Offshore buoys Wärtsilä order intake
OCTOBER 17, 2012 — “Despite the continuing uncertainty in the global economy and the tough market conditions, both our order intake and net sales developed well,” says Wärtsilä Corporation President and CEO
Search Results for: bulkers
China’s AVIC to acquire Deltamarin
OCTOBER 15, 2012 — AVIC International Investments Limited, a Singapore-listed offshoot of China’s government-controlled AVIC Group, has signed an agreement to acquire the majority of shares in Finnish ship design and engineering
International Shipholding buys Jones Act bulker operator
OCTOBER 11, 2012 — Mobile, Alabama, headquartered International Shipholding Corporation (NYSE: ISH) reports that it has entered into a definitive agreement to acquire a 100 percent ownership interest in U.S. United Ocean
Crew costs on the increase
SEPTEMBER 26, 2012 —International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry increased by an average 2.1 percent in 2011. This compares with a 2.2
Britain’s oldest shipping company hauls down its flag
AUGUST 9, 2012 — Britain’s oldest shipping company has gone into liquidation. Newcastle-based Stephenson Clarke Shipping Ltd., founded in 1730, has fallen victim to the economic downturn. Founded when Ralph and Robert
Eagle Ocean reports a flying start
JULY 30, 2012 — Eagle Ocean Marine (EOM), a specialist fixed-premium P&I and FD&D (Freight, Demurrage and Defense) facility underwritten by the American Club, reports an excellent first year of operation, and
Graig takes delivery of handy size bulker newbuild
JULY 26, 2012 — Cardiff, U.K., based Graig Group has taken delivery of the the first of two Seahorse 35 class vessels building for Graig and partners at Jiangdong Shipyard, Wu Hu,
MHI says AIDA hull bubble lubrication will cut fuel consumption by 7 percent
JUNE 6, 2012 — Mitsubishi Heavy Industries, Ltd. says that the Mitsubishi Air Lubrication System (MALS) to be installed on the two AIDA cruise ships to be built at its Nagasaki Shipyard
Contract signed for first Chinese-built engine of MAN B&W G80 design
A ceremony at the CSSC-MES Diesel Co., Ltd. (CMD), Shangai, saw the signing of the contract to construct the first Chinese-built MAN B&W design Green Series 7G80ME-C9.2 engine. Due for delivery in
International Shipholding reports fourth quarter results
Mobile, Ala., based ship operator International Shipholding Corporation (NYSE: ISH) has announced financial results for the quarter and year ended December 31, 201. Fourth quarter net income was $1.8 million $8.9 million