Mitsubishi Heavy Industries Ltd, said it has received orders for 23 vessels totaling 1.48m gross tons in 2006, up from 21 vessels weighing 1.08m gross tons a year earlier. On a deadweight tonnage basis, orders reached 1.20m tons this year, rising from 1.12m tons in 2005. There were five new ships ordered in Japan during the year, totaling 56,792 gross tons or 24,696 deadweight tons, compared to five vessels last year which reached 90,510 gross tons or 42,688 deadweight tons. Offshore orders for new vessels increased to 18, weighing 1.43 mln gross tons or 1.18 mln deadweight tons, from 16 in 2005 with a combined weight of 991,340 gross tons or 1.08 mln deadweight tons. Source: Forbes
Fuglesangs Ltd AS in Norway has seen an increase in demand for their dosage systems used on seagoing vessels. These systems are used by world-leading system builders (OEMs) and shipowners for several purposes, including ballast water treatment, fresh water treatment, exhaust gas cleaning, low sulphur fuel oil boosting and other. Various systems have been supplied to more than 20 ships and the orderbook is steadily increasing.
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed. Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared to just 10 vessels from this sizeband for the whole of 2010 and zero of this size in 2009. This year’s containership orders add 765,000TEU to the post-panamax boxship orderbook
Aker Yards ASA reported a record high EBITDA $62m for the second quarter of 2006, an increase of 59 percent compared with the second quarter of 2005. The total order backlog was $9.8b at the end of the quarter, comprising 126 vessels. Aker Yards had revenues of $996m in the second quarter of 2006, an increase of 52 percent compared with $658m in the corresponding period of 2005. High activity in all three business areas and the acquisition of two yards in France contributed to the positive
International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 percent but the corresponding figure for container vessels was only 6.5 percent. Bulk prices showed a firming almost equal to that of tankers
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Rising capacity is being driven by anticipated tonnage demand growth in the dirty tanker market, which is expected to gather momentum once US shale oil production starts shrinking
Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions
Aker Kvaerner experienced a positive first quarter with an EBITDA of NOK 376 million, reflecting an increase by 20 percent compared to the corresponding quarter last year. The previously stated target of an annualised EBITDA of NOK 1.5 billion in the first half of 2005, was achieved in the first quarter. Few major contracts were announced in the first quarter, but a steady stream of orders resulted in a satisfactory order intake and brought the order backlog to a record-high level of NOK 37
Stable Development in the fist half of 2013 Second Quarter Highlights: • Order intake decreased 11% to EUR 1,071 million (1,198) • Net sales increased 5% to EUR 1,152 million (1,099) • Book-to-bill 0.93 (1.09) • Operating result EUR 111 million, or 9.6% of net sales (EUR 113 million or 10.3%) • EBITA EUR 119 million, or 10.3% of net sales (EUR 123 million or 11.2%) • Earnings per share EUR 0.39 (0.38)
Bollinger launched Double Eagle, the second of ten GPA 654 PSVs ordered by Rigdon Marine in January 2006. With this multi-vessel order, Rigdon’s GPA-designed fleet has increased to 20 PSVs, including 10 GPA 640s. Like her sister vessel “First and Ten”, which was launched earlier this year, the Double Eagle has already been chartered by a leading US independent oil company to serve the offshore industry immediately. The design of the DP2- and FFV1-certified GPA 654s
Kalmar, part of Cargotec, is to deliver nine diesel-electric straddle carriers to EUROGATE, Europe's leading shipping line-independent container terminal operator, for use in their Hamburg Container Terminal. The order was booked in Cargotec's 2016 first quarter order intake
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and part of Adani Group, has announced the financial results for the fourth quarter and year ended March 31, 2016. Consolidated cargo across all ports handled by the company was 152 MMT
The Damen Shipyards Group’s Fast Crew Supplier (FCS) 2610 is proving to be every bit as effective in the oil and gas sector as it is in the offshore wind industry. The application of the renowned design in this arena is a response to a move in offshore O&G towards the high-intensity use
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Spot freight rates on the world's busiest routes soared as a
On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager, held a ground breaking ceremony for a new multimillion dollar, 120,000 square feet manufacturing plant.
Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a key role here is the new HTG (High Torque Gear) gearbox technology developed and patented by SCHOTTEL.
Cargotec's January-March 2016 interim report: Profitability improved according to target * Strong order intake in Kalmar and Hiab * MacGregor profitability satisfactory considering current market situation * Strategy execution proceeding as planned
Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period. Adjusted EBITDA meanwhile was $284 million with an Adjusted EBITDA margin of 38 percent
Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.
MacGregor has received orders from two Japanese yards to deliver comprehensive RoRo access equipment packages for four car carriers. The equipment will be delivered during Q3 in 2017. The orders are booked into the first quarter 2016 order intake.
ExxonMobil has compiled five ‘top-tips’ to help vessel operators effectively switch fuels when entering and exiting Emission Control Areas (ECAs) without introducing maintenance issues. ExxonMobil highlights that switching fuels at correct time is key to meeting 0
As the U.S. prepares to enter the European gas markets with its first delivery of liquefied natural gas, Norway and Russia are expected to increase production to lower prices and make exporting less desirable to the U.S., reports Daily Sabah.
According to a regulatory filing, Hyundai Heavy Industries (HHI) racked up 10.2728 trillion Korean won in sales for Q1 2016, a 7.8 percent decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.
Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise, manpower
IRClass, the Indian Register of Shipping, today announced an increase in the range and level of services it provides to the Indian Navy, with the advent of naval vessels in service being maintained in IRClass. “Several types of Indian Naval vessels have been, and are being