Genco Shipping Cuts Public Offer Size
Genco Shipping & Trading Ltd. said it has cut the size of its primary and secondary public offering to about 3.7 million shares from 6.3 million, and has priced the offers at $75.47 per share.
Admiral Allen Unveils Marine Safety Performance Plan
U.S. Coast Guard Commandant, Adm. Thad Allen, will unveil the Coast Guard's Marine Safety Performance Plan during a speech to members of 's maritime industry. The…
Mariner Delivers ABS Classed Ocean-Going Tug
Mariner, LLC has just delivered a new 88-ft. fully ABS classed ocean-going tug. This is the second 88-ft. tugboat built for Smith Marine Towing, Similar equipment to the first vessel but the owner decided to increase horsepower with this vessel with Caterpillar 3512’s rated 1500 hp each. Pushing 4 blade Rolls-Royce stainless propellers through Kort nozzles this vessel has a calculated bollard pull of 45 tons. Lights gensets and the Markey double drum winch is powered by a John Deere engine.
DSM Gets Favorable Judgment in Trademark Lawsuit
The United States District Court for the Northern District of Texas concluded a judgment for patent and trademark infringement and related claims against Armor , on April 22, 2008.
BV Fleet Tops 8,000 Ships
Bureau Veritas has topped 8,000 ships in its classed fleet, which now totals over 60m gt. With the delivery of the high speed passenger ferry Superstar from Fincantieri…
Eurofin Brokers Turkish Ship Finance Loan
Holdings. It is the largest ever ship finance loan made to a Turkish shipping company. Chinese yards. The $440m loan includes $100m of performance guarantees connected to the newbuilding programme.
SOCAR Acquires 65 Percent of Stake in Shipbuilding Factory
Within the visit of Prime Minister Han Seung-soo to , Memorandum on creation of Caspian Shipbuilding Factory was signed. State Oil Company of Azerbaijan Republic…
This Day in Naval History - May 22
1882 - Commodore Shufeldt signs commerce treaty opening to trade. 1958 - Naval aircraft F4D-1 Sky Ray sets five world speed-to-climb records, May 22-23. 1967…
Schat-Harding Opens Guangzhou Service Station
Booming demand for lifeboat and davit servicing in China has led leading lifeboat and davit manufacturer Schat-Harding to open a third Chinese service station, this…
Hellespont Announces Management Changes
The Hellespont Group has promoted Spyros Vlassopoulos, formerly managing director of Hellespont Hammonia GmbH & Co to be Director responsible for Chartering and…
