Kings Point graduates 219 members of Class of 2012
JUNE 18, 2012 — The U.S. Merchant Marine Academy (USMMA), Kings Point, N.Y., has graduated 219 members of its Class of 2012 at a commencement ceremony where Captain Mark Kelly, Class of
Senate trio secures six months reprieve for USCG icebreaker Polar Sea
JUNE 18, 2012 — U.S. Senators Maria Cantwell (D-WA), Mark Begich (D-AK) and Lisa Murkowski (R-AK) have announced an agreement with the U.S. Coast Guard to postpone the scheduled scrapping of the
BC Ferries reports red ink and falling traffic
JUNE 18, 2012 — British Columbia Ferry Services Inc. (BC Ferries) has released its year-end results for fiscal 2012. The company reported a net loss of $16.5 million for the year ended
Coast Guard releases draft RFP for Offshore Patrol Cutter
JUNE 18, 2012 — The U.S. Coast Guard has released a draft Request for Proposal (RFP) for the Offshore Patrol Cutter (OPC) project. The draft RFP contains new information for the shipbuilding
Nakilat takes over management of its LPG carriers, LNG ships to follow
JUNE 18, 2012 — Nakilat (Qatar Gas Transport Company) Nakilat has assumed full responsibility for the management and operations of its four VLGCs (very large gas carriers), adding in-house ship management and
Otto Marine wins Middle East charter for new Work Maintenance Vessel
JUNE 18, 2012 — Singapore headquartered Otto Marine Limited has secured a ship chartering contract for a newly built 75 m Work Maintenance Vessel. The charter is for a firm 180 days,
Penguin International sets up Malaysian crewboat subsidiary
JUNE 18, 2012 — Singapore based Penguin International Limited reports that its associated company, Pelican Offshore Malaysia Corp, has set up a wholly-owned subsidiary in Malaysia named Flex Fleet Sdn Bhd (“Flex
OSX Brasil secures $1.3 billion financing for giant Açu shipyard
OSX Brasil S.A. (Bovespa: OSXB3) has obtained financing of $1.3 billion for its Açu Shipbuilding Unit. Subsidiary OSX Construção Naval has entered into contracts with lending agents BNDES (National Development Bank) and
Olympic Shipping adds advanced subsea vessel to newbuild program at Kleven
15, 2012 — Fosnavag, Norway, headquartered Olympic Shipping AS has added a 115 m subsea support and construction vessel to its newbuilding program at Kleven Maritime AS. Valued at NOK 600 million
OSG promotes Captain George Dienis to Senior VP
JUNE 15, 2012 — Overseas Shipholding Group, Inc. (NYSE: OSG) has promoted Captain George Dienis to Senior Vice President of OSG. He will now assume responsibility for technical management of OSG’s international