Coflexip Records Best Results Ever
Offshore oil equipment and services provider Coflexip set an all-time high on Thursday following a price target upgrade by a major broker and on bright prospects for North Sea contracts.
H&W Decision To Come Soon
Norwegian offshore group Fred Olsen Energy said it aimed to resolve next week the fate of its Northern Irish Harland shipyard, famed for building the ill-fated Titanic.
Imtech Wins $141M in Orders
Transport, engineering and trading company Internatio-Mueller NV said on Thursday its Imtech division had won orders from three shipyards worth a total of 345 million guilders ($141.6 million).
A.P. Moeller Profits Fly Orange
A.P. Moeller, operator of the world's leading container line and a big oil producer, posted sharply higher first-half profits on Thursday and said full year profits would improve considerably on 1999.
Petroleos: Oil Output Is Fine
The president of Venezuelan state oil giant Petroleos de Venezuela (PDVSA) insisted he did not see any need for OPEC member countries to raise output to cool sizzling oil prices.
Maritime Stocks Move Up
The Shipping Index at the Oslo Stock Exchange performed well in the quite summer month of July, rising 2.7 percent, and thus again lifting the maritime sector of shipping…