3679 results found for 'cgx'

3679 results found for 'cgx'
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  • Singapore: Ezra Prepares for Subsea Sector Growth

    1 March 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has sold 60 million shares in SGX-listed Ezion Holdings Limited (Ezion) as part of its capital allocation strategy. This divestment will strengthen Ezra’s cash position and reduce its stake in Ezion to approximately 5.6%. […]

  • WHL Energy Finishes La Bella Survey (Australia)

    17 December 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Australian energy company WHL Energy Limited announces the La Bella 3D seismic survey has been completed and that the specialist seismic acquisition vessel CGG Viking II is demobilising from the survey area. The survey has been completed with no reportable incidents and within budget, despite the challenges of weather and the environmental values of the […]

  • Technip Wins Frame Agreement from Statoil for Engineering Studies (Brazil)

    12 May 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      After a competitive tender process, Technip has been awarded by Statoil Brasil Óleo & Gàs Ltda. a frame agreement for engineering studies. The scope of this 3-year contract covers feasibility, concept and front-end engineering design studies for Statoil’s existing offshore production fields and future developments in Brazil. All work will be performed by Technip’s […]

  • 17 Shipping Firms Face Sanctions for Alleged Price Fixing

    29 February 2016
    Business & Finance

    Seventeen container shipping companies are facing sanctions due to alleged price fixing activities in the period from 2009 to 2013 between Peru’s Callao port and Asia, the Peruvian standards development organization Indecopi informs. If the allegations are confirmed, each company could receive a fine amounting to 12 percent of its parent company’s annual earnings, Reuters cited an official from the organization. […]

  • China Merchants Places Bid for London’s Baltic Exchange

    17 March 2016
    Business & Finance

    State-owned corporation China Merchants Group became the latest applicant to buy London’s Baltic Exchange, according to sources cited by Reuters saying that the company made an informal bid for the business. The group’s subsidiary, China Merchants Securities, made the informal offer for the business, considered to be the global shipping hub, which would provide the company […]

  • Malaysia: Nam Cheong Signs USD 130 Mln Contract with Bumi Armada

    28 February 2013
    Business & Finance

    Nam Cheong Limited, SGX Main Board-listed leading global offshore marine player and Malaysia’s largest Offshore Support Vessel (OSV) builder, today reported that it has entered into US$130 million worth of contracts with Armada Offshore MPSV Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada) for the sale of four Multi-Purpose Platform Support Vessels (MPSVs). […]

  • Summit LNG Terminal in Bangladesh facing constraints on pipeline delays

    15 January 2019

    Summits LNG Terminal, a Summit Corporation unit, is set to start up in March as planned despite potential pipeline construction delays. 

  • COSCO Shipping Holdings Books USD 1.4 Bn Loss

    30 March 2017
    Business & Finance

    Shanghai-listed COSCO Shipping Holdings Co, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has reported a loss of CNY 9.9 billion (USD 1.4 billion) in its annual report for 2016. As a result the company proposed that no dividend is distributed this year. The loss was mainly attributed to the challenges posed by the complexity of […]

  • Alphaliner: 13,000 TEU Boxships to Find New Homes amid US Demand Slump

    22 June 2016
    Business & Finance

    Weak US demand is forcing container shipping companies to search for new homes for their 13,000 TEU vessels, according to Alphaliner. Displaced by even larger tonnage on their current services, many such ships were originally earmarked for re-deployment to transpacific Asia – US routes. Meanwhile however, several carriers have decided to downscale their transpacific capacity provision in […]

  • Wärtsilä to Turn 3 Boxship Newbuildings Green

    18 June 2015
    Business & Finance

    Finnish engineering company Wärtsilä has received an order for three of its Hybrid Scrubber Systems to be installed on 2,500 TEU container vessels currently under construction at the Jinhai Heavy Industry Co., Ltd in China. Wärtsilä says the installation was ordered by ”a major European owner and operator,” possibly by the French container line CMA CGM, which placed an […]

  • Alphaliner: Was Box Shipping’s Digital Fanfare in Vain?

    18 October 2017
    Business & Finance

    Although various carriers are intensifying their efforts to digitise some of the transactional parts of their business, it is still unclear if technology will finally transform the container shipping industry, according to Alphaliner. About half of all bookings for container shipments continue to be made manually, while up to a third of shipping invoices are […]

  • Technip wraps up diving assets sale

    16 December 2014
    Business & Finance, Project & Tenders

    French oilfield services provider Technip has completed the previously announced sale of its Diving Assets in the US Gulf of Mexico to Ranger Offshore Inc. According to the company, this sale reinforces Technip’s strategy to focus on its core North America subsea business lines of high technology and ultra-deep water products and services, which, together […]

