Sea Star’s Purchase Appoved

Tuesday, April 30, 2002

Sea Star Line, LLC (Sea Star) announced that its bid to purchase certain assets of Navieras/NPR, Inc. and of certain related entities was approved by the U.S. Bankruptcy Court for the District of Delaware. The Court also approved the closing date of April 26, 2002. “With this important step we are now moving from the planning phase into the implementation phase,” announced Mike Shea, president, Sea Star.

Coast Guard Cadets Navigate 'Eagle' by Sextant

Escort Tugs in San Francisco Bay

Subsea 7 Wins GofM Pemex Contract

Tidewater to Acquire Troms Offshore Supply

Irving Engages Suppliers on AOPS Opportunities

Offshore

Leevac Wins HOS Shipbuilding Contract

Leevac Shipyards Jennings LLC, of Jennings, LA, a subsidiary of Leevac Shipyards, LLC signed contracts with Hornbeck Offshore Services, LLC, an affiliate of Hornbeck Offshore Services, Inc.

Harkand Set to Acquire Veolia Marine Services

Harkand, the international subsea inspection, repair, maintenance and light construction group, announced an agreement to acquire the main assets and business of Veolia Marine Services (VMS).

China Shipyards' MacGregor Order Bonanza

MacGregor offshore winches for 22 new anchor handling tug supply vessels (AHTSVs) under construction at three shipyards. MacGregor, part of Cargotec, has secured

Finance

China Development Bank Grants Paragon Credit Facility

Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.

Hapag-Lloyd Cuts Losses in Q1 2013

The company reports its earlier loss significantly reduced in first quarter 2013 financial results. Financial highlights: Freight rate up 4.2% year on year

China's Shipbuilding Hub Faces Precipice

Jiangsu Province’s Economic and Information Technology Commission reviews Q1 2013 province-wide shipyard finances. The review of the shipbuilding industry’s