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  • 9 August 2013
    Business & Finance

    Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD 2.0 million. The transaction will have no profit or loss impact in Q3 2013. The terms of the sale are that the vessel must be recycled according to ISO-standards. The transaction was part of the […]

  • 3 February 2015
    Business & Finance

    Japan’s Mitsui Engineering & Shipbuilding has posted JPY 557.93 billion (USD 4.75 bn) revenue for the nine months ending December 31, 2014, a 26.4% increase compared to the same period last year. However, despite the rising revenue, MES recorded JPY 9,248 billion (USD 78.8 m) net income,  a 12% slide compared to 2013.  The company’s Ship & Ocean sector recorded a […]

  • 9 September 2014
    Business & Finance

    The latest data by the China Association of National Shipbuilding Industry (CANSI) reveals that Chinese shipbuilding companies received more orders but recorded declining profits in the first seven months of 2014, China Daily reports. The CANSI described the shipbuilding market outlook as ”not optimistic” on the account of overcapacity and fiercer competition leading to fewer ship transactions and […]

  • 5 October 2015
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Norway’s Fuglesangs Subsea (FSubsea) and the German pump company RuhRPumpen have partnered to develop advanced subsea centrifugal pump solutions. The two firms have joined forces to deliver seabed boosting and injection systems. The partnership should leverage FSubsea’s subsea pump system expertise with RuhRPumpen’s more than 65 years of experience in oil & gas pump development and manufacturing. […]

  • 29 January 2020
    Business & Finance, Project & Tenders, Vessels

    Baggerbedrijf de Boer – Dutch Dredging BV is about to complete dredging works at the Queens Wharf and Caricom Wharves, Port of Spain, and ancillary works for the Government Shipping Service (GSS) of Trinidad and Tobago. According to the Dutch company, the dredging at the Queens Wharf in Port of Spain is being done by […]

  • 9 November 2009

    Russian import of fish and sea food is decreasing as measures aimed at promoting domestic production are gaining impact. Russian import of fish and sea food shrunk with 41 percent in the period January-October 2009 compared to the same period in 2008, B-port.com reports.

  • 24 February 2015
    Business & Finance

    The Hong Kong-based containership owner and operator Seaspan ended the fourth quarter 2014 with USD 27.7 million net profit, 59.3% less compared with USD 68,2 million reported for the same period in 2013. Seaspan recorded USD 132.1 million profit for the full year ended December 31, 56.1% less than USD 299 million net profit reported in 2013. Revenue […]

  • 3 January 2007

    A stricken cargo vessel which ran aground near a harbour has been re-floated following a major operation. The MV Emsland, laden with 1776 tonnes of timber, got into trouble shortly after it left the Port of Montrose, in Angus, on 29 December.

  • 10 April 2015

    Norwegian shipowners have reported a downward shift in shipowner expectations for growth in turnover in 2015. As shown in 2015 Maritime Outlook report by the Norwegian Shipowners Association (NSA), only a 2.3 pct profit increase is expected by Norwegian shipowners in 2015 from NOK 262 billion to NOK 268 billion. This is markedly less optimistic than expectations […]

  • 21 June 2018
    Operations & Maintenance

    While Vattenfall’s Danish nearshore wind farms – Vesterhav Syd and Nord – will power numerous light bulbs, the developer has requested permission from the authorities to reduce the night-time light markings on the wind turbines themselves.

  • 15 August 2014

    The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) has released a report for July 2014 showing that the number of incidents of piracy and armed robbery against ships in Asia has decreased from 21 incidents reported in June 2014 to 14 incidents in July 2014. Of the 14 […]

  • 20 May 2015

    Exmar of Belgium shipped 5.02 million tonnes of liquefied natural gas onboard its vessels in 2014.

  • 20 May 2015

    Exmar of Belgium shipped 5.02 million tonnes of liquefied natural gas onboard its vessels in 2014.

  • 14 August 2012

    Argentina plans to purchase about 30 percent less LNG than originally expected in 2012, Reuters reported, citing a source at ENARSA. “Of the 80 cargoes that were first estimated, only 70 percent will be purchased,” said the source. “The main reason is the increase in gas being piped in from YPFB,” the ENARSA source added. […]

  • 17 January 2017

    Liquefied natural gas (LNG) imports into Taiwan, the world’s fifth largest importer, dropped 7.7 percent in November year-on-year. Taiwan, that uses LNG to fuel its gas-powered power plants, imported 1.22 million mt of LNG in November, as compared to 1.32 million in the same month last year, according to the data released by the Directorate […]

  • 21 June 2018
    Operations & Maintenance

    While Vattenfall’s Danish nearshore wind farms – Vesterhav Syd and Nord – will power numerous light bulbs, the developer has requested permission from the authorities to reduce the night-time light markings on the wind turbines themselves.

  • 12 July 2011

      A new oil spill was reported off China’s northern coast on Tuesday, the third such incident on the Bohai Sea in less than two months… ( Xinhua ) [mappress] Source: Xinhua , July 12, 2011;

  • 9 October 2014
    Business & Finance

    Making money by investing into ships on speculation is limited, despite the fact that prices of ships are pretty low, Nils Smedegaard Andersen, Chief Executive Officer, A.P. Møller-Mærsk said yesterday in a keynote speech at Danish Maritime Days taking place in Copenhagen. As explained by Andersen, “ownership is a minus game” because apart of the […]

  • 10 September 2019
    Business & Finance

    The company’s current CEO resigned after less than two years in the role.

  • 27 September 2006

    The conservation group WWF is calling on European consumers to think twice before they eat fish. A WWF report says much of the fish sold in Europe is the product of illegal, destructive or wasteful fishing. The report warns that continuing to buy it will bring many fish stocks to the brink of extinction. One […]

  • 1 May 2018
    Business & Finance

    GSL’s net income for the quarter dropped to USD 4.2 million from USD 6.8 million reported in the first quarter of 2017.

  • 8 August 2013

    Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD2.0 million. The transaction will have no profit or loss impact in Q3 2013. The terms of the sale are that the vessel must be recycled according to ISO-standards. The transaction was part of the Company’s […]