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New York-listed containership charterer Seaspan Corp. has set the public offering price of its 7.66 million common shares at $27.25 per share. The offering includes 7 million common shares to be sold in an underwritten public offering and 663,300 shares to be sold directly to certain company executives and affiliates. The underwriters have been grante...
A New York private equity firm has purchased a large stake in the project cargo transportation company Intermarine. Andre Grikitis, president and chief executive officer of Intermarine, said the investment by New Mountain Capital, can help us to continue our strong growth into the years ahead and to enhance further the service and value we provide to ...
Intertanko, the London-based association of independent tanker owners, has set up a representative office in Brussels to get closer to the European regulators and decision makers. Meanwhile, the association has welcomed the International Maritime Organization's revisions to MARPOL Annex VI, which will reduce permissible sulfur levels from 2010 in a bi...
More than half the crew of a K Line roll-on/roll-off ship that caught fire in the mid-Atlantic have been taken off the ship while a skeleton crew remains aboard the disabled ship and awaits a tugboat that has been dispatched from Halifax and is expected to arrive by Sunday. The ship Sea Venus had last loaded cargo in Rhode Island and was in route to B...
Irish Sea all-freight company Seatruck Ferries, part of the Clipper Group, has decided to dismantle its grounded roll-on/roll-off ferry, Riverdance, before it sinks further into Blackpool Beach in the north of England. The 6,000-ton vessel ran into trouble amid fierce winds on Jan. 31 while transporting trucks and trailers from Warrenpoint in Northern...
Three more claims that were before the Workplace Health, Safety and Compensation Commission (WHSCC), related to occupational disease involving employees of the shipyard in Marystown, were approved last week. Bernadine Bennett, co-chair of the Marystown Shipyard Family Alliance, indicated that brings the total to six cases so far of the 39 claims submi...
On April 4, CMA CGM, the French shipping company, stated in a statement that the luxury sailing cruise ship Le Ponant owned by its subsidiary, Campagnie Des Iles du Ponant, had been boarded by pirates off Northern coast of Somalia. The ship was on its way back from the Seychelles to the Mediterranean, without any passengers but, with 30 crew members on bo...
Experts are now assessing the results of the maiden voyage of the world's first kite-assisted cargo ship. Initial indications are that the kite saved the 9,700-tonne Beluga Skysails some 2.5 tonnes of fuel per day during her 11,000-mile voyage from Germany to the Netherlands via Venezuela, the USA and Norway. The 160m kite used for the voyage (or rathe...
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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