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 gateway,” said Los Angeles Mayor Antonio Villaraigosa. “That’s why we are investing $1.5 billion in capital improvements over the next five years. We’re going to create more than 20,000 construction jobs and keep infrastructure at the Port of Los Angeles unparalleled as we face a new competitive landscape.” “2011 was our second straight year of record exports and it’s an example of how our Port is prepared to handle a shift in global trade patterns,” said Port Executive Director Geraldine Knatz, Ph.D. “We continue to facilitate export opportunities through our nationally-recognized TradeConnect program while focusing our longer-term strategies on retaining and growing our position as the nation’s busiest container seaport.” The Port handled a total of 7,940,511 Twenty-Foot Equivalent Units (20-foot containers or TEUs) in 2011 compared to 7,831,902 TEUs in 2010. Port exports rose 14
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, 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.
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
The New Year started much as the old left off with product tanker markets strong Mideast-Far East and Tran-Atlantic but weak elsewhere. LR2 tanker rates for Mideast-Japan jumped five and ten Worldscale points on successive days, according to brokers.
A&P Southampton has recently completed dry docking and repairs aboard the heavy lift ship, Strong Virginian, a vessel owned by Van Ommeren Shipping (U.S.) LLC. The 21,541dwt vessel arrived for dry docking on May 27 following a period alongside in Marchwood Military Port, where she was demobilized prior to refit. A team from A&P Southampton assisted with the demobilization which included releasing sea fastenings and providing support to the ship's staff for removal of US Army landing craft
Wilson Sons Limited announced its results for the First Quarter (1Q13). Highlights The Company’s Net Income reached $19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports, we delivered a strong first quarter in terms of cash generation, with bottom-line margins growing significantly,” said Cezar Baião, CEO of Operations in Brazil.
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
Pål Helsing was appointed Executive Vice President for Aker Kvaerner's Business Area Field Development, succeeding Simen Lieungh. Helsing will be a member of the Executive Management Team reporting to Martinus Brandal, President & CEO. Helsing comes from Subsea, one of Aker Kvaerner's five Business Areas, where he was Senior Vice President for Subsea Systems. Helsing has worked with Aker Kvaerner since 1993, and has extensive industry experience from several high-level management positions
Drydocks World, a leader in ship repair, conversion and new building, signed a Memorandum of Understanding with Goltens. “We are delighted to have entered into this MoU with Goltens, which is a well-known global service provider for specialized mechanical works. We believe in working in partnership with like-minded individuals and organizations to broaden our reach and support the industry with our considerable combined expertise
To strengthen BMT’s market position in blue water surveys, BMT Group Ltd, acquired marine survey and consulting engineers, Verweij & Hoebee. A co-founder of the Association of Marine Surveyors and Consulting Engineers
The 3D EM data is being acquired by the M/V 'Atlantic Guardian': data will be available to clients through both EMGS and TGS. The survey is supported by industry funding. TGS in partnership with Electromagnetic Geoservices ASA (EMGS) signed an agreement to jointly invest in a 3D electromagnetic
WQIS has learned that even market leaders and pioneers need to stay dynamic and never get complacent. Shaking things up can break barriers for even the strongest organizations. By insuring some 35,000 vessels, across every major waterway in the US
The Board of ABB has appointed Ulrich Spiesshofer, head of its Discrete Automation & Motion (DM) division, as Chief Executive Officer. Ulrich Spiesshofer will succeed Joe Hogan in this role in an orderly transition on September 15, 2013
Philippine navy divers battled strong ocean currents in a desperate hunt for seven missing passengers of a ferry that sank with dozens on board. The Lady of Mount Carmel ferry mysteriously went down in calm weather on Friday about 1.2 miles from central Burias island
In its latest report, Global Contract Logistics 2013, Transport Intelligence (TI) found the global contract logistics market grew by 3.4% in 2012 to €159.35 billionn. However this figure hides an increasing divergence in the performance of regional markets
The first cargo was sold to Angola's state oil & gas company and is currently being shipped to Brazil by the LNG carrier 'SS Sonangol Sambizanga', one of seven 160,000 m3 LNG vessels that are under long-term charter to the Angola LNG project.
Rt Hon Sir Lockwood Smith appointed New Zealand's first Permanent Representative at the International Maritime Organization (IMO). Sir Lockwood, New Zealand High Commissioner to the United Kingdom, recently presented his credentials to the IMO’s Secretary-General, Koji Sekimizu
ISS Tositti, part of Inchcape Shipping Services, has opened two additional offices in Sicily. With one office in Augusta, Sicily, these new offices in Gela and Palermo will provide a service base for the growing liquid and bulk market on the island
The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company's research, development and innovation (RDI) activities in several European countries. The contract for the 10-year loan was signed in Helsinki, Finland on 13 June 2013
HALO Maritime Defense Systems (HMDS), announces the addition of Greg Hersch to its Board of Directors. Mr. Hersch replaces John Shephard who will remain involved with the company as a member of the Board of Advisors. Greg is a Senior Vice President in Wealth Management at UBS Financial Services
UK-based Ensco has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, will be the eighth Samsung DP3 drillship in the Ensco fleet, further extending the benefits of Ensco’s fleet standardization
The only known example of a Second World War Dornier Do 17 aircraft has been successfully lifted from Goodwin Sands by the RAF Museum team. Earlier plans to lift the Luftwaffe aircraft had been hampered by strong winds in the area, but today the RAF Museum team is hoping to be able to tow
Excel Maritime Carriers, owners & operators of a large fleet of dry bulk carriers, become the latest casualty of the downturn in the shipping industry, but sets financial plans for recovery. The company says t has reached an agreement in principle with a steering committee of its senior
Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December