Finance News

 

NAT, NOA Report Quarter Results

Nov 04, 2014

The recently established company, Nordic American Offshore Ltd (NAO) announced October 20, a dividend of $0.45 per share for the 3rd quarter 2014. The payment of dividend is expected to take place on or about November 21 to shareholders of record as of November 7…

Fire-stricken Shipbuilder Enters Voluntary Administration

Nov 04, 2014

Brisbane-based shipbuilders Aluminium Boats Australia Pty Ltd has been placed into voluntary administration after a shipyard fire in August has set the company toward financial instability.The fire, which occurred at the company’s Hemmant dockyard 11 weeks ago…

Ferry Operator SNCM Files for Court Protection

Nov 04, 2014

France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday.Majority-owned by public transport firm Transdev, which is owned by water firm Veolia and French state bank CDC…

Bear Head LNG Plans Initial Phase of 8 MTPA

Nov 04, 2014

Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment…

Technip Bags Sasol’s Furnace Contract

Nov 04, 2014

Technip was awarded by Sasol a contract to provide engineering and procurement for eight proprietary Ultra Selective Conversion (USC®) furnaces (1) for a world-scale ethane cracker and derivatives complex to be located in Lake Charles, Louisiana…

Johan Sverdrup Field Promises Jobs, Value

Nov 04, 2014

The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and…

Cargotec Stock Shares Rise Through Stock Options

Nov 04, 2014

Number of Cargotec shares increases through subscription with stock options 2010 on 3 November 2014 A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16…

Petrobras & PPSA Sign PIA for Campos Basin

Nov 04, 2014

Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production…

Staying The Same is Not Good Enough - OPITO

Nov 04, 2014

Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014)…

DGS Marine Orgainses 1st BE&O P&I Seminar

Nov 04, 2014

DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has held the first BE&O P&I Seminar in Limassol, Cyprus.Hosted by Captain Andreas Efthimiades, Head of DGS Marine’s Cyprus office and Director of Claims…

Freight Rate Peak Forecasted for 2016

Nov 03, 2014

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period…

St. Lawrence Seaway Arbitration May Avert Strike

Nov 03, 2014

The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean.The union, Unifor, announced the news in a statement on Sunday evening…

“Intra-Mediterranean Container Trades” Update

Nov 03, 2014

Dynamar has published “INTRA-MEDITERRANEAN CONTAINER TRADES”, the latest report in its Container Trades and Markets series. Salient details and interesting findings of the new report are discussed here below.Intra-Mediterranean (2014) Container…

Rolls-Royce Notifies Total Voting Rights

Nov 03, 2014

In accordance with DTR 5.6.1 of the FCA's Disclosure and Transparency Rules (DTR), the Company is required to notify the market of its total number of voting rights and capital as at the end of each calendar month. The issued share capital of the Company is comprised of the following:- 1…

HMS Global Maritime 5th fastest Growing Firm

Nov 03, 2014

Each year, Louisville Business First, a weekly business publication in Louisville, KY, releases a list of the fifty fastest growing privately-held companies in the area. The list represents a wide variety of companies who are ranked by growth percentage over the past three years…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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