Upon completion of the expansion of the Panama Canal, the cost to transport grain from the U.S. corn belt to Asia will drop by an estimated 12%, thus increasing the cost competitiveness of the U.
Scorpio Bulkers Inc. say it has increased the size of its public offering from the initially announced 15,500,000 common shares to 31,300,000 common shares for gross proceeds of $305,175,000.
Flexible pipe specialist FlexTech said it has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year.
Global Ship Lease, Inc. (GSL) announced that it plans to issue an aggregate principal amount of up to $400,000,000 of first priority secured notes due 2021 in a private placement.
In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg.
Ocean carriers have a pool of surplus 8,000-10,000 teu vessels looming ahead unless some thinking ‘outside of the box’ is behind recent newbuild orders, considers
Early restoration efforts continue in the Gulf of Mexico: NRD Trustees release Phase lll draft Early Restoration Plan outlining 44 proposed projects estimated at US $627-million.
The vetting inspections of tankers by oil companies are proliferating in frequency, rising steadily in cost and, at an estimated $300m a year, are well on the way to running out of control,
Nordic American Tankers Limited inform that, in connection with its previous public offering of 8,125,000 common shares at a public offering price of $8.00 per share,
The European Union will support with €3.6 million from the TEN-T Program a series of studies preparing for the upgrade of the infrastructure in the Swedish Port of Luleå.
Ministers from 159 countries have reached agreement on a deal intended to boost global trade at a meeting in Bali, Indonesia. The World Trade Organization's (WTO)
The bulk ship owners announce its initial public offering of 15,500,000 common shares, granting the underwriters a 30-day option to purchase up to 2,325,000 additional common shares.
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc.
As Congress considers extending critical federal incentives for wind energy this month, leaders from the Virginia Offshore Wind Development Authority, the City of Norfolk,
Scorpio Bulkers Inc. has entered into agreements to purchase five Kamsarmax dry bulk vessels currently under construction in a Chinese shipyard as listed below:
China Rongsheng Heavy Industries Group, the country’s largest private shipbuilder, expects to report a substantial full-year loss just months after it appealed to the government for financial help,
Maui Acquisition Corp, the parent corporation of The Safariland Group, a global provider of a diverse range of safety and survivability products designed for the public safety,
An investment agreement has been signed between ATP, Goldman Sachs funds and PFA to invest DKK 11 billion in DONG Energy A/S.
The final closing of the transaction
The government is to make big changes to the way it subsidises renewable energy, with subsidies for windfarms set to rise at the expense of onshore options, reports BBC News.
On its capital markets day, Aker Solutions' Executive Chairman Øyvind Eriksen says: "While we will continue to build Aker Solutions, the focus on topline growth