*Sales of NOK 9.2 billion 4Q 2014 vs NOK 7.5 billion 4Q 2013*Earnings before interest, taxes, depreciation and amortization (EBITDA) of NOK 786 million vs NOK 661 million a year earlier*Earnings before interest and taxes (EBIT) of NOK…
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture…
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first…
Capt. Rod Hutton, deputy commander for the Enlisted Women in Submarines Task Force, led the Enlisted Women in Submarines Road Show to different military bases in the San Diego area Feb. 9-11.The road show is spreading the word that the…
Former Port of New Orleans Cruise and Tourism Director Robert Jumonville received the 2015 American Association of Port Authorities (AAPA) Cruise Award yesterday during the AAPA biennial Cruise Seminar in Fort Lauderdale, Fla. The AAPA…
Caterpillar Marine launched the next generation Cat Marine 5-inch display for the marine market, joining the recently-introduced 7” and 13” smart displays designed to integrate seamlessly with the high-end yacht bridges. All three new Cat displays…
New leadership for BOEM’s Office of Renewable Energy Programs The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP)…
International accountant and shipping adviser Moore Stephens said today that companies in the offshore maritime sector need to keep a close watch on costs and manage their exposure to risk in the wake of the dramatic fall in oil prices.“It…
Neptune Orient Lines (NOL) reported a 2014 net loss of $260 million today, marking the third consecutive year in the red for the Singapore-based global shipping company.NOL, parent company of APL, did reduce its 2014 fourth quarter Core EBIT (Earnings Before Interest…
A unit of one of the world's biggest cruise operators sought to reassure Italy on Friday that plans to transfer some of its operations to Germany did not mean it would move abroad. Costa Cruises, part of Carnival Corp, is based in the northern Italian port of Genoa…
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…
Waterways Council, Inc. (WCI) presented the 14th Annual Leadership Service Awards to Senator Lamar Alexander (R-Tenn.) and Senator David Vitter (R-La.) for their “strong and continued leadership on ports and inland waterways issues,” WCI announced…
Two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licenses…
ClassNK informed it has revamped its registration system, halving the time it takes to deliver its classification certificates. According to ClassNK, the registrations for the classification of ships are carried out through a rigorous process…
'This is the really crappy part of the job, and this is what I hate about this industry frankly,' the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7,000 employees.Baker Hughes is cutting…
