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Australia’s LNG Ltd. says it will not make a final investment decision this year on its proposed $6B Magnolia LNG terminal near Lake Charles, La., due to difficulty lining up Chinese buyers amid the U.S.-China trade dispute. The company had said it expected to announce a decision by year-end 2018, but “we made that statement… Read More
In 2008 Kiasma Group introduced the KFC System in to the HDPE discharge pipes Market developed to the dredging Sector. In 10 years these pipes have been used in Shipyards in Latin America, Europe, Africa, Middle East and India. Even today, in 2018 we keep receiving, many letters of appreciation in reference to the benefits… Read More
The Port of Corpus Christi has appointed Clark Robertson as its Chief Operating Officer, a position last held by Chief Executive Officer Sean Strawbridge. Accomplished in industrial real estate acquisitions, economic development, transportation sales and marketing, Robertson has expertise in developing and leading results-driven teams in dynamic environments with a focus on long-range growth. In… Read More
One of Baker County’s unique attractions will soon close for the season in advance of winter’s deep snows, but plans are afoot to open more of the Sumpter Dredge to visitors in the future. There is no timeline, but the long-term goal is to allow visitors to tour sections of the upper two stories of… Read More
After four years of embarking on an upstream campaign to fund a dredge of its namesake river, the Schuylkill Navy — with the help of Penn — may finally be making some headway. The city hosted a meeting on Sept. 28 with the Schuylkill Navy and seven local universities, including Penn, to discuss the possibility… Read More
J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired International Marine & Industrial Applicators, LLC and Craft and Technical Solutions, LLC from IMIA Group, Inc. Founded in 1985, IMIA provides critical vessel preservation… Read More
Project would create first onshore location in the U.S. Gulf capable of servicing fully-laden Very Large Crude Carriers Contemplated venture creates a new Partnership where both the Port of Corpus Christi and Carlyle would jointly fund the development of the safest, most environmentally friendly marine terminal capable of handling the largest crude vessels Thousands of… Read More
Golar is ready to breakout of its current range when Q-3 earnings are released. There is a shortage of vessels suitable for transporting LNG around the globe, and Golar stands to benefit. The fundamentals are good now, and look to improve over the next several years. Investors should carefully consider this company for growth. READ… Read More
It has been a rough year for Caterpillar (CAT) and the shareholders in it. Concerns over the current trade war being waged by the Trump Administration, rising interest rates that could slow growth, and general economic conditions in various parts of the world have all acted to punish investors in the company and to generate… Read More
CAT’s stock price has fallen dramatically amidst market calamities. In spite of short-term headwinds, CAT possesses significant long-term upside potential. For long-term investors, CAT remains a formidable and lucrative investment opportunity. As Caterpillar (CAT) is caught amidst an escalating trade war and broader market cool-down, the company’s valuation has become more reasonable allowing value investors… Read More
In 1995, the U.S. Army Corps of Engineers did a study that identified the entrance channel as a potential dredging project. You know, the pollock fishery was soundly going at that point — and the containerized cargo. Delta Western had fuel tankers and all those things going on. And it really didn’t slow down. So… Read More
Good morning, everyone, and welcome to Wartsila’s Interim Report January to September 2018 Presentation. We have a very familiar concept, so I will give a short presentation and then you have the possibility for questions. And with me here this morning, I have the whole board of management; and Natalia Valtasaari, Head of Investor Relations…. Read More
Caterpillar (CAT -6.1%) ticks off its lows of the day after CEO Jim Umpleby said the company expects its businesses to continue improving into 2019 as demand remains strong in most of its end markets. In this morning’s earnings conference call, Umpleby said CAT is starting to see an impact from its mid-year price increases…. Read More
THIRD QUARTER HIGHLIGHTS – Order intake stable at EUR 1,372 million (1,354)– Net sales increased 13% to EUR 1,330 million (1,175)– Book-to-bill 1.03 (1.15)– Comparable operating result increased to EUR 141 million (131), which represents 10.6% of net sales (11.2)– Earnings per share increased to 0.17 euro (0.14) – Cash flow from operating activities decreased… Read More
Caterpillar Inc. (NYSE: CAT) today announced third-quarter 2018 sales and revenues of $13.5 billion, compared with $11.4 billion in the third quarter of 2017, an 18 percent increase. Third-quarter 2018 profit per share of $2.88 was a third-quarter record. Profit per share was $1.77 in the third quarter of 2017. Excluding restructuring costs and a… Read More