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Aker Solutions Revenue Steady


Sales NOK 8 billion in 2Q 2015 vs NOK 8.1 billion in 2Q 2014 Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 547 million vs NOK 608 million a year earlier EBITDA margin 6.8% vs 7.5% a year earlier EBITDA margin ex. one-off items 7.6% vs 7.5% a year earlier EBIT NOK 376 million vs NOK 472 million a year earlier EBIT margin 4.7% vs 5.9% a year earlier EBIT margin ex. one-off items 5.5% vs 5.9% a year earlier  Earnings per share (EPS) NOK 0.73 vs NOK 1.41 a year earlier Order intake NOK 3.4 billion vs NOK 21.4 billion a year earlier (includes NOK 14 billion Kaombo contract) Order backlog NOK 44 billion vs NOK 53.9 billion a year earlier Aker Solutions' revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Aker Solutions secured NOK 3.4 billion in orders in the quarter, including a key maintenance, modifications and operations contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada. The company won strategically significant orders for early-phase studies for existing and potential offshore field developments in Malaysia, Australia, the Gulf of Mexico and Norway, including the Barents Sea

Crewboat Merlin Tide Sold to European Buyers

Photo: Marcon International

Marcon International, Inc. of Coupeville, Washington has announced that Tidewater Marine International Inc. has sold its44.2m x 8.1m x 3.6m depth / 1.7m draft, 168mtdw, high-speed, aluminum crew / supply vessel Merlin Tide\ to private European operators for continued operation in oilfield service. Built by Swiftships Shipbuilders LLC of Morgan City, Louisiana for Tidewater as Hull 524 in 1999, the vessel is powered by five 956kW Cummins KTA 38M2 diesels developing a total of 6,600BHP at 1

Canyon ROV Rescues Manned Submersible

Canyon Offshore has successfully rescued a diver trapped in a manned submersible in 1800 ft. of water in the Gulf of Mexico. The submersible was attempting to perform intervention tasks on a client’s subsea well when the tool seized at the work site. The M/V Merlin, outfitted with a TRITON XL work class ROV, immediately deployed to the site to assist with the recovery. The ROV dove to 1800 ft., releasing the tool and the submersible approximately five minutes after reaching the immobilized

HMS Portland Sails After Upkeep Period

Type 23 frigate HMS Portland has been handed back to the Fleet following a nine-month upkeep period completed by Fleet Support Limited (FSL) in Portsmouth. The Devonport-based ship then sailed from Portsmouth on the same day to start a programme of crew training in the South West in preparation for deployment in early summer. FSL has carried out an extensive enhancement and maintenance package on the 1999-built ship that has kept some 150 personnel busy.

MS EUROPA Sails into B+V Repair

The MS EUROPA, a 5-star-plus luxury cruise liner of Hapag Lloyd Kreuzfahrten GmbH arrived in the morning of 31 August 2004 at dock 10 of Blohm + Voss Repair GmbH. After its stay at the shipyard, the MS EUROPA will be setting off restyled for a 19-day. The cruise will start from Hamburg to Norway, Iceland, Greenland and on to Montreal.

Milaha Reports Improved Net Profit for Q1

HE Sheikh Ali bin Jassim Al Thani

Qatar Navigation (Milaha) Q.S.C. has announced its financial results for the three months ended March 31, 2015, in which it reported operating revenues of QR 786 million vs. QR 699 million for the same period in 2014, an increase of 12% quarter over quarter. Operating profit of QR 279 million vs. QR 273 million for the same period in 2014, an increase of 2% quarter over quarter, net profit of QR 365 million vs. QR 349 million for the same period in 2014

Aker Yards to Build PSV

Aker Yards has confirmed an optional agreement with Siem Offshore Inc for the building of two Platform Supply Vessels. The value of the contract is approximately NOK 275 million. Delivery is scheduled for second quarter 2007 from Aker Yards, Aukra. The vessels are of Vik Sandvik design, VS 470 Mk II. The vessels will be equipped with dynamic positioning, special product tanks, azimuth thrusters and accommodation for 34 persons.

Siem Acquires PSV Contract

Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.

Maritime Security Meeting Set for SMM ‘08

The security of shipping channels has become an important concern in view of the growing threat to international shipping. This development is met by the International Conference “Maritime Security & Defence” (MS&D) held in Hamburg for the first time during the SMM 2008, shipbuilding, machinery & marine technology international trade fair hamburg, at the Hamburg Fair site on 24 and 25 September 2008. There are close links between the subject matter of the MS&D and the international

Grasso Elected President WISTA USA

At its annual general meeting in in May, Jeanne M. Grasso was elected President of the Women’s International Shipping and Trading Association (WISTA) . As President of WISTA USA, Ms. Grasso will serve as a member of the six-person elected board, which includes: Vice President Linda Turnbow (Ocean Shipholdings, Inc.); Treasurer Kathleen Haines (formerly of OMI Corporation); Membership Secretary Parker Harrison (American Steamship Owners Mutual Protection and Indemnity Association, Inc

