Horizon Lines Report Q1 2014 Container Volume Increase
Horizon Lines, Inc. has released its financial results for the fiscal first quarter ended March 23, 2014. Volume, Rate & Fuel Cost – Container volume for the 2014 first quarter totaled 55…
BMT Plans Opening of Two New Offices in Australia
BMT JFA Consultants, a subsidiary of international maritime design, engineering and risk management consultancy, BMT Group, says it plans new offices in both Perth…
NZ's Trustpower Ltd Year Profit Down 75
New Zealand power company Trustpower Ltd's full-year profit fell 7 percent because of lower generation production and margins, as well as a decline in customers, the company reported on Friday.
CMA CGM's first carrier offering a direct service of 5,700 containers (TEU) vessels to West Africa
The CMA CGM Group informed about the improvement of its ASAF service which will deploy 12 vessels of 5,700 containers (TEU) in direct service to West Africa starting…
ABS Secures Prestigious PFLNG Classification Contract
ABS, a leading provider of classification and technical services to the global offshore industry, has been awarded the classification contract from PETRONAS, Malaysia’s national oil company…
S.Korea Sets Out Economic Support Plan After Ferry Disaster
South Korea said on Friday it would spend more of this year's fiscal budget during the first half and use the central bank's lending facility for smaller firms to…
Proposed upgrading of berthing facilities at Jurong Port
Jurong Port will carry out construction work from 15 May to 15 October at Chevron Oronite Jetty Osak 4, Jurong Island. The construction activities consist of crane barge lifting…
KrisEnergy Acquires 42 Pct Stake In Tanjung Aru Block
Singapore's oil and gas explorer KrisEnergy acquired a 42 percent stake in the Tanjung Aru block in the Makassar Strait from its partner Neon Energy on May 5, company spokesman Tanya Pang said.
Atlas Resource Partners, L.P. Announces Pricing Of Public Offering Of Common Units
Atlas Resource Partners, L.P. (NYSE: ARP) announced today that it has priced a public offering of 13,500,000 common units representing limited partner interests…
Adani’s investment in Queensland moves ahead
Today’s announcement by the Queensland Government on Adani’s Carmichael Coal Mine and Rail Project recommending the environmental approval is a significant step…
Saudis Keep June Crude Supply Steady To 1 Asia Buyer
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in June, unchanged from May, an industry…
Pemex Repsol Stake Sale Would Not Be Bad Idea
Mexico's finance minister said on Thursday that if state oil giant Pemex opted to sell its 9.3 percent stake in Spanish peer Repsol, it would "not be a bad decision"…
Families of S.Korea Ferry Dead March on Presidential Palace
Parents of children killed when a passenger ferry sank last month led a sombre march on South Korea's presidential palace in the early hours of Friday morning, where…
Barge Shipments of Brazil Soy Bound for US Midwest Crushers
Deep discounts for Brazilian soybeans are creating an unexpected new market with U.S. processors and animal producers far upstream in the heart of the Midwest farm…
Oil Rig Helicopter Crashes off Ghana's Coast, Killing Three
A service helicopter carrying workers to an oil rig off the coast of Ghana operated by Russia's Lukoil crashed into the ocean on Thursday, killing at least three people, a military spokesman said.
Dutch Shipbuilders Report Positive Outlook
The Dutch shipbuilding cluster and maritime suppliers achieved good results in 2013, Netherlands Maritime Technology said. The total annual turnover increased from € 6.1 billion in 2012 to € 6.4 billion in 2013. Moreover, the substantially larger order portfolios compared to the previous year indicate further growth in 2014. Netherlands Maritime Technology expects a further increase in the turnover of the entire Dutch shipbuilding cluster this year.
USCG Tows Disabled Boat off North Carolina
The U.S. Coast Guard (USCG) rescued two people Thursday aboard a disabled boat approximately 50 miles southeast of Bald Head Island, North Carolina. Henry Fischer…
Panama Construction Strike Ends, Work Resumes
Construction workers in Panama ended a nationwide strike on Thursday, allowing the expansion of its famous canal to resume after a delay of more than two weeks. "Work has partially resumed today ... it is estimated staff as a whole will gradually return in the coming days," Grupo Unidos por el Canal, the consortium expanding the waterway, said in a statement. The consortium, led by Spain's Sacyr and Italy's Salini Impreglio…
Seven Seas Launches New Facility at ASRY
ASRY, a ship and rig repair yard in the Arabian Gulf, has welcomed a new dedicated living quarters outfitter and HVAC facility operated by UAE-based Seven Seas within the yard. The facility includes a metal fabrication workshop, a carpentry workshop, offices and stores, and will increase the variety and quality of accommodation and air conditioning works ASRY can offer ship and rig clients. The facility…
Cammell Laird Environmental Package Targets Ferry Market
Birkenhead shipyard and engineering services company Cammell Laird said it has developed an advanced shipyard environmental package for ferries, following its strongest year of trading in the sector. Cammell Laird said it has docked 24 ferries between 2013 and the beginning of 2014 and, in addition, has carried out a further 24 afloat repairs for ferry operators. During 2013 Cammell Laird repaired, built and converted almost 250,000 gross tons of ferry and Ro-Ro ships for a wide range of owners.
