Wilh. Wilhelmsen Holding ASA (WWH) delivered a substantial increase in operating profit year over year backed by a rebound in its shipping activities. WWH posted an operating profit of USD 57.7 million for the first quarter of 2011, up 31% from USD 44…
Defendant failed to surrender after indictment in illegal vessel pollution case WASHINGTON – Prem Kumar, also known as Premakumaran Krishnan, a citizen of India, has been added to the U.S. Environmental Protection Agency’s (EPA) fugitive…
Japan is waging a public relations war as it struggles to control the nuclear contamination threat at home while playing down the concerns of consumers abroad. Fears of tainted goods from the battered nation are affecting trade flows, with regional…
Denmark has retained its position as one of the world's leading maritime nations, despite the economic crisis. In terms of operated tonnage, Denmark is today the fifth largest maritime nation in the world. In all, Danish shipping companies transport some 10% of the world trade…
Globus Maritime Limited (NASDAQ: GLBS), a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the three-month period ended March 31, 2011.The Company also declared a quarterly cash dividend of $0…
China’s demand for imported oil is, and will, continue to be one of the key influences on the tanker market, according to industry experts Braemar Shipping Services plc. Demand growth in the country has progressed at an unprecedented pace over the last decade…
AHTS Far Sound (2007, UT 712L, 16.000 BHP), AHTS Far Sword (2006, UT 712L, 16.000 BHP) and AHTS Far Scimitar (2008, UT 712L, 16.000 BHP) have been contracted by Hess to support their drilling program in Australia for at least 10 months commencing in May…
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the first quarter ended March 31, 2011. Following are highlights for this period and the Company's future outlook: Lack of drilling permits in Company's core geographic market…
Mumbai: Essar Shipping Ports & Logistics Limited (ESPLL) which is a part of Essar Group today held its Committee of Directors (Demerger Committee) meeting and announced the completion of the demerger process. The committee fixed 19th May 2011 as the record date…
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…
