AUGUST 3, 2012 — Norway’s Oceanteam Shipping ASA (OTS) has concluded a $147 million refinancing of two offshore construction vessels, CSV Bourbon Oceanteam 101 and CSV Southern Ocean, with SpareBank 1 SMN,
AUGUST 3, 2012 — In another indicator of tough times in the tanker sector, Moody’s Investors Service yesterday lowered its ratings of Overseas Shipholding Group, Inc, (“OSG”); Corporate Family and Probability of
AUGUST 3, 2012 — Maersk Line, Limited (MLL) has acquired Cape Canaveral, Fla., based 3PSC, a privately-held ship operator which specializes in the management and operation of Military Sealift Command (MSC) oceanographic
AUGUST 3, 2012 — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has signed a contract with shipbuilder Signal International, Inc. for the construction of a 15,000-cubic-yard-capacity trailing suction hopper barge and
AUGUST 2, 2012 — Crowley Liner Services, Inc. (CLSI) has issued a statement regarding an agreement filed earler this week in U.S. District Court in San Juan, Puerto Rico, in which the
AUGUST 2, 2012 — U.S. Secretary of Labor Hilda Solis was front and center when representatives of the Newport News Shipbuilding Apprentice School attended a Department of Labor national apprenticeship summit. Huntington
AUGUST 12, 2012 — Bisso Towboat Co., Inc., New Orleans, has taken delivery of its newest ship-assist tug, the 4,000 HP ASD tractor tug William S. Constructed at Main Iron Works, Houma,
AUGUST 2, 2012 — Smit Lamnalco has placed a $35 million contract with Hong Kong-based shipbuilder, Cheoy Lee, for four 32 m, Robert Allan design, RAstar 3200 class Azimuth Stern Drive (ASD)
AUGUST 2, 2012 —Captain Arthur H. Sulzer, USN (ret) is to be nominated by President Barack Obama as a Member of the Advisory Board of the Saint Lawrence Seaway Development Corporation Captain
AUGUST 1, 2012 — The U.S. Department of Justice says that Jacksonville, Fla.-based Crowley Liner Services Inc. yesterday pleaded guilty and was sentenced to pay a $17 million criminal fine for its