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Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, reported a drop in profit for the first three months of the year.
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Business & Finance, Equipment, Operations & Maintenance
Seabed seismic services player Magseis Fairfield has posted loss in the first quarter of 2019. The Oslo-listed company has seen its revenue at USD 120 million, up from USD 25 million same time last year (excluding Fairfield and WGP Group revenue). First-quarter EBITDA came at 16 million, against EBITDA of $10.3 million in Q1 2018. […]
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Fluxys LNG said the subscription window for the unloading slots and additional storage services at the Zeebrugge LNG raised significant interest by the market participants.
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Malaysian LNG shipping giant MISC, a unit of Petronas, said its revenue for the first three months of the year jumped in comparison to Q1 2018.
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Ørsted’s newly built service operation vessel (SOV) Wind of Change has arrived in Emden, Germany, from where the vessel will soon start servicing offshore wind farms in the German North Sea. Wind of Change is expected to enter full operations and start working on the Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2 […]
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Danaos Corporation wrapped up Q1 2019 with a considerably increased net income.
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Cheniere Partners, a partnership established by the Houston-based LNG exporter Cheniere Energy reported a drop in earnings for the first quarter of the year as new LNG trains spring into action.
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DHT Holdings returned to profitability in the first quarter of this year.
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LNG contractor McDermott International said that its Cameron LNG project did not experience any material change in its cost position during the first quarter of the year.
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Business & Finance, Equipment
Baker Hughes, a GE company, (BHGE) has reported profit of $32 million or 6 cents per diluted share on GAAP basis for the quarter ended March 31, 2019. Adjusted diluted earnings per share were 15 cents per share. The result compared with $70 million profit in Q1 2018, down 55%, and also down sequentially some […]
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Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the quarter ended March 31, 2019. Chief Executive Officer Lasse Petterson commented, “The first quarter of 2019 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $20.5 million and an adjusted EBITDA from continuing […]
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Euronav ended the first quarter of 2019 with a net gain of USD 19.5 million.
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Qatar Navigation (Milaha) wrapped up Q1 2019 with a 7 pct net profit rise.
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Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported a 9 percent increase in profit in the first quarter of the year.
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Dutch Damen Shipyards Group suffered a net loss of EUR 17 million in 2018.
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Australian LNG player Santos, the operator of the GLNG project, reported record sales volumes for the first quarter of the year.
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Talos Energy, an operator of Block 7 offshore Mexico, has announced the successful drill stem test (DST) of the Zama-2 side track well (Zama-2ST1) located in Block 7. The Zama-2 ST1 appraisal well is the second of three appraisal penetrations drilled by the consortium, consisting of Talos, Sierra Oil & Gas and Premier Oil, to […]
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An MSC containership has reported leakage of marine fuel while undergoing refueling in Sines.
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Orion Group Holdings, Inc. (ORN) today reported financial results for the fourth quarter and full year ended December 31, 2018. “We remain focused on the operational transformation underway throughout our Company, which we believe will become increasingly evident as 2019 progresses,” stated Mark Stauffer, Orion Group Holding’s President and Chief Executive Officer. “Our reported results for the fourth […]
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Houston-based LNG exporter Cheniere Energy reported a drop in earnings for the fourth quarter of 2018.
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US-based container carrier Matson closed the fourth quarter of 2018 with a considerably lower net income.
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Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter and year ended December 31, 2018. As of December 31, 2018, GLDD concluded that it intends to sell the Environmental and Infrastructure (“E&I”) business during the first half of 2019. Based on this decision, this business has been classified as an […]
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Wilhelmsen ended 2018 — the first full year with present corporate structure — in loss.
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A total of three piracy and armed robbery incidents were reported in January 2019, ReCAAP ISC said.
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Bahri dismissed reports that one of its very large crude carriers was breaching U.S. sanctions on Venezuela.
