JULY 2, 2012 — French container shipping giant CMA CGM Group has agreed to sell its boutique cruise shipping operation, La Compagnie du Ponant, to European private equity investor Bridgepoint. Bridgepoint focuses
JULY 2, 2012 — NOL Group said today it intends to sell its iconic Singapore headquarters building. The container shipping giant says it is selling the 26 story building to release capital
JUNE 27, 2012 — Looking for fuel savings, lower operating costs and lower emissions, more owners of smaller merchant vessels are opting for two-stroke, low speed engines over their four-stroke counterparts. To
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
JUNE 13, 2012 — Wärtsilä has successfully tested a new RT-flex50 version D low-speed engine with the turbocharger on driving end side. With the addition of this engine, Wärtsilä now has an
JUNE 13, 2012 — Athens-headquartered Box Ships Inc. (NYSE: TEU) reports that it has entered into agreements with subsidiaries of Orient Overseas Container Line Ltd. (OOCL) to acquire two 5,344 TEU post-Panamax
JUNE 12, 2012 — Canada’s Groupe Desgagnés has purchased the unfinished 95.1 m passenger-vehicle-container carrier Bella Desgagnés. Its builder, Croatian shipyard Brodogradiliste Kraljevica, started bankruptcy proceedings today Although the vessel was more
JUNE 8, 2012 — Jones Act containership operator Horizon Lines, Inc. (OTCQB: HRZL) reports that Sam Woodward has joined the company as President and Chief Executive Officer (CEO) and has been appointed
MAY 30, 2012 — To save time and money for the owners of a 270-meter containership that was leaking oil, a Hydrex diver/technician team recently replaced three stern tube seals, using one
MAY 25, 2012 — The Master and Second Officer of the containership Rena were today each sentenced to seven months imprisonment on a total of 11 charges laid by Maritime New Zealand
