Maritime/Shipbuilding Newswire
Cape Fear Yacht Works Pledges to Deliver Full Cooperation as the Investigation of the Capsizing of the Cynthia Woods Continues
HOUSTON, June 18 PRNewswire — As the investigation of the capsizing of the Cape Fear 38R Cynthia Woods continues, Cape Fear Yacht Works has pledged and is delivering its full cooperation with all local, state and federal investigative authorities. "First and foremost, our heartfelt...
Old Island Harbor Assists in Restoration of Historic Schooner
KEY WEST, Fla.-(Business Wire)-June 18, 2008 - The boatyard at Old Island Harbor, part of a proposed mixed-use redevelopment project emphasizing waterfront revitalization at Safe Harbor, recently provided working dock space to one of the world's only surviving cable ships - the Schooner Western...
New UPS Services Making It Easier to Go Global, Go Green
ATLANTA-(Business Wire)-June 18, 2008 - As U.S. businesses face challenges associated with a sluggish domestic economy, many are looking to markets overseas. Two technology-enabled services from UPS (NYSE:UPS) are making it easier than ever for businesses large and small to expand beyond U.S. shores...
International Cruise Victims Association (ICV) President and Cruise and Crime Experts to Testify at U.S. Senate Hearing on June 19, 2008 in Washington, D.C.
United States Senate to Address Issues to Protect Americans from Crimes on Cruise Ships SAMMAMISH, Wash., June 18 PRNewswire-USNewswire — The United States Senate has scheduled a hearing on June 19, 2008 at 10:00 a.m. on "Cruise Ship Safety: Examining Potential Steps For Keeping...
General Dynamics to Christen New Hampshire, U.S. Navy's Most-Advanced Submarine
GROTON, Conn., June 18 PRNewswire — General Dynamics Electric Boat will christen New Hampshire (SSN-778), the U.S. Navy's newest and most advanced nuclear attack submarine, at a ceremony at its shipyard here on Saturday, June 21, at 11 a.m. Electric Boat is a wholly owned subsidiary...
Dahlman Rose & Co. Launches Only Publicly-Disseminated Marine Transportation Indices
NEW YORK, June 18 PRNewswire — Dahlman Rose & Co., LLC, a leading investment bank specializing in the natural resource supply chain, today announced the launch of the Dahlman Rose Dry Bulk Shipping and Dahlman Rose Tanker Shipping Indices. The index data, which is being...
Moorings Marina Renovates 32 Hotel Vacation Rentals in Carrabelle, Florida
CARRABELLE, Fla., June 18 PRNewswire — The Moorings Marina, noted for being in the center of some of the world's best fishing, is announcing the completion of 32 marina view hotel rooms. To launch the opening of the rooms, the Moorings is offering one free night for every 2 night's...
Sparton Corporation Announces the Closure of Its Albuquerque, New Mexico Manufacturing Facility
JACKSON, Mich.-(Business Wire)-June 17, 2008 - Electronics Design and Manufacturing Services provider (EMS), Sparton Corporation (NYSE:SPA) has announced it will discontinue manufacturing operations and close its Albuquerque, New Mexico facility on or about September 30, 2008. Sparton...
OSG America L.P. to Present at the Merrill Lynch Global Transportation Conference
NEW YORK-(Business Wire)-June 17, 2008 - OSG America L.P. (NYSE: OSP), the largest operator of U.S. Flag coastal product carriers and barges transporting refined petroleum products, announced today that Jonathan P. Whitworth, President and Chief Executive Officer, will participate in a Jones Act...
Genco Shipping & Trading Limited Announces Plan to Sign Time Charter for Newly Acquired Vessel
NEW YORK, June 17 PRNewswire-FirstCall — Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to commence a time charter for the Genco Raptor, a 2007-built Panamax vessel, with COSCO Bulk Carriers Co., Ltd. for 46 to 50 months at a rate of...
Aegean Marine Petroleum Reaches Agreement to Acquire ICS Petroleum; Expands Presence into North America
PIRAEUS, Greece, June 17 PRNewswire-FirstCall — Aegean Marine Petroleum Network Inc. (NYSE: ANW), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, announced today that it has entered...
Navios Maritime Holdings Announces Sponsorship of Navios Maritime Acquisition Corporation
PIRAEUS, Greece, June 17 PRNewswire-FirstCall — Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a large, global, vertically integrated seaborne shipping and logistics company, announced today that it is the sponsor and corporate shareholder of Navios Maritime Acquisition...
OSG America L.P. to Present at MLP Investor Conference
NEW YORK-(Business Wire)-May 20, 2008 - OSG America L.P. (NYSE: OSP), the largest operator of U.S. Flag coastal product carriers and barges transporting refined petroleum products, announced today that Jonathan P. Whitworth, President and Chief Executive Officer, will present at the 2008 Master...
Textainer Group Holdings Limited President and CEO, John A. Maccarone, to be Interviewed on CNBC on May 21, 2008
HAMILTON, Bermuda-(Business Wire)-May 20, 2008 - Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, today reported that John A. Maccarone, President and CEO, will be interviewed on CNBC. The interview...
16 Year-Old Sailing Prodigy Zac Sunderland to Attempt Youngest Solo Circumnavigation
LOS ANGELES-(Business Wire)-May 20, 2008 - When 16 year-old Zac Sunderland of Ventura, California steps aboard his 36' yacht, Intrepid on May 31, he will be the youngest American sailor since 1965 to attempt a solo global circumnavigation. That year, 16 year-old Robin Lee Graham departed Los...
Brooke Insurance Says Before Setting That Sail, Be Sure You're Insured
OVERLAND PARK, Kan.-(Business Wire)-May 20, 2008 - According to the latest accident statistics report by the American Boating Association, watercraft-related incidents caused 710 deaths, 3,474 injuries and nearly $44 million in property damage in 2006. These amounts increased from the previous year...
Matson Recognized by General Motors as a 2007 Supplier of the Year
OAKLAND, Calif.-(Business Wire)-May 20, 2008 - Matson Navigation Company received the General Motors 2007 Supplier of the Year award for its significant contributions to GM's global product and performance achievements. The 16th annual award - themed the "Best of the Best" - was given during...
DHL Becomes Official Shipping Partner for Strike Ten Entertainment
PLANTATION, Fla.-(Business Wire)-May 20, 2008 - DHL, the world's leading express delivery and logistics company, announced today that it has won a three-year, multimillion-dollar agreement with Strike Ten Entertainment, the marketing arm of the Bowling Proprietors' Association of America (BPAA...
Concordia Maritime concludes time charter contracts for three P-MAX vessel new buildings
STOCKHOLM, Sweden-(Business Wire)-May 20, 2008 - Regulatory News: Today Concordia Maritime (STO:CCORB) have entered into time charter contracts for three of their P-MAX new buildings with ST Shipping and Transport, a subsidiary of Glencore. The contract period is three years for each vessel upon...
GE's Mega-Hybrid Technology Makes a Splash
NISKAYUNA, N.Y.-(Business Wire)-May 20, 2008 - Today GE announced is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water...
GE, C-MAR Group to Demonstrate Hybrid Tug Technology
FAIRFIELD, Conn.-(Business Wire)-May 20, 2008 - GE and the C-MAR Group will team to demonstrate the feasibility of a new hybrid tugboat technology that will offer customers fuel savings along with significantly reduced emissions both companies announced today. "This is an exciting project that...
China America Holdings, Inc. Aohong subsidiary in Agreement to Distribute Thermo King Refrigeration Products
FORT LAUDERDALE, Fla.-(Business Wire)-May 20, 2008 - China America Holdings, Inc. (OTCBB:CAAH), a diversified holding company operating in both the United States and China, announced today that its 56% owned subsidiary Shanghai Aohong has signed an agreement with Minnesota based Thermo King...
BAE Systems Completes Historic Repair of Cruise Ship
HONOLULU-(Business Wire)-May 19, 2008 - BAE Systems has successfully completed a $4.1 million two-week drydocking of NCL America's (NCLA's) Pride of America cruise ship May 9 at Pearl Harbor Naval Shipyard. The work, which began on April 26, is an important step in generating ship refurbishment...
ICAP Leopard to Attempt Transatlantic Record
NEW YORK-(Business Wire)-May 19, 2008 - ICAP Leopard, the Farr designed 100 foot super maxi yacht owned by Mike Slade, arrived in New York for the first time last week. At the end of May, ICAP Leopard, one of the fastest and most exciting monohulls on the planet will look for the right weather...
Cantor Fitzgerald US Equity Analysts Take Honors in Three Categories in the Financial Times' First Annual Awards for Research Performance
NEW YORK-(Business Wire)-May 19, 2008 - Cantor Fitzgerald today announced with pride that three members of its US Equity Research team have been recognized for excellence in their respective sectors in the first annual Financial Times/StarMine awards. George Zavoico, PhD, was honored with the #1...
Genco Shipping & Trading Limited Announces Plan to Sign Time Charter for Panamax Vessel
NEW YORK, May 19 PRNewswire-FirstCall — Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to commence a time charter for the Genco Acheron, a 1999-built Panamax vessel, with ArcelorMittal for 35 to 37.5 months at a rate of $55,250 per day...
``Discover Logistics'' Online Business Logistics Simulation Game Generates More Than 2,500 Registrants Worldwide in First Few Weeks
BONN, Germany-(Business Wire)-May 19, 2008 - DHL, the world's leading express delivery and logistics company, recently launched its international initiative "Discover Logistics" with the endorsement of the German Federal Minister of Foreign Affairs, Dr. Frank-Walter Steinmeier. The program's goal is...
Horizon Lines, Inc. Declares Dividend
CHARLOTTE, N.C., May 19 PRNewswire-FirstCall — Horizon Lines, Inc. (NYSE: HRZ) announced that its Board of Directors has voted to declare a cash dividend on its outstanding shares of common stock of $0.11 per share, payable on June 15, 2008 to all stockholders of record as of the...
Marine Petroleum Trust Announces Second Quarter Cash Distribution
DALLAS, May 19 PRNewswire-FirstCall — U. S. Trust, as Trustee of the Marine Petroleum Trust (Nasdaq: MARPS), today declared a quarterly cash distribution to the holders of its units of beneficial interest of $.745729 per unit, payable on June 30, 2008, to unit holders of record on May...
General Dynamics Delivers First Unmanned Surface Vehicle to U.S. Navy for Littoral Combat Ship
WESTMINSTER, Md., May 19 PRNewswire — General Dynamics Robotic Systems delivered the first 11-meter "Fleet" class Anti-Submarine Warfare Unmanned Surface Vehicle (ASW USV) to the U.S. Navy on May 2 as part of the Littoral Combat Ship (LCS) mission package. General Dynamics Robotic...
Genco Shipping & Trading Limited Announces Plan To Extend Time Charter for Handymax Vessel
NEW YORK, May 19 PRNewswire-FirstCall — Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to extend the time charter for the Genco Prosperity, a 1997-built Handymax with Pacific Basin Chartering Ltd. for an additional 35 to 37.5 months...
Raymarine Congratulates Team Rock Star on 2008 World Sailfish Championship Win
MERRIMACK, N.H., May 19 PRNewswire — Raymarine, Inc., a world leader in marine electronics, congratulates Captain Scott Leon's Team Rock Star on their incredible comeback victory at the World Sailfish Championship on April 19, 2008. Attracting more than 800 anglers fishing on 101 boats...
Genco Shipping & Trading Limited Announces Common Stock Offering
NEW YORK, May 19 PRNewswire-FirstCall — Genco Shipping & Trading Limited (NYSE: GNK) announced today that it has commenced a public offering of primary and secondary shares of its common stock, par value $0.01 per share (the "Common Stock"). The Company is offering approximately...
FLW Outdoors Announces Multi-Million Dollar Investment in Collegiate Bass Tournament Circuit for 2009
BENTONVILLE, Ark., May 16 PRNewswire — On the heels of its wildly popular $7.3 million Fantasy Fishing league, which debuted earlier this year, FLW Outdoors and its impressive lineup of sponsors — including Wal-Mart, the National Guard, BP, Chevrolet, P&G and others &mdash...
American Commercial Lines Names Senior Vice President and General Counsel
JEFFERSONVILLE, Ind., May 16 PRNewswire-FirstCall — American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") announced today that it has appointed Dawn R. Landry to the position of Senior Vice President and General Counsel. Ms. Landry, who earned her J.D. degree from...
National Safe Boating Week, 2008
WASHINGTON, May 16 PRNewswire-USNewswire — The following is a transcript of remarks by President Bush regarding National Safe Boating Week, 2008. THE WHITE HOUSE Office of the Press Secretary (Jerusalem) Our Nation's beautiful waterways provide opportunities for recreational...
House Committee Passes Clean Boating Act of 2008, Moves Bill to Full House for Consideration
Time running out for America's boaters; NMMA continues call for action WASHINGTON, May 15 PRNewswire-USNewswire — The National Marine Manufacturers Association (NMMA) today applauded the House Transportation & Infrastructure Committee (T&I) for approving commonsense...
Northrop Grumman to Webcast Annual Shareholders Meeting
LOS ANGELES, May 15 PRNewswire-FirstCall — Northrop Grumman Corporation (NYSE: NOC) will conduct its annual shareholders meeting on Wednesday, May 21, 2008. The meeting, which includes a presentation by Ronald D. Sugar, Northrop Grumman chairman and chief executive officer, will be...
La Dolce 'Value' on Europe's Number One Cruise Line: Select Sailings Aboard the Costa Serena Begin at Just $649
MIAMI, May 15 PRNewswire — From "la dolce vita" to "la dolce value," Costa, Europe's Number One Cruise Line, brings the best value and experience in the Mediterranean to travelers this summer with fares aboard the Costa Serena beginning at just $649 per person on select sailings...
Wilson Sons Limited Net Income Reaches US$ 13.2 Million in 1Q08
RIO DE JANEIRO, Brazil, May 14 PRNewswire-FirstCall — Wilson Sons Limited (Bovespa: WSON11) through its subsidiaries in Brazil, is one of the largest integrated operators of port and maritime logistics in the Brazilian market, registered a Net income of US$ 13.2 million, 10% higher than...
Garmin Electronics Aboard Mainship Trawlers
OLATHE, Kan., May 14 PRNewswire — Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation, announced today that it has signed an agreement making it the exclusive OEM marine electronics provider for Mainship Trawlers for its 2009...
Aegean Marine Petroleum Network Inc. Announces First Quarter 2008 Financial Results; Sales Volumes Increase 47.6%
PIRAEUS, Greece, May 14 PRNewswire-FirstCall — Aegean Marine Petroleum Network Inc. (NYSE: ANW), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, announced today financial and operating...
Sail Away - Marriott Rewards(R) Members Can Now Redeem Points for Trips on 17 Cruise Lines
BETHESDA, Md., May 14 PRNewswire — Marriott Rewards(R) members who want to spend their vacations at sea can now redeem points for cruises through a partnership with World Travel Holdings, one of the world's premier cruise distributors. World Travel Holdings offers trips with 17...
Coast Distribution System Reports First Quarter 2008 Financial Results
MORGAN HILL, Calif., May 14 PRNewswire-FirstCall — The Coast Distribution System, Inc. (Amex: CRV) reported its operating results for the first quarter ended March 31, 2008. Coast, one of North America's largest suppliers of aftermarket replacement parts, accessories and supplies for...
BOURBON : Mach Invest SAS Exceeds the 5% Statutory Shareholding Threshold in BOURBON's Capital
PARIS, May 14 PRNewswire-FirstCall — BOURBON has been informed that Mach Invest SAS, a French investment company, crossed the 5% shareholding threshold in BOURBON on May 13th, by the acquisition of 1 750 000 shares. Mach Invest SAS now holds 2 819 750 shares, or 5.084% of BOURBON's...
Northern Offshore Announces Earnings Release Date and Conference Call Information
HOUSTON, May 13 PRNewswire-FirstCall — Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced plans to report first quarter 2008 financial results after market close on May 28, 2008. The company also said it would conduct a teleconference with security analysts at 9 a.m. CDT, May...
American Commercial Lines Inc. Announces its 2008 Annual Meeting of Shareholders
JEFFERSONVILLE, Ind., May 13 PRNewswire-FirstCall — American Commercial Lines Inc. ("ACL" or the "Company") (Nasdaq: ACLI) today announced that it will hold its 2008 Annual Meeting of Shareholders on Monday, May 19, 2008, at 11:00 a.m. eastern daylight time at Headquarters, American...
CDI Awarded Engineering and Marine Services Contract by U.S. Navy
PHILADELPHIA, May 13 PRNewswire-FirstCall — CDI Corp. (NYSE: CDI) announced today that CDI Marine Company, a CDI-Government Services business unit, was awarded a watercraft engineering and marine services contract by the U.S. Navy in support of Naval Surface Warfare Center, Carderock...
GM River Days Returns to the Detroit International Riverfront with Fantastic Entertainment on Land and Water - June 20-23, 2008
DETROIT, May 13 PRNewswire — Details for the 2008 GM River Days, last year's summer success, were announced today at Rivard Plaza. Organized by the Detroit RiverFront Conservancy, The Parade Company and General Motors, the festival will kick off Friday, June 20 and culminate on...
National Marine Fisheries Service's (NMFS) New Environmental Review Proposal Significantly Limits Public's Ability to Hold Government Managers Accountable
Pew to host call exposing proposal's shortcomings WASHINGTON, May 13 PRNewswire-USNewswire — Tomorrow, May 14 at 12 p.m. EDT, the Pew Environment Group will host a tele-press briefing to provide immediate insight and political analysis on a proposed fisheries rule issued that morning by...
