Top R&D investing companies based in the EU expect their global research and development (R&D) investments to grow by 5% annually from 2011 to 2013. This is more than double last year's expectations, and represents a significant upturn from the 2…
In this year’s 'Global Container Terminal Operators' annual report, Drewry Maritime Research has introduced an additional ranking of terminal operators which includes SIPG, China Merchants, Modern Terminals and Ports America in the Top 10. The…
ULSTEIN has recently established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years.Ulstein IDEA…
DnB NOR Markets announces analyst appointments to its energy, offshore and maritime equity research team in Singapore. Kay Lim, CFA, has been appointed the bank’s new Head of Securities Research for Asia. Kay is also the regional offshore and yards analyst for Asia Pacific…
On August 1, 2011, Donjon added the 2400-HP-class tug Caitlin Ann to its growing fleet to support the company’s dredging, marine salvage, bulk material transportation and marine demolition services.The addition of the Caitlin Ann increases…
VSD, LLC (VSD) announces one of its subsidiary companies, VSD Global (VSDG), is set to open a new branch office today in the United Arab Emirates (UAE). VSDG was established in early 2011 in Saudi Arabia. VSDG UAE Branch Manager Ahmad Halabi stated…
Wilh. Wilhelmsen Holding ASA's (WWH) topline lifted by continued increase in volumes transported deep sea. Underlying development in the group's activities is positive.The operating profit for WWH amounted to $1.4 million for the second quarter…
GFI Group Inc. has conducted the first matching* of dry freight forward freight agreements “FFAs” trades on its premier electronic platform EnergyMatch Europe.EnergyMatch Europe is GFI Group’s electronic trading platform for energy and commodities…
China Offshore Oil Engineering Corporation (COOEC) signed a contract with SpecTec Asia Pacific East Ltd, SpecTec Group Hong Kong subsidiary. The contract is relevant to the supply of AMOS Maintenance and Procurement modules for six Offshore Support Vessels…
Seanergy Maritime Holdings Corp. announced its operating results for the second quarter and six months ended June 30, 2011. For the second quarter, Seanergy reports net revenues of $27.8 million, EBITDA of $13.6 million, and a net profit of $…
Box Ships Inc., a shipping company specializing in the seaborne transportation of containers, announced its results for the period from its Initial Public Offering on April 14, 2011 (“IPO”) to June 30, 2011 (“second quarter of 2011”).Company’s Highlights:- IPO on April 14…
Clear-Com, a voice communication systems company, has announced that Broadcast Technical Services (BTS), an integrator of broadcast services for industrial marine ship suppliers, has selected the Clear-Com Encore™ partyline and Tempest®2400…
Huntington Ingalls Industries has announced that its Newport News Shipbuilding (NNS) division delivered the Virginia-class submarine California (SSN781) to the U.S. Navy yesterday. The delivery came more than eight and a half months early to…
Rowan Companies, Inc's board of directors has authorized the company to repurchase up to $100 million in shares of its common stock. Repurchases under this program, effective immediately, will be made through the open market or in privately negotiated transactions…
Donjon Marine Co., Inc. has been awarded a $41 million-dollar, ceiling-priced, indefinite-delivery/indefinite-quantity, cost-plus-award-fee contract for marine salvage, salvage-related towing, harbor clearance, ocean engineering and point-to-point towing services to support the U…