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Figures turn red for Dockwise

May 6 - Dockwise had a very cautious start to the year and the company saw a 25 percent drop in operating income, leading to a loss for the first quarter.

Performance was in line with expectations and the company took advantage of a calmer market to accelerate its maintenance program for 2010. As a result, Dockwise is well prepared for an upswing as the year progresses, said André Goedée, the CEO of Dockwise. 

The company recorded a loss of USD3.2 million, down from a USD27.3 million profit in the same period last year. 

Revenues for the quarter totaled USD95.2 million down from USD127.2million in the same period last year. 
Goedée added: "Encouragingly, the first quarter saw increased tendering activity, and a corresponding improvement in long range visibility in our markets. Our strategic view of the industry has been confirmed by the emergence of a new set of major scale float-over and deepwater projects for execution beyond 2012. Dockwise has leadership in this premium market, where we intend to maintain and grow our presence."

Heavy Lift | News

Time charter rates level out  thumbnail image

Time charter rates level out 

June 5 - The latest report from shipbroker Toepfer Transport indicates that time charter rates in the multipurpose shipping sector are starting to level out. 
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Port of Newcastle strengthens team thumbnail image

Port of Newcastle strengthens team

June 4 - The Port of Newcastle in Australia has appointed Glenn Thornton as executive manager projects, and Paul Brown as executive manager business development.
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