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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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    Workshop topics and panels announced for the Caribbean’s largest cruise tourism conference and trade show—including a record 10 chairmen, presidents and/or CEOs from FCCA Member Lines—with a focus on developing mutual understanding and success between cruise lines and stakeholders

    MIRAMAR, Fla., Oct. 09, 2018 (GLOBE NEWSWIRE) -- Cruise tourism stakeholders are one step closer to a glimpse of the industry’s inner workings, as workshop topics and panels have been finalized for the FCCA Cruise Conference & Trade Show, the largest and only official cruise conference and trade show in the Caribbean, taking place in San Juan, Puerto Rico this November 5-9. Led by some of the 150 cruise industry decision-makers expected for the event who represent 95 percent of global ocean cruising capacity, along with high-level government representatives, the workshops will focus on key elements to foster long-standing mutual success between cruise lines and destination stakeholders. Plus, for the first time in the event’s 25-year history, chairmen of cruise lines and corporations will take the helm, with presidents and CEOs steering a separate workshop, to present both unique perspectives and an all-encompassing view of the industry.

    “We could not be prouder to announce the workshops this year because they show the industry’s commitment to doing business with our partners in the Caribbean and Latin America,” said Michele Paige, president, FCCA. “From the ultimate decision-makers to high-level executives that determine where ships call, what sells on board and how to invest in destinations and products, the cruise industry will truly be on hand – and focused on maximizing synergies and potential opportunities with the audience.”

    The participating chairmen of FCCA Member Lines—Micky Arison, chairman, Carnival Corporation & plc; Richard Fain, chairman and CEO, Royal Caribbean Cruises Ltd.; and Pierfrancesco Vago, executive chairman, MSC Cruises—will take the wheel following the opening ceremony on the morning of Tuesday, November 6. During their *“Chair Talk,”* they will shine the spotlight on trends and developments driving the industry’s record success and future growth, along with how it all relates to specific topics, and can grow business, for the stakeholders in attendance.

    Presidents and CEOs will then take the stage later that afternoon. Michael Bayley, president and CEO, Royal Caribbean International; Arnold Donald, president and CEO, Carnival Corporation & plc; Christine Duffy, president, Carnival Cruise Line; Jason Montague, president and CEO, Regent Seven Seas Cruises; and Andrew Stuart, president and CEO, Norwegian Cruise Line, will join the moderator and FCCA president, Michele Paige. They will deliver the *“Presidential Address,”* discussing some of the differentiations and innovations driving the unique cruise brands that are going all in to stand out and appeal to their target markets both on board and on land – and how and why working together with destinations and stakeholders leads to benefits for all.

    High-level executives representing numerous sectors throughout the industry will get the floor on Wednesday, November 7. Carlos Torres de Navarra, vice president, global port and destination development, Carnival Corporation & plc, will moderate *"Creating Great Destinations: From Demand to Experiences, Ports to Tours"* with a panel including Russell Benford, vice president, government relations, Americas, Royal Caribbean Cruises Ltd.; Russell Daya, executive director, marine and port operations, port developments and itinerary planning, Disney Cruise Line; Albino Di Lorenzo, vice president, cruise operations, MSC Cruises USA; Chrstine Manjencic, vice president, destination service operations, Norwegian Cruise Line Holdings Ltd.; and Matthew Sams, vice president, Caribbean relations and private islands, Holland America Group. They will share what draws passengers to destinations and creates unforgettable memories once there, revealing how to increase both demand and guest satisfaction from an overarching destination level to individual port, tour and transportation options.

    The final workshop will take place on Thursday, November 8 and gather top representatives from both the cruise line and destination sides, including Adam Goldstein, vice chairman, Royal Caribbean Cruises Ltd., and chairman, FCCA; Richard Sasso, chairman, MSC Cruises USA; Giora Israel, senior vice president, global port development, Carnival Corporation & plc; Hon. Allen Chastanet, prime minister, Saint Lucia, and chairman, Organisation of Eastern Caribbean States (OECS); and Beverly Nicholson-Doty, commissioner of tourism, United States Virgin Islands. In *“Investing in Your Future,”* they will review ways in which both parties are preparing for their long-term futures, and how those plans often involve partnership with each other, from port and destination developments, new attractions and even agreements preserving natural elements, to business continuity, emergency plans and best practices.

