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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


Registration for SHIPPINGInsight 2015 Now Open

Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition.   Now entering its fourth year, SHIPPINGInsight is an annual maritime technology forum in North America that brings together shipping companies, classification societies


Building the World’s Largest 4G Offshore Network

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Statoil selected Maritime Communications Partner (MCP) to deploy and operate its high speed 4G-network on the Norwegian Continental Shelf (NCS). It’s a six-year contract with a four-year option, which calls for MCP to build what is essentially the world’s largest 4G network at sea


BW Group Buys Dorian Stake

Photo: Scorpio Tankers Inc.

 Scorpio Tankers Inc has agreed to sell its 6 million common shares of Dorian LPG Ltd to BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, for a purchase price of $15.34 per share.    The shares will be sold pursuant to an effective resale registration


WKCTC to Host Open House for ILM Institute

ILMI Bldg

  West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.m. at 631 Marine Way in downtown Paducah. The event will highlight the completion of the 8


Bennett Named BOEM’s Chief for OREP

Jim Bennett (Photo: BOEM)

New leadership for BOEM’s Office of Renewable Energy Programs   The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP)


WOC Partners With The Economist for 2014 Summits

File photo by WOC

  The World Ocean Council is partnering again with The Economist to help engage the ocean business community in upcoming events: For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation


Dredging Project to Protect Virginia Shoreline

Dam Neck Annex at Naval Air Station Oceana, Virginia Beach, Va. Navy photo

Outer Continental Shelf sand will protect infrastructure, restore dunes and habitat   The U.S. Bureau of Ocean Energy Management (BOEM) and Naval Air Station Oceana at Dam Neck, Virginia, expect to begin a shore protection project at the Dam Neck annex within the next month.  


Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

  Photo courtesy of Wintershall

  Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer


Conference to Highlight Advancements in Shipyard Welding

When it comes to shipbuilding, welding is the most vital and fundamental manufacturing process in the construction of ships and metal hull boats. At the 2015 American Welding Society’s (AWS) 9th semiannual shipbuilding conference to take place April 7-8, in Virginia Beach, Va


Record Rig Berthing at Drydocks World

Photo: Drydocks World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year.  


Chinese Dredger Sinks in Taiwan Strait, 13 Missing

Coast Guard Ship, Taiwan (Photo: Coast Guard Administration)

 The maritime bureau of Fujian province confirmed that 13 people went missing after a cargo boat capsized off Taiwan.    According to maritime officials, the cargo vessel "Zhen he 168" capsized off Taiwan's Xiquan Island


Malta: Sixth largest Maritime Flag Worldwide

Image: The Merchant Shipping Directorate, Malta

 The Malta Ships Register has become the sixth largest maritime flag in the world, according to statistics for 2014, says a report in Fenech & Fenech Advocates.   Malta has moved up from seventh place in 2013 and has retained its position as the largest in Europe


Nor-Shipping Fun Run

Photo: The Mission to Seafarers

A 5-kilometer fun run will be held at Norway’s Nor-Shipping conference on June 1 to benefit The Mission to Seafarers.   Starting in Oslo city centre, the scenic course will takes runners along the Oslofjord, finishing at the Norwegian Maritime Museum


Shale Revolution in US Cannot Alter Arctic Oil

Sergey Donskoy

Even the so-called shale revolution in the United States did not stop striving for sustainable business with the direct support of the state to extract "Arctic" oil Don wrote on his page to Facebook. In the Arctic sector of the US (Alaska) are two sedimentary basins - the North Slope


Bollinger Achieves Continued ISO 9001 Certification

Ben Bordelon, Bollinger President and CEO

Bollinger Shipyards, LLC announced that it has achieved continued registration to ISO 9001 for another three years without interruption since 1996.   The scope of Bollinger Shipyards certification, issued through Denver-based ISO 9001 management certification firm, Platinum Registration, Inc






 
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