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
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Flensburg shipyard cuts steel for Canada’s largest ConRo
OCTOBER 19, 2012 — Representatives from Canadian short sea shipping specialist Oceanex Inc. were in Flensburg, Germany last week for the cutting of first steel for Oceanex Connaigra at shipbuilder Flensburger Schiffbau-Gesellschaft.
GL North American Committee meets in Houston
OCTOBER 15, 2012 — The introduction of sulfur limits in the North American ECA and the ratification of the Maritime Labor Convention 2006 (MLC 2006) were high on the agenda when Germanischer
Pacific Carriers takes 67% stake in Drydocks World SEA
OCTOBER 2, 2012 — Drydocks World LLC (DDW LLC) and Pacific Carriers Limited (PCL) have signed an agreement that gives Pacific Carriers a 67 percent shareholding in Drydocks World-Southeast Asia Pte. Limited
Costamare subsidiary reaches settlement in Rena case
OCTOBER 1, 2012 –The New Zealand Government and Costamare subsidiary Daina Shipping Company (owner of the containership MV Rena) have reached what Maritime New Zealand calls “a comprehensive financial settlement in respect
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
Sappio takes helm at Rickmers Americas
SEPTEMBER 7, 2012 — The Rickmers Group has appointed Robert Sappio to the position of President and CEO of Rickmers Americas. He will report to Ronald D. Widdows, CEO of Rickmers Holding.
Sea Star invests in improvements for Puerto Rico trade
JULY 17, 2012—In a move to improve its operations between the U.S. mainland and Puerto Rico, Sea Star Line, LLC, Jacksonville, FL, is investing in new refrigerated equipment, concluding vessel dry-dockings, and
Gulf of Guinea piracy increases
JULY 16, 2012 — The number of pirate attacks worldwide fell sharply in the first half of 2012 says the latest global piracy report from the International Maritime Bureau (IMB). The decline
United Seamen’s service names 2012 AOTOS Award honorees
JUNE 27, 2012 —The United Seamen’s Service says it 2012 Admiral of the Ocean Sea (AOTOS) Awards will be presented to Niels M. Johnsen, CEO and Chairman of International Shipholding Corporation; Captain