The Demag Cranes Group brought financial year 2010/2011 to a successful close. Not least thanks to factors including the economic recovery, demand for products and services noticeably improved overall. Group order intake increased by 23.1 % compared with financial year 2009/2010 to EUR 1,121.2 milli
A position paper on “Underwater Sound in Relation to Dredging” to which ABPmer contributed has been published by the Central Dredging Association (CEDA). The purpose of the paper is to inform those parties concerned about sounds produced by dredgers. The paper was prepared by the CEDA Working Group
Caterpillar Marine Power Systems will showcase a full-range of Cat® and MaK™ branded products and solutions at Marintec China, one of the most important exhibitions for the commercial marine industry in the region. The event, which takes place Nov. 29 through Dec. 2, 2011 at the Shanghai Internation
Damen Services, part of Damen Shipyards Group, announces that its Damen Asset Management Operating System (DAMOS) has been independently approved by classification society Bureau Veritas. DAMOS is a unique vessel maintenance management system that allows customers to maximise uptime and optimise cos
IHC Merwede, the leading global maritime, engineering and manufacturing group, has appointed Denis Welch as its CEO for South East Asia. He will be responsible for helping the company to reinforce its regional identity and expand its Asian-centred operations – which are focussed on its offshore and
Caterpillar yesterday introduced the Cat® C175-16 marine propulsion engine at a size, power and rpm that will drive new, more profitable vessel designs for all segments of the marine industry. The latest in a line of high performance engines designed to meet EPA Marine Tier 3 and IMO Tier II emissio
The third quarter at Royal Boskalis Westminster N.V. was in line with the 2011 first half, putting Boskalis on track to close the year in line with expectations with a net profit of € 230-250 million. Revenue in the third quarter was slightly higher than in the first two quarters of the year. At the
Demag Cranes has announced the launch of its International Dry Bulk Competence Centre with the aim of further expanding the company’s activities in this sector. The centre is located in Banbury, United Kingdom, and will offer customers a complete bulk-handling product family ranging from mobile harb
Interim report on the current state of affairs of the main group companies – Third quarter 2011: CONTRACTING, DREDGING AND CONCESSIONS DEME (AvH 50%) achieved in the third quarter 2011 again a continued high activity level, in line with the first half of the year. Thanks to an additional contract in
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
APM Terminals Vice President and Chief Financial Officer Christian Moller Laursen described the advent of a “New Era in Ports” at the Port Finance International Conference in London where he took the podium as keynote speaker. With the prospect of global port container throughput, currently around 6
Reef Subsea AS announced yesterday that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September a
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel
