Marintime Global Report
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NYK Returns To Profit
Fleet-wide slow-steaming, lower bunker prices and the stronger yen all combined to enable NYK to make a profitable start to fiscal 2013.Net income was JPY8.5bn ($87.7m) versus the JPY1.3bn loss reported in the corresponding period twelve months ago.Revenue ...
2013-07-31 08:05:39 -
STX Gets $2bn Lifeline
Creditors of STX Offshore & Shipbuilding have finalised a deal to pump fresh liquidity into the troubled Korean outfit.After weeks of speculation the shipbuilder has secured KRW 2.15 trillion ($1.95bn) in support to restructure existing debts, the ...
2013-07-31 07:58:54 -
Mermaid Wins Subsea Work
Subtech Qatar Diving & Marine Services(Subtech) will carry out a range of jobs using Mermaid’s 3,135-gt constructionbarge Mermaid Siam (built 1991). Work includes a maiden contract for its new cablelaying division as well as a job for its recently ...
2013-07-31 07:48:02 -
COSL Bags Two More
China Oilfield Services (COSL) has pickedup a pair of platform supply vessels at compatriot shipyard Xiamen ShipbuildingIndustry Co. The Hong Kong-listed offshore operator hasalready taken delivery of one 3,300-dwt ship with the other to follow at theend ...
2013-07-31 07:46:20