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M/V MERLIN

Aker Solutions Revenue Steady

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Sales NOK 8 billion in 2Q 2015 vs NOK 8.1 billion in 2Q 2014 Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 547 million vs NOK 608 million a year earlier EBITDA margin 6.8% vs 7.5% a year earlier EBITDA margin ex. one-off items 7.6% vs 7.5% a year earlier EBIT NOK 376 million vs NOK 472 million a year earlier EBIT margin 4.7% vs 5.9% a year earlier EBIT margin ex. one-off items 5.5% vs 5.9% a year earlier  Earnings per share (EPS) NOK 0.73 vs NOK 1.41 a year earlier Order intake NOK 3.4 billion vs NOK 21.4 billion a year earlier (includes NOK 14 billion Kaombo contract) Order backlog NOK 44 billion vs NOK 53.9 billion a year earlier Aker Solutions' revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Aker Solutions secured NOK 3.4 billion in orders in the quarter, including a key maintenance, modifications and operations contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada. The company won strategically significant orders for early-phase studies for existing and potential offshore field developments in Malaysia, Australia, the Gulf of Mexico and Norway, including the Barents Sea


Crewboat Merlin Tide Sold to European Buyers

Photo: Marcon International

Marcon International, Inc. of Coupeville, Washington has announced that Tidewater Marine International Inc. has sold its44.2m x 8.1m x 3.6m depth / 1.7m draft, 168mtdw, high-speed, aluminum crew / supply vessel Merlin Tide\ to private European operators for continued operation in oilfield service. Built by Swiftships Shipbuilders LLC of Morgan City, Louisiana for Tidewater as Hull 524 in 1999, the vessel is powered by five 956kW Cummins KTA 38M2 diesels developing a total of 6,600BHP at 1


Canyon ROV Rescues Manned Submersible

Canyon Offshore has successfully rescued a diver trapped in a manned submersible in 1800 ft. of water in the Gulf of Mexico. The submersible was attempting to perform intervention tasks on a client’s subsea well when the tool seized at the work site. The M/V Merlin, outfitted with a TRITON XL work class ROV, immediately deployed to the site to assist with the recovery. The ROV dove to 1800 ft., releasing the tool and the submersible approximately five minutes after reaching the immobilized


HMS Portland Sails After Upkeep Period

Type 23 frigate HMS Portland has been handed back to the Fleet following a nine-month upkeep period completed by Fleet Support Limited (FSL) in Portsmouth. The Devonport-based ship then sailed from Portsmouth on the same day to start a programme of crew training in the South West in preparation for deployment in early summer. FSL has carried out an extensive enhancement and maintenance package on the 1999-built ship that has kept some 150 personnel busy.


MS EUROPA Sails into B+V Repair

The MS EUROPA, a 5-star-plus luxury cruise liner of Hapag Lloyd Kreuzfahrten GmbH arrived in the morning of 31 August 2004 at dock 10 of Blohm + Voss Repair GmbH. After its stay at the shipyard, the MS EUROPA will be setting off restyled for a 19-day. The cruise will start from Hamburg to Norway, Iceland, Greenland and on to Montreal.


Milaha Reports Improved Net Profit for Q1

HE Sheikh Ali bin Jassim Al Thani

Qatar Navigation (Milaha) Q.S.C. has announced its financial results for the three months ended March 31, 2015, in which it reported operating revenues of QR 786 million vs. QR 699 million for the same period in 2014, an increase of 12% quarter over quarter. Operating profit of QR 279 million vs. QR 273 million for the same period in 2014, an increase of 2% quarter over quarter, net profit of QR 365 million vs. QR 349 million for the same period in 2014


Aker Yards to Build PSV

Aker Yards has confirmed an optional agreement with Siem Offshore Inc for the building of two Platform Supply Vessels. The value of the contract is approximately NOK 275 million. Delivery is scheduled for second quarter 2007 from Aker Yards, Aukra. The vessels are of Vik Sandvik design, VS 470 Mk II. The vessels will be equipped with dynamic positioning, special product tanks, azimuth thrusters and accommodation for 34 persons.


Siem Acquires PSV Contract

Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.


Maritime Security Meeting Set for SMM ‘08

The security of shipping channels has become an important concern in view of the growing threat to international shipping. This development is met by the International Conference “Maritime Security & Defence” (MS&D) held in Hamburg for the first time during the SMM 2008, shipbuilding, machinery & marine technology international trade fair hamburg, at the Hamburg Fair site on 24 and 25 September 2008. There are close links between the subject matter of the MS&D and the international


Grasso Elected President WISTA USA

At its annual general meeting in in May, Jeanne M. Grasso was elected President of the Women’s International Shipping and Trading Association (WISTA) . As President of WISTA USA, Ms. Grasso will serve as a member of the six-person elected board, which includes: Vice President Linda Turnbow (Ocean Shipholdings, Inc.); Treasurer Kathleen Haines (formerly of OMI Corporation); Membership Secretary Parker Harrison (American Steamship Owners Mutual Protection and Indemnity Association, Inc


‘World’s Greenest Cruise Ship’ Construction Underway

Hurtigruten CEO Daniel Skjeldam (right) officially started the construction of MS Roald Amundsen at Kleven Yards, Norway. Kleven CEO Ståle Rasmussen (left). (Photo: Hurtigruten)

Hurtigruten CEO Daniel Skjeldam pressed the button to officially kick off the construction of hybrid expedition cruise ship MS Roald Amundsen – “the greenest cruise ship the world has ever seen,” according to the ship owner.  


