Corvus Energy reports that it has completed the installation of a 5.5 MWh battery energy storage systems (ESS) in each of the two Grimaldi Group RoPax cruise ferries Cruise Barcelona and Cruise
NOVEMBER 14, 2018 — Japan’s NYK Group has unveiled its concept of the “NYK Super Eco Ship 2050” incorporating innovative technologies that will result in an emission-free vessel. Among them? Replacing propellers
JUNE 5, 2018 — Former U.S. Maritime Administrator Paul “Chip” Jaenichen has joined Liberty Global Logistics (LGL), Lake Success, NY, as its Executive Vice President – U.S. Flag. In his new position,
JANUARY 10, 2017 — Aiming to make liquefied natural gas a viable fuel for a larger range of vessels, ship design specialist Deltamarin and LNG containment specialist Gaztransport & Technigaz (GTT) have
AUGUST 28, 2017 — MacGregor, part of Cargotec, has acquired the rights for a ships efficiency software from Lekven AS to increase RO/RO vessels operations efficiency and to drive port call optimization.
JULY 19, 2017 — The world’s largest shipbuilder, Hyundai Heavy Industries (HHI), says that its Integrated Smart Ship Solution (ISSS) is the first of its kind in the global shipbuilding industry and
JUNE 14, 2017 — Ship-to-ship LNG bunkering service has started in the port of Zeebrugge, Belgium. The bunkering vessel ENGIE Zeebrugge has made its first deliveries of LNG (liquefied natural gas) as
JANUARY 17, 2017 — The Coast Guard and good Samaritans yesterday responded to a report of an engine room electrical fire on a 2005-built, U.S.-flagged PCTC operated by Maersk Line, Limited subsidiary
JUNE 20, 2016 — DNV GL has issued a report on fire incidents in RO/RO spaces that identifies 35 such fires between 2005 and 2016. A previous DNV study, published in 2005,
It reports that it has executed a Memorandum of Agreement and buyers have lodged the required deposit for the sale of the international-flag PCTC Glovis Countess. Delivery of the vessel is scheduled to be completed by December 31, 2015. Excess cash after debt payoff of approximately $16 million will be maintained by the company for general corporate purposes.
The company has also executed Memoranda of Agreement for the sale of its two handysize vessels and one capesize vessel for approximately $30 million. Deliveries of the vessels are scheduled to be completed prior to January 31, 2016. All net proceeds from the sale of these vessels will be used to pay down outstanding debt.
The company is in discussions on the sale of its supramax vessel and its railcar service facility (FSI) in Mobile, AL. All net proceeds from the sales will be used to pay down outstanding debt.
Mr. Niels M. Johnsen, Chairman and Chief Executive Officer, said, “As we continue to streamline International Shipholding, we are focused on completing the implementation of our Strategic Plan in an expeditious, but orderly, manner. We continue to market all of the remaining assets to be divested pursuant to our Strategic Plan, and we will provide further periodic updates as we continue to make progress towards our March 31, 2016 target for full implementation.å
