Progress in talks aimed at ending U.S. port dispute
OCTOBER 24, 2012 — There looks to be some positive progress in talks aimed at resolving a labor dispute that could close 14 ports on the U.S.East and Gulf coasts. Federal Mediation
Ship Finance International buys two car carriers
OCTOBER 24, 2012 — John Fredriksen’s Ship Finance International Limited ( NYSE : SFL ) has gotten into the car carrier business. It reported today that it has agreed to purchase, “at
OSG: The sharks start to circle
OCTOBER 24, 2012 — Multiple law firms specializing in securities class actions have announced that they are investigating potential claims against tanker giant OSG (NYSE: OSG) concerning possible violations of federal securities
Keppel FELS delivers refurbished and upgraded jack-up
OCTOBER 24, 2012 — Singapore’s Keppel FELS shipyard has delivered Paradise 400, a high-specification KFELS B Class jack-up rig to Safin Gulf FZCO (Safin) ahead of schedule and with a strong safety
Crowley Maritime promotes two
OCTOBER 23, 2012 — Crowley Maritime Corporation has announced promotions for Steve Demeroutis (left) and Rudy-Leming (right). Mr. Demeroutis will now assume the role of vice president, marine operations, for the company’s
Ocean Power Technologies gets $900,000 contract
OCTOBER 23, 2012 — Wave energy technology specialist Ocean Power Technologies (Nasdaq: OPTT), Inc. is benefiting from a Japanese Government decision to place far more emphasis on renewable energy following the Fukushima
First specialized ship for nickel ore carriage delivered
OCTOBER 23, 2012—The Jules Garnier II, the world’s first specialized vessel for the carriage of nickel ore, was recently delivered by Japan’ Naikai Zosen Corporation, according to ClassNK. Built for Japanese shipping
APTC will build two more at NASSCO, if it gets Title XI
OCTOBER 23, 2012 – American Petroleum Tankers Parent LLC (APT), a shipping company backed by private equity giant Blackstone, is having another go round at getting a Title XI loan guarantee out
International Shipholding buys PCTC
OCTOBER 23, 2012 – Mobile, Alabama, headquartered International Shipholding Corporation (NYSE: ISH) says it has purchased a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3.5 million
MTU Series 8000 engines get a power boost
OCTOBER 23, 2012 – MTU chose this week’s Euronaval event in Paris to announce that its Series 8000 engines are now available with an output of 10 MW. Previously, the 20-cylinder engine