Bahri reported a revenue growth of 24.2 percent for the quarter ending December 31, 2018. Total revenues grew to $475 million compared to $381 million during the same period in 2017.For Q4 2018, Bahri registered a net profit of $24.3 million…
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‘Frog’s Leg’ Proves Bountiful for Aker BP
Aker BP finds up to 153 million barrels of oil equivalents in North SeaAker BP has discovered an oil and gas reservoir while drilling near its Alvheim field in the North Sea.Known as Froskelaar (Frog's Leg) Main, the reservoir is estimated to…
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Hapag-Lloyd to Convert Containership to LNG
As the maritime industry increasingly searches for means to reduce emissions in the face of legislative mandate, from Germany comes news of a unique 'world first' project to convert the 15,000 TEU containership Sajir to LNG, resulting in an…
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Dart Fisher Ready for O&M Work
The provider of of topside, offshore and subsea marine services and solutions James Fisher Marine Services (JFMS) has announced that its innovative offshore support vessel, Dart Fisher, has returned to sea following refurbishment at the Alicat…
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‘Thar she blows!’ Scientists use drones to monitor whale health
The old cry of sailors sighting a whale's waterspout is taking on new meaning as scientists turn to drones, or unmanned aerial vehicles, to gather samples of the fluids exhaled by the huge mammals and track their health.
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Arctia’s Vessels Get PC3 Notation
Finnish state-owned company Arctia Oy said that its vessels MSV Fennica and MSV Nordica have now both received certificates of compliance with the IMO Polar Code. Both vessels now have a Polar Class 3 (PC3) class notation.According to the owner and ope...
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Huawei Marine Upgrades WACS
Huawei Marine Networks, a global submarine network provider, announced completion of the West Africa Cable System (WACS) Upgrade II.A press release from the joint venture between the Chinese firm Huawei Technologies and the British company Global…
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Chabahar Port Volumes Up
Iran's Shahid Beheshti Port in Chabahar, which was taken over by Indian Ports Global Limited last month, registered high volumes in in container loading and unloading.“Container and petroleum products unloading and loading in the Chabahar port have inc...
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Huge Increase in Arctic shipping
Data from Russia’s ports and Northern Sea Route show that the volume of goods being shipped out into the Arctic waterway are up by 25 percent 2018.According to information from the Russian Transport Ministry, a total of 92.7 million tons was handled by...
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Anadarko Sells LNG to CNOOC
U.S. oil giant Anadarko Petroleum said it has signed a deal with one of China’s biggest importers to supply 1.5 million tonnes of liquefied natural gas (LNG) a year from Mozambique for a period of 13 years.The contract, signed by Anadarko and…
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