    Overall, the event will help attendees learn about the cruise industry and how to maximize its benefits during an agenda balancing business sessions with networking, promoting and exhibiting opportunities, including the workshops along with available preset one-on-one meetings between Delegates and cruise executives, evening functions and even tours to help develop relationships and show some of Puerto Rico’s enchantment and local flavor, and a Trade Show featuring exclusive executive viewings and special events to drive participation from attendees and executives.

    “I look forward to interacting with cruise tourism's key stakeholders at the FCCA Cruise Conference & Trade Show,” said Goldstein. “This is a valuable opportunity for regional destinations and operators to learn how they are being affected by and can take advantage of the industry’s latest developments.”

    For more information and registration, please visit www.F-CCA.com/Conference.

    *About the Florida-Caribbean Cruise Association (FCCA)
    *Created in 1972, the FCCA is a not-for-profit trade organization that provides a forum for discussion on tourism development, ports, safety, security, and other cruise industry issues and builds bilateral relationships with destinations’ private and public sectors. By fostering an understanding of the cruise industry and its operating practices, the FCCA works with governments, ports and private sector representatives to maximize cruise passenger, crew and cruise line spending, as well as enhance the destination experience and increase the amount of cruise passengers returning as stay-over visitors. For more information, visit F-CCA.com and @FCCAupdates on Facebook and Twitter.

    CONTACT: MEDIA CONTACTS:   
    Mike Hicks
    Lou Hammond Group
    561-655-3836
    michaelh@louhammond.com Reported by GlobeNewswire 6 hours ago.

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    October is Fair Trade Month, Non-GMO Month & National Seafood Month

    Washington, DC, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Grocery shopping is about more than just putting food on the table. It’s a daily opportunity to create the kind of world we want to live in. This October, Fairtrade America, the Marine Stewardship Council, Non-GMO Project, and the Equitable Food Initiative invite shoppers to celebrate sustainably-produced foods.

    More than 60 percent of Americans believe businesses can be key drivers for social and environmental change, according to a study from Cone Communications. Bringing sustainably-produced goods to market is a big part of that. Americans are concerned about the planet’s future and see companies as part of the solution.

    · Sixty-six percent of shoppers are willing to pay more for sustainably-produced goods; that number jumps to 71 percent among millennials, according to Nielsen.
    · According to Globescan research, 83 percent of consumers agree seafood must be protected for future generations;
    · Nearly half of Americans avoid buying products with genetically-modified ingredients, according to a recent study from the Hartman Group.

    “Equality and fairness, good labor conditions, and clean, simple ingredients are high priorities. People want to make the right choice, not just for themselves and their families, but for farmers, workers and the planet,” said Bryan Lew, Chief Operating Officer at Fairtrade America.

    *A guide to the labels*

    Certification labels provide shoppers with a reliable shopping shortcut so they can spend less time navigating grocery store shelves and more time enjoying sustainably-produced food that’s better for all.

    “As shoppers we are often in a hurry, so much so that we might not even be aware of how quickly we make a decision. That’s where clear labeling can help,” said Rebecca Walker Reczek, professor of marketing at Ohio State University. “Without it you’d need to research each product and the time can add up.”

    Third-party certification or verification assures that an independent organization has audited and checked that a company is following set rules – whether it’s fair trade, responsible fishing, GMO avoidance or better treatment of workers.

    Everyone has a right to know what is in their food and where it comes from. Celebrate sustainably-produced food all October and throughout the year.

