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)
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
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
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
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%)
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
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
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
Fuelled by the order boom in international shipping, the tonnage classified by Germanischer Lloyd has grown to more than 50 million gross tonnage (GT). This is a milestone in the history of the classification society, which attends to the safety of over 5,730 vessels worldwide. "We are deeply grateful to our customers at home and abroad for this growth," said Executive Board Member Rainer Schöndube. "Over the past eight years, we have been able to double the fleet in class."
The Georgia Ports Authority opened calendar year 2014 with a strong January, achieving gains of 12.5 percent in twenty-foot equivalent container units (TEUs) and 7.3 percent in overall tonnage, compared to January 2013. "We are encouraged by the strong growth in January that continued a trend that began during the fourth quarter and are hopeful these volumes signal a strengthening U.S. and global economy," Foltz said.
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014. Like-for-like1 revenue grew 11.3% and adjusted EBITDA increased 16
Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015. According to a report by Robert Willmington of IHS Maritime
Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million. ICG's ferry division grew by 14 percent - and its container & terminal division grew by 2.6 percent. Its pre-tax profits were €56
Ireland’s largest bulk port company, Shannon Foynes Port Company (SFPC), announced yesterday the commissioning of the first ports infrastructure project since the turn of the millennium, with a €50million capital investment programme at Foynes.
Hempel has opened its first factory in Africa, its 26th worldwide, to manufacture coatings for the marine as well as decorative and protective industries to serve customers in Sub-Saharan Africa. Further boosting its growth plans, Hempel acquired its South African toll manufacturer
Port Metro Vancouver has released its 2014 year-end statistics, showing its second consecutive year of record-breaking cargo volumes. According to the port, the year was marked by best-ever volumes in the bulk and container sectors, resulting in a record overall year in tonnage
The Port of Hamburg achieved its best-ever result in 2014, reporting total throughput of 145.7 million tons, representing growth of 4.8 percent. Up by 6.1 percent at 102.7 million tons, general cargo throughput was outstanding. A 1.7 percent increase in bulk cargo throughput to 43 million tons
European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says. Combined with the trend for ever-larger ships making fewer unloading stops, this makes risks highest for small- and medium-sized ports
The South Carolina Ports Authority (SCPA) reported that container business rose 12 percent in 2014, a year highlighted by strong volume growth and substantial forward progress on the harbor deepening project. In December the port handled 141,956 twenty-foot equivalent units (TEUs)
Eyeing strong growth in China-Myanmar trade, State-owned China Shipping Container Lines (CSCL) and MCC Transport, a subsidiary of AP Moeller-Maersk Group, plan to launch services direct services from Shanghai to Yangon on January 25. CSCL and MCC Transport will deploy smaller vessels without
EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC) of the FLNG
The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at the heart of measures to offer clients a dynamic Euro-Mediterranean logistics and industrial cluster.
In order to offer a more comprehensive service to shippers and importers in the Philippines, Evergreen Line will team up with Cheng Lie Navigation(CNC) to launch the new China-Philippines Service (CPH). Two ships around 1,000 TEU will be deployed on the new weekly service
Eltorque, a Norwegian manufacturer of electric valve actuators, has experienced strong growth in the last few years, positioning itself as a leading supplier to the OSV and fishery segments in Europe, Asia and in part, Brazil. As the U.S. shipbuilding backlog continues to grow
Seaborne cargo throughput of 110 million tons in the first nine months sets new record for Port of Hamburg With total throughput of around 110 million tons, the Port of Hamburg set a new record in the first nine months of 2014