Business & Finance
De Blasio Announces Latest Update on Rockaway Beach Resiliency Project
The Bill de Blasio Administration and the U.S. Army Corps of Engineers’ New York District have announced that they are in the process of receiving final approval for the East Rockaway Inlet to Rockaway Inlet and Jamaica Bay General Revaluation Report. Pending final approval, construction on the firs
Grindrod Shipping Agrees Another Sale and Leaseback Deal
The deal was agreed with a Japanese shipowner for the 2011-built IVS Magpie.
Solstad platform supplier to support Wintershall Dea in Norway
German oil and gas giant Wintershall Dea has awarded a medium-term contract to Solstad Offshore for support of its operations in Norway.
Navios Containers Stretches Charters for 10,000 TEU Duo through 2024
The extensions were agreed for Navios Unison and Navios Constellation at USD 27,300 per day net until May 2024.
Abu Dhabi Ports’ Maqta Gateway, Etisalat Partner Up on Port Digitalization
Abu Dhabi Ports’ Maqta Gateway, Etisalat team up to enable connectivity and bring digital innovation across ports.
Royal Caribbean Continues with Record Earnings
Miami-based cruise major Royal Caribbean Cruises has reported record third-quarter earnings despite negative headwinds.
Orders lift Baker Hughes profit in third quarter
Oilfield services provider Baker Hughes reported a rise in its third quarter 2019 profit as its orders grew by 35 percent when compared to the same period last year.
Singapore Boosting Port Efficiency with New Digital Tool
The maritime single window system will simplify maritime regulatory and port services transactions.
Denmark Greenlights Nord Stream 2
The Danish Energy Agency has granted a permit to Nord Stream 2 AG to construct a section of the Nord Stream 2 natural gas pipelines on the Danish continental shelf southeast of Bornholm in the Baltic Sea. The permit is granted pursuant to the Continental Shelf Act and in accordance with Denmark’s ob
COSCO Shipping Ports’ Volumes Rise, Profit Down
Greater China region volumes increased by 3.2% to 25.2 million TEUs, accounting for 77.8% of the total throughput.
MP Caulfield Calls for Cuckmere Dredging
Polegate MP Maria Caulfield is calling on the Environment Agency to dredge the River Cuckmere – or appoint someone who will do it. Caulfield said in her latest announcement that she met with representatives of the body recently to urge them to dredge the river, but they refused. According to her sta
Hulhumeedhoo Dredging Gig for MTCC
The Maldives Transport and Contracting Company Plc (MTCC) has won a contract for the Phase 1 of S. Hulhumeedhoo MIFCO harbor upgrade, located on the northeastern point of Addu City in the Maldives. Fathimath Shana Farooq, Director General of Planning Ministry, signed the agreement on behalf of the M
2020 Bulkers Takes Delivery of Third Newcastlemax Newbuild
The 208,000 dwt ship is part of a sale and leaseback deal with Ocean Yield.
Baker Hughes Improves Quarterly Profit
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46%