Latest News
NOVEMBER 19, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase…
NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange under the symbol…
NOVEMBER 19, 2014 — China's Guangzhou Shipyard International (GSI) has cut steel for two ice-class ARC7 28,500 dwt PC-3 module carriers. They are on order for ZPMC-Red Box Energy Services and are intended for carrying…
NOVEMBER 19, 2014 —  Crowley Maritime Corporation this month awarded Thomas B. Crowley Sr. Memorial Scholarships to two University of North Florida (UNF) students who are also currently part-time employees with the company. UNF seniors…
NOVEMBER 19, 2014 — PPG Industries Inc., Alexander, Arkansas, is being awarded a $8,931,277 modification under a previously awarded indefinite-delivery/indefinite-quantity contract (N00033-14-D-8010) with firm-fixed-price delivery orders to exercise a one-year option for the worldwide supply,…
NOVEMBER 19, 2014 — The Coast Guard and EPA are getting set to take action to ensure compliance with the forthcoming 0.10 percent fuel sulfur limits in the North American and U.S. Caribbean Sea Emission…
NOVEMBER 19, 2014 — Finnish family owned shipping company Oy Langh Ship Ab will get a new managing director at the turn of the year, when the current managing director, Hans Langh, takes over as…
NOVEMBER 18, 2014 — Shipowners still wondering why environmental regulatory pressure on the industry keeps growing might want to take a look at a new study quantifying global ship traffic that has been been accepted…
NOVEMBER 18, 2014 — Drydocks World (DDW), Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbor tug that will operate on liquefied natural gas (LNG). The…
NOVEMBER 18, 2014—The 19,000 TEU CSCL Globe, the world’s largest containership was recently christened in South Korea during a ceremony at Hyundai Heavy Industries Co., Ltd. (HHI). The CSCL Globe is the first of five…
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