Polar Star released from rescue mission

JANUARY 8, 2014 — The U.S. Coast Guard Cutter Polar Star was released by the Australian Maritime Safety Authority from search and rescue duties yesterday, following confirmation the Russian-flagged expedition ship Akademik

Front Street Shipyard starts patrol craft series

JANUARY 8, 2014 — Front Street Shipyard, Belfast, ME is beginning construction of a series of catamaran patrol craft for Trefoil Marine, Newport, RI. The first of the boats will launch in

USCG cutter and laker collide during ice escort

JANUARY 7, 2014 — It looks like rear-enders can happen on the Great Lakes as well as the highways. The U.S. Coast Guard Cutter Hollyhock arrived in St. Ignace, Mich., Sunday night

GE Capital arranges $285 million of credit for Harley

JANUARY 7, 2014 — GE Capital, Corporate Finance reports that it is serving as administrative agent on $285 million of senior secured revolving and term credit facilities to Harley Marine Services, Inc.

Canadian Shipowners seek legal review of VGP dates

JANUARY 7, 2014 — The Canadian Shipowners Association (CSA) has formally sought a legal review in the United States of the implementation dates found in the Environmental Protection Agency’s (EPA) Vessel General

Paragon takes delivery of one, gets financing for two

JANUARY 7, 2014 — Dry bulk owner Paragon Shipping Inc. (NASDAQ: PRGN) reports that it has taken delivery of M/V Proud Seas, a 37,227 dwt Handysize vessel, from Zhejiang Ouhua Shipbuilding Co.

Ares Shipyard to build eight ferries for Doha resort

JANUARY 7, 2014 — Ares Shipyard, Antalya, Turkey, is to build eight 18 m x 6.7 m ferries to shuttle guests between Doha, Qatar, and the Anantara Doha Island Resort & Spa,

Euronav to raise $1.085 billion

JANUARY 7, 2014 — Antwerp, Belgium, headquartered Euronav is to raise $1.085 billion to fund the $980 million acquisition of 15 VLCCs from Maersk Tankers that it announced Sunday. It will raise

Aker Philly cuts steel for first Crowley JV ship

JANUARY 6, 2014 — Aker Philadelphia Shipyard, Inc., the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), today began production activities today on the first product tanker that it is

Scorpio Bulkers splurges $1.171 billion on newbuilds

JANUARY 6, 2014 — Robert Bugbee led Scorpio Bulkers Inc. (NYSE: SALT) (OSLO-OTC: SALT) is continuing on its newbuilding binge. Today it announced today that it has entered into agreements worth a

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