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Business & Finance

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Readers’ Picks of the Week (13-17th of October)
Business & Finance

Readers’ Picks of the Week (13-17th of October)

Cruise Passenger with Ebola Symptoms Denied Entry to Belize A Dallas hospital nurse who was reportedly in contact with specimen collected from a deceased Ebola patient, travelling on board Carnival Magic, has been denied entry to Belize. (read more…) Hindustan Shipyard Badly Damaged by Hudhud Damage

about 12 years ago
Top Tips for Hiring Shipping Containers
Business & Finance

Top Tips for Hiring Shipping Containers

Before deciding to buy containers either for shipping goods between states or overseas, there are a couple of things to keep in mind. When you plan to hire a shipping container, the first thing to determine is whether to buy or rent a container? If you’re moving in between states, and can easily ret

about 12 years ago
Lamprell CFO Steps Down
Business & Finance

Lamprell CFO Steps Down

Lamprell, a provider of fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that Joanne Curin, Chief Financial Officer, has decided to stand down from the Board of Lamprell plc and as Chief Financial Officer. Curin has gu

about 12 years ago
SOHAR to Offer LNG Ship-to-Ship Service
Business & Finance

SOHAR to Offer LNG Ship-to-Ship Service

SOHAR Port and Freezone is about to start offering LNG ship-to-ship services as measures are being taken to begin issuing licenses to STS service providers equipped to handle LNG, the port announced at the 2014 Singapore International Bunkering Conference (SIBCON). Fendercare and SPT will be offered

about 12 years ago
Expected Tanker Fleet Growth Reaches Four-Year High
Business & Finance

Expected Tanker Fleet Growth Reaches Four-Year High

As the market awaits a potential oil price hike triggered by the ongoing geo-political tensions in the oil-rich producing nations, demand for tankers seems to be doing pretty well. “The order-book for tankers has risen in the past two months and it is all about crude oil tankers. Four VLCCs and six

about 12 years ago
Shipping Earnings Index Down
Business & Finance

Shipping Earnings Index Down

The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 25% in September to stand at 115 points, according to the Shipping Insight report published by shipping consultancy Drewry. This followed a similar fall in the index’s value in August, caused by another month of declini

about 12 years ago
Second-Hand Panamax Prices Hit Bottom
Business & Finance

Second-Hand Panamax Prices Hit Bottom

Extremely poor demand for second-hand Panamax ships of 4,000 TEU has brought asset prices to the floor for that ship type and size. According to vesselsvalue.com, second-hand prices are down by 26% to 38% since the beginning of the year. This can be compared to positive developments in prices for al

about 12 years ago
Staying the same is not good enough, OPITO says
Business & Finance

Staying the same is not good enough, OPITO says

At the fifth annual OPITO Safety and Competence Conference (OSCC 2014), the chief executive of safety standards body, OPITO, will warn the industry that staying the same is simply not good enough and more effective leadership is required to drive a step-change in safety across the global oil and gas

about 12 years ago
DP World Promotes Sustainable Development
Business & Finance

DP World Promotes Sustainable Development

DP World Chairman HE Sultan Ahmed bin Sulayem has emphasized the role of public-private partnerships in promoting sustainable development and long term action at UNCTAD’s World Leaders’ Investment Summit in Geneva, attended by heads of state, government and leading executives of global companies. Sp

about 12 years ago
Revived Ball Joint Design Delivered to Van Oord
Business & Finance

Revived Ball Joint Design Delivered to Van Oord

Dredge Yard has successfully delivered to Van Oord several heavy duty dredge ball joints for the use on discharge pipe of 1000 mm diameter. These dredge ball joints will be used in the Gulf region, which is experiencing exponential growth in infrastructure projects and marine structures. Dredge Yard

about 12 years ago
Unique Maritime Group Appoints New Director
Business & Finance

Unique Maritime Group Appoints New Director

Unique Maritime Group, an integrated turnkey subsea and offshore solutions provider, has named Steve MacMillan as the Global Project Director for its Diving Division and the Global QHSE Director. He will be based at UMG’s head office in Sharjah, UAE. MacMillan’s main responsibilities will focus on m

about 12 years ago
Dubai Companies Keen to Ride Iraqi Import Wave
Business & Finance

Dubai Companies Keen to Ride Iraqi Import Wave

Dubai-headquartered companies Transworld Group and Nawah have entered into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities. As part of their agreement, Transworld Group and Nawah Port Management, Nawah’s port o

about 12 years ago
Clear Sailing for Suezmaxes
Business & Finance

Clear Sailing for Suezmaxes

Several tanker owners have recently placed orders for Suezmax tankers and market pundits have discussed the merits or, in some cases, the potential pitfalls of the renewed interest in this segment of the tanker market, says Poten & Partners in its latest Tanker Opinions. Poten claims that the last t

about 12 years ago
Moody’s Says Shipping Industry Outlook Stable
Business & Finance

Moody’s Says Shipping Industry Outlook Stable

Moody’s Japan K.K. said its outlook for the global shipping industry is stable, with moderate EBITDA growth expected amid continued vessel oversupply. The outlook was previously changed to stable from negative in April 2014. “We expect mid- to high-single-digit percentage aggregate year-over-year EB

about 12 years ago
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