Boskalis Profits Fall, Fleet Cut on Weak Oil
Marine construction company Boskalis expects a drop in net profit this year as depressed commodity prices hit demand for oil-related infrastructure, it said on Wednesday. Its shares fell 10 percent to 32.42 euros in early trading. "Volumes and prices are under pressure, which is also translating into our order book," Chief Executive Peter Berdowski said in a statement. Boskalis's order book fell to 2.49 billion euros ($2.7 billion) at the end of 2015 from 3.29 billion in December 2014.
Japan to Import Feed Wheat, Barley via Tender
Japan's Ministry of Agriculture said it would import 26,230 tonnes of feed-quality wheat, and 20,750 tonnes of barley for livestock use, via a simultaneous buy and…
Iron Ore Industry Wavers between Hope and Reality
If the price of the product your company produced had just experienced a 20 percent price surge in one day, its biggest jump ever, it would be reasonable for you to be overjoyed.
Britain Seeking to Ease Export Financing with Iran
Britain has signed a deal with Iran making it easier to finance exports, British Business Secretary Sajid Javid said on Wednesday, adding that the country was working with European partners to help lift "quite significant" banking restrictions. "Clearing cash and payments can be an issue for firms," Javid told a conference in London announcing that a memorandum of understanding had been signed between Britain's export agency and its Iranian counterpart.
MacGregor Upgrades Cargo System for CSCL
MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels…
APM Terminals Wraps Up TCB Acquisition
APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three…
Incat Crowther Cruise Vessel for WHC
Incat Crowther is pleased to announce a collaboration with World Heritage Cruises in the development of a tour vessel to operate out of Strahan, on Tasmania’s picturesque Macquarie Harbour.
Dryships Sinks Into Loss
DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international owner of drybulk carriers and offshore support vessels, today announced its unaudited financial…
Panama Canal New Locks tested Successfully
The Panama Canal has announced that Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of the third set of locks project…
Approval for Piraeus Port Sale
The National Privatization Fund (TAIPED) sources said that Greece's Court of Audit has approved the sale of a 67 percent in the Piraeus Port Authority (OLP) to Chinese Cosco, according to Kathimerini.
MSC Expands India-Africa Service
Geneva-based Mediterranean Shipping Co SA has expanded the port rotation of its India-South Africa service by introducing a direct call at Hazira, a privately-operated…
Norway’s Joint Submarine Plan
Norway is seeking partner countries for future submarine project in order to reduce cost and secure a robust submarine capability for the future, reports UPI. The…
Boskalis Wins Abu Dhabi Dredging Contract
Royal Boskalis Westminster N.V. has won a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation…
Drewry: Deeper Capacity Cuts Required
What should have been acceptable ship utilisation figures last year didn’t prevent spot rates from falling to historic lows. Carriers will need to intensify their…
Historic PT Boat to Return to Lake Pontchartrain
The National WWII Museum announced plans to return restored patrol-torpedo (PT) boat PT-305 to her home waters of Lake Pontchartrain, where she was originally tested by Higgins Industries more than 70 years ago. The Museum launched the first phase of the plan this morning: a Kickstarter campaign to raise funds necessary to move PT-305 to the water, test her for passenger use and, for the first time…
SNMG2 Expands into Waters of Greece and Turkey
The German flagship of Standing NATO Maritime Group Two (SNMG2) FGS BONN is the first NATO ship to enter the area of activity for a first patrol around the Greek island of Lesbos. Over the weekend, NATO had expanded the area of activity into the territorial waters of Turkey and Greece, in close coordination with both Allies. NATO also expanded its cooperation with the EU’s border agency Frontex. “We are able to support the local authorities with our sensors, amplifying their capabilities.
Global Markets Ripe for US Marine Technologies
The growing worldwide demand for marine technologies, port construction and shipbuilding is generating new export opportunities for U.S. companies. As more firms look to boost their bottom line by maximizing their reach to the more than 95 percent of world consumers who live outside of the United States, many are taking advantage of numerous export resources along the way. At the same time, many other businesses have yet to export. International Trade Specialist Maryanne Burke leads the U.S.
Kuwait to Let Private Sector Manage Ports
Kuwait's government plans legislation that will let the private sector manage commercial ports and the country's international airport, with the government retaining its ownership of the assets, a senior government official told Reuters on Tuesday. Like other Gulf states, Kuwait is under heavy pressure to cut costs and improve the efficiency of its economy as low oil prices cause it to run a state budget deficit.
Fiji Accedes to Six IMO Environmental Treaties
Fiji has acceded to six IMO treaties, including important conventions covering ballast water management and the control of harmful anti-fouling systems on ships. This brings the number of States party to the Ballast Water Management Convention to 49, with the aggregate remaining at 34.82 percent of the world's merchant fleet tonnage (based on global tonnage data as at end-February 2016). Jitoko Tikolevu…
John P. Murtha Passes Builder’s Sea Trials
Huntington Ingalls Industries (HII) announced the successful sea trials of the company’s 10th San Antonio-class amphibious transport dock, John P. Murtha (LPD 26). The ship, built at HII’s Ingalls Shipbuilding division, spent four days in the Gulf of Mexico last week with Ingalls’ test and trials team operating the ship and performing more than 200 test events. “Overall the builder’s trial was successful, and the ship performed well,” said Kari Wilkinson, Ingalls’ LPD 26 program manager.
