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.
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)
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
Novatug, the Rotterdam-based specialist behind the design of the revolutionary Carousel towing system for tugboats, has established an international tugboat equipment sourcing consultancy for vessel owners and shipyards. The innovative Carousel towing system, which is being incorporated into two combi-tugs being built in Malaysia for Dutch salvage and towage company Multraship, could revolutionise tug design, without the need for expensive technology, according to Rolf Kievits
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
Spanish yard constructs vessels for Adriatic towage Spanish builder Astilleros Armón recently delivered one tug boat powered by two MAN 7L27/38 four-stroke engines and is close to delivering another powered by two similar 9L27/38 engines. The vessels are bound for separate companies of the Italian ‘Ocean Group’. The first project involved the construction of the ‘Neptun’, a Voith-Schneider Tractor Tug constructed at Astilleros Armón Navia in
Argentinian towage and harbor company RemolcadoresUnidosArgentinos (RUA) has just taken delivery of the RUA Cap. Lucio R, a Damen ASD 2810 tug. Although Damen’s tugs have operated in Argentina before, this vessel is the first time a Damen tug is owned by an Argentinian company. Established in 1967 and based in Buenos Aires, RUA has a seven-strong fleet of vessels with a smaller bollard pull than the ASD 2810. The new vessel has 58t bollard pull and is a reflection of the growing economy
The 20th BC Tugboat Industry Conference was held May 23-25, 2013 in Victoria, BC. According to BC Shipping News, in addition to a retrospective of the industry – including presentations from Allan Fowlis (retired, Seaspan) who gave personal insights into the industry in its characters
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
Royal Boskalis Westminster N.V. (Boskalis) say that developments in first quarter 2013 to date are in line with expectations. In their latest trading update Boskalis show: · Revenue higher than in the same period last year
Multraship confirms its purchase of the two tugs now being constructed in Romania for delivery in June/July 2013. Contracts for the two tugs, to be named Multratug 26 and Multratug 27, were signed during the course of Multraship’s recent annual client gathering in Terneuzen.
Royal Boskalis Westminster N.V. (Boskalis) signs a Memorandum of Understanding (MoU) with Sudamericana Agencias Aereas y Maritimas S.A. (SAAM) for joint harbour towage operations. The partnership would involve two joint ventures and is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM
China's largest marine patrol & salvage ship, 'Haixun 01', has set off on a trial voyage from Shanghai. The Haixun 01 is 128.6 meters long and of 5,418 gt. The ship is able to accommodate 200 people rescued at sea and is able to offer basic treatment and surgery to the injured
ISS Greece is advising that sailors associated with Greece’s Panhellenic Seamen's Union (PNO) are likely to strike 3rd April 2013. The strike is set to commence at 06:00 local time, 3, April and last until 06:00 on 04 April. The PNO has warned that the labour action is likely to be the
London-based Holman Fenwick Willan (HFW) announce the election of Paul Dean as head of the law firm's shipping practice. Paul Dean has taken over from current head George Eddings who becomes the firm's new Managing Partner effective from 1 April 2013.
Over the past 25 years KOTUG has been transformed from a European to a global player in the maritime industry. As a fast growing towage company KOTUG is expanding its innovative services to ports and terminals in Europe, West-Africa and Australia
Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012. Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of
Royal Boskalis Westminster N.V. (Boskalis) publishes theirl financial report for 2012. Highlights of 2012 · Record revenue of EUR 3.1 billion · Record order book of EUR 4.1 billion
Edoc Systems Group, developers of Helm Marine Operations Software (Helm), said that global towage provider, Svitzer A/S has chosen Helm Dispatch Manager and Helm Onboard to manage their dispatch and billing functions on shore as well as onboard their vessels
PACC Offshore Services Holdings (POSH), through its EPIC division, has announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea
Tug Fairmount Glacier has delivered rig La Muralla IV in Bay of Campeche, Mexico. The rig has been towed from Okpo, South Korea, via Sunda Strait and Cape of Good Hope. La Muralla IV is a brand new semi-submersible drilling rig for ultra deep water operations, owned by Mexican Grupo R
Ship's funnel removed, mast section to be lifted off next. As weather conditions seem to be fine near Tubbataha Reef, salvaging operation of the USS Guardian that ran aground last month along a portion of the UNESCO World Heritage reef continues as the team starts to prepare for level 2