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SEPTEMBER 23, 2013 — Dubai-based tanker operator Gulf Navigation Holdings, which posted a $40.3 million annual loss last year, plans to shed its two VLCCs, Gulf Sheba and Gulf Eyadah. On September 16, Gulf Navigation…
SEPTEMBER 23, 2013 — Ron Widdows, CEO of Hamburg based Rickmers Group calls a new joint venture with private equity group Apollo Global (NYSE: APO) "a further milestone along the path we have embarked on…
SEPTEMBER 23, 2013 — In another embarrassing incident that the cruise industry does not need, Princess Cruises' newest ship, Royal Princess, lost power in the Mediterranean yesterday with 3,594 passengers and 1,336 crew members onboard.…
SEPTEMBER 23, 2013 — Norway's Ulstein Verft today delivered the final newbuild in the series of six X-Bow PX 121 platform supply vessels ordered by Ulstein Group's Blue Ship Invest. The ship, the Blue Protector,…
SEPTEMBER 22, 2013 — Raceland, LA, based Adriatic Marine LLC has entered into a contract with Harvey Gladiator LLC, a wholly-owned subsidiary of Harvey Gulf International Marine LLC, for the purchase of six 205 ft…
SEPTEMBER 20, 2013 — The official steel cutting ceremony took place this week in Shanghai for Atlantic Container Line's five, G4 (Generation 4) RORO/Containerships, marking the start of actual construction. ACL says its new G4…
SEPTEMBER 20, 2013 — The President of Azerbaijan Ilham Aliyev today officially opened the new 62,000 sq.m Baku Shipyard. The new shipbuilding facility has been jointly developed by Singapore's Keppel Offshore & Marine Ltd (Keppel…
SEPTEMBER 20, 2013 — A U.S. judge has ruled that the Taipei, Taiwan, based Shanghai Commercial Bank must cooperate with Nobu Su's TMT shipping line and stop its arrest of the 37,000 ton bulk carrier,…
SEPTEMBER 20, 2013 — Peter Georgiopoulos's Baltic Trading Limited (NYSE: BALT) today announced the pricing of its current public offering of common stock.  Baltic Trading agreed to sell 12,000,000 shares of common stock at a…
SEPTEMBER 20, 2013 — ABB has won an order worth around $25 million to supply its Azipod marine propulsion system and complete electric power plants for two new rescue and salvage icebreakers that are under…
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