Crowley raises $200 million

OCTOBER 24, 2013 — Crowley Maritime Corporation reports that it has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. Crowley Chairman,

Kleven books its largest order yet

OCTOBER 22, 2013 — Norwegian shipbuilder Kleven has won its largest contract yet. Worth NOK 1.4 billion ( about $236.7 million), it comes from Haugesund based shipowner Østensjø Rederi and covers the

Eletson on Blackstone-backed LPG newbuild binge

OCTOBER 23, 2013 — Piraeus headquartered Eletson Holdings Inc. has partnered with private equity giant Blackstone to create a $700 million LPG shipping company, Eletson Gas. Eletson will contribute its existing fleet

Groen orders two more chasers at Damen

OCTOBER 23, 2013 — Rederij Groen, Scheveningen, The Netherlands, has returned to Maaskant Shipyards Stellendam, part of Damen Shipyards Group, with an order for two more 35 m x 8.7 m seismic

Super post-Panamax cranes go to work in Savannah

OCTOBER 23, 2013 — In a reminder that new generation containerships ships are going to demand new generation cargo handling equipment, four super post-Panamax ship-to-shore cranes that arrived at the Port of

Outrage grows over imprisonment of security ship crew

OCTOBER 23, 2013 — U.S.-based maritime security firm AdvanFort is stepping up efforts to free the 35 crew and guards aboard the Seaman Guard Ohio who have been detained in an Indian

Blackstone-controlled APT files for IPO

OCTOBER 23, 2013 —  Blackstone-controlled American Petroleum Tankers Partners LP has filed with the SEC to raise up to $173 million in an initial public offering. It plans to list on the

Jotun launches performance package for eco ship builders

OCTOBER 23, 2013 — Jotun Hull Performance Solutions (HPS) has launched the HPS Newbuilding Solution at the Kormarine event in South Korea. The aim is to help shipbuilders delivering eco-design vessels to

CBO: Shipbuilding plan will cost more than Navy says

OCTOBER 22, 2013 — No surprise here: The Congressional Budget Office estimate of the cost of new-ship construction in the Navy’s 2014 shipbuilding plan is higher than the Navy’s. The CBO’s number

Pacific Basin may sell its towing business

OCTOBER 22, 2013 — Hong Kong headquartered bulker operator Pacific Basin is looking at the possibility of selling its towage operations. PB Towage harbor tug These include harbor towage in Australia through

LOAD MORE