Business & Finance
New Flood and Coastal Resilience Strategy Available for Comment
Environment Agency Chair, Emma Howard Boyd, has opened an 8-week consultation period on the recently launched long-term strategy that will tackle flooding and coastal change in the UK. Launching the strategy, Emma Howard Boyd said “we cannot win a war against water” by building higher flood defenses
Higher Volumes, Freight Rates Drive Hapag-Lloyd’s Earnings Up
Hapag-Lloyd off to a good start amid higher volumes, better freight rates and a stronger US dollar.
Red Rock Crane Packages for Two Trailing Suction Hopper Dredgers
Red Rock Marine, a Norway based company with a vision to deliver tailor-made solutions, has signed new contracts with a Singaporean shipyard for delivery of complete crane packages for two trailing suction hopper dredgers (TSHDs). Commenting the latest news, Thomas Holte, Chief Commercial Officer at
ESL Shipping’s Crane Issues on New Vessels Mainly Fixed
Crane Issues aboard the new LNG-fueled ships affected the company’s profitability in the first quarter of 2019.
TGS Ups Quarterly Profit and Dividend
Geophysical contractor TGS has posted higher profit in the first quarter of 2019 when compared to same period in 2018, despite revenue drop. The Oslo-listed firm posted earnings per share of 17 cents, up 34% from 13 cents per share in Q1 2018. TGS generated net revenues of close to $110 million in Q
UPDATE: North Sea helicopter pilots vote for strike amid pay dispute
Helicopter pilots serving the UK offshore oil and gas industry have voted for strike action over a pay dispute.
xChange: Ins and Outs of Demurrage and Detention
For most companies and container types, demurrage fees are close to USD 100 per container and per day.
Banks Close USD 175 Mn Financing of Polsteam Ship Portfolio
The funds are intended for a fleet of 34 Polsteam bulkers.
Boskalis Trading Update for the First Quarter
The market picture and developments at Royal Boskalis Westminster N.V. for the first three months of the year are in line with the expectations outlined at the publication of the 2018 annual results, reported the company today. The first quarter has progressed in line with this expectation. Accordin
3sun Gears Up for Deutsche Bucht
3sun Group is set to mobilize its teams to support MHI Vestas during turbine installation at the Deutsche Bucht offshore wind farm. According to the UK company, offshore installation and completion teams will shortly be mobilizing for the 269MW project. Deutsche Bucht comprises 33 MHI Vestas 8.4MW t
Sovcomflot Gets USD 297 Mn Loan for Atlanticmax LNG Carrier Pair
Russia’s Sovcomflot secures loan to finance its two next-generation LNG carriers.
ASN Kicks Off EllaLink Marine Route Survey
Alcatel Submarine Networks (ASN) has finalized the cable route study and mobilized the marine survey vessel for the EllaLink submarine cable system. The survey will be performed over the coming months and permit acquisition continues in line with EllaLink’s plans to be Ready for Service by the end o
Interview with NMDC’s Yasser Zaghloul: Utilizing the Latest Technologies in Dredging Sector
Eng. Yasser Zaghloul, Chief Executive Officer of National Marine Dredging Company (NMDC), has been recently interviewed by Marasi News and he said that the company developed and expanded its portfolio of projects and operations throughout 2018 and into 2019. In this exclusive interview, Zaghloul cla
Odfjell Shrinks Loss as Chemical Tanker Market Improves
Norwegian shipping and tank terminal company Odfjell narrows its quarterly loss.