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GEORGE SILVER

Possible Support for Riverboat Gaming

Illinois Gov. George Ryan signaled he may be willing to support the transfer of a dormant riverboat gaming license to Cook County, despite campaigning against the idea last year. While not explicitly endorsing a specific casino site, he acknowledged without the crucial support of legislators who want riverboat gaming in the county, no gambling package could move forward in the Illinois General Assembly. Cook County is the only Illinois county prohibited by law from having a riverboat casino. Rosemont Mayor Donald Stephens is pushing for a riverboat there, and Chicago Mayor Richard Daley has endorsed Stephens' bid for a casino. Daley said he is not interested in bringing riverboat gambling to Chicago, but if Rosemont wants the dormant Silver Eagle license, he won't raise objections


Sunken Treasure Hunters Latest on 'SS Gairsoppa' Project

Seabed Worker: Photo credit Swire Seabed

Odyssey Marine Exploration inform the 'Seabed Worker', will cease salvage operations to make a scheduled port call in Cork, Ireland. After taking on fuel, supplies and changing personnel, the Seabed Worker will immediately return to the site to continue recovery operations under an extension of the charter agreement. No materials recovered from the shipwreck site will be landed during this port call in Ireland. Pursuant to Odyssey's agreement with the UK Government


Thern Launches New Line of Products

TSSBW_Series_web.jpg

Thern, Inc. is expanding their catalog with the introduction of the new Thern Silver Line of products. The Thern Silver Line is launching with the new imported stainless steel TSSBW Series hand winch. Available in three models offering lifting load capacities of 600, 900 and 1300 lbs, the new TSSBW Series hand winch is fabricated of 304 grade stainless steel and features solid steel machine cut gears, gear covers and automatic brakes


Treasure Hunters Contract Bullion Processors

Odyssey selects JBR Recovery Limited for 'SS Gairsoppa' & 'SS Mantola' silver cargo processing Odyssey Marine Exploration, pioneers in the field of deep-ocean exploration, announce their contract with JBR Recovery Limited to support the logistics, refining and monetization of the anticipated silver cargoes from SS Gairsoppa and SS Mantola when recovered. Both the Gairsoppa and Mantola projects are being conducted under contract with the UK Department for Transport


Wave Yacht Design Wins Award

Artists impression courtesy of A Award

Wave catamaran cruiser yacht design by Roberta Visintin wins the Silver A' Design Award A' Award and Competitions announce that the design Wave Catamaran by Roberta Visintin has been recognized with the Silver A' Design Award in the Yacht and Marine Vessels Design Category, after rigorous judging by the international committee of A' Design Awards & Competitions. Roberta Visintin, the creator of the project Wave Catamaran explains: “Thinking about the sea as a world in a continuous


Odyssey to Open “SHIPWRECK!” Exhibit in Times Square

Odyssey Marine Exploration, Inc., will ring the Opening Bell at the NASDAQ MarketSite in New York on Thursday, May 23, 2013, at 9:30 a.m. to celebrate the grand opening of Odyssey's “SHIPWRECK!” exhibit at Discovery Times Square on Friday, May 24. A live video stream of the Opening Bell Ceremony will be viewable at www.nasdaq.com starting at 9:15 a.m. EDT. "The exhibit features more than 500 authentic artifacts and treasures


Silversea Poised For Growth

With the construction of new sister ships progressing as scheduled and the recently signed contract to manage the world's first ocean-going luxury residence, Silversea Cruises is well poised for growth in the next millennium. The line was founded in 1992 with the concept of offering all-inclusive, ultra-luxury cruises to all parts of the world. The first ship, Silver Cloud, debuted in 1994, followed by Silver Wind in 1995


COMSAT Mobile Honored For Maritime Safety

COMSAT Mobile Communications (CMC) was honored with the Maritime Safety Award at the Seaman's Church Institute's 24th Annual Silver Bell Awards Dinner in New York City on June 14. The plaque, mounted on a large life ring, cites CMC and vigilant earth station operators, "For an abiding commitment to professionalism and innovative approaches to maritime safety." In addition to noting CMC's variety of data, high-speed data and voice mobile satellite communications services


Treasure Hunters, Odyssey, Came Up Silver in 2012

Odyssey Marine Exploration reports financial results for the fourth quarter and year ended December 31, 2012. Fourth Quarter 2012 Financial and Operational Highlights Total revenue in the fourth quarter was $7.9 million as compared to $0.9 million in the same year-ago quarter. The majority of the silver recovered in 2012 from the SS Gairsoppa shipwreck was sold in the quarter with fourth quarter proceeds of $30.1 million to Odyssey ($17


