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Lundh’s chemical coup
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Horizon Shipbuilding scores
US yard group Horizon Shipbuilding has emerged as the winner in a fight to seal an $8.7m order inked by the US military.
Alabama-based Horizon says the Mississippi division of the Army Corp of Engineers is behind the contract for the construction of a 140-ft inland river towboat.
While 18 rival US shipyards were offered a piece of the action, officials at the US Department of Defence say only eight shipbuilders submitted bids.
When the vessel hits the water in the first-quarter of 2012, the ship is expected to perform towing services in the US districts of Memphis, Little Rock and Vicksburg.
Bayou La Batre-based Horizon builds offshore support vessels, tugs, barges, yachts and various types of military craft.
Latest News
RLOG on the up
Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.
Full circle for finance man
Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.
Iran facing shipping squeeze
Trade dwindling as Maersk and Hapag-Lloyd among those pulling out due to US and EU sanctions.
Strike three for Saverys
Shipowner Marc Saverys continues to sell off stock in shipbroker Clarksons.
DSX plays down Daelim drama
Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.
Tough end for ASL Marine
Singapore-listed offshore company sees revenue and earnings sliced by a quarter in the final period of 2011.
Dividend chop just the start
Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.
Peel plots post-panamax port
Port of Liverpool owner ready to spend £250m on new containership facility at Seaforth.
Seabird swoops on contract
Oslo-listed seismic outfit eases financial troubles with award of $13m deal.
GE earnings cut
Weaker bulker markets in third quarter sees Indian owner's profit chopped, but tankers improve.
BLT has some backing
Creditors are being supportive of Indonesian owner’s restructuring efforts, says Kevin Wong.
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