Aries Maritime Declares First Quarter 2008 Dividend of $0.10 per Share
ATHENS, Greece, May 13 PRNewswire-FirstCall — Aries Maritime Transport Limited (NASDAQ: RAMS) today announced the Company's Board of Directors has declared a $0.10 per share dividend for the three-month period ended March 31, 2008. The dividend is payable on May 30, 2008 to shareholders...
U.S. Shipping Partners L.P. Schedules First Quarter 2008 Earnings Conference Call
EDISON, N.J., May 9 PRNewswire-FirstCall — U.S. Shipping Partners L.P. (the "Partnership") (NYSE: USS), will hold its quarterly conference call to discuss first quarter 2008 results on Tuesday, May 13, 2008 at 8:30 a.m. eastern time. Dial-in information for the conference call is as...
Chaparral Wins Powerboat Magazine 'Boat of the Year' Award
ATLANTA, May 9 PRNewswire-FirstCall — Marine Products Corporation (NYSE: MPX) today reported that its wholly owned subsidiary, Chaparral Boats, Inc., has won the prestigious Powerboat Magazine Boat of the Year Award for Product Excellence in the runabout category for 2008. This is...
Tsakos Energy Navigation Ltd. Announces Availability of its Form 20-F for the Year Ended December 31, 2007
ATHENS, Greece, May 9 PRNewswire-FirstCall — Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP), announced today that its Annual Report on Form 20-F for the year ended December 31, 2007 has been filed with the Securities and Exchange Commission and can be accessed on the Company's...
Deep Down Announces $5.5 Million Buoyancy Order
HOUSTON, May 9 PRNewswire-FirstCall — Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that Flotation Technologies, Inc., a world leader in the engineering, design, and manufacturing of deepwater buoyancy and polyurethane elastomer systems, received a contract award for a...
A/S Dampskibsselskabet TORM : The 2008 Profit Forecast - as Upgraded on 25 April - of USD 250-270 Million Before Tax is Maintained
HELLERUP, Denmark, May 9 PRNewswire-FirstCall — "At USD 52 million, the profit before tax for the first quarter is in line with expectations and represents an increase compared to 2007 if adjusted for TORM's gain from the sale of the Norden shareholding. In the first quarter, we...
Parsons and Washington State Ferries Launch Wi-Fi Service Dockside at Anacortes
PASADENA, Calif., May 8 PRNewswire — Parsons and Washington State Ferries today announced the commencement of Wi-Fi services at the Anacortes ferry terminal. Service will be available to users both in the terminal and automobile holding areas. "We're pleased that we could activate...
Tsakos Energy Navigaton Announces First Quarter 2008 Financial Results Conference Call and Webcast
ATHENS, Greece, May 8 PRNewswire-FirstCall — Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) will report earnings for the first quarter of 2008 prior to the open of the market on Wednesday, May 21, 2008. That same morning, at 10:00 a.m. Eastern Time, TEN will also host a conference...
U.S. Coast Guard Accepts Delivery of First National Security Cutter, Lockheed Martin Command and Control System
MOORESTOWN, N.J., May 8 PRNewswire — The U.S. Coast Guard today accepted delivery of the first National Security Cutter, USCGC Bertholf (WMSL 750), a 418-foot vessel built by Northrop Grumman and equipped by Lockheed Martin (NYSE: LMT) with integrated communications, sensors and...
FreeSeas Inc. Announces Date for Release of First Quarter 2008 Financial Results
PIRAEUS, Greece, May 8 PRNewswire-FirstCall — FreeSeas Inc. (Nasdaq: FREE, FREEW, FREEZ) ("FreeSeas" or "the Company"), a provider of seaborne transportation for drybulk cargoes, announced today that the Company will report earnings for the first quarter 2008 prior to the open of the...
Carnival Rolls Out Extensive Redesign of Popular Web Site
MIAMI, May 8 PRNewswire-FirstCall — Carnival.com, the cruise industry's most visited Web site, has undergone an extensive redesign and emerged with a host of new features, including enhanced navigation and layout, a variety of images and content, and numerous technical advancements, all...
Yamaha FX SHO(R) Series Named Watercraft of the Year
KENNESAW, Ga., May 8 PRNewswire — Yamaha Motor Corporation, U.S.A. today announced the FX SHO Series has been named 2008 "Watercraft of the Year" by WaterCraft World(R) magazine. This coveted award recognizes the personal watercraft (PWC) that best demonstrates excellence in innovation...
KVH Launches Lease Program for TracPhone V7 Maritime Broadband Communications System
MIDDLETOWN, R.I., May 8 PRNewswire-FirstCall — Shipping and offshore oil and gas operators need ever-increasing bandwidth both for enterprise operations as well as for crew morale and welfare. With its smaller size, broadband data rates, Voice over IP (VoIP) phone connections, and...
Carrizo Oil & Gas, Inc. Announces Record Production, Revenue and EBITDA in First Quarter 2008 Financial Results
HOUSTON, May 8 PRNewswire-FirstCall — Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today reported record results for the Company's first quarter of 2008, which included the following highlights: Results for the First Quarter 2008 — — Record Production of 6.33 Bcfe or 69,589...
Capital Gold Group, Inc. Donates Solid Gold to Charity Event Benefiting USS Ronald Reagan Sailors
LOS ANGELES, May 7 PRNewswire — Capital Gold Group, Inc., premier provider of Gold IRAs and physical gold for direct delivery, donated solid gold bullion to The Reagan Golf Classic and Legacy Dinner benefiting the Michael and Colleen Reagan Scholarship Fund for sailors serving on...
It's Slime Time on the High Seas as Nickelodeon Announces Activity Schedule for Nickelodeon Family Cruise With Royal Caribbean(R)
NEW YORK, May 7 PRNewswire — Nickelodeon has assembled seven days of non-stop fun and activities for its first-ever Nickelodeon Family Cruise with Royal Caribbean, which sets sail August 10-17, on Royal Caribbean International's Freedom of the Seas. Vacationers will be able to...
Global Industries, Ltd. Acquires Olympic Orion
CARLYSS, La., May 7 PRNewswire-FirstCall — Global Industries, Ltd. (Nasdaq: GLBL) announced today that it has signed a Memorandum of Agreement to acquire the Olympic Orion, a DP-2 multi service, ROV, deepwater construction and diving vessel. The vessel will be renamed the Global...
Greenbrier Appoints Martin Baker as Senior Vice President, General Counsel and Chief Compliance Officer
LAKE OSWEGO, Ore., May 7 PRNewswire-FirstCall — The Greenbrier Companies (NYSE: GBX) today announced the appointment of Martin Baker as Senior Vice President, General Counsel and Chief Compliance Officer. Prior to his appointment, Mr. Baker served as Corporate Vice President, General...
CIBER Completes $2.3 Million Waterside Perimeter Project for 13th Largest U.S. Port
FREEPORT, Texas, May 7 PRNewswire-FirstCall — CIBER, Inc. (NYSE: CBR) today announced that its Federal Government Division has successfully completed the implementation of a $2.3 million waterside perimeter protection project for Port Freeport, Texas. CIBER's Enterprise Security...
Horizon Logistics Selected as a 2008 Top 100 Logistics Technology Provider
CHARLOTTE, N.C., May 7 PRNewswire-FirstCall — Horizon Lines, Inc., (NYSE: HRZ), the nation's leading domestic ocean shipping and integrated logistics company, today announced that through its technology division, Horizon Logistics has been named a 2008 Top 100 Logistics IT Provider by...
KVH Introduces New CNS-5000 GPS/IMU Continuous Navigation System
MIDDLETOWN, R.I., May 7 PRNewswire-FirstCall — KVH Industries, Inc. (Nasdaq: KVHI), working in close cooperation with leading GPS manufacturer NovAtel Inc., today introduced the CNS-5000, a self-contained navigation system that combines fiber optic gyro (FOG)-based inertial...
Private Cabanas Offered on Holland America Line's ms Eurodam
SEATTLE, May 7 PRNewswire — Guests on Holland America Line's new ms Eurodam who want to enjoy the outdoors in the comfort of their own private haven will delight in the cabanas on the Observation and Lido decks of the company's first Signature-class ship. The airy, tented cabanas are...
KBR Dividend Declaration
HOUSTON-(Business Wire)-May 7, 2008 - KBR (NYSE:KBR) announced today that its board of directors has declared a quarterly cash dividend of five cents ($0.05) per share on the company's common stock, payable July 15, 2008, to shareholders of record at the close of business on June 13, 2008. KBR is...
Odyssey Marine Exploration Announces First Quarter 2008 Results
TAMPA, Fla.-(Business Wire)-May 6, 2008 - Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), the world leader in the field of deep-ocean shipwreck exploration, today filed a quarterly report with the Securities and Exchange Commission detailing results of the Company's first quarter 2008. For the first...
