SEACOR Holdings Announces Q2 Results
SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.
RIMPAC Draws ADF Closer to Amphibious Future
More than 800 Australian Navy, Army and Air Force personnel are on their way home after taking part in RIMPAC, the world’s largest naval exercise, which concluded in Hawaii today. Australia sent the Royal Australian Navy (RAN) ship HMAS Success and Submarine HMAS Sheean, a rifle company from 5th Battalion, the Royal Australian Regiment and three Royal Australian Air Force (RAAF) AP-3C Orion aircraft…
Asia-N.Europe Container Freight Rates Jump 21%
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the first time rates on the world's busiest route rose since July 4, when they jumped 28 percent. Container freight rates have so far increased in 10 weeks this year but fallen in 21 weeks.
Dan-Bunkering Restructures for Expansion
Bunker trading company A/S Dan-Bunkering Ltd. introduced a new organizational structure effective August 1, 2014. The company said the move was made to maintain its position, continue expansion in the marketplace and to accommodate a newly implemented strategy. “We must secure our position in the Asian region and look for further opportunities in this for us very important region. In order to achieve this, Managing Director of Dan-Bunkering (Singapore) Pte.
Langh Ship Scrubber Receives Class Approval
Langh Ship received on July 17, 2014 final class approval from Germanischer Lloyd for its exhaust gas cleaning system on m/s Laura, a 1996-built a 6,500 DWT general cargo vessel equipped with a 6 MW main engine. “The technology had already been accepted earlier, but now the documentation is also finalized,” said Reino Verosaari, Senior Technical Adviser. Langh Ship is a shipping company that has developed its own closed loop scrubber.
ESS Lands Second Contract with Dolphin Drilling
ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd. Aberdeen-based ESS has worked with Dolphin Drilling since 2007, delivering food and housekeeping services on board the Belford Dolphin. This second contract, which commenced on June 1, 2014, will see the ESS team provide catering…
Kurdish Crude Oil Tankships: End-Game Still in Doubt
After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly unable…
Greek Warship Evacuates Libya Personnel
Greece safely evacuated embassy staff and more than one hundred Chinese and European nationals from Libya early on Friday with a navy frigate sailing back to the Greek port of Piraeus, its defence ministry said. Athens had sent a frigate and two other vessels to Libya to evacuate workers at its embassy in Tripoli on Thursday. The past two weeks of fighting between rival militias in Libya have been the worst since the civil war that ousted Muammar Gaddafi in 2011…
“K” Line and Ports America Deal on Strategic Partnership
KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce that “K” Line and Ports America have agreed to form a strategic partnership aimed at enhancing and expanding “K” Line’s container terminal business. International Transportation Service, Inc.（ITS）, which is a wholly-owned subsidiary of “K” Line, has operated container terminals in Long Beach and Tacoma for more than 40 years. ITS was the pioneer in providing on-dock double stack rail service to its customers…
New Tolls Structure at Panama Canal
The Panama Canal Authority has advised that a new tolls structure will be introduced when the expanded Canal opens. The proposal the Authority plans to present in the coming months provides a structure that is competitive, attractive and customised to reflect advantages to clients by ship type, vessel size, utilisation level (referring to actual cargo aboard during transit), laden/ballast transits, completely or partially full transits, among other factors.
Children’s Day at Gazprom Transgaz Saratov
On May 31 and June 1, 2014 . Over two thousand children from the Saratov, Tambov and Penza Regions took part in sports competitions, environmental quizzes and cheerful celebrations with performances by entertainers and company’s amateur creative teams. he volunteers of the Our Concern youth association jointly with the PR and Media Relations Service organized a charity celebration for the patients of the anti-tuberculosis health resort patronized by the company for ten years already.
Rosneft to Carry Out Ecologic Fishery Research in Laptev Sea
For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and obligatory part of licensed sites water areas geologic research, which includes geological and ichthyological surveys. As a result of the research an integrated picture of original (background) ecological state will be received.
Jinhai Heavy Industry Secures Another Invention Patent
Jinhai Heavy Industry of China has received patent rights for its large ship superstructure hoisting method after a state intellectual property review. The patent rights is for twenty years. The invention patent of large ship superstructure assembly method, is based on the weight and center of gravity of the whole superstructure, gantry crane equipment parameters, such as wire rope length and angle of precise calculation…
Rolls-Royce Appoints Ruth Cairnie as Non-Executive Director
Rolls-Royce is pleased to announce that Ruth Cairnie has been appointed as a Non-Executive Director of the Company with effect from 1 September 2014. Ruth Cairnie was formerly Executive Vice President Strategy & Planning at Royal Dutch Shell Plc, where she held a number of senior international roles, including managing the Global Commercial Fuels business. She served on the boards of Shell Pakistan Ltd and joint venture companies in Germany and Thailand.
1H 2014 Profits of Port of Tallinn Up 16%
Port of Tallinn earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover increased by 7% and the net profit by 16%. “The first half of this year introduced the best ever figures for Port of Tallinn, both financially and concerning the record number of passengers,” said Ain Kaljurand, the Chairman of the Management Board of AS Tallinna Sadam.
Geo-Science Provider TGS Reports Strong Half 2014 Results
TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company's net pre-funding revenues were USD 60 million, up 39% from Q2 2013. Backlog of USD 224 million remains near an all-time high level. "Despite restricted near-term exploration spending as well as the delayed announcement of the blocks for the Norwegian 23rd licensing round…
Matson Reports Solid Q2 2014 Results, Dividend Increased
Leading U.S. carrier in the PacificMatson, Inc. reported net income of $18.1 million or $0.42 per diluted share for the quarter ended June 30, 2014, compared with $20.1 million or $0.47 per diluted share in 2013. Consolidated revenue for the second quarter 2014 was $436.4 million compared with $416.6 million in 2013. Matt Cox, Matson's President and Chief Executive Officer, commented, "We had another solid quarter…
Korea Shipbuilder Wins US$400-M Greek Order
Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News. Daewoo Shipbuilding plans to deliver the tankers by 2016, the company informed Yonhap in an e-mailed statement. The two companies have also signed a separate contract with an option to change the tankers' bunker-C oil-fuelled engines to LNG supply.
Scientific Team Arctic-bound Aboard Cutter 'Healy'
A team of scientists from the Coast Guard Research and Development Center (RDC) is to depart shortly from Seward, Alaska, for a technology evaluation in the Arctic aboard the Cutter 'Healy informs USCG. The RDC is leading a multi-agency team to support Arctic Shield 2014, a 17th Coast Guard District initiative. The purpose of their month-long evaluation is to improve Coast Guard capabilities in the Arctic region…