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Strong Year

Monico Promotes Walker Sales VP

Following another strong year for the company, President and CEO, Doyle Taylor, has promoted his Vice President of Sales, Allen Walker, to Vice President and General Manager of the Monico Monitoring, Inc. Taylor brought Walker on board in September of 2012 as Vice President of Sales to oversee the company’s ever-growing product sales and expanding sales staff, to utilize his business and management experience to bring more structure and drive to the company’s sales process and to grow international sales. After just one year in the position, Walker has exceeded expectations. Prior to joining Monico, Walker served as Vice President of Global Sales for PECOFacet and Managing Director of Facet Deutschland GmbH, both Clarcor Companies, and was also an officer of Perry Equipment Corporation.  He brought to Monico more than 25 years of experience in engineering, operations, sales and general management.

Port of LA Breaks Record

For the second consecutive year, the Port of Los Angeles experienced record-breaking exports as outbound container volumes surged 14.5 percent in 2011 compared to 2010. Imports also increased 2.3 percent compared to the previous year. Total annual volumes, including empty containers, rose 1.4 percent. Complete statistics are available here. “We’re fortunate to have stronger year-over-year results in 2011 but we are not resting on our laurels as the nation’s premier trade

KVH Industries Q1 2010 Results

KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the first quarter ended March 31, 2010. Revenue for the first quarter of 2010 was $28.0 million, up 53% from the quarter ended March 31, 2009. Net income for the period was $2.1 million, or $0.14 per diluted share. During the same period last year the company reported a net loss of $2.6 million or $0.18 per diluted share, on revenues of $18.3 million.

Schlumberger Announces Q1 Results

Paal Kibsgaard

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.59 billion—a decrease of 11% sequentially but an increase of 23% year-on-year.  Diluted earnings-per-share from continuing operations, excluding charges and credits

Hempel Records Strong Year

Hempel in 2006 was able to take advantage of its leading market segment positions, continuing sustained growth to deliver a 19 percent increase in revenue versus 2005. The Hempel revenue figure was a new record level of EUR 780 million. Operating profit was up 36% to EUR 61 million from EUR 45 million and net profit was up 23% to EUR 37 million from 30 million for the same period last year. With the higher levels of trade and construction activity worldwide, Hempel was able to increase

General Ship Repair: A Family Affair

A Lynch Legacy  From L to R: Michael Lynch, Ryan Lynch, Charles “Chaz” Lynch, Charles F. “Derick” Lynch & Cary B. Lynch.

The General Ship Repair Corporation, a fixture on the Baltimore water front for nearly a century, continues to build a strong business while preparing for fourth generation ownership.  General Ship Repair Corporation is as ubiquitous of a presence on the Baltimore waterfront as Under Armour, Domino Sugar and “Natty Boh.” General Ship Repair has stood strong for nearly a century since its founding by Charles “Buck” Lynch in 1924

Boskalis Posts Record Profits

Peter Berdowski, CEO. Pic with compliments from Boskalis

  Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014.   Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion).   EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 per cent at EUR 652 million (2013: EUR 463 million).   Across the board, 2014 was an operationally strong year with in addition a large number of exceptional items for a total amount on

Liebherr Mobile Harbor Crane Review 2012

LHM 500 Nutep_Russia.jpg

In 2012 Liebherr Mobile Harbor Cranes achieved the highest annual turnover in history.   In addition to this remarkable success, Liebherr received the IBJ Innovative Technology Award and the State Prize Clean Technology Austria, acknowledgements for its innovative strength and environmental awareness. Moreover, Liebherr reached a remarkable milestone with the delivery of its 1000th mobile harbour crane.   Proved excellence in cargo handling

Oman Drydock Announces Strongest Year of Trading

Oman Drydock ariel view

The Oman Drydock Company (ODC), one of the Middle East’s newest and biggest shipyards, is announcing its strongest year of trading. The shipyard undertook 75 drydockings and repairs in 2013 taking the total number to 190 since the yard which was opened in Duqm in Central Oman in 2011. ODC also saw staff numbers increase to more than 2,000 in 2013. The vessels ODC has worked on include Very Large Crude Carriers (VLCCs), crude oil tankers, container ships, LNG and LPG carriers

