Hapag-Lloyd yesterday ordered four containerships with a capacity of 13,200 TEU each from South Korea’s Hyundai Heavy Industries. It also bought back its company headquarters in Hamburg’s Ballindamm. Besides ordering the for
Three Iranian-owned, German-flagged ships have been impounded in Singapore. The three are set to be sold at a Sheriff’s Sale, December 14. If you want to bid,the details are HERE The Straits
German travel group TUI AG is looking to complete its exit from container shipping. The Executive Board of TUI AG and the Board of Directors of Hamburgische Seefahrtsbeteiligung “Albert Ballin” GmbH &
Classification society DNV has taken the wraps off a new crude oil tanker concept. The Triality ship is fueled by LNG, has a hull shape that obviates the need for ballast water
Classification society DNV has taken the wraps off a new crude oil tanker concept. The Triality ship is fueled by LNG, has a hull shape that obviates the need for ballast water
Norway’s Farstad Shipping ASA has placed an order for the first OSV to be built to a new wave piercing design by Rolls-Royce. The vessel is one of four platform supply vessels
Rolls-Royce has signed a collaboration agreement with China’s Shanghai Bestway Marine Engineering Design Company Ltd (Bestway), a leading marine design and research company in China. The collaboration will focus upon development of
“We are ready to take more territory, especially in emerging markets,” he adds.
Maersk Group revenue for the nine month period ended September 30, 2010 increased by 17 percent to $41.4 billion, primarily as a result of higher container shipping freight rates and higher oil prices. The net result for the period was a profit of $4.2 billion compared with a loss of $0.7 billion in the same period last year
“The result is exceptional, and we are very satisfied,” says Group CEO Nils S. Andersen. ‘Markets have been favorable, but first of all, our businesses are in excellent shape. Especially our container business has improved and is ahead of competition on profitability. We have moved from defense to the attacking zone, and we are ready to take more territory, especially in emerging markets.”
Container shipping and related activities turned a profit of $2,254 million (against a loss of $1,590 million in the equivalent period last year). The result reflected an increase in average freight rates of 34 percent, an increase in transported volumes of 7 percent and substantial savings per unit.
APM Terminals’ segment result was $668 million ($340 million), helped by gains on sale of an ownership interest in Sigma Enterprises Ltd. The number of containers handled increased by 3 percent despite discontinued activities at six terminals. The remaining terminals had an 8 percent increase in volumes.
Oil and gas activities turned in $1,339 million ($958 million), primarily due to a 35 percent increase in oil prices to an average of $77 per barrel. The increase more than compensated for a 17 percent decline in the Group’s share of oil and gas production to 103 million barrels. The Group’s exploration costs were $346 million ($466 million). Exploration activities led to two new discoveries in Norway in the third quarter. Planned maintenance of platforms in the North Sea was completed in the third quarter.
Maersk Tankers’ segment result was a loss of $103 million in the first nine months of 2010 (same period loss last year was $193 million). Maersk Tankers incurred impairment losses of $107 million in the third quarter of 2010.
Maersk Drilling’s segment result increased to $300 million ($168 million), positively affected by delivery of new rigs and a continued high level of contract coverage at attractive rates.
Group] free cash flow increased by $6.3 billion in the first nine months of 2010 compared to the same period of 2009. Cash flow from operating activities was $7.4 billion ($4.1 billion), while cash flow used for capital expenditure was negative by $3.2 billion (negative by $6.3 billion). Net interest bearing debt was reduced by $4.4 billion to $13.7 billion.
Group competitiveness was enhanced by further cost reductions and activity adjustments with an expected full-year effect of between $500 million and $1 billion.
Outlook for the full year 2010
The group is now expecting a result for the full year in the order of $5 billion, excluding an expected gain from Dansk Supermarked A/S’ sale of Netto Foodstores Limited, UK. That transaction is not expected to be completed until the first half of 2011.
November 10, 2011
More than a year in development, the Twin Axe HSSV design is a further development of Damen’s successful Sea Axe concept and the HSSV 2610 is particularly suited for offshore wind industry support.
Martijn Smit, Damen Sales Manager for Europe, says: “Given the tremendous potential growth in the offshore wind industry there is a great need for vessels to access turbines and this can often be in constraining weather conditions. We were driven to find a concept that improves on conventional catamaran designs.”
Managing Director of Marineco UK, Mike Conafray, adds: “As a company we have been monitoring the current vessels available that service the offshore wind farms but we never felt comfortable joining in with the existing vessels. When Damen came along to us with their proposals we quickly realized that by introducing them we would be able to offer the market a much enhanced vessel that would suit most of its needs.”
The Damen HSSV 2610 has been undergoing thorough testing at Delft University in the Netherlands.
“There have been ‘stunning’ results in the vessel’s seakeeping behavior, resistance and at the same time, it has much lower fuel consumption,” Mr. Smit says, adding that the design is an extension of the Damen enlarged ship concept.
“The raised work deck and sea axe bows enable the vessel to keep up its speed in a higher sea state and that is crucial for the offshore industry. And as many of the wind turbines will be located in challenging seas, this greatly extends the operating window.”
The new vessel has dimensions of 26 m x 10 m. It has accommodations for four crew and can transport 12 passengers.
Features include a 20 tm deck crane, a spacious diving platform, HP cleaning unit and extra mooring winches.
The vessel is thus suited for a diverse range of activities for supporting and supplying the offshore wind industry, as well as the wider offshore sector. Ample working and storage space on deck make it suitable for a variety of cargoes, including containers.
With a fuel capacity of 12,000 liters, t can be used tio transfer fuel to wind turbines.
Classed by Bureau Veritas, the vessel operates under the Workboat Code, Category 1.
Depending on the sea state, the maximum speed will be 26 knots with a range of 640 nm.
Currently under construction at Damen Gorinchem in the Netherlands, the vessel is expected to be ready by June 2011.
