News
ICTSI Poland Set for Development
Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Poland, recently entered into a credit facility agreement for US$46.5 million with Bank Pekao S.A for the modernization of the terminal in Gdynia. The facility consists of a 10-year capital expen
The Netherlands: EIB Finalises EUR 900 Million for Maasvlakte 2
The European Investment Bank has formally agreed to provide the final part of EUR 900m overall funding to support investment by the Port of Rotterdam Authority in port infrastructure, of which Maasvlakte 2 is by far the most important. The European Union’s long-term lending institution has funded la
Sierra Rutile Posts 2011 Financial Results (UK)
Sierra Rutile Limited has announced its results for the year ended 31 December 2011. Key Highlights: – A successful year of transition and progress. – Revenue increased 25% to US$55.0 million in the year (2010: US$43.9 million). – EBITDA1 of US$0.1 million (2010: US$(0.8) million). – 2011 rutile pro
Spain: Repsol Q1 LNG Profit Up 37.4 Percent
Repsol of Spain in the first quarter of the year posted net income of 643 million euros, 12.4% higher than the 572 million euros reported in the year earlier period. Including YPF, quarterly net profit rose to 792 million euros, an improvement of 3.5% from 765 million euros the previous year. The im
ICTSI Croatia Inks Agreement for New Terminal Equipment
Adriatic Gate Container Terminal j.s.c. in Rijeka, Croatia recently signed an agreement with Shangai Zhenhua Heavy Industries Co. Ltd. for the delivery of new equipment for the terminal. These equipment include two post Panamax quay cranes, eight rubber tired gantries and rail mounted gantries. Deli
Norway: Bonheur Announces Results for First Three Months
As a consequence of Bonheur ASA holding more than 50% of the shares of Ganger Rolf ASA, Ganger Rolf ASA is fully consolidated for accounting purposes as a subsidiary of Bonheur ASA. As Bonheur ASA and Ganger Rolf ASA have a joint ownership of their major investments, the ownership structure entails
Norway: Johan Sverdrup Production Starts in Late 2018
The licensees of Norway’s Johan Sverdrup discovery will select a development concept in the fourth quarter of 2013, and aim to start production in the last three months of 2018. With a forecast producing life of more than 30 years, the production time frame for this North Sea find extends to 2050. A
UK: ABPmer Specialist Contributes to Special Issue of Coastal Engineering Journal
ABPmer, a leading UK marine environmental consultancy, has recently published four articles in a special issue of the international journal, Coastal Engineering. Edited by ABPmer’s Jon Williams, a specialist in sediment processes, the issue focuses on the results from a large-scale laboratory study
UK: Forewind Holds Dogger Bank Teesside Consultation Events This Month
Three consultation events have been arranged by the Forewind consortium to give the Teesside public a chance to see the early proposals for the latest phase of the Dogger Bank development, according to the NeBusiness. The events, scheduled for this month, will take place near the onshore cable route
U.S. SEACOR Selects Kongsberg DP System for Its Crew Vessels
U.S. offshore marine support vessel operator SEACOR Marine LLC (SEACOR Marine), located in Houma, Louisiana, has chosen Kongsberg Maritime to supply sophisticated Dynamic Positioning systems for two new 190-foot CrewZer Class Crew boats (also known as Fast supply vessels). SEACOR Lynx and SEACOR Leo
Germany: E.ON Net Income Climbs
E.ON AG has made a successful start to 2012. The Düsseldorf-based energy company put in a positive first-quarter performance, increasing its EBITDA by 9 percent year on year to around €3.8 billion and its underlying net income by 27 percent to around €1.7 billion. “As we described in March, we’re no
The Netherlands: TQC Relocates to New Headquarters
TQC, manufacturers and producers of paint test and inspection equipment in The Netherlands have moved to new headquarters. The new premises in Capelle aan den IJssel, near Rotterdam City, offers over 4000 sqm. of quality space. The new building hosts the TQC offices and logistics but also the engine
Fluxys Changes Name, Becomes Fluxys Belgium
The extraordinary general meeting of Fluxys yesterday decided to change the name of the company to Fluxys Belgium. The new name clarifies the company’s field of activity. For the same reason, parent company Fluxys G yesterday changed its name to Fluxys. Parent company Fluxys coordinates the strategy
SGS Takes Part in RenewableUK Global Offshore Wind 2012 in London, UK
SGS, the world’s leading inspection, verification, testing and certification company, will attend the 11th RenewableUK Global Offshore Wind 2012 Conference and Exhibition held in London, UK. For the duration of the event, running June 13-14, 2012, SGS’s team of experts will showcase the wide range o