Eni to cut over 50 pct of refining capacity; could cut excess Europe capacity by a quarter. Unions fear eventual job losses.Plans by Italian oil major Eni to slash its refining business by more than half could squeeze out a quarter of Europe's refining overcapacity…
Johnston Carmichael, one of Scotland’s Chartered Accountancy and business advisory firms, is launching a service designed to help contractors unlock cash in their limited companies, which launches today, August 6.Contractor MVLs has been designed around a Members Voluntary Liquidation (MVL)…
Eagle Bulk Shipping filed for bankruptcy on Wednesday, the latest in a string of shipping companies to make a Chapter 11 filing, and said it reached agreement with its lenders to cut its debt by $975 million.The U.S. company said in a statement…
The Caterpillar Foundation, supported by Caterpillar Inc. , continues working to alleviate poverty worldwide, including on the African continent, through a series of investments. Since 2010 alone, corporate social innovation has driven the…
The International Salvage Union has published is Annual Review for 2013 which formally sets out the governance and work of the ISU which is the global trade association representing the interests of its members who are marine salvors.The…
The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently published Container Leasing report. And Drewry forecasts that this trend will continue…
Energy industry service company Fisher Offshore, part of James Fisher and Sons plc, has underlined its commitment to continued growth with the appointment of a new managing director.Jack Davidson has been promoted from the role of operations…
Former Bank of England chief economist Spencer Dale is leaving the central bank, just two months after being moved to a new role, to become chief economist at oil major BP, the BoE said on Monday.Dale spent six years as the central bank's chief economist…
Bunker trading company A/S Dan-Bunkering Ltd. introduced a new organizational structure effective August 1, 2014. The company said the move was made to maintain its position, continue expansion in the marketplace and to accommodate a newly implemented strategy…
Leading U.S. carrier in the PacificMatson, Inc. reported net income of $18.1 million or $0.42 per diluted share for the quarter ended June 30, 2014, compared with $20.1 million or $0.47 per diluted share in 2013. Consolidated revenue for the second quarter 2014 was $436…
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit…
International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here:Net Losshe Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30…
Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014. Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA…
The Shipping Professional Network London (SPNL) has released their full Future London report, an initiative that gathered the views and opinions of London’s young shipping professionals on what needs to be done for London to retain and improve its position as a global maritime capital…
Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work. Furthermore, it is understood that the Port of Fujairah has warned (Port of Fujairah website and its Notice No…
