Search results for: remaining

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  • 29 July 2013
    Business & Finance

    As the container shipping industry recuperates from a challenging market environment, concerns still abound over the looming overcapacity as more new vessels are expected to come on stream in the next two to three years. CMA CGM group senior vice-president for Asia Europe lines Nicolas Sartini told StarBiz that the two main markets in the […]

  • 18 September 2012
    Business & Finance

      Nordic American Tankers Ltd today announced that it will be acquiring the remaining interest in Orion Tanker Pool (“Orion”). NAT and Frontline Ltd. established Orion in the autumn of 2011. Since then, Orion has managed the chartering operations of the 20 NAT vessels and the nine Frontline suezmax vessels. Orion has arranged charters to […]

  • 26 November 2013
    Business & Finance

    Inchcape Shipping Services (ISS), is advising that oil tankers are remaining at anchorage having been evacuated from Qingdao Port, China. Currently only the oil terminals are affected, with the exception of Dagang terminal, located at east Jiaozhou Bay. Many tankers have received changed discharge instructions from domestic receivers. Other bulk, general cargo and container terminals […]

  • 12 August 2014
    Business & Finance

    Tangiers Petroleum Limited, an Australian-based oil explorer with assets offshore Morocco in shallow water advises that the company’s securities continue to be suspended on both ASX and AIM pending the release of an announcement to the market in relation to Tangiers’ funding obligation for the TAO-1 exploration well. “The Company expects the securities to re-commence trading on Monday 8 September 2014,” […]

  • 27 August 2019

    LNG engineer TechnipFMC has decided to separate into two publicly traded companies via a spinoff.

  • 31 October 2017
    Business & Finance

    Due to the challenging freight market, Antwerp-based tanker owner and operator Euronav recorded a net loss of USD 28.1 million in the third quarter of 2017, compared to a net profit of USD 0.1 million in the same period a year earlier.  The company remained in the loss as it also posted a net loss […]

  • 29 October 2010

    Listed energy services group Hunting PLC remains upbeat about the oil and gas sector in an interim statement issued today. Hunting chief executive Dennis Proctor said it was positioned to exceed full year market expectations of its performance.

  • 27 August 2019
    Business & Finance, Equipment, Operations & Maintenance

    TechnipFMC has said it plans to separate into two independent, publicly traded companies – RemainCo and SpinCo. The transaction is expected to be structured as a spin-off of TechnipFMC’s Onshore/Offshore segment to be headquartered in Paris, France. The separation is expected to be completed in the first half of 2020, subject to customary conditions, consultations […]

  • 13 September 2011
    Business & Finance

    Ship Finance International Limited announces that it has agreed to sell its three remaining single hull vessels to an unrelated third party for a total net sales price of approximately $72.7 million. Concurrently with the sale, Ship Finance has agreed to terminate the corresponding charters to Frontline Ltd​. The estimated delivery of Titan Orion, Titan […]

  • 7 January 2016

    NOAA archaeologists have discovered the battered hulls of two 1800s whaling ships nearly 144 years after they and 31 others sank off the Arctic coast of Alaska in one of the planet’s most unexplored ocean regions. The shipwrecks, and parts of other ships, that were found are most likely the remains of 33 ships trapped […]

  • 13 June 2014

    Pertamina is reportedly aiming to sell a number of liquefied natural gas cargoes in July. A source told Reuters that the company from Indonesia is currently in talks over exact loading dates and is seeking new buyers for LNG that the company has not sold yet. Demand for LNG is weak at the moment and supply is […]

  • 7 March 2011

      QGC, a BG Group business, remains committed to genuine engagement with local residents and communities about its gas field developments in the Surat Basin. Next week, QGC will begin burying 16km of polythene pipelines of 16cm to 31.5cm in diameter which will take gas and water from five existing gas wells near Wieambilla Road, […]

  • 11 January 2012

    Booms are being placed at Maketū and Little Waihi Beach today in anticipation of any fresh oil washing ashore from the wreck of Rena, Maritime New Zealand (MNZ) says. Current oil trajectory modelling shows fresh oil potentially reaching the coastline east of Maketū on Thursday evening. However, National On Scene Commander Alex van Wijngaarden said […]

  • 25 July 2005

    Secretary-General of the International Maritime Organisation (IMO), Eftimios Mitropoulos, has announced that shipping remains the world

  • 15 September 2014

    The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, according to the Shipping Insight report published by shipping consultancy Drewry. The index was held back by weaker tanker and LPG charter rates, but overall earnings would have fallen further were it not for some […]

  • 20 June 2012

    Falmouth Bay residents split over dredging plan for giant cruise liners, says the Falmouth Bay dredging could create jobs, but it also causes concerns about the environment. Plan to dredge a channel through part of the bay has caused consternation among conservationists. Dredging supporters, on the other side, say that dredging will cause little […]

  • 30 May 2013
    Business & Finance

    Speaking after last week’s Bariship Japan event in Imabari, General Manager WSS Japan Yoshihiro Iizuka said that for ship-owners and vessel operators, a combination of increased regulation and continued pressure on budgets means that the cost of products and services is more crucial than ever. However, according to Iizuka, the company has seen steady demand […]

  • 18 September 2012

      The Philippines has invested strenuous efforts over the recent period so as to preserve its leading position on the maritime workforce market, Maritime Industry Authority (Marina) Officer-in-Charge and Department of Transportation and Communications (DOTC) Spokesman Nicasio A. Conti highlighted at the Seventh National Shipping Industry Conference, held in Melbourne, Australia. While presenting his paper […]

  • 31 December 2012
    Business & Finance

    Sydney Ports Corporation (Sydney Ports) has agreed to a request from Royal Caribbean Cruise Lines (RCCL) to allow one of its cruise ships to remain in Sydney as a major tropical storm develops in the Coral Sea. The 90,000 tonne Radiance of the Seas was due to sail from Sydney at 6:30pm on 30 December, […]

  • 25 January 2012

    The priority for the Svitzer salvage team continues to be the removal of containers from the bow section of Rena. Salvors yesterday removed 29 packets of wood, and 9 tonnes of container lashing equipment from the bow section yesterday. These were lifted off by helicopter as conditions did not allow the barge Smit Borneo close […]

  • 16 March 2012
    Business & Finance

    TORM has entered into an agreement to cancel one MR product tanker newbuilding, which was scheduled for delivery in the second quarter of 2014. The parties have agreed not to disclose the terms. “With this agreement, TORM’s order book is empty. A substantial reduction in CAPEX commitments has been a key element towards the Company’s […]

  • 17 July 2009

    A federal court had thrown out a Bush-era leasing plan on environmental grounds. But it’s not clear whether the ruling applies to tracts in the Gulf of Mexico. The Obama administration will auction off a new batch of oil-drilling leases in the Gulf of Mexico next month, in spite of a court ruling this year […]