Search results for: recovery

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  • 13 May 2011

    The significance of North Carolina’s coast goes beyond local areas, and continued federal support is needed to preserve critical inlets and waterways projects by the U.S. Army Corps of Engineers, Rep. Mike McIntyre and Sen. Kay Hagan have said. “Our beaches, our inlets and the Intracoastal Waterway are actually of regional and national significance; they’re […]

  • 10 May 2017
    Business & Finance

    Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery, shipping consultancy Drewry said. The timing of recovery will depend on the extent of scrapping activity, is expected to gather momentum towards the end of 2017, once the International Maritime Organization’s […]

  • 8 February 2017
    Business & Finance

    Container volumes on the headhaul Far East-Europe and Far East-North America tradelanes recorded a mild recovery in 2016, Alphaliner informed citing the latest statistics from CTS and PIERS. The Far East-Europe trade reached 15.08 million TEU in 2016, representing an increase of 1.2%. This follows a contraction of 3.1% on the trade recorded in 2015, […]

  • 20 November 2018

    Multiple factors contributing to tanker recovery, but sustainable recovery is yet to materialize.

  • 8 June 2009

    The Scottish Venture Fund and Energy Ventures have provided a £2m funding boost for a technology that could aid in the recovery of stranded oil reserves. Sigma Offshore will use the money to further develop its Smart Mooring System (SMS), which connects FPSO (Floating Production Storage and Offloading) vessels to subsea wells and pipelines. SMS […]

  • 24 February 2017

    Hydraulic systems specialist, Webtool, has introduced a new gripping and lifting tool for recovering subsea cable during offshore wind projects.

  • 24 February 2017

    Hydraulic systems specialist, Webtool, has introduced a new gripping and lifting tool for recovering subsea cable during offshore wind projects.

  • 25 May 2018
    Operations & Maintenance

    Cleansorb has been hired to help a major operator to enhance recovery from a maturing field offshore UK. As part of field redevelopment, effective drilling damage removal in new water injector wells is critical to achieving target injection rates without fracturing the reservoir. Openhole injector wells with sand screens are being treated with ORCA for […]

  • 4 December 2014

    Dry bulk shipping is expected to continue its recovery, thanks to declining excess capacity, increasing iron ore shipments and rising grain trade, according to the latest edition of the Dry Bulk Forecaster, published by shipping consultancy Drewry. The dry bulk market rebounded in the third quarter thanks to the encouraging performance of the Capesize segment, […]

  • 11 November 2016
    Business & Finance

    The shipping industry is set to experience a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to research and consultancy firm Maritime Strategies International (MSI). Addressing the Hansa Forum in Hamburg, Germany this week, MSI Senior Analyst James Frew warned that the industry will continue to face multiple […]

  • 13 February 2013
    Business & Finance

      Overall U.S. maritime cargo volumes in the Great Lakes region are recovering from extreme lows experienced in 2009, according to a report released today by the U.S. Department of Transportation’s Maritime Administration. The report, Status of the U.S.-Flag Great Lakes Water Transportation Industry, finds that the U.S. Great Lakes maritime industry is generally healthy, […]

  • 15 October 2014

    The global shipping demand remains subdued by slow economic activity, according to BIMCO, as the International Monetary Fund (IMF) lowers the outlook for 2014 amid lower growth than expected. The IMF data forecasts world growth to come in at 3.3%; down 0.1 points from its previous estimate in July. The IMF has also lowered its […]

  • 9 July 2018
    Business & Finance

    The U.S. Army Corps of Engineers, Galveston District, clarified last week additional work that it plans to accomplish with the funding provided for disaster recovery in Public Law 115-123, the Bipartisan Budget Act of 2018, signed into law February 9, 2018. “We look forward to serving our community and Nation in executing the high priority […]

  • 21 January 2015

    Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in the global shipping industry to some degree, according to BIMCO.  While the industry continues to suffer from oversupply in the freight market, the International Monetary Fund (IMF) has further cut the demand side estimates. In the recently […]

  • 4 June 2018
    Business & Finance

    Fundamentals for the recovery of the dry bulk market are there.

  • 20 February 2017
    Business & Finance

    The container shipping trade will mark positive growth numbers alongside most months of 2017, however, as long as carriers maintain the current capacity levels spot rates should see small, incremental increases, according to shipping consultancy Drewry. Growth is returning to the Asia-East Coast South America (ECSA) trade due to favourable comparisons, but container traffic remains […]

  • 5 September 2017
    Business & Finance

    Ship manning costs are set to remain suppressed despite a recovery in cargo shipping markets, as shipowners and operators continue their financial struggles while officer shortfall recedes, shipping consultancy Drewry said. The lack of confidence in the industry has seen wage increases almost at a standstill since 2009, and over the past year average officer rates have […]

  • 16 May 2017
    Business & Finance

    The Missouri River Recovery Implementation Committee (MRRIC) will hold its 37th meeting in Sioux Falls, South Dakota, May 23-25, 2017. The meeting will be at the Sioux Falls Convention Center, beginning at 8 a.m. Tuesday, May 23, and concluding at 12:30 p.m. Thursday, May 25. A major milestone in the Missouri River Recovery Program (MRRP) […]

  • 26 April 2017
    Business & Finance

    The recovery of liquefied natural gas (LNG) freight rates is not expected to start before the latter part of next year, mainly due to the excess vessel supply which is set to reduce only gradually, according to shipping consultancy Drewry. Given the mounting pressure on freight rates and continuing fleet growth, which is anticipated to […]

  • 22 June 2016

    The container shipping market is staging a small recovery, with short-term rates for the main Far East Asian to North European ports rising, suggesting long-term costs could soon follow suit, according to Oslo-based benchmarking and market intelligence platform for containerized ocean freight Xeneta. “There were some declines in average prices for shipping 40′ containers through […]

  • 5 January 2017
    Business & Finance

    Although the container shipping market remains fundamentally imbalanced, the new year brings with it fresh hopes for a recovery, according to Alphaliner. 2016 saw a number of records, most of them marking new lows for a container shipping market that continues to suffer from excess capacity, with the weakness expected to persist for at least […]

  • 21 July 2015
    Business & Finance

    Having designed an innovative oil recovery vessel, Gobbler Boats’ Managing Director Paul Jauncey approached GROW:OffshoreWind for funding to help get the boat into production. GROW:OSW provided £49k towards the cost of the plugs and moulds and the Gobbler Offshore 290 was launched on 4th June 2015. The vessel’s first public showing was a few days later […]