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M/V MERLIN

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


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.


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


Canada Makes Marine Atlantic Board Appointment

Sharon R. Duggan has been appointed to the board of Marine Atlantic Inc. by the Minister of Transport, Infrastructure and Communities. Marine Atlantic Inc. is a federal Crown corporation that reports to Parliament through the Minister of Transport, Infrastructure and Communities. The corporation provides a constitutionally mandated passenger and commercial marine transportation service between the Island of Newfoundland and the Province of Nova Scotia


New Standard for Vessel Underwater Noise

ISO 17208-1:2016, a new international standard for the measurement of underwater noise from ships, has been published by ISO. The full title of this standard is “Underwater acoustics – Quantities and procedures for description and measurement of underwater sound from ships – Part


Krishnapatnam Port Inaugurates Maersk Salalah Service

Vessel Inauguration Function Photo Krishnapatnam port

Krishnapatnam Port inaugurated yesterday the maiden call of “M V Maersk Bentonville” as part of the direct weekly service from Krishpatnam to Salalah (Oman). The first voyage of Maersk Bentonville discharged 551 TEU’s and loaded 770 TEU’s of exports.


Holland America Line Kicks off Seattle's Record Cruise Season

The Nieuw Amsterdam arrives in Seattle on April 29, 2016 to kick off the 2016 cruise season

The Port of Seattle begins the 2016 cruise season welcoming the first ship call, Holland America Cruise Line’s Nieuw Amsterdam. Larger vessels and more cruises will make this the biggest cruise season ever with nearly one million revenue passengers


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


$55M Berth Upgrade in Townsville Port

Courtesy Port of Townsville

Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project. Treasurer Curtis Pitt said the announcement was great news for the Townsville economy.


Sembcorp Marine posts first Quarterly Loss.

Posts S$535 mln loss vs year ago profit; net order book backlog at S$10.4 billion. Singaporean rig builder Sembcorp Marine Ltd posted its first quarterly loss, hit by writedowns and project delays by its key customers, underscoring the strain caused by plunging crude oil prices.


Drewry Launches e-Sourcing Solution

Drewry, an independent research and consulting firm to the shipping sector, has launched a new e-Sourcing solution for global ocean transport exporters and importers.   The new e-Sourcing Ocean Freight Solution (eSOFS) combines Drewry’s freight rate benchmarking intelligence


FUSION to Feature on Linssen Yachts

FUSION is the worldwide leader in marineaudio engineering

FUSION confirmed today that its industry-leading marine entertainment systems are featured on the premier vessels produced by Dutch yacht builder, Linssen Yachts. Marine equipment and technology distributor Technautic provides Linssen with the latest head units from FUSION Entertainment


APM Terminals Pipavav, Tatas Ink KVY Project Deal

Tata Trust Project Launching Photo APM Terminals

APM Terminals Pipavav one of Western India’s gateway ports, in collaboration with Tata Trust CSPC (Coastal Salinity Prevention Cell) has launched Kharash Vistarotthan Yojana (KVY), a project which aims to strengthen community based institutions through promotion of improved farming practices


Giant Cranes Arrive at Port of Gulfport

Image: Mississippi State Port Authority

 Three new ship-to-shore gantry cranes for the Port of Gulfport are arrivined by ship and the port took delivery.   Manufactured in China at a cost of $30 million, the equipment is designed to meet the port's needs for the next 40 years.  


Austal Lays Keel of EPF 8 Yuma

Mayor Nicholls speaking during the Yuma (EPF 8) keel laying ceremony Photo Austal

Austal celebrated the keel-laying milestone for the Expeditionary Fast Transport vessel Yuma (EPF 8) here today with a ceremony marking a significant milestone in the ship’s construction. This ship is the eighth EPF built at Austal under the 10-ship, $1


MS Europa 2 in Sharjah

Photo: Hapag-Lloyd Cruises

 International cruise liner MS Europa 2 reached the Khorfakkan Port with more than 500 tourists on board.   The luxury liner is the latest making a cruise call at the emirate's east coast ports, which continue to bring in cruise tourists from around the globe.   


Holland America Line Celebrates Official Handover of 'Koningsdam'

Official Handling over of ms Koningsdam Holland America Line

Holland America Line celebrated the delivery of ms Koningsdam with an official Handover Ceremony, luncheon and shipyard workers party aboard the ship Saturday, April 2, 2016, at the Fincantieri shipyard in Marghera, Italy.   In attendance at the ceremony was Italy’s Minister of


Indonesia Blows Up 23 Foreign Fishing Boats

Photo Courtesy: EUROPEAN PRESSPHOTO AGENCY

 Indonesian authorities sank 23 foreign fishing boats on Tuesday (Apr 5), saying they were "operating illegally in the archipelago's vast waters in continuation efforts for anti-poaching", China's Xinhua news agency reported.   


Europe Cargo Handles 9 Tugs

Europe Cargo, the Belgian member of the FPS Group of independent forwarders and NVOCCs, has undertaken the port agency and stevedoring for nine Damen Stan tug boats, being shipped from Shanghai to Gorinchem, Netherlands.   The brand new vessels – five Type 1606






 
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