Red ink quarter for International Shipholding
APRIL 15, 2014 — International Shipholding Corporation (NYSE:ISH) expects to report a first quarter net loss, before preferred dividends, in the range of $3.3 million to $3.7 million. It says this is
Saab signs MOU to acquire Kockums
APRIL 15, 2014 — Sweden looks to be on its way to be regaining domestic control of its submarine building industry — fifteen years after selling its national submarine-maker Kockums to Germany’s
CIT helps finance bankruptcy sale buy of Deiulemar bulkers
APRIL 15, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY
Havyard books order for hybrid battery Arctic PSV
APRIL 15, 2014 — Fosnavåg, Norway, headquartered Havyard Group ASA is to construct a hybrid battery powered Arctic PSV for Iceland’s Fafnir Offshore. The Havyard 833 WE ICE platform supply vessel will
Zamakona Yards to build Voith Schneider tug for Haifa
APRIL 15, 2014 — Spanish shipbuilder Zamakona Yards has won an international tender to build a 70 ton bollard pull Voith Schneider tug for the Port of Haifa, Israel. The tug is
ClassNK EVP joins Green Foundation Board of Experts
APRIL 15, 2015 — The Netherlands-based Green Award Foundation has selected ClassNK Executive Vice President Tetsuya Kinoshita to serve on its Board of Experts from May 1 2014. The Green Award Foundation
ALP tugs to have Rolls-Royce deck machinery
APRIL 14, 2014 — Rolls-Royce has been awarded a £19m contract to deliver deck machinery for the four Ulstein SX157 design ocean going tugs that Japan’s Niigata Shipbuilding & Repair will build
Port2Port contractors released on bail
APRIL 14, 2014 — Port2Port West Africa, the Nigerian subsidiary of Port2Port maritime security of the U.K., reports that two of its contractors were released on bail, April 9, on the order
Drydocks World to build two jack-ups for Malta
APRIL 14, 2014 — Drydocks World, Dubai, has signed an agreement with Malta Oil & Gas Ltd. to build two new jack-up drilling rigs based on the Gusto MSC CJ54-X135-A design. The
Liberia gets boost from private equity ship financing
APRIL 14, 2014 — The entry of private equity funding into the ship finance market is helping to sustain the continued growth of the Liberian Registry. “Owners are ordering ships again, and