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Corporation Announces

OMI Corporation Announces Vessel Sale

OMI Corporation announced that it has sold the Soyang, one of its Suezmax tankers, to Jacob Tankschiffahrtsgesellschaft GmbH & Co. KG and agreed to time charter the vessel back for a period of five years. The company has options to extend the time charter and to repurchase the vessel at the end of the time charter. The transaction results in a gain of approximately $5 million dollars, which will be realized over the term charter. The transaction has increased the company’s cash by approximately $20 million after repayment of the debt allocable to the vessel. Craig H. Stevenson, chairman, chief executive and president OMI commented that “in potentially prolonged weak markets, it is especially important to have cash on hand both to withstand the lower cash flow and take advantages of opportunities. This transaction is an important step in increasing the company’s liquidity.”


COSCO Zhoushan Shipyard Delivers Another Bulk Carrier

COSCO Corporation announce delivery of a 57,000 dwt bulk carrier to a European buyer COSCO Corporation (Singapore) Limited announces that COSCO (Zhoushan) Shipyard Co., Ltd ("COSCO Zhoushan"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, named "SUPERIOR", to its European buyer. The delivery documents were signed by and between COSCO Zhoushan and the buyer recently


Todd Shipyards Wins Navy Contract

Todd Shipyards Corporation announced that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation, a delivery order under its Multiple Award Contract in the amount of $5m for the in-drydock repairs and preservation of Caisson #4 at Drydock #2 at Puget Sound Naval Shipyard in Bremerton, Wash. Work will be accomplished by the Todd Pacific workforce and selected subcontractors commencing in August 2006 with completion scheduled for November 2006


GlobalSantaFe Corporation Announces Update to Fleet Contract Status

Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (GSF)said that its report of drilling rig status and contract information has been updated as of June 8, 2007. The drilling rig status and contract information report on GlobalSantaFe's offshore drilling fleet is available in a condensed format via the company's Web site at http://www.globalsantafe.com. The report is located in the "Investor Relations/SEC filings" section


Carnival Declares Third Quarter Dividend

Carnival Corporation announced today that its Board of Directors declared a regular quarterly dividend of 10.5 cents per share for the third quarter ending August 31, 2002. The dividend is payable on September 13, 2002, to shareholders of record on August 30, 2002.


Marinette Marine Certified ISO 9001:2008

Marinette Marine Corporation, announced certification of their Quality Management System to the ISO 9001:2008 International Standard by Det Norske Veritas Certification, Inc. Marinette Marine is one of few companies to meet the new ISO 9001:2008 certification requirements which updates and replaces the 2000 version previously certified to in April 2006. In accepting the certificate, Bruce Halverson, Quality Assurance Manager for Marinette Marine noted


General Maritime Delivers Genmar Gabriel

General Maritime Corporation announced the delivery of the Genmar Gabriel to Seatankers Management Co. Ltd. This represents the final delivery of the 17 single-hull and double-sided vessels the Company sold for $444.5 million in October and November of 2005. With the delivery of the Genmar Gabriel, and including the four Suezmax newbuildings to be delivered between March 2006 and 2008, the average age of


Seaspan Delivers Vessel

Seaspan Corporation announced the delivery of its 23rd vessel, the Maersk Moncton, a 4800 TEU containership built in 1989. The vessel was purchased from A.P. Moller Maersk A/S (APMM) and will be time chartered back to APMM for five years from delivery. APMM has options to extend the charter by up to four years from the end of the firm charter period. The Maersk Moncton, formerly named the Mathilde Maersk, is the final ship in the series of four sister vessels purchased from and chartered


Chemoil Files Suit Against STUSCO

Chemoil Corporation announced today that it has filed suit against Shell Trading US Co. (STUSCO) in the Federal Courts of the Southern District of Texas in connection with certain acidic products, which STUSCO supplied to Chemoil during 2003. In this suit, Chemoil is seeking indemnity from STUSCO, as well as damages for breach of contract and other causes of action. This action is directly related to a series of TAN (Total Acid Number) bunker claims received by Chemoil in New Orleans


Teekay Announces Senior Management Change

Photo: Teekay Corporation

Teekay Corporation announced that Geir Sekkesaeter, Senior Vice President, Conventional Fleet Operations, and Head, Technical, Safety and Quality, has decided to leave Teekay for personal reasons, effective as of March 31, 2013. Mr. Sekkesaeter's responsibilities have been transferred to the respective Business Unit Presidents of the Conventional, Shuttle, and Gas fleets, each of whom is a member of the Teekay Senior Leadership Team.


