454 results found for 'SE@PORTS'

454 results found for 'SE@PORTS'
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  • Odfjell Deeper in Loss

    9 November 2017
    Business & Finance

    As the challenging market for chemical tankers persisted, Norwegian shipping and tank terminal company Odfjell widened its net loss to USD 11 million in the third quarter of this year from a loss of USD 5 million seen a quarter earlier.  The results were also impacted by the market for terminals which was under pressure […]

  • ADNOC receives European Commission’s stamp of approval in Navig8 acquisition

    13 December 2024
    Authorities & Government, Business Developments & Projects

    The European Commission has approved the acquisition of sole control of Navig8 Topco Holdings by Abu Dhabi Marine Business and Services Company (ADNOC) and the restructuring of ownership for the former’s subsidiary, Integr8 Fuels Holding, granting joint control of it to ADNOC and Navig8 Limited. As disclosed, the commission confirmed that the acquisition does not […]

  • SMM: General Trend Towards LNG Undeniable

    18 March 2014

    At SMM 2014, environmental protection takes a prominent place on the agenda. An entire day of the leading international maritime trade fair will be dedicated to gmec, the global maritime environmental congress, to study current trends in efficiency improvement and sustainability. The shipping industry is facing major changes: As early as 2015, ships will be […]

  • Salamander to sell Bualuang stake to SONA (Thailand)

    5 June 2014
    Business & Finance

    Salamander has signed a non-binding HoA with SONA to sell an effective 40% working interest in both the B8/38 concession,containing the Bualuang Field in the Gulf of Thailand, and the surrounding G4/50 concession for a total cash consideration of US$280 million. SONA is a special purpose acquisition company (“SPAC”) listed on the Malaysian stock exchange formed by a group […]

  • BWMS Failures Caused by Yards Substituting Component Materials

    5 September 2018
    Rules & Regulation

    There are still numerous operational and technical challenges owners face once the BWM system is installed.

  • Crisis in Shipping, Offshore Sectors Still Affects DVB’s Bottom Line

    31 August 2017
    Business & Finance

    Due to a significant increase in allowance for credit losses, Germany’s DVB Bank suffered a net loss of EUR 506.3 million (USD 600.1 million) in the first six months of 2017, compared to a net income of EUR 14.1 million (USD 16.7 million) posted in the same period of 2016. During the first half of the […]

  • Nord Stream Plans to Raise Gas Import Capacities Through Baltic Sea

    11 May 2012

    The Shareholders of Nord Stream AG have asked the company to conduct a feasibility study of possible options to further increase the capacities to transport natural gas from Russia to the EU through the Baltic Sea. Over the next eight months, Nord Stream will make an assessment of various criteria of up to two potential […]

  • UAE: 3rd Dubai-Hamburg Forum Discusses Finance and Maritime Sectors

    8 December 2011
    Business & Finance

    Dubai’s financial sector could benefit from Hamburg’s experience in the insurance sector, ship financing and corporate governance, while opportunities exist for the emirate to export its expertise in Islamic finance to the German city, business leaders speaking at the 3rd Dubai-Hamburg Business Forum said. The forum, organised by the Dubai Chamber of Commerce and Industry […]

  • Odfjell to explore synergy of weather routing and wind propulsion

    13 November 2024
    Business Developments & Projects, Infrastructure, IT & Software, Technology, Vessels

    Norwegian shipping company Odfjell SE has decided to deploy Syroco’s weather routing platform on two of its vessels to support their upcoming sail retrofit project.

  • Oil Search Expands PNG Licence Portofolio

    15 November 2010

    Oil Search is pleased to announce that it has agreed farm-in terms in four new exploration licences in Papua New Guinea: – PPL 276, located in the Gulf of Papua, west of the Pandora and Pasca gas fields – PPL 338 and PPL 339, located onshore, immediately north of the Gulf of Papua – PPL […]

  • Polarcus Signs Documentation for USD 410 Million Bank Loan Facility (U.A.E)

    6 October 2011
    Business & Finance, Operations & Maintenance

      Polarcus Limited announces that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The loan documentation replaces the committed term sheet that was […]

  • Hamburg to Host WindEnergy Event in September 2014 (Germany)

    28 November 2011

    WindEnergy Hamburg, the new leading international wind energy expo, will be held for the first time from 23 to 26 September 2014. The decision was made by the Expo Advisory Board, which has now been set up. It comprises experts from leading wind energy companies backing WindEnergy Hamburg, and will now provide advice and support […]

  • The Jones Act in US Offshore Wind: Challenge or Opportunity?