Togo Ratifies High Seas Intervention Treaty

Photo: International Maritime Organization (IMO)

 Togo has become the 89th State to ratify International Maritime Organization (IMO)’s International Convention Relating to Intervention on the High Seas in Cases of Oil Pollution Casualties of 1969.    The Convention affirms the right of a coastal State to take necessary

MacGregor in JV with China State Shipbuilding

Photo: Cargotec

 MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co Ltd (LMC) signed a joint venture contract  to form CSSC Luzhou MacGregor Machine Co Ltd.    Subject to all relevant authority approvals, expected within this year

Dutch Sustainable Maritime Solutions Presented

left to right Roel de Graaf (Managing Director NMT), Hans Voorneveld (Chairman NMT), Brigit Gijsbers (Ministry of Infrastructure and the Environment), Salima Belhaj (Member of the Dutch Parliament party D66), Margot Ribberi

On October 10, 2016, during the Dutch national Sustainability Day, on board of the MS Borelli, a barge that has been converted with electric propulsion, the 178 sustainable maritime solutions powered by the Dutch and collected by Netherlands Maritime Technology (NMT) have been presented

Holland America Line Receives Association for Rescue at Sea Award

Veendam Captain Receives Association for Rescue at Sea AMVER Award Holland America Line

The captain and crew of Holland America Line’s ms Veendam were honored by the Association for Rescue at Sea with a prestigious AFRAS AMVER Award for the 2015 rescue of a pilot who ditched his aircraft in the Pacific Ocean near Hawaii. The Automated Mutual Assistance Vessel Rescue System was

Vessel Design: A More Efficient Stern Trawler

Wärtsilä VS 6215 ST (Image: Wärtsilä)

A new stern trawler design from Wärtsilä aims to reduce fuel consumption and notably increase overall vessel efficiency.   Wärtsilä Ship Design’s new 82-meter-long Wärtsilä VS 6215 ST emphasizes seakeeping and stability and leverages a unique aft ship

MPA Asks Singapore Maritime Firms to Adopt Sustainability Reporting

Image:  Maritime and Port Authority of Singapore

 In June this year, the Singapore Exchange (SGX) introduced sustainability reporting on a ‘comply or explain’ basis.  To assist and encourage the maritime sector to embrace the new requirement for Sustainability / Integrated reporting

Skaugen Goes to Red Again

Photo: I.M. Skaugen SE

 Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities for long routes the petrochemical market.   The gas carrier owner reported profit before and after tax of minus $ 5

New Senior Staff Appointments at FMC

Chairman Cordero (R) observes vessel discharge operations.

The retirement of veteran Federal Maritime Commission senior executive Mr. Vern W. Hill, who has served as the Managing Director of the agency since 2013, has set in motion staff changes in three key offices. In consultation with his fellow Commissioners, Chairman Mario Cordero has appointed Ms

Consolidation of Yard Capacity for Healthy Shipping

Graph: Teekay Corporation

 A dramatic collapse in newbuild orders due to a weak market environment across all shipping sectors is putting pressure on the global shipbuilding industry, says Teekay Corporation.    Just 7.2 million compensated gross tones (CGT) of new orders have been placed through the first

Powerful New ATBs for Vane Bunkering

Photo courtesy of Cummins

The bold blue “V” logo emblazoned on the green-banded white stack continues to proliferate on American waterways. Vane Brothers Company has been expanding its fleet with new construction. Recently the marine transportation company announced a contract for three ATB tugs to be built at

MN100: United States Marine Inc.

Photo: United States Marine Inc.

The Company: United States Marine Inc. (USMI) has been in business for over 30 years delivering high speed interdiction craft and other products to US DoD agencies, including but not limited to US Navy, USSOCOM and NAVSEA, and foreign navies

Miller to Showcase Welding Solutions at International WorkBoat Show

ArcReach Family XMT Dimension SuitCase Remote

Miller Electric Mfg. Co. is showcasing welding equipment technologies to enhance quality, productivity and cost savings in the shipbuilding industry during the International WorkBoat Show at the Morial Convention Center in New Orleans, November 30 to December 2

Ex-chairwoman of Hanjin Under Scrutiny

Photo: Hanjin Shipping

The former chairwoman of bankrupt Hanjin Shipping Choi Eun Young  is under investigation for alleged insider trading BBC reports qoting South Korea's Financial Supervisory Service.    She has come under scrutiny after it was revealed she sold all her shares in the firm days before

Wärtsilä Designed AHTS Delivered to COSL

Another two Wärtsilä designed AHTS vessels are to be delivered to COSL this year. Photo Wärtsilä

Two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September. The ships have been built for China Oilfield Services Ltd (COSL)

Container Shipping Line of the Year Award Goes to MSC India

Photo: Mediterranean Shipping Company (U.K.) Ltd

 MSC India is celebrating winning an award at a prestigious trade event. The agency took the prize for Container Shipping Line of the Year India - Europe Trade Lane in the 7th All India Maritime and Logistics Awards.   Held at the St Regis Hotel in Mumbai

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