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Strong Growth

Northrop Grumman Q1 Profit Up 20%

According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems. (Source: The Associated Press)

New CEO for Evergas

Mr. Steffen Jacobsen is appointed as CEO courtesy Evergas

  Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk. He brings a wealth of leadership experience in both commercial and technical management, having amongst other positions headed Maersk Tankers fleet management for 9 years. Before that he held both operational and commercial leadership positions in Maersk Tankers, Maersk Contractors and Maersk Drilling.

P&O Business Remains Firm

British shipping firm Peninsular and Oriental Steam Navigation Company said that overall trading conditions at its core ports, ferries and logistics businesses had remained firm in the fourth quarter. The company, which de-merged its cruise business last year, highlighted strong growth in its ports unit but said trading in the ferry business had been "reasonable" despite higher fuel costs. Contract logistics had a good fourth quarter though the weakness of the euro hurt unit loads

ABB Wins LNG Propulsion Contract

Chantiers de l´Atlantique, ALSTOM Group, has awarded ABB Marine a contract to supply the electric propulsion system for a new 153,000 cu. M. LNG carrier, owned by Gaz de France. The vessel will be built in France by Chantiers de l´Atlantique and delivered in 2005. The supply of medium voltage power systems to LNG carriers has been a strong growth area for ABB. According to Martinus Brandal, head of ABB´s global Marine business, “In the last three years

Royal IHC sells Subsidiary IHC Sealing Solutions

The SUPREME Standard. (Photo: IHC Sealing Solutions)

Royal IHC (IHC) has reached an agreement to sell 100% of its shares in its subsidiary IHC Sealing Solutions to new owners Willem Steenge, who as CEO is partly responsible for the strong growth of IHC Sealing Solutions in recent years, and Rabo Participaties (RaPar).   The sale enables IHC to strengthen its focus on its core business: offering integrated innovative vessels, advanced equipment and life-cycle support to the dredging, wet mining and offshore construction industries

Port of Rotterdam Records Strong Growth

Throughput figures for the port of Rotterdam continue to show strong growth. In the first 9 months of this year, 277 million tonnes of cargo were handled, 4% more than in the same period of 2004. Growth is above the prognosis for this year as well as the expectations for the longer term, of 2–3 %. Container handling is doing even better with +14%. In weight, container handling went up from 61 million tonnes in 2004 to 68 million tonnes (+12%)

Schottel Expands in N America


Over the last years Schottel has enjoyed a strong growth in North America as well as in Latin and Central America. The “Schottel Fleet“ is growing rapidly and new facilities are needed. Schottel Inc.’s main office in Louisiana has recently moved from Harahan to James Business Park in St. Rose where larger facilities can store more spare parts and overhauls being performed more efficiently. The new address: Schottel Inc., 190 James Drive East, Suite 100, St. Rose LA. 70087

World Floating Production Report Due Soon

Douglas-Westwood Limited and Infield Systems will shortly be releasing the new third edition of its World Floating Production Report,covering the period 2003-2007. There are currently 165 prospective installations identified by the Infield database for this 5-year period. These prospects include FPSOs, production semi-submersibles, TLPs and spars, along with production barges and FSOs. The indications are that the floating

US Could Eliminate Energy Imports -EIA

Figure 1 (Source: EIA)

EIA's AEO2015 projects that U.S. energy imports and exports come into balance, a first since the 1950s, because of continued oil and natural gas production growth and slow growth in energy demand   The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price

US Containerized Imports Up 9.7 Percent in July 2012

Faster container import growth forecasted for remainer of 2012 in Journal of Commerce/PIERS market survey. U.S. containerized imports surged 9.7 percent in July from a year earlier, to 1,562,235 twenty-foot-equivalent units, on strong growth in auto parts and furniture. The growth — imports also advanced 6.2 percent over June — marks impressive expansion of the import trade, especially considering last July's year-over-year drop of 5.2 percent, said Mario O

Royal HaskoningDHV Opens Office in Ho Chi Minh City

Royal HaskoningDHV celebrates its news office in Ho Chi Minh City and 30 years of operations in Vietnam. Courtesy Royal HaskoningDHV