Crowley Appoints Tornga as VP - Stakeholder Relations

Crowley Veteran Craig Tornga

  Crowley Maritime Corporation announced today that company veteran Craig Tornga has assumed the role of vice president of stakeholder relations for Alaska, and will coordinate with all of Crowley's Alaska business units to leverage relevant company relationships


Crowley Promotes VP and Deputy General Counsel

Kerri McClellan (Photo: Crowley)

Crowley Maritime Corporation announced today that Kerri McClellan has been promoted to vice president and deputy general counsel for the corporation.   McClellan, who is based in Jacksonville and reports to Senior Vice President and General Counsel Mike Roberts


Carnival Corp. to Launch Four New Ships in 2016

ms Koningsdam (Photo: Holland America Line)

Eyeing expanding global cruise market, four of Carnival Corporation’s 10 brands prepare to add new ships in 2016   Carnival Corporation & plc will launch four new ships in 2016 across four of its global cruise brands. These additions are part of the 17 ships scheduled for delivery


Chevron and ENN Sign Gorgon LNG Agreement

The Asia Vision is one of Chevrons new liquefied natural gas (LNG) carriers constructed to support the companys growing LNG operations. (Photo: Business Wire)

Agreement to supply 0.5 million metric tons annually for 10 years from the Gorgon Project   Chevron Corporation announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas


Teekay Sells FPSO, Announces Dividend Boost

Photo: Teekay

Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent   Teekay Corporation announced today that its board of directors has declared a cash dividend on its common stock of $0.55 per share for the quarter ended June 30, 2015


New Tanker Delivered to Ardmore Shipping

Ardmore Chinook (Photo: Ardmore Shipping)

25,000 DWT IMO 2 product and chemical tanker ship, Ardmore Chinook, joins Ardmore fleet   Ardmore Shipping Corporation announced that its latest newbuild tanker vessel, the Ardmore Chinook, was delivered by Japanese shipbuilder Fukuoka Shipbuilding Co


Seaspan Acquires Eighth Boxship

SEASPAN SPANNING THE OCEAN HIGHWAYS

  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the Maersk Guayaquil. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eighth 10000 TEU SAVER design containership and seventh delivery in


Dredging Contract Awarded for Corpus Christi LNG Terminal

U.S. dredging services provider Great Lakes Dredge & Dock Corporation announced it was awarded a contract for work on an export terminal under the development of Corpus Christi Liquefaction, LLC (CCL).   CCL, a subsidiary of Cheniere Energy, Inc


Danaos buys 3 Boxships via new JV

Photo Danaos Corporation

  Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market. The vessels were acquired by Gemini Shipholdings Corporation, a newly-formed entity ("Gemini") beneficially


Teekay Secures $1bln from Chinese Bank

 Teekay Corporation announced today it has entered into a framework cooperation agreement with the Export-Import Bank of China (CEXIM) for up to $1 billion in new loan facilities.   The loan facilities would be made available to Teekay and its subsidiaries


Teekay Veteran Glendinning to Retire

Long-time Teekay leader David Glendinning, president of Teekay Gas Services, will retire December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Glendinning is Mark Kremin, currently vice president in the same division, Teekay Corporation announced today.  


Seaspan Acquires Sixth 14000 TEU Boxship

SEASPAN Spanning the Ocean Highways

  Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14000 TEU SAVER design containership and eighth delivery in 2015.


Market Growth to Bring More Carnival Ships to China

Rendering of Princess Cruises’ new China-based cruise ship, Majestic Princess. (Image: Princess Cruises)

Eying a rapidly growing cruise market, Carnival Corporation announces plans to sail more ships from China The Chinese cruise market, expected to become the world’s largest based on surging demand for cruise vacations by Chinese travelers


Ardmore Shipping Announces Secondary Public Offering by GA Holdings

Photo: Ardmore Shipping Corporation

 Ardmore Shipping Corporation announced that GA Holdings LLC intends to offer for sale in an underwritten public offering 4,000,000 shares of the Company's common stock.    The Selling Shareholder expects to grant the underwriters a 30-day option to purchase up to an additional 600


Seaspan Announces Senior Management Changes

  Seaspan Corporation announced that Sai Chu, Chief Financial Officer, has informed of his resignation and retirement from Seaspan effective November 6, 2015, after more than 10 years' of service with Seaspan and related entities. Gerry Wang, Chief Executive Officer






 
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