3671 results found for 'cgx'

3671 results found for 'cgx'
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  • USA: “State of Florida Ports” Introduced

    13 March 2013
    Business & Finance

    The Florida Ports Council has announced a new publication the State of Florida Ports, a resource of detailed information on each Florida seaport. The report provides an updated port profile for each of Florida’s seaports, including economic impact information and status updates for their major projects, as well as accomplishments and testimonials. The report also […]

  • Crude oil prices rise for the first time in seven days

    17 June 2016

    By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 percent […]

  • PACC Offshore Services Holdings files for IPO of up to $311M

    17 April 2014
    Business & Finance

    PACC Offshore Services Holdings Ltd. (“POSH”), a Singapore-based operator of offshore support vessels has today launched its Initial  Public Offering  on the Main Board of the Singapore Exchange Securities Trading Limited.   The Offering The Company, in consultation with its Joint Issue Managers, Bookrunners and Underwriters, BofA Merrill Lynch, DBS Bank and OCBC Bank, has […]

  • Maersk CEO: No Reason to Order New Megaships

    17 August 2017
    Business & Finance

    There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, according to Søren Skou, Chief Executive Officer of A.P. Møller – Mærsk A/S. The comment was made in an earnings call anent the CMA CGM 22,000-TEU megaship order rumors and its potential impact on capacity […]

  • MSC Turns to DSME, SHI for 22,000 TEU Megaships

    21 September 2017
    Business & Finance

    Swiss-based Mediterranean Shipping Company (MSC) has opted for South Korean shipbuilders Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to construct eleven 22,000 TEU containerships for the company. The order was confirmed to World Maritime News by an MSC spokesperson, saying the deal terms have not been disclosed yet. “A significant number of […]

  • MP Simon Hart Gets Bombora’s Wave Power Project Tour

    23 July 2019
    Authorities & Government, Research & Development, Technology

    Simon Hart MP visited Bombora for an update on Bombora’s innovative mWave Pembroke demonstration project being conducted at Pembroke Dock. The MP for Carmarthen West and South Pembrokeshire was able to examine the test tank which supplies critical test data for the mWave engineering design team. He was also able to see the main steel […]

  • VBMS – A Busy Boskalis Business

    13 March 2017
    Business & Finance, Project & Tenders

    While its mother company Boskalis reported a revenue decline of 20% for 2016, VBMS achieved an 80% increase in revenue from offshore wind projects including Sandbank, Nordergründe, Rampion, Galloper, Egmond, Aberdeen, Borssele and Blyth.

  • Norway: Rolls Royce Installs Large PG-KRAL Pumps

    16 January 2013

    PG has worked in close cooperation with Rolls Royce Brattvaag to develop a full line of main hydraulic feed pumps to their AHTS-, and Trawler- winches over the past few years. Based on KRAL’s most recognized CL and CG range of tripple-screw-pump products – which have been extensively tested at RRB’s test fields with exceptionally […]

  • SIPG, Evergreen Marine sign green methanol supply deal

    16 January 2024
    Business Developments & Projects, Infrastructure, Ports & Logistics, Vessels

    SIPG and Evergreen Marine recently signed a memorandum of cooperation on green methanol fuel supply for ships in the port.

  • SWS strikes deal for eight methanol-powered 9,200 TEU boxships

    28 September 2023
    Vessels

    Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation (CSSC), has signed a contract for the construction of eight methanol-powered 9,200 TEU containerships.

  • Top Petrobras executives leave after clashing with incoming CEO

    29 March 2021
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Several top executives of state-own Brazilian oil company Petrobras decided to leave the company following the end of their mandate on 20 March.

  • NGO Shipbreaking Platform: Shipping Companies Still Favor the Worst Scrapyards

    4 February 2020
    Business & Finance

    A total of 674 ocean-going commercial ships and offshore units were sold to the scrapyards in 2019.

  • MSC Rejects Pollution Claims

    13 December 2019
    Business & Finance

    MSC reiterated its commitment to the environment after it was called out as one of the EU’s top ten polluters.

  • Port of Riga Starts Servicing LNG-Fueled Boxships

    19 July 2019

    Latvian Port of Riga has begun servicing LNG-powered container vessels.

