Search results for: USD 6.3 Mln

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A list of search results

  • 12 November 2013

    InterOil’s recorded net loss for the quarter ended September 30, 2013 was $6.3 million, compared with a profit of $5.3 million for the same period in 2012. The $11.6 million decrease in net profit was mainly due to an $8.6 million increase in foreign exchange losses and a $7.6 million decrease in gross margin on […]

  • 26 February 2014
    Business & Finance

    Deep Sea Supply, an international operator of offshore supply vessels, has reported 4Q 2013 results with consolidated revenues of USD 29.8 million and operating expenses of USD 17.4 mln. This resulted in EBITDA of USD 13.7 mln and EBIT of USD 6.0 mln. Following financial expenses of USD 5.2 mln and positive net currency items […]

  • 18 February 2015
    Authorities & Government, Business & Finance

    At the formal opening of the Perth Wave Energy Project, Minister for Industry and Science, Ian Macfarlane announced that the Government is planning to invest additional USD 10 mln in Carnegie Wave. Australian Government already invested around USD 10 mln in Carnegie Wave through ARENA (Austarlian Renwable Energy Agency). The additional investment is set for […]

  • 6 March 2015
    Business & Finance

    ABB Group has released the annual report for 2014, that records a lower net income of 6.9 percent compared to year earlier. Net income in 2014 amounts to EUR 2.594 mln, which is 6.9 percent lower than in 2013. ABB Group records an increase in orders of 6.7 percent to a year earlier, which totals […]

  • 29 January 2015
    Authorities & Government, Business & Finance

    Wave energy developer Carnegie Wave Energy has received tax rebate in the amount of USD 3 mln. The funds were received from Research and Development Tax Incentive, from the Australian Tax Office. The R&D Tax Incentive provides a tax rebate to support Australian companies to undertake Australian research and development. During the year ended 30 […]

  • 14 May 2015
    Operations & Maintenance, Research & Development, Technology

    Carnegie has started geophysical survey activities for CETO 6 project that will influence the future project development. The findings of the geophysical activities will influence elements of the CETO 6 project, such as foundation selection, cable route and overall installation methodology, Carnegie’s press release reads. Marine GeoSolutions and RPS Energy, in conjunction with Carnegie, are […]

  • 11 March 2016
    Business & Finance

    The US Justice Department has fined two Maersk Group units with USD 3.6 million in civil charges for filing “recreated” weight tickets to support invoices. One of the companies, the US-based roll-on roll-off carrier Farrell Lines, had an agreement with the United States Transportation Command (USTRANSCOM) under which it was required to undertake international door-to-door and/or port-to-port transportation services to move […]

  • 20 February 2015
    Authorities & Government, Business & Finance, Research & Development, Technology

    Carnegie has reached a financial close on the Clean Energy Finance Corporation’s (CEFC) five-year USD 15.6 mln loan facility for partial funding of the project. The funding will reduce the amount of equity required for the project. Australian Renewable Energy Agency (ARENA) has provided USD 8.6 mln grant for the project as well. Aidan Flynn, […]

  • 12 March 2015
    Business & Finance

    Ocean Power Technologies has announced results for the nine months period, ended with January 31, 2015. The net loss for the nine months period ended January 31, 2015, amounted to USD 9.9 mln, compared to the same period a year earlier, when the net loss for OPT was USD 7.9 mln. The company said that […]

  • 4 February 2011
    Business & Finance

      Revenue of Rosneft rose by 35% in 2010 to USD 63.0 bln. The increase was due to higher prices for crude oil and petroleum products, and growth in volumes of oil production and refining. Revenue grew by 12% in Q4 2010 compared with Q3 to USD 17.4 bln, mainly due to higher prices for […]

  • 29 April 2011

    Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 (approx USD 841.5 mln) billion, an increase of 21.16 percent year-on-year. Sales rose 16.92 percent to KRW 6.3 trillion won with operating profit up 10.99 percent to KRW 991.8 billion. Hyundai Heavy’s annual sales target for this year is […]

