Cosco Shipping Ports Net Profit Soars by 70.1% for H1 2018
Cosco Shipping Ports (CSP), one of the world’s largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018."2018 is a year full of challenges. Sino-US trade frictions, the rise of trade protectionism, geopolitical uncertainties and the upward trend of interest rates have the potential to place serious pressure on the development of global trade. Despite all these uncertainties, the growth momentum of global economy in 2017 continued in the first half of 2018," said a statement from CSP.Driven by sustained economic growth…
Thales Awarded Royal Navy Services Contract
Thales U.K. signed a 10-year contract with the Ministry of Defense (MOD), worth up to £600 million, for the in-service support of the Royal Navy’s major sensor systems. The new Sensors Support Optimization Project (SSOP) builds on the Thales’s Contractor Logistics Support contract, originally signed in 2003, which has provided support to the Royal Navy’s sonar and electronic warfare systems for the past 10 years. Under the terms of SSOP, the in-service support contract has been extended to include all of the Royal Navy’s submarine visual systems…
Keeping Marine Projects Afloat
Today’s marine and offshore industry faces increasing challenges: the need to work faster on more complex marine products with an extended supply chain in a very competitive environment; to deliver on-time information to customers on the project’s status at any time; and to reduce program management costs as well as design and production time. In order to keep a competitive advantage, shipyard executives are pressuring both their suppliers and their own organizations to integrate…
Fincantieri Chooses SimEnterprise Solutions
MSC.Software said that Fincantieri Cantieri Navali Italiani S.p.Ahas adopted and will standardize on the company's new SimEnterprise technology across all company sites and their extended supply chain. With typical development cycles not exceeding 36 months and including a 12 month design phase, Fincantieri and MSC.Software jointly undertook a detailed program of evaluation, aimed at rationalizing the simulation environment and significantly reducing the overall design-to-manufacture process. This included a full process assessment and an extended visit to MSC.Software's Solution Studio and the delivery requirements mapped to the functionality of MSC.Software's new enterprise simulation environments.
