Daewoo Shipbuilding & Marine Engineering (DSME) net profit fell 82% in 2012.The loss is primarily attributed to the decision DSME made in 2009 to book orders for ships at lower rates to stay afloat in the aftermath of the financial crisis…
Major oil company ExxonMobil supports export of US Liquefied Natural Gas (LNG) which it considers will benefit the whole economy.Technology developed by the oil and gas industry has opened up vast energy resources across the country, which has resulted in a tremendous increase in U…
UK Foreign Office Minister Alistair Burt sets out funding, commits to continuing the fight against piracy & maritime insecurity.Mr Burt said that the new package of support for the United Nations Office on Drugs and Crime, with whom the Foreign…
China's shipyards launched 60-million dwt in 2012 representing a drop of 21% from the previous year.According to Ministry of Industry and Information Technology government statistics reported by CNTV, new orders for shipbuilding also tumbled by about 44 percent…
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012.HIgllights of the review period-Order intake increased 9% to EUR 4,940 million (4,516)-Net sales increased 12% to EUR 4,725 million (4,209)-Book-to-bill 1…
Matson, Inc., a leading U.S. carrier in the Pacific, declares a first quarter 2013 cash dividend of $0.15 per share.'The strong cash flows generated from our core businesses allow us to support a solid dividend to our shareholders,' said Matt Cox…
Belgian power maker celebrates 100-year anniversary and jumps into a higher power class with a new diesel engineOn the occasion of its centenary, a new engine type, the DL36, has being launched to meet the future emission directives of 2016…
Liberty Statement Regarding Maritime Security Program Complaint.January 23, 2013: Today, Liberty Maritime Corporation and several other Liberty companies filed a civil action in the U.S. District Court for the Eastern District of New York against the U…
In a challenging market, Costamere has minimized its re-chartering risk, identifies possibilites to expand in container ship market.Costamare Inc. is a leading international owner of containerships. Through its subsidiaries Costamare Inc…
Fincantieri subsidiary Fincantieri Oil & Gas S.p.A., completes acquisition, intend to buy more shares.This acquisition marks Fincantieri's entry into a market segment complementary to its current ones. With 21 shipyards in 3 different continents…
Belgium's Euronav reported a net loss of US$ 31-million in its Q4 2012 financial report.The result of the fourth quarter is affected positively by the revaluation at marked-to-market levels of non cash items (unrealized) such as hedge instruments on interest rates for a total of US$ 600…
Over 100,000 seafarers currently committed to the CrewCashCard, with a total potential of 1.5-million more to come.CrewCashCard eliminates many well-known pain points for both ship owners and their respective crew. Immediate benefits are achieved…
Braemar Shipping Services, international provider of shipping, marine & energy services, issues interim financial statement.The interim management statement refers in relation to the period since the announcement of the interim results on 30 October 2012…
Nautilus Marine Acquisition Corp. extends its tender offer for Assetplus Ltd. until end of January 2013.The completion of the tender offer is a condition to Nautilus' previously announced acquisition of Assetplus Limited. The extension is…
CEO, Matthew Mullett, acquires complete control of All American Marine from founder partner Pat Pitsch. Mullett joined AAM as CEO in 1999 and has served as the managing partner of the shipyard since he became co-owner in 2003. Under Mullett’s leadership…