Golden Ocean CEO Takes Comfort in Dry Bulk Order Book at 15-year Low

** Dry bulk shipper Golden Ocean's CEO Birgitte Ringstad Vartdal says industry now faces more positive outlook after market brutal downturn ** Says demand is picking up, supported by increase in steel consumptions both in China and in the rest of the world; coal demand is a swing factor


Seagoing Work Experience Working

For Canberra College Senior Cameron Moncrieff, taking part in the inaugural Defence Work Experience Program - Women in Navy Leadership Camp at HMAS Creswell has paved the way for a career in the Australian Defence Force. Photo: Royal Australian Navy.

 Work experience opportunities are giving students with an interest Defence careers a chance to get hands-on with Navy life, getting to sea and understanding the roles that might start the passion of a lifetime.   For Canberra College Senior Cameron Moncrieff


DP World’s Net Income Exceed USD 1 Bln for First Time

DP World London Gateway. Photo: DP World

 Dubai-based port and terminal operator DP World announced strong financial results from its global portfolio for the twelve months ending 31 December 2016, despite “significant challenges” in the industry.   On a reported basis, revenue grew 4


Vestdavit Offers Speed Boost or Power Saving Choice

Photo: Vestdavit

Client consultation and a full internal technical review have prompted Vestdavit to refine lifting speed vs power options available across its entire davits range. The boat handling specialist has been focusing on how best to optimize equipment hoisting and lowering speeds within available power


Bath Iron Works Lays Keel of DDG 1002

General Dynamics Bath Iron Works celebrated the keel laying of the third and final Zumwalt-class destroyer, future USS Lyndon B. Johnson (DDG 1002), on January 30.   The U.S. Navy named the ship in honor of President Lyndon B. Johnson, the 36th president of the United States


Two New Response Boats for Jordan

This award brings the total number of RB-M’s to 176 built by Team RB-M. (Photo: Fincantieri Marinette Marine)

Fincantieri Marinette Marine (FMM) said it has been awarded a U.S. Coast Guard contract for two additional Response Boats–Medium (RB-Ms) vessels as part of a Foreign Military Sale to The Hashemite Kingdom of Jordan.   This award brings the total number of RB-Ms to 176 built by Team


Richmond Express Starts Operation at RMT

Barge Photo Virginia Port Authority

The Port of Virginia’s new barge – the Richmond Express arrived in the Norfolk Harbor and scheduled to sail Sunday and be at Richmond Marine Terminal (RMT) Monday, Feb. 6. This new barge helps reduce congestion on I-64 and wear-and-tear on the road by taking trucks off of that


Norway to Buy Submarines from Germany

HDW Class 212A Sub. Photo: ThyssenKrupp Marine Systems GmbH

 Norway plans to buy four submarines and Germany two in a bid to strengthen strategic partnership, says a report in Reuters.   Defence Minister Ine Eriksen Soreide confirmed that the the government plans to invest in four new subs from Thyssenkrupp (TKMS).   


FUSION, Ribeye Join forces

Option offered for either the FUSION BB100 Black Box Entertainment System or the compact RA70 Stereo on Ribeye’s full Rigid Inflatable Boat (RIB) range, as well as Signature Series Speakers on the PRIME Series. Photo FUSION

FUSION announced today that it signed a partnership with Ribeye Ltd. Under the terms of the agreement, Ribeye’s full Rigid Inflatable Boat (RIB) range will be offered with the option of either the FUSION BB100 Black Box Entertainment System or the compact RA70 Stereo


Singapore Wants New Gas Projects

Arve Johan Kalleklev, regional manager, DNV GL – Oil & Gas South East Asia & Australia. Photo: DNV GL

 New research by DNV GL, the technical advisor to the oil and gas industry, has revealed that more oil and gas professionals in Singapore (46%) than globally (31%) are looking for new gas projects.    Nearly nine out of ten respondents (87%) believe that gas will become an


Cruise ship 'Albatros' visits Townsville

MS Albatros Photo Port of Townsville Limited

MS Albatros, operated by German-based travel agency Phoenix Reisen, will visit Townsville tomorrow carrying approximately 612 passengers and 345 crew. This beautiful retro-style ship was built in 1973 by Wärtsilä Helsinki New Shipyard Finland and has been extensively refurbished over


Kelvin Hughes radar for RN's River-class OPVs

A world leader in the design and manufacture of navigation and security surveillance radar, Kelvin Hughes announced in April 2015 that it had been selected to supply its SharpEye systems for the new Batch 2 River-class offshore patrol vessels (OPVs) - HMS Forth, HMS Medway and HMS Trent.


Teekay Offshore Sees Profit Drop

Pic: Teekay Offshore

 Teekay Offshore Partners has reported GAAP net income attributable to the partners and preferred unitholders of $92.0 million and adjusted net income attributable to the partners and preferred unitholders of $8.5 million in the fourth quarter of 2016.  


Haropa Ports sees double digit maritime trade with India

HAROPA is positioned as a major maritime hub in Europe, equipped with a competitive and sustainable logistics system. Photo HAROPA

France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel, , CEO - Port of Le Havre & President- HAROPA ports.   “We have received encouraging response from the Indian policy






 
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