    Look to these certifications to guide your next shopping trip:

    · *Fairtrade* – The Fairtrade certification ensures safe and fair working conditions, prohibits child labor, and provides farmers and workers with a fairer price or better wages. Fairtrade products originate in developing and least developed countries where farmers and workers are often marginalized. *Where found*: Coffee, chocolate, bananas, sugar, avocados, tea, cotton clothing and more

    · *MSC Certified* - By choosing seafood with the MSC blue fish label you are supporting independently certified sustainable fisheries. Their good management practices help ensure fish stocks and habitats are healthy and fishing community livelihoods are secure. *Where found: *Wild caught fish and seafood, fish oil supplements, pet food

    · *Responsibly Grown, Farmworker Assured* – The EFI-certified label indicates that the workers who harvested your food are treated with respect, compensated fairly and engaged to identify problems that impact the safety of your food. *Where found: *Fresh fruits and vegetables

    · *Non-GMO Project Verified* – The Non-GMO Project Standard is North America’s most rigorous and most reliable standard for GMO avoidance, set apart by its transparency, trustworthiness, and third-party status. The only way to truly avoid consuming GMOs is to Look for the Butterfly. *Where found: *Dairy and meat products, fruit and vegetables, snack foods, vitamins and supplements, oils, and more.

    To learn more about these certifications and continue the conversation visit, www.fairtr.de/TruthBehindLabels.

    *Attachments*

    · shop-your-values-header-1
    · 180905-certification-logos-layout

    CONTACT: Kyle Freund
    Fairtrade America
    (202) 743-7997 Ext 107
    kfreund@fairtradeamerica.org Reported by GlobeNewswire 6 hours ago.

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    National retailer celebrates 10th anniversary of Toys for Tots Literacy Program, invites public to nominate non-profits that need books

    SAN DIEGO, Oct. 09, 2018 (GLOBE NEWSWIRE) -- The UPS Store, Inc. will donate $100,000 worth of books to children-focused non-profit organizations across the country to commemorate the 10^th anniversary of the Toys for Tots Literacy Program.

    The retail shipping and business services chain will give away $10,000 worth of Scholastic books to 10 schools or non-profit organizations in support of children’s literacy in low-income and disadvantaged communities. The UPS Store invites the public to nominate qualifying charitable and philanthropic groups at www.theupsstore.com/bookgiveaway now through Saturday, Dec. 15.

    The contest is now open for nominations and the selected organizations will be announced in January 2019. Nominations can be submitted online with a brief statement about how the organization will help the Toys for Tots Literacy Program meet its mission to provide books to economically disadvantaged children.

    The UPS Store will select nominees under the following criteria: (1) school/organization serves disadvantaged children, (2) school/organization has clearly defined mission and values, and (3) school/ organization demonstrates a need for youth educational resources.

    “The UPS Store believes in the tremendous role that literacy plays in setting up children for success in the future,” said Tim Davis, president of The UPS Store. “This book giveaway for ten impactful, deserving organizations is the perfect way to celebrate our 10^th year anniversary of the Toys for Tots Literacy Program.”

    The UPS Store has been the exclusive corporate supporter for the Toys for Tots Literacy Program since its inception in 2008. The UPS Store network of franchises and customers across the nation has helped raise $4.6 million for the program equating to nearly 40 million books. Every book and financial donation during the annual holiday drive benefits local children in need or the libraries, schools, and existing programs that serve them. Additionally, 100 percent of each dollar donated at The UPS Store locations is used to purchase books.

    “For a child living in poverty, if a parent has reading materials in the house and takes time to read to the child, the child’s reading proficiency and abilities will accelerate,” said retired Lt. Gen. Pete Osman, president and CEO of the Marine Toys for Tots Foundation. “Together, we have been able to distribute more than 39 million books to less fortunate children across the country. We are so grateful for our partnership with The UPS Store in making a difference in these communities that need it most.”

    Children’s illiteracy remains an issue in the United States as disparities between socioeconomic groups persist. In America, a quarter of children grow up without learning how to read and 47 percent of fourth graders from low-income families read below the basic level. Additionally, there are gaps in access to books at home as the Kids & Family Reading Report from Scholastic reported households with an income of $35,000 and under own an average of 69 children’s books, compared to 127 books in households with incomes higher than $100,000.

