Rolls-Royce has announced plans to open a global research and development center for the advancement of remote controlled and autonomous shipping technology in Turku, Finland.
Bremer Landesbank has estimated its pretax loss for last year at 1.4 billion euros ($1.5 billion) due to soured shipping loans, further deepening the troubles which low charter rates cause for parts of the German banking industry.
According to Captain Bill McCann, Harbour Master and Operations Director at Foyle Port, the new tug provides the port with increased flexibility in numerous ways: “With the oil terminal and the increasing numbers and size of bulk carriers at the port, we really need the extra bollard pull and manoeuvrability.
Schmidt Middle East logistics, a wholly owned company by Germany based Schmidt Heilbronn, has launched operations of its multi-user logistics hub based in Khalifa Port Free Trade Zone (Khalifa Port FTZ) within Khalifa Industrial Zone Abu Dhabi (KIZAD).
Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the year ended December 31, 2016. The company declared a net profit of QAR 711 million for 2016 on revenues of QAR 2.55 billion.
Dutch shipbuilder DAMEN has launched GAME CHANGER, its latest 70-metre DAMEN Yacht Support vessel (227 ft) with helicopter hangar. Available in time for the 2017 summer season, GAME CHANGER is a fantastic showcase of the Yacht Support solution for owners who want to have more fun off the beaten track, but with a significantly lower Total Cost of Ownership.
Doha-based Nakilat assumed full ship management and operations of the Q-Flex LNG carrier, Mesaimeer, from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 23 March 2017, as part of the planned and phased transition announced in October last year. The 216,000 cu m capacity Mesaimeer, delivered by Hyundai Heavy Industries in 2009, is wholly-owned by Nakilat and chartered by Qatargas.
The net profit of Cosco Shipping Ports decreased by 43% in 2017 and amounted to 247 million USD. Despite of the sharply decreasing net profit, the revenues of the port operator rose by 1.1% to 556.4 million USD. the terminal business of the group suffered from the slowed growth of the world economy and the port industry, as well as the reduction in China’s foreign trade. Cosco Shipping Ports reported that profitability for gross profit decreased by 0.4%, to 35.8% due to increased costs.
Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-metre jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.
Increased activity in offshore construction & maintenance and both pipe and cable lay has led to the need for vessels with true dynamic positioning (DP) capability. This need is the product of both increased activity in shallow and deep offshore waters and the infrastructure congestion of mature undersea fields. Conventional mooring systems utilizing anchors and anchor handling vessels are not practical in shallow congested fields due to the danger of dragging across pipelines and cable. In deeper waters, the weight and difficulty of handling the necessary scope and rope renders the traditional four-point moor less cost effective and impractical. Vessels with true DP capability are more attractive for these projects.
Damen Schelde Naval Shipbuilding has handed over the first SIGMA 10514 Perusak Kawal Rudal (PKR) frigates to the Indonesian Ministry of Defence, on schedule and on budget. The ceremony took place at the PT PAL shipyard in Surabaya where the vessel was assembled. The Indonesian Ministry of Defence awarded the contract to Damen as main contractor for the construction of the first SIGMA 10514 PKR in December 2012. On receiving the ship, named the Raden Eddy Martadinata after one of the founders of the Indonesian Navy, the Ministry handed it on to the Navy.