Archive 2 - Page 206 of 1311 - World Port Development

Damen delivers stock CSD450 within 3 working days on site

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WPD

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27 October 2016

Damen delivers stock CSD450 within 3 working days on site

The ink on the sales contract was not even dry yet – it being signed on Thursday only. The stock dredger was prepared for transport on Friday and towed to the north of the Netherlands over the weekend, so that it could make a flying start on the Monday.

The stationary dredger, type CSD450, is a standard Damen dredger. Various types of these standard dredgers are readily available from stock. They are prepared for customisation through standard options, and can leave Damen’s Nijkerk yard in a very short time span – as was the case in this flash of lightning action for contractor Van der Lee.

The Dutch contractor Van der Lee is currently working on the motorway fly-over project near Joure, in the north of the Netherlands. This Damen CSD450 is their first stationary dredger. It will mine sand at a dredging depth between -2 m and – 6m, pumping it over a max distance of 6.5 kms using 3 booster stations – all equipped with Damen dredge pumps.

The Damen Field service crew commissioned the CSD450 Monday on site, and the dredger has been producing plenty of sand since.

Cargotec's January-September 2016 interim report: operating profit margin improved

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27 October 2016

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July-September 2016 in brief
• Orders received decreased 19 percent and totalled EUR 733 (907) million.
• Order book amounted to EUR 1,874 (31 Dec 2015: 2,064) million at the end of the period.
• Sales declined 8 percent and totalled EUR 854 (928) million.
• Sales in services totalled 210 (216) million, representing 25 (23) percent of consolidated sales.
• Operating profit excluding restructuring costs decreased 3 percent and was EUR 65.9 (68.3) million, representing 7.7 (7.4) percent of sales.
• Operating profit was EUR 56.2 (61.9) million, representing 6.6 (6.7) percent of sales.
• Cash flow from operations before financial items and taxes totalled EUR 74.4 (74.5) million.
• Net income for the period amounted to EUR 33.5 (43.6) million.
• Earnings per share was EUR 0.52 (0.67).

January-September 2016 in brief
• Orders received decreased 10 percent and totalled EUR 2,461 (2,733) million.
• Sales declined 6 percent and totalled EUR 2,581 (2,753) million.
• Sales in services totalled 641 (653) million, representing 25 (24) percent of consolidated sales.
• Operating profit excluding restructuring costs increased 6 percent and was EUR 189.3 (178.6) million, representing 7.3 (6.5) percent of sales.
• Operating profit was EUR 176.4 (168.1) million, representing 6.8 (6.1) percent of sales.
• Cash flow from operations before financial items and taxes totalled EUR 221.0 (227.3) million.
• Net income for the period amounted to EUR 113.0 (107.4) million.
• Earnings per share was EUR 1.75 (1.67).

Outlook for 2016 unchanged
Cargotec’s 2016 sales are expected to be at the 2015 level (EUR 3,729 million) or slightly below. Operating profit excluding restructuring costs for 2016 is expected to improve from 2015 (EUR 230.7 million).

Cargotec’s CEO Mika Vehviläinen:
Hiab’s strong development continued during the third quarter and profitability improved compared to the previous year. Hiab’s core business orders were at a good level, but we did not receive any big defence industry orders as we did during the comparison period.

Kalmar’s result was also satisfactory; however, the pace of customer decision making has slowed down, which could be seen in declining order numbers. Kalmar’s long-term market potential is still strong: bigger ship sizes and the need to develop ports and make operations more effective require investments in port technology and automation. The number of potential projects is still large, but customers are delaying their investment decisions.

The challenging market situation continued in MacGregor. The global merchant ship market is facing overcapacity and new ship orders are at an exceptionally low level. Industry consolidation, alliances and possible new ship routes create uncertainty in the industry. We are continuing with our measures to lower the MacGregor cost level.

Our strategic focus areas are services, digitalisation and leadership development. In services we see tremendous business potential that we need to grasp with increased determination. We have increased our efforts in this area; for example, Hiab opened a spare parts web shop in September, MacGregor strengthened its spare parts delivery cooperation relationships in Asia, and Kalmar has initiated new measures to speed up the growth in services. In terms of digitalisation, we are developing Cargotec IoT Cloud-based solutions with our customers regarding, for example, automation effectiveness and proactive maintenance. Our internal leadership development programme is expanding to the next phase now that the first 200 leaders have completed the intensive training programme.

We are focusing our efforts on projects that improve competitiveness, the cost efficiency of products and digitalisation. Additionally, we are investing in global systems and procedures that in future enable higher efficiency in operational activities as well as in support functions.

DP World reports 2.2% gross volume in first 9 months of 2016

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27 October 2016

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European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging. The UAE handled 11.1 million TEUs, down 6.7% year-on-year due to a reduction in lower-margin trans-shipment cargo.

At a consolidated level, the terminals handled 21.9 million TEUs during the first nine months of 2016, a 0.3% improvement in performance on a reported basis and down 2.3% year-on-year on a like-for-like basis.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented: “Despite the challenging market conditions, particularly in natural resource dependent economies, our portfolio continues to deliver growth, which once again demonstrates the benefits of operating a globally diversified portfolio. While the near-term global trade growth outlook appears soft, we expect our new developments in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom) and Yarimca (Turkey) to drive growth in our portfolio. We will continue to maintain capital expenditure discipline by bringing on capacity in line with demand, while focusing on targeting higher margin cargo, improving efficiencies and managing costs to drive profitability. Given the performance in the first nine months, we are well placed to meet full year market expectations.”

Konecranes receives Notice of Intent to Award Contracts from the Virginia Port Authority

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26 October 2016

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Deliveries are scheduled in phases for 2018-2020. The value of the contracts will exceed EUR 200 million. This will be the largest deal in the history of Konecranes.

The Virginia Port Authority (VPA) has notified Konecranes of its intention to award two separate contracts to Konecranes upon approval by the VPA Board of Commissioners at its November 15, 2016 meeting, and upon coming to agreement with Konecranes on the final contract terms. The first contract shall be for the procurement of 60 Automated Stacking Cranes for Norfolk International Terminals (NIT). VPA also intends to award a second contract for the procurement of 26 Automated Stacking Cranes for Virginia International Gateway (VIG).