Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

Höegh Autoliners Unfazed by Slowing Car Market

Norwegian RoRo shipping company Höegh Autoliners recorded a 4% increase in volumes carried in 2015 compared to the ...

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Fincantieri Improves Shipbuilding Revenue

Italian shipbuilder Fincantieri S.p.A. has recorded EUR 1.659 billion revenue coming from its shipbuilding segment ...

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Hamburg Süd Reaps Fruit from CCNI Takeover

German shipping company Hamburg Süd Group reported an increase in total turnover by 16.8 percent to EUR ...

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BW LPG Stays Sharp

Singapore-headquartered gas shipping company BW LPG ended the third quarter of 2015 with USD 106.2 million net ...

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Postponed Newbuild Deliveries Dampen Odfjell's Surge in Q3

The deliveries of the four 17,000 cbm LPG/Ethylene carriers ordered by the Bergen-based Odfjell at ...

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d’Amico Flies High on Thriving Products Tanker Market

Italian products tanker market player d’Amico International Shipping S.A. posted USD 14.7 million net profit ...

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Merger with CSAV Keeps Hapag-Lloyd in the Black

German container line Hapag-Lloyd reported EUR 160.4 million (USD 172.4 million) net profit for the first nine ...

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Wilh. Wilhelmsen Hit Hard by Anti-Trust Probe Provision

Norwegian maritime industry group Wilh. Wilhelmsen Holding (WWH) reported USD 157 million operating loss for the ...

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Teekay Corporation Slides to Loss

Bermuda-based Teekay Corporation reported USD 12.2 million net loss attributable to shareholders for the quarter ...

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ICTSI’s Revenue Takes a Hit in 3Q

Manila-headquartered container terminal operator International Container Terminal Services, Inc. (ICTSI) managed to ...

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Seaspan Bullish After Posting Improved Results

Hong Kong-based Seaspan Corporation plans further additions to its currently 100 strong fleet of owned and managed ...

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Mercator Lines Continues Its Losing Streak

The financially-troubled dry bulk specialist Mercator Lines (Singapore) Limited booked USD 11.9 million loss for ...

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Euronav Opts Out of 4 VLCCs

Belgian tanker operator Euronav has decided not to exercise the option for four newbuilding very large crude ...

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China Cosco Reports USD 267.5 Million Quarterly Loss

Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited ...

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Daewoo Shipbuilding Posts USD 1.2 Billion Quarterly Loss

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), the second biggest shipbuilder in the ...

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Cosco Pacific Sees Slowdown in Container Throughput Growth

Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a weaker than expected ...

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OOCL Hurt by Soft Rates and Asia/Europe Volume Slide

Hong Kong-based container carrier Orient Overseas Container Line (OOCL) marked a 12.2% decrease in total revenues ...

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Long Term Charters Keep Nakilat Safe

Qatari liquefied natural gas (LNG) shipping company Nakilat recorded net profit of QR 756.3 million (USD 207.8 ...

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Cosco Corp Braces for Red

Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the ...

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MOL Refutes First Half Net Loss Projections

Japan’s Mitsui O.S.K. Lines (MOL) expects an extraordinary gain from charters cancelled in its bulk shipping ...

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Tankers Lift Stolt-Nielsen

Oslo-listed Stolt-Nielsen Limited reported USD 30.1 million net profit attributable to shareholders for the third ...

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