Four newbuilding suezmaxes (including two shuttle tankers) chartered for a combined 53 years with minimum total revenues of $720 million Fleet utilization at 99%FIRST QUARTER HIGHLIGHTS* Voyage revenues of $99.2 million* Net income of $9…
Revenue for the period increased by 10% to USD 14.5bn (USD 13.2bn), primarily due to higher container freight rates, container volumes and oil prices. The profit for the period increased by 82% to USD 1.2bn (USD 0.6bn) and was driven by better operational performance in most business units…
“While the shape of the shipping industry in North America is fairly stable, we are expecting more global demand for our services from our cruise and offshore customers,” comments Philip Bannerman, Sales Director for Wilhelmsen Ships Service in the Americas…
Professors Olav Bolland and Hallvard Svendsen have won Statoil’s 2011 research prize for their work on enhancing carbon capture understanding and processes for reducing emissions.The prize of NOK 200,000 and an artwork by Roar Wold was awarded by Tor Ulleberg…
Non-Profit Organization Hosts Annual Awards Dinner and Tribute to Raise Funds to Support Important Foundation Projects on Behalf of the Service Men and Women in the Pacific Northwest RegionStonington, Conn. – The Coast Guard Foundation, a non-profit organization committed to the education…
RALEIGH —The North Carolina Department of Transportation today announced the launch of the North Carolina Maritime Strategy planning study. The Governor’s Logistics Task Force recommended a study be initiated to evaluate the current and future role ports play…
HOUSTON, Texas - ABS Nautical Systems today announced that they have been selected as the fleet management software provider for Arab Maritime Petroleum Transport Company (AMPTC). AMPTC owns and operates a fleet of LPG Carriers, Crude Oil Tankers…
GROUPS WILL COLLABORATE TO PROMOTE BENEFITS OF CANAL EXPANSIONWashington, D.C., May 10, 2011 – Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Soy Transportation Coalition (STC) Chairman Ed Ulch signed a Memorandum…
After 27 years of dedicated service Tony Pegum, Managing Director of Braemar Seascope Pty Ltd, has decided to leave the company and shipbroking. Tony has been a great servant to the shipbroking industry both in Australia and internationally…
5. May. 2011 | [Group,Maritime] | Hamburg/Germany - Denis Morais is the winner of this year's GL COMPIT Award. At the COMPIT Conference taking place this week in Berlin, the Canadian IT expert was honoured for his contributions to promote frontier technologies in shipbuilding…
Incat Crowther is pleased to announce that contracts have been signed with Russian builder Pacifico Marine for two catamaran ferry projects. Incat Crowther and Pacifico Marine have formed a relationship that sees the design company assist Pacifico…
San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S…
ATHENS, Greece, May 9, 2011 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it has taken delivery of the Maule, a 6,589 TEU container vessel built in 2010…
NOAA Corps Cmdr. Lawrence Krepp has assumed command of NOAA Ship Thomas Jefferson, one of the world’s most technologically advanced hydrographic survey vessels.At a May 6 change-of-command ceremony in Norfolk, Krepp relieved Cmdr. Shepard Smith…
At the 5th Annual International Maritime Awards, presented at ShipTek, ABS received Marine BizTV’s award of Best Classification Society. The occasion marks the second year the society received the award. “Service delivery is paramount to our classification society…
