Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Investment Community News

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

01 Jun 2023

Follow the Money: Norway is Fertile Grounds for Shipping Projects

Image courtesy Oslo Børs

With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs, part of Europe’s largest stock exchange group…

23 Feb 2023

Propulsion Decisions or Smoke on The Water?

© geoffkuchera / Adobe Stock

In no uncertain terms, the goal of “future capable” ship’s propulsion is confusing. We have been pressed into a regulatory environment that asks us to reduce emissions, and in the same breath deliver power sufficient to meet commercial schedules and allow the vessel to weather a storm and be safe at sea. To reach that end, owners are presented with a basket of new alternative fuels to achieve the latest January 1, 2023 Carbon Intensity Indicator (CII) regulations. Add that most operators have no previous historical experience or data with these alternative fuels…

08 Oct 2020

Danish Offshore Wind Installation Firm Set for Oslo IPO. Picks New Name

Illustration of SBO's new OWF installation vessel

Danish offshore wind turbine transportation and installation company Swire Blue Ocean (SBO) is getting ready for listing on the Oslo Stock Exchange, to position the company for the next phase of its growth.Also, Swire Blue Ocean, as a subsidiary of Swire Pacific Offshore, will be rebranded and renamed Cadeler. The company said the new name would reflect the company’s Scandinavian maritime heritage "and its commitment to excellence in maritime operations."In connection with the Mikkel Gleerup…

17 Sep 2020

Opportunities Gust Off US Shores

© Daniël Leppens / Adobe Stock

Throughout the world, offshore wind is on a growth trajectory. With green energy mandates from states in New England and the mid-Atlantic, the U.S. is joining the fray. Consultants Wood MacKenzie, in its U.S. Offshore Wind Outlook 2020-2029, suggested that as much as 25 gigawatts (GW) of capacity could be deployed in the U.S. by 2030 (though estimates range from 14 GW to as much as 34 GW), accounting for a hefty portion of incremental capacity coming online.Shipyards in New England have already seen the tip of the offshore wind iceberg…

16 Aug 2019

Industry Bodies Join Force for Ocean Economy

The World Ocean Council (WOC) and the World Association for Waterborne Transport Infrastructure (PIANC) have signed an MOU on long-term cooperation.The partnership agreement provides a commitment and framework for the two bodies to collaborate on ocean sustainable economic development through information exchange, communications, events, joint working groups, etc. on topics of shared interest.More specifically, PIANC and WOC will begin by working together to develop tools and methods for port and coastal infrastructure adaptation that can be scaled up to address port resiliency needs, especially regarding extreme weather events affecting…

25 Feb 2019

Adnoc Signs USD4bln Pipeline Deal

Abu Dhabi State-Owned Oil Company Adnoc has sealed a $4 billion midstream pipeline infrastructure deal with BlackRock, the world's largest asset manager, and private equity firm KKR & Co.The Middle East national oil company said that the transaction includes the creation of Adnoc Oil Pipelines, which will lease Adnoc's interest in 18 pipelines and give rights to transport crude and condensates from Adnoc's onshore and offshore concessions over 23 years.BlackRock and KKR will form a consortium to hold a 40% stake in Adnoc Oil Pipelines, while Adnoc Infrastructure, a fully-owned Adnoc subsidiary, will retain the remaining 60%. Adnoc estimated its proceeds at about $4 billion. Sovereignty over the pipelines and management of pipeline operations remain with Adnoc.

07 Aug 2018

Shipping Executive Focus: Art Regan, Executive Chairman, Genco Shipping & Trading

Art Regan, Executive Chairman, Genco Shipping & Trading. (Photo: Genco)

Art Regan, who has been the Executive Chairman at Genco Shipping and Trading (NYSE: GNK) since October 2016, personifies the new type of shipping executive, savvy on all things maritime (he is a graduate of SUNY Maritime College at Fort Schuyler) coupled with a keen understanding of market dynamics. Regan commenced his maritime industry career at sea, rising through the shipboard officer ranks completing as a Master Mariner during a more than ten-year period sailing on oil tankers and dry bulk vessels.