     “We need to get books into the hands of less fortunate children living in poverty,” said Osman. “Independent reading at home leads to major literacy increases. That’s the solution, that’s the key, and we can break this cycle of poverty. That’s what the Toys for Tots Literacy Program does.”

    To nominate an organization visit www.theupsstore.com/bookgiveaway. For more information on how to donate to the program, visit www.theupstore.com/literacy.

    *About The UPS Store*

    With approximately 5,000 locations across North America, The UPS Store® network comprises the nation’s largest franchise system of retail shipping, postal, print and business service centers. The UPS Store locations in the U.S. are independently owned and operated by licensed franchisees of The UPS Store, Inc., a subsidiary of UPS (NYSE: UPS). Services, products, pricing and hours of operation may vary by location. For additional information on The UPS Store, visit theupsstore.com.

    In 2018, The UPS Store ranked #4 overall in Entrepreneur Magazine’s Franchise 500 and #1 in the Postal & Business Centers category for the 28th consecutive year. For information on franchise opportunities for opening a The UPS Store location, visit https://www.theupsstorefranchise.com/. Follow The UPS Store on Twitter at @TheUPSStore and like The UPS Store on Facebook at facebook.com/theupsstore.

    *About the Marine Toys for Tots Foundation*

    The Marine Toys for Tots Foundation is a not-for-profit organization authorized by the U.S. Marine Corps to provide fundraising and other necessary support for the annual U.S. Marine Corps Reserve Toys for Tots Program. Now in its 71st year, Toys for Tots provides joy and a message of hope to less fortunate children through the gift of a new toy or book during the Christmas holiday season. For more information, visit www.toysfortots.org.

    CONTACT: Tracy Spahr, The UPS Store
    858-642-7968
    tspahr@upsstore.com Reported by GlobeNewswire 6 hours ago.

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    Marine creatures are in decline at popular seaside spots due to pleasure boats Studland Bay in Dorset is the only place in the country where both native species of the sea creatures - the spiny (pictured) and short-snouted varieties - have been recorded together. Reported by MailOnline 5 hours ago.

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    The Truth-o-Meter says: Half-True | Ad accuses Andy Barr of allowing payday lenders to take advantage of military familiesThe "cross-partisan" group With Honor, which formed to support military veterans running for Congress, has backed Democratic challenger and Marine veteran Amy McGrath. McGrath is running against Republican incumbent Andy Barr for the U.S. House seat in central Kentucky’s 6th Congressional District. The September ad lambastes Barr’s support of the payday lending business. The ad says that Barr has accepted campaign donations from payday lending organizations and that he would let them take advantage of service members and their families. "In Kentucky, we respect our troops, but Congressman Andy Barr would let shady payday lenders take advantage ...

    >> More Reported by PolitiFact 4 hours ago.

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    Leading yacht and brokerage dealer prepares for VIP boat show experience, new website and premium listings program.

    ANNAPOLIS, Md. (PRWEB) October 09, 2018

    Mid-Atlantic yacht and brokerage authority Annapolis Yacht Sales (AYS) will reveal this fall three key elements to deliver a superior client experience: a VIP area at the Annapolis Boat Show series, a newly designed website and a premium listings program for luxury boat sellers.

    In partnership with marine financing specialist LH-Finance, AYS invites their clients to enjoy a private VIP area complete with complimentary light fare and libations. By partnering with LH-Finance, AYS has the opportunity to have their clients get pre-qualified for marine financing, which allows them access to a luxurious experience at the boat show.

    “In addition to our VIP experience at the shows, we’ll be hosting a preview open house at our Annapolis office on September 22nd ahead of the sailboat show,” said Rob Taishoff, AYS CEO and Principal. “We’re offering our clients a sneak peek of our Beneteau and Lagoon models before the boat show crowds descend. We’ll also be giving away boat show tickets.”

    To further enhance client service, AYS will soon debut a new website designed to ensure a simple web experience for new and veteran boaters alike. The site has been built with advanced search functionality and the listings have been streamlined for easier sharing and broker connection. Additionally, AYS has created a more robust service section and news page, highlighting prominent community events, blogs and social media features.

