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
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
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
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 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
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 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.
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.
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
Winning Brands Corporation announces that Holland America Line is expanding the use of the Winning Brands' Solvent Free Solutions Team to replace conventional Dry Cleaning systems on two more ships, the ms Volendam and ms Zaandam. The earlier conversion of Holland America Line's flagship ms Rotterdam and four of its other ships to a new garment cleaning technology by the same team entirely eliminated the use of toxic Dry Cleaning solvents
Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016; the 64th and the 65th 90’ Inland Towboat to Florida Marine Transporters, LLC of Mandeville, LA
With a view to promote the expansion of port infrastructure and facilitate trade and commerce, the proposed bill aims at decentralizing decision making and to infuse professionalism in governance of ports. The new Major Ports Authority Bill
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced the appointment of 10 Board Members to the Naval Shipbuilding Advisory Board, chaired by Professor Donald Winter. “The establishment of the Advisory Board is an important milestone in the Government’s naval
The ferry MS Chi-Cheemaun has been a staple of Georgian Bay for over 40 years. A $2.4-million renovation to convert the cafeteria into a fine dining area was completed in time for her re-entry into service for the 2016 sailing season. The interior design takes a completely new approach to
The Norwegian Cruise Line (NCL) ship Norwegian Jade will set sail from Port Tampa Bay during the upcoming winter cruise season. Port Tampa Bay officials welcomed the 2,402-passenger ship for the 2016-2017 fall/winter cruise season.
A recent visit to Cabo Verde November 30 to December 6 by the International Maritime Organization (IMO) provided an opportunity to meet various government agencies involved with maritime security and discuss the country’s future role in regional maritime security activities.
The popular five-star expedition ship, the MS HANSEATIC is set to remain in the Hapag-Lloyd Cruises fleet for six more months, until the end of September 2018. The first of the Germany-based cruise provider’s two new expedition ships will be launching in April 2019
United European Car Carriers (UECC), daughter company of Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, signed a contract in 2014 for the construction of two dual fuel LNG Pure Car and Truck Carriers. The first vessel, de ms AUTO ECO
APL improved its performance in the first three months under the ownership of CMA CGM Group in a challenging market. APL’s 3Q 2016 volume rose almost 9.9% to 1.3 million TEUs (vs. 3Q 2015). This organic growth was driven by more than 20 co-operations on new and enhanced
Cruising on pleasure boats goes back a long way on the large lakes of Central Europe. There has been a so-called White Fleet in Switzerland for more than 175 years. Now, the Lake Lucerne Navigation Company’s (SGV) latest generation of passenger boats has the countenance of a superyacht
Norwegian explorer cruise line Hurtigruten is to build two new expedition ships using a new and environmentally sustainable hybrid technology from Rolls-Royce making fully electric propulsion on a passenger ship possible. The Rolls-Royce designed MS Roald Amundsen and MS Fridtjof Nansen
Investments made by the Government of Canada and the Montréal Port Authority to enhance the Port of Montréal’s infrastructure will make the global movement of goods more fluid, create direct and indirect jobs in transportation systems across the country
The Department of the Navy recognized more than 50 acquisition professionals for exceptional efforts in the acquisition field during a Pentagon ceremony Nov. 17. Hosted by Assistant Secretary of the Navy (Research, Development and Acquisition) Sean Stackley
As Cruiseport Boston closes out its successful 2016 season, 2017 is already shaping up to be a record year with 151 calls scheduled for next cruise season. The 2016 season saw 115 calls by a record 32 unique ships with ten maiden calls to the port
The tallest port crane in North America was recently raised to that height by ZPMC, which raised the crane 33 feet (10.08 meters) to prepare for Ultra-Large Container Vessels calling at APM Terminal’s Pier 400. In a landmark project that kicked off July 1, 2016