Latest Ship Stories

NEW YORK, Nov. 1, 2011 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and nine months ended September 30, 2011. The following financial review discusses the results for the three and nine months ended September 30, 2011 and September 30, 2010. Third Quarter 2011 and Year-to-Date Highlights Declared a $0.12 per share dividend payable on or about November 18, 2011 to all shareholders of record as of...

NEW YORK, Nov. 1, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and nine months ended September 30, 2011. The following financial review discusses the results for the three and nine months ended September 30, 2011 and September 30, 2010. Third Quarter 2011 and Year-to-Date Highlights Recorded net income attributable to Genco for the third quarter of $1.6 million, or $0.04 basic and diluted...

PIRAEUS, Greece, Oct. 12, 2011 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that it has recently received a second favorable arbitration award against TMT Bulk Corp. ("TMT") for $1,969,821.75 inclusive of interest and costs. This is the second favorable arbitration award to NewLead. The total amount received to date, under both arbitration awards is...

HELSINKI, October 7, 2011 /PRNewswire/ -- Wartsila, the marine industry's leading gas solutions provider, will deliver an integrated propulsion system based on the use of LNG for two offshore support vessels for operation in the Gulf of Mexico. This is the first time U.S. flagged offshore supply vessels will run on clean and efficient LNG, which offers operational savings and environmental benefits. (Photo: http://www.newscom.com/cgi-bin/prnh/20111007/484983-a )...

NIEUWEGEIN, The Netherlands, September 2, 2011 /PRNewswire/ -- A consortium consisting of Ballast Nedam and BAM has been selected by the principals ProRail, the Municipality of Arnhem and Dutch Railways (NS) to take part in final contract negotiations for the Public Transport Terminal tender in Arnhem. The project comprises the construction of the transfer hall in line with the following criteria expressed by the commissioning parties: working on the basis of the design...

HOUSTON, Aug. 30, 2011 /PRNewswire/ -- GulfMark Offshore, Inc. (NYSE: GLF) today announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879CD design with a deck area of over 800 square meters. These large and technologically advanced vessels have been designed to meet the demanding...

PARIS, August 10, 2011 /PRNewswire/ -- An Increase of Utilization Rate up to 84.7% in a Recovering Offshore Market +18.8% Growth in Half-Year Revenues to 482.7 Million Euros at Current Exchange Rates "The steady increase in the fleet's utilization rates, particularly in shallow water offshore, illustrates the recovery of the offshore market and our clients' recognition of the performance of...

DALIAN, China, Aug. 5, 2011 /PRNewswire-Asia/ -- Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF) ("Andatee"), today announced that it will release financial results for the second quarter and six months ended June 30, 2011, after the close of the stock market on Thursday, August 11, 2011. The Company will then discuss those results in a conference call the following morning (August 12, 2011) at 9:00 a.m. ET. Participant Dial-In Numbers: In the United States:...

PITTSBURGH, Aug. 3, 2011 /PRNewswire/ -- Power conversion specialist Converteam has been selected as the supplier of Integrated Power Systems (IPS) to the U.S. Navy with the award of an additional multi-million dollar contract to design and supply the complete electric power, propulsion and vessel automation system for the Mobile Landing Platform (MLP) program. The MLP program adds to Converteam's market leadership experience with the U.S. Navy's IPS fleet, which includes DDG 1000, T-AKE,...

PIRAEUS, Greece, Aug. 2, 2011 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or "the Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that on July 28, 2011, the "Navios Serenity," a new Handysize dry bulk vessel of 35,000 dwt, was delivered from a Korean shipyard to NewLead's fleet. Mr. Michael Zolotas, president, chief executive officer and interim chief financial officer of NewLead, stated, "We are pleased to...