3678 results found for 'cgx'

3678 results found for 'cgx'
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  • Oceaneering sets record EPS in 4Q

    19 February 2014
    Business & Finance

    Oceaneering International, Inc. has reported record fourth quarter and annual earnings for the periods ended December 31, 2013. For the fourth quarter of 2013, Oceaneering earned net income of $93.4 million, or $0.86 per share, on revenue of $894.8 million. During the corresponding period in 2012, net income was $80.6 million, or $0.74 per share, […]

  • Drewry: New Alliance Networks-Winners and Losers

    13 March 2017
    Business & Finance

    The Ocean Alliance has the most services at its disposal with a total of 40 loops spread across seven East-West trades, a comparison of new carrier alliances from shipping consultancy Drewry shows. The Ocean Alliance is followed by THE Alliance with 32 services and 2M with 25. As the market braces for the new alliance networks set […]

  • Twenty Vessels Sold Last Week

    6 April 2014

    Lion Shipbrokers said that a total of twenty vessels changed their owners last week. Namely, twelve bulk carriers, one container vessel and seven tankers have been acquired by various shippers. BULKERS M/V “SHAGANGFIRST ERA” – 181,447 dwt, blt 2010 Koyo Dockyard/Japan, NK, 9 HO/9 HA, MAN-B+W 6S70MC-C – Sold to undisclosed buyers for $54 – […]

  • Hapag-Lloyd CEO: We are definitely looking into methanol and ammonia

    5 June 2023
    Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels, Vision

    German container shipping company Hapag-Lloyd is considering investments in methanol and ammonia-ready newbuilds, alongside exploring wind propulsion options, as part of its sustainability agenda. Speaking today in a live session, Hapag-Lloyd CEO Rolf Habben Jansen expressed openness to alternative fuels, stating that while LNG has been a significant focus for the company, Hapag-Lloyd is actively […]

  • Maersk CEO: We are committed to making a tangible environmental impact in this decade

    2 November 2022
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    Danish shipping group Maersk is pressing ahead with its first-mover tactics when it comes to decarbonizing its operations as it looks to reap its first fruits already this decade. “We have recently announced the order of further six dual-fueled green methanol-enabled container ships. As we maintain our commitment to a fleet size of 4.3 million […]

  • In focus: Don’t let a good energy crisis go to waste

    9 September 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Storage, Transition, Vessels, Vision

    The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kind of individual approach to tackling […]

  • Ship It Zero urges shipping companies to break up with fossil fuels

    26 May 2022
    Outlook & Strategy, Transition, Vessels, Vision

    The Ship It Zero coalition has urged shipping companies to cancel all new fossil fuel newbuilds in their orderbooks and invest only in zero-emission technologies and fuels for their future global fleets.

  • Bond Offshore Helicopters Crew Honored for Bravery in ‘VOS Sailor’ Rescue Mission

    4 October 2013

    A Bond Offshore Helicopters crew was honored yesterday for its key role in a dramatic North Sea rescue last December The crew has received an award at the Shipwrecked Mariners’ Society’s annual Skill and Gallantry Awards which for 162 years has recognised the bravery of those who risk their lives in dangerous sea and air/sea rescues. […]

  • New horizons: India pledges $23.8B support to revamp domestic maritime industry

    14 March 2025
    Authorities & Government, Infrastructure, Ports & Logistics, Vision

    The Indian government said it has ₹2 trillion (around $23.8 billion) allocated to expand domestic shipbuilding capabilities, breathe new life into the country’s maritime industry and position India among the top five shipbuilding nations by 2047. As informed, this latest effort aligns with the “Maritime India Vision 2030” and the “Maritime Amrit Kaal Vision 2047” […]

  • Hapag-Lloyd, NABU: No place for ‘unsustainable’ biofuels in shipping’s future fuel mix

    17 February 2025
    Environment, Regulation & Policy, Rules & Regulation

    German container shipping major Hapag-Lloyd, compatriot environmental association NABU and a number of other companies have jointly called on the International Maritime Organization (IMO) to remove ‘unsustainable’ biofuels from its list of alternative fuels.

  • NYSHEX CEO: Digitization Is the New Normal

    19 February 2018
    Business & Finance

    CEO of New York Shipping Exchange speaks about progress made so far and future plans.

