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Interim Management

Rolls Royce Give Interim Management Statement

Rolls Royce say that current trading is consistent with guidance contained in last annual report Trading since the start of the year is consistent with the guidance provided in our Full Year Report in February. For the full year, the Group continues to expect good growth in underlying revenue and underlying profit with cash flow around breakeven as we continue to invest in future growth. Guidance excludes the impact of the Tognum acquisition and the proposed sale of the Group’s 32.5% shareholding in International Aero Engines (IAE). The Group’s balance sheet remains strong. Recognising this, Standard & Poor’s Ratings Services has raised its long and short term corporate credit ratings to ‘A/A-1’ from ‘A-/A-2’, with a stable outlook. Since announcing preliminary results in February, Rolls-Royce has achieved some important milestones. The Trent XWB engine took to the skies for the first time, on board an Airbus A380 flying test bed. In Singapore, we opened our new manufacturing and training facilities that will produce wide chord fan blades and assemble and test large commercial jet engines. Rolls-Royce continues to invest across the Group in technology, capability and facilities to deliver on our current commitments, to improve productivity and to create opportunities for future growth.


Braemar Announces Unaudited Half-Year Results

Braemar-Steege_Logo.jpg

Unaudited interim results for the six months ended 31 August 2011. Braemar Shipping Services plc (“Braemar” or the “Group”), an international provider of shipping and marine services, today announces unaudited half-year results for the six months ended 31 August 2011.   FINANCIAL HIGHLIGHTS • Revenue from continuing operations £61.5m (interim 2010/11: £67.6m) • Pre-tax profit £5.0m (interim 2010/11: £7.2m)


Capacci Named Washington Ferries Chief

State Transportation Secretary Lynn Peterson today named Capt. George A. Capacci interim assistant secretary in charge of the Ferries Division for the Washington State Department of Transportation. Capacci will lead the ferry system until a permanent assistant secretary is selected. WSDOT will conduct a nationwide search to find the best replacement for outgoing Assistant Secretary David Moseley who resigned effective April 15.


POLB Appoint Al Moro Interim Executive Director

Al Moro: Photo credit Port of Long Beach Commissioners

The Long Beach Board of Harbor Commissioners appoint chief harbor engineer Al Moro as the Port of Long Beach’s interim executive director. Moro, who joined the Port in 1997 as a civil engineer, currently oversees all administrative and technical activities for the Port’s engineering programs, including nearly $4 billion in capital improvement projects. “The Board is extremely pleased that we have unanimously selected Al Moro as our interim executive director


Measures Announced to Prevent Environmental Damage from Harmful Aquatic Plants and Animals

The USCG announced measures to prevent environmental and health problems resulting from harmful aquatic plants and animals carried from abroad in ships' ballast water, a move reflecting the Department of Transportation's commitment to controlling and preventing the introduction of these species. A new interim rule, effective July 1, requires ships operating outside of U.S. waters to report their ballast water management practices


Wärtsilä's Ballast Water System Earns USCG AMS Acceptance

Photo: Wärtsilä

Wärtsilä has been granted Alternate Management System (AMS) acceptance for its AQUARIUS UV Ballast Water Management System (BWMS) by the United States Coastguard (USCG). This allows all U.S. and foreign flag ships fitted with the Wärtsilä AQUARIUS UV BWMS to operate in U.S. territorial waters and to discharge its treated ballast water for an interim period of up to five years from the ship specific implementation date.


Concordia Maritime Release Interim Report

Stena Supreme

In accordance with the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act, Concordia Maritime published its interim report for 2013. Highlights are as follows: Interim Report 1 January – 30 June 2013 •Positive view of the product tanker market continues •Weaker market in Q2, but six-month total better than 2012 •Seven out of ten P-MAX tankers on the open market Six months 2013 •Total income, SEK 246.7 million


FS Nivôse Saves Nordneptun from Pirates

Photo courtesy EU NAVFOR

A helicopter from the EU NAVFOR warship FS Nivôse was launched against a pirate skiff leading to the disruption of a pirate attack against the merchant vessel Nordneptun off Zanzibar, Tanzania on the morning of 25 May. EU NAVFOR continues to successfully patrol, intercept and disrupt pirate attacks throughout the EU NAVFOR area of operations. The French EU NAVFOR warship Nivôse responded immediately to a distress signal from Nordneptune, a tanker


UPDATE: OMB Declares USCG BWT Standard as "Final"

Draft USCG ballast water rule now finalized, according to OMB.   The Office of Management and Budget (OMB) completed its review of the Coast Guard's Ballast Water Discharge Standard regulations in accordance with Executive Order 12866, and changed its designation from an Interim Final Rule to a Final Rule on February 24, 2012. The Coast Guard is preparing it for publication in the Federal Register, and expects to complete the administrative process within 30 days.  


