IMA has just completed an in-depth analysis of the floating production sector. The 175 page report Floating Production Systems: Assessment of the Outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs is the 47th in a series of IMA reports on the deepwater production sector that began in 1996…
Hapag-Lloyd substantially increases rate, revenue & result in a successful Q2 2012 turn-around.Following a seasonally weak first quarter, Hapag-Lloyd achieved a turnaround in the second quarter of 2012, improving its result by more thanEUR 125 million compared to Q1…
Danish shipper and oil group A.P. Moller-Maersk expects to do better this year than last despite a 2 percent drop in Q2 2012 earnings.Extracts from the interim financial report for the 2nd quarter 2012:“We deliver a fairly satisfactory result for the second quarter…
Singapore-based offshore energy group Swiber Holdings issues its Q2 & HY 2012 financial report.Swiber Holdings provide offshore construction, offshore marine, subsea & offshore development services.2Q 2012 highlights: Net Profit surges 66…
STX Europe report increased operating revenues, but cruise & ferry sector showed lower than expected activity in Q2 2012.STX Europe achieved operating revenues of NOK 5 651 million in second quarter 2012, an increase of NOK 782 million compared…
Aker Solutions ASA: Second quarter results 2012.Aker Solutions' operating revenues were NOK 11.9 billion in the second quarter and NOK 21.7 billion for the first six months of 2012. The latter is 33 per cent higher that the same period in 2011…
Capacity utilization analysis is a critical factor in determining both long-term contract freight rates & short-term spot rates for fully cellular vessels.PIERS announce it has issued an exclusive report titled 'The PIERS Capacity Utilization Report: Full year…
China initiates a trial program in Shanghai designed to help the nation’s beleaguered shipowners.Under the new policy by the Ministry of Transport, ships leased by shipping companies from financing firms could be regarded as part of the owner’s…
LNG Exports: 'Not Huge, Not Soon,' but with geopolitical impact forecasts market analyst.Ken Medlock, a Baker Institute energy fellow at Rice University in Houston, said the United States will be 'lucky to see more than 1 Bcf/d' of exports 10 years from now…
Government of Panama approves canal tolls increases effective Ocober 2012.The Government of Panama has approved the proposal to restructure and apply selective increases in the Panama Canal pricing system, effective from 1 October 2012 to 1 October 2013…
Global Marine & Container Terminal Operation Industry market research report available.Extracts the IBISWorld report follow:Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains…
UK-based Stephenson Clarke Shipping goes into liquidation after nearly 300 years trading.Stephenson Clarke Shipping Ltd is the oldest British shipping company. King George II had been on the throne of England for just three years when the…
Modified EBITDA increases 86% to $1.4 million in latest Deep Down Inc. financial report.Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, report…
Tognum has recently concluded an agreement with a bank consortium for a revolving credit line of €300 million. The credit line has a term of five years. In addition to Commerzbank as the coordinator, seven other banks are involved. Tognum…
Teekay Tankers Ltd. reports results for the three months ended June 30, 2012, pays out reduced dividend compared to Q1.Excerpts from the quarterly report follow:In June 2012, Teekay Tankers completed the previously announced acquisition…