Singapore-based Dyna-Mac Holdings Ltd announced that it has secured two new fabrication orders worth USD 32 Million (S$40 million). The new orders have been placed by two Dyna-Mac’s regular clients and they relate to the fabrication of two new FPSO topside modules. The above orders are expected to have a positive contribution to Dyna-Mac’s earnings per [...]
NewLead Holdings Ltd., announced on Friday that Michael Zolotas, president and chief executive officer of NewLead, will assume the role and responsibilities of chairman of the Company following the recent resignation of Nicholas Fistes as chairman and director of the Company. Michael Zolotas, chairman, president and chief executive officer of NewLead, stated, “I would like [...]
The shipping industry is on the verge of experiencing dramatic change with rising fuel costs and new regulations as outlined in the Ship Energy Efficiency Management Plan (SEEMP) driving the industry to make drastic changes in the way it operates. Hundreds of thousands of dollars could potentially be saved by companies annually across the various [...]
Seanergy Maritime Holdings Corp. announced on October 31 the sale of the BET Intruder, a 69,235 dwt Panamax drybulk vessel, built in 1993, at a gross price of US$4.8 million. The vessel was delivered to its new owners on October 29, 2012. The company used the sale proceeds to reduce debt. Following the completion of [...]
Navios Maritime Holdings Inc. announced yesterday that it and Navios Maritime Finance (US) Inc., its wholly owned finance subsidiary intend to offer through a private placement, subject to market and other conditions, approximately $88 million of 8 7/8% first priority ship mortgage notes due 2017. The Notes will be offered and sold in the United [...]
Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that it has sold the Navios Buena Ventura, a 2010-built Capesize vessel of 179,259 dwt, to Navios Maritime Partners L.P. for a $67.5 million cash consideration. Navios Holdings has used $26.8 million out of the proceeds of the transaction [...]
Navios Maritime Holdings Inc. (“Navios Holdings”), a large, global, vertically integrated seaborne shipping and logistics company, announced that the Navios Avior, a new building Kamsarmax vessel of 81,355 dwt, was delivered yesterday from a South Korean shipyard to Navios Holdings’ owned fleet. The vessel is chartered-out for 2 years at a net rate of [...]
Huntington Ingalls Industries announced yesterday that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction Philippines, Inc., a subsidiary of HHIC Holdings Co., Ltd. to work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the western Pacific region. The agreement with HHIC-PHIL [...]
NewLead Holdings Ltd. announced yesterday that the Company has recently completed the redelivery of four dry bulk vessels, the “Australia”, the “Brazil”, the “China” and the “Grand Rodosi”, to their owners, which are affiliates of Lemissoler Maritime Company W.L.L. As previously announced, NewLead had signed an agreement with Lemissoler for the sale and leaseback of [...]
Navios Maritime Holdings Inc., announced that the Navios Centaurus, a new building Kamsarmax vessel of 81,472 dwt, was delivered today from a South Korean shipyard to Navios Holdings’ owned fleet. The vessel is chartered-out for 2 years at a net rate of $12,825 per day. It is anticipated that the Navios Centaurus will generate annual [...]
