November Sale Will Offer All Available Unleased Areas in the Western Gulf of Mexico As part of President Obama’s all-of-the-above energy strategy, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P…
Increased operational efficiency, better market conditions boost Group’s performance. NOL Group reported net earnings of $50 million for the third quarter of 2012, a $141 million turnaround from the $91 million net loss in the third quarter of 2011…
ABB report solid performance in an uncertain market in its third quarter 2012 financial report.Financial highligts: • Group operational EBITDA1 margin stable vs Q2 2012, including Power Products • Orders and revenues supported…
Adm. Mark Ferguson, Vice Chief of Naval Operations, offered a revealing look at the future of the Navy if budget cuts are approved.The admiral gave the keynote address at the recent opening of the ONR (Office of Naval Research) Naval S&T…
Samudra's revenue for the third quarter ended 30, September 2012 increased 1% compared to the same quarter last year.Samudera is a regional shipping line serving the Middle East and the Indian Sub-continent in the west, South East Asia and Indo-China at the center and the Far East to the north…
Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships…
Caterpillar Inc. announces strong improvement in its Third-Quarter 2012 results, but outlook not so bright.Caterpillar Inc. announce third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15…
Following Bahrain's 2012 IMO World Maritime Day Parallel Event, Mr. Sekimizu received US$50,000, from ASRY towards IMO’s maritime security activities.The cheque from local shipbuilding and repairers ASRY was presented by Daij Bin Salman Al Khalifa…
A groundbreaking ceremony today at Vancouver Shipyards, in North Vancouver marks a significant milestone in the re-development of the shipyard into a world-class facility that will build a new generation of vessels for the Canadian Coast Guard and Royal Canadian Navy…
Cardplatforms and i2c are collaborating to launch a global marine payroll program through MultiBank in Panama.Cardplatforms, a global prepaid services company, has chosen i2c, Inc. as one of its payment processing providers, and will use…
Freight Investor Services launches a live bunker fuel pricing service that for the first time makes bunker hedging practical for its biggest users. Firm bids and offers, updated in real time for six months of bunker forward curve will provide…
Environmental and Project Approvals Advance Visionary Concept. The Los Angeles Harbor Commission today certified the final Environmental Impact Report for the proposed redevelopment of City Dock No. 1 and approved the framework for bringing…
Wärtsilä Corporation report January to September 2012 indicates growth in orders & net sales despite tough markets.Highlights of the review period Jan – Sept 2012. Order intake increased 10% to EUR 3,583 million (3,267) Net sales increased 7% to EUR 3…
KPI Bridge Oil, a global bunker broker and trader has appointed Mrs. Christel McLoughlin as Director of Risk Management products. Christel will be based at KPI Bridge Oil’s Headquarter in London.Christel McLoughlin who is a French national…
The German KfW IPEX-Bank evaluates energy efficiency of its merchant shipping portfolio, sees EEDI a key indicator of economic advantage.KfW IPEX-Bank, one of the largest ship financing banks in the world, has evaluated together with FutureShip…
