3671 results found for 'cgx'

3671 results found for 'cgx'
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  • GSL Sees Improvement in Spot Market Charter Rates

    3 May 2017
    Business & Finance

    UK-based containership charter owner Global Ship Lease (GSL) posted a net income of USD 6.8 million in the first quarter of 2017, higher than a net income of USD 4.6 seen in the same period of 2016.  EBITDA for the quarter stood at USD 28 million, against EBITDA of USD 29.3 million recorded in 1Q […]

  • Drewry: New Tonnage the Biggest Risk for Industry Recovery

    23 January 2017

    One of the key performance indicators that needs to be ticked off before the containership industry recovery gets back on solid ground is when the industry does not have to squeeze ships into trades that are not equipped to handle them. “We are more optimistic than we have been in a long while as demand will continue […]

  • Aker Philadelphia to Construct Two Containerships for Matson

    7 November 2013
    Business & Finance

    Aker Philadelphia Shipyard ASA announces that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has been selected by Matson Navigation Company (Matson) to construct two 3,600 TEU containerships. Firm contracts are in place for the two vessels with a total value of $418 million. The vessels will be delivered in Q3 and Q4 2018 […]

  • West Africa Service Kicks Off at DP World London Gateway

    1 July 2014
    Business & Finance

    DP World London Gateway is connecting the UK with West Africa as a new service operated by Hapag-Lloyd (WAX) and MOL (ARN) starts with the Frisia Luebeck, due to call at the port on the 22nd of July. The West Africa service supports the import of goods like canned fish, timber, bananas, vegetables and other […]

  • NC Ports Authority Appoints New Executive Director

    28 March 2014
    Business & Finance

    Paul J. Cozza has been named the new Executive Director of the North Carolina State Ports Authority. The Authority’s Board of Directors confirmed the choice at its regularly scheduled meeting on Thursday. Cozza brings to the role extensive, high-level executive experience in the international transportation and logistics industry. He previously served in several roles for […]

  • Plymouth-Based Royal Marines Visit Bodrum (Turkey)

    2 October 2013
    Business & Finance

    Plymouth-based Royal Marines, affectionately known as ‘Bootnecks’, have completed a week-long adventurous training package as part of an annual deployment of the Royal Navy’s very high readiness Response Force Task Group 42 Commando Royal Marines from Bickleigh, near Plymouth, spent a week in Bodrum, Turkey where they took part in a number of activities including […]

  • CGGVeritas Signs Marine Charter Agreement with BOURBON for Six Seismic Support Vessels (France)

    28 June 2011
    Business & Finance, Project & Tenders

      CGGVeritas announced that it has signed a five-year marine charter agreement with BOURBON for six new support vessels to assist its seismic operations. The new vessels will be delivered starting at the end of 2012. Jean-Georges Malcor, CEO of CGGVeritas, said: “This agreement to charter vessels to support our seismic acquisition operations is another […]

  • South Korea Takes the Lead in Ship Orders in September

    12 October 2017

    Following the last year’s turmoil in the sector, shipyards from South Korea won the majority of orders worldwide in September 2017 and their order backlog increased for the first time in almost a 2-year period. Specifically, the country’s shipyards bagged orders amounting to a gross tonnage of 1.46 compensated million tons, Yonhap news agency reported, […]

  • USA: BAE Systems Cuts Steel for Construction of TSHD MV Magdalen

    10 June 2012
    Business & Finance

    BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered this week at the BAE Systems Mobile shipyard to oversee the initial cutting of steel for the vessel’s first module, which will weigh 130 tons. When complete […]

  • ‘China’s first large-scale offshore PV project’ ready for operation

    21 August 2024
    Business Developments & Projects, Project & Tenders, Research & Development, Technology

    The booster station for what is said to be China’s first large-scale, pile-fixed deep-water offshore photovoltaic (PV) project has been energized for the first time, marking the operational readiness of the project. The CGN Yantai Zhaoyuan 400 MW floating solar project, located in Laizhou Bay in northern Zhaoyuan City, spans 6,44 square kilometers and comprises […]

