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Latest Ship Stories

2012-03-07 08:00:00

CHARLOTTE, N.C., March 7, 2012 /PRNewswire/ -- Horizon Lines, Inc., (OTCQB: HRZL) today issued a report presenting the company's progress in pursuing environmental excellence through its ongoing "Green Initiatives." The report describes the carrier's efforts to mitigate environmental impact from shipping operations and intermodal transport. "Ensuring sustained environmental protection has always been a mission at Horizon Lines," said Stephen H. Fraser, President and Chief Executive Officer....

2012-03-07 00:00:00

PARIS, March 7, 2012 /PRNewswire/ -- - Annual Results 2011 - EBITDA 2011 totals EUR300.2m: +24.6% - Net income Group share in 2nd half of 2011: EUR28.2m - Net income Group share in 2011: EUR6.8m "The market upturn in 2011 has resulted in early signs of an improvement in BOURBON's performance and results," Christian Lefevre, Chief Executive Officer of BOURBON...

2012-03-06 07:00:00

WASHINGTON, March 6, 2012 /PRNewswire-USNewswire/ -- Today, the Global Environmental Management Initiative (GEMI) released two new solution tools, GEMI Local Water Tool(TM) (LWT) and the GEMI LWT(TM) for Oil and Gas. "GEMI is very pleased to announce the release of its new tools, GEMI Local Water Tool(TM) (LWT) and the GEMI LWT(TM) for Oil and Gas," said GEMI's Chair, Bill Gill, Assistant Vice President, Environmental Affairs, Smithfield Foods. "These new tools are the result of a...

2012-03-06 05:07:00

SINGAPORE, March 6, 2012 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL") has inaugurated a new project to develop and produce a full portfolio of natural gas powered engines to complement its existing suite of diesel engines. Customers will be offered a greater choice of GYMCL's engines to meet their needs, especially in the...

2012-03-05 11:00:00

WEST PALM BEACH, Fla., March 5, 2012 /PRNewswire/ -- With the Cruise Industry expanding its reach around the globe and experiencing a 7.38% growth in passenger attendance annually, the results are bigger ships, more destinations, more on-board/on-shore activities and more passengers. With this expansion of ship services and ship sizes, keeping track of passengers and crew is becoming even more demanding. Shore side excursions require accurate manifests, advanced scheduling and in some...

2012-02-21 15:30:00

NEW YORK, Feb. 21, 2012 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and twelve months ended December 31, 2011. The following financial review discusses the results for the three months and years ended December 31, 2011 and December 31, 2010. Fourth Quarter 2011 and Year-to-Date Highlights Recorded net income attributable to Genco for the fourth quarter of $0.3 million, or $0.01 basic and...

2012-01-24 11:09:57

Expansion of one of the world's most important shipping routes brings with it a unique opportunity to reduce the carbon footprint of the marine industry, experts claim. Expanded sections of the Panama Canal are due to open in 2014 following an eight-year program to widen and deepen the waterway in order to increase capacity for liner shipping. This will remove the breadth restriction of 32.2m (known as 'panamax' in the shipping industry) that has constrained ships using the canal since...

2011-12-22 15:05:00

PIRAEUS, Greece, Dec. 22, 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 agreed to sell four LR1 products tanker vessels. The sale of two vessels, the Newlead Fortune and the Newlead Avra, was completed today. The sale of the other two vessels, the Newlead Compass and the Newlead Compassion, is expected to be completed by the...

2011-12-22 07:30:00

NEW YORK, Dec. 22, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) today announced it has entered into separate agreements to amend or waive provisions of its $1.4 billion revolving credit facility, its $253 million senior secured term loan facility and its $100 million term loan facility. DnB Nor Bank ASA, Deutsche Bank AG Filiale Deutschlandgeschaft and Credit Agricole CIB, respectively, acted as the lead arranger of each facility. Under the terms of the agreements,...

2011-12-09 07:30:00

PIRAEUS, Greece, Dec. 9, 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 fifth favorable arbitration award against TMT Bulk Corp. ("TMT") for $1,658,376.21 plus interest. The total amount awarded to date, under the fifth interim arbitration awards, is approximately $8,658,000 plus interest. As of December 9, 2011, the...