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Steady Growth

Jee Announces Expansion for UK Growth

Trevor Jee

Jee Ltd, an indepenedent multi-discipline engineering and training firm, has announced further plans for expansion to accommodate the company’s growth strategy and the creation of 150 new jobs in the UK. The company which provides a complete range of subsea engineering expertise also announced the appointment of new board members Andrea Haywood, Finance Director, and Jenny Matthew, Director, who will help drive steady growth plans, with the aim of increasing turnover from £5million to £20million in the next 4 years. Jee managing director, Trevor Jee said: “The Jee team, which is spread between Aberdeen and Tonbridge, near London, has already outgrown the current Aberdeen office, having doubled in size this year. As part of a carefully managed growth strategy, we have plans in place to expand the Aberdeen team into new Westhill premises and open an engineering office in Central London, with the potential of creating 40 jobs in the UK by the end of 2013 and a total of 150 UK jobs over the next 4 years.    “Our biggest growth area has been in subsea projects, a large focus for 2012 has been adding to our subsea engineering team, building on the wealth of knowledge the company already possesses as our client portfolio rapidly increases in this area. This recruitment drive will carry on into 2013


Denison Yacht Sales Acquires Generation Marine

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Industry Leader Continues Strategic Path of Growth. Denison Yacht Sales is pleased to announce its acquisition of Generation Marine, a Fort Lauderdale-based yacht brokerage and service company.  Generation Marine's reputation in the trawler and explorer yacht categories helps strengthen Denison's position in this segment of the yachting market. "We feel strongly that the trawler and expedition markets will continue their steady growth," said Bob Denison


Globalization Keeps Future Bright for Shipping

  By Rich DeSimone     The economic storm signals are all around us: the wild swings in stock markets globally, the contraction of credit availability worldwide and the frequent use of the dreaded “R” word. Is the United States headed for a deep recession? Is a recession already under way? Will the slowing U.S. economy drag the rest of the world’s countries into recession as well?


Laid-Up Container Ships

A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year


Chinese Shipbuilder Wins 2012 Award

Luan Xiao Ming, Chief Operating Officer and Executive Director of China Rongsheng Heavy Industries: Photo Rongsheng

China Rongsheng Heavy Industries wins the 'Seatrade Global Performer 2012' award China Rongsheng Heavy Industries, a privately owned enterprise from China, was awarded the “Seatrade Global Performer 2012” at a ceremony in London.
 Mr. Luan Xiao Ming, Chief Operating Officer and Executive Director of China Rongsheng Heavy Industries, received the award on behalf of the Group. Mr. Luan said, “China Rongsheng Heavy Industries was very honoured to receive this prestigious


Japanese Light Industries Look to Expand in Middle East

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A high-level delegation from Japan External Trade Organization (JETRO) recently visited Dubai World Central, the world’s first purpose-built aerotropolis, to take a closer look at the state-of-the-art infrastructure and facilities available to Japanese companies seeking to establish and expand their business operations in the Middle East.  The visit of the Japanese delegation is in line with DWC’s strategy of attracting leading international companies to commence


MSC Europe Experiencing Steady Growth Stream

MSC (Europe) Ltd., the European subsidiary of Maritime Services Corporation, Hood River, Ore. is currently handling various projects throughout the U.K. and Europe, mainly a $2 million conversion of a fast ferry into a casino vessel for Israeli-based Athissa Shipping. MSC provided ship units, project management and fitters for installation of duty free and other shops onboard Fred Olsen's MV Black Watch. The company also installed galley modifications and waste handling equipment onboard


Moody's May Upgrade Royal Caribbean

Moody's Investors Service placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for possible upgrade based on its improved debt protection measures, and the steady growth in earnings and cash flow as well as its reduced need for debt to fund capital expenditures following its equity issuance. Moody's review will focus on the impact of Royal's extensive ship building program on debt protection measures


IBIA Gains IMO Consultative Status

The International Bunker Industry Association (IBIA) gained Consultative Status at the International Maritime Organization (IMO). IBIA's status has been confirmed by IMO's Council after IBIA received formal recommendation from the Marine Environment Protection Committee (MEPC) at its meeting in 2005. Don Gregory, chairman of IBIA, says: "IBIA has rapidly developed in stature and influence and has enjoyed steady growth in membership since its formation 10 years ago


