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| Overseas Shipholding Group, Inc. Announces Closing of Public Offering of Common Stock | |  | | Overseas Shipholding Group, Inc. announced yesterday the closing of the sale of 3,500,000 shares of its common stock to Goldman, Sachs & Co. at a per share cash price of $45.33 for a total purchase price of $158,655,000.
OSG intends to use the net proceeds from this offering for general
corporate purposes, including, without limitation, capital expenditures
and working capital. |
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| Order placed for jack-up crane vessels based on Wartsila-IMS design | |  | | Wärtsilä, in consortium with IMS Ingenieurgesellschaft mbH, has been engaged by RWE Innogy, the renewable energy arm of the German utility company RWE,
as its designer to provide the basic design and consultancy services for
a jack up crane vessel. |
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| Ocean Carriers Reactivate Some Idle Box Ships | |  | | Ocean carriers are re-activating increasing numbers of laid-up container ships to keep pace with growing cargo volume on key liner trade routes.
Laid-up ships are returning to active service with the introduction of
new services, capacity upgrades on a few "loops" and additional extra
slow steaming, according to Alphaliner, the Paris-based consultancy. |
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| "K" Line: Final Voyage Completed at Port of Muroran in Japan to Develop Advanced ... | |  | | "New York Highway", a pure car carrier owned by Kawasaki Kisen Kaisha, Ltd. (hereinafter called "K" Line) and Taiyo Nippon Kisen Kaisha, Ltd., arrived at the port of Muroran in Hokkaido,
Japan on March 9, 2010 and completed her final duties as a car carrier. |
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| Science a step closer to biofuel for ships | |  | | Slowly but surely, science seems to be advancing toward a production of biofuel that does not take away agricultural land from the world’s food supply. When this kind of fuel is ready, so is A.P. Moller-Maersk.
Five Maersk business units are already carrying out tests on a large
container vessel with the ultimate aim of cutting CO2 emissions and
diversifying the fuel supply. |
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| Inmarsat plc Reports Full Year Results 2009 | |  | | Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, yesterday reported consolidated financial results for the year ended 31 December 2009. |
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| Norden announces Annual report 2009 and outlook for 2010 | |  | | Yesterday, the Board of Directors approved the annual report for 2009. |
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| North German shipowners face perfect storm | |  | | Thomas Mann would recognise a great deal in the office of a contemporary north German shipowner. |
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| GL Press Release: "Maritime Labour Convention: Marshall Islands authorizes GL" | |  | | The Republic of the Marshall Islands extends the scope of Germanischer Lloyd's (GL) authorization as Recognized Organization to carry out inspections and issue certificates under the Maritime Labour Convention, 2006 (MLC 2006). |
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| China Feb copper imports seen flat, or down | |  | | China's February imports of unwrought and semi-finished copper products are flat to slightly lower from a month ago due to the Lunar New Year holiday, a shorter month and fewer term shipment arrivals, traders said. |
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