There was a 10% growth in employment in the International Shipping Services sector in Ireland last year according to the Irish Maritime Development Office (IMDO). In a recent analysis of the sector the information is based from companies that have elected to join the dedicated Irish Tonnage Tax (ITT
Greek drybulk carrier Diana Shipping Inc’s quarterly results beat analysts’ estimates, helped by higher time charter revenue on the addition of three vessels to the company’s fleet. First-quarter net income was $33.1 million, or 41 cents a share, compared with net income of $28.8 million, or 36 cent
The management of an Indian firm, ABG Shipyard, has began talks with the Federal Government with a view to setting up a shipbuilding yard in the country. Though the exact location of the shipyard is yet to be chosen and approved, impeccable sources in the Presidency told THISDAY that two coastal tow
Cargotec’s MacLux lighting system for cargo holds uses LED technology to produce a high light output from a low power input. “MacLux is an easy and cost-effective way to increase the safety of working conditions on board by adding light to areas where it is needed, for example cargo holds and lashin
The governments of Mozambique, Zimbabwe and Botswana have initialled a memorandum of understanding (MoU) on the implementation of a tripartite project to develop a deep-water port at Techobanine, in Mozambique’s southernmost district of Matutuine. The project to develop the port and to build a rail
Siemens Energy has secured several contracts for the supply of topside solutions including power generation , water injection and power distribution packages for a Brazilian Floating, Production, Storage and Offloading, or FPSO, project. Purchaser for the power generators and power distribution syst
Sembcorp Marine announced that Mrs Lim Joke Mui, appointed a non-independent director on 24 November 2007, has stepped down as a Board member and a member of the Board’s Special Committee with effect from 6 May 2011 to pursue her personal interests. Mr Koh Chiap Khiong, who was appointed an alternat
Ocean Rig has recently ordered two more drill ships for construction at the Samsung Heavy Industries shipyard in Korea. The drill ships are scheduled for delivery in July and October 2013. Main Features: • Water depth capacity of 10,000 feet • Variable deck load of 20,000 tonnes • Transit speed of 1
Cheniere Energy, Inc. reported a net loss of $39.8 million, or $0.60 per share (basic and diluted), for the quarter ended March 31, 2011, compared with a net loss of $35.2 million, or $0.64 per share (basic and diluted), for the comparable 2010 period. Overview of Significant 2011 Events * In Januar
Sembcorp Marine announced that Mrs Lim Joke Mui, appointed a non-independent director on 24 November 2007, has stepped down as a Board member and a member of the Board’s Special Committee with effect from 6 May 2011 to pursue her personal interests. Mr Koh Chiap Khiong, who was appointed an alternat
(AP)– Pride International Inc. said Thursday that its profit tumbled 59 percent in the first quarter as operating costs increased ahead … Businessweek [mappress] Source:Businessweek , May 6, 2011;
Eni’s Board of Directors today appointed Paolo Scaroni (image) as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to
A company hoping to salvage plans for a liquefied natural gas terminal along the Delaware River opposite Claymont has asked federal regulato… (delawareonline) [mappress] Source: delawareonline, May 6, 2011;
The keel laying of the first of two 35,000 dwt Seahorse handysize bulk-carrier for Graig MCI Limited was carried out at Jiang Dong Shipyard, Wu Hu on 28th April 2010. The ceremony was attended by representatives from Graig China Limited, DnV and Jiang Dong Shipyard. The vessel’s overall maximum leng
