Rolls-Royce's Power Systems Profitable Despite 17% Revenue Plunge
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.Power Systems is taking advantage of the crisis to prepare for a shift in its business model…
AST Forms Joint Venture with Wright Technologies
Intelligent remote communication solutions provider Applied Satellite Technology Ltd (AST) said it has entered into a joint venture with Wright Technologies, a provider of marine electronics services to the South Pacific markets.AST Group Managing Director, Gregory Darling, said the companies will jointly offer remote data applications through new technology and software to improve operational effectiveness.The newly formed company, AST Wrights Ltd, has its headquarters in Wellington…
Neptune Pacific Acquires Pacific Direct
Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its Singapore based parent holding company, Pacific International Lines (PIL).The acquisition makes Neptune the new owners of all of PDL’s regional and Fiji based companies. The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets…
PONANT Taps VARD for Two Cruise Vessels
VARD has announced a contract to build 2 new-generation luxury expedition cruise vessels for PONANT.The new units, due for delivery both in 2022, will represent an evolution of the “PONANT EXPLORERS” class vessels. They will be operated in the South Pacific areas for “PAUL GAUGUIN CRUISES” brand as well as the eponymous ship acquired recently by PONANT, thus bringing the number of ships under this brand to 3. They will be built by VARD group’s production network, and they will…
Swire Shipping Extends South Pacific network
Swire Shipping, trading division of China Navigation Company, announced it will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji. This market leading service will depart every 10 days from Auckland.“Swire Shipping has built up a strong reputation for itself as a market leader connecting the Pacific Islands to the world. Today’s launch will enable us to offer expanded global coverage into the Pacific Islands, as well as specifically providing New Zealand customers with a new direct service alternative.
Ponant Orders Two Ships from Fincantieri
Italian shipbuilder Fincantieri has signed a memorandum of agreement (MoA) to design and construct two new-generation luxury expedition cruise ships for French cruise operator Ponant.The MoA also envisages an option for one further sister-ship. The finalization of the contract is subject to the fulfillment of technical and financial conditions.In the past, Fincantieri has already built for Ponant 4 ships in Ancona, "Le Boréal", "L'Austral", "Le Soléal", and "Le Lyrial", delivered respectively in 2010…
ICTSI Sells Stake in Motukea Port
International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.According to a stock exchange announcement, ICTSI South Pacific Ltd, a subsidiary of ICTSI, has entered into agreements with Noho-Mage Holdings Ltd. for the latter to acquire a minority stake in Motukea International Terminal Ltd. (MITL).MIT is the sole facility in Port Moresby which can handle international containers. Ro/Ro and break…
Ponant to Acquire Paul Gauguin Cruises
Adding access to exciting itineraries and experiences for passengers of both brands.PONANT, the world leader of luxury expeditions to locations that only small ships can navigate, has announced its plan to acquire PAUL GAUGUIN CRUISES, the renowned specialist in sailings to exotic ports in French Polynesia and the South Pacific. Like PONANT, PAUL GAUGUIN combines exceptional itineraries with luxury hotel services and fine cuisine to create memorable experiences at sea. Following the acquisition…
Matson Announces Q2 2019 Results; Lowers FY2019 Outlook
Matson reported net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2018 was $32.6 million, or $0.76 per diluted share. Consolidated revenue for the second quarter 2019 was $557.9 million compared with $557.1 million for the second quarter 2018. For the six months ended June 30, 2019, Matson reported net income of $30.9 million, or $0.72 per diluted share compared with $46.8 million, or $1.09 per diluted share in 2018.
