Business & Finance
St. Tammany Parish Agreement Signed
The Louisiana Coastal Restoration and Protection Authority and the U.S. Army Corps of Engineers have signed an agreement to investigate the most feasible means of providing additional flood protection and ecosystem restoration for St. Tammany Parish. The agreement launches the feasibility evaluation
Zenith Energy sets up Norwegian unit
Canadian oil and gas company Zenith Energy has established a fully owned Norwegian subsidiary, Zenith Norway.
Major Milestone for Elbe Fairway Widening Project
From Tuesday, January 28, vessels with a combined width of up to 98 meters may pass each other in a widened section of the Elbe known as the ‘passing box’, reports the Port of Hamburg. The five-kilometer stretch under Federal jurisdiction now has a width of 385 meters. Similarly, the fairway along t
NYK Exploring Ammonia as Carbon Neutral Marine Fuel
Japanese shipping major NYK is looking into using ammonia as marine fuel.
Japan’s 1st LNG-Fueled Ship Bunkered for the 100th Time
On January 23, the tugboat Sakigake was supplied with LNG for the 100th time since its delivery in 2015.
Seven Seas Splendor Delivered
Seven Seas Splendor was delivered today at the Ancona shipyard.
Stolt-Nielsen: Gradual Upswing in Chemical Tanker Market Imminent
Stolt-Nielsen Limited expects a gradual upturn in the chemical tanker market as the year unfolds.
PTTEP books higher profit helped by acquisitions
PTTEP boosted its 2019 profit on the back of higher sales volumes lifted by acquisitions and increased stake in the Bongkot offshore field.
PHOTO: Pampus Dredging Moves Ahead
Wasa Dredging, a Finnish water construction company, today shared this beautiful photo of their backhoe dredger Harald on the Norrköping Port’s, Pampus Harbor deepening project. Works are progressing according to plan in the Port of Norrköping, where Wasa Dredging as the main contractor – besides dr
MODEC Downgrades Profit Forecast for 2019, Announces New Deals
MODEC revised its consolidated forecast for 2019 amid the recording of extraordinary loss.
Diana Offloads Capesize, Finds Work for Kamsarmax
Diana Shipping has disposed of a Capesize vessel and inked a time charter contract for a Kamsarmax bulker.
PGS Reports Q4 Profit
Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 2019, as revenues hiked some 23 per cent from same time last year. The Oslo-listed seismic player reported quarterly profit of $10.7 million, or 3 cents per share on revenues of close to $333 million, ag
First Steel Cut for Celebrity Cruises’ Third Edge Ship
Chantiers de l’Atlantique has cut the first piece of steel for Celebrity Beyond.
Euronav Taps Into Market’s Best Quarter in 10 Years
Belgian tanker shipping major Euronav has enjoyed strong tanker dynamics in the fourth quarter of 2019.