Wilhelmsen: Q1 2019 Shows $29m profit
The Wilhelmsen group recorded a $29 million net profit after non-controlling interests for the first quarter of 2019. Increased share of profits from associates and net financial gains more than offset a reduction in adjusted EBITDA when compared with the previous quarter.Total income for the Wilhelmsen group was $199 million in the quarter, while EBITDA came in at $34 million. This included a $7 million sales gain.
Q-Flex LNG Carrier reaches 10 Years of Safety
Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to nearly 3 million safe man-hours. Al Ghashamiya is one of 18 vessels being operated and managed in-house by Nakilat, with the fleet comprising of 14 LNG and four LPG carriers.Earlier in April, another Nakilat-managed vessel, LPG carrier Bu Sidra achieved 7 years LTI-free with 1.6 million safe man-hours.
Mjølner, MID-SHIP Partner for Product Solutions
Mjølner Shipping Holdings LLC and MID-SHIP Capital LLC has announced the expansion of their joint venture with the launch of their second fund, Mjølner Product Solutions…
Furuno USA Hires Toma
Furuno USA has hired a new commercial business development manager. Based in Houston, Texas, Mr. George Toma will play a key role in establishing and developing business relationships with commercial ship owners, operators, and builders around the country to promote the Furuno product line.Toma comes to Furuno with forty years of experience in the maritime industry. He has served on the Board of Directors for RTCM (Radio Technical Commission for Maritimes)…
VTA is now Standard for MAN 51/60DF Engine
MAN Energy Solutions has announced that VTA (Variable Turbine Area) is now standard on TCA turbochargers for its MAN 51/60 engine type, marking the first time that VTA technology has been approved as standard for a large-bore MAN four-stroke engine. MAN is the only turbocharger manufacturer to offer axial turbochargers with VTA as standard for any large-bore, four-stroke engines.MAN Energy Solutions reports that it already has more than 380 references of turbochargers sold with VTA technology…
Coast Guard Rescues 5 from Life Raft
The Coast Guard rescued five fishermen from a life raft Tuesday after they were forced to abandon their fishing vessel taking on water southeast of Sitka.A Coast Guard MH-60 Jayhawk helicopter crew from Air Station Sitka hoisted all five people and brought them to Sitka, uninjured.Coast Guard Sector Juneau Command Center watchstanders monitoring Channel 16 heard “Mayday, vessel Masonic going down,” at approximately 2:33 a.m.
China Iron Ore Imports Fall, Brazil Shipments Slide
China's iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country's second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident.Arrivals of iron ore, a key steelmaking raw material, were 80.77 million tonnes last month, the lowest since October 2017, data from the General Administration of Customs showed on Wednesday.
Tellurian to Decide on Louisiana Driftwood LNG Project in 2019
Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export…
Keppel-Aibel Team Wins German Offshore Gig
Norwegian energy services provider Aibel AS and a unit of Singaporean conglomerate Keppel Corporation have jointly won a contract to deliver two converter stations…
Cammell Laird Finishes RFA Fort Victoria Refit
UK based shipbuilding and engineering company Cammell Laird has completed GBP44mln Royal Fleet Auxiliary (RFA) Fort Victoria Refit.The supply ship Fort Victoria…
ITIC Warns Ship Brokers
International Transport Intermediaries Club (ITIC) has urged ship brokers and managers to check the terms of their charterparty agreements closely before signing…
Sea Machines Names Don Black as VP
Boston-based developer of autonomous vessel technology, Sea Machines Robotics has hired Don Black as vice president of sales and marketing, reporting to Founder and CEO Michael G.
800bln Undiscovered Barrels of Oil and Gas Exist Globally
Total greenfield project sanctioning, summed up to the present day, only accounts for 40% of estimated volumes of offshore projects ever being sanctioned, said Rystad Energy…
DESMI Bags Frame Agreement for Sea Tankers Fleet
Denmark-based developer of ballast water management systems (BWMS), DESMI Ocean Guard A/S announced that Sea Tankers have selected its CompactClean BWMS for installation…
Team Tankers to Use Selektope Hull Coatings
Bermudan tanker owner and operator Team Tankers International has committed four additional ships to using the the anti-barnacle active agent Selektope following…
BMT Subsea Technology for Equinor
Global engineering company BMT announced a partnership with Sonardyne to deliver to Subsea 7 its proven ‘Riser Monitoring System’ (RMS).The subsea integrity monitoring…
QP Issues Tender for LNG Facilities
Qatar Petroleum (QP) invites tender for Engineering, Procurement and Construction (EPC) to expand its common lean liquefied natural gas (LNG) storage, and the loading…
Teekay Gets Norway's 'Green' Funding for Tankers
The marine energy transportation company Teekay Offshore has secured long-term financing from the Norwegian Government for four new shuttle tankers being built at…
Rotterdam, Guangzhou Ports Sign Sister Deal
The representatives of the Port of Rotterdam Authority and the port authority of Guangzhou signed a partnership agreement.As per agreement signed at the Chinese port…
PSA to Acquire Halterm, Penn Terminals
Singapore-headquartered port operator PSA International is all set to take over the Halterm Container Terminal in the Port of Halifax, Canada, and multipurpose Penn Terminals in Pennsylvania…