American Commercial Lines Announces First Quarter Results
JEFFERSONVILLE, Ind., May 6 PRNewswire-FirstCall — American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") today announced results for the first quarter ended March 31, 2008. Revenues for the quarter were $270.5 million, an 18.5% increase compared with $228.2 million...
Arlington Tankers Announces Exercise of Charter Options for Four of Its Vessels
HAMILTON, Bermuda, May 6 PRNewswire-FirstCall — Arlington Tankers Ltd. (NYSE: ATB) announced today that Stena Bulk AB of Sweden (Stena) has exercised options to extend the long-term charter agreements for four of the Company's vessels. Stena has exercised the first of its three one-year...
Intergraph(R) Korea Ltd. Acquires TechServer Corp.
HUNTSVILLE, Ala.-(Business Wire)-May 6, 2008 - Intergraph(R) Korea Ltd. has acquired all the shares of TechServer Corp., a Seoul-based software and services company specializing in automated drafting, data exchange and system integration in the shipbuilding, process, power and offshore industries...
Harlem Globetrotters Celebrate Record-Breaking Season
PHOENIX-(Business Wire)-May 6, 2008 - The Harlem Globetrotters' 2008 "Magic As Ever" North American Tour broke records with a nearly 5 percent increase in gross tour revenue, set all-time levels for merchandise sales, hit television ratings highs, and exponentially increased online traffic...
Global Link Logistics Boosts Productivity by 50% with Management Dynamics' Transportation Management Solution
ATLANTA-(Business Wire)-May 6, 2008 - Management Dynamics, a leading provider of global trade management solutions, today announced that Global Link Logistics, the leading provider of import logistics services to North American furniture industries, has implemented Management Dynamics...
Linking Two Businesses with an Nautical Incentive Program
IRWIN, Pa.-(Business Wire)-May 6, 2008 - Clients of Business Partner, a one stop marketing services and coaching franchise, are getting more than strategic marketing and promotional support to help create awareness for their products and services. Owner Bruce Violette has developed a national...
Great Lakes Dredge & Dock Corporation Reports 2008 First Quarter Results
OAK BROOK, Ill.-(Business Wire)-May 6, 2008 - Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) - the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today reported financial results for the three months ended...
CORRECTING and REPLACING NYMAGIC, INC. Reports 2008 First Quarter Results
NEW YORK-(Business Wire)-May 6, 2008 - In Net investment (loss) income results table, investment expenses for 2008 should read $(1.1) (sted $(1.18)). All figures are in millions. The corrected release reads: NYMAGIC, INC. REPORTS 2008 FIRST QUARTER RESULTS NYMAGIC, INC. (NYSE: NYM) reported today...
Textainer Group Holdings Limited Reports First Quarter 2008 Results and Declares Quarterly Dividend
HAMILTON, Bermuda-(Business Wire)-May 5, 2008 - Textainer Group Holdings Limited (NYSE:TGH) ("Textainer"), the world's largest lessor of intermodal containers based on fleet size, today reported results for the first quarter ended March 31, 2008. Total revenues for the quarter increased by $13.1...
Bal Seal Engineering Presents High Performance Sealing & Connecting Technology at the Offshore Technology Conference
FOOTHILL RANCH, Calif.-(Business Wire)-May 5, 2008 - Bal Seal Engineering Inc., today announced their participation at the Offshore Technology Conference held this week in Houston, Texas. Bal Seal Engineering is a leading global supplier of custom engineered sealing, connecting, and energizing...
TOP Ships Announces Delivery of the Latest Drybulk Vessel
ATHENS, Greece, May 5 PRNewswire-FirstCall — TOP Ships Inc. (Nasdaq: TOPS) announced that it has taken delivery of the M/V ASTRALE, a 75,933 dwt Panamax drybulk vessel, built in 2000 in Japan. The vessel has been financed with secured bank debt. The M/V ASTRALE is the last drybulk...
Martin Midstream Partners to Issue First Quarter 2008 Results and Hold Investors' Conference Call
KILGORE, Texas, May 5 PRNewswire-FirstCall — Martin Midstream Partners L.P. (Nasdaq: MMLP) announced today that it plans to publicly release its financial results for the first quarter ended March 31, 2008 after the market closes on Wednesday, May 7, 2008. In addition, Martin...
Aker Philadelphia Shipyard Secures Additional Funding from Caterpillar Finance
PHILADELPHIA-(Business Wire)-May 5, 2008 - Aker Philadelphia Shipyard (Oslo:AKPS) entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Finance) to increase its line of credit to $150 million. Under the agreement, Cat Finance will fund up to $80 million per ship for...
More Oil on the Way Thanks to GE, Norway's Sevan Marine, Scottish Company, Chinese and Other International Shipyards
ARENDAL, Norway & STAMFORD, Conn.-(Business Wire)-May 5, 2008 - Two units of GE (NYSE: GE) are joining forces with oil drilling and production technology company Sevan Marine ASA of Norway, Oilexco North Sea Ltd. of Scotland, and a Chinese and other international shipyards to deploy an...
Deep Down Announces New Distribution Agreement With Hach Ultra
HOUSTON, May 5 PRNewswire-FirstCall — Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has entered into a distributor agreement with Hach Ultra, manufacturer of HIAC liquid particle counters, for its highly advanced GlyCount(TM) liquid particle counter and Portable Oil...
TSA's Maurine Shields Fanguy to discuss the Transportation Worker Identification Credential at the East Coast Maritime Conference, 6/3-5
NEWARK, N.J., May 5 PRNewswire — The Journal of Commerce Conferences announced today that the Transportation Security Administration's Director for Maritime and Surface Credentialing, Maurine Shields Fanguy, will discuss the Transportation Worker Identification Credential program on the...
Tidewater Reports Fourth Quarter Results and Year End Earnings for Fiscal 2008
NEW ORLEANS-(Business Wire)-May 5, 2008 - Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2008, of $85.4 million, or $1.63 per share, on revenues of $331.4 million. For the same quarter last year, net earnings were $87.6 million, or $1.56 per...
/C O R R E C T I O N -- Intelligent Global Pooling Systems/
In the news release, iGPS Announces Agreement With Dole Fresh Vegetables, Inc., issued Thursday, May 1, by Intelligent Global Pooling Systems over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "Intelligent Global Pooling Systems (iGPS Company LLC...
A&B Receives Approval for Phase II Development of Key Maui Industrial Park
KAHULUI, Hawaii-(Business Wire)-May 5, 2008 - A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc. (NASDAQ:ALEX), has received final zoning approval for its planned 179-acre Maui Business Park-Phase II project in Kahului, Maui. Maui Mayor Charmaine Tavares signed an...
West Coast Science and Technology Center Selects Hydroid's REMUS 100 Autonomous Underwater Vehicle (AUV)
POCASSET, Mass.-(Business Wire)-May 2, 2008 - Hydroid, LLC, a leading manufacturer of Autonomous Underwater Vehicles (AUVs), announced today that the National Science Foundation funded Science and Technology Center for Coastal Margin Observation and Predication (CMOP) has purchased two REMUS 100s...
Kansas City Southern Holds Annual Meeting of Stockholders, Elects Three Directors and Announces Preferred Dividend
KANSAS CITY, Mo.-(Business Wire)-May 2, 2008 - Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 1, 2008 in Kansas City, Missouri. With 92% of the KCS' outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the...
Diving Equipment Marketing Association (DEMA) Commends State of Florida for Leadership Role in Creating Artificial Reefs
SAN DIEGO, May 2 PRNewswire — The Diving Equipment and Marketing Association congratulates the Florida Senate and House of Representatives for unanimously passing legislation which establishes a matching grant program titled Ships to Reefs. This bill, sponsored in the Senate by Mike...
Department of Land and Natural Resources and http://www.eHawaii.gov Launch Hawaii Online Boat and Vessel Registration
HONOLULU-(Business Wire)-May 2, 2008 - The Department of Land and Natural Resources' (DLNR) Division of Boating and Ocean Recreation (DOBOR), in cooperation with eHawaii.gov, has launched a new online service for owners of boats and other vessels registered in the State of Hawaii. Owners can now...
General Finance Corporation Announces Program for Reduced Exercise Price of Warrants Through May 30, 2008
PASADENA, Calif., May 2 PRNewswire-FirstCall — General Finance Corporation (the "Company") (Amex: GFN, GFN.WS, GFN.U) today announced that the Company has offered holders of 9,208,333 warrants, including all of the Company's publicly-traded warrants and 583,333 privately placed...
Textainer Group Holdings Limited Receives National Defense Transportation Association Quality Award
HAMILTON, Bermuda-(Business Wire)-May 1, 2008 - Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, received the prestigious National Defense Transportation Association (NDTA) Quality Award on April...
Trailer Bridge Comments on Strategic Alternatives Process and Recent Developments in Puerto Rico Marine Trade
JACKSONVILLE, Fla.-(Business Wire)-May 1, 2008 - Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced that the Committee formed to explore strategic alternatives is suspending its active review in light of a Justice Department antitrust investigation into pricing practices among...
