If your looking in to investing in Shipping stocks a good article been written on the subject by The Motley Fool . The article describes the General Maritime company but the principles applies for any shipping company in the stock exchange.
FAIRFAX, Va.–(BUSINESS WIRE)–ExxonMobil announced today it has completed commissioning of new units to produce ultra low sulfur diesel at its Baytown, Texas and Baton Rouge, LA refineries. This will enable ExxonMobil to increase the supply of ultra low sulfur diesel by over 3 million gallons a day from the refineries, and allow for reduced emissions from diesel consumption when used in modern engines.
Following the successful launch of Norwegian Epic, the Company s largest and most innovative ship to date, Norwegian Cruise Line announced today that it has reached an agreement with MEYER WERFT GMBH of Germany to build two new next generation Freestyle Cruising ships for delivery in spring 2013 and spring 2014, respectively.
Germanischer Lloyd changed its legal form from a German stock corporation (“AG”) into a European company “Societas Europaea (SE)”.
Mr Erik van der Noordaa (49) has been appointed Chairman of the Executive Board of Germanischer Lloyd SE with effect on 1 December 2010.
Farstad Shipping has been awarded with a charter contract of total value of approximately NOK 335 million for a 5 year firm period.
STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The ship price will be about 240 million euros, and will be built at Turku shipyard for delivery in the beginning of 2013.
The three-and-a-half-hour drill began at 1 p.m. Friday, October 22. The intent of the exercise was to strengthen the foundation of corporate social responsibility laid out in the MOL Group Corporate Principles
On October 21, the European Commission set out concrete steps to enhance the effectiveness and cost efficiency of surveilling European Seas.
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