    AYS will also soon launch its Premium Listings Program. The package includes a professional video and 3D virtual tour, prominent ad and website placement, e-mail blast, custom flyer and more. “Providing hands-on, personal service is what we’re about,” said Chris Humphreys, AYS Director of Customer Satisfaction and Principal. “We’re excited to offer this new, custom program to our clients with premium listings. After 65 years, we have a deep understanding of how to reach a specific buyer; this package delivers a targeted strategy to put our clients’ best foot forward.”

    The VIP boat show experience, new website and premium listings program are the latest in a string of milestones for AYS, which celebrates its 65th anniversary this year. The company was recently named to the Inc.com 5,000 list of fastest growing private businesses and also announced increased mid-year earnings after successfully restructuring its management. “So far, 2018 has been a momentous year for us and we’re not looking to slow down any time soon,” Taishoff added. “It’s important to demonstrate how much we appreciate our clients, and I’m looking forward to providing them with an upgraded experience.”

    Learn more and register for the preview open house here or call 410.267.8181.

    About Annapolis Yacht Sales

    Annapolis Yacht Sales is one of the largest yacht dealers on the Chesapeake Bay, with offices in Annapolis, Kent Island, Deltaville and Virginia Beach. AYS proudly represents new Beneteau sailing yachts, Lagoon Catamarans, as well as new power yachts from EdgeWater, Steiger Craft, and Cruisers Yachts. AYS is also the largest brokerage house in the Mid-Atlantic for premium previously owned yachts.

    Annapolis Yacht Sales' mission statement is: "Building lasting relationships with our customers, partners and employees while serving the recreational and travel community. Our core values shall be based on Honesty and Integrity and Service to the Community."

    Learn more at http://www.annapolisyachtsales.com. Reported by PRWeb 4 hours ago.

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    A gecko - no kidding - placed phone calls from a marine-mammal hospital in Hawaii Veterinarian and seal expert Claire Simeone was just about to settle down and enjoy her lunch when her cellphone rang.Work was calling, and as director of the Marine Mammal Center's Ke Kai Ola Hawaiian Monk Seal Hospital in Kailua-Kona,... Reported by New Zealand Herald 3 hours ago.

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    When a Marine's stolen truck was found, her service dog was no longer inside.

     
     
     
     
     
     
      Reported by USATODAY.com 2 hours ago.

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    This first pitch isn't about baseball. It's about a military hero regaining his sense of independence.

     
     
     
     
     
     
      Reported by USATODAY.com 2 hours ago.

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    Exalto Bearings UK, the manufacturer of high quality rubber-lined cutlass bearings for the pump and marine industries, announces the appointment of Mike Cosgrove as Business Manager .

    YONKERS, N.Y. (PRWEB) October 09, 2018

    Exalto Bearings UK, the manufacturer of high quality rubber-lined cutlass bearings for the pump and marine industries, announces the appointment of Mike Cosgrove as Business Manager.

    Cosgrove has over 30 years of experience within the engineering and industrial sectors. He will be responsible for the day to day running of the Derby UK facility.

    “We are pleased to have Mike join our team,” said Dennis Rawle, Managing Director of Exalto Bearings UK Limited. ”His extensive industry experience and customer liaison skills will help the business grow further."

    Over the last 20 years, Exalto has built a global reputation based on the quality and reliability of their bearings. Exalto sells to businesses in over 40 countries worldwide. For the pump industry, their technical experts work with engineers to create custom-made pump bearings to suit any required application. For the marine industry, they stock standard marine bearings in a range of sizes but can equally manufacture special non-standard sizes on request.

    In January 2016, Exalto Bearings UK became part of Graphite Metallizing Holdings Inc. (GMHI), the US-based manufacturer of self-lubricating GRAPHALLOY® bushing materials. The combined expertise of these companies provides pump customers with a complete package of bearing solutions to suit any application.

    Visit Exalto online at http://exaltouk.com/en/ or call +44 (0)1332 340 501.

