News

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  Sweden: Concordia Maritime Takes Delivery of Product Tanker Stena Premium

  Concordia Maritime has taken delivery of the product tanker Stena Premium, which will soon enter into a 3-year charter contract with Glencore subsidiary ST Shipping.

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  FreeSeas Announces Extension and Reduction of Exercise Price of Class Z Warrants

  FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced yesterday that it is extending

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  Euroseas Ltd., an owner and operator of drybulk carriers and container vessels

  Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced yesterday that a subsidiary of the Company has entered into time charter agreement

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  Daewoo Shipbuilding & Marine Engineering (DSME)

  In the world's shipbuilding market including European and American markets that sustain the world's largest economy, the vessels built by DSME are appreciated as "ships of the finest quality" in the world. Major oil

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  MV Yuan Xiang Released by Pirates

  Earlier this week, EU NAVFOR confirmed that on 8 May the MV Yuan Xiang had been released from pirate

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  Maersk N. American HQ welcomes HRH The Prince Consort of Demark

  HRH The Prince Consort of Denmark visited the North American headquarters of Maersk in Madison, NJ, today. The Prince Consort met with Chairman and CEO of Maersk Inc. J. Russell Bruner, Chief Financial Officer Maersk

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  Jyrki Laurikainen appointed Facility Director

  Mr Jyrki Laurikainen has been appointed Facility Director in Wärtsilä Corporation as of March 1, 2011. Mr Laurikainen will report to Raimo Lind, Executive Vice President & CFO.

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  Wartsila at CIS Railway Council exhibition

  Wärtsilä attends the CIS Railway Council meeting exhibition at the Finlandia Hall in Helsinki 18-19 May 2011. In addition to Wärtsilä, VR Group (the Finnish railway company),

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  Residential area construction work at Wärtsilä’s former yard in Turku started

  The construction work at the old Wärtsilä yard by the river of Aura in Turku has started. A new residential area will be built in the grounds that Wärtsilä Corporation owns.