U.S. Coast Guard Officer Pleads Guilty for Lying About Vessel Pollution
WASHINGTON, May 1 PRNewswire-USNewswire — David G. Williams, a Chief Warrant Officer in the U.S. Coast Guard and the Main Propulsion Assistant for the Coast Guard Cutter RUSH, pleaded guilty today in U.S. District Court in Hawaii to one count of making a false statement, announced...
Aegean Marine Petroleum Network Inc. Announces First Quarter 2008 Conference Call and Webcast
PIRAEUS, Greece, May 1 PRNewswire-FirstCall — Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it plans to hold a conference call to discuss the Company's results for the first quarter of 2008 on Thursday, May 15, 2008 at 8:30 a.m. Eastern Time. The Company plans...
CSX Announces National Gateway to Improve Flow of Freight
DUBLIN, Ohio, May 1 PRNewswire — CSX Corporation today launched the National Gateway, a $700 million public-private infrastructure initiative to create a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. When completed, the National Gateway...
1772 Foundation Helps Expand Historic Port Clyde Wharf
ROCKLAND, Maine, May 1 PRNewswire-USNewswire — The Island Institute announced today that the Port Clyde Fishermen's Cooperative has received $100,000 from the 1772 Foundation, a historical-restoration organization based in New Jersey, for the repair and expansion of the cooperative's...
Longshore Union Strikes West Coast Ports
SAN FRANCISCO, May 1 PRNewswire — The International Longshore and Warehouse Union today struck West Coast ports from Southern California to the Pacific Northwest, bringing cargo operations to a virtual standstill, as the Union's leadership defied orders from the independent Coast...
MarineMax Reports Second Quarter Fiscal 2008 Results
CLEARWATER, Fla.-(Business Wire)-May 1, 2008 - MarineMax, Inc. (NYSE: HZO), the nation's largest recreational boat retailer, today announced results for its second quarter ended March 31, 2008. Revenue was $233.3 million for the quarter ended March 31, 2008 compared with $325.1 million for the...
iGPS Announces Agreement With Dole Fresh Vegetables, Inc.
ORLANDO, Fla., May 1 PRNewswire — Intelligent Global Pooling Systems (iGPS Company LLC), announced today that, beginning mid-May, Dole Fresh Vegetables will begin shipping its products on iGPS' all-plastic pallet pool with embedded RFID tags. Dole Fresh Vegetables is the latest...
Trimble Introduces Software Package to Remotely Manage DGPS Broadcast Sites for Marine Navigation
SUNNYVALE, Calif., May 1 PRNewswire-FirstCall — Trimble (Nasdaq: TRMB) today introduced the first modern software package specifically designed to continuously monitor and control Differential Global Positioning System (DGPS) broadcast sites for marine navigation — Trimble(R...
Textainer Group Holdings Limited Announces Dates for Release of First Quarter 2008 Results and Quarterly Conference Call
HAMILTON, Bermuda-(Business Wire)-April 30, 2008 - Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, today reported that it will announce results for the first quarter ended March 31, 2008 on May 5...
International Shipholding Corporation Reports First Quarter Results
MOBILE, Ala.-(Business Wire)-April 30, 2008 - International Shipholding Corporation (NYSE: ISH) today reported results for the quarter ended March 31, 2008. The Company reported net income of $4.814 million for the three months ended March 31, 2008, which included net income of $4.126 million from...
TECO Energy to Host a Webcast May 5th
TAMPA, Fla.-(Business Wire)-April 30, 2008 - TECO Energy, Inc. (NYSE:TE) today announced that the company will webcast its live presentation to the financial community at the American Gas Association Financial Forum on Monday, May 5, 2008 at 2:20 PM Eastern time. Investors, shareholders, media and...
Odyssey's President Mark D. Gordon to Keynote at the Detroit Science Center's 2008 Detroit Science Gala
TAMPA, Fla.-(Business Wire)-April 30, 2008 - Mark D. Gordon, President of Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), the world leader in the field of deep-ocean shipwreck exploration, will deliver the keynote speech at the 2008 Detroit Science Gala hosted by the Detroit Science Center on May 9...
ADDING MULTIMEDIA UPS Names New District Executive
MILANO, Italy-(Business Wire)-April 30, 2008 - Cindy Miller, a 20-year veteran of UPS (NYSE:UPS) who heads the Metro Chicago District, has been named the vice president of operations for the company's South Europe District. In her new role, Miller will be responsible for small package operations...
K-Sea Transportation Partners L.P. Announces Operating Results and Net Income for Third Quarter of Fiscal 2008; Increases Dividend
NEW YORK-(Business Wire)-April 30, 2008 - K-Sea Transportation Partners L.P. (NYSE: KSP) today announced operating results and net income for the third fiscal quarter ended March 31, 2008. Net income increased 32% to $5.3 million from $4.0 million in the same period a year ago. Net income was...
Oceaneering Announces Record First Quarter Earnings
HOUSTON, April 30 PRNewswire-FirstCall — Oceaneering International, Inc. (NYSE: OII) today reported record first quarter earnings for the period ended March 31, 2008. On revenue of $436 million, Oceaneering generated net income of $41.3 million, or $0.74 per share. During the...
Oceaneering Announces Subsea BOP Control System Contract
HOUSTON, April 30 PRNewswire-FirstCall — Oceaneering International, Inc. (NYSE: OII) announced it has been awarded a contract valued at over $14 million by Frontier Drilling USA to deliver a new generation, subsea blowout preventer (BOP) control system. This electro-hydraulic...
Genco Shipping & Trading Limited Announces First Quarter 2008 Financial Results
NEW YORK, April 30 PRNewswire-FirstCall — Genco Shipping & Trading Limited (NYSE: GNK) today reported its financial results for the three months ended March 31, 2008. The following financial review discusses the results for the three months ended March 31, 2008 and March 31, 2007...
General Maritime Corporation Announces First Quarter 2008 Financial Results
NEW YORK, April 30 PRNewswire-FirstCall — General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months ended March 31, 2008. Financial Review: 2008 First Quarter Excluding other expense, the Company recorded net income of $13.4 million or $0.46...
DHL Delivers Fans Another Season of Major League Baseball(R)
PLANTATION, Fla.-(Business Wire)-April 30, 2008 - DHL, the world's leading global express delivery and logistics company, has launched its fourth season as the Official Express Delivery and Logistics Provider of Major League Baseball(R) and MLB.com. DHL also continues its title sponsorship of DHL...
TECO Energy Increases Quarterly Dividend
TAMPA, Fla.-(Business Wire)-April 30, 2008 - TECO Energy (NYSE:TE) announced today that its Board of Directors has approved an increase to the company's quarterly dividend. The dividend will increase to 20 cents per share, from 19.5 cents per share. Chairman and CEO Sherrill Hudson said, "We are...
Echo Global Logistics, Inc. Files Registration Statement for Initial Public Offering
CHICAGO-(Business Wire)-April 30, 2008 - Echo Global Logistics, Inc. announced today that it filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock. The number of shares to be offered and the price range for the offering have not yet...
Dublin Terminal Operator Implements Tideworks Technology
SEATTLE-(Business Wire)-April 30, 2008 - Tideworks Technology(R) Inc., a leading provider of full-service terminal management and planning software solutions, today announced the successful implementation of Tideworks' container terminal software suite at Portroe Stevedores Limited terminal in...
GE SeaCo Welcomes Agreement Among its Parent Companies
BRIDGETOWN, Barbados, April 30 PRNewswire — GE SeaCo SRL, the international marine container lessor, welcomes a settlement agreement signed by its two parent companies, General Electric Capital Corporation ("GE") and Sea Containers Ltd. ("SCL") to resolve all of their disputes. The...
West Marine Reports First Quarter 2008 Operating Results
WATSONVILLE, Calif.-(Business Wire)-April 30, 2008 - West Marine, Inc. (Nasdaq:WMAR) today released preliminary unaudited operating results for the first quarter of 2008. Pre-tax net loss for the thirteen weeks ended March 29, 2008 was $25.4 million, or ($0.81) per share after-tax, compared to a...
A&B Begins 2008 with First Quarter Income of $42.1 Million
HONOLULU-(Business Wire)-April 30, 2008 - Alexander & Baldwin, Inc. (NASDAQ:ALEX) today reported that net income for the first quarter of 2008 was $42.1 million, or $1.01 per diluted share. Net income in the first quarter of 2007 was $24.7 million, or $0.58 per diluted share. Revenue for the...
Shell Signs Agreement With AMO Union to Add U.S. Officers to Shell's International LNG Fleet
LONDON and HOUSTON, April 30 PRNewswire — Shell Ship Management Limited (Shell) and the American Maritime Officers (AMO) union today signed a Memorandum of Understanding (MOU) formalizing the addition of U.S. seafarers to Shell's officer cadre. A signing ceremony at the Department of...
