'In a favorable context for the oil & gas and related services industry, BOURBON is continuing to grow,' says CEO.First quarter 2013 highlights Continued growth especially in the Shallow water offshore segment (+31.7%); this is due…
First quarter 2013 net loss amounted to US$ 20.1 million, while rate, net of fuel, increased 1.9% & adjusted EBITDA was up 25.7% from a year ago.Sam Woodward, Horizon Lines' President and Chief Executive Officer said:'The positive factors…
Registration is open for the 10th Annual Marine Money Istanbul Ship Forum on May 22, 2013 at the Swissotel - The Bosphorus. Meet with shipping professionals to hear about how to position your business in these challenging times.The latest…
The Business Survey Committee of the Institute for Supply Management™ (ISM) forecast is bullish for the rest of 2013.Economic growth is expected to continue in the United States throughout the remainder of 2013, say the nation's purchasing…
The Suez Canal Authority (SCA) raises toll fees by 5% for oil tankers & petrochemical products, 2% for container ships & car carriers effective 1, May 2013.News of the latest rise in tolls follows last year's SCA increase of a 3% rise for all ships passing through the canal…
Release of 'MV Leopard' crew hostages by Somali pirates, prompts Denmark researchers 'RiskIntelligence' to give general ransom & pirate 'investment' insights.Economic terminology such as “market” is used in the below to describe the criminal activities of hijacking and ransom…
Mitsui O.S.K. Lines, Ltd. released its FY 2012 financial results.The full report can be viewed here.www.mol.co.jp
Thome Group announced the appointment of Allinger Lim Eng Oon as Senior Manager, Operations Finance.Ms. Lim is based in Singapore and is responsible for all aspects of finance, controlling and accounting for vessels under management within…
Spain's Gamesa returns to profitability and reports 7 million euro in profit in the first quarter of 2013.In a complex economic and industry situation, marked by falling demand and pressure on prices, Gamesa advanced with the commitments made in its business plan:Key figures 1Q 2013 (vs…
Belgian firm TransEuropa has suspended all sailings between Ramsgate (UK) and Ostend (Belgium) amid fears over its future.TransEuropa had run passenger and freight ferry services between Ramsgate and Ostend for the last 15 years, and was the only passenger service out of the Port of Ramsgate…
'The slow start to 2013 is truly disappointing,' says Øyvind Eriksen, Executive Chairman of Aker Solutions ASA.Aker Solutions decided to disclose preliminary information on its financial performance in the first three months of 2013 as the…
The FY 2014 President's Budget Request for the National Ocean Service (NOS) amounts to $529.2M.The National Ocean Service (NOS) observes, measures, assesses and manages coastal, ocean and Great Lakes areas and provides science-based services to inform decision making…
StealthGas Inc., has increased the size of its stock offering, & will sell 10-million shares at $10 each using the proceeds towards purchase of 5 ships.The gross proceeds from the offering before the underwriting discount and other offering expenses are $100…
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans.The news is cited as coming from the main creditor bank and is reported by the Yonhap News Agency.STX Offshore, the shipbuilding unit of STX Group…
Container ship owners Box Ships Inc. release their financial results for the quarter ended March 31, 2013.Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented on the report:'Our sector is…