29 Jul 2018

Port of Corpus Christi Raises USD 216mln for Ship Channel Expansion

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi. “This round of funding will help the Port of Corpus Christi further progress our ambitious…

06 Feb 2015

Gazprom holds First Investor Day in Asia

Gazprom held the 10th annual Investor Day for the first time in the Asia-Pacific Region – in Hong Kong (February 3) and Singapore (February 5). Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee; Dmitry Lyugai and Vsevolod Cherepanov, Members of the Gazprom Management Committee as well as heads of the Company’s specialized structural units and subsidiaries. The events were met with great interest by the investment community. In Hong Kong the Investor Day was attended by over 110 portfolio managers and analysts from major international investment funds and credit institutions. In Singapore it attracted more than 120 visitors.

05 Dec 2014

Keppel Listed on Global Sustainability Indices

Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months. Keppel Corporation has been included on the latest Euronext Vigeo World 120 index released 28 November 2014. The company has been listed among the top 120 companies in Europe, North America and Asia Pacific for control of corporate responsibility risk and contribution to sustainable development. In September 2014, Keppel Corporation was the only industrial conglomerate and one of four Singapore companies to be listed as an index component of the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) 2013/14.

29 Oct 2014

Good Performance by Dun & Bradstreet in 3Q 2014

Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. Free cash flow for the first nine months of 2014 was $237.6 million, compared to $263.0 million in the prior year similar period; net cash provided by operating activities for the first nine months of 2014 was $276.7 million, compared to $299.3 million in the prior year similar period. See attached Schedules 3, 4, and 5 for additional detail.

29 Sep 2014

EMAS Offshore Launches Singapore Listing

EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth;  Singapore public offer opens at 6.00 p.m. today and closes at 12.00  noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”, or the “Group”), formerly known as EOC Limited (“EOC”), is pleased to announce the launch of its public offering of shares following the registration of its prospectus (the “Prospectus”) with the Monetary Authority of Singapore (“MAS”), in…

29 Sep 2014

DW: Local Content Key in Foreign Offshore Deals

In many of the key deepwater markets, estimated to be worth $72bn by 2018, E&P and OFS companies alike are exposed to challenging local content requirements, remarks Douglas-Westwood in their 'DW Monday'. Local content agreements are typically are motivated by a desire to stimulate industrial development, and promote technology transfer. A typical local content agreement stipulates that E&P companies must procure a minimum percentage of equipment and services from local contractors. Recent examples can be seen in countries such as Brazil (Petrobras new-build FPSO units to use domestically-built hulls), Angola (BP partnering with Sonangol) and Nigeria (Total utilising a 90% local work force for the AKPO FPSO).

02 Jul 2014

Top 5 Start-Ups Present at DP World's Turn8

Five start-ups presented at round two of the TURN8 Seed Accelerator initiative recently, which was attended by more than 70 delegates, including investors and media professionals at the Meydan Hotel in Dubai. A DP World initiative that was launched last year, Turn8 encourages and supports the realising of innovative ideas from entrepreneurs around the world. The programme also entails an expert mentoring component to help develop their ideas into viable business opportunities. The recent Investor Demo Day saw the culmination of five start-up ideas and their journey over the last four months in developing their business plans, with the aim of sourcing seed funding from prospective backers in the investment community.

28 May 2014

Ship Managers, PVEC, Look to Eco-Cruise Market

Global shipping management company, PV Enterprises International, Inc. "We realized people are the most profitable cargo," said Mr. Peter Villiotis, CEO of PVEC. "We are very excited about our focus on tourism in undeveloped areas, a much larger market where my unique experience as Chief of Technical Operations for two major Cruise lines for 25 years can be effectively utilized. "PVEC has recognized the huge potential in specialty cruises coupled with ecotourism. This relatively new, immature and inefficient segment of this $36 billion market presents enormous potential. "Consistent with our firm commitment to build a global integrated maritime services company, we have accomplished much this year to develop this plan.

