MarAd Approves $210.9M in Title XI Loan Guarantees
The Maritime Administration today announced the approval of a $210.9 million Title XI loan guarantee supporting the recent construction of two articulated tug-barge…
MarAd Accepting Bids on Two High Speed Vessels.
The Maritime Administration (MARAD) is now accepting bids on the ALAKAI and HUAKAI, two fast ferry vessels that were previously owned by Hawaii Superferry LLC. Financing…
STX Europe to Prepay Corporate Bond Due 2012
STX Europe AS ("STX Europe") has resolved to prepay its NOK 250 million senior unsecured bonds issue due 2012 according to its terms. The bonds are listed on the…
Report: HII Explores Options for Avondale
According to a Bloomberg report, Huntington Ingalls Industries (HII) may keep its Avondale shipyard in Louisiana open beyond 2013 by turning it into a site for other manufacturing.
Diana Takes Delivery of Containership
Diana Shipping Inc.(NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, announced today that the Company has taken delivery on July 7…
Containerships: 2012 Biggest Year Ever for Deliveries
The year 2012 looks set to be the biggest year for containership newbuilding deliveries in history, in terms of TEU capacity entering the cellular fleet. According…
Sherwin-Williams Acquires Fire Protection Coatings Company
One of the premiere industrial fire protection coatings companies in the world, Leighs Paints, has become part of The Sherwin-Williams Company. The acquisition was announced July 6…
ClassNK to IACS: “Bring Classification into the 21st Century”
ClassNK Chairman and President Noboru Ueda called upon the International Association of Classification Societies (IACS) to play an expanded role in the future as…
STX Europe Sells Shares in STX OSV Holdings Ltd.
STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS (STX Europe), has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX…
Matthews joins BMT
BMT Group Ltd, announced the appointment of Jayne Matthews as Manager, Operational Risk. Jayne will be responsible for leading and managing risk and risk support activities…
Shipowners’ Club Registers Strong 2010 Results
Excellent financial results have been reported by the Shipowners’ Club for the trading year ending February 2011. Positive growth or improvements across almost all parameters have been recorded…
