Search results for: reduced

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  • 29 July 2013
    Business & Finance

    Shipping has great potential to reduce its environmental impact through new and modified propulsion technologies – but there is no single or simple answer that will meet every need or that can be applied to every type of vessel. Instead, says a report by an expert working group at the Royal Academy of Engineering, further […]

  • 17 December 2013
    Business & Finance

    With an aim to reduce bad loans, Commerzbank AG, Germany’s second biggest bank, has sold 14 chemical tankers to Oaktree Capital Management LP, Bloomberg reports. Back in 2012, Commerzbank decided to step out from ship financing. “We will continue with our consistent strategy of value-preserving reduction,” Stefan Otto, head of the Hamburg-based Deutsche Schiffsbank unit, […]

  • 15 October 2014
    Business & Finance, Research & Development

    A truly unique article entitled “Reducing shoaling in the Texas Gulf Intracoastal Waterway (GIWW) and erosion of Barrier Islands along West Galveston Bay” has won this year’s IADC Young Author Award. This project utilized a Regional Sediment Management (RSM) approach in an attempt to quantify the source of sediments, develop a conceptual design and associated […]

  • 26 February 2019
    Business & Finance, Operations & Maintenance

    Dutch subsea and survey specialist Fugro has posted net loss of €51 million for the twelve months of 2018, against net loss of €160 million in 2017. The company’s revenue increased close to 11 per cent from €1.49 billion in 2017 to €1.65 million in 2018. Fugro’s marine division, with revenue at €1.1 billion in […]

  • 11 May 2017
    Business & Finance, Equipment, Operations & Maintenance

    Norwegian geophysical services company EMGS posted loss for the first-quarter 2017 of $10.5 million, improving from $15.5 million loss in the same period last year. The Oslo-listed company generated revenues of $3.9 million in the first quarter 2017, down from $13 million in the corresponding period in 2016 and from $12 million sequentially. The company reported vessel […]

  • 2 March 2016
    Exploration & Production

    ExxonMobil, one of the world’s largest oil companies will reduce its capital investments in 2016 by 25 percent, compared to 2015. In U.S. dollars, this means that ExxonMobil expects to spend around $23 billion. The company’s CEO Rex W. Tillerson said that in the time of the low oil prices ExxonMobil would focus on the fundamentals, […]

  • 16 March 2012

      Amount of pirate attacks off African coast sharply reduced in 2011, said French defense minister Gérard Longuet. About 200 attacks were registered in 2011 in contrast to 700 attacks in 2010; pirates captured 13 vessels in 2011, while in 2010 there were 30 ships, reports ITAR-TASS referring to Longuet. French Navy along with other […]

  • 9 November 2018
    Business & Finance, Operations & Maintenance

    Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $1.9 million for the three-month period ended September 30, 2018. This result compares with quarterly loss of some $2.1 million in the corresponding period in 2017. Sequentially, net loss also narrowed from $7.7 million […]

  • 1 May 2017

    By Lloyd’s Register Maintenance of both onshore and offshore facilities is a complex and demanding discipline.  Maintenance can be viewed as a solely technical discipline, with little commercial consideration given to determining an appropriate and sufficient maintenance regime.  Given that the cumulative cost of maintaining a facility over its lifetime can rival the capital costs […]

  • 24 January 2011

    The digging of drains and creation of crossings to reduce the impacts of flooding on Ba Town is a band-aid solution… (fijitimes) [mappress] Source: fijitimes, January 24, 2011;

  • 2 January 2013
    Business & Finance

    Maritime World, the leading entity promoting maritime excellence in the region, announced the reduction of tariff rates along all aspects of the business at Dubai Maritime City (DMC) and Jadaf from January 2013. This is in light of Drydocks World – Dubai’s 30th Anniversary celebrations in 2013. The reduction by from 2012 rates is aimed […]

  • 30 April 2013
    Business & Finance

    In 2011 Eimskip and the shipyard Rongcheng Shenfei in China made an agreement of building two container vessels. Each vessel’s size is 875 TEU, thereof each containing plugs for 230 reefer containers. Deadweight of each vessel is approximately 12 thousand tons. The vessels are 140.7 meters long and 23.2 meters wide. Originally the vessels were […]

  • 10 June 2014
    Business & Finance

    The FAL Directive under which European Member States are mandated to adopt a Maritime Single Window system is less than a year away; by June 1st 2015 all shipping companies, operators and port authorities must be using the Single Window for reporting. To mark the occasion Inlecom Systems Ltd (Inlecom), the transport and logistics research […]

  • 3 July 2014
    Business & Finance

    E.ON has announced that the company has reduced its gross debt by €1 billion ($1.36 bln).

    E.ON reduces gross debt

  • 7 February 2014

    Statoil’s fourth quarter and preliminary 2013 results and capital markets update Statoil’s  fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today’s Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than USD 5 billion from 2014-16 compared to previous plans. […]

  • 31 July 2020
    Business & Finance

    Oceaneering has reported a net loss of $24.8 million, or 25 cents per share, on revenue of $427 million for the first quarter 2020. Adjusted net loss was $14.2 million, or 14 cents per share, reflecting the impact of $9.6 million of pre-tax adjustments and $3.3 million of other discrete tax adjustments. During the prior […]

  • 12 February 2013

    If everything goes according to plan, a creek that runs through Matoaka will be dredged these days to reduce the risk of flooding. Todd Colonna, the mayor of Matoaka, stated that the town recently received a grant from the Hugh I. Shott, Jr. Foundation for this dredging project. The Matoaka creek dredging program could begin […]

  • 2 July 2014
    Business & Finance

    An enhanced Fatigue Design Assessment (FDA) Level 2 solution is now available in LR’s ShipRight software. It provides a robust tool which can help owners to reduce their risks. This first release covers oil tankers and membrane type LNG carriers. Lloyd’s Register has given designers, ship owners and operators an updated tool to help assess […]

  • 22 February 2012
    Business & Finance

    Following his posting as Commander of the UK Counter-Piracy Task Group, Captain Gerry Northwood, Royal Navy, has written in The Times newspaper about how concerted efforts are helping reduce attacks on merchant vessels. Captain Northwood writes: “Eleven pirates on board with automatic weapons and rocket-propelled grenades. All comms on ship are down. Crew safe in […]

  • 28 July 2009

    Trelleborg Offshore has completed design, manufacturing and testing of the world’s largest bend stiffener. To facilitate the fabrication, an additional polyurethane (PU) dispensing machine was specially commissioned at Trelleborg Offshore’s plant in Skelmersdale, England. The bend stiffener was specifically developed for use by StatoilHydro, who are responsible for the development and operation of the Vega […]

  • 17 December 2019
    Business & Finance

    The supervisory board of Fugro has decided to reduce Fugro’s board of management, which currently consists of three persons, to the CEO and CFO positions only. With the group director Europe-Africa starting January 2020, Fugro’s executive leadership team (ELT) is fully staffed and operational. Following through, the supervisory board has concluded that Fugro’s board of […]

  • 19 June 2015
    Business & Finance, Equipment, Technology

    Dredging companies are eager to reduce fuel costs to lower their operational costs, while industry regulations on exhaust gas emissions are becoming increasingly strict. In the latest edition of IHC Insight, Erik van der Blom and Leonard den Boer of IHC Holland’s R&D department explain why it’s important to consider fuel consumption at the design stage of a […]