Overseas Shipholding Group, Inc. announced the sale of 4,600,000 shares of common stock of Double Hull Tankers, Inc. in a registered public offering underwritten by Merrill Lynch & Co. OSG expects to recognize a gain from the transaction of approximately $15 million in the first quarter of 2007. After completion of the sale, OSG's beneficial ownership of DHT's common stock will be reduced from approximately 44.50% or 13,351,500 shares, to approximately 29.17%, or 8,751,500 shares. This sale was made pursuant to DHT's existing shelf registration statement. DHT will not receive any proceeds from this sale of its common stock.
Overseas Shipholding Group, Inc. (OSG) and Double Hull Tankers, Inc. (DHT) announced that Merrill Lynch & Co. and UBS Investment Bank have exercised their option to purchase 750,000 shares of common stock of DHT. OSG granted the underwriters the 30-day option to purchase up to an additional 750,000 shares of common stock for the purpose of covering overallotments in connection with its previously announced offering of 5,000,000 shares of common stock of DHT
Athens, Greece, April 11, 2011 – Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it plans to offer 5,000,000 shares of its common stock to the public (the “Public Offering”). In connection with the Public Offering, the Company intends to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.
Sea Containers Ltd. marine container lessor, passenger and freight transport operator and leisure industry investor, said today that it has received a number of inquiries about the recent fall in the company's common share price. James B. Sherwood, president, said that he was mystified because the company had an excellent fourth quarter in 2002 and its earnings for the year will be significantly higher than the $27.9 million ($1
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes announced that the company has sold contracts in the Freight Forward Agreement ("FFA") market on the Capesize index for Calendar 2009 for a total of 360 calendar days with an average rate of approximately $19,900 per day. The Capesize index refers to a modern Capesize dry bulk carrier. The contracts are intended to serve as an approximate hedge for one of the
Sets New Records for Newbuildings & Class Transfers Classification society ClassNK has announced its official registration figures for 2012, revealing that the Tokyo-based society registered nearly a thousand vessels totaling more than 25 million gross tons in 2012. The announcement was made on 28 January 2013 following the January meeting of the ClassNK Classification Committee, which reviews and certifies all registrations and certifications made to the ClassNK register.
U.S. Customs and Border Protection will hold its annual trade symposium on December 13-15 at the Ronald Reagan Building and International Trade Center in Washington DC. Registration will open on Wednesday, November 1. The registration fee is $250. Registration must be made on-line at CBP website and must be confirmed with payment by credit card only. The theme for the trade symposium is "The World of Trade – 5 Years After 9/11
Lonza is pleased to announce it has received a registration from the U.S. EPA for the use of its copper Omadine Antimicrobial as an agent to deter the growth of algae and other foulants on ships. The registration covers the product’s use in marine hull paints that are applied by licensed applicators on U.S. vessels that are 25 or more meters in length. “This registration means our customers can now provide their latest antifouling paint technology in
American Superconductor Corporation (AMSC), has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 4,000,000 shares of its common stock. The lead underwriter for the offering will be Needham & Company, Inc. The offering will include an option for the underwriters to purchase up to an additional 600,000 shares to cover over-allotments, if any.
On January 9, 2008, First Class Navigation Corporation, a Marshall Islands corporation, filed a registration statement on Form F-1 with the United States Securities and Exchange Commission. On January 11, 2008, it was reported that First Class Navigation's filing with the SEC and inaccurately stated that Elmira Shipping & Trading was the sponsor of First Class Navigation. Although Dimitris Souravlas and Georgios Souravlas are
The call for Mandarin and English submissions to present talks for the Intermodal China 2013 - Shippers' Summit is now open until July 12, 2013. Organized by UBM China, Intermodal China - Shippers' Summit will be held at Sheraton Hongkou Hotel, Shanghai, China from September 24 to 25, 2013
Centrica Energy in Norway was awarded a 50% operating share in the Scarecrow licence, its first in the Barents Sea. The Norwegian government on June 12 awarded the licences that form part of the 22nd round on the Norwegian Continental Shelf (NCS)
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today the closing of its previously announced public offering of 800,000 shares of its 8% Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0
The 2014 Torsional Vibration Symposium, organized by the Vibration Association, is scheduled for May 21-23 in Salzburg Congress, Austria. The event aims to gather industry experts from around the world to discuss current torsional vibration developments, issues and technologies.
Aberdeen-based project management and development engineering specialist EPC Offshore has signed an agreement with Total E&P UK Ltd. (TEP UK) to provide support services at its natural gas and condensate discovery in the Atlantic. Edradour, located in Block 206/4 of the U.K
The American Society of Naval Engineers (ASNE) will host the High Performance Craft (HiPer Craft) Forum on June 19-20, 2013 at the Half Moone Cruise and Celebration Center in Norfolk, Va. Government and Industry Speakers Include: • CAPT Dan Shultz
On Monday, June 10, Herkules signed an agreement to acquire Umoe Schat-Harding AS. The acquisition is being carried out in cooperation with the owners of Noreq AS, who, in parallel, are selling Noreq to Herkules and reinvesting a substantial amount in a new, joint holding company
FRC International is running the first WBV Manager course in the U.S. on 18th June at HiPer Craft 2013 in Norfolk Va. Due to the continuing restrictions on Defense Department budgets, FRC International is offering reduced-rate registration for the WBV Manager course at HiPer Craft
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that its public offering of 800,000 shares of its 8% Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, was priced at $25 per share
DNV is taking lifeboat safety one step further. The company claims that maritime lifeboat safety will be enhanced by transferring offshore lifeboat design practices to ships. The shortcomings of existing free fall lifeboat designs were revealed in a number of incidents related to structural
Carolina Skiff, LLC announced that it has become the nation’s number-one fiberglass boat builder, based on new boat state registrations compiled by Statistical Surveys, Inc. for the year ending December 31, 2012. Holding the industry’s top spot in fiberglass boat sales in the
Safe Bulkers, Inc., an international provider of marine drybulk transpor tation services, announced that it plans to offer its Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share to the public
FRC International will host CSI 2013 - Crew Systems Integration conference from July 2-4, 2013 at RNLI Lifeboat College, Poole, U.K. The international conference includes over 20 presentations focusing on nine integrated topics for the RIB and high speed craft sector
Moore Stephens Isle of Man, providers of multi-sector accountancy, consultancy and wealth management services has been invited to speak at the Gibraltar Superyacht Forum 2013 on Thursday, June 6. Tim Shallcross, marketing supervisor, will be one of the marketing experts on the panel providing
ClassNK announced the release of the latest versions of its Rules and Guidance for the Survey and Construction of Steel Ships. These versions include all amendments dated May 17, 2013. Among the amendments made to the Rules and Guidance this time is the establishment of the “Rules for the