Kirby Posts 2019 Q1 Results
Kirby Corporation announced net earnings attributable to Kirby for the first quarter ended March 31, 2019 of $44.3 million, or $0.74 per share, compared with earnings of $32.5 million, or $0.54 per share, for the 2018 first quarter. Excluding certain one-time charges, 2018 first quarter net earnings attributable to Kirby were $37.9 million, or $0.63 per share. Consolidated revenues for the 2019 first quarter were $744.6 million compared with $741.7 million reported for the 2018 first quarter.David Grzebinski…
ASL Hires Taillefer
ASL appointed Martin (Marty) Taillefer to the position of Senior Project Manager and Business Development. Taillefer has been working in the fields of oceanography, hydrography, ocean acoustics and underwater warfare for over 25 years. A naval officer for over 20 years, the latter 10 years were spent as an Underwater Warfare Director and Oceanographer for the Pacific Fleet. Taillefer oversaw the implementation and operations of decisional systems, acoustic modeling and operational systems to create operational products to the fleets.
Eco Marine Power to Use Artificial Intelligence
To further enhance its research capabilities Eco Marine Power announced today that it will begin using the Neural Network Console provided by Sony Network Communications Inc., as part of a strategy to incorporate Artificial Intelligence (AI) into various ongoing ship related technology projects including the further development of the patented Aquarius MRE (Marine Renewable Energy) and EnergySail. The Neural Network Console is an integrated development environment using deep learning for AI creation and has been used in deep learning applied technology development within Sony since 2015.
ABS Reflects on Strong 2015 Performance
ABS held its Annual Meeting on April 26, 2016 in New York, where Chairman, President & CEO Christopher J. In 2015, the ABS-classed fleet surpassed 230 million gross tons (mgt), a nearly five percent growth from the previous year. The largest areas of expansion for the class society came from the tanker, gas carrier, containership, bulk carrier, offshore support vessel and offshore production unit sectors. In total, more than 841 new assets entered the ABS-classed fleet, bringing its total to 12,614 assets.
ABS' Wiernicki: The Head of Class
The Head of Class: Christopher J. The global maritime industry faces myriad challenges in the ongoing quest to run safe, profitable operations in an oftentimes tumultuous environment. More than ever vessel owners are faced with daunting regulatory and technical challenges, and the world’s leading classification societies remain the foundation upon which successful marine operations are built. Last month we visited with Christopher J. Wiernicki, the head of ABS and the newly elected head of the International Association of Classification Societies (IACS), for insight and analysis.
MHI, SBG Invest in Wind Energy Startup Altaeros Energies
Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its Buoyant Airborne Turbine ("BAT") renewable energy and communication platform. MHI and SBG bring deep strategic expertise in developing and executing large technology projects for industrial and government customers around the world. The Altaeros BAT offers a multi-purpose platform to supply power, telecommunication, and other sensing and security services to remote and off-grid customers.
Kvaerner, KBR JV wins Johan Sverdrup Deal
Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition, where Kvaerner-KBR presented the best overall bid. The agreement has an estimated total value for the Kvaerner- KBR partnership of approximately NOK 6.7 billion. The ULQ-platform is one of…
Chevron's Kirkland to Retire
Chevron Corporation confirmed that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream, effective June 16. Kirkland, 64, joined Chevron in 1974. He was named executive vice president of Upstream in 2005 and elected vice chairman in 2010. During his career he has held numerous assignments across the company’s worldwide operations…
Statoil Appoints COO
Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April. Opedal will be responsible the corporate improvement programmes and for driving operational efficiency across Statoils business areas. “I am pleased to announce that Anders assumes this new position in the CEC. He will be a driving force in our effort to further improve the safety and efficiency of our operations.
MCP Appoints Støldal CEO
MCP’s Board of Directors appointed Frode Støldal as new CEO for the Telenor subsidiary. Støldal replaces MCPs founder, Knut Fjellheim, who has served as interim-CEO and now returns to his previous role as COO/CTO. Frode Støldal has vast management experience from across the Telenor-Group. Prior to his role as CTO in Telenor Norway where he was responsible for deploying a new LTE (4G) network, Støldal served as Head of Technology for Telenor in Asia, responsible for industrialization and common technology projects across Telenor Group.
Initiative Launched to Reduce Costs of Offshore Wind Parks
Achieving the Finnish windpower target by 2020 (6 TWh, approx. 2500 MW installed capacity) requires the implementation of several major offshore wind parks. The recently approved production tariff is not sufficient for implementation of offshore wind parks at the present cost level, and thus costs need to be reduced. Together with their customers, STX Finland, Meriaura and Hafmex have launched a ‘design-to-cost’ project, that seeks to significantly reduce the lifecycle costs of offshore wind parks.
Kvaerner Announces Election of New Board Members
The Directors to Kvaerner's Board have been elected. From Kvaerner's first day of trading on the Oslo Stock Exchange in July 2011, the Board of Directors will consist of five shareholder-elected members as well as three members elected by Kvaerner's employees. The shareholder-elected members are Kjell Inge Røkke (chairman), Tore Torvund, Bruno Weymuller, Lone Fønss Schrøder and Vibeke Hammer Madsen. The employee-elected members are Rune Rafdal, Ståle Knoff Johansen and Bernt Harald Kilnes.