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Kongsberg Gruppen News

17 Mar 2023

Norway's Loke Buys UK Deep-sea Mining Firm from Lockheed

(Photo: Loke Marine Minerals)

Norway's Loke Marine Minerals has acquired deep-sea mining firm UK Seabed Resources (UKSR) from Lockheed Martin, the companies said on Thursday.UKSR holds a 100% interest in two deep sea mineral licences in the Clarion-Clipperton Zone (CCZ) in the Pacific Ocean, and a 19.9% interest in the Ocean Mineral Singapore, licences issued by the International Seabed Authority (ISA)."We've got the approval from the UK government... Our ambition is to start extraction from 2030," Hans Olav Hide…

03 Oct 2022

Edvardsen Haugan takes the Helm at Kongsberg Maritime

Lisa Edvardsen Haugan has today been appointed as the new President of Kongsberg Maritime. Photo courtesy Kongsberg Maritime/By Arild Brun Kjeldaas

Lisa Edvardsen Haugan was appointed as the new President of Kongsberg Maritime, the largest business area of Kongsberg, replacing  Egil Haugsdal starting in November 2022.Edvardsen Haugan has long and extensive experience from both the defense and civil business area in Kongsberg Gruppen ASA (KONGSBERG), including having been EVP Finance at Kongsberg Maritime and Finance Director at Kongsberg Protech Systems. She currently heads the Deck Machinery & Motion Control division of Kongsberg Maritime.“Following a thorough process to recruit a new leader for Kongsberg Maritime…

28 Mar 2022

Norway Labor Unions Threaten Strike of 28,500 Workers from April 1

©Arlid/AdobeStock

About 28,500 workers at Norwegian shipyards, oil industry fabrication plants, and other manufacturers will go on strike from April 1, unless labor unions and employers reach a new wage deal, a state-appointed mediator said on Monday.Firms that stand to be affected are suppliers to the oil and gas industry, such as Aker Solutions, where 736 workers may strike; Aibel, with 661 employees, and Kaefer Energy, with 405 employees, the unions said.A strike would affect construction of ships…

23 Mar 2021

Norway, Germany to Buy Six Submarines from Thyssenkrupp

Norway has agreed to order four submarines from Germany's Thyssenkrupp for 45 billion crowns ($5.3 billion), with Germany agreeing to order another two, the Norwegian defense ministry said on Tuesday.Norway and Germany, both NATO members, are jointly procuring identical submarines from Thyssenkrupp's shipbuilding division.The Norwegian defense ministry said Germany had agreed to order two submarines from Thyssenkrupp, pending approval from the German parliament.The signing of the contract is due this summer…

04 Mar 2020

Navelink Readies Sea Traffic Management

Navelink is a newly formed sea traffic management industry consortium initiated by the industrial companies Kongsberg Gruppen, Saab and Wärtsilä, three influential and significant maritime equipment manufacturers and service providers.The aim of the consortium is to reach a new global standard enabling scalable maritime information exchange. The consortium already has the Swedish Maritime Authority (SMA) boarded and has commissioned Combitech to deliver the infrastructure needed."Ship owners and operators, as well as coastal and port authorities and their service providers can benefit from the open infrastructure we are establishing.

18 Feb 2020

Kongsberg, Zero Join Forces for Renewables

International marine technology group Kongsberg Gruppen and  Zero environmental foundation signed a three-year collaboration agreement.The main intentions of the collaboration are to create increased momentum in the shift to renewable and emission-free solutions.Together, we will work to make Norway an important global test arena for the development and realization of new zero-emission solutions for all types of ships, and to spread these solutions internationally.The collaboration will also work to develop electricity and hydrogen infrastructure for emissions-free shipping. Through the partnership, the companies also want to motivate shipowners and merchants to use renewable and emission-free solutions…

12 Feb 2020

Kongsberg Revenue Up in Challenging Maritime

Norwegian technology enterprise Kongsberg Maritime announced that it increased operating revenue to NOK 5,490m (USD 593mln) from NOK 2,041m (USD 220mln) in the fourth quarter.Growth excluding acquired business is 21%, said a press release from the Kongsberg Gruppen (KOG) company. This is among other things driven by a high level of activity in the LNG and after-sales markets as well as by growth in the Sensors & Robotics area. "Our maritime operations are growing in a market where the newbuilding activity is at an all-time low, at the same time as the organisation is integrating Commercial Marine and achieving considerable cost savings. I'm very pleased about this," said Geir Håøy, President and CEO of Kongsberg.Order intake of NOK 6,934m compared to NOK 3,859m in Q4 2018.