  • LR, WorleyParsons, Ardent form decommissioning consortium

    2 May 2018
    Equipment

     Lloyd’s Register (LR), WorleyParsons, and Ardent have partnered up to create what they call a collaborative supply chain approach to global decommissioning

  • Giant Boxships Good News for Rotterdam Port

    17 April 2015
    Business & Finance

    The Dutch Port of Rotterdam sees the increase in orders for giant container ships as a competitive advantage over rival ports. In recent months container shipping continued to increase in scale. In the last quarter the record for the largest container vessel in the world was broken twice, and it has now been announced that MOL (four 20,150 […]

  • DW: New oil & gas opportunities to emerge in Brazil despite challenges?

    4 July 2016

    Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay $130 billion (bn) worth of debt – nearly $24bn will mature by 2017, Douglas-Westwood said in its DW Monday report.  Efforts to sell non-core assets (pipelines, powerplants, bonds etc.) have been slow going and any attempt to divest upstream operations impeded by red […]

  • European Shipowners Call for Free Market Access in China

    31 October 2014

    The European shipowners have called for removal of market barriers for international shipping in China’s ports at the 11th Implementation Meeting of the China-EU Maritime Transport Agreement. The meeting, hosted by the Water Transport Bureau of the Chinese Ministry of Transport, was held in Haikou from 20 to 22 October. The agenda featured an exchange of […]

  • Matson Overhauling Its Alaska Operations

    29 July 2015
    Business & Finance

    U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ Alaska services. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition. Equipment upgrades to be made over the next three months […]

  • Conversion to methanol: The engine is the easy part

    8 March 2023
    Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Technology, Transition, Vessels

    Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has been followed by many of its peers, […]

  • IOG appoints new finances head

    13 September 2017
    Business & Finance

    Independent Oil and Gas (IOG), a development and production focused oil and gas company, has elected a new chief financial officer (CFO), effective immediately. IOG said on Wednesday that the company’s newly elected CFO was James Chance. He joined IOG in July 2015 and was most recently the company’s commercial director working extensively on IOG’s […]

  • 3D Oil awarded offshore permit close to ‘largest oil field ever discovered in Australia’

    29 July 2019

    Australia’s National Offshore Petroleum Title Administrator has awarded 3D Oil Limited the VIC/P74 permit in the offshore Gippsland Basin. 

  • SBI Offshore to design jack-up rig for Middle East-Chinese players

    19 August 2014
    Business & Finance, Equipment

    SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middle East-Chinese Consortium which comprises six parties that have varied […]

  • Port of New Orleans Breaks All-Time Container Record

    28 January 2019

    The Port of New Orleans (NOLA) set a new container volume record in 2018.

  • Alphaliner: Container Carrier Giants End 2016 in Red

    12 April 2017
    Business & Finance

    Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded positive operating results for the full year 2016, while the […]

  • Fitch Ratings: Container Shipping Is Poised for Further Consolidation

    31 March 2014

    Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings said. Recent developments, including the proposed merger of Hapag-Lloyd and CSAV, US regulatory approval of the P3 Network, and the expansion of the CKYH alliance to include Evergreen will all add […]

  • Lockheed Martin Team Lays Keel for US Navy’s Eleventh LCS

    20 February 2014
    Business & Finance

    The Lockheed Martin-led industry team officially laid the keel for the U.S. Navy’s eleventh Littoral Combat Ship (LCS), the future USS Sioux City, in a ceremony held at Marinette Marine Corporation. The industry team is building Freedom-class LCSs for the U.S. Navy, and has delivered two ships with five others under construction and one soon […]

  • Matson Overhauling Its Alaska Operations

    29 July 2015
    Business & Finance

    U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ Alaska services. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition. Equipment upgrades to be made over the next three months […]

  • Pre-Qualification Open for Corozal Port Development

    27 November 2015
    Business & Finance

    The Panama Canal Authority (ACP) issued on Wednesday a Request for Qualifications (RFQ) for companies interested in competing to design, develop, finance, construct, operate and maintain the Corozal Container Terminal on Wednesday. The Corozal Container Terminal will be located at the Pacific entrance of the waterway, and is intended to be a common user container […]