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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.   


WOW at USMMA

U.S. Maritime Administrator Paul Jaenichen addresses the gathered audience at the 7th annual Women on the Water (WOW) conference.

The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.S. Maritime Administration (MARAD) hosted the 7th Annual Women on the Water (WOW) Conference


CMA CGM profits up 43%

Photo: CMA CGM

 French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth in volume and significantly reduced costs.   Consolidated operating revenue for the company increased by 5


India, Japan Reaffirm Strong Maritime Ties

Indian Union Minister for Defence, Manohar Parrikar calling on the Prime Minister of Japan, Shinzo Abe, in Japan. Courtesy: Photo Division, PIB

 India and Japan have discussed a specialized 24-nation maritime construct to enable real-time sharing of data of all shipping including merchant and naval warships, operating in the Indian Ocean, parts of the Pacific Ocean and disputed waters of the South China Sea.  


Port of Cleveland Taps Chris Ronayne to Lead Board

Chris Ronayne will lead the board of the Cleveland-Cuyahoga County Port Authority (photo courtesy of the Port Authority).

The Board of Trustees for the Cleveland-Cuyahoga County Port Authority today unanimously elected Chris Ronayne as new board chair.   As President and CEO of University Circle, Inc., which oversees the growth and direction of one of Ohio’s fastest growing employment district


Thailand Eyes Submarine Fleet

Photo: Naval Secretariat Department, Royal Thai Navy

 Royal Thai Navy (RTN)'s plan to buy submarines is on again with strong backing from Defence Minister Prawit Wongsuwon who wants Thailand’s fleet to be on par with neighbouring countries.    Defence minister Prawit Wongsuwon was quoted as saying by Bangkok Post on Wednesday


Australian Reef Pilots Under New Ownership

Photo: ARP

Australian marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees.   ARP, which services shipping through the Great Barrier Reef, has been sold by the private Brisbane-based company Torres Industries to a group of ARP executives and reef pilots


Coast Guard Academy Cadet to Receive Fulbright Scholarship

Stephen Horvath (USCG photo)

Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies in Finland during the 2015-2016 academic year and the 2016-2017 academic year.  


Steady Growth Reported by the Swedish Club

Courtesy The Swedish Club

  The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the fi­nancial performance and the insurance products across the board returned a staunch


Swedish Club Reports 'Healthy Growth'

tsc logo.png

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance products across the board returned a staunch to high


NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg (Photo courtesy of NORDEN)

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions to continue through 2015 as the tanker market has come off to a good start.  


Carnival Sails to Profit

Image:  Carnival Corporation & plc

 The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter


American Boat Leads in Volvo Ocean Race Leg 5

Team Alvimedica: Volvo Ocean Race

 As the six-strong fleet Volvo Ocean Race continued to endure a helter-skelter ride toward Cape Horn in the Southern Ocean, the American boat Team Alvimedica took the lead, reports AP.   The Volvo Ocean Race fleet in the wild Southern Ocean was fighting two battles on Sunday –


Becker Marine at Electric & Hybrid Marine Expo

Photo courtesy of Becker Marine Systems

Becker Marine Systems product presentation at the dutch Electric & Hybrid Marine World Expo will put a strong focus on environmentally-friendly technology for the marine industry like the world’s first LNG Hybrid Barge HUMMEL.  


ECDIS to be Installed on 100 plus Maersk Vessels

Maersk Line selected Transas Marine for  ECDIS implementation on  more than 100 vessels.   The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000 in dual configuration plus a back-up station on each vessel.  


Maersk to Install Transas ECDIS on 100 Vessels

 Transas Marines ECDIS Console (Image courtesy of Transas Marine)

 Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The contract features the Transas Navi-Sailor ECDIS 4000 in dual configuration plus a back-up station on each vessel. 






 
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