy maintenance and repairs to USS…
Euroseas Reports Results for the 1Q
Euroseas Ltd. , an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced…
Bataan’s AIMD Implements Award Program
By Mass Communication Specialist 2nd Class (AW) Jeremy L. The Aviation Intermediate Maintenance Department (AIMD) aboard the multi-purpose amphibious assault ship USS Bataan (LHD 5)…
Odense Steel Shipyard Ltd. sells Balti ES Ltd. to Cargotec Corporation
Odense Steel Shipyard Ltd. (Odense Staalskibsværft A/S) announces the sale of Balti ES Ltd., a manufacturer of metal components based in Narva, Estonia, to Cargotec Corporation, Finland.
VOSTA LMG Builds TSHD for Dutch Dredging
VOSTA has been awarded with the contract for the delivery of a complete engineering and component package for a trailing suction hopper dredge for Dutch Dredging…
Morocco Sells State Maritime Company to French Firm
According to reports, Moroccan government and public institutions Monday sold their stake in the state-run maritime transport company Comanov to French firm CMA-CGM for $269m.
Dubai Drydocks Moves into Singapore Market
Dubai Drydocks World LLC (DD World), the recently-launched maritime holding company, and a member of Dubai World, announced its first major overseas acquisition…
TOP Tankers Announces Re-Acquisition of Suezmax Tankers
TOP Tankers Inc said that it has entered into an agreement to re-acquire four suezmax tankers that it sold in 2006 in a sale and lease-back transaction, and to terminate…
Sea Tow Reports High Activity Levels
Sea Tow Services International Inc., released their statistics this morning on the company’s activity level for the Memorial Day weekend. Capt. Joseph Frohnhoefer III…
Sea Services Take on New York
Sailors assigned to amphibious assault ship USS Wasp (LHD 1) pose for a photograph in Times Square while on liberty. The 20th annual Fleet Week New York is an opportunity…
California Proposes Standards for Discharge of Ballast Water
The California State Lands Commission issued a Notice of Proposed Regulatory Action that would, if adopted, establish performance standards for the discharge of…
Tugboat Captain Sentenced
The U.S. Attorney's Office said that Gary O. Burnham, of Michigan City, Ind., was sentenced to serve 30 months in prison for operating as a ship's captain on a forged license…
NSRP to Hold Surface Prep Panel
Presentations at this meeting will include updates on panel projects, updates on coating research activities, and technical topics related to preservation of ships.
Navy Installs First Onboard Ship Protection System to Thwart Terrorist Attacks
The Navy will field the first Shipboard Protection System (SPS) aboard a naval surface combatant this month. The SPS equips the ship’s commander with organic tools…
Floating LNG Terminal Prequal Attracts Companies
According to Business News, nine companies have submitted pre-qualification documents to state-run Petroleum Corporation of Jamaica (PCJ) to provide a floating LNG terminal…
Advice for Charterers as Legal Liabilities Grow
A surge in the volume of fixed premium business managed by the UK P&I Club and the proportion accounted for by time chartering has highlighted the growth and complexity…
