MISC Group Q1 Financial Results
MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group Revenue, Operating Profit and Profit Before Tax for the Quarter Ended March 31, 2019Group revenue for the quarter ended March 31,2019 of $544 million was 12.7% higher than the corresponding quarter’s revenue of $482 million.
KVH Appoints Loke VP Asia Pacific
KVH Industries (Nasdaq: KVHI) said that Ken Loke has been named Vice President – Asia Pacific, to direct all initiatives for KVH in this region. Loke has extensive experience in satellite and managed services with top companies active in the telecommunications and maritime industries. KVH provides connectivity solutions for the maritime market, including global mini-VSAT Broadbandsm services used by thousands of vessels worldwide.Prior to joining KVH, Loke held the positions of chief commercial officer and chief executive officer for Eutelsat – Asia Pacific…
Singapore Opens 24/7 Maritime Cybersecurity Center
Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC) yesterday (May 16). The MSOC will be operated by ST Engineering in its Hub.According to a press release from MPA, MSOC will conduct 24/7 monitoring and correlate data activities across all maritime Critical Information Infrastructure (CII). It will have the capability to (a) detect and monitor cyber-attacks by analysing activities in the IT environment…
Interview: Sebastiaan Bleuanus, Wärtsilä
The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Sebastiaan Bleuanus, GM for research coordination and funding, Wärtsilä.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.The last 15 years have seen a shift in legislative focus in two main areas; a tightening of the…
Interview: Edmonds Brown, Cummins, Inc.
The May 2019 edition of Maritime Reporter & Engineering News features a eight-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Edmonds Brown, Cummins, Inc., Commercial Marine Segment Leader.Please put in perspective and discuss the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry, my primary focus was working to achieve certification of Cummins’ marine engines for U.S.
Dublin Get Kalmar AutoRTG Cranes
The cargo handling solutions and services provider, Kalmar has concluded an agreement with Dublin Ferryport Terminals (DFT) to extend the Kalmar AutoRTG system at the terminal with two new AutoRTG cranes.The order was booked in Cargotec's 2019 Q2 order intake, with delivery of the machines scheduled to be completed during Q2 of 2020, Kalmar, part of Cargotec, said. Part of the container and terminal division of Irish Continental Group, DFT operates the most modern container terminal at Dublin Port, with an annual throughput of approximately 380,000 TEU.
Interview: Rolf Stiefel, Winterthur G&D
The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Rolf Stiefel, Vice President Sales, Winterthur Gas & Diesel Ltd., in its entirety.Please put in perspective and discuss – using your career as the time span – the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry (coming from the power generation markets) back in the early 2000’s…
Geoquip Marine Names Laloe as Director
Switzerland-headquartered geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry, has joined as an independent non-Executive Director.Jean-Luc originally entered the Offshore Engineering and Construction industry in 1980 and in the course of his career he has worked with Technip, Stolt Offshore, and Acergy /Subsea 7.
Interview: Dan Skjeldam, CEO, Hurtigruten
Building on its 125-year heritage, Norwegian shipowner Hurtigruten has become a leader in exploration travel offering voyages to more than 200 unique destinations in more than 30 countries ranging across the globe from the Arctic to the Antarctic and including cruises in Norway, Greenland, Svalbard, Iceland, Western Europe, and the Americas. In an interview with Maritime Reporter and Engineering News, Dan Skjeldam, the company’s CEO, emphasizes the need for the cruise industry…
MarTID 2019: Maritime Training Budgets Rise
Maritime training budgets continue to trend upwards, compared to the year before: more than 52% of vessel operators reported an increase in training budget, while over 62% of METI reported a larger budget for training. Around 60% of operators and 68% of METIs expect further increases in their training budget for the coming year.These are preliminary findings from the second annual global Maritime Training Insights Database (MarTID) survey. Full results will be published first…
Port of Brownsville Connector Cleared
The South Port Connector Road Project received environmental clearance from the Texas Department of Transportation (TxDOT) Pharr District Office, advancing the project to the construction phase.The project is part of the Cameron County Regional Mobility Authority’s (CCRMA) East Loop Corridor plan. When complete, the South Port Connector Road will span two miles and will connect Ostos Road at the Port of Brownsville with State Highway 4.The project will enhance the port’s intermodal connectivity…
GasLog, GasLog Partners Name COO Designate
GasLog and GasLog Partners announced that Paolo Enoizi has been appointed as Chief Operating Officer (COO) Designate of GasLog and GasLog Partners.Paolo, who will be based in Piraeus, Greece, will take up his role in August 2019 and initially work alongside current COO Richard Sadler to ensure a smooth transition of responsibilities.On joining GasLog in August 2017 and in addition to his day-to-day responsibilities, Richard indicated his desire to work with the rest of the senior leadership team to identify a long-term successor for the COO role.
