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Boat Show at Miami Beach Registered Strong Sales

Photo credit: Palm Beach Boatshow

Yacht & Brokerage Show in Miami Beach – attendance, exhibitors, sales up Attendance at the recent Miami Beach Boat Show based on concession sales and number of people using show transportation at the free-to-the-public event, was up more than 7 percent. Most importantly, notably strong sales activity was reported by numerous builders including Fairline, Viking, Ferretti, Hatteras, Westport and Marquis and brokerages including Allied Marine, HMY and Merle Wood, among others. “The show was a tremendous success this year,” said Andrew Doole, senior vice president and COO of Show Management. “We had more exhibitor participation and the reports are of more qualified buyers than recent years, both signs of a strong industry and a strong show.” “This year’s Yacht & Brokerage Show was the busiest Miami show Denison Yacht Sales has ever had,” said owner, Bob Denison. “We introduced the Monte Carlo 76 to the U.S. market and our displays in TrawlerPort and at Beneteau Gran Turismo were slammed every day. Two Beneteau Swift Trawlers and eight Gran Turismos were sold at the show.” For sale at this year’s show were two of the largest yachts ever offered at The Yacht & Brokerage Show: a 200’ Benetti, Diamonds Are Forever, and a 191’ Trinity, Carpe Diem. Both garnered attention from qualified buyers


OceanConnect Shareholders Reflect on Two Years of Growth

OceanConnect's board of directors and shareholders reflected on two years of strong growth at the company's annual meeting, held yesterday in Oslo. "I am pleased to report to our shareholders that in fewer than two years, OceanConnect has become the only fuel service combining traditional brokerage with live, online competition. The results speak for themselves: with growth of more than 40 percent per annum, the outlook is good for continued growth


ACL Establishes National Sales Force

American Commercial Lines Inc. announced it has established a national sales force in key geographic locations. The Regional Sales Directors include Mr. Vanta Coda -- Gulf Region, Mr. Gabe Forir -- Midwest Region, Mr. Michael Wiercinski -- MidAtlantic/Northeast, Mr. Neil Grossman -- Southeast Region, Mr. John Bryan -- Pittsburgh, and Mr. Sean Smith -- Ohio River Valley. The new directors have extensive backgrounds in rail, barge, 3PL logistics, chemical transportation


Genco to Extend Charter for Handymax Vessel

Genco Shipping & Trading Limited announced it has reached an agreement in principle to extend the time charter for the Genco Marine, a 1996-built Handymax vessel currently on charter with NYK Bulkship Europe S.A. The extended time charter would be for an additional eleven to thirteen months at a rate of $24,000 per day, less a 5% third party brokerage commission. The time charter, subject to completion of definitive documentation


Genco Takes Delivery of Second Capesize Vessel

Genco Shipping & Trading Limited has taken delivery of the Genco Tiberius, a January 2007-built 175,000 dwt Capesize vessel. The Genco Tiberius is the second vessel to be delivered to the Company under Genco's previously announced agreement on July 18, 2007 to acquire nine Capesize vessels from companies within the Metrostar Management Corporation group. The Genco Tiberius is currently on charter with Cargill International


Denison Yacht Sales Adds to its Team of Brokers

Bob Denison (Photo: Denison Yacht Sales).

Fort Lauderdale, Fla., and Marina Del Ray, Calif. - Denison Yacht Sales, a full-service global yacht brokerage and yacht charter firm, recently hired eight new yacht brokers and a charter fleet manager. The new hires will expand the company's presence at its Florida and California offices.      Joining the Fort Lauderdale brokerage are Skip Denison, Juan Pasch, Peter Quintal, and Gene Echols.  Pasch will specifically be assisting in the sale of new Beneteau G.T.'s


CP Ships Extends Selling Program

CP Ships Limited today announced an extension until May 7, 2003 at 5:00 pm of its selling program for holders of fewer than 100 shares. The sale of shares will continue to be executed through the Toronto Stock Exchange. Originally scheduled to expire on February 7, 2003, the program, which is voluntary, allows shareholders owning 99 or fewer shares in CP Ships as of the November 7, 2002 record date to sell all of their shares without incurring brokerage commissions


Genco Shipping Time Charters

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to enter into a time charter for the Genco Commodus, a Capesize newbuilding, with Morgan Stanley Capital Group Inc. for 23 to 25 months at a rate of $36,000 per day, less a 5% third-party brokerage commission. The time charter for the Genco Commodus will commence upon delivery of the vessel, which is expected during July 2009, and is subject to the completion of definitive documentation.