    15 April 2019

    The Jones Act in US offshore wind: challenge or opportunity? The Jones Act, long seen as a challenge for the US offshore wind industry, could potentially be an opportunity for the sector, experts have said. “I like to look at the Jones Act as an incentive for shipyards, not an impediment,” said Joan Bondareff, chair […]

  • Maersk CEO: 2016 Needs Better Freight Rates

    23 October 2015
    Business & Finance

    The container shipping industry needs better freight rates so as to be able to recover, CEO of Maersk Group Nils S. Andersen said today commenting on the release of the group’s interim results for the third quarter of 2015 and changing of outlook for business results amid weaker market. Particularly, as indicated by the group, the container […]

  • Maersk CEO: 2016 Needs Better Freight Rates

    23 October 2015
    Business & Finance

    The container shipping industry needs better freight rates so as to be able to recover, CEO of Maersk Group Nils S. Andersen said today commenting on the release of the group’s interim results for the third quarter of 2015 and changing of outlook for business results amid weaker market. Particularly, as indicated by the group, the container […]

  • BASF and Stolt Tankers introduce low-water chemical tanker Stolt Ludwigshafen

    29 May 2023
    Green Marine, Vessels

    Norwegian chemical tanker company Stolt Tankers and Germany-based chemical producer BASF have hosted a christening ceremony for the new low-water inland tanker Stolt Ludwigshafen. The vessel was named at BASF’s Ludwigshafen site on May 26, 2023. The ship’s godmother, Barbara Hoyer, Vice President of BASF, who played a key role in the project, wished the ship […]

  • RWE’s hydrogen project FUREC receives €108 million grant

    20 January 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Innovation

    EU Innovation Fund has granted €108 million to German RWE’s FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands. According to RWE, the EU funding marks a key milestone in advancing the project as FUREC will require an investment of more than €600 million to […]

  • INTERVIEW: MMT to Continue Development and Focus on Surveys for Oil and Gas Industry

    31 October 2012

    On the second day of the Offshore Energy Exhibition and Conference held in Amsterdam RAI, one of our reporters made an exclusive interview with the project and sales director of MMT SE Mr. Nils Ingvarson. Hereby we are bringing you a part of their conversation. – What do your activities in the subsea world include? […]

  • INTERVIEW: MMT to Continue Development and Focus on Surveys for Oil and Gas Industry

    31 October 2012
    Business & Finance

    On the second day of the Offshore Energy Exhibition and Conference held in Amsterdam RAI, one of our reporters made an exclusive interview with the project and sales director of MMT SE Mr. Nils Ingvarson. Hereby we are bringing you a part of their conversation. – What do your activities in the subsea world include? […]

  • UAE: Polarcus Enters USD 410 Million Bank Facility

    21 July 2011
    Business & Finance

    Polarcus Limited announced that the Company has signed a term sheet for a bank facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The Fleet Bank Facility is offered at attractive terms and significantly improves […]

  • SeaEnergy goes into administration, sells subsidiary to James Fisher

    3 June 2016
    Business & Finance

    James Fisher has purchased Return to Scene (R2S), the Aberdeen-based subsidiary of SeaEnergy which went into administration on June 2, for a price tag of £1.9 million ($2.7 million). James Fisher said in a press release on Friday that further consideration of £100,000 is payable if R2S wins certain contracts before December 31, 2016. R2S […]

  • Russia: Wintershall to Acquire 15 pct Stake in South Stream AG

    22 March 2011
    Business & Finance

    Alexey Miller, Chairman of the OAO Gazprom Management Committee, and Dr. Jürgen Hambrecht, Chairman of the  Board of Executive Directors of BASF SE, signed a Memorandum of Understanding in Moscow yesterday (Monday, 21 March 2011) which will see the BASF subsidiary Wintershall acquire a 15 percent stake in the company South Stream AG. Gazprom will […]

  • Qatargas, E.ON Sign LNG Supply Deal

    10 October 2013
    Project & Tenders, Vessels

    Qatargas and E.ON Global Commodities signed a flexible SPA for five years starting in January 2014 and covering a volume of approximately 1.5 million tonnes of LNG per year. The LNG will come from Qatargas 4 (Train 7), a joint venture between Qatar Petroleum and Shell, and will be delivered on-board Q-Max LNG vessels to […]

  • Hydro Group Embarks on Internationalisation

    13 December 2013
    Business & Finance

    Scotland’s economic links with the rest of the world are strengthening, with international activity playing a key role in the success of the oil and gas industry. Scottish firms are currently active in over 100 markets across the globe, and global sales have increased by 8.4 percent from 2011/12 to reach £8.2 billion [Scottish Enterprise […]

  • Norway: Statoil Orders Two cat D Rigs from Songa Offshore

    24 February 2012
    Business & Finance

    Norway’s Statoil has awarded Songa Offshore with contracts for two newbuild “cat D” semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs. The contract period is for eight years with an aggregated value of USD 2.66 Billion, with options for extensions […]