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IMUA Elects New Slate of Officer & Board Members

Underwriters, brokers, claims personnel and key industry suppliers converged on San Diego’s Rancho Bernardo earlier this month for the 82st Annual Meeting

Eagle Bulk Shipping: Reverse Stock Split

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) (the "Company") announced May 22, 2012 that the previously announced 1-for-4 reverse stock split of the Company's

Five Confirmed Offers for Sietas Group Companies

Five concrete offers have been received for the companies of the Hamburg-based Sietas Group. This is the result of the second phase of the extensive search for

Cargo X-ray Machine Tax in Panama Ports Controversial

The Panama National Customs Authority proposal to tax port users for cargo X-ray machines costs is causing controversy in Panamenian ports The National Customs

New One-year Time Charters for Two Excel Maritime Bulkers

New one-year time charters for two dry bulk carriers of Excel Maritime Carriers Ltd. Excel Maritime Carriers Ltd., an owner and operator of dry bulk carriers

Norwegian Shipowners Sign-up for 'E-invoicing' Service

Four  major Norwegian shipowners have signed up for  E-invoicing services through the ShipServ TradeNet platform in the last month Bergen-based Utkilen ,

£12m North Sea Contracts for Atlantic Offshore Rescue

Aberdeen-based standby vessel operator Atlantic Offshore Rescue (previously Sartor Offshore Rescue) has secured contracts in the last few weeks with major oil companies

BMT: Annual Report Shows Solid Performance

BMT Group Ltd, international design, engineering, risk management consultancy, report resilient performance in difficult market conditions in most sectors   The group's financial director,

Fairstar Heavy Transport Takes Fleet Finance Loan

Fairstar Heavy Transport signs USD 247 million fleet finance facility with a Dutch banking syndicate led by ING Bank, mainly for Chinese liftboat newbuilds Fairstar Heavy Transport N.

Record Oil Prices to Come – Iran Minister

Iran's finance minister believes sanctions against his country could cause the oil price to reach US$ 160 per barrel "We must pay close attention when we

Renewable Energy Insurance Suite Launched

UK-based insurance broker, IRCM, launch programmes to the Solar, Wind and Wave Sectors supported by a panel of global insurers and Lloyds underwriters IRCM, have

Optimarin Secures NOK 100 Million BWT Contract

Ballast Water Treatment: Optimarin lands NOK 100 Million fleet retrofit contract with Saga Shipholding.   Optimarin has signed a major fleet-wide ballast

Diana Shipping Receives Newcastlemax Bulk Carrier

On May 16 Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v "Philadelphia", a Newcastlemax dry bulk carrier of 206,040 dwt that was contracted in April 2010.

General Maritime Successfully Emerges from Bankruptcy

General Maritime successfully completes financial restructuring and emerges from Chapter 11 General Maritime Corporation has announced that it has successfully

Shipping's Cash Flow – Staying Above Water

Many corporate strategy articles start by reminding readers that “the Chinese character for risk and opportunity are the same.” Unfortunately, capital

Iran, Sanctions & You

The primary focus of last year’s annual update, which appeared in the April 2011 issue, was U.S. efforts to tighten economic sanctions against Iran.  Over the past year, U.

Final Details for Upcoming Central GOM O&G Lease Sale

New Orleans -- Today the Obama Administration provided final details for the Central Gulf of Mexico lease sale announced by President Obama in January 2012, as

New CFO for GCT Terminals

GCT Global Container Terminals Inc. announces new Chief Financial Officer. Michael E. Moore, President and CEO of GCT Global Container Terminals Inc. is pleased

Chinese Diplomat Discusses Lending to Shipping Industry

China' s U.K. Ambassador discusses lending to shipping industry at London meeting The following comments were made by Liu Xiaoming at a conference in London today, according to Bloomberg.

DP World Objects to S&P Rating

Rating agency Standard & Poors withdraws credit rating at DP World's request Standard & Poor's has withdrawn its credit rating on DP World following objections

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