Successful Year News

Van Oord concluded 2023 with revenue reaching record high and profits more than doubled.The company saw revenue growth across both its Dredging & Infra and Offshore Energy business units, which resulted in a significantly revenue increase of 42% to EUR 2.9 billion from EUR 2.0 billion in 2022.Net profit doubled to EUR 127 million from EUR 60 million in 2022. High fleet utilisation and the continued sharp focus on risk and contract management contributed to the improved results.The order book increased by 3% to EUR 4…

The maritime industry accounts for more than 90% of global trade and employs over 3 million people in the United States, and like other modes of transportation, our industry encounters unique risks. Waterfront workers are exposed to various hazards such as heavy machinery, hazardous substances, extreme weather and long hours. If not properly managed, these hazards can result in serious injuries, illnesses and even fatalities. That is why ensuring the safety of waterfront workers is a top priority for all of us who work in the maritime industry.

Turkish tug builder Sanmar at the close of 2023 delivered a fifth tug to Mersin International Port, Turkey’s largest container port.Known as BOĞAÇAY LIX while under construction at Sanmar’s purpose-built eco-friendly shipyard, the newbuild multi-purpose Boğaçay Class tugboat, renamed MIP-5 by its new owners, is based on the exclusive-to-Sanmar RAmparts 2400-SX MKll design from Canadian naval architects Robert Allan Ltd.Measuring 24.4m LOA, with a molded beam of 12m, least molded depth of 4.48m and overall maximum draft of 5.5m…

Shell has signed a five-year contract for the installation of Kongsberg's JAWS (Just Add Water System) software on board 45 of the LNG carriers chartered by Shell.These are LNG carriers that already utilize the Kongsberg Maritime K-IMS Information Management System application suite. K-IMS is a web-based solution that gives both ship crews and shore teams continual access to crucial voyage and vessel data. The provision of JAWS as an application within the K-IMS suite renders it instantly available to all K-IMS users.The contract signing follows a successful year-long trial…

Advanced Polymer Coatings (APC), the owner of the MarineLINE cargo tank coating brand, announced its most successful year of trading with maritime sales growing by 40% in 2021.By it's own reckoning the Ohio-headquartered company says it accounts for more than 12% of the global cargo tank coating market, specified on more than 700 ships, with 56 ships coated equating to over 750,000 sq. m. of MarineLINE applied in 2021.Growth is being driven by a rapidly changing shipping landscape…

The year 2021 has started in much the same way as 2020 ended for U.S. container imports; import volumes are still surging. As per usual seasonality, volumes came down a little in January and February, though this year the drop wasn’t as steep as usual, says shipping organization BIMCO. Imports by the two San Pedro Bay ports in California rose 27.8% in the first two months of the year compared to the same period in 2020. Although last year’s comparison is low due to the COVID-19 impact…

The South Carolina Ports Authority (SCPA) reported another successful year, handling record cargo volumes, rail moves and inland port activity in fiscal year 2019.SPCA, which owns and operates public seaport facilities in Charleston and Georgetown, as well as Inland Ports in Greer, South Carolina and Dillon, South Carolina, handled nearly 2.4 million twenty-foot equivalent container units (TEUs) from July 2018 through June 30, an 8.8% increase in annual TEU container volume.SCPA moved 200,406 TEUs across the  Wando Welchopens in a new window and North Charlestonopens in a new window container terminals last month.As measured by the total number of boxes handled…

William P. Doyle, CEO & Executive Director of the Dredging Contractors of America (DCA).William P. Doyle is the CEO & Executive Director of the Dredging Contractors of America (DCA). Twice a U.S. Senate confirmed Presidential appointee to the U.S. Federal Maritime Commission (FMC), Doyle has, over the course of a long and celebrated career, successfully worn many hats. Prior to his FMC appointment, Mr. Doyle served on cabinet and executive level boards and committees under both the Obama and George W. Bush Administrations. Before that, he served as an officer in the U.S.

