Strong Year

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 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 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.

Liebherr Mobile Harbor Crane Review 2012

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

Product Tanker Stays Strong In Mideast

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.

Strong Virginian Docks at A&P Southampton

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 Reports a 170% Profits Increase

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.

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

Aker Kvaerner Appoints Helsing EVP

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 signs MOU with Goltens

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