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Finance

Tognum's Revenues Up in Latest Financial Report

Propulsion & power providers Tognum confirm 2012 forecast in financial report ended 30, September. Highlights: • Solid order intake at €2,296.3 million in the first nine months • Revenues increase to €2,092.7 million •…

Shipbuilding

Korean Shipbuilders Vexed by Cancelled Orders

Some owners are cancelling as they lack funds to complete the purchase of the ship. Many of the orders are being cancelled after the ships have been built, as the buyers find they can't pay for the product amid worsening…

People & Company News

Wärtsilä Interim Financial Report

Wärtsilä Corporation report January to September 2012 indicates growth in orders & net sales despite tough markets. Highlights of the review period Jan – Sept 2012. Order intake increased 10% to EUR 3,583 million (3,267)…

Legal

Greek Shipowners Costamare Public Stock Offering

Owners of container ships for chartering, Costamare Inc., plans to offer 7,000,000 shares of its common stock. Members of the Konstantakopoulos family, who in the aggregate own a majority of the common stock of the…