Matson to acquire Horizon’s Alaska operations
NOVEMBER 11, 2014 — Charlotte, NC, headquartered Horizon Lines (OTCQB: HRZL) looks set to soon disappear over the horizon and become a part of U.S.-flag shipping history. It is getting out the
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Maersk Line, Limited pays $8.7 million in settlement
NOVEMBER 7, 2014 — Maersk Line, Limited, has paid the U.S. $8.7 million as the result of a civil settlement regarding the U.S.-flag operator’s failure to fully comply with certain terms of
CIT finances LR1 product tanker acquisitions
NOVEMBER 3, 2014 — CIT Group Inc. (NYSE: CIT) reports that CIT Maritime Finance has provided $64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between
10 more CMA CGM ships to get nose jobs
OCTOBER 30, 2014 — Marseilles, France, headquartered CMA CGM is to retrofit ten more ships with bulbous bows optimized for current operating speeds. The container shipping giant has already carried out similar
Stolt to relocate Stamford tanker staff to Houston
OCTOBER 27, 2014 — Stolt-Nielsen Limited (Oslo Bors: SNI) is to relocate its tankers’ staff in Norwalk, CT to Houston, TX. The move will consolidate the company’s U.S.-based staff in Houston, which
P&I club says VDR data should be preserved
OCTOBER 24, 2014 — Failure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim, says the London
VT Halter cuts steel for first Crowley LNG fueled ConRO
OCTOBER 23, 2014 — VT Halter Marine, Inc. today officially began construction on the first of two LNG-fueled Commitment class ConRo ships Crowley Maritime Corporation’s liner services group with the first steel
DNV GL sets up Houston-based LNG Solutions Group
OCTOBER 15, 2014 —To meet growing demand for a wide variety of LNG related services, DNV GL has established a Houston-based “LNG Solutions Group – Americas.” With increasingly strict regulation of sulfur
Deepening of Port of Savannah moves ahead
OCTOBER 9, 2014—The $700-million Savannah Harbor Expansion Project that will allow deep-draft post-Panamax container vessels to call at the port after the completion of the expansion of the Panama Canal is moving
Transportation Secretary: Increase investment in ports
OCTOBER 8, 2014—Last month, Senator Patty Murray (D-WA) announced that the Port of Seattle had been awarded a $20 million grant under the federal Transportation Investment Generating Economic Recovery—TIGER for short—program to