Teekay Corporation (Teekay or the Company) (NYSE: TK) today reported net income of $78.4 million, or $1.04 per share, for the quarter ended June 30, 2007, compared to net income of $20.4 million, or $0.27 per share, for the quarter ended June 30, 2006. The results for the quarters ended June 30, 200
Vopak today announces that it has successfully closed a new EUR 1 billion senior unsecured multicurrency revolving credit facility with a banking syndicate of 12 international relationship banks. This facility will be used to support the growth strategy of Vopak going forward.
2nd Quarter highlights: Strong financial performance EPS increased by 49% EBITDA increased by 47% Record high profit and order backlog in Subsea, P&T and P&C Strategic drilling equipment investment in Wirth GmbH Strong market continues Targeted EBITDA margin of 6.5% – 7% for end 2007 already achieve
Autoship Systems Corporation (ASC) is pleased to announce their Norwegian Dealer, Coastdesign, Norway (CDN), has received 10 new orders from Solstad Offshore ASA for Autoload onboard stability software. Installations will be onboard vessels; Normand Jarl, Normand Drott, Normand Titan, Normand Trym,
A consortium made up of Japan’s Toa Corporation and Belgian firm Jan de Nul is expected to finish by November 2008 the first phase of expansions to El Salvador’s La Unión port, an official from national ports authority Cepa told BNamericas
IT was third time lucky for salvage contractors attempting to split the stricken MSC Napoli in two, as the ship was finally separated. The operation to split the 62,000-ton cargo ship was carried out in two stages. First cutting charges were placed in front of the accommodation block to cut through
A Russian mini-submarine reached the bottom of the Arctic Ocean under the North Pole on Thursday in a mission to back up Moscow’s claims to the region’s mineral riches.
Second quarter 2007 revenues were $75.1 million, up 6.2% from $70.7 million for the second quarter of 2006. Operating income was $33.9 million, or 45.1% of revenues, for the second quarter of 2007 compared to $32.7 million, or 46.3% of revenues, for the prior-year quarter. EBITDA for the second quar
What would YOU do if you were out sailing and discovered a boat which possibly contained would-be illegal immigrants? They are thirsty, hungry and desperate. On the megayacht M/Y Argyll, Captain Robert Corcoran recently had to make some hard decisions… The Triton reports that three days into the tri
Westport Shipyard, the largest yacht builder in North America, has earned the confidence of the world’s most discriminating owners. All components are strictly first class, which is why Westport specifies complete Delta ‘T’ Systems engine room ventilation equipment for all new builds. The spectacula
Heralding a new era in Japanese ferry transportation, the impressive new Incat 112 metre Wave Piercing Catamaran Natchan Rera has been delivered to Higashi Nihon Ferry. Specifically designed and built to meet the requirements of Higashi Nihon Ferry, the Incat 112 metre Natchan Rera (Incat Hull 064)
Submarines accompanying a Russian naval mission aimed at boosting Moscow’s claim to Arctic territory are shortly expected to dive below the North Pole. The two Mir submarines plan to dive to the ocean floor, 4,200m (14,000ft) below the pole, to carry out tests and plant a capsule with a Russian flag
The Grand Alliance the liner shipping consortium has had its life extended to 2017. It is made up of NYK Line of Japan, OOCL of Hong Kong, Hapag-Lloyd of Germany and MISC Berhad of Malaysia.
UK forwarders fear delays of several days on inbound freight as the Grand Alliance prepares to remove Southampton temporarily from one of its Asia-Europe loops. The Grand Alliance decided to drop the port from its EU4 loop with effect from 4 August, while a quayside upgrade at Southampton Container
