When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long.'I knew it was coming,' he said. 'I wasn't the first to be let go.'The 27-year-old Houston native…
Hiab, part of Cargotec, is sponsoring the very first World Crane Championships, the finals of which take place at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. Over the past year, qualification rounds have taken place in 11 different countries…
An agreement has been reached between Wärtsilä and Cryonorm Systems BV, the Netherlands based developer and supplier of cryogenic vaporizers, to form a consortium to deliver LNG systems for the Inland Waterway (IWW) European market.The…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period and full year ended December 31…
As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom…
Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent…
Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…
Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals…
Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation…
The founder of India's Sun Pharmaceutical Industries Inc, Dilip Sanghvi, has agreed to buy a 23 percent stake in Indian wind turbine maker Suzlon Energy Ltd for about $290 million, the company said late on Friday.Sanghvi, India's second-richest man…
U.S. coffee importers have begun diverting shipments bound for West Coast roasters to ports on the Gulf and East Coasts due to a labor dispute that has caused prolonged backlogs in California, market sources said.Traders said they began…
Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union…
Protracted labor strife and shipping disruptions at U.S. West Coast ports have hit farmers especially hard, posing a major barrier to perishable goods headed to overseas markets and resulting in losses estimated at hundreds of millions of dollars a week…
Crude price volatility may not have completely closed the funding doors for US high-yield energy companies as private equity firms and new funds prepare to snap up juicy yields on offer after a recent slump in the sector's bonds.In a likely sign of things to come…
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period and full year ended December 31…
