Search results for: Frontline

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  • 17 June 2014
    Business & Finance

    Environment, Food and Rural Affairs Committee has published its report into the winter floods of 2013-14 as HC 240, First Report of Session 2014-15. The Government must not neglect maintenance of flood defences and watercourses if homes, businesses and farmland are to gain better protection against future flooding risk, warn MPs today in a report […]

  • 6 June 2014
    Business & Finance

    Activity in the newbuild sector is slowly picking up for most yards in the Far East. According to Fearnleys, the temporary slowdown early parts of the year is over. Although many of the orders reported are options, the sentiment seems to be changing, and willing owners are back for more tonnage. If the current activity prevails, prices […]

  • 28 May 2014

    Some of the Greenpeace activist who boarded the Statoil-operated Transocean Spitsbergen drilling rig in Norway yesterday, have withdrawn from the rig. While ten activists spent the night on the rig, five were flown to land by a helicopter, late Tuesday night, after deciding to cease their demonstration. Greenpeace said they are “now safe and in good spirits in […]

  • 13 May 2014
    Business & Finance

    InterMoor UK further expands its management team with two key appointments. InterMoor, an Acteon company, has appointed Lesley Maxwell as group human resources manager and Nick Knight as business development manager for InterMoor Marine Services Ltd. Maxwell has more than 20 years of international experience as a senior manager in management consulting and human resources […]

  • 13 May 2014
    Business & Finance

    InterMoor, an Acteon company, has appointed Lesley Maxwell as group human resources manager and Nick Knight as business development manager for InterMoor Marine Services Ltd. Maxwell has more than 20 years of international experience as a senior manager in management consulting and human resources roles across different sectors including oil and gas and will be […]

  • 12 May 2014
    Business & Finance

    President of the Philippines Benigno Aquino III named Crossworld Marine Services, Inc. as one of the country’s top performing manning and recruitment firms. Crossworld along with 17 other manning agencies received recognitions and awards for excellence in the deployment of overseas Filipino workers (OFWs) handed out by the President himself in an event held in […]

  • 29 April 2014
    Business & Finance

    Avance Gas Holding Ltd, today reported unaudited results for the quarter ended 28 February, 2014. Solid results were recorded mostly due to strong LPG market – US$ 0.50 per share dividend. Some of the highlights for the period include: Time charter equivalent (TCE) earnings were US$ 18.4 million in Q1 2014, up from US$ 11.6 […]

  • 25 April 2014
    Business & Finance

    Over the last week, 62 firm newbuilding orders have been reported, according to Fearnleys. Optional vessels are being declared in all segments as newbuilding prices are still firming. Vogemann has declared their option for another 4 Newcastlemax vessels from JES. Price reported to 53 mill USD, which is about 4 mill USD below current price level at […]

  • 24 April 2014
    Business & Finance

    Knightsbridge Tankers Limited and Frontline 2012 Ltd. have agreed to combine Frontline 2012’s remaining fleet of 25 fuel efficient vessels with Knightsbridge. The newbuildings have expected deliveries between September 2014 and September 2016, with five vessels delivering in 2014, 14 vessels in 2015 and six vessels in 2016. Knightsbridge recently acquired five Capesize newbuildings from […]

  • 31 March 2014

    Lion Shipbrokers said that a total of seventeen vessels changed their owners in the past two weeks. Namely, eight bulk carriers, three container vessels and six tankers have been acquired by various shippers. Bulkers: M/V “BULK CHINA” – 179,109 dwt, blt 2013 Orient/S. Korea, NV, 9 HO/9 HA, MAN-B+W 6S70MC-C Sold to undisclosed buyers for […]

  • 12 March 2014
    Business & Finance

    Avance Gas Holding Ltd. (Avance Gas) today confirmed its intention to conduct an initial public offering (IPO) and listing of the company on the Oslo Stock Exchange. Subject to receiving the relevant corporate and regulatory approvals from the Oslo Stock Exchange as well as prevailing market conditions, the IPO is expected to price in April […]

  • 10 March 2014
    Business & Finance

    Knightsbridge Tankers Limited (Knightsbridge) today announced that it has entered into agreements to acquire five fuel efficient 180,000 DWT Capesize bulk carrier newbuildings from Frontline 2012 and one Capesize bulk carrier built in 2013 from Karpasia. Knightsbridge has agreed to pay $61 million for each of the five Capesize newbuildings and $55 million for the […]

