Finance News

America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole, according to the most current results of the first official Marine Economy Satellite Account released today by two Department of Commerce agencies.

Cheniere Energy is off to a strong start in 2021 as the company had Q1 earnings of US$1.54 per share and generated revenue of US$3.09bn. After four tough quarters, strong LNG demand has provided a boost for Cheniere and the company has managed to exceed expectations, says GlobalData, a leading data and analytics company.

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, a Rystad Energy report reveals.

Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge – this is according to collaborative research from Braemar ACM Shipbroking (Braemar), one of the world’s largest chartering, derivative and S&P shipbroking companies and Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm.

HGIM Corp., the parent company to Harvey Gulf International Marine, LLC, has announced that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management, LLC, an affiliate of The Jordan Company LP, and certain affiliates of Black Diamond Capital Management, L.L.C., have entered into a securityholders agreement.

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