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  • 30 September 2015
    Business & Finance

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club. The Drewry Benchmarking Club contract rate index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 7% between […]

  • 30 September 2015
    Business & Finance

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club. The Drewry Benchmarking Club contract rate index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 7% between […]

  • 28 September 2012
    Business & Finance

    The finalists for the Oil & Gas UK Awards, sponsored by Shell U.K. Limited, have been announced. This year’s awards are set to be the most hotly contested yet, after a record number of entries were submitted across the five categories. The prizes will be awarded at the annual awards ceremony at Aberdeen Exhibition and […]

  • 4 October 2011
    Business & Finance

      Peel Ports have selected DBIS to deliver a major upgrade of the automation and management systems at their Agri-Bulk terminals at The Port of Liverpool. The Grain Terminal and Animal Feed/Biomass store is Britain’s largest import facility, having a Siwertell continuous un-loader capable of discharging at a rate of 1,800 tonnes per hour and […]

  • 14 August 2013

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced its financial results for the six months ended 30 June 2013. The Group achieved a revenue of RM1.7 billion with profit before tax of RM109 million. During the quarter, MHB successfully completed the Gumusut-Kakap Floating Production System (FPS). The semi-submersible floating production system was the largest such facility in the […]

  • 25 December 2016
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (December 18– December 25). Forland Subsea informed that EMAS AMC AS has defaulted on charter payment for the LCV/IMR subsea vessel “Lewek Inspector” due to financial distress. According to Forland, the company is behind on the payment for the month […]

  • 11 July 2012
    Business & Finance

    Sri Lanka Ports, Trade & Logistics two day Conference and Exhibition, launched under the initiative of Hon.Minister of Transport – Kumara Welgama commenced on the 10th July 2012 in Colombo. The conference supported by Sri Lanka Ports Authority (SLPA), is another important annual fixture in the international maritime events diary. Concentrating on the salient issues […]

  • 22 October 2013

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced its financial results for the nine  months ended 30 September 2013. The Group achieved a revenue of RM2.2 billion with profit before tax of RM151 million. During the quarter, the Damar Topside successfully sailed away from MMHE West Yard to its location offshore Terengganu in the Peninsular Malaysia. MHB […]

  • 12 May 2014
    Business & Finance

    More shippers are benchmarking their container shipping costs to ensure that they secure the most favourable freight rates possible, Drewry, a  specialist research and advisory organisation for the maritime sector, said in a release. A fast growing number of major US, Asian and Europe-based international companies, including FMCG, industrial and chemicals multinationals and a top-three […]

  • 28 September 2012
    Business & Finance

    The finalists for the Oil & Gas UK Awards, sponsored by Shell U.K. Limited, have been announced. This year’s awards are set to be the most hotly contested yet, after a record number of entries were submitted across the five categories. The prizes will be awarded at the annual awards ceremony at Aberdeen Exhibition and […]

  • 23 March 2011
    Business & Finance

    Neuenfelder Maschinenfabrik GmbH (NMF) has a new management team: Ralf Ressel (CEO) and Goran Curic (COO) are now in charge as managing directors. Karl-Heinz Heck, previously responsible for Sales and Service, has left the management team with immediate effect. NMF’s partner, J.J. Sietas KG Schiffswerft GmbH & Co., asks for understanding for not publishing the […]

  • 11 July 2012

    Sri Lanka Ports, Trade & Logistics two day Conference and Exhibition that commences on the 10th July 2012 with the initiative of Hon. Minister of Transport – Kumara Welgama at the Hilton Hotel in Colombo. The conference supported by Sri Lanka Ports Authority (SLPA), is another important annual fixture in the international maritime events diary. […]

  • 23 March 2011
    Business & Finance

    Neuenfelder Maschinenfabrik GmbH (NMF) has a new management team: Ralf Ressel (CEO) and Goran Curic (COO) are now in charge as managing directors. Karl-Heinz Heck, previously responsible for Sales and Service, has left the management team with immediate effect. NMF’s partner, J.J. Sietas KG Schiffswerft GmbH & Co., asks for understanding for not publishing the […]

  • 14 August 2013
    Business & Finance

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has announced results for 2Q 2013 and six months ended 30 June 2013. The group’s quarterly profit was RM 47,9 million (USD 14.6 million), a drop compared to the 2Q 2013 when the company earned RM 55,5 million (USD 17 million) For the six months ended June 30, 2013 […]

  • 2 May 2014
    Business & Finance

    ExxonMobil, world’s largest publicly traded international oil and gas company,  has announced its quarterly results. ExxonMobil Chairman Rex W. Tillerson commented: “ExxonMobil’s first quarter earnings and cash flow reflect the company’s continuing focus on delivering profitable growth and creating long-term shareholder value. Strong performance in the Upstream benefitted from improved production mix and increased unit […]

  • 21 May 2013

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced its financial results for the three months ended 31 December 2013. The Group achieved a revenue of RM922 million (RM665,3 million) with profit before tax of RM57 million. During the quarter, MHB successfully completed and delivered the OSX-3 FPSO External Turret and the Telok-B Jacket. On […]

  • 8 September 2011
    Business & Finance

    The World Container Index, the first Europe-based assessment of container freight rates, has gone live on schedule (on September 1, 2011), ushering in a new era of price discovery and risk management solutions in the container freight market. The first published World Container Index freight rates show increases on some, but not all, major routes. […]

  • 11 March 2019
    Business & Finance

    All DNV GL classed vessels can now use the possibility of remote surveys.

  • 12 June 2012
    Business & Finance

    In March 2012, APM Terminals Maasvlakte II announced an order for 36 diesel-electric Lift-Automated Guided Vehicles (Lift-AGVs) from Gottwald representing the first terminal operator to use Lift-AGVs in operations. Now, APM Terminals pushes the boundaries even further by changing the scope from diesel-electric powered Lift-AGVs towards fully electric Battery Lift-AGVs. APM Terminals Maasvlakte II has […]

  • 12 June 2012

    In March 2012, APM Terminals Maasvlakte II announced an order for 36 diesel-electric Lift-Automated Guided Vehicles (Lift-AGVs) from Gottwald representing the first terminal operator to use Lift-AGVs in operations. Now, APM Terminals pushes the boundaries even further by changing the scope from diesel-electric powered Lift-AGVs towards fully electric Battery Lift-AGVs. APM Terminals Maasvlakte II has […]

  • 11 December 2012
    Business & Finance

    Avalon Mayor Mar­tin Pagli­ughi and Stone Har­bor Mayor Suzanne Wal­ters announced that a major beach renour­ish­ment project autho­rized ear­lier this year by the United States Army Corps of Engi­neers will com­mence on or about Decem­ber 15th. The project will result in up to 450,000 cubic yards of new sand to be placed on the Seven […]

  • 13 June 2014
    Business & Finance

    EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, has entered into the agreement to acquire ExxonMobil Exploration and Production Malaysia Inc.’s interest in the Seligi oil field and the PM8 PSC, located offshore Malaysia. The agreement is subject to the approval of Petroliam Nasional Berhad (“PETRONAS”) and satisfaction of certain conditions precedent. […]