Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Business Wire News

21 Mar 2016

Chevron Ships First LNG From Gorgon Project

Chevron Corporation (NYSE: CVX) today announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron's foundation buyers, Chubu Electric Power, for delivery into Japan. The Asia Excellence loading the first Gorgon liquefied natural gas (LNG) cargo for delivery into Japan. The first cargo highlights the company's growing leadership as an LNG supplier. "Departure of the first cargo from the Gorgon Project is a key milestone in our commitment to be a reliable LNG provider for customers across the Asia-Pacific region," said Mike Wirth, executive vice president, Chevron Midstream and Development.

25 Feb 2016

Ensco plc Report Loss

LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014. The loss from discontinued operations in fourth quarter 2015 was $0.41 per share compared to a loss of $1.67 per share last year. The loss from continuing operations in fourth quarter 2015 was $10.23 per share compared to a loss of $13.22 per share a year ago. Excluding these items, adjusted earnings per share from continuing operations were $0.92 in fourth quarter 2015 compared to $1.68 a year ago, detailed in the attached reconciliation table.

21 May 2014

Fitch Grade Port of Long Beach TIFIA Loan 'AA-'

Fitch Ratings has assigned an 'AA-' rating to the Port of Long Beach's $325 million TIFIA loan agreement, issued by the city of Long Beach, California for the Gerald Desmond Bridge Project, according to 'Business Wire'. The Rating Outlook is 'Stable'. The rating on the TIFIA loan reflects the subordinate claim on gross revenues, together with the port's strong market position as the second largest U.S. container port, with resilient revenues stabilized by long-term contractual guarantees that are sufficient to cover both the port's outstanding senior debt obligations and the subordinate TIFIA loan. Going forward, contractual guarantees…

02 May 2014

Job Opportunities in NE Florida LNG Sector

Northeast Florida is taking the lead in the natural gas industry to attract and keep business in the area. Viewed as a viable player in this industry, the region is building upon its status as an importer and exporter of liquefied and compressed natural gas by cultivating its available, skilled workforce to support this growing industry, says the JAXUSA Partnership via Business Wire. Significant developments are occurring in the area that will offer employment opportunities. Clean Energy Fuels Corp. plans to build a terminal to supply LNG to cargo ships in Jacksonville – the first of its type in the nation and the first LNG facility on the Eastern Seaboard to supply LNG for the maritime, trucking and rail industries.

29 Jan 2013

World's No.3 Shipbuilder Profits Plummet

Daewoo Shipbuilding & Marine Engineering (DSME) net profit fell 82% in 2012. The loss is primarily attributed to the decision DSME made in 2009 to book orders for ships at lower rates to stay afloat in the aftermath of the financial crisis, reports Fox Business News. In a further setback, the world's third-largest shipbuilder by sales also lowered its order target for 2013, faced by a supply glut in the shipping industry and a fragile global economy. For the year, Daewoo Shipbuilding has set an order target of $13 billion, down 9% from its actual achievement of $14.3 billion last year. Source: Fox Business News via Dow Jones Business Wire

25 Apr 2011

McDermott Wins Jack and St. Malo Subsea Project

HOUSTON, Apr 25, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. Inc. to support the development of the Jack and St. Malo fields in the Gulf of Mexico. The project will be included in McDermott's first quarter 2011 bookings. Work will begin in 2013, with the start of fabrication of 21 rigid jumpers at McDermott's Morgan City fabrication facility in Louisiana.

22 Apr 2011

Diamond Offshore Announces First Quarter 2011 Results

HOUSTON, Apr 21, 2011 (BUSINESS WIRE) -- Diamond Offshore Drilling, Inc. (NYSE:DO) today reported net income for the first quarter of 2011 of $250.6 million, or $1.80 per share on a diluted basis, compared with net income of $290.9 million, or $2.09 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2011 were $806.4 million, compared with revenues of $859.7 million for the first quarter of 2010. Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling.

