News


Star Bulk Acquires Two Capesize Vessels

Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into definitive agreements to acquire two Capesize bulk carriersfor an aggregate purchase price of approximately $51.

Kleven Maritime Contract with Olympic Shipping

Fosnavåg-shipping company Olympic Shipping contracting newbuildings at Kleven Maritime to 380 million. With this contract Kleven Maritime has a backlog of 10 ships to a total value of 3.7 billion Contract

Wilhelmsen Ships Service Customer Magazine

The first issue of the Customer Magazine for 2011 has been sent to our international network. All our offices around the world will be distributing them to customers within the next few days. The

NOL Group Reports $10M Q1 Net Loss

NOL Group, the Singapore-based container shipping and logistics company, today reported a first quarter 2011 net loss of US$10 million compared to a net loss of US$98 million in the same period last year.

APM Terminals 30-Yr Callao Terminal Concession

Terminal Muelle Norte at Peru’s largest port is the latest of three expansions into new areas won by APM Terminals this year. Lima, Peru- The new 30-year concession contract for the development and

Viseth Deputy Managing Director, Ulstein Verft

Sigurd Viseth is employed as a deputy managing director of Ulstein Verft. He begins the position in mid-May. Viseth comes from Wärtsilä Norway AS and the position of vice president for sales in the country.

Dryships Inc. Reports Financial And Operating Results

DryShips Inc. (NASDAQ: DRYS), or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services,

STX Europe 1Q 2011 - Improvements Continuing

Highlights:   -  EBITDA of NOK 424 million in Q1 2011 compared with NOK 88 million in Q1  2010. -  Profit before tax of NOK 334 million for Q1 2011 (Q1 2010: NOK -151 million). -  Orderbook situation:     •  Order intake of NOK 1 708 million in Q1 2010 (Q1 2010: NOK 2 808 million).

Dr. Fleming President of BMT Fleet

BMT Fleet Technology Ltd, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, is pleased to announce the appointment of Dr Gordon Fleming as President.

Wilhelmsen Holding Q1 2011 Results

Wilh. Wilhelmsen Holding ASA (WWH) delivered a substantial increase in operating profit year over year backed by a rebound in its shipping activities.   WWH posted an operating profit of USD 57.7 million for the first quarter of 2011, up 31% from USD 44.

Prem Kumar Added to EPA Fugitive List

Defendant failed to surrender after indictment in illegal vessel pollution case WASHINGTON – Prem Kumar, also known as Premakumaran Krishnan, a citizen of India, has been added to the U.S. Environmental

Shipping Disruptions: Japan Battles Back

Japan is waging a public relations war as it struggles to control the nuclear contamination threat at home while playing down the concerns of consumers abroad. Fears of tainted goods from the battered nation are affecting trade flows,