NOVEMBER 9, 2018 — St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) reports that it has purchased a 2008 built product tanker that will become the seventh tanker within the Algoma
JUNE 21, 2018 —Bahrain-based maritime repair and fabrication facility ASRY recently inked a deal with Egypt-based Arab Maritime Petroleum Transport Company (AMPTC) to install Ballast Water Treatment Systems (BWTS) on part of
JANUARY 13, 2017—Keel layings have always been important milestones in a ship’s life. In a way, it signifies a vessel’s birth. While the keel no longer refers to the wooden “backbone” of
MAY 26, 2016—Product tanker operator d’Amico International Shipping S.A. recently launched two new eco-ships at the Hyundai Vinashin Shipyard Co. Ltd., in Ho Chi Minh City, Vietnam. “Today’s launch and the ambitious
JANUARY 21, 2016 — Copenhagen headquartered DS Norden AS is writing down the value of its dry cargo fleet and making a provision, with no cash flow effect, of $340 million. The
NOVEMBER 2, 2015 — Singapore based BW Pacific Limited, the product tanker operation of Andreas Sohmen-Pao-led BW Group, is looking to raise at least $250 million from the initial public offering and
MAY 7, 2015 — In its first quarter 2015 results, Aker Philadelphia Shipyard (OSE: AKPS) reported EBITDA of $6.9 million compared to $ 24.7 million in first quarter 2014 when adjusted EBITDA
APRIL 8, 2014 — CIT Maritime Finance has provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility
APRIL 1, 2014 — Back in August 2012 when Aker Philadelphia Shipyard ASA sold two Jones Act product tankers that it had been building for its own account to Crowley Maritime’s Crowley
June 11, 2013—Ardmore Shipping Limited, Cork, Ireland, has taken delivery of the 49,999 dwt Ardmore Seaventure, the second in a series of four product and chemical tankers from Korea’s SPP Shipbuilding. The