AVEVA Trading Update

Overall the Group's interim results for the six months ended Sept 30, 2008 are expected to show strong growth over the same prior year period. The Group continues to experience strong demand in each of its principal end user markets of oil and gas, power and marine. Geographically Asia Pacific and Central Eastern & Southern Europe remain particularly strong with good customer wins across all our main markets. With a less pronounced split of profits expected between the first and second

Tsakos Fixes Three LR2s on Timecharter

Photo: Tsakos Energy Navigation Ltd

 Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax tankers to a major European oil concern for crude trading operations. The total gross revenues from these three fixtures are

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

N. Asia Snaps up Russian Crude Oil

Mideast crude freight to Japan highest since 2010. North Asian refiners have snapped up Russian crude oil loading in the last two months of this year to meet peak winter demand as Middle East and West African grades have become more costly after freight rates hit multi-year highs

Volvo Ocean Race Partners with Yacht Racing Forum

Photo: Volvo Ocean Race

 The Volvo Ocean Race has agreed a three-year partnership with the Yacht Racing Forum.   "We are delighted to welcome the Volvo Ocean Race as a long-term partner,” said Bernard Schopfer, the event’s CEO.  

Turkey Launches Amphibious Ship

Image Credit: AA Photo

Turkey launched the 140-meter amphibious ship "Bayraktar," the first of two vessels that are part of a domestic Landing Ship, Tank (LST) project, reports Local media.   The two ships boast local design and construction and are aimed at meeting the operational requirements of the

Transatlantic Eastbound Rates Fall

Photo: CMA CGM

 Transatlantic eastbound chemical freight rates dropped slightly this week on a continued lull in the spot market, ICIS reports  brokers as saying. It was the second drop in as many weeks.   The latest SSY Base Oil Shipping Report noted that eastbound rates “took a tumble

New Chair for Townsville Port

Renita Garard is the new chair of Port of Townsville

  The Palaszczuk Government has appointed one of Queensland’s most respected businesswomen, Renita Garard as the new Chair of the Port of Townsville. In a statement released earlier today, Acting Premier Curtis Pitt said that Ms Garard was being appointed at a pivotal time in Port

MN 100: The General Ship Repair Corporation


The General Ship Repair Corporation, a fixture on the Baltimore, Maryland waterfront for nearly a century since its founding by Charles “Buck” Lynch in 1924, has become the de facto ‘go to’ for workboat repair in the Baltimore area and is enjoying a strong year

Asia Dry Bulk-Capesize Rates Impacted by China Holidays

Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said.

Crowley Acquires Jones Act Tankers

Crowley Takes Delivery of First of Four New, Jones Act Tankers from Aker Philadelphia Shipyard

  Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA. The delivery is momentous not only for Crowley

Nicaragua Canal Project Fraught with Risks

Nicaragua's planned $50 billion canal project is "fraught with risks and uncertainties," and could cause more harm than good unless the government and its Chinese builder fund a host of mitigation measures, an environmental consultancy said.  

Hapag-Lloyd, Maersk Partner on Dangerous Goods Safety

Hapag-Lloyd’s Berlin Express (Photo: Hapag-Lloyd)

Hapag-Lloyd and Maersk Line have agreed to cooperate in increasing the safety of dangerous goods following a meeting today in Hamburg in which Maersk Line showed interest to implement a tracing system similar to Hapag-Lloyd’s watchdog program into its business processes.  

IRS Scores High with US Coast Guard

The U.S. Coast Guard (USCG) has placed the International Register of Shipping (IRS) in the top bracket of those recognized organizations (RO) that consistently achieve zero detentions for its registered vessels for the third time in just six years.   

MOL's Vessel Safety Campaign Launch Tomorrow

Scene from the previous campaign

  Mitsui O.S.K. Lines, Ltd. today announced the launch of its biannual vessel safety campaign on October 1, targeting all MOL-operated vessels. The current campaign centers on prevention of onboard fires. MOL positions safe operation as a social commitment and the highest priority in all

Completed GMS Scirocco Gets first Contract

GMS Scirocco

  Gulf Marine Services the provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, informed that the newly-built GMS Scirocco has been completed ahead of schedule and under budget and has been awarded its first

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