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Shelf Registration

OSG Announces Sale of DHT Shares

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.


OSG, DHT Announce Exercise of Overallotment Option

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


Safe Bulkers Announces Public Offering

safebulkers.gif

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.


Knightsbridge Tankers Offer Shares, Intend to Order New Ships

Knightsbridge Tankers Limited has announced a public offering of common shares. The Company also intends to grant the book-running manager a 30-day option to purchase additional common shares representing 15% of the offered shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. The Company intends to use the net proceeds of this offering to partially fund the acquisition of newbuilding vessels and for general corporate purposes.


NAT Closes Public Offering

Photo: NAT

Nordic American Tankers Limited announced today that, in connection with its previously announced public offering of 12,000,000 common shares at a public offering price of $8.62 per share, the underwriters exercised in full the option granted to them by the company and purchased an additional 1,800,000 common shares on the same terms on which the 12,000,000 common shares were sold to the underwriters. The company also announced that the closing of the follow-on offering and the closing of the


SafeBulkers Price Public Offering

Bulk carrier: Photo SafeBulkers

Greece's Safe Bulkers, Inc. has set the price of its public offering offering of shares. The Company says it plans to use the net proceeds of the public offering to fund its newbuilding program and for other general corporate purposes, which may include repayment of indebtedness. The public offering of 2,800,000 shares of its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25


Sea Containers Report 4Q Results

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 FFA Transactions, Private Placement

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


ClassNK Registers 25 Million Gross Tons in 2012

ClassNK Chairman and President Noboru Ueda

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.


Box Ships announces Prices Public Offering

 Box Ships Inc.,ATHENS,  today announced that it has priced its public offering of 5,000,000 units consisting of its common shares and warrants at $2.05 per unit.  Each unit consists of one common share and a warrant to purchase 0.40 common shares. The warrants have an exercise price of $2.65 per share, are exercisable immediately, and will expire on April 10, 2019.  In addition, the Company has the right, commencing one year after issuance of the warrants


Rosneft Starts Geological Exploration In Barents, Pechora Sea

Courtesy Rosneft

  Rosneft has started field works at five license blocks of the Barents and Pechora Seas: West Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky


3 Cargo Tenders for Australia's NWS LNG Project

Australia's North West Shelf liquefied natural gas (LNG) export plant is expected to soon launch a tender to sell three cargoes loading in September, shipping and trading sources with knowledge of the matter said. The project's stakeholders expect a September-loading tender to be issued


Rosneft to Monitor Marine Fauna in Northern Sea Route

The Northern Sea Route

  OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas


HydroComp to Hold Propeller 'Mini-Workshop'

Photo courtesy of HydroComp

A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014.   The Mini-Workshop is a special version of HydroComp’s intensive Propeller Workshops for those involved in design


Atlas Resource Partners, L.P. Announces Pricing Of Public Offering Of Common Units

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  Atlas Resource Partners, L.P. (NYSE: ARP) announced today that it has priced a public offering of 13,500,000 common units representing limited partner interests at an offering price of $19.90 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 2,025


GasLog Partners Announce Closing of its IPO

GasLog

  GasLog Partners LP, an international owner, operator and manager of LNG carriers, today announced the closing of its initial public offering of 9,660,000 common units representing limited partner interests (the “common units”), including 1,260


IMRF Gains Formal Legal Status in China

IMRF Chairman and APRC Vice- Chairman, Michael Vlasto, with APRC Chairman, Captain Song

The International Maritime Rescue Federation (IMRF) has successfully registered its Asia Pacific regional centre (APRC) in China, giving it formal legal status and providing a timely boost to maritime Search and Rescue (SAR) development in the region.  


ClassNK Amends Steel Ships Survey, Construction Rules

Classification society ClassNK announced today that it has released an updated edition of the Rules and Guidance for the Survey and Construction of Steel Ships. ClassNK continuously reviews, updates, and amends its technical rules and guidance as part of its ongoing efforts to improve the


Shelf Drilling Sings 5-Yr Contract For 2 Newbuild Jackups

Shelf Drillings contracted Rig

Shelf Drilling, Ltd. today announces that one of its subsidiaries has been awarded contracts for two newbuild jackup rigs by Chevron Thailand, a subsidiary of Chevron Corporation (NYSE : CVX). The two drilling contracts are for a five-year term each and the newbuild rigs are scheduled to commence


Rolls-Royce's MTU Invites Participants For FUNSports³ Events

On September 27, 2014, the focus will be on running, climbing and playing at the FUNSports³ event   at the Forstwiesen in Immenstaad. For the second time, Rolls-Royce Power Systems subsidiary MTU   Friedrichshafen, BKK MTU and the Mercedes-Benz plant in Ravensburg are inviting keen runners from   the Lake Constance –Upper Swabia region as well as company employees and their families to this   event.   Whether they choose running, walking or relay, all participants have to complete a 12 km course

  On September 27, 2014, the focus will be on running, climbing and playing at the FUNSports³ event at the Forstwiesen in Immenstaad. For the second time, Rolls-Royce Power Systems subsidiary MTU Friedrichshafen, BKK MTU and the Mercedes-Benz plant in Ravensburg are inviting keen


ShipConstructor Americas User Conference

Marine engineers, naval architects, draftsmen and design and engineering managers will join SSI and other industry leaders in the shipbuilding and offshore industries for a conference October 7-9, 2014 in Mobile, Alabama. The conference will address the ways ShipConstructor


Rosneft & Zarubezhneft Seek New Opportunities on Vietnamese Shelf

  On June 16th, 2014 within the frame of the World Petroleum Congress Rosneft President, Chairman of the Management Board Igor Sechin, PetroVietnam Oil Corporation President and General Director Dr. Do Van Hau and General Director of JSC Zarubezhneft Sergey Kudryashov signed a Memorandum of


US Closer to Wave Energy off Oregon

Map of potential ocean wave energy resources (Image: National Renewable Energy Laboratory)

Milestone cleared for first marine hydrokinetic research lease offshore the west coast; step in efforts to explore new frontier of wave energy offshore Oregon As part of President Obama’s Climate Action Plan to create American jobs, cut carbon pollution and develop domestic energy sources


Freight Rate Trends: Upcoming Free Supply Chain Webinar

Image courtesy of Drewry

Drewry Maritime Research says it is hosting a free webinar for supply chain professionals to explain recent trends in ocean & air freight rates and provide an outlook for the future. The webinar presentation will examine and explain:


Trimble Opens Registration for Dimensions Conference

Trimble announced today that registration has officially opened for its International User Conference—Trimble Dimensions—being held November 3-5, 2014 at the Mirage and the Treasure Island Hotels in Las Vegas. The three-day conference addresses innovations in agriculture






 
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