Kirby Corp. Announces Record 3Q Results
Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter…
Vale Financials Disappoint; Iron Ore Prices, Currency Cited
Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.
First Libra Offshore Oil Well Confirms Discovery
Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality oil in the northwestern part of the structure . Well, informally known as NW1, is located in the pre-salt Santos Basin, approximately 170 km off the coast of Rio de Janeiro and about 4 km southeast of the discovery well, 2-ANP-2A RJS. The carrier oil interval was found through profiles and fluid samples…
Danny Broad Appointed to ARENA Board
The Chair, Board members and staff of the Australian Renewable Energy Agency (ARENA) are delighted to advise that Danny Broad has been appointed by the Australian Government to the Board of ARENA.
USCG Suspends Search for the 2 Migrants
The Coast Guard suspended its search Wednesday at 3 p.m. for two missing Cuban migrants in the vicinity of Caesar Creek, Florida, to Haulover Inlet, Florida. "Our Coast Guard men and women worked tirelessly looking for the two missing Cuban migrants; however, despite our best efforts we have been unable to locate them, and have decided to suspended the search," said Capt. Austin Gould, commander of Coast Guard Sector Miami.
Hyundai Heavy Plummets to Worse Loss Ever
South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders. Hyundai Heavy said on Thursday it slumped to an operating loss of 1.93 trillion won ($1.83 billion) in the third quarter…
Aquarius MAS with Marine Solar Power Installed on Delos
Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'. The Aquarius MAS has been installed as part of a joint renewable energy project with Blue Star Ferries and the approximately 2kW trial solar array on-board the vessel is now in operation and providing a source of renewable energy for the ship.
Danaos Corp. 3Q & 9M Results
Danaos Corporation, a leading international owner of containerships, today reported unaudited results for the period ended September 30, 2014. * Operating revenues of $139.5 million for the three months ended September 30, 2014 compared to $148.4 million for the three months ended September 30, 2013, a decrease of 6.0%. Operating revenues of $411.4 million for the nine months ended September 30, 2014 compared to $441.1 million for the nine months ended September 30, 2013, a decrease of 6.7%.
Warships Heading to Albany
HMAS Stuart and Japanese Defense Ship Kirisame departed Fleet Base West late yesterday to participate in the Albany Convoy Commemorative Event this weekend. The event will commemorate the 100th anniversary of the departure of the first convoy of troop ships to the First World War which carried 30,000 men from the Australian Imperial Force (AIF) and the New Zealand Expeditionary Force (NZEF) to the Middle East, from Albany, Western Australia.
Fincantieri & Vittoria Shipyard Join Forces
During the 24th edition of Euronaval, the most prestigious event in the world for naval defense, Fincantieri, one of the major shipbuilding groups worldwide, and Vittoria Shipyard, located in Adria (Rovigo), specialized in naval vessels, and cargo ships up to 100 meters in length, signed a cooperation agreement. The agreement was signed by Paolo Frino, Senior Vice President After Sale and Services of Fincantieri Naval Vessel Business Unit, and Luigi Duó, Chairman of Vittoria Shipyard.
Eurodam Tops in USPH Inspections
Holland America Line’s ms Eurodam achieved a perfect score of 100 on a recent routine United States Public Health (USPH) inspection conducted by the U.S. Centers for Disease Control and Prevention. This achievement marks the seventh consecutive perfect score for the ship. The unannounced inspection of ms Eurodam was held Oct. 22, 2014, during a call at Boston, Mass. The ship recently repositioned cruise to Fort. Lauderdale, Fla., for its Caribbean season.
Maersk Interceptor Named in Norway
In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had the honour of naming the ultra harsh environment jack-up rig Maersk Interceptor. Maersk Interceptor is the second in a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s fleet. The four jack-up rigs represent a total investment of USD 2.6bn.
Monitoring U.S. Troops Returning from Ebola Mission
Secretary Hagel has signed an order that validated a recommendation from the Joint Chiefs of Staff to place all U.S. military service members returning from Ebola response efforts in West Africa into a 21-day controlled monitoring regimen. This order will apply to all military services that are contributing personnel to the fight against Ebola at its source. The secretary has also directed that the Joint Chiefs develop…