CORE INDUSTRIES

Dassault Systemes and IBM Partner With IHI

Ishikawajima-Harima Heavy Industries Co. Ltd (IHI) has signed an agreement with Dassault Systemes and IBM Product Lifecycle Management around 3D PLM (Product Lifecycle Management) for shipbuilding. 3D PLM solutions based on V5 architecture developed by Dassault Systemes and marketed by IBM world wide, are setting future industry standards which help shipbuilding companies reduce the development time as well as further improve their products. As part of the partnership, IBM and Dassault Systemes will integrate their 3D PLM technologies with IHI's specific industry know-how in order to promote the modernization of shipbuilding, one of the core industries in Asia. Services and support will be provided by IBM and IBM's business partners. Dassault Systemes', IBM's and IHI's implementation of the 3D PLM solutions will start in 2002, and the full deployment is expected to be operational in 2004/2005. Now, IHI is using "Ajisai", its own internally developed 3D CAD system, as a product model creation tool from the design to the production stage, and was using CATIA V5 for conceptual ship design. The company highly praised CATIA V5's flexibility and data compatibility and its participation in this project has for perspective data compatibility with this "Ajisai". Dassault Systemes, IBM and IHI will work together to integrate the complete 3D PLM solution set along with IHI's know-how concerning the management of attributes specific to the shipbuilding CAD, which is highly complex

Voith Maintains Status Quo Despite Difficult Environment

Voith Group reports on financial results at end of fiscal year year 2012 (ending September 30, 2012). Report highlights: •    Third best operational result in company history despite difficult business environment at Voith Paper •    Sales rise by 2 percent to EUR 5.7 billion •    As expected, orders received below record value of the previous year •    Important orders in America

Finnish Yards Impact Kvaerner '99 Results

Kvaerner ASA announced a record 1999 pre-tax loss, hit by restructuring costs and weak non-core operations, but forecast an upturn at its core businesses in 2000. London-based Kvaerner recorded a pre-tax loss of $667 million from $205.5 million a year earlier after a sweeping restructuring plan was launched in April, which aimed to sell off non-core activities. "We have all seen that the goal is within sight. It is far away but still in sight," Chief Executive Kjell Almskog said

New Vietnam Shipbuilding Group to be Lauched

According to a report from the VietnamNet Bridge, Deputy Prime Minister Nguyen Sinh Hung said a new Vietnam Shipbuilding Industry Group, Vinashin, will be unveiled this month or early November. The new shipbuilding group will focus on its core business, which are shipbuilding and repairing; supporting industries for shipbuilding; and providing training courses in the field. (Source: VietnamNet Bridge)  

NSRP Approves $2.5 Million for Cost-Saving Projects

The National Shipbuilding Research Program (NSRP) Executive Control Board selected 17 new research and development projects for award as part of the NSRP’s core mission to reduce the costs associated with Navy shipbuilding and repair. The projects, totaling approximately $2.5 million, will be executed through the 10 NSRP Ship Production Panels, which serve as the program’s primary public forum for industry-wide networking, technology transfer and best-practice sharing.

General Dynamics Awarded $208m for 2nd LCS

The U.S. Navy awarded a $208 million contract option to a Bath Iron Works-led team for construction of a second Littoral Combat Ship (LCS) featuring an innovative, high-speed trimaran hull. The 127-meter surface combatant ship, equipped with open architecture-based combat systems and computing environment, is scheduled for delivery to the Navy in July 2009. The original contract was awarded in July 2003. Bath Iron Works is a subsidiary of General Dynamics (NYSE: GD).

Panama Canal Authority Awarded For Its Ethical Leadership

PANAMA CITY, Panama, March 16, 2011 – Recognized internationally for its innovative work and ethical business practices, the Panama Canal Authority (ACP) has been recognized by the Ethisphere Institute as one of the 2011 World’s Most Ethical Companies.  According to the Ethisphere Institute, the ACP secured a spot on the list from a record number of nominations by “going the extra mile and implementing upright business practices and initiatives that are instrumental to

Caterpillar Completes Acquisition of Sabre Engines Ltd.

Caterpillar Inc. has acquired Sabre Engines Ltd., a family-owned company in the U.K. specializing in high-performance marine diesel engines. "Caterpillar is proud to announce this acquisition and welcomes Sabre into the Caterpillar family," said Douglas R. Oberhelman, Caterpillar vice-president with responsibility for the company's Engine Products Division. "Sabre is a well-managed company with dedicated people, state-of-the-art design and technology, and a solid customer base

NOL Group 1Q Profits Drop 64%

Neptune Orient Lines (NOL) reported a net profit for the first quarter of 2007 of $43m, down 64% year-on-year. The Group’s Core EBIT (Earnings Before Gross Interest Expense, Tax and Non-Recurring Items) was $58 million, 59% lower than Core EBIT for the same period of 2006. The Liner business achieved Core EBIT of $41 million, down 67%. APL Logistics reported Core EBIT of $12 million, down 25%. 1Q2007 revenues rose year-on-year by 1% to $1.9 billion.

DIAB Receives DNV Certification

Following the introduction at the JEC show in Paris, the new DIAB product Divinycell Matrix 11-9 and improved Divinycell Matrix 7-7 have received DNV certificates. Matrix 11-9 fills an open position in the core materials market in terms of mechanical properties and product efficiency. By introducing Matrix 11-9 DIAB increases its material range and customers can choose a more precise core, saving both weight and cost.