Despite the persistently challenging market environment, German terminal operator Eurogate managed to close the 2018 financial year with stable container handling volumes.In 2018, the Bremen-based group managed to handle a total of 14.1 million TEUs at its twelve locations in and around Europe.The volume of intermodal container transports increased by 2.8 per cent to around 1.05 million TEUs.At the Eurogate Group’s five German terminals, the previous year’s handling figures were confirmed. Overall, 7.76 million TEUs were handled here in 2018 (-0.2 per cent, 2017: 7.78 million TEUs).At a good 5.48 million TEUs, the Bremerhaven container terminals recorded a throughput almost on a par with 2017 (-1.3 per cent, 2017: 5.54 million TEUs).

Year-over-year total cargo tonnage at Port Saint John, Eastern Canada’s largest port by volume, increased by over 4 million metric tonnes in 2017. Overall cargo tonnage handled for the year 2017 was 30,458,422 metric tonnes, a 15% increase over 2016. All cargo sectors, aside from the anticipated exception of containers, experienced significant gains in 2017. Additionally, the loss experienced in containerized cargo was lessened due the introduction of a new weekly container service by CMA CGM in 2017. This second global container service joined MSC who have been calling Port Saint John on a weekly basis since 2012. “Our significant increase in tonnage for 2017 is attributable to the success of our stakeholders in the bulk sectors (dry…

International vessels have been trading in the Port of Charleston, S.C. for centuries. While Charleston is the sixth largest container port in the U.S., it is also home to Detyens Shipyards, Inc (DSI). In the past several years, DSI has seen an increase in the number of dry dock inquiries and bookings from International vessel operators. “In the last two quarters, we’ve dry docked eight internationally owned and operated vessels,” explained Peter Browne, Vice President of Estimating.

Sentinel Marine said it has secured two new contracts bringing the Aberdeen-headquartered firm’s contract wins to a total of £26.4 million ($34.4 million) since January this year. The latest contract wins will provide continued employment for 72 seafarers in the North Sea. Sentinel Marine’s contract with Statoil UK Limited will see the provision of an emergency response and rescue vessel (ERRV) Portland Sentinel in the energy producer’s Mariner field from the beginning of August. The Portland Sentinel will join Mariner Sentinel, the latest vessel to join the Sentinel Marine fleet.

MOL Shareholders in the Annual General Meeting have accepted the Board’s proposal for HUF 58 bn dividend payment, which was set to allow the Dividend Per Share (DPS) to grow by 10.2% to HUF 625 from last year’s HUF 567. This represents the continuation of the last years’ gradually increasing trend of the regular dividend payment. Shareholders also approved the proposal of the Board of Directors for an 8 for 1 stock split. The current price of one MOL share (around HUF 20,000) is multiple of the share prices of other companies of the BSE premium segment. A share split generally increases turnover and liquidity, especially if it occurs at a time when a company is financially and operationally stable.

Freight volumes at the Port of Gothenburg rose by almost three million tonnes in 2016 - up from 38.2 million tonnes in 2015 to 40.9 million tonnes last year. Car exports-imports and energy products enjoyed a particularly successful year with rises of 15 and 12 per cent respectively. Container volumes were down three per cent. The freight figures for 2016 have just been released. Last year, the volume of freight handled at the Port of Gothenburg rose by seven per cent to 40.9 million tonnes, compared to 38.2 million tonnes in 2015. “The upturn can be attributed largely to the rise in the number of cars shipped via the port but also to higher volumes at the Energy Port and a good rate of activity at our ro-ro terminals,” said Magnus Kårestedt, Gothenburg Port Authority chief executive.

2016 is not yet over, but the volume of transshipments is already higher than in the previous record year, being currently estimated at more than 36.3 million tonnes. This is a result which, until recently, would have been out of reach for any Polish port, but today it has become reality. It puts Gdansk in sixth place among Baltic Sea ports, its highest position so far. This is what is shown by recently published data on the Baltic ports, with a summary of the first 11 months of this year. In spite of the rather difficult market conditions and the increasingly strong competition, this has turned out to be yet another year - now the sixth in a row - of continuous growth in commodity turnover at the Port of Gdansk.

