Two of world's major oil drilling firms to merge Two of the world's top oil drilling companies, Transocean and GlobalSantaFe, said on Monday that they would merge to consolidate their position in a fast-growing market.
Top S Korean shipyards post record profit, orders Samsung Heavy Industries Co, the world's second-largest shipyard, reported record profit and Daewoo Shipbuilding & Marine Engineering Co, the third-biggest, set an all-time high for orders on booming demand for vessels.
Guangzhou yard sees soaring H1 net Chinese shipbuilder Guangzhou Shipyard International Co said yesterday that it expects a more than 450 per cent jump in its net profit in the first half compared with the same period last year.
Strait Talk
You win some, you lose some A COUPLE of weeks ago, global shipping experts met in London to tackle an extraordinarily wide range of complex technical subjects.
Two of world's major oil drilling firms to merge Two of the world's top oil drilling companies, Transocean and GlobalSantaFe, said on Monday that they would merge to consolidate their position in a fast-growing market.
Top S Korean shipyards post record profit, orders Samsung Heavy Industries Co, the world's second-largest shipyard, reported record profit and Daewoo Shipbuilding & Marine Engineering Co, the third-biggest, set an all-time high for orders on booming demand for vessels.
Guangzhou yard sees soaring H1 net Chinese shipbuilder Guangzhou Shipyard International Co said yesterday that it expects a more than 450 per cent jump in its net profit in the first half compared with the same period last year.
Strait Talk
You win some, you lose some A COUPLE of weeks ago, global shipping experts met in London to tackle an extraordinarily wide range of complex technical subjects.
US intermodalism lacks co-ordination Intermodal development in the US has been stymied by a lack of funding and co-ordination, according to a Congressional watchdog agency
Kassian Maritime guilty of dumping KASSIAN Maritime Navigation Agency has agreed to pay $1.3M over oil dumping-related charges involving its Maltese-flagged bulker North Princess
Second buyout for RMS Europe UK-based venture capital companies YFM and Partnership Investment Finance have supported a buyout of port services group RMS Europe by its directors
Samsung builds giga profits SAMSUNG Heavy Industries has posted a sharp rise in quarterly profits, which is partly attributed to 'giga block technology'
Scottish ferry fares to be investigated AS part of a review of all Scotland's ferry services, the recently installed government is reviewing what options it has to develop a strategy that extends Scotland's horizons
MarAd budget may top $200M INDICATIONS are that the US Maritime Administration will have a slightly larger budget ' $203.8M ' to conduct its mission next year
Diesel spill clean-up 'could take weeks' Response teams swinging into action after weekend grounding causes fuel tank rupture.
Bunker suppliers face growing credit risks 'Only a matter of time' before bunker industry experiences 'unprecedented credit crunch'.
Singapore fuel oil storage to revert to ExxonMobil Sources say major could use tanks for its marine fuel business.
St. Petersburg market undercutting competitors Hike in Russian fuel oil export tax could widen differentials still further.
Prompt supply still limited in Rotterdam
Chimbusco gives bunker sales total China's state-owned supplier says it sold 1.7 million metric tonnes of bonded bunker product in first six months.
Oil falls on OPEC output hint Analysts, however, do not expect oil prices to fall heavily.
Malaysian firm to offer bunkering service in East Kalimantan Operation could be up and running by the end of the month.
Bumper year for Tokyo-based supplier CEO of International Bunker Services K.K. expects crude oil prices to go into downward spiral in the next 12 months.
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