13 Jan 2020

Kongsberg Maritime Shuts Down KM Contros

Kongsberg Maritime (KM), a Norwegian technology enterprise within the Kongsberg Gruppen, informed that it has suspended the sale of the previously announced German KM Contros GmbH to AML Oceanographic Ltd. (AML).Following a strategic evaluation and prioritization of the KM business in 2019, the company decided to divest Contros, and a Letter of Intent was signed with a future buyer of the business.However, the companies have now agreed not to pursue the previously announced letter of intent, and the sale of Contros will therefore not proceed. Consequently, Kongsberg Maritime has decided to cease the Contros operations, a press release said.Contros is a subdivision of the Sensors & Robotics division in KM, it’s located in Kiel/Hamburg, Germany.

23 Oct 2019

Corporates Pledge for Healthy, Productive Ocean

30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.UNGC is a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption.The signatories to the principles include the container ship and supply vessel operator A.P. Møller – Mærsk, food and beverage company PepsiCo, and Norges Bank Investment Management, which manages one of the world’s largest funds with over US$ 1 trillion in assets.

02 Apr 2019

Kongsberg Buys Rolls-Royce Marine

Norwegian technology group Kongsberg Gruppen announced that it has completed its acquisition of Rolls-Royce Commercial Marine (RRCM), with the European Commission's approval.Kongsberg Gruppen announced its intention to acquire RRCM, an established and trusted global supplier of maritime technology and engineering products, in July 2018.With the unification of Kongsberg Maritime and RRCM, Kongsberg is represented in 40 countries, has more than 11,000 employees and an annual turnover of more than NOK 22 billion. A fleet of more than 30,000 vessels depends on the organisation’s combined expertise.“I have looked forward to this day for a long time.

28 Sep 2018

Norway Should Invest in Kongsberg Share Issue -Government

(File photo: Kongsberg)

Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.If approved by parliament, the proposal would allow the government to uphold its stake of 50.01 percent in Kongsberg Gruppen.The acquisition and the government's intention to take part in a share issue were first announced in July.($1 = 8.1631 Norwegian crowns)(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

06 Jul 2018

KONGSBERG to Acquire Rolls-Royce Commercial Marine

Kongsberg Gruppen ASA (KONGSBERG) today entered into agreement with Rolls-Royce plc to acquire Rolls-Royce Commercial Marine, a world leading technology business within maritime operations. The transaction is structured as an acquisition by KONGSBERG of the marine products, systems and aftermarket services businesses carried out by subsidiaries of Rolls-Royce plc. The transaction does not include Bergen Engines nor Rolls-Royce's Naval Business. The parties have agreed a value for Rolls-Royce Commercial Marine of GBP 500 million (on a cash and debt free basis and with working capital at an agreed level). The final purchase price, will be determined based on Rolls-Royce Commercial Marine's cash, debt and working capital at time of completion of the transaction.

13 Feb 2017

Germany to Buy Six Warships

German Defence Minister Ursula von der Leyen has decided to buy six MKS-180 multi-role warships instead of putting off a decision on two of those ships until 2030, her spokesman said on Monday. The ministry decided last October to delay a tender for four warships, which was valued at 4 billion euros ($4.24 billion), to ensure that quality standards were met. A decision on two extra warships had initially been planned in 2030. "The need is there. Now the minister has decided to buy all six of the required MKS-180 ships," the spokesman said, without providing a new cost estimate for the programme. The new ships, to be delivered from 2023, will be used for attacking targets on land and underwater, as well as providing aerial protection to other vessels.

03 Feb 2017

Kongsberg Eyes Key Contract in German-Norwegian Submarine Deal

Norwegian conglomerate Kongsberg Gruppen aims to supply command and control systems to the submarines that Norway and Germany plan to order from Germany's Thyssenkrupp, a spokesman for the company said on Friday. The Norwegian and German governments on Friday said they aim to buy a combined six submarines, and that talks with Poland and the Netherlands could lead to further orders. "The (Norwegian) defence minister made it very clear today that one of the main reasons for choosing Thyssenkrupp was that it was the best solution for industrial partnerships," Kongsberg Gruppen spokesman Ronny Lie said. "It's no secret that we are very optimistic," he added. (Reporting by Joachim Dagenborg)

27 Aug 2016

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends, but strong growth in earnings. Kongsberg had operating revenues of 4.13 billion Norwegian crowns ($502.69 million) versus 4.21 billion crowns seen in Reuters poll, Q2 EBITDA 515 million crowns (Reuters poll 403 million crowns), resulting in a margin of 12.5 per cent. It saw Kongsberg Maritime revenue and margin level in H2 to be lower compared to H2 2015 and H1 2016. New orders during the quarter totalled MNOK 3,491, and the backlog at the end of the quarter amounted to million crowns 18.069. "Despite demanding markets for some parts of Kongsberg, we are reporting a good Q2.