Horizon Lines Receives Mary Patten Valiant Ship Award
CHARLOTTE, N.C., April 30 PRNewswire-FirstCall — Horizon Lines, Inc., (NYSE: HRZ), the nation's leading domestic ocean shipping and integrated logistics company, received the 2008 Mary Patten Valiant Ship Award from the Women's Propeller Club of the United States. Don Watters, Horizon...
HiQube to Host Webinar Series Highlighting the Role Business Intelligence Can Play in Improving Business Processes and Decision Making Across Numerous Industries
TROY, Mich., April 30 PRNewswire — HiQube, a leader in high-performance business intelligence (BI) software, today announced that it is presenting a series of three webinars that will review how BI can positively impact key functional areas critical to an organization's success. These...
Garmin Reports Record First Quarter; Strong Margins and Increased Market Share
CAYMAN ISLANDS, April 30 PRNewswire-FirstCall — Garmin Ltd. (Nasdaq: GRMN) today announced a record quarter ended March 29, 2008. First Quarter 2008 Financial highlights: — Total revenue of $664 million, up 35% from $492 million in first quarter 2007 — Automotive/Mobile...
Double Hull Tankers Announces Pricing of 8,000,000 Common Shares
ST. HELIER, Channel Islands-(Business Wire)-April 29, 2008 - Double Hull Tankers, Inc. (NYSE:DHT) announced today the pricing of 8,000,000 common shares at a public offering price of $10.50 per share in an underwritten public offering. In connection with the offering, the underwriters have been...
OSG America Reports First Quarter 2008 Results
TAMPA, Fla.-(Business Wire)-April 29, 2008 - OSG America L.P. (NYSE: OSP), the largest operator of U.S. Flag coastal product carriers and barges transporting refined petroleum products, today reported financial results for the three month period ended March 31, 2008. Jonathan Whitworth, President...
Overseas Shipholding Group Reports First Quarter 2008 Results
NEW YORK-(Business Wire)-April 29, 2008 - Overseas Shipholding Group, Inc. (NYSE:OSG): HIGHLIGHTS — TCE revenues were $375.8 million, a 45% increase from $259.2 million quarter-over-quarter — Net income was $112.4 million, a 33% increase from $84.7 million quarter-over-quarter &mdash...
UPS to Ride with Big Brown
LOUISVILLE, Ky.-(Business Wire)-April 29, 2008 - "Big Brown" is jumping on Big Brown. UPS (NYSE:UPS) today announced a sponsorship that will send the UPS colors off with jockey Kent Desormeaux aboard favorite Big Brown in the 2008 running of the Kentucky Derby at Churchill Downs. Big Brown, owned by...
TECO Energy Reports First-Quarter Results
TAMPA, Fla.-(Business Wire)-April 29, 2008 - TECO Energy, Inc. (NYSE:TE) today reported first-quarter net income of $30.8 million or $0.15 per share, compared to $72.8 million, or $0.35 per share, in the first quarter of 2007. First-quarter 2008 non-GAAP results from continuing operations, excluding...
Panama Canal and Virginia Port Authority Reaffirm Strategic Alliance
Partnership Will Increase Trade, Facilitate Information Sharing and Promote the "All-Water-Route" Virginia Ports Prepared for Canal Expansion PANAMA CITY, April 29 PRNewswire-USNewswire — In a strategic move, the Panama Canal Authority (ACP) and the Virginia Port Authority (VPA...
Holland America Line and the Port of Seattle Partner to Help Area Charities
SEATTLE, April 29 PRNewswire — Holland America Line and the Port of Seattle have announced Ship to Shelter, an innovative new community-giving program that is the first of its kind in the nation. Holland America Line will collect valuable and reusable goods from their ships sailing...
Superior Energy Services Purchases 50% Interest in Four Newbuild 265-ft. Class Liftboats
HARVEY, La., April 29 PRNewswire-FirstCall — Superior Energy Services, Inc. (NYSE: SPN) ("the Company") announced today that it has purchased a 50% interest in two, 265-ft. class liftboats from Moreno Energy, Inc. ("Moreno Energy"). The Company and Moreno Energy have also entered into...
Corporation Pleads Guilty to Ocean Discharge Violations
Largest Criminal Penalty in Northwest History for Concealing Deliberate Vessel Pollution National Navigation Company Will Pay $7.25 Million in Penalties WASHINGTON, April 29 PRNewswire-USNewswire — The National Navigation Company (NNC) pleaded guilty and was sentenced today in U.S...
Great Lakes Dredge & Dock Corporation Schedules Announcement for 2008 First Quarter Results
OAK BROOK, Ill.-(Business Wire)-April 29, 2008 - Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today announced that it will release its financial results for the quarter ended March 31, 2008 on Tuesday, May 6, 2008 at 7:00 a.m. C.D.T. A conference call with the Company will be held the...
MOP ENVIRONMENTAL SOLUTIONS, INC., ''A GREEN ENVIRONMENTAL COMPANY in the HIGHEST SENSE''
BATH, N.H.-(Business Wire)-April 29, 2008 - MOP ENVIRONMENTAL SOLUTIONS, INC. (PINK SHEETS: MOPN) "A Green Environmental Company in the highest sense," as described by company CEO Charles Diamond. "We use water power and recycled waste to make the very best product there is to pick up and recover...
Wind River Powers New Generation of Periscope on Royal Navy's Next-Generation Astute Class Submarines
LONDON-(Business Wire)-April 29, 2008 - Royal Navy's new Astute-class submarines will be using Thales UK's non-hull penetrating, optronic mast. The state-of-the-art electro-optic system will allow greater flexibility in boat design and provide improved surface visibility without giving away the...
Holland America Line Makes Two Key Appointments
SEATTLE, April 29 PRNewswire — Brendan Vierra has been named Vice President, Human Resources for Holland America Line and Tim Murphy has been named to succeed Vierra as Vice President, Guest Programs. Vierra will now be responsible for providing overall direction, guidance and...
Federal-Mogul Corporation Agrees to Distribute MOOG(R) and Wagner(R) ThermoQuiet(R) Premium Branded Products Through Advance Auto Parts
SOUTHFIELD, Mich.-(Business Wire)-April 29, 2008 - Federal-Mogul Corporation (NASDAQ: FDML) announced that it has reached an agreement with Advance Auto Parts, Inc. to place its premium MOOG(R) steering and suspension parts and Wagner(R) ThermoQuiet(R) brake pads in more than 3,200 Advance Auto...
Byers Appointed Senior Vice President of Global Human Resources for Carnival Corporation & plc
MIAMI, April 29 PRNewswire-FirstCall — Wayne Byers, a longtime veteran of the cruise industry, has been named senior vice president of global human resources for Miami-based Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK). In this newly created position, Byers will be...
Vopak and First Reserve Corporation Announce Completion of BORCO Oil Storage Terminal Acquisition
LONDON and ROTTERDAM, Netherlands, April 29 PRNewswire — Vopak and First Reserve Corporation today announced the completion of the acquisition of the Bahamas Oil Refining Company (BORCO) oil storage terminal in Freeport, Bahamas. The equity value of the new company amounted to $550...
Fodor's Complete Guide to European Cruising Designates Carnival Cruise Lines as 'Best Of Cruising' in Nine Categories
MIAMI, April 29 PRNewswire-FirstCall — Carnival Cruise Lines — a relative newcomer in European cruising, entering the market just three years ago — is well represented in the recently published Fodor's Complete Guide to European Cruises, garnering nine "Best of Cruising...
London - 9th May 2008 - HMS Belfast Russia-Britain VE Day Celebration on the Thames to Commemorate the Britain-Russia Alliance in the Arctic Convoys 1941-1945
LONDON-(Business Wire)-April 29, 2008 - A big day for the veterans of both nations. Russian veterans of the Arctic Convoy from the north Russian town of Archangelsk and British veterans of the Arctic Convoy from the Royal and Merchant Navy will celebrate their VE Day together in London. In an...
Celebrity Cruises' Celebrity Galaxy to Become First Ship in New TUI Cruises Fleet
MIAMI, April 29 PRNewswire-FirstCall — Celebrity Cruises' Celebrity Galaxy will become the first ship of TUI Cruises, a new cruise brand established through a joint venture between Royal Caribbean Cruises Ltd. and TUI AG. "Celebrity Galaxy has been a treasured member of our family of...
Lamor Acquires Ballast Water Treatment Manufacturer Hyde Marine, Inc
Lamor Prevents the Spreading of Aquatic Nuisance Species Lamor Group, a world leader in oil spill response and environmental technologies with headquarters in Finland, expanded its business operations to new fields of environmental technology by acquiring full ownership of American ballast water...
H. Clay Bassett, Jr. Joins Navigators as Chief Underwriting Officer
NEW YORK-(Business Wire)-April 28, 2008 - The Navigators Group, Inc. (NASDAQ:NAVG) today announced that it has appointed H. Clay Bassett, Jr. as Senior Vice President and Chief Underwriting Officer of the Company. He will be located in the Company's executive office in Rye Brook, New York and report...
