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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 Water Tractor: Photo credit Voith

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


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)  


Good Performance by Dun & Bradstreet in 3Q 2014

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  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. "There are ever more market signals indicating growing demand for actionable data and insights and we are well positioned


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


NSRP Approves $2.5 Million for Cost-Saving Projects

The NSRP logo (Photo: NSRP).

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.


Panama Canal Authority Awarded For Its Ethical Leadership

pancanal.bmp

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


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).


Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy Sector. The awards were announced September 25 at the AECC. The Commitment to People Development award recognizes the company that has shown the most commitment to developing its staff through


Topaz Reports NMEL Results

2013 revenue up 22% over last year to $376.5 million as a result of the expansion of the core vessel fleet and high vessel utilization Topaz Energy and Marine, an offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. (NMEL) for the twelve months ended December 31, 2013. According to Topaz, the period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%


From Security to Efficiency Modern Vessel Tracking

Nick Farrell

More so than many other fields of business, the maritime industry is focused on cost, which in turn gives the appearance of being conservative towards technology. Of course, we have magnificently technical ships operating with equipment that wouldn’t look out of place in a NASA lab


Navios Revenue Up 25% in 3Q 2014

  Highlights of Navios Maritime Holdings Inc. Financial Results for the Third Quarter and Nine Months Ended September 30, 2014: Revenue 25% increase to $152.6 million for Q3; 10% increase to $420.2 million for nine months EBITDA 5% increase to $42.4 million for Q3;


BHP Billiton Focus on Operation & Productivity

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 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.  * Improved capital productivity will allow planned investment to be reduced from US$14


Sustainability Report: Carnival Ahead of Emissions Goal

Photo: Carnival

Carnival Corporation & plc released a report today detailing its sustainability efforts, including initiatives which enabled the company to meet its corporate goal to reduce its rate of CO2 emissions from shipboard operations by 20 percent, a year ahead of its initial plan


JPMorgan Hires Former Glencore Crude Trader

JPMorgan Chase & Co has hired Edwin Tay, formerly with Glencore, as a senior crude oil trader in Singapore, industry sources said on Wednesday. Tay starts with the U.S. bank in January, they said. JPMorgan declined comment. JPMorgan completed the sale of its multibillion-dollar physical


N-KOM Recognized for Shipyard Safety, Security

N-KOM Shipyard Director Mr Jassim Al-Shirawi (center) receiving the award from ADNATCO-NGSCO’s CEO Dr. Ali Al Yabhouni (left) at the TMS Awards ceremony held in Dubai.  (Photo credit: The Maritime Standard)

Nakilat-Keppel Offshore & Marine (N-KOM) received the Safety & Security Award at the inaugural edition of The Maritime Standard (TMS) Middle East & Indian Subcontinent Awards, held at Atlantis The Palm, Dubai. Sponsored by ADNATCO-NGSCO


SSI Highlights the Rise of the Sustainable Shipper

Charterers’ future procurement decisions will be driven by an increasing drive to improve sustainability within shipping supply chains. The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global shipping industry focused on uniting commercial


Drydocks World wins ADIPEC Awards

Drydocks World wins at Abu Dhabi International Petroleum Exhibition & Conference Awards

  Drydocks World and Maritime World, the international providers of maritime and offshore services to the shipping, oil, gas, and energy sectors have been awarded the Best Oil & Gas Project Award for outstanding Project Excellence on the SOLAN Project


MHI to Revamp its Casting Operations

MHIs Futami Plant

  Effective April 1, 2015 Mitsubishi Heavy Industries, Ltd. (MHI) will revamp its production structure for casting products. From that date all current Group casting operations will be consolidated at the company's Futami Plant, part of its Kobe Shipyard & Machinery Works


BP's New Core Flood Robot EOR Techniques

World’s first Core Flood Robot for EOR

BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and


As Oil Prices Drop, Rigs Go Off-Line

Photo courtesy of Transocean

Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market. The drilling contractor's shares rose as much as 3 percent in early trading after the


Hawaiian Market Growth Boosts Matson Q3 Results

Photo: Matson

Matson, Inc., a U.S. carrier in the Pacific, announced its results for the third quarter of 2014, in which it reported a net income of $21.5 million, or $0.50 per diluted share, compared with $17.2 million or $0.40 per diluted share in 2013, while consolidated revenue for the third quarter 2014


Thomson Reuters Recognizes ABB as Top Innovators

Top Innovators

  ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year. This award acknowledges companies around the world for their outstanding commitment to global innovation, the protection of ideas and the commercialization of inventions.


Navy Christens Littoral Combat Ship Montgomery

LCS Montgomery (LCS 8) rolls out of Austal USAs assembly bay in Mobile, Alabama.

  The Navy will christen littoral combat ship (LCS) Montgomery Nov. 8 during a ceremony at the Austal USA shipyard in Mobile, Alabama.   Vice Chief of Naval Operations Adm. Michelle Howard, will deliver the principal address at the ceremony. Mary Sessions, wife of U.S


CTruk Sets Plans for Expansion

Image courtesy of CTruk

More than 120 new jobs in the cards if Advanced Composite Technology Center project receives grant funding support CTruk signed the lease on a 6,400m² site on the Colne Estuary, a few miles upriver from its current Brightlingsea base






 
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