On Feb. 12, the Norwegian Supreme Court awarded in favor of the shipping companies that the retroactive tax imposed in 2007 for the years 1996-2006 was in breach of the Norwegian Constitution.
The effect for Odfjell will be an increase in the equity of about $110m, including refund of about $27m already paid taxes and interest. Our 2010 interest cost on the tax debt will be reduced by about $5m.
The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The…
Mitsui O.S.K. Lines (MOL) has signed a long-term time charter party agreement for one floating storage and regasification…
Danish shipowner CBED has signed a contract with Siemens Gamesa for the first offshore wind project for its new SOV Wind…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened…
As the maritime industry continues to rapidly advance with increasingly stringent regulations and ever-evolving technology, staying ahead of the curve requires embracing innovative technological
Abnormal liner wear and seized or broken piston rings can result in costly consequences.
AST has developed and grown, increasingly providing full-service network solutions, far beyond traditional satellite services.
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