    About Exalto Bearings UK
    Since 1996, Exalto Bearings UK has been manufacturing the highest quality, rubber-lined and composite cutlass bearings for the Pump and Marine industries. Exalto creates standard as well as custom-made bearings for the world's biggest marine propulsion and pump manufacturers.

    About Graphite Metallizing Holdings, Inc.
    Graphite Metallizing Corporation of Yonkers, NY, the manufacturer of GRAPHALLOY, a graphite/metal alloy, has been solving tough bearing problems for over 100 years.

    GRAPHALLOY can be the solution to the toughest bearing, bushing, thrust washer, cam follower, or pillow block bearing design problem. It is available in over 100 grades with specific properties that meet a wide range of engineering solutions and specifications. Standard designs are available but most GRAPHALLOY products are custom designed to the unique requirements of the specific application. Graphite Metallizing Corporation is ISO certified.

    For more information about Graphite Metallizing and its products, please visit them online at http://www.graphalloy.com or call +1-914-968-8400. Reported by PRWeb 2 hours ago.

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    PEMBROKE, Bermuda, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today the formation of a new Casualty Facultative Reinsurance operation, led by Mr. Dave Adams. Mr. Adams will join Sompo International Reinsurance this week as Executive Vice President, Specialty/Facultative Reinsurance Team Leader along with an underwriting team with extensive industry experience underwriting individual risk and alternative market business.With specialized product offerings in Commercial Auto and Worker’s Compensation that serve the needs of a niche market, the team will expand Sompo’s profile in the facultative reinsurance market. The team has extensive industry experience underwriting individual risk and alternative market business and will offer these using an industry leading automated modeling and pricing system, which will enable ceding company underwriters to efficiently quote and bind these reinsurance contracts. 

    Mr. Adams, who has more than 30 years of experience, comes to Sompo International from Maiden Re, where he was most recently Executive Vice President and Team Leader, Specialty Underwriting, responsible for their facultative, alternative market and program reinsurance treaties. He will report to Ms. Tracy Thomson, Executive Vice President, Head of Americas Casualty Reinsurance. Mr. Adams and the team are located in the Philadelphia, Pennsylvania area.

    Mr. Chris Donelan, President & CUO North America Reinsurance & Head of Global Casualty Reinsurance, commented, “We are extremely pleased to welcome Dave and his team as we expand our casualty reinsurance capabilities. The new team is highly regarded in the market and will complement our strong casualty treaty business, as well as our facultative reinsurance offerings in the professional liability area.”

    Stephen Young, CEO of Global Reinsurance at Sompo International, commented, “We continue to seek opportunities to leverage Sompo International’s capital and global presence in the reinsurance market. This new team will enable us to service additional clients and to advance our technical capabilities as we continue to enhance Sompo’s relevance in the facultative market.”

    *About Sompo International *

    Sompo International Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Through its operating subsidiaries, Sompo International writes agriculture, professional lines, property, marine, energy, casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. We maintain excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on our principal operating subsidiaries. Sompo International’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Sompo International, Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda. For more information about Sompo International, please visit www.sompo-intl.com.

    *Contact*
    Investor Relations
    Phone: +1 441 278 0988
    Email: investorrelations@sompo-intl.com Reported by GlobeNewswire 2 hours ago.

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    Hurricane Michael has matured, developed an eye, and is gathering strength as it churns on a direct path towards the Florida Panhandle. 

    National Hurricane Center scientists expect the storm to strike land on Wednesday as a major storm, with winds greater than 110 mph, making it at least a Category 3 hurricane.

    There's now almost nothing holding back the storm from further intensification as it approaches land, bringing not just destructive winds but perilous surges of ocean water into the Florida and Alabama coasts. 

    "Hurricane Michael is primed for additional strengthening prior to landfall because the key players in the atmosphere and ocean are all conducive for it," Brian McNoldy, a storm researcher at University of Miami's Rosenstiel School of Marine and Atmospheric Science, said over email. Read more...

    More about Science, Florida, Extreme Weather, Hurricanes, and Atmospheric Science Reported by Mashable 1 hour ago.