  • Yangzijiang Shipbuilding’s Earnings at All-Time High

    6 August 2014
    Business & Finance

    One of China’s top shipbuilders Yangzijiang Shipbuilding (YZJ) has recorded the strongest quarterly earnings of RMB 1.24 billion based on the shipbuilder’s latest results, up 52 % year on year.   Despite having 9 vessels delivered in 2Q 2014 compared to 11 vessels in 2Q 2013, the shipbuilding related segment’s revenue contribution only decreased slightly […]

  • USA: Flagship of the FSUCML Fleet, The APALACHEE Delivered

    4 March 2013

    Geo Shipyard Inc, New Iberia, La, recently delivered the R/V “APALACHEE”, a 64x21x9’, aluminum catamaran for Florida State University Coastal Marine Laboratory, St Teresa, Florida. Designed by Fyffe Yachts with NC lofting by Eli Ring, VP of Advance Fabricating, both of Kemah, Texas, the 48 passenger T-boat will support various research functions in the Gulf […]

  • Singapore: Sembcorp to Convert VLCC into FPSO for MODEC

    4 October 2011
    Business & Finance

    Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV “TAR II” (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. This conversion project involves the installation of an external turret mooring system and […]

  • Boweven CEO: “Results from the IM-5 well continue to please” (Cameroon)

    2 April 2013

    Bowleven, the Africa focused oil and gas exploration group traded on AIM,has announced the preliminary results of the first test at the IM-5 appraisal/development well drilling offshore Cameroon. A Drill Stem Test (DST) was performed on the Middle Isongo interval and preparations are now underway to test the Intra Isongo interval. Highlights – Middle Isongo […]

  • Independent Oil and Gas reorganizes board and management team

    21 March 2017
    Business & Finance

    UK-based Independent Oil and Gas (IOG), a development and production focused oil and gas company, has made several board and senior management changes, effective March 20, 2017. IOG said on Tuesday that Andrew Hockey joined the board as a deputy chief executive. Until the end of 2015, Hockey was the general manager of business development at […]

  • Maersk Line Settles Competition Case with Russia’s FAS

    8 February 2017
    Business & Finance

    Danish boxship giant Maersk Line has reached an agreement today with the Federal Antimonopoly Service of the Russian Federation (FAS) to settle a competition case regarding Maersk Line and other shipping lines’ use of price announcements to the Russian market. As explained, the deal is subject to payment of a settlement fee worth USD 230,000 by Maersk […]

  • OOIL Sees Red Ink amid Difficult Markets

    13 March 2017
    Business & Finance

    Due to challenging market conditions, Hong Kong’s Orient Overseas International Limited (OOIL), owner of container transport businesses OOCL, suffered a full-year loss of USD 219.2 million in 2016, compared to a profit of USD 283.9 million seen a year earlier.  The company’s operating loss stood at USD 138.2 million, against an operating profit of USD […]

  • Through Singapore’s CLTX, German bourse seeks to tap Asia’s commodities

    4 May 2017

    By Vera Eckert SINGAPORE (Reuters) – Singapore’s Cleartrade Exchange expects the overall market size of its core products of iron ore, shipping, and fuel oil to grow strongly to $200 million (155 million pounds) by 2020, and it aims to take a growing slice of that trading, its chief executive told Reuters. Cleartrade Exchange (CLTX) […]

  • Aloha and Piuraa Horizon Lines

    31 May 2015
    Business & Finance

    The US ocean cargo carrier Horizon Lines has completed the previously announced sales of its Alaska operations to Matson Inc. for USD 469 million, and its Hawaii trade lane assets to The Pasha Group for USD 141.5 million.    Matson acquired the stock of Horizon for USD 0.72 per fully diluted common share, or USD 69 million, and repaid […]

  • Fuel Surcharge Collections Put Pressure on Matson’s Profit

    4 May 2017
    Business & Finance

    US-based container carrier Matson reported a drop of over 60 percent in its net income for the first quarter of 2017, reaching USD 7 million, compared to a net income of USD 18.1 million seen in the same period a year earlier. For the quarter ended March 31, 2017, the consolidated revenue stood at USD […]

  • Sovcomflot Navigates Back to Black

    29 August 2014
    Business & Finance

    OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year.  SCF’s interim report has revealed that: […]