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

Finance

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

Germany as a Maritime Location Endangered: VDR

Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Maritime Safety

Engine Preforms in Roll Over Test

Engines customized for new Dutch search-and-rescue lifeboat vessels keep running after full rotation on axis. In thrashing, unforgiving seas, a capsized rescue vessel used to be a symbol of defeat.

Container Shippers Join Forces for Safety

The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry.

Second Typhoon Threatens Taiwan

The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.0992 sec (10 req/sec)