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    HONOLULU (AP) — If you got incessant phone calls last week from a hospital that cares for Hawaiian monk seals, you were butt-dialed. Or, more specifically, foot-dialed. By a gecko. Marine mammal veterinarian Claire Simeone was getting lunch when she got a call from the Big Island hospital where she’s director. There was silence on […] Reported by Seattle Times 8 minutes ago.

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    MONACO, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that it intends to offer, issue and sell to the public $250 million of common shares, par value $0.01 per share (“Common Shares”), through an underwritten public offering (the “Offering”). The net proceeds of the Offering are expected to be used for general corporate purposes. As part of this offering, Scorpio Bulkers Inc. (NYSE:SALT), or SALT, and Scorpio Services Holding Limited, or SSH, each a related party and members of the Scorpio Group of companies, have each expressed an interest in purchasing common shares at the public offering price with a value of at least $100 million and $10 million, respectively.  However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no common shares in this offering to either or both of these entities, or either or both of these entities may determine to purchase more, fewer or no common shares in this offering.The Company also intends to grant the underwriters a 30-day option to purchase up to an additional $37.5 million of Common Shares.

    BofA Merrill Lynch and BTIG, LLC are acting as joint book-running managers and Clarksons Platou Securities, Inc. is acting as Senior Manager for the Offering.

    Seward & Kissel LLP acted as legal counsel for Scorpio Tankers Inc. and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel for the underwriters.

    The Company’s Common Shares trade on the New York Stock Exchange under the symbol “STNG.”

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the “SEC”) and is effective. A final prospectus supplement related to the Offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, (or by email at dg.prospectus_requests@baml.com) BTIG, 825 3rd Avenue, 32nd Floor, New York, NY 10022, Attention: Equity Capital Markets, (or by phone at 212-593-7555, or by email at EquityCapitalMarkets@btig.com), or Clarksons Platou Securities, Inc., 280 Park Avenue, 21st Floor, New York, NY 10017, (or by phone at (212) 317-7080, or by e-mail at prospectuses@clarksons.com).

    *About Scorpio Tankers Inc.*

    Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax tankers) with an average age of 3.2 years and time or bareboat charters-in 13 product tankers (one LR2 tanker, five MR tankers and seven Handymax tankers). Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.

    *Forward-Looking Statements*

    Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. Scorpio Tankers desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward-looking statements.

    The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that Scorpio Tankers will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that we have or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires, and other factors. Please see Scorpio Tankers’ filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.

    *Contact Information *

    Scorpio Tankers Inc.
    (212) 542-1616 Reported by GlobeNewswire 1 hour ago.

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    The hotel will tower over the historic Frank Sinatra Post Office, built in 1931 at the corner of Newark Street and Marine View Place. Reported by NJ.com 4 minutes ago.

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    KEMP, Texas, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Leader in industrial lighting, Larson Electronics LLC, released an energy efficient 3 phase pad mount live front radial feed transformer that provides operators with reliable and environmentally friendly power. This 3-phase transformer features critical equipment failure protection and greatly lowers operating and ownership costs, as well as reduces heat emissions. This oil-cooled transformer is ideal for both indoor and outdoor applications.The MT-PMO-3P-13800D.27600D-2500KVA-480Y.277-N3R-V1 is a powerful and durable dual voltage transformer with a 2500kVA rating. This 3-phase unit has two primary voltages of 13800 V Delta and 27600 V Delta, and a secondary voltage of 480Y/277 V Wye. This live front radial feed transformer runs very efficiently, impacting the environment less than traditional units. The MT-PMO-3P-13800D.27600D-2500KVA-480Y.277-N3R-V1 is designed so that no excess oil heating occurs from unbalanced loads or phase loss on the primary side.

    The cores of the MT-PMO-3P-13800D.27600D-2500KVA-480Y.277-N3R-V1 are robustly constructed of non-aging, cold-rolled silicon steel laminations, made with state-of-the-art technology. Each core in this unit is coated to prevent buildup of moisture and are electrically balanced which minimizes axial forces during short circuit situations. This unit also features mineral oil cooling, a 65°C temperature rise and is rated IP24.

