The part reserved to institutional investors in the initial public offering of Italian shipbuilder Fincantieri was still not fully covered as of Wednesday evening, two sources close to the matter said on Thursday.The company is likely to…
America’s waterways are the economic engine that drives national prosperity. The federal effort in facilitating the safe and efficient operations of these waters must be an accelerant rather than a brake on this economic engine. To this end…
Readiness for Panama Canal Expansion is Just One Variable Driving Global Play. Inland Waterways, Ports Must Tackle Time and Money Issues to Play in the Post-Panamax Era. It’s risky business.It always comes down to time and money, doesn’t it…
The SENER Engineering and Technology Group closed the 2013 financial year with an operating revenue of €1.218 billion, representing a growth of 7.6% on the previous year. The number of people working at SENER reached 5,570, an increase of 3…
Sitting in our Mercedes Benz at a major truck stop, I pressed up against the window of the passenger seat to watch my wife fill the tank at the gas pump. I am not allowed to drive her car, much less anything else having to do with its operation…
Maritime businesses face a broader range of risks than most. A look at some recent business transactions is proof enough.Risk is a critical element of every maritime-related business transaction from a financial risk management perspective…
Outside investors and other variables change the way that shipping firms manage risk. Investable assets include ships, freight and even the hedging of bunkers.'Shipping is now an investable asset,” was an important observation by analyst Tyler Rosenlicht…
A Port Tariff increase will come into effect for New South Wales ports covering Sydney (Gore Bay, Port Botany and Kurnell) from August 1, 2014, GAC reported in its daily Hot Port News report.Sydney Ports has determined that an increase in Statutory Charges of 9…
Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean.Shares of the company, which operates the Carnival, Holland America and Costa cruise lines…
Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance…
Nautilus Holdings Ltd, a Bermuda-chartered company that leases containerships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry.The company has about $770 million in debt…
Carnival Corp, the world's largest cruise operator, said its quarterly profit more than doubled as costs fell.Net income rose to $106 million, or 14 cents per share, in the second quarter ended May 31, from $41 million, or 5 cents per share…
Descartes Systems Group today announced the commencement of a marketed, underwritten public offering of 9,500,000 Common Shares. The underwriters will also have the option, at any time not later than the 30th day after the filing of the final prospectus supplement…
Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad Brent crude dipped below $114 a barrel on Monday as worries about disruptions…
This being the “Yearbook” edition of Maritime Reporter & Engineering News, it would be remiss to not have coverage of LNG, one of the hottest fueling trends in maritime circles, particularly in North America. For a unique insight on a rapidly evolving market…
