NOVEMBER 14, 2012 — Upper Lakes Group Inc. of Toronto, Ontario, today expressed its concerns over what it describes as “unsubstantiated allegations regarding the sale of its wholly-owned subsidiary Chantier Davie Canada
NOVEMBER 14, 2012 — Reacting to Overseas Shipholding Group Inc.’s voluntary Chapter 11 filing today (see earlier story) Standard & Poor’s lowered its long-term corporate credit rating on the tanker giant to
NOVEMBER 14, 2012 —The U.S. Merchant Marine Academy, Kings Point, N.Y., has named retired Captain Susan L. Dunlap, U.S.N. (Ret.) as its new deputy superintendent. Captain Dunlap, a 28-year Navy veteran, will
NOVEMBER 14, 2012 — Scheduled for completion in 2015, the expansion of the Panama Canal will allow the transit of ships with drafts of as much as 50 ft. With that in
NOVEMBER 14, 2012 — Bureau Veritas has classed the 16,000 TEU CMA CGM Marco Polo, currently the largest containership in the world. Built by Daewoo Shipbuilding and Marine Engineering in South Korea
NOVEMBER 14, 2012 — BP Shipping has finalized a contract with Boeing subsidiary Jeppesen that will see the installation of Jeppesen’s Vessel and Voyage Optimization Solution (VVOS) on 52 BP vessels carrying
NOVEMBER 14, 2012 — Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) today filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District
NOVEMBER 14, 2012 — “Despite the soft market for some of our core products, STX OSV is still seeing a healthy level of project enquiries, especially in the offshore subsea construction vessel
NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite
NOVEMBER 13 — General Dynamics NASSCO today completed the complex float out operation for the first Mobile Landing Platform (MLP) ship, USNS Montford Point, at its San Diego shipyard. Construction is progressing
