Vacon Inaugurates New Factory In China
The global AC drives manufacturer Vacon inaugurated their new factory in Suzhou on 11 May 2011. Present at the inauguration ceremony were Consul General of Finland in Shanghai Mr Matti Heimonen…
Huntington Ingalls Industries Reports Q1 Results
NEWPORT NEWS, Va., May 11, 2011 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE:HII) reported first quarter 2011 sales of $1.68 billion, down 1.6 percent from the same period last year, and operating margin of 5.0 percent, essentially flat year over year. First quarter earnings per share was $0.92, up from $0.85 in 2010. New business awards for the 2011 first quarter totaled $1.7 billion, bringing total backlog to $17.4 billion as of March 31, 2011.
Wilhelmsen Watching Cruise and Energy Markets
“While the shape of the shipping industry in North America is fairly stable, we are expecting more global demand for our services from our cruise and offshore customers,” comments Philip Bannerman, Sales Director for Wilhelmsen Ships Service in the Americas. Bannerman, who is based at the company’s Houston, Texas office, also believes that Mexico has more potential for development. Commenting on the overall health of the ships agency business in North America…
Keppel Wins Twin Jackup Rig Order
Keppel FELS Limited (Keppel FELS) has secured contracts to build two high-specification KFELS B Class Bigfoot jackup rigs from returning customer Gulf Drilling International Ltd. (q.s.c.) (GDI) of Qatar, worth about US$393 million. These latest contracts follow closely after Keppel FELS was awarded a newbuild jackup rig contract by one of GDI's Shareholders, Japan Drilling Company, in March this year.
MOL On Time Arrival Performance Results
ROTTERDAM, 11 May 2011 – MOL today updated On Time Arrival Performance results for January - March 2011 for the major East-West trade lanes for quarterly report as an effort of upgrading and improving the quality of services MOL Liner offers. Scope of trade lanes is Asia-U.S. West Coast, Asia – U.S. East Coast, Transatlantic, and Asia – Europe. When a vessel arrives in the first port of destination area for both directions…
Teledyne Wins $9M LSS GMM Contract
THOUSAND OAKS, Calif. – May 10, 2011 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Brown Engineering, Inc., in Huntsville, Ala., was awarded a $9 million contract from Northrop Grumman Corporation (NYSE:NOC) to manufacture four Littoral Combat Ship (LCS) Gun Mission Modules (GMM). Teledyne Brown will manufacture each of the modules and assemble and test them at the company’s Huntsville manufacturing facility.
Anti-pollution Efforts Rewarded with Research Prize
Professors Olav Bolland and Hallvard Svendsen have won Statoil’s 2011 research prize for their work on enhancing carbon capture understanding and processes for reducing emissions. The prize of NOK 200,000 and an artwork by Roar Wold was awarded by Tor Ulleberg, vice president Oil and gas value chain in Statoil Research & Development during the Technoport awards in Trondheim on 10 May. “Through their efforts over many years…
Cargotec Delivers Cranes for Volstad OCV
In April Cargotec secured an order to supply two active heave-compensated (AHC) cranes for Volstad Maritime's large offshore construction vessel (OCV) on order at Bergen Group Fosen shipyard in Norway (hull 89), which is scheduled for delivery in the second quarter of 2012. The contract comprises a 250-tonne MacGregor AHC subsea crane and a 15-tonne MacGregor AHC offshore crane. The advanced OCV is an ST-259-CD design from Skipsteknisk, and is 125m long and 25m wide.
Sinopacific’s Zhejiang Shipyard Starts SPP17 PSV Ship
On the morning of May 9, 2011, Sinopacific Shipbuilding Group’s Zhejiang Shipyard started work on the manufacture of the SPP17 PSV series of offshore support vessel for France’s Bourbon Company. This is the eighth ship to be manufactured on the company’s small ship line, and this ship is to be certified by American Bureau of Shipping (ABS). The SPP17 PSV ship is another model autonomously designed by Sinopacific Shipbuilding Group, following after the SPA80 AHTS ship.
General Dynamics NASSCO Marks Keel Laying of Navy T-AKE Class Auxiliary Ship
Successful program establishes foundation for future projects. SAN DIEGO – General Dynamics NASSCO hosted a keel laying ceremony for the Lewis and Clark class dry cargo-ammunition ship T-AKE 14 at the company’s shipyard in San Diego. Mrs. Min Kaskin served as keel authenticator for the ceremony. She is the wife of Jonathan D. Kaskin, Director, Strategic Mobility/Combat Logistics Division, Office of the Chief of Naval Operations. Mrs.
PNW Coast Guard Foundation Awards Dinner
Stonington, Conn. – The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced today that its Annual Pacific Northwest Awards Dinner in tribute to the United States Coast Guard will take place on Wednesday, May 25, 2011 in Seattle, Washington. Honoring the heroic efforts performed in the Pacific Northwest over the past year and recognizing the service of those who enforce maritime law…
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