VT Halter Wins Historic $746m CG Contract
VT Halter Marine of Pascagoula, MS has emerged the victor in one of the most prized and coveted shipbuilding contracts in recent memory, a $746m deal to build the Coast Guard's lead Polar Security Cutter. If two additional ship options are exercised, the total deal could approach $2B.The U.S. Coast Guard and U.S. Navy, through an Integrated Program Office (IPO), awarded VT Halter Marine Inc., of Pascagoula, Mississippi, a fixed price incentive (firm) contract for the Detail Design and Construction (DD&C) of the Coast Guard’s lead Polar Security Cutter (PSC).
DP World, SMS Launch Boxbay
Global ports operator DP World and industrial engineering firm SMS Group announced "Boxbay", a new and 'smart' shipping container storage system that aims to change the way that containers are handled in ports.The patented design and rack structure of the system creates unique advantages with containers stored up to eleven stories high, delivering the capacity of a conventional terminal in a third of the surface area.By being fully automated it has direct access to each container, eliminating unpaid and unproductive reshuffling.
Matson Receives New Cranes
Acquisition part of $60 million investment in Honolulu terminal improvements.Matson has received three new 65 long-ton capacity gantry cranes at its Honolulu hub terminal at Sand Island. The biggest ship-to-shore container cranes to be deployed at any commercial harbor in Hawaii, the cranes arrived aboard a special heavy-lift vessel on Saturday and were positioned for discharge starting this morning. Matson's acquisition of the new cranes, along with the upgrading of three existing cranes and other improvements…
DEME Wins Elbe Deepening Contract
DEME, an international group of specialized companies involved in complex marine engineering works, has won a major contract to carry out the deepening of the Elbe fairway in Germany.The Belgian dredging, environmental and marine engineering group said that its German subsidiary Nordsee Nassbagger- und Tiefbau GmbH, based in Bremen, has acquired the maintenance dredging contract on the River Elbe in Germany.The contract has been awarded to a joint venture, including DEME’s German subsidiary, for a period of two years.
Top Honours for CMA CGM, Mrs Gina Lee-Wan
The global container shipping company CMA CGM Group and maritime lawyer Gina Lee-Wan, Partner and Co-Head of Maritime and Aviation Practice at Allen & Gledhill, recognised at Singapore International Maritime Awards 2019."CMA CGM and Mrs Gina have received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively," said a press release from the Maritime and Port Authority of Singapore (MPA).A world leader in maritime transportation, CMA CGM has been steadily expanding its presence in Singapore.
World’s Largest STS Transfer Hub Comes in Malaysia
KA Petra, a Malaysian ship-to-ship (STS) transfer specialist, has signed a Heads of Agreement (HOA) with Hutchison Port Holdings to jointly develop the world’s largest STS transfer hub in the country.Under the terms of the HOA, KA Petra will have 70% interest in the project, whilst Hutchison Ports will take a strategic 30% stake.Based on preliminary studies, construction of the STS Hub is estimated to cost USD150 million to USD180 million, and will be funded by a combination of internally generated funds and debt financing.
