California Firm to Buy Gambling Vessel

Friday, January 13, 2006
Yamashiro Financial Services won federal bankruptcy court approval Wednesday to buy the gambling vessel Ocean Jewel from Titan Cruise Lines for $7.25 million. The Pasadena, Calif.-based company will refurbish the ship and re-launch it this year, although its final destination is still to be determined. First American Bank of Illinois, one of Titan's creditors, had rejected a previous $5 million offer by Yamashiro on Monday, saying it was too low. Titan filed for bankruptcy in August. Source: TB Business Journal
Maritime Reporter April 2015 Digital Edition
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Contracts

Rolls Royce Awards Fiber Rope Contract to Cortland

Cortland’s BOB rope helps reduce operating costs and improve installation time   Cortland announce the recent award of a patented BOB 12x12 Fiber Rope by Rolls

Intertek Provides Oil Condition Monitoring for Britannia

Intertek’s Farnborough laboratory is supporting P&O Cruises’ new flagship Britannia by providing independent oil condition monitoring (OCM) services which monitor

Aqueos Adds OSV to Service Line

Aqueos Corporation, a provider of subsea services to the Gulf of Mexico and Pacific Coast, has entered into a long term time charter of the OSV Clean Ocean, a California

Ship Sales

Cosco Corp Profit Down

Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.

Recent Vessel Sales: April 2015

Vessel sales for April 2015 - (as of May 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price

Suezmax Tanker Market on the Rise Yet Again

Suezmax tankers are looking good for a strong 2015 year, before posting a mild downside during 2016, but are poised to accelerate yet again in 2017 on rising deliveries, said shipbroker Charles R.

 
 
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