Abu Dhabi Ports’ Maritime Training Centre looked back on what it called a successful year, noting a number “success stories” throughout 2014 as the number of trainees at the center increased by 15% in 2014 compared to 2013. Highlighting its success, the training center noted that five new courses have been added to the program which covers the Channel Familiarization course, the Vessel Traffic Services (VTS) course, the Port Facility Security Officer (PFSO) course, the High Speed Craft Operators course…

Atlantic Offshore Rescue will unveil the third new vessel in the past 12 months as part of its fleet modernization program, representing an investment totaling $458 million. Ocean Falcon, a new Class A Multi Role and Emergency Response and Rescue (MRV/ERRV) vessel, is to be christened at a ceremony at Aberdeen harbor before commencing a contract with a major U.K. operator. Atlantic Offshore Rescue will provide emergency recovery, rescue cover, tanker assistance and general field support for offshore operations at the Curlew Field, in the North Sea.

London, 11 May 2016 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, announces its financial results for the year ended 20 February 2016. Alan Olivier, Chairman of the UK P&I Club, comments, “2015 has proved to be another good year for the Club culminating with a very positive renewal. On the financial side, we ended the year with a small surplus despite a loss from our investment portfolio. This positive result in a poor year for the investment markets can be attributed to our disciplined approach to underwriting. “The combined ratio for the financial year was 92%; a very creditable result in the prevailing soft market conditions.

WISTA International Board Member and INDIA President Ms.Sanjam Sahi Gupta attended the first Annual General Meeting (AGM) of WISTA Sri Lanka that was held on 22nd of July 2015 .The event was graced by government heads such as the Hon. Minister of Shipping and Aviation Mr. Arujuna Ranatunga , State Minister Mrs. Rosy Senenayake together with other industry heads in the Maritime sector and WISTA members. After a highly successful year, the Sri Lankan branch of the Women’s International Shipping & Trading Association (WISTA)celebrated a year during which its members worked together, canvassed  other women to consider careers in shipping, helped each other network, took part in community service and supported each other in an industry that’s still very male-dominated.

Bayonne Drydock kicked off last year with the repair and drydocking of the U.S. Navy Ship, Pomeroy followed by the successful drydocking and repairs of the USNS Watkins. It closed the year with the completion of the USNS Seay; all were completed on time, with the Seay coming in ahead of schedule with work that included bowthruster overhaul repairs, blasting and painting and hull coatings. In addition to the Grey hulls, BDD serviced several commercial customers via drydock and pier side repairs.

Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25.5 million, while multi-client sales were at USD 27.0 million this quarter. The Company had an EBITDA of USD 18.6 million and a net income of USD 15.1 million. The Company had record-high multi-client sales in the quarter, mostly from the library in the Barents Sea. In addition, the Company signed contracts for its vessel BOA Thalassa in Asia and a 3.5 months contract for the EM Leader in Uruguay. The Atlantic Guardian spent most of the quarter at yard and contributed with only 0.9 vessel month this quarter. “2014 was a successful year for EMGS.

Gulfstream Shipbuilding welcomes James Murray, a second generation boat builder and operator/owner, to the Sales Management Team. James is the son of Jim Murray, who originally opened the shipyard 35 years ago as Freeport Shipbuilding. James built a variety of custom boats at the shipyard before venturing off to start his own successful passenger excursion company. Now, James returns to partner with the current owner Stuart Reeves on a new generation of custom shipbuilding. “James exhibits the same passions and values that his father instilled on this company 35 years ago…

HMAS Melbourne has struck a third time against the trafficking of narcotics in the Middle East confiscating another 216 kilograms of high-grade heroin worth an estimated $64 million. The seizure takes the Royal Australian Navy’s narcotics haul since February 2014 to over 5 tonnes and to almost $664 million for 2015. Melbourne’s Commanding Officer, Commander Bill Waters, said the intercept was a great success for the ship and her boarding teams. “It also highlights the work of our support agencies ashore that provide us the vital intelligence needed to be in the right place at the right time,” he said. Commodore Jaimie Hatcher the Australian commander of Combined Task Force (CTF) 150, which coordinated the support, praised the efforts of Melbourne.