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
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
Jaya Holdings Limited (“Jaya”) has announced that its wholly owned subsidiary, Jaya Shipbuilding and Engineering Pte Ltd has signed an agreement with IHC Merwede Asia Pacific which enables IHC’s high-specification offshore vessels to be produced by Jaya at its yards in Singapore and Batam, Indonesia. As part of the wide-ranging agreement, IHC Merwede will also provide design and engineering support services to Jaya.
IHC Merwede unveils the IHC Beaver® 65 DDSP, a new IHC Beaver® series standard cutter suction dredger. The IHC Beaver® 65 DDSP, the successor to the highly successful IHC Beaver® 6518, is built for stock with short delivery times and designed and built under the BV Coastal Area classification. With a continuous focus on customer value, the concept of the dismountable standard cutter dredger has evolved
IHC Merwede delivered the Alberto Alemán Zubieta to Autoridad del Canal de Panama (ACP) in Panama City. The formalities were handled by ACP’s Contracting Officer, Mrs. Regina Donelson, after a successful trial period of 30 continuous days on the Panama Canal.
IHC Hydrohammer, part of IHC Merwede has developed and tested a new technology which uses seawater instead of hydraulic oil. This sustainable product development minimises potential oil spill hazards in the marine environment and presents new opportunities for deep-water offshore pile driving
IHC Merwede has successfully launched Subsea 7'ss 550t pipelaying vessel, Seven Waves, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was carried out by Mrs Lucia Andrade, the ship’s God Mother and Subsea 7 Brazil’s Vice President Projects &
IHC Hydrohammer, part of IHC Merwede, successfully used seawater instead of oil as a drive mechanism for the offshore installation industry. The company has developed and tested IHC Waterhammer technology to prepare it for launch to the market.
Following the launch of the IHC Beaver 65 DDSP in February, the first vessel has been sold to Advanced Construction Company, a member of the Al Geithy Group, based in Saudi Arabia. Testing was successful completed at IHC Merwede’s shipyard in Sliedrecht, The Netherlands
IHC Merwede has revealed a healthy net profit margin of 4.1% in 2012 and a positive sales forecast for the year ahead. The company develops and builds vessels, equipment and life-cycle support services for the dredging, mining and offshore industries
The IHC Merwede stand (number 2625) will feature a diverse range of innovative vessels, advanced equipment and life-cycle support activities at this year’s Offshore Technology Conference (OTC). The company is exhibiting at the annual event in Texas, USA
Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir arrived in Rotterdam’s Caland Canal after a journey of almost two months from the DSME shipyard in Okpo, South Korea where it was built. The 210m long and 46.2m wide vessel will move to the Huisman yard in Schiedam
IHC Merwede has launched the first IHC Beaver® 65 DDSP at the company's Sliedrecht shipyard in The Netherlands. The successor to the highly successful IHC Beaver® 6518 is part of the renowned IHC Beaver® series of standard cutter suction dredgers.
IHC Beaver Dredgers, known for standard cutter suction vessels, continues to deliver workboats to complement its dredgers. For example, the company has supplied another Delta Multi Craft (DMC) 1050 to support an IHC Beaver® 1200 for its operations in Nigeria
IHC Merwede extended its product range with the introduction of a new series of IHC Packhorse offshore support vessels at an official launch event in Singapore, organized by IHC Asia Pacific, a subsidiary of IHC Merwede. This latest development reinforces the company’s internationalization
IHC Merwede is building three 550t pipelaying vessels simultaneously at its Krimpen aan den IJssel yard in The Netherlands. The keel-laying ceremony for the first of two identical 550t pipelaying vessels for TL Offshore, a subsidiary of SapuraKencana, took place on Tuesday 15 January
IHC Handling Systems, part of IHC Merwede, has delivered a pile guiding tool for the installation of 80 wind turbine foundations at sea. This innovative tool was designed and constructed by IHC Handling Systems, and then installed on board Seajacks’ new jack-up vessel, ZARATAN, in autumn 2012
René Raaijmakers has been appointed as IHC Merwede’s new Offshore Sales Director. He succeeded the previous incumbent Twan Voogt on 1 December 2012. Mr Raaijmakers joined IHC Merwede’s in April 2012 as Product Director of the Renewables department and Manager of IHC
On Thursday 15 November, the delivery of the 5,500m³ trailing suction hopper dredger, DCI Dredge XIX, took place at Waalhaven in Rotterdam, the Netherlands. The dredger was received by the Dredging Corporation of India (DCI) Manager Mr YSR Murthy three weeks ahead of the contractual delivery