Statoil's second quarter 2011 net operating income was NOK 61 billion, a 129% increase compared to NOK 26.6 billion (nearly $11.3 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK…
Joseph Keefe, editor of Maritime Professional and MarineNews magazines, last night appeared on Fox Business News' 'America's Nightly Scoreboard' with David Asman to discuss the scrapping of a pair of U.S. Navy tankers before they were complete. Joe Keefe Appears on Fox Business News
Mitsui O.S.K. Lines, Ltd. announced an upgrade to its Asia-East Coast South America Service (CSW). From July 2011 through 2012, MOL will launch a total of 10 new 5,600 TEU containerships which will replace its currently-operated vessels on the CSW…
After months of negotiations, the Assistant Secretary of the Navy, Sean Stackley, called Senator Susan Collins to tell her that the U.S. Navy and General Dynamics-Bath Iron Works (BIW) have reached an agreement for the second and third DDG-1000 that will be built in Bath…
The European Wind Energy Association (EWEA) has published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010.101 new offshore wind turbines…
According to a report on www.businessday.co.za, bad weather could drive up the cost of salvaging the stranded oil tanker MT Phoenix to $4.5m, citing information from the South African Maritime Safety Authority. The tanker reportedly ran aground north of Durban on Tuesday…
Coast Guard Commandant Adm. Bob Papp testified before the U.S. Senate Commerce, Science and Transportation Committee Oceans, Atmosphere, Fisheries and Coast Guard Subcommittee on defending U.S. economic interests in the changing Arctic.During the hearing…
Kirby Corporation (NYSE: KEX) announced net earnings attributable to Kirby for the second quarter ended June 30, 2011 of $41.7 million, or $.77 per share, compared with $29.3 million, or $.54 per share, for the 2010 second quarter. The 2011 second quarter results included an estimated $…
According to a report on www.business-standard.com, India's Titagarh Wagon (TWL) (www.titagarh.biz) announced plans to enter shipbuilding business and was scouting for land near Kulpi. In the report, TWL Chairman JP Chowdhary was quoted as saying that the company is scouting for up to 400 acres…
July 27 is potentially a historic day for Davie Canada, as the National Shipbuilding Procurement Strategy Secretariat announced that it had accepted the application for a change of bidder received from 7731299 Canada Inc. (Davie Canada) on July 21…
Fitch Ratings has affirmed SEACOR Holdings' () Issuer Default Rating (IDR) and debt ratings as follows:--IDR at 'BBB-';--Senior unsecured credit facility at 'BBB-';--Senior unsecured notes at 'BBB-'.The Rating Outlook is Stable. Approximately…
1953 - Korean War armistice signed at Panmunjon, Korea and Korean cease-fire went into effect at 10:00 PM.For more information about naval history, visit the Naval Historical Center Web site at www.history.navy.mil.
American Commercial Lines (ACL) has relocated Bill Braman, Senior Vice President and Chief Operating Officer – Transportation Services, to Harahan, LA, where he will lead the field implementation of ACL’S new operating plan and scheduled service platform…
The Ports of Los Angeles and Long Beach have selected seven local maritime and cargo companies as this year’s recipients of the Clean Air Action Plan Air Quality Awards, an honor presented to those taking extraordinary measures to cut air emissions…
Following the signing of a landmark agreement with the Iraq Ministry for Oil to help the war-torn country develop the skills and training necessary to exploit its hydrocarbon resources, OPITO will welcome a senior delegation from Iraq on a fact-finding mission…
