Statoil Reports Robust Q1
Norway's Statoil defied gloom in the oil sector by reporting first-quarter earnings above expectations on Tuesday due to higher prices and good results from shale gas activities in the United States, lifting its shares. Regarding new sanctions on Russia, Statoil's CEO told Reuters it was too early to say whether he would attend a high-profile St Petersburg economic forum in June as planned, as the firm had to assess the impact of the measures first.
DNV GL Open New South China Office
Ship classification society DNV GL says it has opened its new office in Guangzhou to support business growth in this shipbuilding area. Located in downtown Guangzhou…
EU Changes Cabotage Contract Guidance
The European Commission has given new guidance on the interpretation of EU cabotage regulation, which allows contracts of up to 12 years instead of the current six years…
US Coast Guard Foundation Presents US$400,000 Check
Anne Brengle, president of the Coast Guard Foundation, presented the check to Rear Adm. Fred Midgette, commander of the Coast Guard 9th District at a ceremony in Cleveland. The presentation of the check was held at the Great Lakes Science Center in Cleveland, April 28, 2014. The money will be used to build a community center at Coast Guard Sector Sault Ste. Marie, Mich. Rear Adm. Midgette, commander of the Coast Guard 9th District based in Cleveland, expressed his appreciation for the donation.
Wärtsilä Executive Elected EUGINE President
Wärtsilä Corporation inform that Kari Hietanen, Executive Vice President at Wärtsilä Corporation, has been appointed President of the European Engine Power Plants Association (EUGINE).
Panama Canal Expansion May Worsen Panamax Surplus: Analyst
The continuous cascading of surplus Panamax vessels into North-South trades is still contributing to over-capacity, and the problem is likely to get worse when the…
Scorpio Tankers Increase Q1 2014 Dividend
Scorpio Tankers Inc. has reported its results for the 3 months ended March 31, 2014 including the announcement of a US$100-Million stock buyback program and a quarterly dividend for shareholders.