Nautilus Secures $11M in 'AI' Funding
Nautilus, the company building artificial intelligence for the maritime shipping industry, has announced $11M in Series A funding led by M12, Microsoft’s venture fund, along with Root Ventures. Existing and new investors including Quiet Capital, Trail Mix, and Amplifier Lab participated in the round, which brings Nautilus’ total funding raised to $14.5M.Nautilus was founded in 2016 to advance the efficiency of maritime shipping and build a more sustainable future for ocean commerce. Responsible for 90% of the world’s trade, ocean shipping consumes more than $100 billion in fuel every year.
KRAL Expands in France
The Austrian screw pump manufacturer founded KRAL SAS in March 2019 and is expanding its direct sales activities into France. The sales manager of the new KRAL SAS is Richard Fanget, who has more than 20 years of experience with pumps. After studying technology and economics, Fanget joined the pumps industry in the mid-1990s. As a business developer, he specialized in positive displacement pump technologies. His expertise is based on many years of experience working with the global players in this market segment…
Intermarine UK Names Agent for Greece, Cyprus
UK-based maritime engineering company Intermarine UK has appointed the shipping agent Olimpic as its representative in Greece and Cyprus.Intermarine President Slawomir Kalicki said the new agreement will see Olimpic charged with bringing Greek and Cypriot-owned and registered ships into its 2400 sqm ship repair facility in Portland Port on England’s south coast.Olimpic president Georgios Orfanos, who was born in Poland to Greek parents, said he will be bringing an extensive contact…
Fincantieri Cuts First Steel for Windstar
Today at Fincantieri’s Arsenale Triestino San Marco shipyard, in Trieste, Italy, first steel was cut for the first of three new ships sections as part of Windstar Cruises’s $250 million vessel overhaul program.Windstar’s Star Plus Initiative is a complex and comprehensive small ship lengthening, engine replacement and renovation project that will see the owner renovate half of its fleet in succession. Star Breeze, Star Legend and Star Pride will be cut in half to allow the installation of a new stepped mid-body section that will lengthen each vessel by approximately 25 meters.
Cammell Laird Strengthens Management Team
UK based shipbuilding and engineering company Cammell Laird announced a series of changes to its senior management team.The restructure sees company founder and CEO John Syvret CBE extend his role to executive chairman; Tony Graham becomes chief operating officer; and Paul Owen joins the company from the defense industry to become managing director. In addition, Linton Roberts takes up a new role as group technical director sales and marketing.
Marshall Joins Ecochlor
Ecochlor announced Andrew Marshall as its new Vice President of Business Development, to oversee the sales, marketing and communications team, manage major client accounts, and develop strategies to increase revenue growth and profitability.“Marshall is a seasoned executive and comes to Ecochlor with a proven track record of international business development. His results-driven aptitude brought other companies from the initial conceptual and technical development phase through…
Port of New Orleans to buy New Gantry Cranes
New Cranes Allow Port NOLA to Accommodate Larger Ships and Meet Growing Needs. The Board of Commissioners of the Port of New Orleans (Port NOLA) have voted to approve the purchase of two new 100-foot gauge container gantry cranes to be used at the Napoleon Avenue Container Terminal. “These new cranes are vital to our success and growth here at Port NOLA,” said President and CEO Brandy D. Christian. “They will increase our efficiency so we can accommodate larger and wider ships…
DSC Dredge Names Bolling VP & CAO
Christina Bolling has been named Vice President and Chief Administrative Officer (CAO) of DSC Dredge, LLC.She was promoted after serving five years as DSC Dredge Corporate Human Resources Director for DSC headquarters and two production facilities in Greenbush, Michigan and Poplarville, Mississippi. Bolling’s background experience of Human Resources, Leadership Development and Operations provide substantial knowledge and expertise as she reinforces each DSC department’s performance to be the best of their abilities.DSC is a global leader in the dredge manufacturing industry…