Rolls-Royce: 50 Years of Azimuth Thruster Production
Marking 50 years since the delivery of its first azimuth thruster, Rolls-Royce held an event in Rauma, Finland to celebrate the occasion. Azimuthing thrusters, which today are one of Rolls-Royce’s most successful marine products, rotate through 360 degrees, providing propulsion and maneuverability, without the need for a rudder. Azimuthing thrusters power and position some of the world’s largest floating structures.
Torm Posts First Quarterly Profit in Five Years
Debt-stricken Danish tanker operator Torm has posted its first quarterly net profit in five years thanks to higher freight rates. The company swung to a net $8.6 million profit in January-March compared with a net loss of $222.6 million in the first quarter last year. "The combination of lower oil prices and wider refinery margins boosted the demand for transportation of refined oil products in the first quarter of 2015," Chief Executive Jacob Meldgaard said in the statement.
UK Register’s Largest Ship Docks in Southampton
The largest vessel registered in the UK Ship Register has arrived in Southampton today. CMA CGM Kerguelen, a 398-meter-long containership operated by the CMA CGM Group, is big enough to pack five and a half A380 Airbuses on. It is capable of carrying 17,772 TEU (twenty feet equivalent units) and is driven by an engine of 9,000 horsepower. Sir Alan Massey, Chief Executive of the Maritime and Coastguard Agency…
Hapag-Lloyd Sees Profit Jump in Q1
Hapag-Lloyd generated a profit in the first three months of this year, and concluded the first quarter with a profit of EUR 128.2 million (prior year period: EUR -119.1 million). EBITDA reached EUR 283.6 million (prior year period: EUR 2.9 million) and the underlying EBIT was EUR 160.5 million (prior year period: EUR -63.2 million). The sharp increase in profit was achieved in a challenging market environment, with an average freight rate in the first quarter of USD 1,331/TEU.
Baltika's DP and Autopilot Pass Ice Trials
The dynamic positioning control system and autopilot onboard the icebreaking rescue and emergency vessel Baltika have been approved as meeting performance expectations, following a set of Arctic ice trials in the Kara Sea. Developed by Finnish company Aker Arctic Technology, Baltika is the first ship ever built with an asymmetric hull that allows her to break ice not only ahead and astern, but also at an oblique angle.
Trinidad and Tobago Orders 12 Coastal Patrol Craft
Following a four-year acquisition program, the Government of Trinidad and Tobago has agreed to purchase 12 vessels for the Trinidad and Tobago Defense Force from Damen Shipyards, the shipbuilder announced today. The signing ceremony, which took place at the Ministry of National Security, was attended by Permanent Secretary Carl A. Francis on behalf of the Ministry of National Security and Damen Sales Director Americas Sander van Oord.
Barillec to Present ‘Marine Apps’
Barillec informs it has chosen the Electric & Hybrid Marine Expo to unveil its new identity and to present its “Marine Apps”. The show will be held in Amsterdam, The Netherlands, from June 23-25. Barillec develops marine applications based on 60 years of global experience in marine electricity and electronics, including energy conversion and monitoring and controls to manage ship propulsion and power generation.
ULSTEIN Reports ‘Good Results’ for 2014
Ulstein Group said it achieved a “good result” for 2014, with an operating turnover of NOK 2.7 billion compared to 2013’s NOK 2.3 billion. Meanwhile, the group’s operating profit of NOK 184.1 million comes in under the NOK 317.8 million operating profit for 2013, while the 2014 operating result before tax of NOK 167.7 million is again lower than NOK 360.8 million for 2013. “We are pleased with last year’s figures. Today’s market is tough, and we are preparing for even harder times to come.
Yemen War Risk Could Strangle Sea Trade Routes
With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily.
Maersk Beats Forecasts, Loses Shipping Market Share
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping business reported a jump in net profit to $714 million from $454 million, due largely to lower bunker fuel prices, analysts noted the Danish conglomerate failed to announce divestments or investor perks such as share buybacks and additional dividends…
Offshore Oil & Gas: Floating Production Market a Bright Spot
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU was ordered and a modified LNG tanker has been leased for storage use. Looking forward, we are tracking 30 projects considered likely to generate contracts for floating production units over the next 18 months.
HHI to Industrialize GTT’s Mark V Technology
GTT (Gaztransport & Technigaz) has signed a cooperation agreement with the South Korean Shipbuilder Hyundai Heavy Industries (HHI) for the industrialization of GTT’s new Mark V technology.
Iran Complains of Foiled Yemen Aid as Ship Standoff Looms
Iran complained to the United Nations Security Council of the Saudi Arabia-led coalition's forces hindering its attempts to send aid to Yemen as a standoff loomed…
USCG Releases Recreational Boating Report
The U.S. Coast Guard (USCG) released its 2014 Recreational Boating Statistics, revealing boating fatalities that year totaled 610, the second-lowest number of yearly boating fatalities on record.
Massive Pumping Station Transported
Norway’s Royal Transport was recently assigned the task of moving a 420 t pumping station in Bergen. For this, the company used two self propelled platform trailers: one second-generation (G2) MHD SPE and a first-generation (G1) MHD SP from NICOLAS. For this assignment, Royal Transport rented a MHD G1 SP to combine the vehicle with the company´s own MHD G2 SPE. “The idea was to combine an electronically with a mechanically-steered vehicle in a loose coupling mode.
Panama Canal Sees Record Grain, Salt Cargoes
From October 2014 through March 2015, cargo shipments in dry bulkers through the Panama Canal increased by 8 percent, equaling 66 million long tons in total. During this time, the Panama Canal registered more than 2,008 transits of dry bulkers, which is 257 more transits compared to the previous fiscal year. The surge in cargo traffic was driven mainly by grains, salt, minerals, metals and manufactures of iron and steel.
New MERUS Rings Aboard River Countess
Uniworld’s river cruise vessel River Countess set sail to cruise the lagoon of Venice and the thereto connected river delta. For doing so in accordance with the standards required for the Uniworld fleet, the vessel was equipped with MERUS rings for the complete domestic water system. Pronomar said it protected various applications on the River Countess by installing the MERUS technology at the hydrophore for the complete cold water system…
Yemen Says Iran to Blame for Any Incident Sparked by Cargo Ship
Iran said earlier on Wednesday it would not allow Saudi Arabia-led coalition forces to inspect the ship, which it says contains humanitarian aid. The ship left Iran…
Marine Travelift Delivers Boat Hoist to Ancora Marina
Ancora Marina in Neustadt, Germany, took delivery of a new Marine Travelift 75 BFMII mobile boat hoist, Marine Travelift Inc. announced today. Ancora Marina is located on the Bay of Lübeck in Schleswig-Holstein, northeast of Hamburg and southeast of Kiel. The new 75 BFMII is the marina’s fourth mobile boat hoist from Marine Travelift, and it replaces a 1988 Marine Travelift 70 BFM and a 1992 70 BFM. According to Michael Wippern from Dr. Ing.
CaroTrans Adds Direct Montreal-Le Havre Service
Global non-vessel operating common carrier (NVOCC) and ocean freight consolidator CaroTrans today announced a new weekly less than container load (LCL) service from Montreal to Le Havre, France.