Star Bulk Sells Capesize Ship, Settles Deiulemar Claim
Star Bulk Carriers Corp. (Nasdaq: SBLK) has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012. Also, Star Bulk announced that its subsidiary Star Beta LLC and Deiulemar Shipping S.p.A ("Deiulemar") agreed to settle all claims that were the subject of an ongoing arbitration.
Cal Maritime Presidential Search Committee to Hold First Meeting
The California State University Board of Trustees will begin the search next month for a new president of the California Maritime Academy to succeed President William B.
Austal USA: $321m Contract Modification for JHSV Program
Austal USA, Mobile, Ala., is being awarded a $321,725,461 modification to previously awarded contract (N00024-08-C-2217) for the exercise of construction options for Joint High Speed Vessels 8 and 9.
MECO Wins USN Shipboard Desalination Contract
MECO won the design and development of advanced shipboard desalination units for the US Navy under contracts with the Office of Naval Research (ONR). Under the new contracts…
HII Wins $383m USS Abraham Lincoln Deal
Huntington Ingalls Industries, Inc. (NYSE:HII) said its Newport News Shipbuilding (NNS) division has received a $383m cost-plus-fixed-fee, level-of-effort contract…