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Jeffersonville barge builder Jeffboat LLC reached a safety milestone June 1, when it hit one million hours without a lost-time injury, the company reported late Wednesday. It is the second time that the subsidiary of American Commercial Lines Inc. (NASDAQ: ACLI) has achieved the milestone since it was founded in 1938, the company...
NEW YORK (AP) -- Shares of oil tanker operator Frontline Ltd. rose Friday after Goldman Sachs upgraded the stock from "Sell" to "Buy," predicting stabilization of freight rates. Oil tanker companies have been struggling because the recession has led to sharply reduced oil production and shipments. Bermuda-based Frontline operates one of ...
Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) announced today that it has priced its follow-on public offering of 7,000,000 shares of Class A common stock, at $9.80 per share. The offering is expected to close on June 24, 2009, subject to customary closing conditions. Teekay Tankers has granted the underwriters a 30-day option to purchase...
Leading short sea carrier Containerships is pleased to announce an upgrading of its Mediterranean service. A third vessel will be deployed for the service that started in March of this year. This will be the MV Thetis - a 1400 TEU vessel that will join the service from 27th June. This new vessel will join the two 900 TEU vessels MV Jana and MV Mare to impr...
After achieving the highest-ever bunker sales in May, Hong Lam Marine here has launched the world’s largest purpose-built bunker tanker at the Marina in Keppel Bay , Exim News Service reported. The 22,000-DWT tanker Spectrum was built in collaboration with Hong Lam and Toyota Tsusho Corp (TTC). The tanker, estimated to cost $ 30 mil...
Already offering one of the most fuel flexible medium speed power plant arrangements in the liquefied natural gas (LNG) transport sector, MAN Diesel has now added Fuel Sharing capability to its type 51/60DF marine engine for LNG carriers. The new feature offers operators of LNG carriers the possibility to run the engine, not ...
Rollout to begin in third quarter in Port of New York, New Jersey region Maersk Line is setting up a nationwide chassis pool in the United States that will make its fleet of chassis available for lease by drayage companies, ocean carriers, marine terminals and railroads. The first phase of the nationwide rollout will begin in the third quarter i...
The Port of Houston Authority (PHA) successfully implemented the Transportation Worker Identification Credential (TWIC) program by harnessing a handheld card reader technology solution from Datastrip, Wayne, Pa., a provider of mobile identity verification and Codebench Inc., Coconut Creek, Fla., a physical security software provider. Using Datastrip’s...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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