Paradip Port on a robust expansion mode

Paradip Port

  Paradip Port, one of the twelve major ports of India, located close to the mineral rich states on the East coast plans to add significant capacity to meet the ever increasing demand in the region. As a part of its capacity expansion program, Paradip Port Trust intends to develop a Western Dock complex comprising of 6 berths each with a capacity of at least 10 MTPA. In this regard, PPT conducted a conference yesterday for potential investors to present the opportunity and take feedback


HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Results Highlights Strong profit growth: profit attributable to the equity holders surged


Evergreen Line Makes Maiden Call to Boston

ItalLunare docked at the Port of Boston

Evergreen Line’s ItalLunare celebrated its maiden call to the Port of Boston with an official first call and plaque presentation on Wednesday, the Massachusetts Port Authority (Massport) announced. This is the first time Evergreen Line has called Boston directly in nearly 30 years.


Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

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  Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display


Hundreds of Veterans Attend Military2Maritime Event

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National Program Helps Veterans Transition to New Jobs in the American Maritime Industry More than 400 veterans attended a Military2Maritime career fair this week sponsored by the American Maritime Partnership (AMP), the voice of the domestic maritime industry


Oil Holds around $110

By Shadi Bushra, Reuters   Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth. Libyan oil output plunged further over the weekend


Cruise Industry Poised for Global Growth

Norwegian Getaway

The global cruise industry and its fleet of increasingly large, ultra-modern ships is projected to continue its steady growth in 2014, powered by growth overseas, particularly in the German market, as well as the adoption of faster, stronger and generally better satellite communication technology


Members Boost London P&I Club Tonnage

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The London P&I Club has increased its membership by almost two million gross tons over the past year. This increase reflects the entry of further tonnage with the club by existing members, and the addition of new members from China, Greece, Singapore, Turkey, and the U.K.


Aegean Profitable in 2013 Despite Bunker Market Challenges

Bunkering: File photo CCL

Ship bunker suppliers Aegean Marine Petroleum Network release financial and operating results for the fourth quarter ended December 31st, 2013, registering a third consecutive profitable year. Quarterly & full year highlights Recorded sales volumes of 2,384


New Unithai Shipyard to Meet Offshore Demand

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Thailand’s Unithai Shipyard and Engineering said it has expanded operations to support the steady growth of offshore operations. The company has opened a new branch in Songkhla province, one of the busiest offshore markets in the region.


China Now World's Largest Liquid Fuels Importer

Graph courtesy of USEIA

U.S. Energy Information Administration, Short-Term Energy Outlook, March 2014 reveals that in September 2013 China's net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other liquids in the world


Growth for the Swedish Club

Lars Rhodin

The Swedish Club announced to its board today a significant increase in financial strength, with a positive underwriting outcome and investment earnings leading to a surplus of $17 million overall - a testament to the strategy of diversification and focused business development


Hempel Says 2013 Brought Record Profits

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The Hempel Group announced it delivered a record net profit in 2013, placing it in a strong position to achieve its targets through a combination of organic and external growth. The Hempel Group’s continued focus on efficiency and profitability ensured it delivered a net profit of


GPA Spends $86.5m on Ship-to-Shore Cranes

Photo courtesy of GPA

The Georgia Ports Authority Board approved Monday $86.5 million to purchase four new ship-to-shore cranes and 20 new rubber-tired gantry cranes (RTGs) used to handle containers at Garden City Terminal.   “Our continued infrastructure investments enable us to work larger vessels and


Port Everglades Updates Master/Vision Plan for Future Growth

Map of Port Everglades

  Port Everglades is planning for the year 2033 with an updated roadmap for future growth over the next 20 years that identifies $1.6 billion in capital investments to improve productivity for cargo, cruise and petroleum businesses that operate at the South Florida seaport.


Hanjin Makes Maiden Call to Boston

Hanjin Milano made its maiden call at Conley Terminal Friday (Photo: Massport)

The containership Hanjin Milano made its maiden call at Conley Terminal Friday, the Massachusetts Port Authority (Massport) announced. This is the first time that Hanjin Shipping has called the Port of Boston directly, opening a new channel of economic impact for the region.






 
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