Dutch broker Amstgeld cut is recommendation for Dutch shipbuilding and engineering group IHC Caland to "Underperformer" from "Neutral". Amstgeld said it expected the company to show a "gap" in 2001 profits, as no major floating production and storage unit orders were recorded in the second half of 2000. Although the company will profit from a renewed surge in the oil and gas sector, shares will be hit by the disappointing 2001 situation, Amstgeld said in a note to investors. – (Reuters)
IHC Caland reported that it had won new orders recently worth more than $100 million and would continue to meet its banking covenants. J.P. Morgan had said in October that IHC's high gearing implied the risk of a possible breach of its debt covenants. The group, whose main activity is building and operating floating production and storage platforms (FPSOs) for oil companies, also said on Tuesday that U.S. oil major Exxon Mobil Corp
Dutch IHC Caland NV said on Monday preliminary net profit rose eight percent in 2000, and reflected on a "difficult and often frustrating year." Net profits are expected to be 75 million euros ($69.4 million), compared with 69.5 million in 1999. The figure came in at the low end of analysts expectations, but at exactly the level the company predicted in September. Company watchers had forecast the company's net profits would be 75.3-77.2 million euros, with a consensus at 76.3 million euros
Indofin Group, the investment company, owned by the De Bruin family, has acquired a majority shareholding of 62% in IHC Merwede. Rabo Capital (10%) and IHC Merwede management and staff (28%) are the other principal shareholders. Indofin has obtained this significant stake in IHC Merwede by partially taking out each of its coshareholders. Indofin’s Chairman, Cees de Bruin, said, “We have already been a shareholder of this great company for eight years and we are in full support
The National Association the Zonnebloem has chosen the Merwede Shipyard to build the new holiday ship for the sick and handicapped. The contract was signed on November 4 at the shipyard in Hardinxveld-Giessendam. The plan is to start work at the yard in spring 2005 on building the new holiday ship of the Zonnebloem. The first holiday makers will be able to board the ship in March 2006. Ton Rietdijk, director of Merwede Shipyard, is enthusiastic about the new commission
IHC Merwede B.V. launched its first regional office in Singapore. The setting up of this 38,000-sq.-ft. facility is part of IHC Merwede’s global strategy to provide its customers with optimal life cycle support and leverage upon the expanding Asia Pacific dredging and offshore markets. “With the rapidly increasing worldwide demand for oil and gas, we are seeing exciting opportunities, particularly within the Asia Pacific region. We are targeting to capture over 55%
IHC Merwede will exhibit a broad range of its innovative vessels, advanced equipment and lifecycle support activities at stand number 2625 at the forthcoming Offshore Technology Conference (OTC) 2012, which runs from April 30 to May 3 in Houston. As a supplier of custom-built vessels and equipment for the offshore market, IHC Merwede is renowned for focusing on the development of integrated solutions, as highlighted by its position as “the technology innovator
IHC Merwede is pleased to announce that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200million. The latest agreements confirmed by IHC Merwede include: a new pipelaying vessel for Subsea 7; a trailing suction hopper dredger for Weeks Marine Inc. (USA); an environmentally friendly deepwater dredger for Zheijang Dredging (China); and a 5
IHC Merwede officially opened its new Singapore office at the PSA Building today. The Singapore base will be the corporate headquarters for IHC Offshore & Marine’s Southeast Asia businesses, as it further expands its footprint in the region. IHC Merwede already has an IHC Parts & Services office in Jurong, which manages its life-cycle support operations. The new venture will focus on promoting IHC Merwede’s offshore and marine vessels and technology solutions
IHC Merwede has secured orders worth €350 million for a wide range of dredging and offshore vessels and equipment. The company’s Dredging division has confirmed new contracts for the delivery of a large custom-built trailing suction hopper dredger, 13 units that will be supplied by IHC Beaver Dredgers and a cutter suction dredger training simulator. The Offshore division has also announced orders for the construction of a 300-metric-ton pipelaying vessel
Royal IHC said it has been awarded a contract for the design, construction and delivery of a 164m-long, 44,180kW self-propelled cutter suction dredger (CSD) for DEME in Belgium. The vessel, Spartacus, will be built in the Netherlands for summer 2019 delivery.
