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NCA Acquires More IOS Offshore Shares 6/26/2009 9:58:23 AM Norse Cutting & Abandonment AS (NCA) has acquired an additional 21% of mooring specialist IOS Offshore, bringing its total engagement up to 91%. IOS Offshore (IOS) offers rental, sales and service of specialized mooring and lifting equipment. The company has several bases along the Norwegian... Star Bulk Declares Dividend, $.05 Per Share 6/26/2009 9:52:14 AM Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the company's common stock for the three months ending June 30, 2009. The dividend is payable on or about July 14, 2009 to shareholders of record as of July 7, 2009... Dockwise Reduces Debt by $58m in Q2 6/25/2009 9:42:46 AM Dockwise announced that it expects to reduce its debt by a total of $58m to just below $963m by the end of Q2 2009. The reduction will be driven by: •    Release of the remaining $40.6 million held in the Mighty Servant 3 escrow account •    Successful buy back of $ 8... Teekay Tankers Prices Stock 6/23/2009 11:19:52 AM Teekay Tankers Ltd. (NYSE:TNK) announced that it has priced its follow-on public offering of 7,000,000 shares of Class A common stock, at $9.80 per share. The offering is expected to close on June 24, 2009, subject to customary closing conditions. Teekay Tankers has granted the underwriters a 30-day... Dry Ships Signs Agreement with DnB NOR 6/22/2009 9:42:38 AM DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with DnB NOR on waiver terms for $86m of our outstanding debt. George Economou, Chairman and Chief Executive Officer,... Dockwise to Confirm Debt Buy Back 6/18/2009 9:14:21 AM Further to its debt buyback announcement  of 8 June 2009, Dockwise Ltd. announced it has acquired $8.5m of floating rate first lien debt at an average price of $73.93 per $100 in debt. Dockwise reserves the right to continue to purchase floating rate first lien debt on a bi-lateral basis. (www.dockwise.com)... Namura Shipbuilding Gains 6/17/2009 9:46:59 AM According to a June 17 report from Bloomberg, Namura Shipbuilding Co., a Japanese builder of cargo vessels and tankers, gained the most in a month after increasing its annual profit forecast to reflect compensation it got from a customer that canceled a ship order. The stock rose 7.4 percent as of the... Bender Fights Bankruptcy 6/11/2009 6:11:42 AM Bender Shipbuilding & Repair, based in Mobile, Alabama, said that a petition has been filed to put the company into involutary bankruptcy. The company had yet to be served, but it did say that it is in contractual disputes with two of the three creditors who filed the petition, including GulfMark Offshore Inc... Maersk Raises Rates on Far East to Europe Route 6/10/2009 6:22:55 AM Maersk Line would like to announce rate increases on our services from the Far East to Europe.  The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is unsustainable in the longer term. The rate increases are necessary... Star Bulk 1Q Results 6/8/2009 8:10:14 AM Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced its unaudited financial and operating results for the three month period ended March 31, 2009. First Quarter 2009 Highlights •    For the first quarter of 2009, net income was $22... Omega Navigation Releases 1Q Results 6/4/2009 2:51:55 PM Omega Navigation Enterprises, Inc. said that for the quarter ended March 31, 2009, it reported total revenues of $18.7 million and Net Income of $6.3 million, or $0.41 per basic share, excluding a loss on its interest rate derivative instruments, a gain on warrants revaluation and incentive compensation grants expense... Omega Navigation 1Q 2009 Results 6/3/2009 9:48:37 AM Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SES: ONAV50), a provider of global marine transportation services focusing on product tankers, announced its financial and operational results for the first quarter ended March 31, 2009. For the quarter ended March 31, 2009, Omega Navigation reported total revenues of $18... London Club Strengthens Financial Position 6/2/2009 10:04:15 AM The London P&I Club reported that, while investment performance was adversely affected in the year to February 20, 2009, its financial position has been considerably strengthened as a result of action taken by its committee in setting additional calls in October 2008. The club’s annual report will be published in July... Another Round of Ferry Grants 6/1/2009 9:30:31 AM The Passenger Vessel Association reminded its members that applications for Federal Ferry Boat Discretionary Grants are being accepted through Friday, June 12.  This competitive solicitation is different than an earlier one involving funds contained in the Economic Stimulus Act. This... No Cost-Share Security Grants 6/1/2009 9:29:58 AM The Passenger Vessel Association called member attention to the recently enacted economic stimulus bill contains $150m for a new round of financing for competitive Port Security Grants.  Program Guidance and Application Kits are available online (www.fema.gov/grants). Click on “American Recovery & Reinvestment Act (ARRA)... Excel Maritime 1Q Results 6/1/2009 9:23:53 AM Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced its operating and financial results for the first quarter ended March 31, 2009. First Quarter Highlights: •   ... Dryships Agreement on $1.1b of Debt 5/29/2009 10:10:07 AM DryShips Inc. (NASDAQ:DRYS) announced that it has reached agreement on waiver terms with Deutsche Bank AG, lender and Mandated Lead Arranger on $1.125b facility. This facility covers drillships hull numbers 1865 and 1866 currently under construction at Samsung Heavy Industries. This agreement is subject to customary documentation provisions... Dryships Completes “ATM” Equity Offering 5/28/2009 9:36:54 AM DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced the completion of the ATM Equity Offering in which the company raised gross proceeds of approximately $475m since commencing the offering pursuant... Dryships Reaches Agreement on Debt 5/28/2009 9:29:58 AM DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has reached agreement with DnB NOR on waiver terms for $86m of our outstanding debt. This agreement is subject to customary documentation... Conrad 1Q 2009 Results 5/28/2009 9:27:00 AM Conrad Industries, Inc. announced its first quarter 2009 results and the signing of contracts and sale of barges with a total value of $24m which brings our current backlog to approximately $44.4m compared to $34.1m at March 31, 2009, $56.3m at December 31, 2008 and $96.4m at March 31, 2008. 1 2 3 4 5 6 7 8 9 10 ...