Diana Shipping Acquires Panamax Dry Bulk Carrier
Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV "Corona", a 2007 built Panamax dry bulk carrier of 73,593 dwt, for a price of US$29.99 million. The vessel, to be renamed "Arethusa", is expected to be delivered to the Company by the sellers by the end of June 2011. Source: Diana Shipping Inc.
Star Bulk Acquires Two Capesize Vessels
Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into definitive agreements to acquire two Capesize bulk carriersfor an aggregate purchase price of approximately $51.5 million. The first Capesize vessel has a carrying capacity of approximately 168,000 dwt and was built in South Korea in 1996. Thisā¦
Crude Carriers Reports First Quarter Results
* Declared a cash dividend of $0.25 per share for the first quarter of 2011. * Reported first quarter net loss of $0.5 million or $0.03 per share (āEPSā). * Earned average Time Charter Equivalent (āTCEā) of $30,050 per day for the two Very Large Crude Carriers (āVLCCsā) and $18,536 per day for the three Suezmaxes in the Companyās fleet. * Announced on May 5, 2011 that Crude Carriers Corp. entered into a definitive agreement to merge with Capital Product Partners L.P. (āCPLPā).
Kleven Maritime Contract with Olympic Shipping
Fosnavåg-shipping company Olympic Shipping contracting newbuildings at Kleven Maritime to 380 million. Contract with Olympic Shipping Kleven Maritime confirms its position as the largest Norwegian-owned shipbuilding group. This is the group's second contract in two weeks. Vessel will be delivered in November 2012 and hosted the third of three similar vessels, where the first two were ordered in August 2010 and January 2011.
Dockwise Announces Q1 2011 Results
DOCKWISE Ltd today publishes results for the three monthly period ended March 31, 2011. ā¢ First payment (USD 35 million) on āT-0ā, worldās largest semi-sub heavy lift vessel. ā¢ Ongoing optimization of fleet: disposal of MV Explorer. o USD 103 million for execution in 2013 and beyond (USD 76 million at end Q1 2010 for execution in 2012 and beyond). The financial statements have been prepared in accordance with IFRS. * Excludes derecognition MS3 claim Q4 2010 USD 8.7 million.
DEUTZ Presents Q1 Results
The 2011 first-quarter results show that Cologne-based engine manufacturer DEUTZ has continued its positive business performance of the past twelve months. Operating profit of ā¬18.2 million (EBIT before one-off items) sends a strong signal that the company is on an upwards trajectory this year. In the first quarter of 2010, DEUTZ had reported an operating profit of just ā¬0.7 million. For the first time in three yearsā¦
Transocean Provides Fleet Update Summary
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our quarterly fleet status report dated April 14, 2011. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled "Transocean Fleet Status Reportā¦
Wilhelmsen Ships Service Customer Magazine
The first issue of the Customer Magazine for 2011 has been sent to our international network. All our offices around the world will be distributing them to customers within the next few days. The Wilhelmsen Ships Service Customer Magazine is designed to keep our customers up to date with developments in the ships service industry. The magazine includes topical articles of interest to ship owners, operators and charterers.
NOL Group Reports $10M Q1 Net Loss
NOL Group, the Singapore-based container shipping and logistics company, today reported a first quarter 2011 net loss of US$10 million compared to a net loss of US$98 million in the same period last year. NOL said first quarter 2011 revenue was US$2.4 billion, up 16% from a year ago. First quarter Core EBIT (Earnings Before Interest and Taxes) was US$13 million, compared to a Core EBIT loss of US$74 million in the same period last year.
APM Terminals 30-Yr Callao Terminal Concession
Terminal Muelle Norte at Peruās largest port is the latest of three expansions into new areas won by APM Terminals this year. Lima, Peru- The new 30-year concession contract for the development and operation of Terminal Muelle Norte at the Port of Callao was signed today by Peruvian President Alan Garcia and representatives of APM Terminals and local partner Central Portuária S.A.C. in the Presidential Palace in Peruās Capital City of Lima.
Statoil Injury Investigation Report
Statoil has forwarded its investigation report following a crane and lifting incident on the Gullfaks A platform in the North Sea on 28 February this year. One person was injured in the incident. In connection with a normal lifting operation from the loading deck to a supply ship, a roustabout was struck in the shoulder by a container. The roustabout was sent to the hospital, where a broken collarbone was confirmed.
Star Bulk Carriers Corp. Reports Q1 Results
Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ended March 31, 2011. The dividend is payable on or about June 1, 2011, to shareholders of record as of May 23, 2011. The Companyā¦
Viseth Deputy Managing Director, Ulstein Verft
Sigurd Viseth is employed as a deputy managing director of Ulstein Verft. He begins the position in mid-May. Viseth comes from Wärtsilä Norway AS and the position of vice president for sales in the country. Before that he worked six years as CEO. in Tussa-24 AS, and also has solid experience in the shipping industry after 17 years in Kleven system in various director positions. Source: http://www.ulsteingroup.com
Dryships Inc. Reports Financial And Operating Results
DryShips Inc. (NASDAQ: DRYS), or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, today announced its unaudited financial and operating results for the first quarter ended March 31, 2011. * On May 12, 2011, the Company was awarded contracts forā¦
Independent Monitoring of Deep-sea Hydrocarbon Industry
Writing in the scientific journal Nature, scientists have called for increased discussion of independent monitoring of deep-sea hydrocarbon industry activity with the aim of obtaining a better understanding of its ecological impact. The hydrocarbon industry is increasingly searching for hydrocarbon resources at much greater depths and developing drilling technology to exploit them. However, drillingā¦
Naval Architecture and Marine Engineering Awarded Project
Naval Architecture and Marine Engineering Italian firm Alberto ALBERT was awarded a project to develop for Italian Logistic firm MOVENDO International the transportā¦
GL Debuts Korean Language Corporate Website
Germanischer Lloyd (GL) has for nearly 35 years used its technical expertise and knowledge to serve the Korean shipbuilding community. A recently-launched Korean language sub-site, hopes to further strengthen that connection by providing clients in Korea with the latest updates on GL's classification and maritime services. GL opened its first Korean office in Busan in 1977, followed by stations established in Ulsan, Geoje Island, Busan and Mokpo, branches in Daegu and Seoul.
Huntington Ingalls Profit Up 9.8%
According to a report from The Virginian-Pilot, about six weeks after it was spun off by Northrop Grumman Corp., shipbuilder Huntington Ingalls Industries Inc. announcedā¦
USCG Responds to Rising Water on Inland Rivers
The Coast Guard has stood up a Maritime Transportation System Recovery Unit, Tuesday, in response to rising water levels on the Inland River System that have impacted commercial traffic.
Knightsbridge Tankers' Profit Drops
According to a report from Reuters, Knightsbridge Tankers Ltd reported a 16% drop in quarterly profit as ship-oversupply hurt sales. Capesizes barely covered theirā¦
