Diana to Acquire Two Post-Panamax Containerships
Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated…
Intelsat Records $598 mln Q2 Revenue
Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common share1 of $0.70 for the three months ended June 30, 2015. Intelsat S.A. reported EBITDA1, or earnings before net interest…
ClassNK Releases Guidelines for CNG Carriers
Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers. Global economic and population growth is bringing about increased…
Matson Settles with Hawaii Settle on Molasses Incident
Pacific cargo shipper Matson, Inc. informs that a settlement has been reached with the State of Hawaii to resolve all civil, criminal and administrative claims that…
Asia Dry Bulk-Capesize Rates Could Soften
Capesize market "overheated" as rates near eight-month highs; optimism for a busier fourth quarter looms. Freight rates for capesize bulk carriers are likely to…
Eni Mulls Mozambique LNG Supply Deal
Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.
Vale Sells Four 'ValeMax' Bulkers to China Merchants
Brazilian mining company Vale SA said on Thursday that it expects to receive $448 million from the sale of four dry-bulk iron ore ships to China's state-owned China…
Neptune Orient Lines Logs Q2 Profit
Singapore's Neptune Orient Lines Ltd (NOL) swung to a tiny net profit in its second quarter after six straight quarters of losses but said it had seen severe freight rate erosion.
China, Russia in Sea of Japan Joint Military Drills
China and Russia will hold joint naval and air defence drills in the Sea of Japan, China said on Thursday, the latest exercises between the two countries which could concern Japan…
China: U.S. "Militarizing" South China Sea
China's Defence Ministry on Thursday accused the United States of "militarising" the South China Sea by staging patrols and joint military drills there, ramping…
Long Beach Port Celebrates Environmental Successes
Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert Garcia…
NAO Expedition to Study Walruses
From Naryan-Mar complex expedition started "Investigation Atlantic walrus habitat" for the study of animal southeastern Barents Sea. The expedition of seven experts…
Korean Registry Okays Transas ECDIS
Transas, one of the world's leading providers of integrated navigation solutions, received ECDIS type-approval from the Korean Registry (Korea Marine Equipment Research Institute)…
Rolls-Royce Takes Davies on Board
Rolls-Royce appointed Alan Davies as a Non-Executive Director. He will join the Board with effect from November 1, 2015 and will become a member of the Nominations and Governance Committee…
MOL Wins Eco Awards in California
Mitsui O.S.K. Lines, Ltd. earned recognition from the ports of both Los Angeles and Long Beach, California, today, for its efforts to ensure compliance with standards…
Navy to Commission Submarine John Warner
The Navy will commission its newest fast attack submarine, the future USS John Warner (SSN 785), during a 10 a.m. EDT ceremony Saturday, Aug. 1, 2015, at Naval Station Norfolk, in Norfolk, VirginiaVa.
WGMA Urges Participation in Menhaden Survey
The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey. The…
ExxonMobil 3Q Dividend Unchanged
The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of 73 cents per share on the Common Stock, payable on September 10, 2015 to shareholders…
ICTSI Clarifies Participation in Sasa Project
International Container Terminal Services, Inc. (ICTSI) clarifies that ICTSI’s response was only to an Invitation to Prospective Bidders issued by the Department…
CSG8 Holds Change of Command Ceremony
Rear Adm. Robert Burke turned over command of Submarine Group EIGHT (CSG8) to Rear Adm. Daryl Caudle, during a change of command ceremony at Naval Support Activity Naples, July 29, 2015.
