Scorpios in $1 billion buying binge
DECEMBER 3, 2013 — Robert Bugbee led Scorpio Tankers Inc. (NYSE: STNG) and Scorpio Bulkers Inc. (OSLO-OTC: SALT) are continuing their buying binges, splashing out more than $1 billion on vessel acquisitions
Search Results for: bulk carriers
Excel Maritime files for Chapter 11
JULY 2, 2013 — Athens headquartered bulker operator Excel Maritime Carriers Ltd. has now gone ahead with the Chapter 11 bankruptcy filing that it said it planned in a form 6K filed
Excel Maritime plans to file for Chapter 11
JUNE 11, 2013 — In a form 6K filed with the SEC today, bulker operator Excel Maritime Carriers Ltd. (NYSE: EXM), reports that it is proposing to file a joint prepackaged Chapter
CIT’s Engh: It’s the perfect time to be in marine finance
MAY 29, 2013 — With less competition in the market and a high demand for refinancing, the perfect time to be in the maritime finance business is right now, according to Svein
GAO reports on impacts of Jones Act on Puerto Rico trade
MARCH 21, 2013 — The GAO has issued a report that should rekindle the debate over the benefits, or otherwise, of the Jones Act. Entitled “Puerto Rico: Characteristics of the Island’s Maritime
Frontline 2012 plans NY listing, goes on building binge
MARCH 20, 2013 — Frontline 2012, whose majority shareholder is John Fredriksen’s Hemen Holding, yesterday reported preliminary fourth quarter and full year 2012 results and said it is “currently in the process
Mississippi shutdown fears eased, for now
JANUARY 8, 2013 — The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) reacted today to recent statements from Senator Dick Durbin (D-IL) and the U.S. Army Corps of Engineers that
CIT Group launches maritime finance business
NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite
New MHI propeller promises major fuel savings
NOVEMBER 8, 2012 — Japan’s Mitsubishi Heavy Industries (MHI) has introduced a high performance propeller that it says can improve the propeller efficiency of containerships by 5 percent. This yields a potential
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