• 2012 August 7 13:05

  Essar Shipping Q2 net profit up186%

  

  Essar Shipping recorded a 186% jump in second quarter net profit amid the difficult operating environment for the shipping market, Seatrade Asia online reports.
  
  The India-based company posted second quarter net profit of INR539m ($9.7m) compared to INR188m in the corresponding period of 2011.
  
  Revenue also improved 38% year-on-year to INR9.25bn during the quarter.
  
  “The company has maintained performance despite challenging market conditions. While the sea transportation business will leverage on long term contracts, the oilfields services business is gearing itself to benefit from the firm market conditions,” said AR Ramakrishnan, managing director of Essar Shipping.
  
  Essar Shipping operates a fleet of 25 vessels including bulk carriers and oil tankers.

---

2024 November 7

14:33	Flex LNG agrees to amend the existing time charter agreements for the two LNG carriers
13:41	ADNOC secures 15-year sales and purchase agreement for Ruwais LNG project
13:07	Three fugitive methane detection and measurement technology companies selected for feasibility studies
12:44	Irving Shipbuilding chooses TMC for Canadian patrol ships
12:24	ADNOC awards $490 mln contract to expand world’s largest 3D seismic survey
11:59	First Damen Shrimp Trawler 2607 completes sea trials
11:13	GTT receives an order from a Korean shipyard for the tank design of a new Floating Storage Regasification Unit
10:58	Hapag-Lloyd orders 24 LNG- fuelled boxships

2024 November 6

18:00	DFDS launches a new freight ferry service between Italy and Egypt
17:34	Viking names two newest Nile River ships in Luxor
17:18	Enova grants EUR 65m to five hydrogen projects for maritime fuel in Norway
16:48	COSCO SHIPPING signed a strategic cooperation agreement with BYD
16:25	Shipyards deliver a record 410 container ships in 2024
15:28	Syngenta and Maersk extend partnership in more sustainable and innovative supply chain solutions
14:41	Ports of Szczecin and Swinoujscie post results for the first three quarters of 2024
14:18	China plans to increase low-carbon bunkering capacity at Shanghai Port to more than 1 million tonnes per year by 2030
13:44	Singapore Methanol signs MOU with Global Energy to advance bio-methanol fuel
12:23	Höegh Evi signs MoU with the port of Port-La Nouvelle to develop a floating terminal for hydrogen imports
11:59	TORM capital increase in connection with delivery of one 2015-built MR vessel
11:29	Intra-Asia сontainer shipping market outpaces global growth – Drewry
10:09	ICTSI net income up 31% to US$632.58mln in Jan-Sept 2024
09:04	Guangzhou Shipbuilding completes the annual ship delivery target
08:52	CSSC held naming ceremony for last of 10 container ships built for Seaspan

2024 November 5

18:27	RS successfully completes annual survey of the legendary nuclear-powered icebreaker LENIN
18:24	Expanded emissions rules to be implemented at California ports from January 1, 2025
17:35	COSCO Shipping launches innovative ammonia-fueled ammonia/LPG vessel design
17:19	PIL orders five more LNG dual-fuel vessels from Hudong-Zhonghua Shipbuilding
16:57	Chevron expands supply of marine lubricants to include Port Elizabeth, South Africa
16:29	EDGE Group and Fincantieri sign MoU to jointly develop underwater solutions
15:53	Cadeler signs firm contracts with ScottishPower Renewables for East Anglia TWO foundation and turbine transportation and installation
15:03	Sea1 Offshore steps up with two new vessel orders
14:35	COSCO SHIPPING becomes second largest shareholder of Shenzhen Yantian Port
13:48	MOL (Asia Oceania) invests in joint development/investment 'logistics infrastructure' projects in Southeast Asia
13:13	Kongsberg Maritime propulsion selected for new Peruvian Navy frigate programme
12:53	ADNOC and Masdar collaborate with Microsoft to drive AI deployment and low-carbon solutions
12:24	MOL to build logistic center on Kobe's Port Island
11:19	APM Terminals announces appointment of new Managing Director for Suez Canal Container Terminal
10:42	Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg

2024 November 4

17:27	Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
15:52	Paradip Port to be fully mechanised by 2030
14:13	Autonomous vessel to sail 1,500 km from Mumbai to Tuticorin
13:48	DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investment
12:18	China's 41st Antarctic expedition begins
10:34	10 years old Meyer Turku aims for carbon-neutral shipbuilding
09:41	Port of Vancouver vessel traffic management system enhances marine safety and trade efficiency throughout Burrard Inlet

2024 November 3

15:57	Babcock completes deep maintenance of Lambeth River Station
14:09	Fincantieri and BQ Solutions sign MoU to advance naval education and training in Qatar 31 October 2024
12:51	Rolls-Royce develops new mtu energy and automation solutions for future submarines
10:19	Cepsa changes its name to Moeve
09:46	Singapore says no oil sightings arising from oil-related incidents

2024 November 2

18:06	Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20	VTTI looks to buy into LNG terminals in Asia
16:48	Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32	CHIMBUSCO secures its first LNG refueling service in Europe
15:46	SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24	Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57	Rem Offshore holds keel laying ceremony for REM Pioneer
12:30	World's first conversion of large container ship to run on methanol successfully completed
11:52	New offshore platform taps into potential of heavy-oil reserves in China
11:24	HRDD completes desulphurization tower system conversion for a PCTC
09:48	TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00	Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38	Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23	Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54	KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24	BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44	HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24	Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36	EU imposes duties on unfairly subsidised electric vehicles from China
14:23	Port of Montreal workers at two terminals start new strike