Search results for: Woes

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  • 20 April 2011

    While some communities battle economic woes, Peters Township continues to grow, said Michael Silvestri, township manager, when delivering… More info: (thealmanac) By Terri T. Johnson [mappress] Source: thealmanac, April 20, 2011  

  • 23 September 2013

    Norwegian Energy Company (Noreco) continues to record unstable production levels at its Huntington and Oselvar fields, which were both shut-in during parts of August. At the Huntington field the issues are mainly related to the British pipeline system Central Area Transmission System (CATS), which is operated by BP and which is used for export of Huntington gas. Huntington will continue […]

  • 5 October 2015
    Business & Finance

    The ship supply surplus built up in 2010-2012 and slowdown in Chinese raw materials imports, especially coal, continue to drive overall weakness in the dry bulk shipping market, according to Hong Kong-based dry bulk shipping company Pacific Basin. “This weakness will continue to affect shipping businesses and could result in more companies experiencing financial distress along the lines […]

  • 20 September 2016
    Business & Finance

    Hanjin Shipping’s filing for receivership did not impact cargo volumes in the Puget Sound in August, with the Northwest Seaport Alliance reporting the highest monthly container volumes for an August since 2012.   Full imports at the ports of Seattle and Tacoma improved 4 percent in August 2016 compared to August 2015, while full exports surged 15 percent month […]

  • 20 February 2013

    In spite of the “water no get enemy” mantra that is plastered across the blue and white pipelines of Lagos, Nigeria is in danger of falling short of targets it set more than a decade ago to provide clean water and sanitation to the majority of citizens. However, increased government funding for water management and […]

  • 5 October 2015
    Business & Finance

    The ship supply surplus built up in 2010-2012 and slowdown in Chinese raw materials imports, especially coal, continue to drive overall weakness in the dry bulk shipping market, according to Hong Kong-based dry bulk shipping company Pacific Basin. “This weakness will continue to affect shipping businesses and could result in more companies experiencing financial distress along the lines […]

  • 25 April 2005

    A group of Aberdeen fish merchants plan to launch a legal action against the Scottish Executive, claiming it’s unable or unwilling to prevent illegal landings of fish. The Fish Trade Equal Opportunity Group says the Scottish Fisheries Protection Agency is failing to carry out its policing role effectively. It’s been a tough few years for […]

  • 21 February 2019

    Despite overcapacity woes, ocean carriers show no signs of ditching megamax containerships.

  • 2 March 2015
    Business & Finance

    The congestion at the port of Manila has been resolved and port operations have been completely normalized, the Philippines’ Office of the Labour Cabinet said today in a statement. As informed, both the International Container Terminal Services, Inc. (ICTSI) and Asian Terminals Inc. (ATI) show improved efficiency as berthing schedules are being met promptly. “Over […]

  • 8 June 2015
    Exploration & Production

    Three more tendons planned to be used to keep a Chevron Gulf of Mexico oil platform connected to the seabed have sunk, Reuters has reported. This brings a number of sunken tendons at the Big Foot field location to nine, after the company last week announced six tendons had sunk, delaying the start up of […]

  • 16 December 2014
    Business & Finance

    G6 Lines has decided to temporarily shift its Pacific Atlantic 1 service from Tacoma to Seattle amid the ongoing congestion across the US West Coast. The move is aimed at avoiding further delays in congested ports, as informed in a customer advisory. The first vessel calling Seattle instead of Tacoma was MV “Augusta Kontor” 002E […]

  • 16 July 2006

    Brooke Dockyard and Engineering Works Corp, reputedly the country’s oldest shipyard, Monday launched the 42-metre double- ended ferry, “Primrose II”, for Liew Fap Nien Sdn Bhd at Sejingkat here. The ferry, which would serve as a new link in Batang Sadong for the hinderland of Samarahan division, would ease transportation woes to the city and […]

  • 12 May 2015

    Pakistan’s Federal government reduced the sales tax for LNG imported for servicing CNG sector and fertilizer produced by using imported LNG to 5%.

  • 12 May 2015

    Pakistan’s Federal government reduced the sales tax for LNG imported for servicing CNG sector and fertilizer produced by using imported LNG to 5%.

  • 1 December 2014
    Business & Finance

    Japan-based Nippon Yusen Kaisha (NYK) Line made its first direct route from Kaohsiung to the Port of Subic, the Philippines, joining other major shippers in using this free port as an alternative to the congested Port of Manila. NYK’s MV Jakarta Towers, a 688-gross tonnage Liberian-flagged cargo vessel, made its first port call at Subic […]

  • 5 September 2006

    Chevron Corp. and two partners said Tuesday that they had tapped a potentially huge new source of oil in the Gulf of Mexico’s deep waters, fueling hope that further discoveries in the region could help ease the nation’s oil supply woes. The successful test of one of the deepest oil wells ever drilled showed such […]

  • 13 August 2019
    Business & Finance

    DFDS closed Q2 with an increase in its earnings despite challenges posed by Brexit.

  • 16 August 2017
    Business & Finance

    Pressured by a difficult product tanker market, Danish shipping company TORM ended the second quarter of 2017 with a net loss of USD 1.6, compared to a net profit of USD 15 million seen in the same period a year earlier. The company’s revenue for the three months dropped to USD 157 million, from USD […]

  • 8 September 2014
    Business & Finance, Project & Tenders

    Sevan Louisiana offshore drilling rig continues to experience equipment problems. The rig’s owner, Sevan Drilling has informed that the Sevan Louisiana continues to encounter operational difficulties due to the BOP and supporting systems. “The original issue with the BOP has been rectified, however the BOP tensioner support systems still needs further repair and replacements prior to operation,” Sevan Drilling […]

  • 22 September 2017
    Business & Finance

    Seafarers are still paying the price for the economic problems facing the global shipping industry, the International Seafarers’ Welfare and Assistance Network (ISWAN) said in a new report. The report shows that the SeafarerHelp service run by ISWAN dealt with a record number of 3,078 new cases involving 11,228 seafarers and their families in 2017, representing […]

  • 25 May 2017

    Singapore-based offshore vessel owner Vallianz has reached agreements with Swiber and Rawabi to restructure its $138.7 million debt. Swiber, which holds 903,534,986 shares or 20.9% equity interests in Vallianz, had on October 13, 2016 notified the company of its interest to participate in the renounceable non-underwritten rights cum warrants issue proposed by Vallianz on September 6, […]

  • 25 August 2014
    Business & Finance

    The ongoing port congestion at Manila, the Philippines has been a major reason of concern for shippers as their cargo faces serious delays. The world’s 4th largest container shipping line Evergreen Line said that the congestion is impacting all carriers and ” that all import, export and transshipped cargoes to/via Manila, Philippines would be affected […]