Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the closing of a public offering of 6,325,000 shares of the Company’s common stock, including 500,000 shares offered by one of
Today SMIT and Damen Shipyards Gorinchem signed a contract for 11 newly built vessels. Division Harbour Towage and Terminals Two tugs (type ASD 2810) are replacements for the harbour towage fleet in Rotterdam. These tugs will be equipped with a substantially higher bollard pull (60 tons bp) and are
Smit and Damen have signed contracts for a total of 11 vessels of 3 different designs during the Europort Maritime Exhibition. The vessels are of the following types: 3 Damen Multipurpose Pusher Tugs, with a bollard pull of approx. 25 tons; 6 Damen ASD Tugs 2810, with a bollard pull of approx. 60 to
Golden Ocean Group Limited has agreed to sell the six panamax newbuildings contracted in March 2007 at Pipavav in India. The vessels are sold for net sale proceeds of $352.8 million, and delivery to the buyers is expected to take place between March 2009 and July 2010.
The New World Alliance (TNWA) carriers – APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) – today announced their intention to significantly upgrade ship capacity and enhance the port coverage of a major Asia-Europe service offering.
Production on both Visund and Oseberg South have been resumed after the temporary halt caused by the severe weather on Friday 9 November.
Aker Kvaerner has been awarded two drilling equipment contracts by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea; one for a single drillship, the other one for a semi rig. The total contract value for Aker Kvaerner is approximately USD 213 million.
The Karachi Port Trust (KPT) and Hutchison Port Holdings (HPH) of Hong Kong will sign a concession agreement tomorrow for setting up a US$1 billion deep-water container port, the first in Pakistan.
In October 2007, PT Steadfast and Damen Shipyards Gorinchem signed a contract for the delivery of Complete Material Packages for two Damen Fast Crew Suppliers 1605. The vessels are the first aluminium vessels to be built by the Shipyard in . These vessels are of proven design and there is a lot of c
On the 7th of September 2007, THT-Powertium Marine and Damen Shipyards Gorinchem signed a second contract for the construction and delivery of two Damen Fast Crew Suppliers, FCS 3307. These two vessels are in addition to the two already ordered in May 2007, of which the first one is scheduled to be
COSCO Pacific Limited (SEHK: 1199), a world leading company dealing in container leasing, announced on November 7, 2007 that it had finished purchasing a 20% stake in Suez Canal Container Terminal S.A.E. from Egyptian International Container Terminal, a subsidiary of Denmark’s A.P. Moller-Maersk Gro
A container ship bound for South Korea struck a tower base of the west span of the Bay Bridge today, tearing a gash in the hull and spilling fuel in the bay but sparing the bridge any damage, officials said. Coast Guard Lt. Anya Hunter said the ship hit the protective shield that covers the [&hellip
A ship sparked a search and rescue operation after it sent out a distress signal on its way to the scrap yard. Signals from the ship’s emergency beacon were picked up by the Civil Aviation Authority (CAA) based at Ronaldsway Airport on the Isle of Man.
Ocean Tankers Holdings, the only public company quoted in the ‘Shipping’ sector of the Cyprus Stock Exchange, expects the current oil crisis to benefit the company and propel profits from a projected USD 3,5 mln in 2007 to USD 20 mln next year. With sea-going vessels accounting for 92% of all commer
