Maritime Industry Top News
Aker Philadelphia Shipyard Ratchets Up Q1 2014 Profit
Aker Philadelphia Shipyard (AKPS) has reported its highest ever quarterly result, with an EBITDA of USD 24.2 million and net income of USD 17.8 million, an increase relative to Q1 2013 of 27% and 48%…
Rickmers Maritime Q1 2014 Profit Slips a Little YoY
Container ship owners & charterers out Rickmers Maritime describe a stable set of results in the first quarter of 2014. Charter revenue decreased slightly by 4%…
USNS Spearhead First Deployment Judged a Success
The U.S. Navy informs that its first -in-class joint high-speed vessel USNS Spearhead (JHSV 1) has left the U.S. 6th Fleet area of operations, after more than three…
Galileo Navigation Satellite Project Update
Europe’s latest Galileo navigation satellite has arrived at the European Space Agency’s (ESA) technical centre in the Netherlands for testing, as the previous two…
ConocoPhillips Indonesia Q1 Output Rises
ConocoPhillips Indonesia, a unit of U.S.-based ConocoPhillips , posted an 11 percent rise in crude oil output in the first quarter of this year at 10,000 barrels of oil per day…
China Nuclear Power Plans $2.6 Bln Share Sale In Industry's First IPO
China National Nuclear Power Co Ltd said it plans to sell shares publicly in Shanghai aiming to raise 16.3 billion yuan ($2.60 billion), the first initial public…
Rathlin Sound Maritime Festival opens on 23 May
The Rathlin Sound Maritime Festival opens with an evening parade at Ballycastle seafront on Friday 23 May and continues through the week and both weekends until…
Drydocks World & Maritime World and Jadaf Honor Staff For Performance Excellence
Drydocks World & Maritime World, the leading global provider of innovative services to the marine and maritime sectors under oil & gas and energy industries, today…
AIDAprima launched at MHI's Tategami Plant at Nagasaki Shipyard
AIDAprima, was launched at the Tategami Plant of Nagasaki Shipyard of Mitsubishi Heavy Industries on 3rd May. At 2 p.m. local time, the building dock gates were…
Capt Sarveen Narula, Promoted as Director of SCI
Capt Sarveen Narula, has taken over as Director Liner and Passenger Services of The Shipping Corporation of India Limited (SCI) from 01 May 2014. Capt Sarveen Narula…
WSDOT Applies For Six TIGER Grants To Improve Statewide Mobility
Washington’s citizens could see mobility improvements in highways, ferries and freight rail if the state’s three capital grant applications are selected to receive…
Stefanos Kazantzis speaks about VLCC Asset Market Contango
Stefanos Kazantzis, Financial Advisor of McQuilling Services Marine in an interveiw discusses the recent upswing in VLCC asset prices and current developments in the asset markets.
SunEdison May Be Too Reliant On Renewable Tax Credits-Barron's
Solar power company SunEdison Inc shares have climbed over the past two years on hopes of forming a separate yield company, or "yieldco," but may be too reliant on renewable energy tax subsidies…
Port Hedland Iron Ore Exports To China Rise 7 %
Iron ore exports to China from Australia's Port Hedland, which accounts for about a fifth of the globally traded market, rose by almost 7 percent in April, from March when they jumped 27 percent.
China's "Ordinary" Billionaire Behind Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be…
Cruise Ship Gets Stuck In Hudson River
A cruise ship returning to New York from the Caribbean with 4,500 passengers on board had to be towed into port on Sunday after getting stuck in the Hudson River, the U.S. Coast Guard said. The Norwegian Cruise Line ship was moored in the river for about three hours due to problems with its steering and propulsion systems as it moved toward its dock in Manhattan, a Coast Guard spokesman said. The Coast Guard was able to tug the vessel to port after the tide changed, the spokesman said.
DNV GL Initiative For Acceptance Of Ultrasonic Flow Meters For Wet Gas
DNV GL has initiated a joint industry project (JIP) to promote the use of multi-phase ultrasonic flow meters for wet-gas applications. Seven industry partners have committed to the JIP…
G E Shipping contracts to sell a Medium Range product tanker
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Padma”, a Medium Range (MR) product tanker. The 1996 built vessel of about 47…
KEP Marine Launches Intelligent Vessel
Kessler-Ellis Products (KEP) – the manufacturer of industry-leading type approved displays and computers, announced today its new range of Intelligent Vessel Management Systems, the KEP IVMS.
P Elango, CEO of Cairn India steps down
Cairn India Ltd. announces that Mr. P Elango, Interim CEO & Whole time Director has decided to step down for personal reasons. The Board has accepted his resignation. Mr.