17 Mar 2016

Finland Sells Stake in Patria to Kongsberg

The Finnish government said on Thursday it would sell 49.9 percent of the shares in defence group Patria to Norway's state-controlled Kongsberg Gruppen for 272 million euros ($308 million). Finland, which will retain the remaining stake, had struggled to find a suitable industrial investor for Patria after it had been forced to buy Airbus Group out of the company in 2014. Patria is seen as a nationally important company as its products include tanks and mortar systems and it handles maintenance tasks for Finland's military forces. Last year, Patria had sales of 428 million euros with an operating profit of 47 million euros. The partnership with Kongsberg will help Patria grow in a consolidating industry, the government said.

03 Jun 2015

What’s Next for Shipping?

Close to 1,000 maritime exhibitors showed off the breadth and diversity of the shipping industry at this week’s Nor-Shipping, the bi-annual event that opened in Oslo on 1 June. About 35,000 delegates from 70 countries are expected to attend more than 100 events during the weeklong event that celebrates its 50th anniversary this year. The speakers said that innovation and investment are key to boosting the maritime industry to new levels. A mix of geopolitics, regulatory pressure, innovation and business issues were discussed at the NorShipping. They also discussed important issues for shipping now and in the near future. Engineering experts at Nor-Shipping have called for more open-source systems to be used on vessels if shipping is to realize the efficiency goals for which it is striving.

19 Dec 2014

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen (Photo: DNV GL)

Henrik O. DNV GL president and CEO Henrik O. Madsen was appointed as chairman of the executive board of the Research Council of Norway. The executive board is the Research Council’s highest authority, and the newly appointed board will commence Jan 1. 2015. The main functions of the Research Council of Norway is to provide strategic policy input, administer research funding and serve as a meeting place for the development of research policy and dissemination of knowledge in Norway.

20 Jun 2014

Norway to Retain Statoil Stake

Prime Minister Erna Solberg (Photo: http://www.regjeringen.no)

Norway's right wing government will retain its current holding in oil and gas firm Statoil , backing off a pre-election proposal to cut the stake to about 50 percent from the current two thirds of the shares. The government led by the Conservative Prime Minister Erna Solberg has pledged to reduce the state's role in the economy to give the private sector more breathing space and shrink what it considers a bloated public sector. The government owns about a third of shares listed…

13 Aug 2013

Statoil Contracts Kongsberg for Subsea Structures

Pipeline End Module placed at the end of the pipeline to make it possible to clean (pigg) the pipeline and at the same time connecting it to the export line. Photo: Kongsberg

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tee’s, tie-in and connection systems for the Polarled gas pipeline. The contract was signed with Statoil on behalf of the partners in the joint venture for Polarled: Statoil, Petoro, OMV, Shell, TOTAL, RWE Dea, ConocoPhillips, Edison, Maersk Oil and GDF SUEZ. Polarled is a new 480-km long gas pipeline from Aasta Hansteen to the Nyhamna processing facility in Møre & Romsdal County.

15 May 2013

Kongsberg Upgrades Riser Management System

RMS 1.7 features 3D visualization of the riser system.

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned subsidiary of Kongsberg Gruppen ASA, announced  the latest release of the advanced Kongsberg Riser Management System (RMS), which introduces a number of new features developed to enhance situational awareness and improve data presentation. RMS is a real-time monitoring and decision support system for safe and optimal operation of drilling and work-over riser systems based on instrumented monitoring of critical parameters. The system is already in use by major operators worldwide.

01 May 2013

KOGT Establishes EAME HQ in Guildford, U.K.

Mike Topp

Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, established a new EAME (Europe, Africa, Middle East) headquarters in Guildford, U.K. The new office will provide sales and technical support to customers across the EAME region. The new office will be the focal point for all customers operating in the EAME region, initially concentrating on KOGT's solutions and services in the fields of process simulation and flow assurance projects as well as real-time information systems for drilling decision support.

17 Dec 2012

Kongsberg Oil & Gas Technologies Chosen

Sophisticated simulation tools to ensure efficient production at the Shetland Gas Plant processing terminal. Kongsberg Oil & Gas Technologies, a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), is pleased to announce a significant contract award from Total E&P Ltd and Dong E&P (UK) Ltd for the supply of a sophisticated Operator Decision Support system for the Laggan-Tormore project. The contract is for the design, build, installation, training and support of a Production Management System (PMS) and an Overall Flow Metering System (OFMS) that will be based at the Shetland Gas Plant processing terminal. The PMS is a dynamic…