10000 results found for 'seaports'

10000 results found for 'seaports'
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  • Perth Project Exports Electricity into WA Grid

    18 February 2015
    Equipment, Operations & Maintenance, Research & Development

    Wave energy developer Carnegie Wave Energy announced that the Perth Wave Energy Project was formally opened today by the Federal Minister for Industry and Science, the Hon Ian Macfarlane, and is now exporting electricity into the WA power grid. The Perth Project was officially “switched-on” by Federal Minister for Industry and Science, the Hon Ian Macfarlane MP and […]

  • Kvaerner Verdal Reports Management Changes (Norway)

    21 June 2012
    Business & Finance

    As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both positions until a successor has been recruited. “Nina […]

  • Report: Five hurt in Socar platform fire

    23 October 2014

    A fire broke out today on a Socar-operated platform in the Caspian Sea, offshore Azerbaijan, Trend news agency has reported. According to the Azeri news agency, twelve crewmembers fell into the sea and a vessel by the Ministry of Emergency Situations is working to recover them. Trend further said that five people were injured and were […]

  • McDermott reports 1Q net loss of $50M

    7 May 2014
    Business & Finance, Equipment

    McDermott International, Inc.today announced financial results for the quarter ended March 31, 2014. The Company reported a first quarter net loss of $50 million or $0.21 per fully diluted share, and an operating loss of $42 million. The Company reported first quarter revenues of $604 million, a decrease of 25% percent compared to revenues of […]

  • Report: Subsea equipment demand in growth mode

    30 September 2014
    Equipment

    Escalating energy requirements and declining reserves in existing wells are lending momentum to subsea exploration, fuelling the adoption of subsea equipment globally, Frost & Sullivan report reveals. As attractive returns and higher recovery rates position subsea exploration to challenge the near-shore and onshore industry, demand for subsea equipment will continue to grow, the report read. New […]

  • Report: Kashagan could resume output in 2017

    17 June 2015
    Project & Tenders

    Giant Kashagan oil field in the Caspian Sea offshore Kazakhstan should resume production by 2017. First oil from the giant development started flowing in September 2013, however it was stopped after detection of an offshore gas leak. After several studies into the causes of the leak The North Caspian Operating Company decided to fully replace […]

  • ADM Buys Black Sea Export Terminals

    6 May 2015
    Business & Finance

    The US food-processing company Archer Daniels Midland has added export terminals at the Romanian Port of Constanta on the Black Sea to its European origination and transportation network, through an agreement to acquire complete ownership of North Star Shipping and Minmetal. ADM, through its minority stake in North Star and through Minmetal—a separate 50-50 joint venture owned by […]

  • IMO: 61 Stowaway Incidents Reported in 2014

    24 March 2015

    There were 61 incidents involving 120 stowaways reported in 2014, according to International Maritime Organisation’s statistics. Cape Town and Lagos were the most common ports of embankment. Some 81% of the total amount of cases were from Africa, the most common nationalities involved in the incidents being Nigerian, Ghana and Tanzanian. The ships that were most boarded […]

  • LNG Canada Postpones Export Terminal Decision

    12 July 2016
    Business & Finance

    The joint venture participants of LNG Canada, led by Shell Canada Energy, have decided to delay a final investment decision on building a British Columbia liquefied natural gas (LNG) export terminal that was planned for the end of 2016. LNG Canada, whose participants also include affiliates of PetroChina, Korea Gas Corporation and Mitsubishi Corporation, cited global […]

  • DHT Reports Loss Despite Revenue Growth

    24 October 2019
    Business & Finance

    DHT Holdings ended the third quarter of this year with a net loss despite posting higher shipping revenues.

  • Report: Two Libyan Ports Retaken by LNA

    16 March 2017

    East Libyan forces have managed to regain control of two major oil ports in Libya on March 14, after they were seized by the Islamist Benghazi militia earlier this month, Reuters reported.  The eastern-based Libyan National Army (LNA) took over the ports of Es Sidra and Ras Lanuf from the Benghazi Defence Brigades (BDB), pursuing them […]

  • Report: Hanjin Shipping to Delist on March 7

    6 March 2017
    Business & Finance

    South Korea’s former shipping giant Hanjin Shipping is scheduled to be delisted from the local bourse on March 7, Yonhap News Agency said citing industry sources. After entering the market in late December 2009, the company reached a record high of KRW 38,694 per share in January 2011. Although its net profit in 2010 stood at KRW […]