  • 10 May 2013

    Havant Borough Council Capital Projects Team has awarded the Havant coastal defence project to the Raymond Brown Construction Ltd. This development program consists of the following activities: – Construction of a 650m rock revetment (27,700m3, 3-6 tonnes of rock armour); – Construction of 3 no. 90m rock groynes (7,000m3, 3-6 tonnes rock armour); – Import […]

  • 14 December 2017
    Equipment, Operations & Maintenance, Project & Tenders

    TechnipFMC and OneSubsea have, along with Aker Solutions, secured new subsea maintenance framework agreements from Statoil on the Norwegian continental shelf (NCS). The contracts have a total estimated value of more than NOK 8 billion (USD 960 mln) and a duration extending to 2023. In addition, the contracts include options for a total of 20 years. The […]

  • 14 June 2013

    U.S. Army Corps of Engineers, Jacksonville District, has announced a plan for the Cedar Hammock dredging program. This development program includes the construction of stone riprap revetment for erosion control that includes bedding stone and geotextile with portions to be grouted on the channel side slopes, widening and deepening of the trapezoidal channel, transportation of […]

  • 23 November 2012
    Business & Finance

    Norwegian Energy Company ASA (Noreco) presented its third quarter 2012 results, with a negative EBITDA of NOK 32 million (5.6 mln USD) and a net loss of NOK 243 million (42.7 mln USD). The Noreco Group had revenues of NOK 240 million (42.2 mln USD) in the third quarter 2012, an increase of 23 percent compared […]

  • 1 September 2013

    Yang Ming Hires Seaspan’s Five Newbuild Containerships Seaspan Corporation announced on Friday that it has, further to a previously announced binding letter of intent, signed long-term, fixed-rate time charter contracts with Yang Ming Marine Transport Corp. (“Yang Ming”) for five 14000 TEU class newbuilding containerships. CMES Eyes 12 Handymax Bulk Carriers Triggered by a desire […]

  • 12 October 2014
    Business & Finance

    Freight rates are likely to fall further as carriers stand firm in their reluctance to reduce capacity on the Asia-Europe and transpacific trades in the winter slack season, Alphaliner warned.…Read more Tanker Scrapes Bottom off Durban Eastern Pacific Shipping reported that an incident involving the vessel m.t. Pacific Quartz took place off Durban, South Africa […]

  • 1 May 2014
    Business & Finance

    Havila Shipping ASA achieved a profit before tax of NOK 41.9 mln ($7 mln) in Q1 2014, compared with NOK -19.6 mln in Q1 last year. Total operating income and gains was NOK 378.5m in the Q1 of 2014. Total operating income for corresponding period last year was NOK 330.4m. The group had 27 vessels in operation […]

  • 14 August 2013
    Business & Finance

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced results for 2Q 2013 and six months ended 30 June 2013. The group’s quarterly profit was RM 47,9 million (USD 14.6 million), a drop compared to the 2Q 2013 when the company earned RM 55,5 million (USD 17 million) For the six months ended June 30, 2013 […]

  • 26 March 2015
    Business & Finance

    Russian shipping company PAO Sovcomflot (SCF Group) posted strong 2014 results amid recovery of conventional tanker market. SCF rebounded from a loss of USD 39.2 million in 2013 posting a net profit of USD 83.9 million. The group’s gross revenue increased 9.9 per cent to USD 1,387.4 million compared to USD 1,262.8 million from 2013. […]

  • 15 April 2011

    Bergen Group has, through its subsidiary Bergen Group Risnes, received a contract from the fish farming company Hjaltland Seafarms Ltd for delivery of two new working catamarans. The contract has a value of NOK 9 millions (approx USD 1.66 mln), and the boats are scheduled for delivery in Q3 2011. Since November 2010, Bergen Group […]

  • 18 May 2014
    Business & Finance

    1. Petrobras Finds 5 Bln Barrels of Oil in Santos Basin Petrobras informed that it has completed drilling the last exploratory well in the areas of the Transfer of Rights agreement, in the Santos Basin pre-salt. 2. Installation of Western HVDC Link in Liverpool Bay Postponed The installation of the shallow water section of the […]