382 stories, page 10 of 16
Burgeoning momentum to own oil seems poised to push oil prices higher for now. On the week, U.S commercial stocks built led by crude, while Japanese crude stocks drew strongly, according to a market report by NYC-based…
Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of…
Stable Development in the fist half of 2013 Second Quarter Highlights: • Order intake decreased 11% to EUR 1,071 million (1,198) • Net sales increased 5% to EUR 1,152 million (1,099) • Book-to-bill 0.93 (1.09) •…
T he European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company's research, development and innovation (RDI) activities in several European countries. The contract for the…
Shipping company Bore Ltd. to install ClassNK-NAPA GREEN ship efficiency software aboard their 13,625 dwt Ro-Ro vessel 'M/V Bore Song'. This announcement follows on from sea trials last year aboard sister ship M/V Bore…
The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down. In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2…
Rolls-Royce state that current trading is in line with expectations, and that their guidance for the full year is confirmed. Since the preliminary 2012 results in February, Rolls-Royce say they have won a US$1.6bn order…
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans. The news is cited as coming from the main creditor bank and is reported by the Yonhap News Agency. STX Offshore…
Wärtsilä Corporation releases its January to March 2013 interim financial report. Highlights of the Review Period January-March 2013 - Order intake increased 22% to EUR 1,352 million (1,109) - Net sales decreased 12% to…
The continuing slump in global shipping is translating into brisk business for scrap yards at Gujarat's coastal town of Alang in India. Alang, which receives one out of every two ships destined for breaking, has retained…
The province's $260-million loan to Irving Shipbuilding will be 'forgivable' if the shipyard & its direct sub-contractors create 4,000 jobs in Nova Scotia, The government's assistance package, revealed in March 2012…
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in…
FLEX LNG (HQ in Tortola) is in continuing dispute with Samsung Heavy Industries and briefs its shareholders as follows: "As previously announced, FLEX LNG considers the four shipbuilding contracts and the EPCIC that were…
Seaspan Ferries Corporation's installation of shore electrical power (also known as AMP) to receive Government of Canada funding . Shore power is a highly effective way to reduce marine diesel air emissions by enabling…