RWE Dea's 'The Breagh Story' Wins Film Awards In Houston, Hamburg

RWE Dea

At the WorldFest 2014 International Film Festival in Houston, RWE Dea won the platinum award in the documentary category with “The Breagh Story”. The film also won the silver award in the energy category at this year’s WorldMedia Festival held in Hamburg.   The documentary tells the story of one of RWE Dea’s largest projects – from the exploration of the Breagh gas discovery and the installation of the production platform


DryShips Misses on Revenue

Ocean Rig Corcovado and Ocean Rig Olympia naming ceremony at Samsung Heavy Industries. Photo by DryShips Inc

 The Athens, Greece-based DryShips reported a $1.44bn loss in the second quarter but delivered an operational profit that was in-line with expectations.   DryShips is an international provider of marine transportation services for drybulk and petroleum cargoes, and through its affiliate


Will COSCO-CSCL Marriage Happen Soon?

Image: China Shipping Group

 The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news!   The beleaguered state behemoths struggling in a protracted industry slump  - China Ocean Shipping Group  (Cosco) and China Shipping Group -


Indonesian Navy Busts Thai Cargo Ship

Silver Sea 2. Photo by The Western and Central Pacific Fisheries Commission (WCPFC)

 The Indonesian fisheries minister says a massive refrigerated cargo ship believed to be loaded with slave-caught fish has been seized by the navy and brought to shore after an Associated Press report alerted authorities about its presence in the country's waters.  


Greek Privatization Agency Sets Deadlines on Port, Railway Tenders

Greece's privatizations agency on Thursday announced deadlines for bids on tenders for the country's two largest ports and state railways TRAINOSE, assets Athens has agreed to sell as part of a new three-year bailout by its international lenders.


April Ice Weighs on US-flag Lakes Cargo

Icebreaker Great Lakes.jpg

U.S.-flag Great Lakes freighters (lakers) moved 6.7 million tons of dry-bulk cargo on the Great Lakes in April, a decrease of nearly 6 percent when compared to the month’s 5-year average.  Another brutal winter again spawned heavy ice formations Lakeswide that slowed the vessels that


USS George Washington Completes Carrier Qualifications

An FA-18E Super Hornet assigned to the Dambusters of Strike Fighter Squadron (VFA) 195 launches from the flight deck of the Nimitz-class aircraft carrier USS George Washington (CVN 73)

  Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows CVW 5 pilots and George Washington's flight deck crew to prove accuracy and proficiency in successfully landing and recovering


Ocean Rig to Float Common Stock

Image: Ocean Rig

 Ocean Rig UDW Inc has launched an offering of its common stock, par value $0.01 per share.    As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price


All Women Crew Team SCA Win Volvo Ocean Race Leg 8

Team SCA crew. Photo: Team SCA

 All-women sailing crew Team SCA have recorded their first victory of the Volvo Ocean Race, clinching the eighth leg in the Bay of Biscay off the coasts of France and Spain.    The Swedish boat, skippered by Briton Sam Davies, won the eighth and penultimate 647-mile stage


SCI Presents Silver Bell Awards 2015

Photo: SCI

A shared passion and concern brought together a diverse group of people from several segments of the maritime industry to celebrate the milestone achievements of three careers and to raise funds to support mariners served by SCI.   More than 770 individuals assembled on Thursday, June 4


Globus Maritime Reports Q1 Loss

Image: Globus Maritime Limited

 Greece-based dry bulk shiping company, Globus Maritime has been pushed back into the black by miserable dry bulk rates, but the company has said that it is awaiting market improvements within 2015.    George Karageorgiou, President


Greece's Creditor Propose to Target Shipping Sector

Greece's shipping sector faces paying a higher tonnage tax, and a phase-out of the special tax allowances it has enjoyed, under the latest proposals presented by the country's creditors, according to documents seen by Reuters. Together with tourism


DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou


Silversea Cruises Orders Luxury Ship from Fincantieri

Image: Silversea Cruises

Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017.    At 40,700 grt and accommodating 596 guests, the newbuild vessel Silver Muse will expand Silversea's fleet to nine ships.   


Silversea Cruises Plans New Flagship

Silver Muse. Image: Courtesy of Silversea Cruises

 Cruise operator Silversea Cruises has unveiled its new flagship, the Silver Muse, which will begin sailing the seas in April 2017.    Built by Italian shipbuilding company Fincantieri, the 40,000-register-tonne ultra-luxury ship will accommodate 596 guests in spacious all-suite


LR First to Certify Small Caribbean Ships

Surveyor Umar Ali from LR’s Trinidad office carries out an inspection of the tugboat Trafalgar

  LR is the first class society to certify small commercial ships operating in the Caribbean After becoming the first classification society to issue Cargo Ship Safety and Small Commercial Safety Certificates to two Trinidad and Tobago vessels LR was recently authorised by several






 
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