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Reducing Costs of Shipbuilding: NSRP Issue Research Notice

The National Shipbuilding Research Program (NSRP) plans to issue a research announcement in August, 2013 & in the meantime issues this pre-solicitation notice in

Boatbuilding Booms as More Americans Take to the Water:

New data from The National Marine Manufacturers Association (NMMA) show 88 million Americans expected to take to U.S. waterways this summer. NMMA add that recreational boating in the U.

White & Case Publish New Marine Industry Report

Global law firm White & Case LLP announced the availability of a new report, "Restructuring & Beyond: The marine industry's routes to safety." The report focuses

Antech Receives Investment Backing

AnTech Ltd, an engineering company that provides directional coiled tubing drilling (DCTD) services, announced that it has secured a substantial investment from

FSL Trust Demands Redelivery of Crude Oil Tankers

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), wishes to announce that the lessees of its two crude oil tankers,

Wärtsilä Gets Fourth R&D European Investment Bank Loan

The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company's research, development and innovation (RDI) activities in several European countries.

Big Time Container Ship Re-deployment Plan Goes Awry

Ocean carriers’ plans to get rid of surplus 8,000 teu vessels by dumping them into the Asia – East Coast of S. America tradelane appears to have seriously backfired.

Norway Gift Ocean Survey Ship 'Noruega' to Portugal

Portugal’s new oceanographic survey vessel is to be donated by Norway and equipped by funding under the EEA Grants programme. The announcement was made recently by Portugal's Assunção Cristas,

Capesize Bunker Consumption: Baltic Exchange Issues Brokers Guidance

The Baltic Exchange advises panellists that with the prevalence of 'slow steaming' they should assume that if steaming at 12kts laden/13kts ballast, Capesize

China Merchants Holdings Complete Terminal Link Deal

China Merchants Holdings (International) announce completed acquisition of a 49% stake in container port operators Terminal Link from CMA CGM. Farid Salem, CMA CGM's Executive Officer,

China Throwing Money at the Waterways

China's Ministry of Transportation reports that the country spent US$2.3 billion on the waterways during the period January to April 2013. This investment by the government shows an increase of 21.

Maersk Hikes Rates on Two Trade Routes

Maersk Line has announced it will implement container General Rate Increases on its Transatlantic & Asia/US routes as follows: With effect from July 1, 2013, the

Seanergy Reports First Profitable Quarter Since 2011

Seanergy Maritime Holdings Corp. announced its financial results for the first quarter ended March 31, 2013. Financial Highlights: First Quarter 2013 -Net Revenues of $5.

Nautilus Announces Closing of Rights Offering

Nautilus Minerals Inc. announced that it has received gross proceeds of C$40 million before expenses as a result of the successful closing of its rights offering through the issuance of 200,

Excel Maritime Files Chapter 11, Plans Financial Re-structuring

Excel Maritime Carriers, owners & operators of a large fleet of dry bulk carriers, become the latest casualty of the downturn in the shipping industry, but sets financial plans for recovery.

New Ohio River Fireboat: Huntington Seeks Federal Grant

Council has approved a resolution that may lead to the Huntington Fire Department obtaining a marine firefighting & hazardous material vessel through a Port Security grant.

Recreational Boating: a $121-billion Economic Driver for U.S.

The National Marine Manufacturers Association (NMMA), announced that recreational boating in the U.S. has an annual economic value of $121 billion. The industry’s rising tide supports 964,

Excel Agreements Strengthen Financial Foundation

Excel Maritime Carriers Ltd., an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes,

CMHI and CMA CGM Complete Terminal Link Transaction

China Merchants Holdings (International) Company Limited (CMHI) and CMA CGM are pleased to announce the completion on June 11, 2013 of the sale and purchase of the 49% equity stake in Terminal Link,

FSL Trust Secures Relaxation of Loan Covenants

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust wishes to announce that it has secured a temporary relaxation of two of its loan covenants from its lenders.

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