  International engineering and project management consultancy Royal HaskoningDHV has celebrated the opening of its new office in Vietnam in a ceremony which also marked 30 years of operations in the country. The event was attended by Mr Simon van der Burg

DP World's Plan to Tackle Africa's Infrastructure Gap

DP World Chairman HE Sultan Ahmed Bin Sulayem

  A five point plan to help tackle Africa’s infrastructure gap is among the findings of a new DP World report to be unveiled at the Africa Global Business Forum this week.   Public private partnerships, domestic bond financing

Norautron Group AS acquires Hatteland Display AS

 We are excited about becoming a part of the Norautron Group, said Trond K. Johannessen, President & CEO of Hatteland Display

Norautron Group has entered into an agreement to acquire 100% of Hatteland Display from Herkules Capital. Hatteland Display's history dates back to 1989, and the company is now a leading designer and manufacturer of high-end rugged displays, panel computers

APM Terminals Diversifies into Non-containerised Cargo

APM Terminals CEO Kim Fejfer and Qingdao Port Group Chairman Zheng shake hands on deal photo by APM

  The APM Terminals Global Terminal Network will enter China’s fastgrowing grain import market as part of a joint venture with Qingdao Port International, continuing APM Terminals’ ongoing expansion into port and terminal operations outside containerised cargo handling.

Company Profile: Offshore Inland

Global 1200 WEB.jpg

Longer Docks; Deeper Water in Pensacola With Offshore Inland Marine & Oilfield Services Inc (OIMO), a leader in topside and riding crew repair services, experiencing strong growth before the drilling market softened, the company knew its days in Mobile, Ala

Trelleborg Acquires US Marine Fender Company

Photo: Maritime International

Swedish based Trelleborg AB has finalized the acquisition of Maritime International, Inc., a U.S. based privately owned designer and manufacturer of marine fender systems and other quay accessories. The transaction will be consolidated as of October 15, 2015.  

Antwerp Port Sees Record Growth

Image Antwerp Port

  The port of Antwerp handled 156,515,552 tonnes of freight in the first nine months of this year, up 5.5% on the same period last year. The steady growth in the volume of container freight (up 8.0% in TEU, 5.4% in tonnage) and of liquid bulk (up 7

Container Shipping: Volumes Up, But...

Graph: BIMCO

 The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline, though

SCPA Box Volumes Up; Leadership Realigned

On the heels of announcing its five-year growth, investment and cargo base expansion plans at the State of the Port, South Carolina Ports Authority (SCPA) reported a four percent increase in August container volumes over the same month last year.  

Andersen will be CEO of Hempel

Henrik Andersen

  Hempel A/S announced that CEO Pierre-Yves Jullien will be succeeded by Henrik Andersen, Group COO of ISS A/S, by March 1st 2016.   Henrik Andersen has been with ISS A/S since 2000, since 2011 as Member of the Executive Board, first as Group CFO and from 2013 Group COO

DP World Profit Up 22%

DP World Chairman, Sultan Ahmed Bin Sulayem

  Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of the Company before separately disclosed items of $405 million, up 21

Adani Ports Consolidated PAT for Q1FY16 Up 13%

Photo Adani Port

  Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter ended June 30, 2015. Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16

Dublin Port Gets Approval for ABR Project

Photo Dublin Port

  Dublin Port Company today welcomed the decision by An Bord Pleanála to grant permission for the Alexandra Basin Redevelopment (ABR) Project which will transform Dublin Port’s infrastructure and enable it to service the economy for decades ahead

$ 10 mi Infusion to Fuel Growth of Satcom Global, AND Group

“ BGF’s investment enables us to make the next step in fulfilling the long-term growth strategy of BSS, allowing us to address additional growth opportunities & partnerships across key geographies & specific market segments

  Broadband Satellite Services Ltd (BSS), parent company of satellite communications provider Satcom Global and marine engineering firm AND Group, has received a $10m investment from UK based organisation, Business Growth Fund (BGF).

Savannah Port Sets Cargo Record

Port of Savannah. Photo: Georgia Ports Authority

 Port of Savannah set records for both container volumes and total tonnage in May, with the highest tonnage ever recorded in a single month.   The Port of Savannah has handled more than 338,000 TEUs, the Georgia Ports Authority said Monday. The container throughput represented a 16

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