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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. monicoinc.com


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


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


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


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


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


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


South Carolina Container Volumes Climb in 2014

Photo: SCPA

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), up 14 percent compared to the same month last year. SCPA container volume rose to nearly 1.8 million TEUs in 2014.   


Hapag-Lloyd Swings to Profit in H1 2015

Photo:  Hapag-Lloyd

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.  


VIKING Expanding Australasian Activities

Servicing under VIKING Shipowner Agreement (Generic)

  VIKING Life-Saving Equipment A/S has acquired a part of Australia-based Wiltrading Pty Ltd.’s maritime safety equipment activities effective 1 September. The move strengthens VIKING’s offering in Australasia, adding 4 locations to the company’s global network of


US Rep. Crenshaw Visits Newport News Shipbuilding

Rep. Ander Crenshaw (second from left) toured Newport News Shipbuilding and was briefed on the construction of Virginia-class submarines (VCS) while visiting the shipyard’s Supplemental Module Outfitting Facility. Also pictured (left to right) are Matt Needy, Newport News’ VCS program director; Scott Whitmore, VCS construction superintendent; and Rob Austin, VCS construction director. (Photo by Chris Oxley/HII)

Shipbuilder Huntington Ingalls Industries (HII) hosted Rep. Ander Crenshaw (R-Fla.) Tuesday for a tour of the company's Newport News Shipbuilding division.   Ken Mahler, Newport News' vice president of Navy programs, joined Crenshaw for the visit


BAE Systems Welcomes Record Number of Paid Interns

Summer interns Rez Nuru (left) and Alex Rubin (right) working in Portsmouth Naval Base for BAE Systems. (Photo: BAE Systems)

More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program.   At Portsmouth Naval Base and Cowes on the Isle of Wight


Can Chinese Steel Support Freight Markets?

Is China’s steel exports enough to support the freight market?   No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market


Reefer Trade Appears Unstoppable

Graphics Source: Drewry Maritime Research, Reefer Shipping Market Annual Review

 Despite a variety of adverse economic and climatic conditions, perishable reefer cargo growth appears unstoppable, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast.   Worldwide perishable reefer trade increased by 1


Shipping Rules to Protect Arctic Ocean

Photo: Friends of the Earth U.S.

 Clear and consistent rules that enhance maritime safety and best preserve what is important to Alaskans will benefit the entire Arctic region now and far into the future, reports ADN.   Experts forecast that the volume of cargo coming through that route is likely to increase from 1


Hapag-Lloyd IPO Sooner than Planned

Photo: Hapag-Lloyd

 German ocean carrier Hapag-Lloyd aims to launch preparations for an initial public offering (IPO) in September, which is sooner than it originally planned, as a result of strong financial results, says Reuters.   Hapag-Lloyd’s solid second quarter financial performance


Bolidt showcases strength at Europort

V-W-028840-SH02-KDoorman-033

  Bolidt has been selected to supply decking solutions across a wide range of Dutch maritime projects that encompass the entire range of industry sectors. The Dutch flooring and decking specialist will be showcasing its comprehensive range of synthetic decking solutions at Europort 2015.


IBIA Forum to Examine Bunkering with New Fuels

The International Bunker Industry Association (IBIA) will be holding a forum entitled: ‘Bunkering with new fuels – Building on strong foundations’ as part of London International Shipping Week, on Wednesday 9 September.


CWind Awarded O&M Crew Transfer Contract

Photo: Crown Estate

CWind, a provider of integrated services to the wind industry, announced it has won a three-year contract to supply crew transfer services during the operations and maintenance (O&M) phase at Gunfleet Sands offshore wind farm (OWF) off the coast of Essex.


HSL in Pact with Hyundai to Build Fleet Support Ships?

Image: Hindustan Shipyard Limited

 Hindustan Shipyard Ltd., the largest shipbuilding enterprise under Indian Ministry of Defence, and world’s premier shipbuilder Hyundai Heavy Industries (HHI) are likely to undertake joint construction of self-propelled fleet support ships (FSS) for the Indian Navy


Is Taiwan in Market for Submarines?

Ma Ying-jeou. Photo by Office of the President, Republic of China (Taiwan)

 A day after the President Ma Ying-jeou said that Taiwan needs diesel-electric submarines rather than nuclear-powered ones and has decided to build the type of craft it requires, the country's Ministry of National Defense reiterated that it has still not given up on the idea of buying


Hapag-Lloyd Continues on Path for Profits

Photo: Hapag-Lloyd

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue driven by the merger   Container shipper Hapag-Lloyd said it has increased transport volumes and revenue as well as earnings


Austal Delivers Record Profit Increases

Austal recently delivered LCS 6 to the U.S. navy (Photo: Austal)

Shipbuilder Austal Limited announced it has delivered record revenue and record earnings for the year ended June 30, 2015, with Net Profit After Tax (NPAT) of $53.2 million, a 66.8 percent increase on FY2014.   Austal’s best result in its 27-year history was generated from revenue of






 
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