Good time to invest in product tankers says Wilbur Ross

DECEMBER 12, 2013 — Billionaire investor Wilbur Ross thinks that this is a good time to invest in clean product tankers. Among the hats he wears is that of Chairman of Diamond

Army places bumper order for RIBs

DECEMBER 12, 2013 — Willard Marine, Anaheim, CA, has received a contract to supply 42 rescue boats for U.S. Army supply ships and landing craft. Under the contract, awarded by the U.S.

UASC box ship newbuilds to be LNG fuel ready

DECEMBER 12, 2013 — Dubai based United Arab Shipping Company (UASC) plans to give LNG fuel capability to the containerships it has on order at South Korean shipbuilder Hyundai Heavy Industries Co.,

Drydocks World signs MOU with MARS

DECEMBER 12, 2013 — Dubai’s Drydocks World and Maritime World have signed a MOU with MARS Fundusz Inwestycyjny Zamkniety (MARS Closed-End Investment Fund), a Warsaw, Poland, based company, that manages multiple companies

Three fined for Alaska response plan violations

DECEMBER 12, 2013 — The Coast Guard has imposed monetary penalties on three vessel operators in violation of federal regulations related to Western Alaska tank vessel response plan requirements. The vessels Pacific

Class NK’s Suga to chair TSCF

DECEMBER 12, 2013 — Hayato Suga, the General Manager of ClassNK’s Natural Resources and Energy Department and one of ClassNK’s foremost experts on tanker vessels the next Chairman of the Tanker Structure

StealthGas pulls stock offering, announces CFO departure

DECEMBER 11, 2013 —  On Monday, Harry N. Vafias led gas carrier specialist StealthGas Inc. (NASDAQ: GASS) announced an underwritten public offering of 10,000,000 shares of its common stock. Yesterday it announced

Mexican Navy inks order for fifth Stan Patrol 4207

DECEMBER 11, 2013 — Mexico’s Secretaría de Marina has signed a contract with Damen Shipyards Group, the Netherlands, for a Damen Stan Patrol 4207. The Mexican Navy already operates two similar patrol

SECNAV orders audit of port services

DECEMBER 10, 2013 — Secretary of the Navy Ray Mabus has ordered a review and audit of procedures, administration, and performance of all husbanding and port services contracts. In a December 5

HHI in MOU to develop Mobile Powership

DECEMBER 10, 2013 — Three South Korean companies, Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., and Hyundai Heavy Industries Co., Ltd., have signed a Memorandum of Understanding with Siemens Energy

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