Huntington Ingalls Industries Reports 4Q and 2012 Results
Huntington Ingalls Industries (NYSE: HII) reported fourth quarter 2012 revenues of $1.82 billion, up 5.1 percent from the same period last year. Segment operating income for the fourth quarter was $140 million, compared to $127 million in the same period last year. Total operating income for the fourth quarter was $106 million, compared to $121 million in the same period last year. Pension-adjusted total operating income for the fourth quarter was $131 million…
Golden Stena Weco Invests in New Tanker
The shipping and chartering company Golden Stena Weco has invested in an additional product tanker. The 9,000 dwt vessel, the Golden Avenue, will transport palm…
MacGregor Secures Eight Additional PIL Container Ships
MacGregor, part of Cargotec, has secured a further order from Dalian Shipbuilding Industry Co Ltd, in China, for its variable frequency drive (VFD) electric cranes.
Travelers Appoints Bill Queen as President of Ocean Marine
The Travelers Companies, Inc. announced that Bill Queen has been named President of Travelers Ocean Marine. In this role, Queen is responsible for the overall leadership and management of the Travelers Ocean Marine business. "Bill's extensive management experience has prepared him well for this role," said Jim Chapman, President of the Travelers First Party Group. Since joining the First Party Group four years ago, Queen has become increasingly involved with the Ocean Marine organization.
MHI to Implement Corporate Reorganization
Effective April 1 Mitsubishi Heavy Industries, Ltd. (MHI) will implement a complete reorganization of its corporate sector. The move, which is aimed at taking current…
RINA and IB Partner for Ship Management Software Suite
International classification society RINA Group has partnered with Italian software house IB to distribute a software suite aimed at improving ship and fleet operation across the board. The InfoSHIP suite is made up of a number of modules which together can be used to improve efficiency across any type of ship or fleet management. Paolo Moretti, General Manager, Business Line Marine, RINA Group, says, “Efficient ship and fleet management depends on managing information in the right way.
FarSounder Moves to New Global Headquarters
FarSounder, Inc. announced the move to their new Global Headquarters in Warwick, Rhode Island. The move enables consolidation and expansion of their corporate and sales offices…
Europe Deliberates Avoidance of a Second 'Deepwater Horizon'
A provisional deal on proposed legislation for the safety of offshore oil and gas operations has been struck by MEPs and Council negotiators. Before oil and gas firms can get a licence to drill…
MHI Plan Corporate Makeover
MHI sets targets on enhanced business sophistication and efficiency, stronger support of globalization drive. Effective April 1, 2013, Mitsubishi Heavy Industries, Ltd.
Costa Concordia Victims Win U.S. Jurisdiction Victory
Survivors of the Costa Concordia grounding win a huge victory in the United States District Court for the Southern District of Florida. The District Judge ordered…
Milestone Tankship Refit at Portugal's Lisnave Shipyard
The 107,123 dwt 'Eagle Turin', owned by AET is the 100th tankship refit project to be handled at Lisnave. This milestone in today’s highly competitive ship refit market, has been achieved over a period of 15 years, it being the second time that this particular tanker has visited Lisnave for general refits. The first tanker refit project from AET was received by Lisnave during 1998 – the 102,352 dwt Eagle Auriga arriving in March of that year.
Aker Acquire Specialized Drilling Firm
Aker Solutions acquires managed pressure drilling specialist Managed Pressure Operations (MPO). Managed Pressure Operations International, Ltd. (MPO) is a company that has successfully developed the next generation of continuous circulation, riser gas handling and managed pressure drilling systems. The main rationale for using managed pressure drilling is to improve safety and efficiency, enable access to new fields with challenging drilling conditions, and enhance the life of mature fields.
Global Ocean Commission Invites Industry Input
The Global Ocean Commission name chairs of a special plenary Sustainable Ocean Summit session to be held in Washington DC, in April 2013. Global Ocean Commission…
Offshore Large IMR Vessel Delivered to Bourbon
Bourbon takes delivery of the 3rd vessel in the large Inspection, Maintenance, Repair (IMR) series for the offshore industry. The Bourbon Evolution 803 is the latest in a series of vessels designed to operate in complete safety at depths of 3000 meters. The first two sisterships already operate in West Africa. Resource exploration is going into increasingly deep waters and the new milestone for oil and gas marine industry operations is now at 2,500 to 3,000 meters.
Proposed Canadian LNG Export Terminal Gets License
The federal government approves a 25-year export licence for shipping LNG from Kitimat, a West Coast terminal proposed by a Shell consortium . The licence awarded to LNG Canada, a consortium of Shell, Korea Gas Corp., Mitsubishi Corp., and PetroChina International, will allow the export of up to 24 million tonnes of LNG per year, the largest of three export licences awarded to date, according to The Canadian Press. The LNG Canada terminal is one of five proposed for the B.C.
Crystal Cruises' Bookings Surge
Crystal Cruises reports a 38% increase in advance bookings & an increase of $93 million in revenue over the same time last year. The cruise line says it kicked off 2013 with 'Book Now Fares', direct mail increases, strong travel agent promotional support worldwide, and robust onboard bookings. In just the past two months, Crystal has also reaped a half dozen travel magazine awards voted by the traveling public and professional travel agents…
Wärtsilä Publish New Global Supplier Handbook
The new handbook explains the standards required of all existing and potential suppliers. This is the first time that all of Wärtsilä’s requirements and standards have been gathered into a single, easy-to-read overview. The handbook is also testimony to the many years of dedicated work performed at Wärtsilä to achieve a sustainable, world class supply chain. We strive for world-class performance in quality and on-time delivery.
New Ship Emergency Kit for Passengers, Not Crew
Cruise Ship Emergency Kits launched by Get Ready Room in response to the escalation of cruise disasters. According to USA Today, over 10 million Americans every year vacation on a cruise.
Shipyards in NE England Buzzing with Activity
The month of January 2013 was again a very busy month for A&P Shipyards in the northeast of England. Longstone (Andrew Weir Shipping) - undocked early January after…
Lifetime Achievement Award for MTN Technocrat
MTN grants Lifetime Achievement Award to pioneer of broadband communications at sea, Richard Hadsall. The CEO and president of MTN Satellite Communications (MTN), Errol Olivier resently made the award at the company's Town Hall. Richard Hadsall , chief technology officer of MTN Government Services, pioneered the first C-band and Ku-band satellite broadband communications (TV, voice and data) at sea in the 1980s.