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
In two months, the great, the good and the not-so-great-or-good will gather at the annual three-day jamboree of the Connecticut Maritime Association (CMA). One of the hardy perennial topics is sure to
ClassNK (Nippon Kaiji Kyokai) says it has awarded type approval under PSPC (Performance Standard for Protective Coatings) to the world’s first alternative coating system for ballast tanks. The approval, the first of
Arab Shipbuilding and Repair Yard (ASRY), one of the world’s leading shiprepairers, opened its doors to more than 400 guests, including a group of international journalists earlier this month as part of
Publicly traded Rand Logistics, Inc., New York, NY, completed the acquisition of its fifth vessel this year, a Jones Act compliant, self-unloading articulated tug/barge unit. Concurrent with the closing, Rand Logistics placed
A wide range of resolutions was adopted by the 27th Assembly of the International Maritime Organization (IMO), which met at IMO’s London Headquarters November 21 to 30. Besides resolutions urging Governments to
Rolls-Royce has received its first order for vessels based on its Environship concept. It will design and provide integrated power and propulsion systems for two technologically advanced cargo vessels, which have been
Great Lakes bulker operator Rand Logistics, Inc. (Nasdaq:RLOG) reports that it has successfully closed its public underwritten offering of 2,800,000 shares of common stock at $6.00 per share. Proceeds, net of underwriter’s
Joseph E. Royce, Chairman, CEO and President of shipowner TBS International plc (NASDAQ: TBSI) says continued weakness in the Baltic Dry Index has led to an agreement with lenders under which the
With the delivery of Hamburg Süd’s 85,676 GT, 7,100 TEU containership Santa Rosa, the fleet classified with Germanischer Lloyd (GL) exceeds 100 million GT. The Hamburg headquartered classification society currently has more
