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DryShips Inc. (NASDAQ: DRYS) reports the signing of a $141 million syndicated secured term loan facility to partially finance the construction costs of the tankers Belmar, Calida, Lipari and Petalidi. The lead arrangers are the Export-Import Bank of Korea (Korea Eximbank) and ABN AMRO Bank.George Economou, Chairman and CEO, commented:"We are pleased to a ...

John Parrott, President of Totem Ocean Trailer Express, Inc. (TOTE), was honored earlier this month by his alma mater, the U.S. Merchant Maritime Academy, with the 2011 Outstanding Professional Achievement Award.The Outstanding Professional Achievement Award is given to the USMMA graduate "who best exemplifies the finest tradition of the Corps 'Acta Non Verba' ( ...

In response to Horizon Lines' announcement that it will be discontinuing its Guam service effective November 10, Matson assured customers that it has the vessel capacity and necessary equipment to handle the additional volume and maintain existing levels of service without requiring any new fleet deployments.  Matson's U.S.-flag ships currently provide weekly service to Guam and ...

The Ship Operations Cooperative Program (SOCP) is inviting maritime industry representatives to attend a joint MARAD/SOCP Anti-Piracy Training and Technology demonstration to be held at 399 East Cromwell Street, Baltimore, MD  21230 on November 1, 2011.The goals are: Conduct a training and technology demonstration u ...

Thordon Bearings  has appointed George Morrison as Area Sales Manager for Western Europe replacing retiring Campbell Cunningham.According to Thordon's Commercial Director, Jan Willem de Jong, Mr, Morrison's experience and energy will be a catalyst for maintaining strong growth in Western Europe. "G ...

BMT Group member BMT Argoss has formed a partnership with International Paint to deliver demonstrable and transparent improvements in performance, efficiency and environmental emissions for the global shipping fleet.They say that shipowners and ship operators will be able to benefit from a measurable reduction in energy use and CO2 emission by using Intern ...

German multipurpose and heavy lift ship operator BBC Chartering has added a 9,821 dwt multipurpose ship to its fleet fitted with an auxiliary wind propulsion system by Hamburg-based SkySails GmbH. ...

Horizon Lines, Inc. (OTCQB: HRZL) reports that it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the U.S. West Coast, Guam and China. The U.S.-flag containership operator says it is implementing an orderly transition plan, beginning October 31, 2011, and will work aggressively to mitigate any supply chain disruptions for its cu ...

The U.K.-headquartered Harris Pye Group has successfully completed a $4.3 million contract for work on Seadrill's West Pegasus ultra-deepwater semi-submersible. Undertaken on the rig in Curacao, the six week contract – including five actually on the rig - involved a workforce of 115 working initially on fitting column blisters and then taking on an extended renovation and ...

A Lockheed Martin (NYSE: LMT)-led industry team has completed builder's sea trials for Fort Worth, the  third littoral combat ship.The trials – a coordinated effort between the U.S. Navy and the Lockheed Martin team including shipbuilder Marinette Marine Corporation (MMC) – were conducted in the waters of Green Bay and Lake Michigan. They in ...