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Product Carrier Ships News

04 Jul 2015

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System. PERTAMINA, a company based in Jakarta, Indonesia, signed a contract with SENER Ingeniería y Sistemas S.A. (SENER) for the use of the FORAN FVIEWER application in the coming years. FVIEWER is part of the FORAN System, developed by SENER, and conducts an immersive navigation throughout the 3D model of the ship, allowing to query the model for properties and attributes, checking visual interferences and making annotations. The solution has the necessary capabilities to measure clearances and distances and to study ergonomics in complex areas such as the engine room.

24 Jul 2013

General Dynamics Reports Q2 2013 Results

General Dynamics (GD) today reported second-quarter 2013 net earnings of $640 million, or $1.81 per share on a diluted basis, compared to 2012 second-quarter net earnings of $634 million, or $1.77 per diluted share. Second-quarter 2013 revenues were $7.9 billion. Company-wide operating margins for the second quarter of 2013 were 12.1%, consistent with second-quarter 2012 margins. Each of the company’s four segments delivered margin expansion over the first quarter of 2013. Net cash provided by operating activities in second-quarter 2013 totaled $579 million. Free cash flow from operations, defined as net cash provided by operating activities less capital expenditures, was $486 million in the quarter. The company repurchased 6.6 million outstanding shares in the second quarter.