EXMAR NV today gave its trading update for the 3Q 2011, numbers which show broad improvement in shipping rates and prospects. The operating result (EBIT) of the LPG fleet in the third quarter was $2.3 million (compared to $1.8 million for the third quarter of 2010)…
Statoil's third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. 'Statoil delivered strong financial results in the third quarter of 2011, reflecting operational…
DHT Holdings reported revenues for the period from July 1 to September 30, 2011 of $26.6 million, compared to revenues of $23.3 million for the prior-year period. For the quarter there was no profit sharing under our profit-sharing arrangements…
Figures published by the International Marine Contractors Association (IMCA) reveal that globally there was a reduction in offshore diving work in 2010, compared with 2009, possibly due to the economic environment.A peak of close to 3,500…
Horzion Line's stock is now trading on the OTC market with new trading symbol (HRZL).Horizon Lines, Inc. (NYSE: HRZ), the nation's leading domestic ocean shipping company, today announced that its common stock will begin trading on the OTCQB Marketplace…
In a move towards succession planning, the Board of Directors of Keppel Corporation Limited ('Keppel' / the 'Company') announced that Mr Teo Soon Hoe will relinquish his role as Group Finance Director with effect from 1 January 2012. Mr Teo…
The Shipowners’ Club, the mutual P&I insurer specialising in small and specialist vessels has appointed David Heaselden to the new post of Loss Prevention Director, with immediate effect.The post, which is an appointment to the Shipowners’…
Cargo shipments to ports on the Great Lakes and St. Lawrence Seaway navigation system generate $34.6 billion of economic activity and 227,000 jobs in Canada and the U.S., according to a new study released today. That breaks down to 98,000 jobs and $15…
The Significant Economic Impact of the New York-New Jersey Port and Maritime Industry.More than 279,200 jobs generated by activity in the Port of New York and New Jersey, according to a study released today. The independent economic impact study of port operations…
UK P&I Club announces 3 per cent general increase for 2012. Key financial indicators • General increase for 2012 set at 3 per cent• Combined ratio for 2011 policy year on target for underwriting balance• Free reserves and capital…
Omar Sekkat has joined DnB NOR’s energy division at the bank’s Asian headquarters in Singapore. He comes to the role after transferring from DnB NOR in London. Mr Sekkat’s appointment as a Senior Vice President of the energy division at DnB…
Accountant and shipping adviser, Moore Stephens, has welcomed the decision of Her Majesty’s Revenue & Customs (HMRC) to revise, as promised, its UK Tonnage Tax Manual to at least partly restore, on an interim basis, the pre-2009 interpretation of the strategic and commercial management tests…
Uncertainty over budget talks leaves Coast Guard leadership to hedge their bets on future fleet mix, total numbers of hulls and operational capabilities. On Wednesday, members of the media were invited to join Coast Guard senior leadership…
Bernhard Schulte Shipmanagement, a global leader in Shipmanagement, has in collaboration with WSS chosen MarineLink eCommerce for its SDCs globally. Bernhard Schulte Shipmanagement manages a fleet of more than 650 vessels out of which over 300 vessels are under full management…
Panama Canal Completes Major Step in Expansion Program.In another important milestone of its Expansion Program, the Panama Canal Authority announced the completion of phase three of the dry excavation project in the construction of the Pacific Access Channel (PAC)…