  • 7 February 2014
    Business & Finance

    In 1990, when International Registries, Inc. and its affiliates (IRI) began providing administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries only 39 vessels and a little over two million gross tons existed in the Registry. Ten years later the RMI Registry was ranked, by what was then, […]

  • 3 February 2014

    RAdm (Retd) Shekhar Mital NM has assumed charge as Chairman & Managing Director of Indian Goa Shipyard Ltd. on February 1, 2014. The various senior positions he has held in the course of his long and distinguished career with the Indian Navy, have provided, RAdm Mital with a deep and well rounded understanding of the […]

  • 31 January 2014
    Business & Finance

    Milbank, Tweed, Hadley & McCloy LLP has represented international lenders Mizuho Bank, Ltd. and Itaú BBA International plc in providing approximately $150 million in financing for the purchase of an innovative compact semi-submersible multi-service vessel destined for Brazil’s most productive offshore oil and gas location. The support unit, named Olympia, represents a ground breaking new […]

  • 21 January 2014

    InterOil said it has appointed Jon Ozturgut as Chief Operating Officer of the company and Donald Spector as Chief Financial Officer. Ozturgut, a senior executive with 27 years’ international oil and gas experience with Atlantic Richfield Company (ARCO), CMS Oil and Gas Company, and Woodside Energy, replaces  William J. Jasper III, who is retiring after […]

  • 27 November 2013

    DP World marked the 42nd National Day of the UAE with Emirati-themed festivities and events for its customers, partners, employees and friends at its global Head Office in Jebel Ali Port & Free Zone. Hundreds of people including high-level representatives of DP World customers, government officials, police officers, senior managers and employees, attended a flag-hoisting […]

  • 27 November 2013

    During the Italy-Russia Business Forum, held yesterday in Trieste, Fincantieri announced, in the presence of Enrico Letta, Italy’s President of the Council of Ministers, and Vladimir Putin, President of the Russian Federation, the signing of an agreement to define plans for a drillship featuring frontline innovation and technology, and the securing of a contract to […]

  • 27 November 2013
    Business & Finance

    During the Italy-Russia Business Forum, being held yesterday in Trieste, Fincantieri announced, in the presence of Enrico Letta, Italy’s President of the Council of Ministers, and Vladimir Putin, President of the Russian Federation, the signing of an agreement to define plans for a drillship featuring frontline innovation and technology, and the securing of a contract […]

  • 27 November 2013
    Business & Finance, Research & Development

    During the Italy-Russia Business Forum, being held in Trieste, Fincantieri announced, in the presence of Enrico Letta, Italy’s President of the Council of Ministers, and Vladimir Putin, President of the Russian Federation, the signing of an agreement to define plans for a drillship featuring frontline innovation and technology, and the securing of a contract to […]

  • 27 November 2013
    Business & Finance

    Russia and Italy have made an agreement to jointly develop a harsh-environment drillship. During the Italy-Russia Business Forum,  held yesterday in Trieste, Fincantieri announced, in the presence of Enrico Letta, Italy’s President of the Council of Ministers, and Vladimir Putin, President of the Russian Federation, the signing of an agreement to define plans for a […]

  • 20 November 2013
    Business & Finance

    DP World, UAE Region, the leading regional marine terminal operator, has won the prestigious Container Terminal Operator Award for a fifth consecutive year at the Seatrade Middle East & Indian Subcontinent Awards 2013 in Dubai. The judging panel chose the operator of Jebel Ali Port for its all-round operational excellence, a dynamic approach to creating […]

  • 20 November 2013

    DP World, UAE Region, the leading regional marine terminal operator, has won the prestigious Container Terminal Operator Award for a fifth consecutive year at the Seatrade Middle East & Indian Subcontinent Awards 2013 in Dubai. The judging panel chose the operator of Jebel Ali Port for its all-round operational excellence, a dynamic approach to creating […]

  • 7 November 2013
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 1998 and 1999 built VLCCs Front Champion and Golden Victory to unrelated third parties. The Company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. The vessels are expected to be delivered to the new owners […]

  • 3 October 2013

    At the 2013 International Maritime Exposition, Pacific 2013, Austal will showcase its proven border protection and multi-mission platforms to help potential customers make informed capability decisions to meet their border protection requirements. Austal has come to dominate the Australian patrol boat market, winning three consecutive contracts for frontline patrol boats, including the Armidale Class patrol […]