  • TNPA Chief Executive to Give Keynote at Cool Logistics Africa

    19 December 2013
    Business & Finance, Equipment, Technology

    Tau Morwe, Chief Executive of Transnet National Ports Authority (TNPA), has been confirmed as a keynote speaker at the 3rd Cool Logistics Africa conference, taking place in Cape Town, South Africa on 4-6 March 2014. As one of the five divisions of Transnet Ltd, South Africa’s national transport operator, TNPA is responsible for managing infrastructure […]

  • OGpar resumes production at Tubarao Martelo field

    4 July 2016
    Equipment

    OGpar, a Brazilian oil and gas company formerly known under the name of OGX, has informed that it has resumed production from its Tubarao Martelo oil field, offshore Brazil. The company, which filed for bankruptcy protection in 2013, said that on July 1, 2016, it received a letter issued by Agência Nacional de Petróleo, Gás Natural […]

  • Top News – January 27 to February 2, 2014

    2 February 2014
    Business & Finance, Equipment, Technology

    Australia: Walker Shoal Dredging Completed, INPEX Says The most technically challenging phase of the Darwin Harbour dredging program is wrapped up, INPEX announced.   CHEC Nabs Ras Al-Khair Port Dredging Contract (Saudi Arabia) On January 15, CHEC won the bid for Phase 4 of extension of Ras Al-Khair Port in Saudi Arabia, with a construction […]

  • TGS set to conduct 4D survey in Gulf of Mexico

    6 February 2023
    Business & Finance, Business Developments & Projects

    Norwegian seismic player TGS has signed a letter of authorization (LOA) to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico.

  • Boxship Majors Form New Asia-ECSA Loops

    23 June 2015

    Six major container lines are teaming up on new Asia – East Coast South America weekly services starting on July 11, when the first container ship in one of the services is scheduled to leave South Korea’s port of Pusan. NYK Line, CMA-CGM, Hamburg Süd, Hapag-Lloyd, China Shipping Container Lines, and United Arab Shipping Company will deploy a total […]

  • ESC: Shipping Alliances Lead to Market Convergence

    17 February 2015
    Business & Finance

    The increased collaboration between the French container ship operator CMA CGM and Germany’s Hamburg Süd will bring the container liner market one step closer to total convergence, the European Shippers’ Council warns. This will reinforce the risk of reducing service quality and sailing frequency as well as free choice for manufacturers and retailers, as well as enhancing […]

  • Technip Enters Frame Agreement with Statoil for Engineering Studies in Brazil

    12 May 2011
    Business & Finance

      After a competitive tender process, Technip has been awarded by Statoil Brasil Óleo & Gàs Ltda. a frame agreement for engineering studies. The scope of this 3-year contract covers feasibility, concept and front-end engineering design studies for Statoil’s existing offshore production fields and future developments in Brazil. All work will be performed by Technip’s […]

  • Singapore: Ezra Sells Ezion Stake. Prepares for Subsea Sector Growth

    1 March 2012
    Business & Finance

    Ezra Holdings Limited , an offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has sold 60 million shares in SGX-listed Ezion Holdings Limited  (Ezion) as part of its capital allocation strategy. This divestment will strengthen Ezra’s cash position and reduce its stake in Ezion to approximately 5.6%. Mr […]

  • Bourbon’s 3rd Seismic Support Vessel Delivered

    4 December 2013

    Grandweld Shipyards has completed the delivery of ‘Bourbon Gannet’, the third Hybrid Seismic Support Vessel in a series of six for Bourbon Offshore. The vessel was handed over in a delivery ceremony held on Saturday November 23, 2013 at Grandweld facilities at Dubai Maritime City. The 54m long, and with a bollard pull of 50 […]

  • India: Delays at Port Nehru Container Terminal

    2 August 2012

    India’s largest container handling facility is experiencing major setbacks in container operation due to the recent collapse of a container crane at Jawaharlal Nehru Container Terminal at Nhava Sheva Port, Port Technology news site reported citing a senior official from Orient Overseas Container Line (OOCL) India. According to the same source, the terminal is running […]

  • LNG-fueled boxship study revealed

    28 October 2015
    Vessels

    GTT of France, shipping company CMA CGM and the classification society DNV GL released a technical and feasibility study for a new box ship named PERFECt.

  • WinGD hits X-DF milestone with GasLog order

    5 July 2018

    Winterthur Gas & Diesel (WinGD) said it has hit a milestone with the 100th order for its X-DF engine placed by the Monaco-based shipper GasLog.  

  • B.C., Moricetown Band sign LNG benefits agreement

    26 January 2015
    Project & Tenders

    The Moricetown Band said it has reached agreements for two proposed natural gas pipeline projects to become partners in B.C.’s liquefied natural gas industry and opening the door to economic growth within its community and membership.