• News

Costa Concordia will be scrapped in Genoa

JUNE 30, 2014 — The Italian Government has endorsed Costa Crociere’s decision that the wreck of the cruise liner Costa Concordia be scrapped in Genoa. Carnival Corporation subsidiary Costa says that in

Otto Marine sells interest in Malaysian JV

JUNE 30, 2014 — Singapore listed Otto Marine Limited’s interest in Malaysian JV Go Marine has gone. The offshore services provider says that its 90%-held subsidiary Go Marine Ship Management (S) Pte

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Shipping confidence dips a little

JUNE 30, 2014 — Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014 but remain at their second-highest level for the past six years. The

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Philippe Donche-Gay is new IACS Chairman

JUNE 30, 2014 — Philippe Donche-Gay, Executive Vice-President and Head of the Marine & Offshore Division, Bureau Veritas, has been elected as Chairman of IACS, the International Association of Classification Society with

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Saab buying Kockums for SEK340 million

JUNE 29, 2014 — Saab announced on Friday that it has entered into an agreement with ThyssenKrupp Industrial Solutions AG regarding the acquisition of ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums).

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NewLead faces NASDAQ delisting

JUNE 27, 2014 — Piraeus, Greece, headquartered NewLead Holdings Ltd. (NASDAQ: NEWL) says that on June 25, 2014 it received a letter from the NASDAQ Listing Qualifications Staff of the NASDAQ Stock