Golar posts Q3 results; makes “significant positive progress” on FLNG...
Golar LND announced interim results for the period ended September 30, 2024. Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027....
View Article2020 Bulkers posts third quarter profit
2020 Bulkers announced its unaudited financial and operating results for the three and nine months ended September 30, 2024. Key events during the third quarter of 2024 – The Company reported...
View ArticleDeepOcean and Exceed partner for vessel-based P&A
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to...
View ArticleCOSCO Shipping Energy orders VLCCs
According to various reports, COSCO Shipping Energy is to proceed with a strategic investment in six 307,000 DWT VLCCs, to be built by Dalian Shipbuilding Industry Company (DSIC) and China...
View ArticleDHT reports third-quarter profit growth
DHT Holdings announced third quarter 2024 Results. DHT-HoldingsThe post DHT reports third-quarter profit growth appeared first on Shipping Herald.
View ArticleHMM achieves quarterly operating profit of 1 trillion won
HMM has returned to the 1 trillion won quarterly operating profit club after seven quarters, benefiting from increased cargo volume and rising sea freight rates. However, concerns are rising that...
View ArticleBaltic index slips on lower capesize, supramax rates
The Baltic Exchange’s main sea freight index fell on Wednesday, snapping a six-session winning streak, hurt by falling rates across the capesize and supramax segments. The index, which factors in...
View ArticleIron ore rangebound as softer China lending data, stimulus hopes weigh
Iron ore futures traded within a narrow range on Wednesday, as investors weighed hopes of further fiscal support for China’s beleaguered property sector against weaker credit lending data from the top...
View ArticleBIMCO launches Ship Recycling Alliance to help fuel change
In June 2025, the HKC will enter into force. This comes at a time when more than 15,000 ships are estimated to be recycled over the next 10 years and the need for compliant yards from main recycling...
View ArticleArtificial Intelligence: The technology that revolutionizes human interaction
Artificial Intelligence (AI) is the basis for simulating human intelligence processes through the creation and application of algorithms integrated into a dynamic computing environment. In other...
View ArticleMcDermott awarded Harriet Alpha decommissioning contract by Santos
McDermott has been awarded a large* engineering, procurement, removal and disposal (EPRD) contract by Santos for the decommissioning of the Harriet Alpha platform and associated infrastructure,...
View ArticleHapag-Lloyd achieves good result in first three quarters of 2024
Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at USD 1.9 billion (EUR 1.8 billion) and the Group profit at USD 1.8...
View ArticleBelships reports solid results in Q3
Belships ASA reported 3rd quarter 2024 results. HIGHLIGHTS EBITDA of USD 27.0m including USD 1.5m from Norwegian Bulk Carriers Net result of USD 19.3m Declared dividend of NOK 0.50 per share, in...
View ArticleCelestyal to introduce new simplified fare structure ‘Celestyal One’
· New fare to replace ‘Experience’ and ‘Experience Plus’ packages · Prepaid food and beverage digital wallet to be introduced · Changes to take effect for the new bookings from December 2024 Celestyal...
View ArticleCelestyal to add a further 47 cabins to Celestyal Discovery increasing the...
Celestyal has revealed additional investment into its fleet with the latest refit plans for the line’s newest ship, Celestyal Discovery. The designs include the introduction of 47 additional cabins,...
View ArticleBaltic index gains on higher capesize, panamax rates
The Baltic Exchange’s main sea freight index rose on Thursday, helped by rising rates across the capesize and panamax segments. The index, which factors in rates for capesize, panamax and supramax...
View ArticleIron ore hits 3-week low on firmer supply, softer steel outlook
Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingredient remained firm amid a weaker steel market outlook, although fresh stimulus measures by top...
View ArticleMISC sees Q3 profit drop in complex market
Highlights of the MISC Group’s Financial Performance for the Third Quarter of 2024: Group revenue for the period ended 30 September 2024 was comparable to the corresponding period ended 30 September...
View ArticleFincantieri posts solid 9M results, lifts revenue forecast
The BoD of Fincantieri approved 9M 2024 results. STRONG ORDER INTAKE IN ALL BUSINESSES WITH TOTAL BACKLOG AT EURO 40.1 BILLION AND BACKLOG VISIBILITY UP TO 2032 EBITDA UP 19% TO EURO 328 MILLION, WITH...
View ArticleBumi Armada, MISC sign MoU to explore offshore business merger
Bumi Armada Bhd has signed a non-binding memorandum of understanding with MISC Bhd to explore the possibility of merging with the latter’s offshore business through an all-share transaction. In a...
View Article