Navigators Announces Retirement of Paul J. Malvasio as Chief Financial Officer
NEW YORK-(Business Wire)-April 28, 2008 - The Navigators Group, Inc. (NASDAQ:NAVG) today announced that Paul J. Malvasio will retire, effective August 15, 2008, as Executive Vice President and Chief Financial Officer of the Company. Mr. Malvasio has served as the Company's Chief Financial Officer...
KCS Subsidiary Achieves Responsible Care(R) Management System Certification
KANSAS CITY, Mo.-(Business Wire)-April 28, 2008 - Kansas City Southern (KCS) (NYSE: KSU) today announced that its primary U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), has achieved Responsible Care(R) Management System (RCMS) certification. On behalf of KCSR, general director...
Double Hull Tankers to Offer Common Shares
ST. HELIER, Channel Islands-(Business Wire)-April 28, 2008 - Double Hull Tankers, Inc. (NYSE:DHT) announced today that it plans to offer approximately 7,000,000 common shares in a registered public offering, subject to market conditions. In connection with the offering, the company expects to...
Navigators Reports First Quarter Earnings Up 18%
NEW YORK-(Business Wire)-April 28, 2008 - The Navigators Group, Inc. (NASDAQ:NAVG) reported net income of $23,250,000 or $1.36 per share for the 2008 first quarter compared to net income of $19,672,000 or $1.17 per share for the 2007 first quarter. The 2008 first quarter results include a net...
Pilot Freight Services' Announces Q1 Financial Results
LIMA, Pa.-(Business Wire)-April 28, 2008 - Pilot Freight Services, a worldwide provider of transportation and logistics services, today announced financial results for the quarter ending Mar. 31, 2008. Nationwide, Pilot reported quarterly revenue of $82.5 million, up 4.6% from the first quarter of...
Aegean Marine Petroleum Network Inc. Takes Delivery of Bunkering Tanker Newbuilding
PIRAEUS, Greece, April 28 PRNewswire-FirstCall — Aegean Marine Petroleum Network Inc. (NYSE: ANW), an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that it has taken...
Active and Retired Military Personnel Can Book up to Three 'Fun Ship' Staterooms at Special Rates During Month of May
MIAMI, April 28 PRNewswire-FirstCall — In honor of Memorial Day, Carnival Cruise Lines is offering active and retired military personnel an opportunity to book up to three "Fun Ship" staterooms for themselves and their friends and family members at special discounted rates. The new...
Holland America Line Plans Exciting New Cruises and Ports in 2009
SEATTLE, April 28 PRNewswire — Holland America Line, the world's leading premium cruise line, has announced its 2009 global deployment which includes nearly 500 cruises that visit all seven continents and more than 320 ports of call. A highlight of the 2009 plan will take place in...
Rand Logistics Hosts Annual Analyst and Investor Day
NEW YORK-(Business Wire)-April 28, 2008 - Rand Logistics Inc. (Nasdaq: RLOG; RLOGW; RLOGU) ("Rand") today announced that it is hosting its annual analyst and investor day in Sarnia, Ontario, and Port Huron, Michigan. The event will consist of a management-guided tour of the Saginaw, one of Rand's...
Supply Chain Fraud Risks Are Increasing Due to Global Growth and Outsourcing, Kroll Report Reveals
NEW YORK-(Business Wire)-April 28, 2008 - As companies expand globally, outsource business operations and add new IT systems, they become more vulnerable to fraud, according to a report from Kroll, the world's leading risk consulting company. The latest Kroll Global Fraud Report highlights the...
Identification Technology Partners, Inc. Receives DHS Small Business Achievement Award for Outstanding Performance
NORTH POTOMAC, Md.-(Business Wire)-April 28, 2008 - Identification Technology Partners, Inc. (IDTP) announced that it was selected by the Department of Homeland Security to receive a Small Business Achievement Award at their 4th Annual Small Business Awards Ceremony. IDTP was nominated for the award...
Seaboard Marine Selects ATTUS Technologies for Compliance
CHARLOTTE, N.C., April 28 PRNewswire — Seaboard Marine, a leading shipping company, has selected ATTUS Technologies' WatchDOG Pro(TM) compliance solution to address the regulatory requirements of the Department of Treasury's Office of Foreign Assets Control. All U.S. firms are...
Conference Call to Announce Q1 2008 Financial Results for Ambassadors International, Inc. (Nasdaq: AMIE)
NEWPORT BEACH, Calif., April 25 PRNewswire-FirstCall — Date: Tuesday, May 6, 2008 at 11:30 a.m. Eastern Time Dial In #: (866) 632-2359 Password: ANALYST Please dial in 10 minutes prior to the scheduled start time. The Conference Administrator will greet you and ask for your name and...
Department of Commerce's State Office in Shanghai Recognized at the 2007 ``Chinese Enterprises Going Global'' National Contribution Award Appraisal Event
COLUMBIA, S.C.-(Business Wire)-April 25, 2008 - The South Carolina Department of Commerce's state office in Shanghai, China was recognized as one of three foreign economic development and investment agencies for efforts in assisting Chinese companies in investing abroad. South Carolina's state...
GATX Announces Quarterly Dividend
CHICAGO-(Business Wire)-April 25, 2008 - The board of directors of GATX Corporation (NYSE:GMT) today declared a quarterly dividend of $0.27 per common share, payable June 30, 2008, to shareholders of record on June 13, 2008. The board also declared a quarterly dividend of $0.625 per share on the...
Shipbuilder Selects IFS Applications for Increased Visibility of Costs and Inventory
SCHAUMBURG, Ill. & MOBILE, Ala.-(Business Wire)-April 25, 2008 - IFS, the global enterprise applications company, announced today that Austal USA has chosen to implement IFS Applications to support its growing ship manufacturing business. Austal USA, located in Mobile, Ala., manufactures...
American Commercial Lines Inc. Announces Earnings Release Date
JEFFERSONVILLE, Ind., April 25 PRNewswire-FirstCall — American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") will conduct a conference call to review and discuss its first quarter 2008 financial results on Wednesday, May 7, 2008, at 10:00 a.m. Eastern time. ACL is...
Carnival Amends Senior Convertible Debentures Due 2033
MIAMI, April 25 PRNewswire-FirstCall — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced today that Carnival Corporation (the "Company") has amended the terms of its Senior Convertible Debentures due 2033 (the "Debentures"). The amendments are for the benefit of...
Revised Articles of Association as Approved at the AGM on 22.04.08 and Registered in the Danish Commerce and Companies Agency
Articles of Association of A/S Dampskibsselskabet TORM Article 1 1.1. The Company's name is Aktieselskabet Dampskibsselskabet TORM. 1.2. The Company also carries out business under the secondary names Aktieselskabet af 3. November 1986 (A/S Dampskibsselskabet TORM) and BWT 3 ApS (A/S...
TORM: Sale of One Bulk Vessel and Increased Expectations of USD 250-270 Million
HELLERUP, Denmark, April 25 PRNewswire-FirstCall — TORM has entered into an agreement to sell the Panamax bulk carrier TORM Marlene (built in 1997). The vessel has been sold for a total consideration of USD 70 million and is expected to be delivered in May 2008.As a result of the...
Horizon Lines Reports First Quarter 2008 Results
CHARLOTTE, N.C., April 25 PRNewswire-FirstCall — Horizon Lines, Inc. (NYSE: HRZ), today reported results for the first quarter ended March 23, 2008. Net income for the first quarter of 2008 was $2.1 million or $.07 per diluted share. This compares to net income for the first quarter...
MUCC Applauds Passage of Ballast Water Legislation
LANSING, Mich., April 24 PRNewswire — The U.S. House of Representatives today passed crucial federal legislation that will regulate ballast water rules for ocean-going vessels in the Great Lakes. This was Congress' first major step in protecting the Great Lakes from aquatic invasive...
Senate Committee Passes Legislation That Would Help Protect Endangered North Atlantic Right Whales
WASHINGTON, April 24 PRNewswire-USNewswire — The International Fund for Animal Welfare (IFAW) praised the Senate Commerce, Science, and Transportation Committee for passing legislation establishing speed limits on ships to reduce the number of deadly collisions between North Atlantic...
Boston Symphony Chamber Players to Perform Aboard Queen Mary 2
SOUTHAMPTON, England, April 24 PRNewswire - The Boston Symphony Chamber Players, one of the world's most distinguished chamber music ensembles, will perform on Queen Mary 2's eastbound Transatlantic Crossing departing New York on September 4. Cunard Line, the "Official Cruise Line" of the...
OSG America L.P. Declares Distribution
TAMPA, Fla.-(Business Wire)-April 24, 2008 - OSG America, L.P. (NYSE: OSP) today reported that the Board of Directors of its general partner has declared a distribution of $0.375 per unit for the period January 1, 2008 to March 31, 2008. The distribution is payable on May 14, 2008 to unit holders of...
