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European Commission ends P&I Club investigation

AUGUST 1, 2012 — The International Chamber of Shipping (ICS), which represents over 80 percent of the world merchant fleet, has welcomed the decision by the European Commission competition directorate to close

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More red ink at OSG

AUGUST 1, 2012 — Tanker giant OSG reported a second quarter loss of $46.0 million, or $1.52 per diluted share. Once again, U.S.-flag operations were one bright spot in the picture. Morten

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Royal Caribbean Cruises promotes Michael Bayley

JULY 31, 2012 — Royal Caribbean Cruises, Ltd. today announced that Michael Bayley has been promoted to President and CEO of Celebrity Cruises, replacing Dan Hanrahan, whose departure was recently announced.  Bayley