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Aker Solutions Revenue Steady

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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


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


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.


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


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.


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.


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


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


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


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


Revised PREP Guidelines: What You Should Know

Kate Kelley

On April 11, 2016 the U.S. Coast Guard (USCG) released the revised 2016 National Preparedness for Response Exercise Program (PREP) Guidelines. The new guidelines will become effective on June 10, 2016. Established under the Oil Pollution Act of 1990


USS Carney Rescues 97 Migrants in Mediterranean

A visit, board, search and seizure team from the guided-missile destroyer USS Carney (DDG 64) approaches a migrant vessel in the Mediterranean Sea. (U.S. navy photo by Chief Information Systems Technician Wesley R. Dickey)

The Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) aided in the rescue of 97 migrants adrift in the Mediterranean Sea, July 29. Carney is forward deployed to Rota, Spain, and is conducting a routine patrol in the U.S. 6th Fleet area of operations in support of U.S


BMT to Lead Repower for Historic USCG Eagle

The U.S. Coast Guard barque Eagle sails in the Atlantic Ocean on Thursday, July 30, 2015. (U.S. Coast Guard photo by Auxiliarist David Lau, Public Domain)

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.S. Coast Guard training barque, EAGLE.   The $1.5M (approx


VesselValue.com: $28.4B Worth of Ships Delivered to Date

(VesselValue.com)

As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered.  


Alfa Laval Dips on Q2 Profit, Margin

File Image: Alfa Laval

Q2 adjusted EBITA SEK is 1.39 bln vs year-ago 1.82 bln and 1.44 bln seen in Reuters poll.   Other highlights include:   Q2 adjusted EBITA margin 15.6 pct vs year-ago 17.8 pct and consensus forecast 16.3 pct Q2 net sales decreased to SEK 8.95 bln vs year-ago 10


Steel Cut for Holland America Line’s ms Nieuw Statendam

Holland America Line celebrated a significant construction milestone today as the first steel was cut for ms Nieuw Statendam, due for delivery in November 2018. The ceremony took place at Fincantieri’s shipyard in Palermo, Sicily, Italy


Myanmar accedes to CLC Protocol

Photo: International Maritime Organization (IMO)

 ​Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC).    The efforts to bring the legislation into national law followed the participation of Myanmar at a five-day workshop hosted


Orca ESS Retrofit for Norwegian Research Vessel

Image: Corvus Energy

Corvus Energy’s next generation Orca ESS has been selected by Halvorsen for the retrofit of the fisheries and environmental research vessel MS Johan Hjort.   Halvorsen Power System AS has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a


Bangladesh Ship Recycling Project Makes Good Progress

Photo:  International Maritime Organization (IMO)

 ​Stakeholders have been updated on progress made by the safe and environmentally sound ship recycling in Bangladesh (SENSREC) project - Phase I.   The project is being executed and implemented by  International Maritime Organization (IMO)  and funded by the Norwegian Agency


This Day In Naval History: June 21

1898 - During the Spanish-American War, the cruiser USS Charleston captures the island of Guam without resistance from Spain, because the Spanish Navy had no sufficient ammunition for defense.   1919 - The German navy scuttles its own fleet at Scapa Flow. After the Nov


India Invites Comments on Shipbreaking Code Changes

Ship breaking yard in Alang, Gujarat. Photo captured from Youtube video.

 The proposals being considered for modifying the Shipbreaking Code, 2013 include allowing ports to define the location and permitting breaking of larger passenger liners.   In pursuance of the directions of the Hon’ble Supreme Court in CWP 657 of 1995


Kvichak Delivers for the NYPD

Photo: Kvichak Marine Industries

Kvichak Marine Industries informs it continues to expand production of its high performance vessel line with delivery of another Response Boat - Medium Commercial   Kvichak, a Vigor company, delivered a fourth, 45-foot Response Boat - Medium C (RB-M C) to its longtime customer


FUSION Partners Axopar Boats

Courtesy Fusion

FUSION, announced today that it signed a partnership with Axopar Boats. Under the terms of the agreement, the full range of Axopar boats will be offered with FUSION audio entertainment including the MS-BB300 Black Box Entertainment System, MS-NRX200i Wired Remote Controller






 
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