Specialist for propulsion and power solutions, Tognum AG, has achieved its revenue and profit targets for the full year 2012.Revenues increased slightly last year by 1.4% as expected to €3.015 billion (2011: €2.97 billion). With an adjusted EBIT of €296 million…
Tankship & terminal storage owners/operators Odfjell also noted significant losses at their Rotterdam terminal in its Q4 2012 report.Jan A. Hammer, President/CEO Odfjell SE comments on the financial report as follows:The chemical tanker market improved seasonally towards the end of the year…
Nautilus Marine Acquisition Corp. announce closing the purchase of Cypriot vessel owner Assetplus Ltd., & expiry of its tender offer.Greece's Nautilus Marine Acquistion describes itself as a newly-organized 'blank check' company (meaning that…
Greek-based Euroseas Ltd., drybulk and container ship owners and operators, publish their Q4 & full year 2012 financial results.Full year 2012 Highlights: Net loss of $13.2 million or $0.34 net loss per share basic and diluted on total net revenues of $52…
We are pleased to announce that as from 1 February 2013 Jan Eckhoff, 37, has been employed as Chief Accountant with Dan-Bunkering.Jan has several years of experience both within accounting and management, and will be a part of the accounts department in the company’s head office in Middelfart…
Carnival dispatches a third tugboat, from Port Fourchon, Louisiana, to further assist the disabled cruise ship toward Mobile, ALA.The company has also announced further compensation of US$500 for the 3,143 passengers aboard the Carnival Triumph…
Wärtsilä and Nordic Investment Bank sign a EUR 50-million loan agreement to support Wärtsilä's R&D activities.The contract for this 10-year loan was signed in Helsinki, Finland on 13 February 2013. This R&D loan supports Wärtsilä’s long-term…
Dockwise supports combination with Boskalis and recommends the Boskalis Offer to shareholders.Extracts from the Dockwise statement follow:The Board of Directors of Dockwise has unanimously resolved to support the combination of Dockwise…
Kværner reported operating revenues of NOK 2 930 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 119 million, resulting in an EBITDA margin of 4.1 percent.The order backlog amounted to NOK 21 262 million…
The World Bank Group has endorsed Jamaica’s aim to become the logistics hub for the Caribbean, Latin America and US Gulf & East coastal area by pledging to help find funding for the pioneering project. Speaking in Kingston recently, Giorgio Valentini…
Shell, BP, Maersk, Stena & Japanese shipping companies NYK, MOL and “K” Line support job creation & capacity building projects in Somalia.This collaboration between many in the shipping industry and UNDP (United Nations Development Programme) is the first step in an initiative…
A bipartisan coalition urge Congress to pass a Defense Appropriation Bill to avoid another Continuing Resolution (CR) & Sequestration.A bipartisan coalition of labor unions and maritime business owners affiliated with the Shipbuilding Council…
Kværner ASA issue fourth quarter and preliminary annual financial results 2012.Kvaerner reported operating revenues of NOK 2 930 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 119 million…
Singapore-based Otto Marine & group subsidiaries issue a warning regarding its forthcoming financial results.Otto Marine Group is expected to report a loss for the financial year ended 31 December 2012 largely due to, amongst others, the following…
DryShips Inc. (NASDAQ: DRYS), or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services…
