Smit International NV announced that net earnings for 2005 have risen by nearly 40% to EUR 38.3 million. Despite facing a heavier tax burden of 30% (up from 24% in 2004), the divisions Harbor Towage, Terminals and Transport & Heavy Lift achieved better results in comparison to 2004. The Salvage division performed well above the so called historical average. SMIT has served the maritime sector for more than 160 years. SMIT’s services are organised into four Divisions: • Harbor Towage: harbor towage services and related maritime services. • Terminals: towage services and related maritime and management services to offshore and onshore terminals. • Salvage: salvage, wreck removal, environmental protection and consultancy. • Transport & Heavy Lift: barge rental & transport, ocean, coastal and river towage, heavy lifting and marine support to a variety of civil and offshore projects.
Boskalis, KOTUG agree to merge European harbor towage operations Royal Boskalis Westminster N.V. and KOTUG International B.V. have signed a Memorandum of Understanding (MoU) to merge the companies’ European harbor towage operations. The companies will establish a 50/50 joint venture for this purpose, combining the European harbor towage activities of SMIT, a Boskalis subsidiary, with the European harbor towage activities of KOTUG
First delivery of Damen ASD Tug 2810, ARC Towage signed four contracts total in Barcelona, Spain On July 31, 2013, ARC Towage signed four contracts at the Netherlands shipbuilder Damen Shipyards Group. The newbuilding contracts with ARC Towage are the result of a special joint venture set-up for the terminal berthing services for a significant energy industry player in Trinidad and Tobago. The first Damen ASD 2810, MV Kairi, left for Trinidad
Towage and salvage specialist Multraship said it has further strengthened its multipurpose fleet with the addition of the ASD tug Multratug 20. Multraship has contracted with international broker and consultant DSB Offshore for the long-term bareboat charter of the 72-ton bollard-pull vessel, which was built by the Bogazici Shipyard in Turkey in 2010 and is equipped to undertake a range of services including towage, escort, anchor-handling, fire-fighting and salvage.
Hardware and towage group Howard Smith Ltd. pointed to a difficult market for its main hardware and industrial supplies businesses on Tuesday, after posting a flat half year result. Although recent data pointed to a housing recovery, actual spending on hardware was expected to lag housing approvals and a break in economic conditions was not expected until at least mid-year. "The outlook for the next four months is tough
Multraship Towage & Salvage ordered two combi-tugs from Malaysian shipbuilder Nautica Nova Shipbuilding & Engineering (NNSE) which feature a Carousel towing system and will be used to address the needs of big ships requiring escort facilities into harbors and rivers. The first of the two 80-ton static bollard pull Carousel Combi-Tugs is due for delivery at the end of 2007, and the second, about three months later. The combi-tugs are designed for unrestricted harbor towage
Keppel Singmarine Ltd, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) has secured orders for three offshore support vessels (OSVs) and two tugboats for about $80 million. The vessels will be progressively delivered to their owners up to end 2006. Keppel Singmarine will build one ice-class OSV for anchor handling and supply purposes for new customer, the Russian oil company Lukoil Kaliningradmorneft (LUKOIL)
Fairmount Marine said it had delivered rig ENSCO 5004 in Malta at the end of a voyage that began offshore Rio de Janeiro. Rig ENSCO 5004 is a 1982 built 94.7 meters long and 70.4 meters wide semi-submersible drilling rig. The towage of rig ENSCO 5004 from Rio de Janeiro to Malta took about 5,782 nautical miles and during the voyage speeds well over seven knots were reached. Fairmount Marine is a marine contractor for ocean towage and heavy lift transportation, headquartered in Rotterdam
Gross Operating Income totaled $146.2m or 115.1 million euros, up 12.7% in the first half of 2006. This strong performance was achieved by the sharp growth in the Offshore Division, particularly in Africa, and by the solid performance achieved by the Towage & Salvage Division, whereas the Bulk Division was impacted by lower cargo rates. Operating income rose 7.6% to $90.4m or 71.2 million euros and reflects the increase in amortization and depreciation due to the rise in the
Salvage and towage company, Multraship BV has added the former Red Funnel/Adsteam tug Hamtun to its fleet. The 1985-built, 3,500 IHP vessel has been renamed Multratug 16 and will mainly be deployed providing harbour towage services in the ports of Terneuzen and Flushing and on the Terneuzen-Ghent Canal. Multraship has also bought the former Dutch lifeboat Johannes Frederik, to operate as a fast-rescue tender providing emergency response services in the River Scheldt area
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
Dutch towage and salvage specialist Multraship has welcomed into its fleet Multratug 28, an energy efficient hybrid Damen ASD 2810-type tug with FiFi 1 firefighting capabilities. Damen’s ASD 2810 Hybrid is a new design, and this is the second of its class to be built
Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW). The delivery of the two ASD 2810 tugs is part of a seven-vessel order that the yard is currently working on for NSW
Multraship took delivery of a Damen ASD 2810 Hybrid tug vessel, built at Damen Shipyards Galaţi, in Romania. The delivery is part of Multraship’s fleet expansion program, which involves a number of Damen vessel orders. The new vessel, named Multratug 28
Damen Shipyards Group has delivered the first vessel in its new ASD Tug 2913 class. According to Damen, the 2913 has been developed in response to demand from operators for more powerful tugs capable of handling today’s larger vessels
Damen has begun work on the latest and one of the largest yet in its shallow draft Shoalbuster range. Ordered by Van Wijngaarden Marine Services, the Shoalbuster 3512 is 35 meters in length, has a draft of 2.9 meters and GRT of 498 metric tons
Towage and salvage operator Multraship has taken delivery of the first of two customized Damen Stan Launch 804s vessels for its line handling and boatmen service companies in Terneuzen, the Netherlands. Verenigde Bootlieden B.V. and Montis Mooring & Boatservice B.V
CORIMA, part of the Italian Gesmar Group, has ordered a Damen ASD Tug 2810. The Damen ASD Tug 2810, which has a 60 metric tons bollard pull, will be deployed in the port of Ancona. With the official signing ceremony taking place on January 12
Dry bulk shipowner Pacific Basin Shipping announced a total of US$132 million (HK$1 billion) impairment charges on chartered-in vessel contracts and bunker fuel swaps. The Hong Kong-listed company informed the stock exchange that it took US$101 million provisions mainly
A general cargo vessel experiencing mechanical issues near the Great Barrier Reef is under tow, the response coordinator Australian Maritime Safety Authority (AMSA) reported. Antigua and Barbuda flagged general cargo vessel, Thor Commander
PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine (Pte) Ltd (PSA Marine) and Golden Dunes International LLC (GDI), will commence towage operations for Oman LNG LLC (OLNG) in Sur, Oman on 11 January 2015. The contract will be for a period of 10 years
ARC Towage of Trinidad & Tobago has taken delivery of the last of a series of four Damen ASD 2810 Tugs. All four have been delivered in less than 18 months. The speed of delivery was one of the reasons ARC Towage chose Damen Shipyards Group for its new vessels.
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Kompania di Tou Korsou places an order for two tug vessels from Damen On December 9, five years after the delivery of two ASD Tugs 2810 KTK Tribon and KTK Barakuda, Damen Shipyards Group and Kompania di Tou Korsou (KTK) signed an agreement for the delivery of two Stan Tugs 1205.
Pacific Basin Shipping Limited has sold to Smit Lamnalco its entire shareholding in PB Towage Australia (PBTA), including all its harbor towage operations and 16 harbor tugs and two additional assests (one harbor tug and one barge) currently owned by other PB companies.