Latest news from Heavy Lift & Project Forwarding International Magazine

Pan Ocean back on track

February 7 - Mandatory disclosures of financial results for the fourth quarter of 2016 and the full 2016 financial year on the Singapore Stock Exchange (SGX) indicate that shipping company Pan Ocean finished its 2016 financial year with a net profit of US

This is a 141.9 percent increase from the USD34.09 million net profit in 2015, while the sales revenues remained relatively similar to that of 2015 at USD1.62 billion.

The 2015 net profit figures were affected by Pan Ocean having to repay the liabilities that it had incurred during its two-year rehabilitation process, which it exited in 2015.

Since 2009, Pan Ocean has operated both semi-submersible and geared heavy lift vessels to provide integrated heavy lift transport solutions. It successfully completed long-term contracts for Ichthys Onshore LNG Project and the Panama Canal Expansion Project with the semi-submersible vessels Sun Shine and Sun Rise.

 

www.panocean.com

www.sgx.com

Heavy Lift | News

Still time to enter ESTA Awards  thumbnail image

Still time to enter ESTA Awards 

January 17 - The deadline to enter the 2020 ESTA Awards of Excellence, which will be held on the evening of April 23 at the Postillion Hotel Amsterdam in the Netherlands, has been extended to January 25, 2020. 
Views: 316
Wijnne Barends opts for LNG newbuilds  thumbnail image

Wijnne Barends opts for LNG newbuilds 

January 17 - Wijnne Barends, based in the Netherlands, has placed an order with China’s WuHu Shipyard for four shortsea cargo ships featuring LNG propulsion and battery storage systems.
Views: 458
Methanex hat trick for Mammoet thumbnail image

Methanex hat trick for Mammoet

January 17 - Methanex has awarded the levee crossing and heavy haul scope of work for the construction of its Geismar 3 methanol plant in Louisiana, USA to Mammoet.
Views: 414
Charter rates fall in January  thumbnail image

Charter rates fall in January 

January 17 - Time charter rates in the multipurpose shipping sector have dropped over the last month, according to shipbroker Toepfer Transport.
Views: 361

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