Private Equity Spending Fuels Shipping Sector Risk
Private equity has pumped $32 bln into shipping in past 2 years. Ships totaling 299 mln dwt to enter global fleet from May. Some private equity-backed shipping IPOs…
Royal Caribbean Orders Fourth Oasis-Class Vessel
Announcement Made as STX France Lays Keel for Third Oasis-Class Ship. Royal Caribbean Cruises Ltd. announced today that it has agreed with STX France to move forward on the order of a fourth Oasis-class ship for delivery in 2018. Royal Caribbean Cruises Ltd.’s Chairman and Chief Executive Officer Richard D. Fain and President and Chief Operating Officer Adam Goldstein, along with STX France Chief Executive Officer Laurent Castaing…
Wind Turbine Maker Vestas Turns Q1 2014 Profit
Danish wind turbine maker Vestas surprised the market on Friday by returning to profit in the first quarter due to improved margins, higher revenue and lower fixed capacity costs…
MTU Launch Minnesota Youth Apprenticeship Program
MTU Onsite Energy Corp., a Rolls-Royce Power Systems company providing diesel and gas-based power system solutions, has announced the launch of a new youth apprentice program.
Eastern Shipbuilding Delivers Tug, Launches PSV
Eastern Shipbuilding Group, Inc. says it has delivered the tugboat M/V JAMES DALE ROBIN to Florida Marine Transporters, Inc. of Mandeville, LA. and not long before…
BSEE Director Shares Insights at OTC Houston
"So we are here at OTC, surrounded by extraordinary displays of technology…showcasing capabilities that far exceed what was possible only a few short years ago,…
HII Logged US$2.2-Billion of New Business in Q1 2014
Huntington Ingalls Industries (HII) has reported first quarter 2014 revenues of US$1.59-billion, up 2.0 percent compared to the same period last year. New business…
Helix to Provide McDermott ROV Services
Helix Energy says that its Robotics subsidiary, Canyon Offshore, Inc., has reached an agreement with a subsidiary of McDermott International, Inc. to provide remotely…
China's Dalian Shipyard to Build Deepwater Jack-Up
COSCO Corporation inform that its subsidiary Dalian Shipyard has been contracted to build a jack-up rig based on the LeTourneau Super 116E Class design. The US$184…
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…
