Marine link

Growth Continues

IEA: Oil Demand to Grow 2.2% in 2005

The International Energy Agency’s most recent monthly report estimates for 2005 that global demand will grow by 1.8 mb/d, or 2.2%. This projection is on par with the level of growth experienced in 2003, as the global economy was recovering from a steep, but short-lived, recession, but is conservative when comparing it to the record 2.5 mb/d -- or 3.2% -- projected for 2004. The 2005 demand estimate assumes: normal weather, a moderate slowdown in global GDP growth, an easing of crude oil and product prices and a modest reduction in Chinese oil consumption growth. Even so, Chinese oil demand is expected to grow by 510 kb/d, or 8.1% in 2005. The Middle East is also expected to contribute strong consumption growth in 2005 of 260 kb/d or 4.7%. These high growth rates contrast with substantially lower oil demand growth in the OECD of slightly less than 1% in 2005, holding flat in OECD Asia but rebounding slightly in OECD Eastern Europe. Non-OPEC supply, including non-crude production from OPEC, is expected to show robust growth of around 1.6 mb/d in 2005. Non-OPEC supply growth averages over 1.0 mb/d per year during 1995-2005. Russia has been the engine of non-OPEC supply growth over the last half of this period and has the capacity to maintain strong growth in the future. However, in light of recent developments in Russia, this Report takes a more conservative approach to supply growth in 2005

Boatbuilding Booms as More Americans Take to the Water:

New data from The National Marine Manufacturers Association (NMMA) show 88 million Americans expected to take to U.S. waterways this summer. NMMA add that recreational boating in the U.S. has an annual economic value of $121-billion.  The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83 billion in annual spending.

P&I Club Celebrates 21 Years in Germany

Dr Matthias Reith, director of German bulk carrier owner Orion Schiffahrtsgesellschaft Reith & Co of Hamburg, helped the North of England P&I club celebrate 21 years of working with the German shipping industry today. Speaking a major industry reception organized by the club at the Zipplehaus restaurant in Hamburg, Dr Reith said 'In 1982 Orion became the first company from Germany to join the North of England. The club now insures 36 fleets in Germany and works with 11 of the German-based

Inmarsat 3Q Results

FleetBroadband from Inmarsat will will cover the Volvo Ocean Race.

Inmarsat Holdings Limited, a wholly-owned subsidiary of Inmarsat plc (LSE: ISAT), provider of global mobile satellite communications services, reported unaudited consolidated financial results for the 3 months ended 30 September 2008. Q3 2008 Highlights •    Revenue up 16.4% to $162.5m (2007: $139.6m) •    EBITDA up 15.4% to $112.3m (2007: $97.3m) •    Profit after tax up 58.6% to $37.6m (2007: $23.7m)

Saudi Seaports Witness 10% Increase In Cargo To Q3 2010

Chris Hayman.jpg

Kingdom plans multi-billion dollar PPP investments to boost port capacities as imports and container numbers increase 18% and 20% respectively Recognising the vital role of the region’s ports in providing trade links between the Far East, Asia, Europe and the US, international shipping and cargo experts are set to gather in Abu Dhabi on 28-30 March, for the World Ports and Trade Summit 2011. Multi-billion dollar investment in port operations across the Middle East is again surging

Jotun Continues to Grow

Image:  Jotun

 Jotun, coating solutions to the global marine fleet,  recorded sales of NOK 10.9 billion and an operating profit of NOK 1.7 billion in tn the first eight months of 2016.   To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation, both in Norway and other key markets.   To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation

PPG Reports Record Q1 2014 Results


  PPG Industries (NYSE:PPG) reported record first quarter 2014 net sales from continuing operations of $3.6 billion, up $528 million, or 17 percent, versus the prior year. First quarter 2014 reported net income from continuing operations was $277 million, or $1.97 per diluted share. First quarter 2014 adjusted net income from continuing operations was $279 million, or $1.98 per diluted share, which excludes $2 million, or 1 cent per diluted share,for acquisition-related costs.