  • UAE Hosts 2nd Counter-Piracy Summit

    27 June 2012
    Business & Finance

      The human and economic cost of maritime piracy and exploring ways to enhance the effectiveness of a regional responses are the focus of the 2nd high-level, public-private UAE Counter-Piracy Conference, co-convened by the UAE Ministry of Foreign Affairs and global marine terminal operator DP World, that begins today (June 27). His Highness Sheikh Maktoum […]

  • FreeSeas Enters into Assignment and Amendment Agreement with Deutsche Bank

    27 September 2013
    Business & Finance

    FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced yesterday that it has entered into an assignment and amendment agreement with Deutsche Bank Nederland N.V., a Magna Group affiliate fund Hanover Holdings I, LLC, Crede CG III, Ltd a wholly-owned […]

  • BP Produces Oil from West Chirag Platform

    29 January 2014

    The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned in 2010. West Chirag production […]

  • Government of India Grants Maharatna Status to GAIL

    4 February 2013

    GAIL (India) Limited, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas and India’s largest natural gas company, was accorded the Maharatna status by the Government of India. Dr. M. Veerappa Moily, Minister for Petroleum and Natural Gas felicitated the GAIL team on achieving this recognition. Speaking on the occasion, the Minister […]

  • Interview: Over-Optimism Cause of Containership Market’s Woes?

    19 September 2018

    Daniel Richards, container shipping analyst at MSI, comments on the state of play in the market.

  • Spirit Energy farms into Hurricane’s West of Shetland licenses

    3 September 2018
    Exploration & Production, Infrastructure

    Spirit Energy has farmed into 50% of Hurricane Energy’s Lincoln and Warwick licenses offshore UK.

  • Centrica, Bayerngas set up new E&P company

    17 July 2017
    Business & Finance

    UK’s Centrica and Germany’s Stadtwerke München GmbH (SWM) will combine Centrica’s European oil and gas exploration and production (E&P) business with Bayerngas Norge to create an independent European E&P company. The joint venture will have two shareholding entities where Centrica will own 69% and Bayerngas Norge’s existing shareholders, led by SWM and Bayerngas GmbH, will […]

  • Nam Cheong 3Q profit at record levels

    11 November 2014
    Business & Finance

    Nam Cheong Limited, a Malaysia’s Offshore Support Vessel builder, has reported an 81% rise in revenue to RM618.6 million for the 3Q 2014 from RM341.2 million in the corresponding period last year (“3Q 2013”). The robust top line performance boosted 3Q 2014’s net profit by 112% to a record RM125.6 million from RM59.2 million in […]

  • QGOG’s rigs facing early termination?

    10 July 2015

    Fitch Ratings has downgraded its ratings on the QGOG-sponsored oil vessel-backed financings to ‘BB’ from ‘BB+’. Concurrently, Fitch has removed the rating from Rating Watch Negative and assigned a Negative Outlook.   The rating action affects approximately $316.5 million of senior secured notes issued by QGOG Atlantic / Alaskan Rigs Ltd. A full list of […]

  • SCOD Presents the US Coast Guard Sea Eagle, Ultra Green Homeland Security Vessel

    4 May 2012

    SCOD Presents the US Coast Guard Sea Eagle; The Ultra Green Homeland Security vessel that’s tough on the bad guys, but kind to the Ecology. The first Coast Guard Cutter to provide extensive surveillance, on , above and below the ocean. The E Class Search and Rescue Sea Eagle with Helipad and underwater ROV (Remote […]

  • University of Delaware to Reduce Offshore Wind Energy Costs (USA)

    6 October 2011
    Business & Finance

    The University of Delaware is coordinating six companies in a design effort to reduce the cost of energy and the time to deployment as well as attract investment in offshore wind power. With a $500,000 grant from the Department of Energy and an equal amount contributed by the companies, the consortium will design an integrated […]

  • THE Alliance Unveils Safety Net in Case of Bankruptcy

    9 March 2017
    Business & Finance

    The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be used if one of the carriers suffers a bankruptcy. Through the contingency plan, the fund will be used to continue alliance operations in the event of insolvency of one or more members of THE Alliance, which […]

  • Uptake of LNG as Fuel Slower than Expected. Will It Finally Pick Up?

    23 November 2017
    Rules & Regulation

    In 2012, DNV GL predicted that by 2020, the LNG-fuelled fleet would comprise around 1,000 vessels. Three years later, this figure was revised downwards to between 400 and 600 vessels, with low oil price and slower than expected development of bunkering infrastructure cited as key reasons. Today, there are 117 vessels burning LNG, of which […]

  • Advancing infrastructure projects at SC Ports

    1 November 2020
    Infrastructure

    South Carolina Ports Authority is continuing to advance infrastructure projects, securing its position as the preferred U.S. container port ahead of an incredibly significant year. SC Ports is investing more than $2 billion to build timely, world-class infrastructure, ensuring ample capacity and big-ship capabilities for decades to come. In 2021, SC Ports will open the […]