Horizon Lines Report Q1 2014 Container Volume Increase
Horizon Lines, Inc. has released its financial results for the fiscal first quarter ended March 23, 2014. Volume, Rate & Fuel Cost – Container volume for the 2014 first quarter totaled 55,223 revenue loads, up 7.6% from 51,321 loads for the same period a year ago. The increase was primarily due to improved volumes in our Hawaii and Puerto Rico markets, partially offset by a decline in volumes in our Alaska market.
BMT Plans Opening of Two New Offices in Australia
BMT JFA Consultants, a subsidiary of international maritime design, engineering and risk management consultancy, BMT Group, says it plans new offices in both Perth, Western Australia and Brisbane, Queensland in order to better support its clients’ requirements and provide space for expansion. The new Perth office will combine BMT’s strategic ports and harbours and machinery consultancy expertise into a single location in Perth by bringing BMT JFA Consultants and BMT WBM into the one office.
NZ's Trustpower Ltd Year Profit Down 75
New Zealand power company Trustpower Ltd's full-year profit fell 7 percent because of lower generation production and margins, as well as a decline in customers, the company reported on Friday.
CMA CGM's first carrier offering a direct service of 5,700 containers (TEU) vessels to West Africa
The CMA CGM Group informed about the improvement of its ASAF service which will deploy 12 vessels of 5,700 containers (TEU) in direct service to West Africa starting May 9th thus becoming the first carrier with vessels of this capacity to call West Africa directly. With the 5, 700 containers (TEU) vessels calling West Africa in direct service, the CMA CGM Group confirms its ambition to reinforce its offer in the area and to support the economic development of the country.
ABS Secures Prestigious PFLNG Classification Contract
ABS, a leading provider of classification and technical services to the global offshore industry, has been awarded the classification contract from PETRONAS, Malaysia’s national oil company, for the company’s second floating LNG facility (PFLNG 2). The vessel will be built at the Samsung Heavy Industries yard in Geoje, Korea. “This is a very significant award for us,” says ABS Chairman and CEO Christopher J. Wiernicki.
S.Korea Sets Out Economic Support Plan After Ferry Disaster
South Korea said on Friday it would spend more of this year's fiscal budget during the first half and use the central bank's lending facility for smaller firms to support businesses affected by the ferry disaster. The Ministry of Finance and Strategy said in a statement it would allocate 57 percent of this year's planned budget spending to the first half of the year, up from 55 percent originally planned.
Proposed upgrading of berthing facilities at Jurong Port
Jurong Port will carry out construction work from 15 May to 15 October at Chevron Oronite Jetty Osak 4, Jurong Island. The construction activities consist of crane barge lifting, installation and tightening of the fenders. All the machinery and equipment will be demobilized after all construction work is completed. Craft involved in the works will exhibit the appropriate local and international day and night signals. required.
KrisEnergy Acquires 42 Pct Stake In Tanjung Aru Block
Singapore's oil and gas explorer KrisEnergy acquired a 42 percent stake in the Tanjung Aru block in the Makassar Strait from its partner Neon Energy on May 5, company spokesman Tanya Pang said. The transaction occurred after Neon Energy failed to pay a cash call worth $1 million, submitted by KrisEnergy. (Kontan) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)
Atlas Resource Partners, L.P. Announces Pricing Of Public Offering Of Common Units
Atlas Resource Partners, L.P. (NYSE: ARP) announced today that it has priced a public offering of 13,500,000 common units representing limited partner interests at an offering price of $19.90 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 2,025,000 common units. ARP intends to use the net proceeds from this offering to fund a portion of its previously-announced acquisition of oil assets in the Rangely Field in NW Colorado.
Adani’s investment in Queensland moves ahead
Today’s announcement by the Queensland Government on Adani’s Carmichael Coal Mine and Rail Project recommending the environmental approval is a significant step towards opening up the Galilee Basin and providing extensive economic benefits to the people of Queensland. As numerous government strategies have underlined, development of the Galilee Basin is vital to Queensland and Australia’s economic growth.
Saudis Keep June Crude Supply Steady To 1 Asia Buyer
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in June, unchanged from May, an industry source familiar with the matter said on Friday. The OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009. (Reporting by James Topham; Editing by Paul Tait)
Pemex Repsol Stake Sale Would Not Be Bad Idea
Mexico's finance minister said on Thursday that if state oil giant Pemex opted to sell its 9.3 percent stake in Spanish peer Repsol, it would "not be a bad decision" because the money could be invested in Mexico. In an interview with Mexican radio, Finance Minister Luis Videgaray said Pemex's board would take the decision on whether to sell the stake in Repsol. "Irrespective of what the board decides…
Families of S.Korea Ferry Dead March on Presidential Palace
Parents of children killed when a passenger ferry sank last month led a sombre march on South Korea's presidential palace in the early hours of Friday morning, where…
Barge Shipments of Brazil Soy Bound for US Midwest Crushers
Deep discounts for Brazilian soybeans are creating an unexpected new market with U.S. processors and animal producers far upstream in the heart of the Midwest farm…
Oil Rig Helicopter Crashes off Ghana's Coast, Killing Three
A service helicopter carrying workers to an oil rig off the coast of Ghana operated by Russia's Lukoil crashed into the ocean on Thursday, killing at least three people, a military spokesman said.
Dutch Shipbuilders Report Positive Outlook
The Dutch shipbuilding cluster and maritime suppliers achieved good results in 2013, Netherlands Maritime Technology said. The total annual turnover increased from € 6.1 billion in 2012 to € 6.4 billion in 2013. Moreover, the substantially larger order portfolios compared to the previous year indicate further growth in 2014. Netherlands Maritime Technology expects a further increase in the turnover of the entire Dutch shipbuilding cluster this year.
USCG Tows Disabled Boat off North Carolina
The U.S. Coast Guard (USCG) rescued two people Thursday aboard a disabled boat approximately 50 miles southeast of Bald Head Island, North Carolina. Henry Fischer…
Panama Construction Strike Ends, Work Resumes
Construction workers in Panama ended a nationwide strike on Thursday, allowing the expansion of its famous canal to resume after a delay of more than two weeks. "Work has partially resumed today ... it is estimated staff as a whole will gradually return in the coming days," Grupo Unidos por el Canal, the consortium expanding the waterway, said in a statement. The consortium, led by Spain's Sacyr and Italy's Salini Impreglio…
Seven Seas Launches New Facility at ASRY
ASRY, a ship and rig repair yard in the Arabian Gulf, has welcomed a new dedicated living quarters outfitter and HVAC facility operated by UAE-based Seven Seas within the yard. The facility includes a metal fabrication workshop, a carpentry workshop, offices and stores, and will increase the variety and quality of accommodation and air conditioning works ASRY can offer ship and rig clients. The facility…
Cammell Laird Environmental Package Targets Ferry Market
Birkenhead shipyard and engineering services company Cammell Laird said it has developed an advanced shipyard environmental package for ferries, following its strongest year of trading in the sector. Cammell Laird said it has docked 24 ferries between 2013 and the beginning of 2014 and, in addition, has carried out a further 24 afloat repairs for ferry operators. During 2013 Cammell Laird repaired, built and converted almost 250,000 gross tons of ferry and Ro-Ro ships for a wide range of owners.