2007 was a hectic year for the Ulstein Group, with all of its companies running at full capacity. The Group had NOK 1.97 billion in turnover and an operating profit of NOK 194 million, the best cumulative profit result since 1999. In recent years the Ulstein Group has spent a great deal of time developing new products and work processes. In 2007 the Group delivered comprehensive design and equipment packages to shipowners in , and . It also built three ships, one of which, the Normand Seven, was named Ship of the Year for 2007. The Electro department has used great resources in the development of new products, but achieving revenue growth here has not been easy. Even satisfactory capacity utilisation within systems and service, electronics, automation and installation wasn’t enough to produce positive results totally. 2007 profits are due in large part to good results from the shipping segment. Solid and systematic innovation work will almost always bear fruit, directly or indirectly, in the long term, Ulstein says.
Danish shipping and oil group A.P. Moeller, Denmark's biggest private enterprise, said that it expects full-year 2000 earnings of its two main business areas to exceed 1999 levels. "For the year 2000 the combined shipping activities are expected to generate a result before special items that is somewhat above the result for 1999." "After special items and after tax a result significantly above that of 1999 is expected," the group said.
Smit International NV announced that net earnings for 2005 have risen by nearly 40% to EUR 38.3 million. Despite facing a heavier tax burden of 30% (up from 24% in 2004), the divisions Harbor Towage, Terminals and Transport & Heavy Lift achieved better results in comparison to 2004. The Salvage division performed well above the so called historical average. SMIT has served the maritime sector for more than 160 years. SMIT’s services are organised into four Divisions:
Smit International announced that its mid-year results saw profits soar 60% from EUR 29.7 million to EUR 47.5 million, driven by an extremely busy six months and good results in its salvage division, and strong pricing and utilization in its Transport & Heavy Lift Division. "The exceptionally high results in the second half of 2006 were continued in the first half of 2007, with our net profit rising 60% relative to the first half of 2006,” said CEO Ben Vree
STX Offshore & Shipbuilding received an order for a next generation naval test ship from Agency for Defense Development (ADD). The ship will support marine weapon system tests and conducts environmental surveys on the test sea area. The vessel, worth around $359m, weighs 1,200 tons and is able to accommodate about 30 people. The ship, with 4,000 nautical miles, is scheduled to be delivered to ADD in May 2012.
Matson, Inc. a leading U.S. carrier in the Pacific, report net income of $20.1 million, or $0.47 per diluted share for the quarter ended June 30, 2013. Net income for the quarter ended June 30, 2012 was $7.8 million, or $0.18 per diluted share. Consolidated revenue for the second quarter 2013 was $416.6 million compared with $394.2 million reported for the second quarter 2012. Matt Cox, Matson's President and Chief Executive Officer commented, "We had another solid quarter
Hardware and towage group Howard Smith Ltd. pointed to a difficult market for its main hardware and industrial supplies businesses on Tuesday, after posting a flat half year result. Although recent data pointed to a housing recovery, actual spending on hardware was expected to lag housing approvals and a break in economic conditions was not expected until at least mid-year. "The outlook for the next four months is tough
The North of England P&I club's overall free reserves at 20 February 2004 increased by 34 % to reach US$ 133.5 million despite a difficult year for claims. The 50 million GT club's accounts for the 2003/04 year, which have just been approved by the directors, show a substantial improvement in investment return and further consolidation of the A- rated club's financial position. The P&I class investment portfolio, which remains conservatively structured with 72.5 % in bonds and cash and 27
Geir Håøy has been appointed President of Kongsberg Maritime and will join the Group Corporate Management Team in KONGSBERG. Håøy has worked for Kongsberg since June 1993, holding various management positions since 1996. Håøy succeeds Torfinn Kildal, President of Kongsberg Maritime since 1999. Håøy has broad international experience from different positions in Kongsberg Maritime
Ulstein delivers second PX121 Platform Supply Vessel (PSV) 'Blue Prosper' to Blue Ship Invest. “This project has flowed really well, and we’ve been able to draw on the experiences we made when building the first vessel in this series, ‘Blue Fighter’, says Karsten Sævik, Managing Director of Ulstein Verft. “The vessels were ordered based on market trends showing a future increase in demand for this type of PSV
Moody's Investors Service has upgraded CMA CGM S.A.'s corporate family rating (CFR) to B2 from B3 and the company's probability of default rating to B2-PD from B3-PD. Concurrently, the rating agency has upgraded to Caa1 (LGD5/84) from Caa2 (LGD5/80) CMA CGM's EUR325 million and $475 million worth
A little more than two years after laying the foundation stone, Eni has opened its new Green Data Center in Ferrera Erbognone (Pavia). The building will host Eni’s central computer processing systems, both for information management and seismic simulation processing (High Performance
The Danish company Bawat A / S has developed an in- tank system to treat ballast water on ships where the treatment is conducted while the ship is under way, unlike the existing in-line systems where processing is carried out when the ship is in port.
Stephen Hammond, Parliamentary Under-Secretary of State for Transport, United Kingdom, welcomed delegates to the 28th IMO Assembly, the Organization's highest governing body, on behalf of the host Government. In his opening address
Dutch dredging & marine specialists, Royal Boskalis Westminster N.V. (Boskalis) report revenue & profit higher than in the first half of 2012. The order book increased in recent months and stood at a new record high of EUR 4 billion at the end of the third quarter
Simmons & Co in Aberdeen completed 14 deals in 2012 valued $2.3-billion, more than double the 2011 total value. The corporate finance advisers to the energy sector have played a significant role in many of the most prominent transactions that took place across the oil and gas service sector
Becker Marine Systems continues to focus on energy savings. The new product innovation for container ships and other fast vessels was developed with the combined expertise acquired from Becker rudders for fast ships and the Becker Mewis Duct for slower vessels
Navico — selling under the Lowrance, Simrad and B&G brands — announced its operational performance results for the fourth quarter and the year ending December 31, 2012. Revenue in the fourth quarter increased by 27% compared to the same period in 2011
Designers, builders & propellor suppliers employ latest technologies to achieve good results in sea trials of the latest 'Seahorse 35000' bulk carrier. The combined efforts of Stone Marine Propulsion, the NPT propellers designers and manufacturers
Ulstein Group report an operating income of NOK 2.27 billion and an operating profit of NOK 228 million in their 2012 financial report. *Operating income: NOK 2.27 billion (2011: NOK 2.06 billion) *Operating profit: NOK 228.0 million (2011: NOK 253.7 million)
DNV said its continued focus on safety and service quality and the ability to provide leading-edge technology advice and solutions contributed to its market and financial performance in 2012. The company reported that revenues increased by 27% compared to 2011
2012 was a challenging year for the Dutch shipbuilding industry. In general, the industry was able to achieve relatively good results. The various shipbuilding categories however showed a mixed picture. Holland Shipbuilding Association hereby presents you a statistical overview of the Dutch
MAN Diesel & Turbo reinforces its long-standing collaboration with SpecTec Group, selecting AMOS software as assisting training tool to be used at the MAN PrimeServ Academy in Copenhagen. With the intent to further improve its hands-on training courses
The Hatlapa shareholders have entered into an agreement with Cargotec´s MacGregor to transfer all company shares and to integrate the merchant ship and offshore deck equipment business into the MacGregor portfolio. MacGregor offers integrated cargo flow solutions for maritime
In accordance with the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act, Concordia Maritime published its interim report for 2013. Highlights are as follows: Interim Report 1 January – 30 June 2013 •Positive view of the product tanker market