Cosco Eyes PIL Takeover
After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean carrier had bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if family-owned PIL’s owners decide to sell, reported WSJ.Cosco…
China Navigation Company Opens Shanghai HQ
Swire Group’s shipping arm China Navigation Company establishes presence in Shanghai where it was founded 147 years ago!The China Navigation Company (CNCo) opened its China headquarters officially in Shanghai on 05 November 2018, marking a significant return to its birthplace 147 years ago, and a significant milestone in its history, said a press release from the company.CNCo started operations on the Yangtze River in 1872, operating a modest fleet of Mississippi-style paddle steamers.CNCo is a major global player in the shipping scene today…
Quark Expeditions Expands Sales Team
Quark Expeditions has expanded its global sales team to better accommodate the increase in demand anticipated by the addition of two polar expedition vessels: the World Explorer, a 176-passenger hybrid-powered, all-balcony, all-suites vessel ready for the 2018/19 season and Quark Expeditions’ new 200-passenger vessel that will be launched for the 2020/21 Antarctic season. The expanded team will be led by Thomas Lennartz, Vice-President of Sales, and Meg Murgatroyd, Global Partnership Director.
Noho-Magae Supports ICTSI in Motukea
Noho-Magae, an organization representing the Baruni and Tatana communities in Papua New Guinea, has thrown its full support behind International Container Terminal Services, Inc. (ICTSI) subsidiary ICTSI South Pacific, joining as shareholders of Motukea International Terminal in Port Moresby. Representing the Noho-Magae organization, Iduhu Erue Igo, Baruni Community Development Association (BACODA) chairman, and Tom Lancan, Tatana-Araira Development Association (TADA) deputy chairman, signed the agreement formalizing the respective communities as shareholders.
CMA CGM to Acquire SOFRANA Unilines
CMA CGM announced it will purchase through its subsidiary, ANL, the majority of the shares in SOFRANA Unilines, a key player in the Pacific Islands regional maritime trade. With operations in the South Pacific region for almost 50 years, SOFRANA Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands. Together with CMA CGM’s ANL, who already offers 16 trade lanes servicing major ports throughout Australia…
Matson Increases Its South Pacific Express Service
Matson said it it will increase the frequency of its South Pacific Express (SPX) service to Samoa and American Samoa from 28 days to 14 days. The service provides transits from Hawai'i and the U.S. West Coast to the Samoas: 12 days from Long Beach and 5.5 days from Honolulu to Pago Pago, with an extra day to Apia. Matson launched its SPX service on August 10, 2016, establishing reliable, fixed day shipping service between the U.S. West Coast, Hawai'i and the Samoas. Its new fortnightly SPX schedule is made possible by the company's acquisition of a larger…
Master & Commander: Capt. Ted Bernhard
From a boy who wanted to be a swashbuckler like Errol Flynn to a Maine Maritime graduate to hopping aboard a grain ship bound for Egypt, Captain Theodore “Ted” Bernhard has led a quintessential maritime life. A ship driver with 37 years of maritime experience, Bernhard has spent half of his adult life at sea, the last 20 years on containerships with Matson, the ubiquitous U.S. commercial maritime presence in the Pacific Ocean. Life at sea in 1979 – with no cell phones, no internet and no email – was fairly different than it is today, but was it better? Was it worse?
Huntington Ingalls Industries to Open Australian Office
Huntington Ingalls Industries (HII) said it plans to establish a permanent presence in Australia by opening an office in Canberra. “Establishing a permanent presence in Australia demonstrates HII’s commitment to supporting Australia and the U.S. military forces in the Pacific,” said HII President and CEO Mike Petters. “It also facilitates our ability to conduct real-time, frequent engagement with the Royal Australian Navy and the U.S. The U.S. based shipbuilder has hired Jeff McCray as vice president…
Pacific International Lines Chose HAROPA
Since June 2016, the Singaporean shipping line Pacific International Lines (PIL) has marketed a weekly containerised service (20’/40’/40’HC and reefer) from HAROPA - Port of Le Havre and bound for the South Pacific area. The service notably makes stops in Australia, New Zealand, Papua-New-Guinea, the Vanuatu archipelago, the Guam, Fiji, Hawaii, Wallis and Futuna, Tonga, Samoa and Marshall islands. “For the last 50 years, Pacific International Lines have developed a wide network, especially in Asia and Oceania, Christophe Buisson, managing director of SEALOGIS group, stated.
