USCG cutter and laker collide during ice escort
JANUARY 7, 2014 — It looks like rear-enders can happen on the Great Lakes as well as the highways. The U.S. Coast Guard Cutter Hollyhock arrived in St. Ignace, Mich., Sunday night
GE Capital arranges $285 million of credit for Harley
JANUARY 7, 2014 — GE Capital, Corporate Finance reports that it is serving as administrative agent on $285 million of senior secured revolving and term credit facilities to Harley Marine Services, Inc.
Canadian Shipowners seek legal review of VGP dates
JANUARY 7, 2014 — The Canadian Shipowners Association (CSA) has formally sought a legal review in the United States of the implementation dates found in the Environmental Protection Agency’s (EPA) Vessel General
Paragon takes delivery of one, gets financing for two
JANUARY 7, 2014 — Dry bulk owner Paragon Shipping Inc. (NASDAQ: PRGN) reports that it has taken delivery of M/V Proud Seas, a 37,227 dwt Handysize vessel, from Zhejiang Ouhua Shipbuilding Co.
Ares Shipyard to build eight ferries for Doha resort
JANUARY 7, 2014 — Ares Shipyard, Antalya, Turkey, is to build eight 18 m x 6.7 m ferries to shuttle guests between Doha, Qatar, and the Anantara Doha Island Resort & Spa,
Euronav to raise $1.085 billion
JANUARY 7, 2014 — Antwerp, Belgium, headquartered Euronav is to raise $1.085 billion to fund the $980 million acquisition of 15 VLCCs from Maersk Tankers that it announced Sunday. It will raise
Aker Philly cuts steel for first Crowley JV ship
JANUARY 6, 2014 — Aker Philadelphia Shipyard, Inc., the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), today began production activities today on the first product tanker that it is
Scorpio Bulkers splurges $1.171 billion on newbuilds
JANUARY 6, 2014 — Robert Bugbee led Scorpio Bulkers Inc. (NYSE: SALT) (OSLO-OTC: SALT) is continuing on its newbuilding binge. Today it announced today that it has entered into agreements worth a
Cracked containership to be repaired at anchorage
JANUARY 6, 2013 — Repairs to a crack on the main deck and outer hull of the the 4,860 TEU containership MSC Monterey will now be carried out on board the ship
Euronav buys Maersk VLCCs for $980 million
JANUARY 5, 2013 — Antwerp, Belgium, headquartered tanker giant Euronav reports it has entered into a contract to acquire fifteen Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for