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  • 1 August 2017
    Business & Finance

    Shipbuilding woes continued to put a significant amount of pressure on South Korea’a Hyundai Heavy Industries (HHI), as the shipbuilder saw a 49.7 percent drop in its net income during the second quarter of 2017. HHI delivered a net income of KRW 69.2 billion (USD 61.6 million) for the quarter ended June 30, down from KRW […]

  • 13 July 2015

    LNG use by Japan’s ten independent regional electric power companies dropped 8 percent in June, as compared to the same month a year before. The companies consumed 4.16 million mt of the chilled gas in June, according to data from the Federation of Electric Power Companies of Japan (FEPC). The 10 utilities bought 4.50 million […]

  • 27 November 2017
    Ports & Logistics

    Liquefied natural gas (LNG) use by Japan’s power companies declined by 11.2 percent in August as compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows. The power companies consumed 4.60 million mt of LNG in August as compared to 5.19 million mt in the same […]

  • 9 August 2017
    Business & Finance

    NYSE-listed Overseas Shipholding Group (OSG) has delivered lower earnings in the second quarter of 2017 mainly due to weakening spot markets. The company’s net income was at USD 3.2 million for the quarter ended June 30, 2017, compared to USD 29.8 million for the quarter ended June 30, 2016. Shipping revenues were USD 96.2 million for […]

  • 22 August 2016
    Business & Finance

    Canadian Port of Vancouver has seen a decrease in traffic during the first half of 2016 mostly attributed to a softened global economy, the weakened Canadian dollar, and some containerized cargo shifting back to United States ports following an extended labour disruption on the U.S. west coast last year. Total cargo for the half-year period […]

  • 18 March 2005

    The South African maritime industry could create thousands of new seafaring jobs by encouraging vessels to fly the South African flag, training more ships officers and switching to a tonnage tax, Marine Crew Services founder Robert Knutzen said yesterday.

  • 14 November 2014

    Lithuania will be paying less for LNG in 2015 than it did in 2013 predicts Litgas.

  • 22 May 2019
    Business & Finance, Equipment, Operations & Maintenance

    DeepOcean has successfully completed the 36-inch oil export pipeline spool tie-in project on the Johan Sverdrup field for Equinor, the world’s first offshore diver-less remote hyperbaric tie-in operation. Back in July 2017, DeepOcean won an EPCI contract for performing remote hyperbaric tie-in of the oil export pipeline on the Johan Sverdrup field in the North […]

  • 27 September 2013

    In contrast to the United States, natural gas consumption in OECD-Europe has been generally declining since 2011, and coal consumption has been generally increasing. A confluence of supply and demand factors, in both the natural gas and coal markets, as well as other economic constraints, have contributed to this phenomenon. OECD European gross domestic product […]

  • 28 June 2019
    Business & Finance

    Diana Shipping’s bulker Semirio will earn less under its new charter deal.

  • 25 March 2006

    CNOOC Ltd, China’s third-biggest oil company, posted record profit for 2005 on the back of soaring crude prices and robust output, the company said yesterday.

  • 25 January 2011
    Business & Finance

    New wind installations for 2010 came in at about one-half of the capacity added in the previous year. This surprised no one, as the industry… By Bill Opalka (renewablesbiz) [mappress] Source: renewablesbiz, January 25, 2011

  • 16 March 2007

    Celebrity Quest, the luxurious 710-guest vessel that will join Celebrity Cruises’ “Celebrity Expeditions” brand extension later this year, will pair the best of Celebrity with exceptional experiences in European destinations less traveled.

  • 8 March 2018

    Cathie Associates have performed a study which enabled the reduction of noise in the water column created by monopile driving at the Arkona offshore wind farm site in Germany, the company informed after all the 60 foundations were installed.

  • 8 September 2014
    Business & Finance

    The Seajacks Hydra, a jack-up vessel owned by Seajacks UK Ltd., was commissioned within 10 days at Damen Shiprepair Rotterdam, which is part of Damen Shiprepair & Conversion. In late July, a heavy-lift vessel shipped the Seajacks Hydra platform into the port of Rotterdam. Seajacks Hydra was towed to the repair yard. It was a […]

  • 5 September 2019
    Business & Finance

    Japan, the United States, Greece, UK, Norway, France, China and Korea granted approvals for the design.

  • 28 December 2017

    Liquefied natural gas (LNG) use by Japan’s power companies declined by 13.3 percent in September 2017 as compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows.

  • 11 December 2015

    LNG use by Japan’s ten independent regional electric power companies dropped 9 percent in November when compared to the same month in 2014.

  • 13 July 2015

    LNG use by Japan’s ten independent regional electric power companies dropped 8 percent in June, as compared to the same month a year before. The companies consumed 4.16 million mt of the chilled gas in June, according to data from the Federation of Electric Power Companies of Japan (FEPC). The 10 utilities bought 4.50 million […]

  • 23 November 2015
    Research & Development

    Results of a project testing vibratory method of pile driving have shown the method generates less noise and is up to ten times faster, compared to the impact hammering. The project, carried out by RWE Innogy, Bilfinger Offshore, DONG Energy, EnBW, E.ON and Vattenfall under the Carbon Trust Offshore Wind Accelerator programme, involved a comparison of the conventional method of impact hammering with […]

  • 10 December 2014

    There has been an improvement in terms of the severity level of incidents reported in November 2014 compared to the past two years, according to piracy watchdog ReCAAP ICS. There were no “very significant” incidents reported in November 2014, and the number of Category 2 (moderately significant) incidents had remained fairly consistent throughout the past […]

  • 10 November 2014

    The trend towards more Asia-US East Coast container services via the Suez Canal route and fewer via the traditional Panama Canal route is accelerating, as reported by UK-based shipping consultant Drewry. Based on Drewry’s proprietary database of container services, another 2 Panama weekly services between Asia and the US East Coast have gone in the […]