Ryan Joins Customized Brokers as Logistics Specialist

Christopher Ryan Joins Customized Brokers as Perishables Logistics Specialist.     Customized Brokers, the Miami-based customs brokerage specializing in the clearance of fresh produce into the United States, has named Christopher Ryan as perishables logistics specialist for the Northeast. He is based in Pennsauken, N.J., and reports to Customized Brokers General Manager Nelly Yunta. In this position, Ryan is responsible for business development, customer service


Denison Yacht Sales Acquires Generation Marine

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Industry Leader Continues Strategic Path of Growth. Denison Yacht Sales is pleased to announce its acquisition of Generation Marine, a Fort Lauderdale-based yacht brokerage and service company.  Generation Marine's reputation in the trawler and explorer yacht categories helps strengthen Denison's position in this segment of the yachting market. "We feel strongly that the trawler and expedition markets will continue their steady growth," said Bob Denison


CEVA Expanding Presence in Southern California

  CEVA Logistics, one of the world’s leading supply chain management companies, today announced plans to expand its presence in the San Diego market with a new Freight Management and Logistics facility totaling 125,000 sq. ft. (11,612 sqm.) and 23 dock doors.


MN 100: Gencorp Insurance Group

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16 Main Street East Greenwich, RI 02818 Telephone: 401 336 2182 E-mail: rcarnahan@gencorp-ins.com Website: www.gencorp-ins.com CEO/President: Robert G. Padula Number of Employees: 70 The Company: Gencorp Insurance Group provides the insurance and surety needs of marine contractors


Livingston Appoint Candace Sider V-P Regulatory, Canada

Candace Sider: Photo Livingston

Customs brokerage and trade compliance advisors, Livingston, say that to better reflect the company’s integral role in regulatory affairs for its clients, Livingston has appointed Candace Sider to the newly created position of Vice President, Regulatory Affairs Canada.


Havyard OSV Delivered, Christened in Iceland

Captain & ships godmother: Photo Havyard

‘Polarsyssel’, a Havyard 832 L WE designed offshore supply vessel has been delivered from Havyard Ship Technology’s yard in Leirvik in Sogn to the Icelandic shipping company Fafnir Offshore. A long-term contract has been secured for the vessel


Brennan Expands Inventory Capabilities in Canada

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New facility and positive customer response spur inventory growth in hydraulic and instrumentation product lines. Brennan Industries, Inc., an international supplier of hydraulic fittings and adapters, announced it is more than doubling its inventory in Canada at its distribution facility


Matson Increase Quarterly Dividend 6.25 %

Matson ships meet: Photo Matson

The Board of Directors of Matson, Inc. a leading U.S. carrier in the Pacific, informs it has declared a third quarter dividend of $0.17 per common share.  The dividend represents a one-cent increase, or 6.25 percent, over the previous quarter's dividend and will be paid on September 4


Shipping loan losses hit Norwegian bank DNB's earnings

Q2 net profit NOK 4.65 bln vs f'cast NOK 4.77 bln; loan losses NOK 554 mln vs fcast NOK 398 mln. Bank on schedule to fulfill capital requirements, but shares down 4.6 percent, Swedish bank shares lower. Higher-than-expected loan losses in the shipping sector ate into DNB's second-quarter


Matson to Release Q2 2014 Financial Results

Matson containerships: Image courtesy of Matson

Leading U.S. carrier in the Pacific, Matson, Inc., informs it will release its financial results for the Second Quarter 2014 on Thursday, July 31, 2014. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for


Fraser Yachts' 5th Sale in 10 days

Columbus Classic 65M

Fraser Yachts announced this morning its fifth yacht sale in just ten days. Whilst the summer period is traditionally a quieter time for yacht sales 2014 seems determined to continue the positive path it set out on at the beginning of the year.


FPA Customs Brokers Acquired by Livingstone International

Toronto-headquartered Livingston International says it has acquired New York-based FPA Customs Brokers, Inc. “We look forward to welcoming the FPA team and their clients into the Livingston family,” said Livingston CEO Steven C. Preston.


MN 100: Bordelon Marine

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120 East Waguespack Street Lockport, LA 70374 E-mail: marketing@bordelonmarine.com Website: www.bordelonmarine.com President & Owner: Wes Bordelon Number of Employees: 320 The Company: Bordelon Marine is a provider of marine transportation and support services to the oil and natural


Oil Spills into Ohio River from Coal Plant

The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati, Ohio. The spill occurred late on Monday during a "routine transfer of fuel oil" at


CEVA Expands Presence in Los Angeles Market

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  CEVA Logistics, one of the world’s leading supply chain management companies, today announced the expansion of its Los Angeles (LAX)/Torrance freight management operation.  One of the largest operations in CEVA’s global network


HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Results Highlights Strong profit growth: profit attributable to the equity holders surged


Webb Institute Selects Crowley Scholarship Recipients

Erin McElroy and Brian Mills (Photo: Webb Institute)

Webb Institute, a four-year college specializing in naval architecture and marine engineering, announced the 2014-2015 recipients of Crowley Maritime Corp.’s Thomas B. Crowley, Sr. Memorial Scholarship today. The school’s scholarship selection committee chose Erin McElroy, of Groton






 
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