Four charged with Singapore bunker delivery scam

MAY 16, 2013 — Singapore authorities have charged four men for their involvement in an alleged bunker delivery scam. The four accused persons are Antonov Sergey (“Antonov”) employed by M/s V Ships

Alumni Association leaves Kings Point campus

MAY 15, 2013 — U.S. Merchant Marine Academy Superintendent James Helis has succeeded in his quest to evict the USMMA Alumni Association & Foundation (AAF) from its offices at Babson Center on

Tidewater to buy Norway’s Troms Offshore Supply

MAY 15, 2013 —Tidewater Inc. (NYSE: TDW), through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms

Somali pirate threat is still very real

MAY 15, 2013 — The Operation Commander of the EU Naval Force, Rear Admiral Bob Tarrant, has issued a renewed warning that Somali pirates are still determined to get out to sea

Conrad increases net and adds to backlog

MAY 15, 2013 — Morgan City, Louisiana, headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD.PK) has reported its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad

DNV reports increased revenues

MAY 15, 2013 — Classification society DNV reports that 2012 saw revenues increase by 27 percent compared to 2011, though high scrapping levels saw the number of ships and mobile offshore units