China Merchants Port's 1H Profit Soars 86%
Hong Kong-Listed China Merchants Port Holdings reported an 86% surge in first-half net profit, thanks to a one-off gain and higher volume handled by the company's ports. Net profit attributable to shareholders rose to HK$3.15 billion ($402.5 million) from HK$1.69 billion a year ago… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/china-merchants-ports-1h-profit-soars-86.html August 31, 2017 at 08:17PM
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DVB Bank Losses on Shipping
DVB, the specialist in international shipping finance, reported a consolidated net loss before taxes of EUR 506.3 million in the first six months of 2017 (previous year: net income of EUR 14.1 million). Given persistent oil price uncertainty… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/dvb-bank-losses-on-shipping.html August 31, 2017 at 08:17PM
Awilco LNG Reduces Net Loss in Q2
Norwegian based LNG transportation provider Awilco LNG reduced its net loss in the second quarter of this year due to higher activity of its vessels and steady spot rates. Awilco LNG’s net loss dropped to $10.1 million in the second quarter… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/awilco-lng-reduces-net-loss-in-q2.html August 31, 2017 at 08:17PM
CMA CGM Deploys Theodore Roosevelt on SAX
The CMA CGM Theodore Roosevelt will be deployed on the South Atlantic Express (SAX) line, linking Asia East Cost to North America Cost through the Panama Canal, says a statement from the company. With transit times among the fastest in the market between Asia and North… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/cma-cgm-deploys-theodore-roosevelt-on.html August 31, 2017 at 08:17PM
DryShips Reports Q2 Loss
DryShips posted a net loss of $15.6 million for the quarter ended June 30, 2017, widening from net loss of $9.1 million a year earlier. However, its revenue went up to $16.38 million from $15.75 million over the same period. Its cash and cash… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/dryships-reports-q2-loss.html August 31, 2017 at 08:17PM
NAT CEO Herbjorn Hansson Buys 180,000 Shares in the Company
Nordic American Tanker (NAT) CEO Herbjørn Hansson says he, his immediate family on Aug 31 bought 180,000 shares in NAT at an average price of $4.61 per share. Herbjorn Hansson says as of Aug 31, immediate Hansson family holds 3.6 million common shares of NAT. Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/nat-ceo-herbjorn-hansson-buys-180000.html August 31, 2017 at 08:17PM
DryShips Commenses USD 100mln Rights Offering
DryShips Inc. announced the commencement of its previously announced rights offering of shares of common stock, par value $0.01 per share. The Rights Offering is being made through the pro-rata distribution of non-transferrable subscription rights to purchase… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/dryships-commenses-usd-100mln-rights.html August 31, 2017 at 08:17PM
Power Play: Engine Suppliers Prepare for 2020
Kjeld Åbo, Chairman of CIMAC (the International Council on Combustion Engines) Fuels Working Group and Director Customer Support, Two Stroke Marine at MAN Diesel & Turbo, has said that the IMO’s proposed 0.5 percent marine fuel sulfur content… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/power-play-engine-suppliers-prepare-for.html August 31, 2017 at 08:17PM
Largest US Refinery May Be Shut for up to Two Weeks
Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday. The 603,000 barrel per day… Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/largest-us-refinery-may-be-shut-for-up.html August 31, 2017 at 10:17AM
Kongsberg Wins EPCI Contract for LNG-fueled RoPax Ferry Newbuild
Kongsberg Maritime said it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. This is the second RoPax contract that Kongsberg Maritime has been awarded at FSG. Via Storage Containers http://www.rssmix.com/ via Blogger http://timothyjewellabc.blogspot.com/2017/08/kongsberg-wins-epci-contract-for-lng.html August 31, 2017 at 10:17AM |
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