Dorian LPG Board Declines BW LPG'S Unsolicited Proposal

Dorian LPG Board Declines BW LPG'S Unsolicited Proposal

Dorian LPG Ltd. (NYSE: LPG) (Dorian) Friday announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from BW LPG Ltd. (OB: BWLPG) (BW LPG) to combine with Dorian in a …
Jun 18, 2018 /  Finance
Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This follows all …
Jun 15, 2018 /  Finance
U.S. Army Corps of Engineers Awards $16.23 Million for Port Canaveral

U.S. Army Corps of Engineers Awards $16.23 Million for Port Canaveral

The Canaveral Harbor and Canaveral Sand Bypass projects will receive priority funding in the U.S. Army Corps of Engineers Fiscal Year 2018 Workplan. The Corps has allocated $14,760,000 to the Canaveral Harbor Sand Bypass …
Jun 13, 2018 /  Finance
Long-term investment of NOK 300Mln strengthens Kleven for further growth

Long-term investment of NOK 300Mln strengthens Kleven for further growth

Investors bringing in NOK 300 million in new funds to the company Hurtigruten and its owners, Petter A. Stordalen and TDR, will be the largest partner in the newly established company, with a 40% share. Of its current …
Jun 12, 2018 /  Finance
Charleston Harbor Deepening Project Receives $49 Million Federal Funding

Charleston Harbor Deepening Project Receives $49 Million Federal Funding

Progress of the Charleston Harbor Deepening Project to 52 feet remains on track with $49 million awarded in the USACE FY18 Work Plan. Yesterday the U.S. Army Corps of Engineers (USACE) announced $49 million for the …
Jun 12, 2018 /  Finance
Scorpio Bulkers Inc. Announces a Commitment for a New Loan Facility

Scorpio Bulkers Inc. Announces a Commitment for a New Loan Facility

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that the Company has received a commitment for a loan facility of up to $30.0 million from ING Bank N.V.  to refinance two of the Company’s …
Jun 11, 2018 /  Finance
Star Bulk Carriers Corp. Announces Songa Shareholders Approval of Vessel Acquisition

Star Bulk Carriers Corp. Announces Songa Shareholders Approval of Vessel Acquisition

Star Bulk Carriers Corp. (Star Bulk) (Nasdaq:SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced Friday that Songa Bulk ASA (Songa) has informed the Company that 99.73% of the …
Jun 11, 2018 /  Finance
Algoma Central Corporation Announces New NovaAlgoma Cement Carriers Limited Investment

Algoma Central Corporation Announces New NovaAlgoma Cement Carriers Limited Investment

Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, yesterday announced that NovaAlgoma Cement Carriers Limited (NACC), has acquired a 25% ownership interest in JT Cement …
Jun 5, 2018 /  Finance
South Carolina Ports Posts Fiscal Year Growth

South Carolina Ports Posts Fiscal Year Growth

South Carolina Ports Authority’s fiscal year-to-date volumes are nearly 2 percent higher than last year, with record-breaking container volumes handled in April. Caption: SC Ports is purchasing 26 new …
May 31, 2018 /  Finance
Sovcomflot to provide technical supervision for the construction of Rosneft’s new LNG-fuelled tankers

Sovcomflot to provide technical supervision for the construction of Rosneft’s new LNG-fuelled tankers

At the St. Petersburg International Economic Forum Friday, Sovcomflot (SCF Group) and Rosnefteflot signed an agreement whereby SCF’s specialists will provide technical supervision during the construction of …
May 28, 2018 /  Finance