News


Survey Finds Wind Farms Yield Poor Investment

On the basis of an exhaustive industry survey, Wind Energy Update finds that wind farm return on investment is around - 21 percent. According to the survey, this underperformance is attributable to over-estimation of power production and underestimation of O&M costs.

Boskalis Conclude Good Quarter, Raise Earnings Outlook

Dutch dredging & marine specialists, Royal Boskalis Westminster N.V. (Boskalis) report revenue & profit  higher than in the first half of 2012. The order book increased in recent months and stood at a new record high of EUR 4 billion at the end of the third quarter.

BP Resolves US Government Deepwater Horizon Claims

BP announces resolution of all criminal and securities claims against the company relating to Deepwater Horizon accident. BP has reached agreement with the United States government, subject to court approval,

North America Leads Shift in Global Energy Balance

North America is at the forefront of a game-changing transformation in oil and gas production claims International Energy Agency publication. This year’s World Energy Outlook published by IEA finds

Greece's Safe Bulkers Weather Challenging Financial Conditions

Bulk carrier owners & charterers Safe Bulkers, Inc. reports results for the third quarter and the first nine months of 2012, pays reduced dividend. Extract from Q3 2012 results Net revenue for the third quarter of 2012 increased by 10.

Dubai's Thuraya Gets Media & Broadcast Certifications

Thuraya Telecommunications Company announce certification of a range of MediaComms Solutions for its  IP terminal. At the heart of Thuraya MediaComms is Thuraya IP, which is the world’s most compact satellite data modem,

KOTUG Appoint Harrold van der Meer COO

Harrold van der Meer has joined the KOTUG group and will succeed Dorus Knegtel, the current COO & Vice President Business Development. Harrold van der Meer has a maritime background and more than 20 years experience in technical and operational management within the P&O Nedlloyd / Maersk Group.

Two Cruise Lines Sign Up to Sail Out of Port of Houston

The Port of Houston Authority partners with two cruise lines, PrincessCruises & Norwegian Cruise Lines, to use Bayport Cruise Terminal. Princess Cruises will make passenger cruise calls during the 2013-2014 cruise season, while Norwegian Cruise Lines has committed to begin service in 2014.

TBS Appoint Gregg McNelis Permanent CEO

TBS Shipping Board of Directors appoint the Company’s co-founder & Chief Operating Officer, Gregg McNelis, to Chief Executive Officer & President. TBS Shipping Limited (TBS) provides worldwide shipping solutions to industrial shippers through its Five Star Service: ocean transportation,

US Ship Structure Committee Funding Research Projects

The Ship Structure Committee (SSC) is re-soliciting research project recommendations for fiscal year 2013-2014. The strategic goal of the SSC, which is composed of a wide spread of shipping industry interests,

Big Ships Can Lose Big Money on Pumps

A  project by pump maufacturer Grundfos aboard a Lauritzen Bulkers cargo ship shows that large vessels could be losing money on wasted energy. The project, carried out on the 19,889-ton Durban Bulker, focused on efficiency in ship’s pumps.

New Evergreen Container Ship Christened 'Ever Lawful'

The seventh L-type containership for Evergreen Line, launched and named at Korea's Samsung Heavy Industries shipyard. The new ship  was christened by S.S. Lin, the Evergreen Group's First Vice Group Chairman, and the ceremonial rope cutting for the new 8,452-TEU vessel was performed by Mrs.