Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market.The company says its share placement will further strengthen their position as a leading provider of high-specification…
Hempel Group reported that its revenues grew by 15% in 2012, despite facing a challenging world market, and the Group is still on track to achieve its long-term goals.The Hempel Group delivered an all-time high revenue of EUR 1,242 million in 2012…
Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013. Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million…
IHC Merwede has revealed a healthy net profit margin of 4.1% in 2012 and a positive sales forecast for the year ahead. The company develops and builds vessels, equipment and life-cycle support services for the dredging, mining and offshore industries…
COSCO Chairman Ma Ze Hua comments on the group's 2012 annual financial report.The following is extracted from Mr Ma's letter to stakeholders:It has been a challenging year for the Group. Turnover declined 10.3% to $3.7 billion, from $4…
The upcoming Infocast presented 'Port & Intermodal Finance & Investment Summit' will be hosted & sponsored by the Port of Miami, FL.President Obama recently outlined a program of bonds and other measures to encourage such spending on roads…
The company is to offer $87 million aggregate amount of common shares to the public to help fund its expansion programme.The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $1.5 million worth…
The sale of STX Pan Ocean Co. fell through as the Easter financial markets closed.No potential bidders expressed their interest in South Korea's leading bulk carrier, raising the possibility that the shipping line may be taken over by a state-run policy lender…
The continuing slump in global shipping is translating into brisk business for scrap yards at Gujarat's coastal town of Alang in India.Alang, which receives one out of every two ships destined for breaking, has retained the top slot amid stiff competition from Pakistan…
Cypriot Transport Minister, Tasos Mitsopoulos, states the nation's shipping registry will not be affected by turmoil in banking sector.The Minister downplayed the impact of Cyprus's banking crisis on the local shipping industry, pointing out…
Mitsui O.S.K. Lines (MOL) President Koichi Muto outlines business initiatives on his company's 129th anniversary.Extracts from his recent overview follow:In fiscal 2013, we will launch business initiatives based on a One-Year Management…
Conrad Industries announces its 2012 financial results and also the addition of new business during Q1 2013.For the quarter ended December 31, 2012, Conrad had net income of $8.0 million and earnings per diluted share of $1.33 compared to net income of $6…
A recent forecast indicated a 2013 growth of 8% in the American boating industry.In light of an improving consumer outlook, more than half (51%) of marine industry survey participants said the best time to increase inventory levels is right now to be fully stocked for the spring selling season…
PPG Industries said Frank S. Sklarsky will join the company as executive vice president for finance, effective April 15, reporting to Chairman and CEO Charles E. Bunch. Also, effective August 1, Sklarsky will be named PPG executive vice president and chief financial officer…
The US Army Corps of Engineers (ACE) receives funding for various Florida dredging projects to restore pre-Sandy condition.As a follow-up to a recent announcement regarding the U.S. Army Corps of Engineers awarding funding to restore Fort…
