FINANCIAL

Washington Insider - Money and Regulations Top Washington’s Agenda

Published Monday, May 21, 2012

Don’t be distracted by all the presidential politicking. There’s important maritime business going on in Washington. As the buildup to a full-fledged presidential campaign dominates the nation’s media, lawmakers and policymakers in the nation’s capitol returned to the nitty-gritty details of governing. Having...

MOST RECENT STORIES

1. Vietnam Arrests Four Shipping Executives Caught in Scandal

Published Friday, May 18, 2012

Vietnam’s state media says police have arrested four senior executives at a major state-owned shipping company for alleged mismanagement. The media reports that Duong Chi Dung, former... Read More >>

2. Fairstar Heavy Transport Turns Down Dockwise “Poison Pill”

Published Wednesday, May 16, 2012

Fairstar Heavy Transport N.V. (FAIR) has informed Dockwise that the unsolicited financial proposal received from Dockwise is of no interest to Fairstar. Dockwise has attempted to characterize... Read More >>

3. Maersk Net Up; Firm Cautiously Upbeat on Rates

Published Wednesday, May 16, 2012

Danish shipping and oil conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) Wednesday said it expects shipping rates to continue the recovery since March as its container shipping arm recorded a... Read More >>

4. United Maritime Group, LLC, to Sell U.S. United Bulk Terminal, LLC, to Oiltanking Holding Americas, Inc.

Published Friday, May 11, 2012

TAMPA, Fla., May 11, 2012 /PRNewswire/ -- United Maritime Group, LLC ("UMG"), today announced that it has entered into a definitive agreement to sell U.S. United Bulk Terminal, LLC... Read More >>

5. Proposed Acquisition of Fairstar by Dockwise to Accelerate Achievement of Strategic Goals

Published Monday, April 23, 2012

Dockwise Ltd., indirectly, through its wholly-owned subsidiary Dockwise White Marlin B.V. (the "Company" or "Dockwise"), has entered into share purchase... Read More >>

PRESS RELEASES

1. Solid Results for ULSTEIN

Published Thursday, May 24, 2012

Ulstein Group delivers solid results for 2011. The group had an operating income of NOK 2.1 billion and an operating profit of NOK 254 million. ‘We have competent employees and an... Read More >>

2. W&O’s European Footprint Further Expands into Canary Islands

Published Wednesday, May 23, 2012

Following a similar partnership in Turkey, W&O forms distribution partnership with Suisca, an international marine supplier based in Las Palmas de Gran Canaria – Canary... Read More >>

3. AVEVA acquires Bocad

Published Wednesday, May 23, 2012

AVEVA strengthens its 3D design capability with the addition of best-in-class structural detailing software Cambridge, UK – 23 May 2012: AVEVA (LSE:AVV), today announced the... Read More >>

4. Tidewater Declares Quarterly Dividend on Common Stock and Authorizes New Common Stock Repurchase Program

Published Friday, May 18, 2012

NEW ORLEANS--(BUSINESS WIRE)--May. 18, 2012-- Tidewater Inc. (NYSE:TDW) announced that its Board of Directors declared on May 17, 2012, a quarterly dividend of $0.25 per share on... Read More >>

5. ArcelorMittal announces sale of Skyline Steel and Astralloy business in the NAFTA region to Nucor Corporation

Published Friday, May 18, 2012

Luxembourg, 18 May 2012 (03:00 CET) - ArcelorMittal announces today the sale of its steel foundation distribution business in NAFTA, namely Skyline Steel and Astralloy (“Skyline... Read More >>