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
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, 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.
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
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
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
Ratings agency Standard and Poor’s (S&P) has affirmed North P&I club’s "A" credit rating and stable outlook following a review of marine mutuals based on the agency’s new ratings criteria for insurers. The review confirms North’s continued status both as the second largest and as one of the highest-rated members of the International Group of P&I Clubs. It was based on S&P’s new rating methodology for insurers published on May 7, 2013
The expansion of GAC Bunker Fuels Ltd global network continues with the opening of a new dedicated office in India and the appointment of an additional trader in Singapore. The opening of the Cochin office reflects the company’s commitment to its operations in the Indian Subcontinent, where they are already represented by a team based in Colombo, Sri Lanka. Shipping veteran Captain Sathya Chandrashekar has been appointed to run the new Cochin operation.
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
The Shipbuilders Council of America (SCA) called the bipartisan budget agreement now passed by both houses of Congress an important first step and thanks Members of Congress for providing the much needed resources for the U.S. shipbuilding and repair industry.
Ship repair company A&P Falmouth, located in the south-west of England has won a major contract for repair and drydock modification work to the historic steamship 'SS Shieldhall', which is normally based in Southampton. SS Shieldhall is the largest steamship of her type in Europe
Providers of heat transfer, centrifugal separation and fluid handling systems, Alfa Laval says it has won an order to supply equipment to an offshore oil platform in the North Sea. The order has a value of approximately SEK 50 million and delivery is scheduled for 2014.
While the 2013 shipping season saw overall fluctuating cargo figures, U.S. ports on the Great Lakes have continued to outperform their initial projections. The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to November 30 were 33 million metric tons
Despite the firming of broader demand fundamentals short-term, the Suezmax sector still faces more wild cards that other sectors in the years ahead, considers Poten & Partners in a recent Market Opinion from their Commodity Consulting & Analytics department. Excerpts follow:
Agip has recently rebranded as Eni, while simultaneously announcing plans to increase penetration of its lubricant brands in North America across all industries. Gianfranco Mosconi (above) President and CEO of Eni USA R&M Co., shares the vision behind the strategy.
For TEAM, this change comes at a highly opportune moment: growth prospects for the coming years are excellent, it has a strong reputation worldwide, loyal customers and a very positive image that is synonymous with high quality, reliability, safety and in TEAM Officially Becomes ADELTE.
Mainboard-listed JES International Holdings Limited, a private shipbuilding group based in the PRC, announced that the group has commenced the steel cutting for its first two Platform Support Vessels (PSV) at its shipyard located in Jingjiang City, China.
Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports Company (ADPC), and Polysys Additive Technologies Middle East (PAT ME) held a groundbreaking ceremony, laying the foundation for its One Pack Systems (OPS) manufacturing plant which will be located in the industrial zone
The CAN DO drillship will be the front runner in exploration, development and completion operations. Following positive feedback and strong enquiries from the market, Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd
Coast Guard members of the 11th Coast Guard District participated in a joint two-day search and rescue exercise, SAREX, with members of the Mexican navy's Search and Rescue Station in Ensenada, Mexico Wednesday and Thursday. The visit included a flag officer professional exchange
Nordic American Tankers Limited (NAT) Chairman and CEO, Herbjorn Hansson, Issued a letter to shareholders addressing the yearend rally in the crude tanker market and strongly increased rates. Dear Shareholder, As we approach the end of the year
Port Officials and Wallenius Wilhelmsen Logistics (WWL), on the eve of WWL’s 26th anniversary at the Port, executed a fifth modification of its 1991 contract extending its agreement for an additional five years through December 31, 2018.
Farris Engineering, a business unit of Curtiss-Wright Flow Control, announced it has entered into an agreement with marine valve sales and service company JA Mood,. designating them as the Farris Engineering sales representative to the U.S. Navy and commercial marine markets.
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a