Directors of the 180 million GT North P&I club have decided on an overall premium increase of 4.75% for mutual protection and indemnity (P&I) cover next year, with a minimum increase per member of 2.5%. According to North’s chairman Pratap Shirke…
International accountant and shipping consultant Moore Stephens is to make representation to Her Majesty’s Revenue & Customs in connection with recently issued draft revised guidance in respect of the U.K. tonnage tax regime, some of which it considers to be unhelpful…
The Georgia Ports Authority reported that its terminals in Brunswick and Savannah moved a combined 2.79 million tons of freight in October, a record for the authority.'Strong growth across all key sectors of our business is an indication…
Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed…
Australia is holding talks with a number of countries on a contract to build replacements for Australia's aging submarine fleet, Prime Minister Tony Abbott said on Sunday at the G20 leaders Summit in Brisbane.Japan has been seen as the…
Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said.Competing…
Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices.Robert Citrone's Discovery Capital Management…
Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014.Highlights of Consolidated Results:*Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs…
Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply…
Following the results of nine months of 2014, Syzran Refinery, a part of the Samara group of refineries of Rosneft, increased output of major oil products compared to the same period in 2013.For instance, almost 1.5 million tons of diesel…
The Shipping Corporation of India declared its unaudited financial results for the quarter ended 30.09.2014 posting a profit of Rs.18.59 Crores as compared to a loss of Rs.123.53 crores during the quarter ended 30.09.2013. This has resulted in a cumulative profit of Rs…
Q3 TRADING UPDATE - HIGHLIGHTSGood third quarter with sizable financial settlements on old projectsOrder book increased slightly to EUR 3.3 billion2014 OUTLOOKMarket conditions remain challengingGood second half-year expectedFull…
The U.S. Maritime Administration (MARAD) has granted $450,000 to AEP River Operations of St. Louis, Missouri, to modify the Motor Vessel (M/V) Christopher Parsonage into a fuel-efficient hybrid vessel that conserves fuel and reduces emissions…
Foster Wheeler AG announced today that it intends to voluntarily delist the registered shares of the Company, par value CHF 3 per share, from the NASDAQ Global Select Market (“NASDAQ”) and, provided that the requirements for deregistration are met…
As announced on 5 November, Rolls-Royce has accelerated its cost reduction efforts and outlined additional restructuring charges that will reduce the expected underlying profit in 2014 and 2015 by around £60m in both years, subject to employee consultation…