  • France: BOURBON Reports First Quarter Results

    11 May 2011
    Business & Finance, Operations & Maintenance, Research & Development

    Commenting on the first quarter results, Christian Lefèvre, Chief Executive Officer of BOURBON, said: ““As anticipated at the end of 2010, the market recovery is contributing to pushing vessel utilization rates up to 83.1% whilst daily rates are slightly higher than those in the fourth quarter of 2010. More rigorous demands from clients with regard […]

  • Cameron Reports Record Second Quarter Revenues

    24 July 2014
    Business & Finance, Operations & Maintenance

    Cameron reported earnings per share for the second quarter of 2014 of $1.00 excluding unusual items. This compares to earnings per share for the second quarter of 2013 of $0.77 excluding unusual items. The unusual items for the second quarter of 2014 were after-tax credits of $0.02 per share and a $0.06 per share gain […]

  • Report: Kawasaki Heavy Could Exit Shipbuilding

    3 October 2016
    Business & Finance

    Japan’s shipbuilder Kawasaki Heavy Industries is considering whether it should pull out of the shipbuilding industry as it revised its full-year profit forecast, according to Bloomberg. Namely, the company halved its forecasts as it now expects to see a net income of around JPY 16.5 billion (USD 162.7 million) for the Fiscal Year ending March 31, which represents […]

  • Audit Report: Cosco Cooked Its Books

    29 June 2015
    Business & Finance

    China’s shipping conglomerate Cosco Group has ended up on the list of companies found to have falsified revenue and profits, according to the country’s National Audit Office. Cosco, together with 13 other state-run companies, falsified a total of USD 4.8 bln in revenue and USD 3.1 bln in profits, the Audit office said in a report for 2014 released on Sunday, […]

  • Hueneme Port Reports Significant Growth (USA)

    12 February 2014
    Business & Finance

    The Port’s most historic cargo year yielded a significant economic stimulus, reporting 778 new trade related jobs, $5 million in additional taxes and an additional $90 million in Maritime related economic activity as the Port of Hueneme continues to grow as an economic engine for Ventura County and the region. Highlights of the study show […]

  • Interim Report on MOL COMFORT Casualty Released

    20 December 2013
    Business & Finance

    Following the loss of the container vessel MOL COMFORT on 17 June 2013, ClassNK established a special Casualty Investigation Team in order to investigate and determine the cause of the casualty. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) further established a Committee on Large Container Ship Safety to develop measures to ensure the […]

  • Global Reporting Mechanism Needed to Curb Piracy

    15 September 2015

    A common worldwide information sharing framework could possibly expedite the receipt and distribution of critical details needed to enable naval and law enforcement forces to respond quickly enough to protect seafarers and arrest the perpetrators, it was concluded at the IMB International Meeting on Global Piracy, Armed Robbery and Maritime Security on 14 and 15 September […]

  • Star Bulk Reports USD 105.2M Loss

    1 September 2015
    Business & Finance

    Dry bulk shipping company Star Bulk has posted a net loss of USD 105.2 million for the first half of 2015 due to lower charterhire rates for dry bulk carriers and an impairment loss of USD 28.8 million. The volatile market took the company’s loss further down in the second quarter to USD 65 million, resuming […]

  • IMB Reports Rise in Small Tanker Hijackings

    29 October 2014

    While pirate attacks on the world’s seas have fallen for the third consecutive year, small tanker hijacks by armed gangs are escalating in Southeast Asia, reveals the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) in its latest piracy report. IMB’s 2014 third quarter global piracy report notes a total of 178 incidents so […]

  • Malaysia: MISC Reports Decrease in Q2 Revenue

    16 August 2013
    Business & Finance

    MISC announced its financial results for the second quarter ended 30 June 2013. Group revenue for the quarter ended 30 June 2013 of RM2,284.3 million was 3.2% lower than the RM2,359.1 million revenue in the corresponding quarter. The decrease in Group revenue were mainly attributed to lower revenue in Heavy Engineering from slower progress on […]

  • Report: STX Offshore Gets a Second Chance

    11 April 2018
    Business & Finance

    STX Offshore & Shipbuilding got a second chance to avoid court receivership as KDB plans to examine its self-rescue plan.

  • Report: Indonesia Delays New Shipping Rules

    1 March 2018
    Rules & Regulation

    The Indonesian government has reportedly decided to postpone the implementation of its new shipping law.

  • Philly Shipyard Reports Rise in Profits, Revenues

    16 February 2018
    Business & Finance

    Philly Shipyard achieved record high revenues and profits in 2017.