Maersk Announces New South Pacific Express
Maersk Line is launching a new ‘South Pacific Express’ service between Oceania and the West Coast of South America. "We are pleased to launch our new weekly ‘South Pacific Express’ service between Oceania and the West Coast of South America. Starting from July 2016, Australian and Kiwi exporters can enjoy all the benefits of a market exclusive gateway to a number of strategic ports in Chile, Peru, Colombia and Mexico," says a statement from the company. With unmatched transit times…
“Twiggy” Baker Wins BWT Puerto Escondido Challenge
Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35 foot surf off the coast of Mainland Mexico’s Puerto Escondido. The first event of the 2016/17 World Surf League (WSL) Big Wave Tour (BWT), the Puerto Escondido Challenge, tested the top big wave chargers with enormous and difficult beachbreak conditions. Baker, 2013/14 BWT Champion, put on a stunning performance in Mexico, storming to victory in the Semifinals before his impressive showing in the Final.
USCG, Navy complete Joint Fisheries Patrol in Oceania
The Coast Guard and Navy completed a 40-day joint mission in the Central and South Pacific under the Oceania Maritime Security Initiative to combat transnational crimes, enforce fisheries laws and enhance regional security Monday. A Coast Guard law enforcement detachment from Pacific Tactical Law Enforcement Team Detachment 108 embarked USS Spruance (DDG 111) and conducted 20 fisheries enforcement boardings with the assistance of the Navy's Visit, Board, Search and Seizure team and enforcement shipriders from the Federated States of Micronesia and Palau.
Pacific Nations Take a Stand on Shipping Emissions
On Earth Day, Pacific leaders queued among 175 countries to sign the Paris Agreement in New York. Earlier that day in London, the International Maritime Organization (IMO), the United Nations Framework Convention on Climate Change (UNFCCC)’s sister UN specialized agency, met to discuss shipping’s “fair share” in reducing greenhouse gases in a far less publicized and not nearly as successful climate change debate. Pacific and European nations have been pressing the IMO since before Paris to join the “coalition of higher ambition”.
NYK Vessel Rescues 14 off Chile Coast
On March 17, Hokuetsu Ushaka, a wood-chip carrier operated by NYK Line, rescued 14 people in distress off the Coast of Chile. While the NYK vessel was sailing from Japan to Chile in the South Pacific Ocean on March 16, the ship received an alert from a troubled raft, and immediately responded to this call and set a course for the given position. The ship successfully rescued 14 people from the raft on the afternoon of March 17, and the ship’s crew members began giving the injured person first aid.
Matson Donations Top $2 Million in 2015
Funded by the businesses of container shipper Matson, Inc., the Matson Foundation last year provided more than $2 million in cash and in-kind donations to charitable organizations and community efforts in Matson's service areas including Hawaii, the Pacific (Guam, Micronesia, the South Pacific), and across the U.S. Mainland and Alaska. "As a Hawaii corporation, we demonstrate our reliability and commitment to this state in many ways, and our communities can count on Matson to be a charitable partner as well," said Matt Cox, president & CEO of Matson, Inc. and president of Matson Foundation.
Fishing Crew Rescued After Engine Fire
A crew of 36 fishermen was rescued Sunday from a Papua New Guinean ship after an engine fire left the fishing vessel disabled roughly 200 miles off Tokelau, a territory of New Zealand in the South Pacific. The rescue was coordinated by the Rescue Coordination Centre New Zealand (RCCNZ), with assistance from the U.S. Coast Guard as well as another nearby fishing vessel. Search and Rescue Mission Coordinator, Mike Roberts, said the one-year-old Papua New Guinea registered Glory Pacific No.8 activated its emergency beacon after an engine room fire disabled the ship 210 miles NNE of Tokelau…
Swire Upgrades Asia-Pac Coverage
Singapore-based liner trade division of The China Navigation Company (CNC) Swire Shipping has upgraded its multipurpose liner service coverage in the Asia Pacific region. The company’s dedicated Trans-Tasman service operating between New Zealand and Australia will be enhanced to provide a 15-day frequency. Swire will also start providing 12 additional Brisbane calls by a direct service from New Zealand. Swire Shipping’s weekly liner service from Brisbane to Lae, Papua New Guinea (PNG) will be further improved with two additional sailings per month with four-day transit times.