After 10 years and more than 100,000 operating hours dredging up silt, sand, rocks and stones in some of the toughest marine environments imaginable, the Thordon Composite bearing installed on the Al Mirfa’s dredge cutter head shaft has emerged unscathed.
Modus Seabed Intervention has successfully completed trialling one of the subsea industry’s first commercially available hybrid unmanned underwater vehicles. It will be one of the first autonomous underwater vehicles (AUVs) to feature the capabilities and characteristics of a remotely
DEME Group’s second LNG-powered trailing suction hopper dredger (TSHD) Scheldt River is part of a new generation of dual fuel hoppers that set out to achieve new standards in environmental performance. Launched January 14 at Royal IHC's shipyard in Krimpen aan den IJssel
The launch ceremony of DEME’s 7,950m3 dual fuel trailing suction hopper dredger (TSHD) –SCHELDT RIVER – took place on 14 January at Royal IHC's shipyard in Krimpen aan den IJssel, The Netherlands. “After the successful launch of the world’s first LNG-powered
In the last two months of 2016, IHC saw a substantial increase in the sale of its vessels, equipment and engineering packages. Almost half of the total order intake over 2016 was secured in this period. “We see market recovery in the dredging and renewables industry
The launch ceremony of DEME’s 3,500m3 LNG-powered trailing suction hopper dredger (TSHD) MINERVA took place on 3 December at Royal IHC's shipyard in Kinderdijk, The Netherlands. The official name giving and christening ceremony will take place in the spring of 2017 in Zeebrugge, Belgium.
Royal IHC has announced they have signed a contract with Shanghai Salvage in China for the supply of an integrated 550t Reel lay system. This will be the first Reel lay system in the Chinese market and will be one of the largest and most sophisticated Reel lay systems worldwide.
Royal IHC has signed a contract for the design, construction and delivery of a 4,200m3 trailing suction hopper dredger (TSHD) with Administración Nacional de Puertos (ANP) in Montevideo, Uruguay. The contract was signed by Mr Alberto Diaz Acosta, President of the Board of Directors of ANP
On November 10, DEME and Royal IHC have been awarded a DPC Innovation Award for the world’s first liquefied natural gas (LNG)-powered Trailing Suction Hopper Dredgers (TSHD). The DPC Innovation Awards consisted of 13 categories looking at the most innovative and forward-thinking projects
Dhaka-based business conglomerate DBL Group has recently launched its dredging business, DBL Dredging. To support its entry into this new market it ordered two IHC Beaver 50 cutter suction dredgers (CSDs), and two Delta Multi Craft (DMC) 1050 work boats.
Royal IHC has appointed Arie Vergunst as Chief Financial Officer as of October 1, 2016. Vergunst succeeds Dave Vander Heyde, who became CEO on September 1, 2016. Vergunst has worked at IHC since June 2007 in several financial positions, both at holding level as well as in the business
The inauguration of an IHC dredging simulator was held at Transnet’s Maritime School of Excellence in Durban, South Africa on Friday 2 September. The launch marked the start of a new dredge training programme to develop and enhance the knowledge and skills of local dredging personnel.
The Port of Rotterdam is pioneering a new technology it says will make the port smarter: a water drone. Ever since the 'insane' plan of Pieter Caland to build the Nieuwe Waterweg, new solutions that make the port of Rotterdam smarter, more efficient
Africa’s first ever dredging simulator was launched in the port city of Durban, South Africa – another positive spin-off of ongoing collaboration between Transnet National Ports Authority (TNPA), the Transnet Maritime School of Excellence (MSoE)