Aker Yards Announces Record Backlog

Thursday, April 27, 2006
Aker Yards ASA reported an EBITDA of NOK 357 million for the first quarter of 2006, an increase of 125 percent compared with the first quarter of 2005. The order intake in the first quarter was NOK 14.3 billion, almost a doubling from the previous quarter, giving a total order backlog of NOK 47.9 billion at the end of the quarter, representing 123 vessels to be built at the groups' 13 yards. Eight vessels were completed and delivered in the first quarter. The activity level is expected to remain high in 2006 and onwards.

Aker Yards had revenues of NOK 5 397 million in the first quarter of 2006, an increase of 57 percent compared with NOK 3 438 million in the corresponding period of 2005. High activity in all three business areas is contributing to the positive development.

Order intake in the first quarter was NOK 14.3 billion, of which Cruise & Ferries and Offshore & Specialized Vessels contributed the major part. The Genesis vessel ordered by Royal Caribbean represented more than half the intake. The order backlog at the close of the first quarter was NOK 47 868 million, compared with NOK 31 487 million at the end of the first quarter 2005.

Aker Yards achieved an EBITDA result of NOK 357 million in the first quarter of 2006, compared with NOK 159 million in the corresponding quarter of 2005. The EBITDA margin for the first quarter of 2006 was 6.6 percent.

The activity level is expected to remain high in 2006 and onwards.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Maritime Safety

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1439 sec (7 req/sec)