Nicor Announces Earnings Conference Call Thursday, May 1, 2008 at 9:30 a.m. EST (8:30 a.m. CT)
NAPERVILLE, Ill.-(Business Wire)-April 24, 2008 - Nicor Inc. (NYSE:GAS) announced today that it is holding a conference call to discuss its first quarter 2008 financial results and 2008 outlook. The conference call will be held on Thursday, May 1, 2008 at 8:30 a.m. central, 9:30 a.m. eastern time...
IFS: Lean IT benefits both commercial and naval shipbuilders
SEATTLE-(Business Wire)-April 24, 2008 - A senior business consultant from IFS, the global enterprise applications company, presented yesterday to a Joint Panel Meeting of the National Shipbuilding Research Program (NSRP) in Seattle, Wash., stressing that while government mandates are forcing...
GATX Corporation Reports 2008 First Quarter Results
CHICAGO-(Business Wire)-April 24, 2008 - GATX Corporation (NYSE:GMT) today reported 2008 first quarter results. In the 2008 first quarter, income from continuing operations was $52.2 million or $1.03 per diluted share, compared with income from continuing operations of $37.0 million or $.65 per...
KCS First Quarter 2008 Revenues, Operating Income and Operating Ratio Improve; EPS up 86% over Prior Year
KANSAS CITY, Mo.-(Business Wire)-April 24, 2008 - Kansas City Southern (KCS) (NYSE:KSU) recorded first quarter 2008 revenues of $450.6 million, a 9.6% increase over first quarter 2007. The revenue growth was attributable to a continued strong pricing environment and carload/unit growth in some of...
A&B Board of Directors Raises Dividend 10 Cents
HONOLULU-(Business Wire)-April 24, 2008 - The Board of Directors of Alexander & Baldwin, Inc. (NASDAQ:ALEX) today announced an 8.6 percent increase in its second-quarter 2008 dividend to 31.5 cents per share, from the previous rate of 29 cents per share. "Alexander & Baldwin (A&B) has an...
MarineMax to Broadcast Review of Second Quarter Fiscal 2008 Results over the Internet
CLEARWATER, Fla.-(Business Wire)-April 24, 2008 - MarineMax, Inc. (NYSE: HZO), the nation's largest recreational boat retailer, today announced that the Company will hold a conference call to review its second quarter fiscal 2008 results on Thursday, May 1, 2008, at 10:00 a.m. Eastern Time. During...
American Commercial Lines Named to EPA's National Environmental Performance Track Program
JEFFERSONVILLE, Ind., April 24 PRNewswire-FirstCall — American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") announced today that its Transportation Services Division has been named as one of 42 new members of the United States Environmental Protection Agency's (EPA...
Rising Lake Levels Attract Georgia's Largest International Boat Show
ATLANTA, April 24 PRNewswire — Recent rainfall in Hall County, GA has brought good news to the area's boating enthusiasts and has also put Lake Lanier on the radar of The Georgia International Boat Show. With almost six inches of rainfall in March, the lake level has risen nearly 3 feet...
TOP Ships Issues 7.3 Million Shares in Private Placement
ATHENS, Greece, April 24 PRNewswire-FirstCall — TOP Ships Inc. (Nasdaq: TOPS), announced today that it has privately placed 7.3 million common unregistered shares for aggregate gross proceeds of $51 million with various investors. The 7.3 million shares were sold for $7.00 per share...
Federal-Mogul Corporation Lists Class A Common Stock on NASDAQ
SOUTHFIELD, Mich.-(Business Wire)-April 23, 2008 - Federal-Mogul Corporation (NASDAQ: FDML) announced today its Class A Common Stock was listed on the NASDAQ Global Market and is trading under the ticker symbol "FDML." President and Chief Executive Officer Jose Maria Alapont and a representative...
Kirby Corporation Announces Record 2008 First Quarter Results
HOUSTON, April 23 PRNewswire-FirstCall — Kirby Corporation ("Kirby") (NYSE: KEX) today announced record net earnings for the first quarter ended March 31, 2008 of $36.6 million, or $.68 per share, compared with net earnings of $24.4 million, or $.46 per share, for the 2007 first...
Luna Awarded Shape Sensing in Underwater Arrays
ROANOKE, Va.-(Business Wire)-April 23, 2008 - Luna Innovations Incorporated (NASDAQ: LUNA) announces the award of a contract to adapt its shape sensing technology for use in surveillance sensor arrays being developed as part of the Navy's new Deployable Autonomous Distributed System (DADS). This...
Press Release from AGM Concordia Maritime AB (publ)
GOTHENBURG, Sweden-(Business Wire)-April 23, 2008 - Regulatory News: At the Annual General Meeting of Concordia Maritime AB (STO:CCORB) held on 22 April, 2008, Dan Sten Olsson was re-elected as Chairman of the Board together with Per Bjurstrom, Stefan Brocker, Bert Ake Eriksson, C. Mikael von...
UPS Releases 1st Quarter Results
ATLANTA-(Business Wire)-April 23, 2008 - UPS (NYSE:UPS) today reported increased revenue in all segments with double-digit gains in both international package and supply chain and freight operations. A sharp decline in U.S. economic activity, however, led to a 9.4% drop in diluted earnings per share...
Holland America Line Offers 70 Europe Cruises in 2009
SEATTLE, April 23 PRNewswire — In 2009, Holland America Line is offering its most diverse and extensive European program ever. Six of the fleet's ships, including the soon-to-be-launched ms Eurodam, will cruise to 166 ports of call on 70 itineraries throughout the season. Sailing from...
CACI Awarded Contract to Provide Professional Services to Department of Navy Chief Information Officer
ARLINGTON, Va., April 23 PRNewswire-FirstCall — CACI International Inc (NYSE: CAI) announced today that it has been awarded an indefinite delivery/indefinite quantity (IDIQ) type contract with an estimated value of $82.8 million to continue its support for the Department of Navy Chief...
First Ship Lease Trust to Distribute US$12.95 Million to Unitholders for 1Q FY08
SINGAPORE, April 23 Xinhua-PRNewswire — FSL Trust Management Pte Ltd ("FSLTM"), Trustee-Manager of First Ship Lease Trust ("FSL Trust"), today announced a total distribution of US$12.95 million to unitholders of FSL Trust for the quarter ended 31 March 2008 ("1Q FY08"). This represents...
Marine Products Corporation Reports First Quarter 2008 Financial Results
ATLANTA, April 23 PRNewswire-FirstCall — Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2008. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by...
Marine Products Corporation Announces Regular Quarterly Cash Dividend
ATLANTA, April 23 PRNewswire-FirstCall — The Marine Products Corporation (NYSE: MPX) Board of Directors declared a regular quarterly cash dividend of $0.065 per share payable June 10, 2008 to common shareholders of record at the close of business on May 9, 2008. Marine Products is a...
Textainer Group Holdings Limited Announces New Five-Year Credit Agreement
HAMILTON, Bermuda-(Business Wire)-April 23, 2008 - Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, today announced that Textainer Limited, which is a wholly-owned subsidiary of the Company, entered...
OSG America L.P. Announces Dates for First Quarter 2008 Earnings Release and Teleconference
TAMPA, Fla.-(Business Wire)-April 22, 2008 - OSG America L.P. (OSG America or the Partnership) (NYSE: OSP), the largest operator of U.S. Flag vessels transporting refined petroleum products based on barrel-carrying capacity, announced today that it plans to release its first quarter fiscal 2008...
Overseas Shipholding Group Announces Dates for First Quarter 2008 Earnings Release and Teleconference
NEW YORK-(Business Wire)-April 22, 2008 - Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader in providing energy transportation services, today announced that it plans to release first quarter fiscal 2008 earnings results after market close on Tuesday, April 29, 2008 and will host a...
C.H. Robinson Reports First Quarter Results
MINNEAPOLIS-(Business Wire)-April 22, 2008 - C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (NASDAQ: CHRW), today reported financial results for the quarter ended March 31, 2008. Summarized financial results for the quarter ended March 31 are as follows (dollars in thousands, except per share...
PortVision Now Supports Long Range Tracking of Vessels at Sea
HOUSTON-(Business Wire)-April 22, 2008 - PortVision(R), a leading provider of information solutions for the maritime industry, announced today the release of PV-Onboard Global(TM), a value-added service allowing PortVision users to integrate long-range vessel tracking (LRIT) directly within the...
Interim Report Concordia Maritime (Publ) 1 January - 31 March 2008
STOCKHOLM, Sweden-(Business Wire)-April 22, 2008 - Regulatory News: Concordia Maritime (STO:CCORB): — Net sales: SEK 132.7 (118.1) million — Profit after tax: SEK 20.4 million (5.2) million — Profit per share after tax: SEK 0.43 (0.11) — EBITDA of USD 6.6 (2.0) million...
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