Statoil's Q1 2011 Results
Statoil's first quarter 2011 net operating income was NOK 50.7 billion, a 28% increase compared to NOK 39.6 billion in the first quarter of 2010. The quarterly result was mainly affected by a 33% increase in the average prices for liquids measured in NOK, a 20% increase in average gas prices, and a 12% decrease in liftings, when compared to the same period last year. "In the first quarter of 2011 we delivered good financial results and passed important industrial milestones.
Genco Shipping & Trading Announces Q1 2011 Results
Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three months ended March 31, 2011. The following financial review discusses the results for the three months ended March 31, 2011 and March 31, 2010. * Continued time charter strategy of fixing vessels on short term or spot market related contracts with options to convert to fixed employment contracts while market remains soft.
Safe Bulkers, Inc. Reports Q1 2011 Results
Athens, Greece – May 3, 2011 -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the first quarter ended March 31, 2011. The Company’s Board of Directors also declared a quarterly dividend of $0.15 per share for the first quarter of 2011. Net revenue for the first quarter of 2011 increased by 23% to $42.3 million from $34.3 million during the same period in 2010.
BMT Opens in Rio
BMT Scientific Marine Services (BMT) is pleased to announce the opening of a new office in Rio de Janeiro, Brazil. Trading as BMT Scientific Marine Services Ltda, BMT will operate in Rio de Janeiro as an extension of its existing offices in California and Houston. The local presence provided by this new base in South America is integral to BMT's ongoing effort to enhance product sales, delivery and service support to Petrobras and other oil and gas firms in Brazil.
Haugan CEO of Kvaerner
Jan Arve Haugan has been appointed President and Chief Executive Officer (CEO) of Kvaerner. This new engineering, procurement and construction (EPC) company is being…
Subsea 7 Completes First Autonomous Inspection Vehicle
Subsea 7, a provider of seabed-to-surface engineering, construction and services, announced that it has completed the design and build of the first commercial AIV…
Cornel Martin Departs Waterways Council
Waterways Council, Inc. (WCI) President and CEO Cornel Martin has announced that he will be departing the organization at the end of June. On July 1, 2008, I was offered and accepted the job of President and CEO of Waterways Council, Inc. (WCI). Over the last three years, we have made great progress restructuring and improving the organization, working with the Corps of Engineers and industry leaders…
BCGP Delivers Two RHIBs to Jordan
Brunswick Commercial and Government Products (BCGP), a division of Brunswick Corporation, recently delivered two 750 Impact rigid hull inflatable boats (RHIBs) to the country of Jordan. The boats will be used for dive and rescue operations at popular dive spots in the area. The two RHIBs are each powered by a Cummins 5.9L 355 hp inboard diesel engine, and propelled by Ultra Jet 305 water jets. The…
Daewoo Shipbuilding's Q1 Net Profit Doubles
Accordin to a report from AFP, South Korea's second biggest shipbuilder Daewoo Shipbuilding and Marine Engineering said net profit for the three months ended March 31 soared to $222m.
Newport News Sub Contract: Up to 1,000 More Workers
According to a report from the Daily Reporter, up to 1,000 workers are expected to be added to Newport News Shipbuilding's Virginia-class attack submarine construction…
Rosneft to Buy $708M Drilling Rig
According to a report from The Moscow Times, United Shipbuilding Corporation is contracted to deliver a semi-submersible drilling platform to Rosneft by Dec. 15…
USACE Photo: Flood Response
U.S. Army Corps of Engineers vessels and crews prepare to conduct flood response operations with Coast Guard response boat crews along the banks of the Mississippi River, May 1, 2011. The USACE and the Coast Guard are working with various states and agencies to minimize damage to property, structures and to help save lives form historic flood levels. U.S. Coast Guard photo by Petty Officer 2nd Class Bill Colclough.
BOEMRE Invites Comment on Nexen EA
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced that public comment is invited with respect to an Environmental Assessment…
This Day in U.S. Coast Guard History - May 4
1882-The Secretary of the Treasury was authorized to discontinue any lifesaving station, transfer apparatus, appoint keepers, etc. 1910-Congress required every passenger…
This Day in U.S. Naval History - May 4
1942 - Battle of Coral Sea, first carrier vs. 1945 - Japanese attempt to land on Okinawa repulsed; kamikaze attacks damage 6 U.S. 1961 - Pilot CDR Malcolm D. Ross…