People & Company News

MOL Aims for Long-term Stability Steadies Past Wobbles

The MOL President Koichi Muto explains his strategies in a letter to shareholders in the company’s Annual Report 2014 and reports an ordinary income of ¥54.9 billion and net income of ¥57.

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

Fincantieri to Build Third New Princess Cruises Ship

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros.

Crowley Maritime Open Singapore Office

Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill.

USCG Cutter Waesche Home from RIMPAC Exercises

The Coast Guard Cutter Waesche has returned to port at Coast Guard Base Honolulu, after spending three weeks at sea participating in Rim of the Pacific (RIMPAC) 2014 exercises,

Growing American Shipping Bill Introduced by Garamendi

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of  H.

Top Ships Enters 3 New Charters

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced

Whiting Petroleum Profit Jumps 12%

Whiting Petroleum Corp, which produces oil in North Dakota and Colorado, said on Wednesday its quarterly profit rose 12 percent as production rose across the company's portfolio.

There’s Still Time for SHIPPINGInsight Award Entries

Entry submissions for the first SHIPPINGInsight Award are due Friday, Aug. 1, but organizers said they will continue to accept nominations through following week to provide some extra time.

EU Names 8 Russians, 3 Firms Subject to Asset Freeze

The European Commission published the names of eight Russians, including some of President Vladimir Putin's associates, and three companies which will have their

CMI Acquires SLP Vinyl Sheet Pile Business

Crane Materials International (CMI) announced the acquisition of Shoreline Plastics (SLP) vinyl sheet pile business including all related assets and intellectual property.

Bradesco, Santander Brasil Agree to New Utility Loans

Banco Bradesco SA and Banco Santander Brasil SA have agreed to extend new loans to power distributors, a government source told Reuters on Wednesday, asking not

Ecopetrol Starts GoM Production with Murphy Oil

Colombia's state-run oil company, Ecopetrol, said on Wednesday it has begun producing crude oil from two Dalmatian field wells in the Gulf of Mexico operated by

Rosneft Expands Deal with North Atlantic Drilling

Russia's top oil producer Rosneft and North Atlantic Drilling have entered into a drilling agreement worth up to $4.25 billion, in line with a previous agreement

Cooper Named VP at Intelsat

Intelsat S.A. today announced that Patricia Cooper has been named as the company's Vice President, Government Affairs and Policy, effective August 25. In this newly created role,

Natzet Joins Parsons Brinckerhoff

Maximillian Natzet has been named a Supervising Engineer in the Virginia Beach office of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering

Italy Approves Sale of Energy Grid Stake

Italy's state holding company Cassa Depositi e Prestiti (CDP) said on Wednesday its board had approved the sale of a 35 percent stake in its energy grid holding

Vallourec Repeats 2014 Warning as Q2 Profits Rise

Steel pipes maker Vallourec turned in a second quarter net profit rise of 41.9 percent to 88 million euros ($117.67 million) on Wednesday and repeated its recent

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