Strong revenue growth will continue over the next five years as AUV's (Autonomous Underwater Vehicle) are increasingly used in commercial scenarios predicts IBISWorld's market research.The Autonomous Underwater Vehicle (AUV) Manufacturing…
Gulfstream Services, Inc. (GSI), an oilfield rental company providing high pressure equipment for the international oil and gas industry, has named Dale Broussard as Manager – Quality Assurance (QA) and Health, Safety and Environment (HSE), announced Gulfstream Services President Mike Mire…
Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Highlights for the first quarter of 2013:· Revenue from operations USD 16.5 million· EBITDA from operations is positive USD 7.2 million· Operating profit of USD 3…
Clean tanker rates for refined petroleum products on top export routes soften with build up of ships pressurizing the transatlantic market.Rates for medium-range (MR) tankers for 37,000-tonne cargoes on the TC2 route from Rotterdam to New York were at W140…
Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling.With an increase in profit to USD 146 million in the first quarter of 2013 from USD 123 million in first quarter of 2012, Maersk Drilling has come off to a good start in 2013…
Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.The two container ships on order are expected to be delivered in the second quarter of 2014…
The company reports its earlier loss significantly reduced in first quarter 2013 financial results.Financial highlights: Freight rate up 4.2% year on year Slight increase in transport volume Revenue growth of 3.1% Loss…
Jiangsu Province’s Economic and Information Technology Commission reviews Q1 2013 province-wide shipyard finances.The review of the shipbuilding industry’s performance showed that 44 privately-owned shipbuilders out of 66 failed to win…
Royal Caribbean announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises Ltd., will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice will continue to serve as Vice Chairman until his retirement…
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again…
The landing has been cushioned by a shift in orders from mainstream-type merchant ships towards specialised offshore segment support vessels.According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago…
US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3…
Non-state company, Sino-Global, announces major decline in third quarter 2013 financial results, raises cash by share issue.Sino-Global is a non-state-owned provider of shipping agency services operating primarily in China. Financial highlights are as folllows: Total revenues decreased 74…
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's.Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian…
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announces financial results for the first quarter ended 31 March 2013.Financial highlights:• Net profit of AED 241 million, up 17% year-on-year• Production of 61…