Horizon Lines, Inc. (OTCQB: HRZL) says that it has completed transactions with more than 99 percent of its noteholders, and with Ship Finance International Limited, to substantially deleverage the company’s balance sheet
IHC Merwede has put together the financing it needs to get started on a major shipbuilding export project. As we reported in March, IHC Offshore & Marine has signed two contracts with
The U.S. Coast Guard, together with the Louisiana Department of Envrionmental Quality and Plaquemines Parish, is responding to a report of a fuel oil discharge, Tuesday, on the lower Mississippi River near
Cargotec has received an order to supply a total of twenty 150-tonne electric MacGregor winches for two pipe-laying heavy-lift offshore construction vessels (N448 & N449) which are currently being constructed at Cosco
“The LNG sector together with the offshore shuttle tankers market will be playing a growing role in our company’s affairs going forward,” says Mr. Nikolas P. Tsakos, President & Chief Executive Officer
Crowley Maritime Corporation reports that Julia Shemesh has been promoted to vice president and deputy general counsel. Ms. Shemesh will remain in Seattle, Wash., and will continue reporting to Michael Roberts, senior
Within days of the launch of its newbuild 50,000 dwt semi-submersible vessel, Finesse, Rotterdam headquartered Fairstar Heavy Transport N.V. reports that sister ship Forte has departed the quayside at Guangzhou Shipyard International
School leaders from several maritime-themed high schools throughout the U.S. will gather at the Maritime Academy of Toledo, Toledo, Ohio, for two days this week as part of a national project to
Oslo-headquartered P&I and defense insurance mutual Skuld is offering a reduction in rates for Maritime Kidnap & Ransom insurance. Skuld has now been offering competitive pricing and tailored wordings in this area
Ocean Rig UDW Inc. (NASDAQ: ORIG), which is majority owned by Dry Ships, Inc.(NASDAQ: DRYS), reports that it has received a Letter of Award (LOA) for its ultra deepwater drillship “Ocean Rig