17 Dec 2012

HII Make New Executive Appointments

Dwayne Blake: Photo credit HII

Huntington Ingalls Industries announces new executive appointments for Investor Relations and Internal Audit. HII appoint Dwayne Blake corporate vice president, investor relations, and Scott Stabler corporate vice president, internal audit, effective Jan. 1, 2013. Blake, formerly the corporate vice president, internal audit, is replacing Andy Green, who is leaving the corporate staff for a position at HII's Newport News Shipbuilding division (NNS). Blake's responsibilities will…

06 Sep 2012

German Shipping Transport & Emission Costs on Summit Agenda

A 'Creating Climate Wealth Summit Germany' hosted by Carbon War Room aims to accelerate clean technology adoption. Over 90 percent of the world’s trade cargo spends time on the ocean during its journey to market, carried by any one of approximately 60,000 active commercial vessels. Although the shipping industry, relative to other freight modes, is already very energy efficient, the widespread adoption of additional market-scale clean technologies which improve hull, engine and propeller design will produce further reductions in fuel consumption. With the global financial slowdown and increasing fuel prices precipitating a restructuring of resources across the shipping industry…

13 Mar 2008

ACL to Present at Conference

American Commercial Lines Inc. (ACL ) announced that it will be a presenter at JP Morgan Aviation & Transportation Conference in on March 19, 2008. Michael P. Ryan, President and Chief Executive Officer will speak to the investment community at 3:30 pm EDT. The live audio webcast from the conference may be accessed on the JP Morgan Event Center website within 24 hours of the presentation. The presentation will be archived through June 17, 2008.

04 Dec 2007

ACL Names VP of Investor Relations and Corporate Communications

American Commercial Lines Inc. announced that it has appointed David T. Parker to the position of Vice President of Investor Relations and Corporate Communications. Parker is responsible for facilitating ACL’s communications with the investment community and for public relations. He also serves as the Company’s primary media contact. Parker served as Senior Counsel and Lead Practitioner for Corporate Affairs, High Technology and Investor Relations for Peyron & Associates, a member of Pinnacle Worldwide, one of the world’s leading organizations of independently owned public relations firms. In this role he originated a strategic investor relations practice for the firm and led programming for clients in the technology, renewable energy, and retail industries.

12 Jan 2004

CP Ships Announces 4Q Reporting Date and Webcast

CP Ships Limited plans to announce its fourth quarter 2003 financial results on Thursday 5th February 2004. CEO Ray Miles will host a conference call and presentation to the investment community on 5th February at 11:00 am Eastern time, 4:00 pm London, UK time. The conference call and presentation will be webcast live and can be accessed through the CP Ships website (www.cpships.com). The webcast will also be available in archive through the CP Ships website until Friday 5th March 2004.

15 Sep 2003

Seabulk To Present At Energy & Power Conference

Seabulk International, Inc. plans to make a presentation to the investment community at the RBC Capital Markets North American Energy & Power Conference 2003 in Houston on Wednesday, September 17, at 1:45 p.m. (CDT). The presentation will be made by the Company's Senior Vice President and Chief Financial Officer, Vincent J. deSostoa, and will be audio Webcast. To access the Webcast, go to http://www.wallstreetwebcasting.com/webcast/dr13/sblk. Participants should go to the Web site at least 10 minutes prior to the broadcast to register, download and install any necessary audio software. The Webcast will be archived for 30 days following the conference.

06 Dec 2007

ACL Names VP of Investor Relations

American Commercial Lines Inc. has appointed David T. Parker to the position of Vice President of Investor Relations and Corporate Communications. Parker is responsible for facilitating ACL's communications with the investment community and for public relations. He also serves as the company's primary media contact.