NOV releases 2Q business results [Finance]
On July 27, National Oilwell Varco, Inc. (NYSE: NOV) reported a second quarter 2017 net loss of $75 million, or $0.20 per share. Excluding other items, net loss for the quarter was $54 million, or $0.14 per share. Other items totaled $30 million,...
2017-08-01 07:32:19
ASV supports autonomous vessel project [Offshore]
ASV Global is a key partner in a collaborative research project in order to develop a Micro Autonomous Underwater Vehicle (AUV) Launch and Recovery System (LARS) for Autonomous Surface Vehicles. The project seeks to deliver an integrated system t...
2017-08-01 07:29:01
Capital Product secures $460m credit facility [Finance]
On July 28, Capital Product Partners L.P. (the "Partnership" or "CPLP") (NASDAQ: CPLP), an international diversified shipping partnership, today released its financial results for the second quarter of 2017. The Partnership's net income for th...
2017-08-01 07:26:32
BC construction suspended in Dayang [Shipbuilding]
It has turned out that construction of three bulker newbuildings has suspended in Yangzhou Dayang Shipbuilding in China. Dayang, a bulker builder under China's privately run shipbuilder Sinopacific Shipbuilding Group, announced on July 24 that...
2017-08-01 07:23:59
JBIC to provide financial support to ship exports [Finance]
The Japan Bank for International Cooperation (JBIC), a Japanese export credit agency wholly owned by the Japanese government, is planning to provide financial support to a vessel export project of a domestic shipyard.   According to local ...
2017-08-01 07:23:19
NOV posts narrower losses in 2Q [Finance]
National Oilwell Varco (NOV) reported a second quarter 2017 net loss of $75m, or $0.20 per share, down from $217m a year ago, or 58 cents per share loss. Revenue for the second quarter of this year was $1.759m, a slight increase from $1.724m f...
2017-08-01 07:22:28
Namura's deficit decreased in 2Q [Shipbuilding]
Namura Shipbuilding announced on July 28 that the Japanese shipbuilder posted ordinary loss of around JPY 1.5bn (approximately $13.57m) for the second quarter of this year, representing a sharp decrease compared to loss of JPY 7.8bn recorded duri...
2017-08-01 07:21:30
SHI labor council decides to strike [General]
Samsung Heavy Industries' workers' council has decided to strike as it faced difficulties in concluding wage and collective agreements with the management. It is expected that Samsung Heavy's restructuring may fall into a hurdle. Samsung Heavy...
2017-08-01 07:20:36
Vard saw loss up in 1H [Finance]
Fincantieri-affiliated Vard Holdings, a Singaporean offshore and specialized vessel builder, posted revenue of NOK 2.128bn (approximately $260m) in the second quarter of 2017, representing a year-on-year decline of 4%. The company's revenue in th...
2017-08-01 07:19:38
Sembcorp posts 51% decrease in Q2 net profit [Finance]
Singaporean shipbuilder Sembcorp Marine recently announced that its Q2 net profit fell by 51% with order slowdown and foreign exchange losses.   Big two shipbuilding companies in Singapore, Sembcorp Marine and Keppel Offshore & Marine ...
2017-08-01 07:18:27
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