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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

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Opinion: When Washington got things done

OCTOBER 22, 2013—With the government shutdown having sent Washington into a tailspin and validating Americans’ disdain for beltway politics, you can’t help but think about a time in our history when people

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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

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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

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Japanese consortium takes stake in Brazilian shipbuilder

OCTOBER 22, 2013 — Five Japanese companies are to take a 30 percent stake in Brazilian shipbuilder ECOVIX — Engevix Construções Oceânicas S.A. They are shipbuilders Mitsubishi Heavy Industries, Ltd. (MHI), Imabari

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Two Leevac yards team to build Z-Tech tug

OCTOBER 22, 2013 — Leevac Shipyards, LLC recently delivered the first of two 60-t bollard pull Z-Tech 2400 harbor tug boats, the Chloe K, to Bay-Houston Towing Co. Leevac has shipyards in

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Davie floats out first of Cecon trio

OCTOBER 21, 2013 — Cecon ASA reports that the first of the three construction vessels building for it at Chantier Davie Canada Inc., Lévis, Quebec, was successfully floated out, as scheduled, on