08 Jan 2008

Growth Forecasted for the China Shipbuilding & Repairing Industry

According to BusinessWire.com, China's shipbuilding industry kept a fast growth in the first three quarters of 2007, and a variety of indicators refreshed the record. The accomplished output of shipbuilding industry amounted to 12.03 million DWT, a rise of 44 percent over the same period last year. Of all, the exported shipping hit 9.77 million DWT, taking 81 percent of accomplished shipbuilding output. In addition, new shipbuilding orders reached 64.34 million DWT, up 120 percent from a year earlier. Of all, the exported shipping arrived at 57.22 DWT, a share of 89 percent in the new shipbuilding orders. The handheld shipbuilding orders were up to 129.35 million DWT, up by 111 percent year-on-year.

09 Oct 2001

Taylor Promoted to President of Tidewater

Tidewater (NYSE: TDW) announced today that Dean E. Taylor, age 53, has been promoted to President He has also been appointed to the Tidewater Board of Directors. Taylor was previously executive vice president with operating responsibilities for Latin America, West Africa and the North Sea. He replaces William C. O'Malley, age 64, who retains the positions of Chief Executive Officer and Chairman. It is expected that Taylor will become Chief Executive Officer in March 2002. Taylor is a graduate of Tulane University with an MBA from Boston University. He joined Tidewater in 1979 following seven years of military service as a Naval officer. O'Malley will retire in March 2002. He will continue beyond 2002 as a member of the Tidewater Board and as Non-Executive Chairman through July 2003.

10 Oct 2001

FGH Announces Two New Contracts

Halter Marine, Inc. the vessel segment of Friede Goldman Halter, Inc. announced that it has signed a contract with an undisclosed customer to build a 332' x 74' x 25', double-skin, clean oil tank barge with an estimated 80,000 BBL capacity. This vessel meets the requirements of the Oil Pollution Act of 1990 (OPA 90). This barge is similar in design to one currently under construction at the Halter Gulfport, Miss. facility. Construction will begin at Halter's Gulfport, Miss. facility and take approximately 12 months. Although no new jobs will be created, the project is expected to sustain the facility's current workforce. In recent years, Halter has built 88 similar barges, and currently holds contracts and options for an additional 8 vessels.

09 Oct 2007

Chinese Shipbuilding Industry Added to Report

Research and Markets has announced the addition of “China Shipbuilding Industry Report 2007” to their offering. Up to Dec. 2006, the ship order all over the world was 304 million DWT, and the global transportation capacity was 960 million DWT, and it is forecasted that the CAGR will be more than 7% in the following 4 years. However, in 2006, the growth rate of the global maritime trade dropped to 3.6% from 4% in 2005, and the increase pace of future transportation capacity will exceed the demand. It is estimated that the global shipbuilding output will amount to 50 million CGT in all in 2010, up 63% compared to the present, whereas the demand in the future will be 20-30 million compensated gross tons probably, so it is unavoidable that the supply will be larger than the demand.

07 Mar 2007

Admiral Loy, USCG Joins U.S. Naval Institute Board

Adm. James Loy USCG Ret. The U.S. Naval Institute (USNI), the professional association of the Sea Services, today announced that Admiral James Loy, currently a senior counselor at The Cohen Group, will join the Board of Directors. Admiral Loy joins a diverse group of accomplished executives and leaders from all avenues of society in service to USNI. The USNI Board Of Directors guides the Institute in its mission to preserve and promote Naval Heritage and to foster critical dialogue about the future of national security. Admiral Loy comes to USNI with a distinguished 45-year career in public service, including a position as Deputy Secretary of Homeland Security.

22 Mar 2006

BAE Systems Launches Talisman Autonomous Underwater System

BAE Systems launched its new autonomous unmanned underwater vehicle (UUV) Talisman at Oceanology International 2006. The Talisman System, developed by BAE Systems in the UK, is a latest-generation modular multi-role UUV, capable of a wide range of maritime littoral operations. Fully-funded by BAE Systems' private venture funding, the Talisman program was launched in late 2004, going from paper to initial trials within less than a year. The program is part of BAE Systems' strategy to build up an integrated approach to unmanned vehicles and autonomous systems, leading to the development of Intelligent Autonomy which can be applied across all sectors.