Ulstein Group from Norway delivered a good result for 2012 with an operating income of NOK 2.27 billion and an operating profit of NOK 228 million, the Group said today. The market for design and equipment packages was positive in 2012 and ULSTEIN signed contracts for the building of its designs with several shipyards worldwide, [...]
April 25, 2013 | Posted in
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MAN Diesel & Turbo has announced the 500th sale of its MAN 48/60 medium-speed engine. The milestone was reached with the order of two common-rail variants of the engine by Huta Marine of Jeddah, Saudi Arabia as part of a diesel-electric system to power a self-propelled cutter suction dredger. Huta Marine is a specialist in [...]
April 24, 2013 | Posted in
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Cochin Shipyard Limited, a Schedule-B Miniratna PSU under the Ministry of Shipping paid dividend on its shares for the fourth consecutive year. The performance of Cochin Shipyard continued to be impressive despite the challenging global shipbuilding scenario. The dividend of Rs.19.72 Crores, consisting of Rs.16.99 Crores (Dividend on Equity Shares) and Rs 2.73 Crores (Dividend [...]
Huntington Ingalls Industries reported fourth quarter 2011 sales of $1.74 billion, consistent with the fourth quarter of 2010. Highlights: Total sales were $1.74 billion for the fourth quarter and $6.58 billion for 2011 Adjusted total operating margin was 6.6 percent for the fourth quarter and 6.1 percent for 2011 Adjusted diluted earnings per share was [...]
![China: Yangzijiang Shipbuilding Expects 30 Percent Growth in Net Profit for Upcoming First Half Results]()
Yangzijiang Shipbuilding said it is confident of delivering at least 30 per cent growth in net profit in its upcoming first half results … By Travis Teo (channelnewsasia) Source: channelnewsasia, July 19, 2011;
![Spain: Split Hopper Dredger OMVAC DIEZ Executes Sea Trails with Positive Results]()
The Split Hopper Dredger “OMVAC DIEZ”, with 1200 mts of capacity, is now executing the sea proofs with positive results, and next to delivery to its owner. This versatile and multi-purpose self-propelled split hopper dredger is now on the dock of the shipyard, so is the better moment for be visited. The ship shall be [...]
![NYK Line Test Results Show that Solar Powered Ships Do Not Deliver Electricity (Japan)]()
HOPES for solar-powered ships have fallen after Nippon Yusen Kabushiki Kaisha (NYK Line) test results showed that stable electricity supply cannot come from the photovoltaic panels because even slight weather changes produce major cuts in power generation, said a company statement. The Japanese shipping giant made the statement while announcing fresh attempts to develop [...]
![Ulstein Group Satisfied With 2010 Financial Results (Norway)]()
Ulstein Group did well in 2010 with NOK 2.4 billion (USD 438 million)in operating income and an operating profit of NOK 354 million (USD 64.6 million). ”We have a solid organisation of competent employees with a strong focus on delivery precision. Through good project management, we have achieved the goals set within our main [...]
![Norway: Record Results for Kleven Maritime]()
Norway’s biggest Norwegian-owned shipbuilding group is well on track into 2011 as well. The order reserve is 10 ships, at a combined value of 3.7 billion NOK (674.4 mill USD). CEO Ståle Rasmussen is satisfied with the 2010 results, but emphasises that they are working continuously to increase added value and profitability. ”Intense and [...]
![USA: Huntington Ingalls Industries Reports First Quarter Results]()
* Successfully spun off as independent company on March 31, 2011 * Sales were $1.68 billion for the first quarter 2011 * Diluted EPS for the quarter was $0.92 * Significant milestones achieved on major programs in each segment * Backlog steady at $17.4 billion Huntington Ingalls Industries, Inc. reported first quarter 2011 sales [...]
