NOL Group has a profitable third quarter
OCTOBER 25, 2012 — APL’s parent NOL Group today reported net earnings of US$50 million for the third quarter of 2012, a US$141 million turnaround from the US$91 million net loss in
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Rederi TransAtlantic buys Merlinja assets
OCTOBER 19, 2012 — Heléne Mellquist, the recently appointed CEO of the Industrial Shipping Division of Sweden’s Rederi AB TransAtlantic is “very excited” that TransAtlantic has acquired the customer base of Finnish
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.
Austal books new orders for wind farm service vessels
OCTOBER 18, 2012 — U.K.-based Turbine Transfers has awarded Austal a new contract worth about GBP 10.5 million (about $17 million) for the design and construction of three offshore wind farm support
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
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
Singapore owners pick Wärtsilä X72 power for six newbuilds
OCTOBER 12, 2012 — Two Singapore-based shipping companies have chosen Wärtsilä X72 electronically controlled low speed engines to power six new vessels ordered from Chinese shipyards. The Wärtsilä equipment will be installed
New CEO for TransAtlantic’s Industrial Shipping Division
OCTOBER 9, 2012 — Heléne Mellquist has been promoted to CEO of Rederi AB TransAtlantic’s (STO:RABTB)(OMX: RABT) Industrial Shipping Division effective immediately. Ms. Mellquist joined TransAtlantic in January 2012 as CFO. Prior
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