Hawaiian Market Growth Boosts Matson Q3 Results

Photo: Matson

Matson, Inc., a U.S. carrier in the Pacific, announced its results for the third quarter of 2014, in which it reported a net income of $21.5 million, or $0.50 per diluted share, compared with $17.2 million or $0.40 per diluted share in 2013, while consolidated revenue for the third quarter 2014 was $441.8 million compared with $415 million in 2013. For the nine-month period ended September 30, 2014, Matson reported net income of $43 million, or $1 per diluted share compared with $46

Liebherr Werk-Nenzing's 2009 Results

Photo courtesy Liebherr-Werk Nenzing  GmbH

In a highly volatile business environment, Liebherr’s Mobile Harbour Crane Division delivered satisfactory operational performance. In 2009, deliveries amounted to 74 Mobile Harbour Cranes and thus were 27% below those of the previous year’s period. In comparison the total MHC market including all manufacturers dropped ~40%. To complete the picture, this decrease has also to be put in relation with the figures of the previous years

UAE to Generate 9.4 Billion by 2014

Frank Courtney

UAE to generate logistics revenues in excess of USD 9.4 billion by 2014 to lead growth of regional logistics and supply chain sector.   International cargo demand in Middle East to expand 4.9 per cent by 2016  Barloworld unveils growth plans focusing on strengthening presence in key markets such as UAE, Saudi and Qatar in 2013     Barloworld Logistics, a  provider of logistics and supply chain management solutions

World Fleet Growth: Let’s Do The Time Warp Again?

Graph: Clarksons Research

 Clarksons Research says that there has been a rapid expansion in the world fleet over the last decade. However, the pace of growth has slowed dramatically in recent years.    Generally more limited contracting and subsequently significantly lower delivery volumes combined with

TorQuest Partners Invests in McKeil Marine

Steve Fletcher (Photo: McKeil)

TorQuest Partners has invested in McKeil Marine, in partnership with existing management and shareholders, the two companies announced. Terms of the investment were not disclosed.   McKeil also announced that Steve Fletcher, President, who has been with McKeil for 17 years

DP World Volume Up 2.2%

Sultan Ahmed bin Sulayem, DP World Group Chairman and Chief Executive Officer Photo DP World

DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like  basis.  

Adani Ports PAT Grows by 61%

Karan Adani Karan Adani CEO, APSEZ   Photo Adani

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and the logistics arm of Adani Group, today announced another stellar operational and financial performance for the quarter and half year ended September 30, 2016.  

Hoover Container Solutions, Ferguson, CCCC Merge

Hoover Ferguson Logo

Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), three leading global providers of container solutions products in the energy, petrochemical and general industrial markets

Antwerp Port Volume up 3.3% in 9 months

Courtesy Antwerp Port

The port of Antwerp continues its excellent performance, handling 161,671,573 tonnes of freight in the first nine months of this year, up 3.3% on the same period last year. The container volume in the first three quarters came to more than 7.5 million TEU. This represents growth of 4

GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries

EU Transporters Seek Okay for Multi-Annual Financial Framework

Photo: ESPO

 30 European transport associations, representing infrastructure managers, operators, local authorities, users and equipment suppliers in the maritime, inland waterways, railways, road, cycling, aviation and intermodal sectors, call on the European Parliament and the Council to approve the

Maersk Line Returns to Iran

Photo: Maersk Line

 The latest country included in the Maersk Line organization is part of the UAE cluster comprising of UAE, Oman, Qatar and Iran. Christian Juul-Nyholm, Managing Director, UAE Cluster, is upbeat about this development.    He says

DP World to Develop Ukraine Logistics

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with President Petro Poroshenko during their meeting in Ukraine recently.

Global trade enabler DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country.   On a recent visit to Ukraine

Container Shipping Market has Bottomed Out

Photo: CMA CGM

Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global

Inland Waterways A Game Changer in India

Photo: Official Twitter Page of Nitin Gadkari

 Indian Minister for Road Transport Highways & Shipping,  Nitin Gadkari gave an overview of his Ministry’s achievements as well as plans for future growth.    Beginning with Shipping, he informed that while ports around the world had faced losses

Intellian Announces IPO

Intellian is a leading global provider of stabilized satellite antenna systems Photo Intellian Technologies

Intellian Technologies announced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share.   The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m

Richmond Marine Terminal Volume Up 55%

Courtesy Port of Virginia

The Port of Virginia handled 220,000 TEUs in September and that volume helped to push solid growth in rail cargo and in containers moved to Richmond Marine Terminal by barge. In comparison with last September, TEU volumes are up 2 percent; rail units up 16 percent and volume at Richmond Marine

Nakilat Delivers Steady Performance in Q3

Abdullah Fadhalah Al Sulaiti Photo Nakilat

 Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757 million for the same period last year. The Board of Directors stated that the company’s strategic long-term

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