Latest Ship Stories

NIEUWEGEIN, Netherlands, August 22, 2012 /PRNewswire/ -- Ballast Nedam will adjust the capacity of Ballast Nedam Construction & Development in the Northwest region due to deteriorating market conditions. The capacity adjustment means that 45 of the 146 jobs will be cut. The Works Council of Ballast Nedam Bouw & Ontwikkeling has already provided its recommendation. The current social plan will be implemented and a mobility centre will be opened to assist as many people...

Scientists today described development of a new fuel mixture to ease the major air pollution and cost problems facing cruise ships, oil tankers and container ships. These vessels tend to burn the cheapest and most highly polluting form of diesel fuel. Their report was part of the 244th National Meeting & Exposition of the American Chemical Society, the world's largest scientific society, being held here this week. George N. Harakas, Ph.D., explained that large ships have slow-speed...

Long-time volunteer Gina Adjei honored for her life of service with Mercy Ships. Garden Valley, TX (PRWEB) August 14, 2012 On August 19, World Humanitarian Day raises awareness about humanitarian assistance worldwide – and especially about those people who put their lives at risk while serving others. In recognition of this special observance, the global charity Mercy Ships pays tribute to volunteer crew member Georgina (Gina) Achiaa Adjei (August 12, 1965- July 5, 2012), who served...

NEW YORK, Aug. 1, 2012 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and six months ended June 30, 2012. The following financial review discusses the results for the three and six months ended June 30, 2012 and June 30, 2011. Second Quarter 2012 and Year-to-Date Highlights Declared a $0.05 per share dividend payable on or about August 22, 2012 to all shareholders of record as of August...

NEW YORK, Aug. 1, 2012 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and six months ended June 30, 2012. The following financial review discusses the results for the three and six months ended June 30, 2012 and June 30, 2011. Second Quarter 2012 and Year-to-Date Highlights Recorded net loss attributable to Genco for the second quarter of $27.7 million, or $0.65 basic and diluted loss...

PIRAEUS, Greece, July 30, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") today announced that the Company reached a preliminary agreement with Lemissoler Maritime Company W.L.L. ("Lemissoler") regarding the termination of the sale and leaseback of the four dry bulk vessels previously redelivered to Lemissoler. Under this agreement, Lemissoler will unconditionally release NewLead from all obligations in exchange for 174.0 million shares of...

Consumers searching for a high quality engine propeller may find it difficult to locate a company which has done extensive research, and is able to provide modifications, new construction or repowers and get it right first time. PT Propeller is one such brand to offer prior, during, and after sales assistance, and their timely delivery make them an attractive, reliable service. Anacortes, WA (PRWEB) July 15, 2012 For customers who require a stainless steel or aluminum propeller, PT...

(TSX : ALC) TORONTO, July 11, 2012 /CNW/ - Algoma Central Corporation ("Algoma"), the largest Canadian shipowner and operator of domestic Great Lakes vessels, announced today that it placed fifth in Marine Money Magazine's 2011 Rankings of Publicly Traded Shipping Companies. Marine Money Magazine has produced its annual ranking of public marine shipping companies since 1991. The 2011 list includes 84 companies engaged in all aspects of marine shipping. The annual Marine...

Mexican sailor Galia Moss building customized boat "El Mas Mejor II" in La Rochelle, France MEXICO CITY, June 26, 2011 /PRNewswire-USNewswire/ -- The following is being released today by Marca Pais - Imagen de Mexico: Mexican-born Galia Moss, the first female Mexican and Latin American sailor to travel across the Atlantic Ocean alone is ready for her next sailing solo adventure. As initially reported in an exclusive MexicoToday.org article, this time Moss will be travelling with...

NEW YORK, May 16, 2012 /PRNewswire/ -- Madlyn Primoff, a partner in Kaye Scholer's Bankruptcy & Restructuring Practice today released her outlook on bankruptcy risks facing various industries in the U.S. for the second half of 2012. Madlyn Primoff's predictions are based on economic and financial trends that could benefit some companies in distress, but hurt others that are in already-exposed industries. "Corporate bankruptcy filings have steadily declined over the last...