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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

Concept of Container for North Sea Route

Photo courtesy of

  At a meeting of the scientific and technical council of the Central Research Institute of the Navy in St. Petersburg presented the concept of the Arctic Arc container class 7. According to the publication "Maritime News of Russia"

PwC Greece Establishes Maritime Sustainability Center

PwC Greece has  introduced a new team of specialists focusing on sustainable business in the shipping sector, the Maritime Sustainability Center, led by the well-known shipping sustainability expert, Ms. Helena Athoussaki. Working within PwC’s Shipping Advisory Group

South Africa Ports Gear Up for Cruise Season

South Africa’s ports are ramping up for a bumper cruise season with at least eight luxury cruise lines and over ten passenger vessels of varying sizes set to ferry international and domestic tourists across the country’s port cities.  

Maritime Cook Islands Expands Network to India

  Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”), Mr Faust Pinto Jr and Ms Fereshte D Sethna, to serve the growing yacht owning community in the Indian

Abu Dhabi Ports Welcomes New Cruise Season

Image: Abu Dhabi Ports

 As Abu Dhabi's new Zayed Port cruise terminal opens by the end of this year, the number of cruise ships docking in Abu Dhabi is set to increase by a fifth this season, reports the National.    Zayed Port,  a premier cruise hub in the region

Steel Cut on UK Navy’s Newest Warship

Image: BAE Systems

Construction has begun on a new warship for the U.K. Royal Navy as the Minister of State for Defense Procurement, Philip Dunne MP cut the first steel in Glasgow today.   HMS Trent is the third of three River Class Batch 2 Offshore Patrol Vessel (OPV) designed and constructed by BAE Systems

Singapore-issued CoCs need Revalidation


  Holders of Singapore-issued certificates of competency (CoCs) need to revalidate their CoCs to meet the requirements of the 2010 Manila amendments to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW2010) and to be able to serve on

La Spezia CT Wraps up Asian Tour


  Senior executives from Italy’s La Spezia Container Terminal - Contship Italia Group, wrapped up a whirlwind tour of key supply chain hubs in South East Asia and China this week with a presentation and networking event in Shanghai.

Holland America Line Plans Stateroom Facelift

ms Eurodam Neptune Suite rendering (Image: Carnival Corporation)

Cruise ship suites to get cosmetic enhancements, refreshed décor and new amenities   As part of a $300-million brand enhancement initiative, Carnival Corporation’s Holland America Line is planning enhancements to its top staterooms with new furnishings, décor

Virdi Joins GMS' Dubai Operations


  GMS is proud to announce that Ms. Jasvinder Virdi has joined the company to further develop its growth within the industry. Jasvinder comes with a wealth of determination and enthusiasm, as well as experience of working within the shipping industry

Dutch Experts Starts Work on Philippines Coastal Protection Strategy

Tacloban after Typhoon Haiyan.

  International engineering and project management consultancy firm Royal HaskoningDHV is leading a multi-disciplinary team in developing a sustainable coastal protection strategy to reduce flood risks for the cities of Tacloban and adjacent Palo in the Philippines.  

FUSION-Link Remote Control App. Launched

Android version of their popular FUSION-Link Remote Control App.

  FUSION, a worldwide leader in marine audio, announced today the release of a new platform for its FUSION-Link Remote Control app. The app now allows for Bluetooth control of compatible FUSION marine entertainment systems directly from Android mobile devices.

EBDG Hires HR Expert de Rubertis

de Rubertis.jpg

EBDG announced the hiring of Human Resources Generalist, Carolyn de Rubertis in its Seattle office.  De Rubertis brings more than 20 years of experience to her role, as well as a proven track record of strong leadership. De Rubertis' broad-ranging background encompasses expertise in

Sembcorp Upgrades of Pacific Eden and Pacific Aria for P&O Cruises

Pacific Aria and Pacific Eden - Concurrent repair and upgrading of Pacific Aria and Pacific Eden at Sembcorp Marine Admiralty Yard in November 2015. Photo:  Sembcorp Marine Ltd

 Sembcorp Marine, a global leader in cruise ship repair, refurbishment and conversion work, has successfully upgraded the Pacific Eden (formerly Statendam) and the Pacific Aria (formerly Ryndam) at its Admiralty Yard.    The concurrent drydocking of these two cruise vessels at the

Glander Hires Bunker & Lubricant Trader

Ankita Batra

  Glander International Bunkering, a leading, global marine fuel, lubricant trading and brokering company hires Ankita Batra as Bunker and Lubricant Trader for the India office. Ankita Batra joins Glander International Bunkering with a post graduate in the domain of Energy Trading 

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