SUNY Maritime Spring Commencement: May 9

Photo: SUNY Maritime College

The State University of New York Maritime College will hold its May Commencement Ceremony on Friday, May 9, 2014 at 11 a.m., in the St. Mary’s Pentagon, Fort Schuyler, on the SUNY Maritime campus. Dr. Michael A. Cappeto, Interim President of the Maritime College, will preside over the Commencement. Approximately 220 students are expected to receive degrees during the ceremonies. John J. Ferriola, Chairman, CEO, and President of NUCOR Corporation


South Korea Police: Body May Be Ferry Disaster Fugitive's

South Korean police are trying to confirm the identity of a body they believe may have been the fugitive head of the family that owned the operator of a ferry that capsized in April, killing more than 300 people, a police official told Reuters.


Good Profitability Noted in Wärtsilä H1 Interim Report

Wärtsilä 46DF Engine: Image courtesy of the manufacturers

Power solutions providers for the marine and energy markets, Wärtsilä, has released a summary of its Interim Financial Report January-June 2014, excerpted as follows: Highlights of the Review Period January-June 2014 Order intake decreased 5% to EUR 2,305 million (2


GLDD Appoint Mark Marinko Senior V-P & CFO

Great Lakes Dredge & Dock Corporation (GLDD) informs that Marinko joins the Company to fill the role vacated in April 2014 and held in interim by the Vice President and Controller, Katherine Hayes. The Company adds that it would like to thank Ms


Alert: NTVRP Interim Authorizations Expire 31, July 2014

The UK P&I Club notifies that the “Nontank Vessel Response Plans and Other Response Plan Requirements” (NTVRP) final rule  required owners or operators of nontank vessels 400 gt and above to submit oil spill response plans for vessels operating on the navigable waters of the


Zargon Oil & Gas Announces Resignation of CFO

Zargon Oil & Gas Ltd. announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism


USCG Double Hull Tanker Rule Published

The U.S. Coast Guard (USCG) final rule on escort requirements for certain tankers operating on the waters of Prince William Sound, Alaska, was published Friday in the Federal Register. This rule finalizes the escort requirements in Title 33, Code of Federal Regulations, Part CFR 168


EnQuest Eyes ExxonMobil Malaysia Assets

EnQuest logo

  EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, agreed to acquire ExxonMobil Exploration and Production Malaysia Inc.’s interest in the Seligi oil field and the PM8 PSC, located offshore Malaysia


Bibby Ship Management Grows in the Offshore Sector

Mark Robertshaw, Managing Director, Bibby Ship Management – Isle of Man

Bibby Ship Management has secured a contract to supply crew management services for Chevron’s floating storage unit, the Alba-FSU. The crew will provide operating, loading and equipment handling services on the Alba Floating Storage vessel.


BP's First Qtr Interim Dividend For 2014

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The Directors of BP p.l.c. announced that the interim dividend for the first quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 20 June 2014 to shareholders on the share register on 9 May 2014


Egypt Puts Sinai's Al-Arish Port under Military Control

Egypt has transferred the assets of the Al-Arish port in the Sinai Peninsula from a civilian-run agency to the armed forces, citing national security reasons in an area where militant attacks have increased in the past year. The decision was made last week by then-interim President Adly Mansour


New Warship for Oman’s Royal Navy

HM Naval Base Portsmouth was lit up red, white and green this morning as BAE Systems handed over the third of three new warships to the Royal Navy of Oman. AL RASIKH is a 99 meter corvette designed, built and delivered as part of Project Khareef


New Port of LA Executive Director Nominated

Gene Seroka: Photo Port of Los Angeles

Mayor Eric Garcetti has nominated Gene Seroka, an executive with APL shipping line, as the next Executive Director of the Port of Los Angeles. The Board of Harbor Commissioners will consider Mayor Garcetti's nomination at its June 5th meeting


ConocoPhillips Donates $1 Mln to Univ. of Texas, Austin

ConocoPhillips

  ConocoPhillips (NYSE: COP) continued its commitment of funding quality higher education at The University of Texas at Austin yesterday with a contribution of $1.185 million. A portion of the donation, $685,000, is intended to support a variety of programs and activities that stimulate


Statoil Approves Dividend Of NOK 7.00 Per Share

AGM in progress

The annual general meeting of shareholders in Statoil ASA today approved a dividend of NOK 7.00 per share. The dividend accrues to the shareholders as of 14 May 2014. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 15 May 2014


BP's First quarter interim dividend for 2014 announced

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  The Directors of BP p.l.c. announced that the interim dividend for the first quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 20 June 2014 to shareholders on the share register on 9 May 2014






 
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