Latest Ship Stories
NEW YORK, July 26, 2011 /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, 2011. The following financial review discusses the results for the three and six months ended June 30, 2011 and June 30, 2010. Second Quarter 2011 and Year-to-Date Highlights Declared a $0.10 per share dividend payable on or about August 12, 2011 to all shareholders of record as of August 5, 2011...
NEW YORK, July 26, 2011 /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, 2011. The following financial review discusses the results for the three and six months ended June 30, 2011 and June 30, 2010. Second Quarter 2011 and Year-to-Date Highlights Recorded net income attributable to Genco for the second quarter of $10.1 million, or $0.29 basic and diluted earnings per...
HOUSTON, July 21, 2011 /PRNewswire/ -- GulfMark Offshore, Inc. (NYSE: GLF) today reported net income of $13.3 million, or $0.51 per diluted share, on revenues of $96.9 million for the quarter ended June 30, 2011. Bruce Streeter, President and CEO, commented, "Overall this has been an outstanding quarter and we are proud of what our employees accomplished. Although all of us would like to see more activity in the Gulf of Mexico, as we indicated on last quarter's earnings conference call, we...
PITTSBURGH, July 12, 2011 /PRNewswire/ -- Power conversion specialist Converteam in partnership with the U.S. Navy have successfully tested the DDG 1000's high voltage Integrated Power System (IPS) (1) to full power at the Land Based Test Site located in Philadelphia, Pennsylvania. (Logo: http://photos.prnewswire.com/prnh/20081002/NETH095LOGO-b ) DDG 1000 is the first U.S. Navy surface combatant to leverage this technology -- an all-electric architecture providing electric power for both...
PIRAEUS, Greece, June 21, 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 June 13, 2011, the new Post-Panamax vessel "Newlead Endurance" of 92,000 dwt was delivered from a Korean shipyard to NewLead's fleet. NewLead financed the vessel through a sale and immediate bareboat leaseback transaction. Mr. Michael Zolotas, president and chief...
ANTWERP, Belgium, June 8, 2011 /PRNewswire/ -- In order to further reduce emissions of pollutants such as NOx and SOx, the Port Authority is to reward "clean ships" calling at the port of Antwerp. As of 1 July the most environment-friendly ships will be granted a discount of 10% on the tonnage dues[1]. This measure follows on from an initiative by the International Association of Ports and Harbours (IAPH), in which the port authorities of Le Havre, Bremen, Hamburg, Rotterdam, Amsterdam...
LITTLETON, Colo., June 1, 2011 /PRNewswire/ -- In addition to giving cruisers more "suite" options in Europe with a trio of Suite Ships in 2012, Avalon Waterways is preparing to invite travelers aboard three unique ships on four new itineraries in Egypt and Southeast Asia. (Photo: http://photos.prnewswire.com/prnh/20110601/LA11599) "As more travelers adopt river cruising as their preferred travel style, they want to broaden their experiences," said Patrick Clark, managing director of...
SAN DIEGO, May 31, 2011 /PRNewswire/ -- General Dynamics NASSCO announced today that it has received from the U.S. Navy a $744 million modification to its Mobile Landing Platform (MLP) contract to fully fund construction of the first two ships of the new ship class. Construction of the first ship will begin immediately, with delivery to occur by the spring of 2013. The contract includes an option for the construction of a third MLP which, if exercised, will increase the total contract...
CALGARY, May 24, 2011 /PRNewswire/ - Wescorp Energy Inc. (Wescorp) (OTCBB: WSCE), a clean water technology company focused on implementing cost-effective solutions in several markets, including the oil and gas and marine industries, announced today that the second generation 10,000 barrel per day (bpd) H2Omaxx technology has successfully treated marine bilge water. The H2Omaxx achieved the International Maritime Organization approved Resolution MEPC 107(49) regulated maximum residual...
SUNNYVALE, Calif. and OSLO, Norway, May 24, 2011 /PRNewswire/ -- Nor-Shipping Conf., Stand # D01-01A - Applied Weather Technology, Inc. (AWT), today announced ship routing and fleet management services designed to meet the specialized needs of voyages by vessel and cargo type. With maritime experts specializing in each of five ship types, AWT aims to meet the specific, segmented needs of the industry, ultimately helping to enhance fleet safety and reduce fuel consumption. (Logo:...
