Tidewater Inc. announced today that fiscal second quarter financial results for the three months ended September 30, 2007, are estimated to be between $1.54 – $1.57 on a fully diluted per share basis. The Thomson First Call consensus estimate is currently $1.71 per share. The Company reported fully
Hornbeck Offshore Services, Inc. announced today that it will release its third quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday, November 1, 2007.
At close of entries, the 28th edition of the Rolex Middle Sea Race has attracted sixty-nine yachts, one more than started in 2006 and, if they all hit the start line this coming Saturday, the race will have set a new record entry level albeit only just. Perhaps most worrying for the organisers, the
Total announces the start-up of a new polypropylene production line at its Daesan plant in South Korea, in which it owns a 50% interest in partnership with Samsung. Part of the important expansion project of the site launched in October 2005, the new unit, with a capacity of 300,000 tons per year, w
With a Force 6-7 Gregale (described as ‘moderate winds’ on the local weather websites) blowing through the islands overnight and showing no signs of abating during the day, the Royal Malta Yacht Club was forced to cancel the first of two coastal races scheduled as warm ups for the main event – the R
Piracy and armed robbery attacks against ships rose 14% in the first nine months of the year compared to the same period in 2006, the second consecutive quarterly increase in attacks, as the coastal waters off Nigeria and Somalia became ever more dangerous, the International Maritime Bureau (IMB) re
Sunreef Yachts is delighted to announce the recent launch at the shipyard. The new Sunreef 62 will join our royal fleet of luxury catamarans sailing around the world and available for charter with SUNREEF YACHTS CHARTER.
Petrobras announces that the Piranema field, 25 km off the coast of Sergipe, started producing oil in deep Northeastern Brazil waters. With operations going online in this field, Petrobras is taking another step towards maintaining Brazil’s oil self-sufficiency.
San Francisco city officials say that if they could find funding, they would like to see a modern cruise ship terminal go in at piers 27 and 31 in the San Francisco Bay. Shorenstein Properties plans to present their $145 million proposal
Chinese offshore oil producer Cnooc Ltd. (CEO) aims to increase production at Bohai Bay to make it the country’s second-largest oil field in terms of output within five years, company officials said. The offshore hub in northern China produced 98.1 million barrels of oil equivalent last year, and mu
Bharat Heavy Electricals (Bhel), the state-owned power equipment maker, intends to enter the offshore rig manufacturing business, reports Mint. The move intended by the company is in line with its expansion plan, for growing its energy equipment business and to tap the growing demand for such rigs i
Jindal Drilling & Industries Ltd has received a contract valued at Rs 660 crore from ONGC for charter hire of newly built jackup rig. The contract is at operating day rate of $1,59,660 per day for 3 years on firm basis.
Amid a boiling bulk-freight market and dramatic change unfolding in the grain industry, WA grain handling, storage and marketing giant CBH has made its biggest step yet into the shipping and transport sector. The farmers’ co-operative, through its relatively new shipping joint venture United Bulk Ca
Havila Shipping ASA has through Havila Shipping Pte Ltd in Singapore entered into a contract with Fjellstrand Verft for building of a new platform supply vessel (PSV) called Havyard 832 CD. The vessel is developed by Havyard Maritime in close cooperation with Havila Shipping ASA. The vessel has a le
