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  • 22 January 2018
    Business & Finance

    Diana Containerships to sell two of its 2004-built containerships for USD 22 million.

  • 15 December 2017
    Business & Finance

    Safe Bulkers has acquired a South Korean-built dry bulk Post-Panamax class vessel “at an attractive price”.

  • 12 February 2009

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  • 17 October 2018
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    DeepOcean has been awarded a contract within the oil and gas sector for the provision of post-lay trenching services along 65-kilometer umbilical offshore Australia. The post-lay trenching works are planned to start late 2018 with the T1 trencher. This contract award has come on the back of three completed projects with this trencher offshore UAE […]

  • 5 July 2016
    Project & Tenders

    French LNG player, Engie signed a deal with La Poste Group to cooperate on developing a number of natural gas fueling projects in Europe.

  • 15 July 2015

    Milaha of Qatar informed that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September, after seven years at the position.

  • 28 March 2014

    CNOOC Limited announced its annual results for the year ended December 31, 2013. In 2013, the company continued to increase its investment in exploration. Benefitting from the company’s cognitive innovation and technological advancement, 18 new discoveries were made and 20 oil and gas structures were successfully appraised by the company. As at the end of […]

  • 27 November 2018
    Business & Finance

    Safe Bulkers inked a deal to acquire a Post-Panamax newbuild from an unnamed seller.

  • 20 January 2016
    Business & Finance

    Monaco-based drybulk transportation company Safe Bulkers has entered into a time charter deal for one of its 87,000 dwt Post-Panamax-class vessels with an undisclosed client. The charter deal was signed for a duration of 30 months, with a forward delivery date in April of 2016, for a gross daily charter rate of USD 7,250, less 1.25% total commissions. Safe Bulkers […]

  • 15 May 2014
    Business & Finance

    The Port of Virginia in April was in positive territory across-the-board in all of the monthly cargo measures it tracks including double-digit TEU growth that made April the third best month in the port’s history. John F. Reinhart, CEO and executive director of the Virginia Port Authority said he was “cautiously optimistic” by the report. […]

  • 8 August 2016
    Authorities & Government

    The UK Government’s consultation on whether to modify renewable energy subsidy regulations to allow the support to projects due to start between 2020 and 2026 closes today.  Although the UK Government has recently cut support for onshore wind and solar, it has indicated it will provide further support for offshore wind and potentially other “less established” […]

  • 11 February 2014

    Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced its financial results for the twelve months ended 31 December 2013. The Group achieved a revenue of RM2,885 million with profit before tax of RM198 million. MHB’s offshore business segment achieved an operating profit of RM105 million. The Group successfully completed the Gumusut-Kakap Floating Production System (FPS). The semi- submersible […]

  • 29 April 2014

    Russian gas giant Gazprom said it net sales of gas increased by RUB 314,716 million, or 12%, to RUB 2,971,823 million in 2013, compared with 2012. Net sales of gas to Europe and other countries increased by RUB 213,306 million, or 15%, to RUB 1,682,761 million in 2013. The increase in net sales of gas was mainly driven by an increase in the volumes of gas sold by 15%, or 23.3 bcm, which was reinforced by the increase […]

  • 7 June 2017
    Business & Finance

    Florida’s Port Everglades is purchasing three low-profile Super Post Panamax container-handling gantry cranes to meet demands anticipated from the port’s expansion program. The Broward County Board of County Commissioners approved the USD 41.4 million crane purchase, with an option for the seaport to purchase an additional three cranes anytime within five years of placing the […]

  • 13 June 2016
    Business & Finance

    Danish shipping company Dampskibsselskabet NORDEN A/S (Norden) has sold four of its Post-Panamax vessels, as it narrows its ownership in the dry cargo segment on the medium-sized vessel types Supramax and Panamax. The sale agreement includes the company’s 2010-built vessels, namely, Nord Delphinus, Nord Dorado, Nord Pisces and Nord Pyxis. NORDEN said that the proceeds from the sale will be reinvested in Supramax […]

  • 30 May 2017
    Business & Finance

    Greek dry bulker owner Diana Shipping has taken delivery of the m/v Electra, a 2013 built Post-Panamax dry bulk vessel that the company bought in April 2017. Formerly known as Grain May, the 87,150 dwt bulker, built by Chinese Hudong Zhonghua, is valued at USD 18.7 million, according to VesselsValue’s estimates. The ship was bought in an […]

  • 23 July 2017
    Business & Finance

    Representative Mark Sanford released the following statement after the U.S. Army Corps of Engineers signed a Project Partnership Agreement with the South Carolina Ports Authority last week, which officially starts the construction phase of the Charleston Harbor Post 45 Deepening project.  “I’m pleased that the Charleston Harbor Deepening project is entering into a new phase, […]

  • 11 March 2014
    Business & Finance

    Ship Finance International Limited (SFL) today entered into an agreement to acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters. The vessels are expected to be delivered to SFL over the course of the next few weeks, and the annual EBITDA contribution is estimated to be approximately $5.5 million […]

  • 6 August 2013
    Business & Finance

    Sembcorp Industries (Sembcorp) today reported a net profit of S$342.2 million and turnover of S$4.8 billion for the first half of 2013 (1H2013), compared to S$367.4 million and S$5.1 billion respectively in the corresponding period last year (1H2012). Sembcorp’s main profit contributors continued to be its Utilities and Marine businesses, which contributed 53% and 39% […]

  • 12 September 2017
    Project & Tenders

    WindEurope has called on the UK and other European governments to provide more clarity to the offshore wind industry after 2020 by committing to ambitious offshore wind deployment targets. The association’s call came yesterday, 11 September, following the results of the UK Contracts for Difference (CfD) auction.

  • 23 January 2017
    Business & Finance

    Oilfield services major Schlumberger has posted fourth-quarter 2016 net loss of $204 million, versus a loss of $1.02 billion in the same period last year. The company’s revenue fell 8 percent to $7.1 billion, from $7.74 billion in the corresponding period in 2015. Schlumberger reported cash flow from operations of $2 billion. Schlumberger chairman and CEO, Paal Kibsgaard, said: “While […]

  • 24 April 2013

    Gas infrastructure company N.V. Nederlandse Gasunie achieved solid results in 2012. Net profit over 2012 amounted to € 359 million, with an invested capital of € 8,675 million. Gasunie’s sole shareholder, the Dutch State, will receive a dividend payment of € 215 million. Operational activities in the fields of safety and security of supply also […]