    “This 3-phase transformer is a really great unit for basically any general application, indoor and outdoor,” said Rob Bresnahan, CEO of Larson Electronics LLC. “Because of its high energy efficiency, it can save operators a lot of money, while providing exceptional service and power.”

    *About Larson Electronics LLC:* Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, *President and CEO
    *Toll-free: 1-800-369-6671
    Phone: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/244a2d49-ebbe-41b2-905d-e16d8f9d88d7 Reported by GlobeNewswire 40 minutes ago.

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  • 10/09/18--13:21: Ship traffic, October 10
  • Ship traffic Due to arrive today SHIP FROM PORT Auriga Leader Vancouver, Wash. RCH CAP Capricorn Papeete, Tahiti OAK CMA CGM A Lincoln Los Angeles OAK CMA CGM Tage Los Angeles OAK Dream Island Zangzhou, China SFO Grand Mercury Long Beach BNC Horizon Pacific Honolulu OAK Mahimahi Honolulu OAK NYK Nebula Vancouver, British Columbia OAK Seamax New Haven Los Angeles OAK YM Unison Los Angeles OAK Due to depart today SHIP TO PORT Asian King Port Unknown BNC Bear Mountain Bridge Tokyo OAK NYK Nebula Los Angeles OAK Sheila Ann Port Unknown ANZ Xing Zun Hai Port Unknown SCK Yasa Unity Kinuura, Japan SFO YM Mutuality Keelung, Taiwan OAK Source: S.F. Marine Exchange Reported by SFGate 45 minutes ago.

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    HONOLULU (AP) — If you got incessant phone calls last week from a hospital that cares for Hawaiian monk seals, you were butt-dialed.Or, more specifically, foot-dialed.By a gecko.Marine mammal veterinarian Claire Simeone was... Reported by New Zealand Herald 43 minutes ago.

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    Mystery space matter? Locals baffed as giant object washes up on beach A mystery UFO-like object that washed up on a South Carolina beach left residents mystified at the weekend.The large cylindrical object, described as being soft and feeling like foam, was found by Lowcountry Marine Mammal Network... Reported by New Zealand Herald 3 minutes ago.

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    MONACO, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that the Company has agreed to invest $100.0 million in a related party, Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers").  The investment is part of a larger $300.0 million equity raise through a public offering of common shares by Scorpio Tankers announced today.  As a result of this investment, the Company will own approximately 54.1 million, or 10.9%, of Scorpio Tanker’s issued and outstanding common shares.  The investment was unanimously approved by an independent committee of the Board of Directors that was advised by Perella Weinberg Partners.    Emanuele Lauro, Chairman and CEO, commented “This investment in Scorpio Tankers, one of the world's leading product tanker companies, is a compelling opportunity for the Company.  Our Board of Directors has been evaluating the best uses of available capital, and after careful consideration identified this unique investment opportunity as one with superior risk-reward attributes, allowing us to invest in a business that is very well known to us and to participate in the expected strong cyclical recovery in the product tanker market towards positive regulation-led market disruption in 2020.  Scorpio Bulkers is steadfast in our commitment to shareholder return over the long term.  The Company is highly focused on shareholder value and the deployment of capital with that priority objective.”

    *About Scorpio Bulkers Inc.*

    Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities.  Scorpio Bulkers Inc. has an operating fleet of 57 vessels consisting of 56 wholly-owned or finance leased drybulk vessels (including 19 Kamsarmax vessels and 37 Ultramax vessels), and one time chartered-in Ultramax vessel. The Company’s owned and finance leased fleet has a total carrying capacity of approximately 3.9 million dwt and all of the Company’s owned vessels have carrying capacities of greater than 60,000 dwt. Additional information about the Company is available on the Company’s website www.scorpiobulkers.com, which is not a part of this press release.

    *Forward-Looking Statements*

    Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

    The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

    In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

     CONTACT: Contact:

    Scorpio Bulkers Inc.
    +377-9798-5715 (Monaco)
    +1-646-432-1675 (New York) Reported by GlobeNewswire 18 hours ago.

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