US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3.2 million and earnings per diluted share of $0.52 during the first quarter of 2012. The diluted shares for the quarter ended March 31, 2013 are 6.0 million compared to 6.1 million for the quarter ended March 31, 2012. The Company’s financial reports are available at www.otcmarkets.com. Conrad’s backlog was $125.5 million at March 31, 2013 compared to $120.7 million at December 31, 2012 and $70.8 million at March 31, 2012. Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.
USCG co-ordinates ocean rescue of two Danish sailors by Finish warship after their yacht 'Petra' sank Watchstanders at the Coast Guard 5th District command center coordinated a rescue approximately 650 miles northeast of Bermuda with the assistance of the Joint Rescue Coordination Centre Denmark and a Finnish naval vessel. The Coastguard received a notification from RCC Denmark, stating that there were two people aboard the sailing vessel Petra in need of assistance as the keel of
Chart World’s eGlobe ECDIS receives type approval from the United States Coast Guard. After reviewing Chart World’s ECDIS ‘eGlobe’ the United States Coast Guard (U.S. Department of Homeland Security) has assigned the approval on August 15th, 2012. This additional approval opens the door to the North American market. Having been successfully introduced the eGlobe ECDIS being part of the new concept “ECDIS as a Service” can continue to grow in this part of
Floating craft like motor yachts, sailing yachts or catamarans are quite a regular sight on Rickmers-Linie vessels. However, the ferry which Rickmers-Linie carried from Bangladesh to Denmark on board the long-term charter vessel Baltic Winter is remarkable. It is the first ferry built by a Bangladesh shipyard for European owners and will be put in service by Hundested-Rørvig Færgefart AS across the fjord after which the ferry is named: Isefjord. At a length of 49
The new JH-CR series engines from Yanmar bring the benefits of common-rail fuel injection technology to units of below 110mhp. Boat owners can now choose digitally-controlled common-rail engines from the Yanmar range with power outputs starting as low as 45mhp.The company will launch the new engines at Boot Düsseldorf 2015, with immediate availability through its worldwide distributor network.
Shipyard selection, whether it involves newbuild or repair, can be a daunting task. It doesn’t have to be that way. Selecting a shipyard is a challenging proposition, an investment really, but how does one choose the right one? Location, capabilities, price, and availability are always among the first variable to consider. Equally important, but sometimes relegated to secondary concerns are craftsmanship, safety, integrity, and technology
Hong Kong's shipping industry is well prepared for a smooth transition to 2000, but local operators cannot guarantee their vessels are Y2K compliant, according to the Hong Kong Shipowners Association. However, chances of millennium accidents have been reduced because most ships will either be moored in port or out at sea when the clock strikes midnight on Dec. 31, officials said. If problems arise, they added, the industry is well prepared
Another step forward in the development of the Aquarius System was made recently when workbegun on the detailed design of the wind and solar sail panel. This panel or rigid sail will beused to harness wind & solar energy which will then be used to help power a ship thereby reducing fuel consumption and the emissions. The rigid sails are being developed by Eco Marine Power in co-operation with a number of development partners
Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to improve welding efficiency and coating quality in commercial vessels. Until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above. As the IACS Common Structural Rules (CSR) require the use of 8mm leg lengths in some structural members
MarineNews contributor (Captain) Jeff Cowan handicaps the current system of medical evaluations and credentialing by the U.S. Coast Guard. It’s not all smooth sailing. “While the U.S. Coast Guard regrets any hardship merchant mariners may experience to maintain their credentials, we must maintain the safety of the Marine Transportation System through a comprehensive MMC (Merchant Marine Credential) evaluation process. This allows the U.S
Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week, after falling to their lowest level in five weeks, due to a mounting supply of tonnage and uncertain cargo demand
Westbound sailings to North Europe and the Mediterranean to start in September Container shipping firm MSC has published sailing dates for its new look Asia network announced Monday, August 17. MSC’s new East-West Network is made up of 193 vessels which operate across
Test service enhances Bal Seal offering for low-friction seals, verifies friction and leak rate for seals up to 22 in. diameter A new test service introduced by Bal Seal Engineering, Inc. offers verified performance results for Bal Seal low-friction spring-energized seals used in
The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip, has been put through extensive tests and trials
Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager. Prior to joining Heidmar, he sailed on a number of vessels over a six-year period. Duncan will be responsible for overseeing the consolidated
Oil tanker Ye Chi reported fire in superstructure in living quarters to MRCC Shanghai caught fire yesterday (August 3) afternoon off Dayangshan Island, Shanghai. Five crew were seriously injured in fire, they’ve been taken to hospital, one of them died
Worldwide shipping group CMA CGM informs that two of its containerships are leading a vessel procession that celebrates the inauguration of the newly expanded Suez Canal on Thursday, August 6. The two vessels at the head of the procession, CMA CGM Laperouse and CMA CGM Titan
Hydrex has an in-house Research & Development department that can take care of the engineering aspects of an operation. In this way turnkey solutions can be offered for complex hull and other repairs that require the construction of specific equipment.
Heavy silt deposits in the Mississippi River Delta caused by recent high upstream river levels have led to a reduction from 47 to 45 feet for the maximum recommended draft for vessels using the Southwest Pass, Inchcape Shipping Services (ISS) advised.
For the second month in a row, shipments of limestone on the Great Lakes topped 4 million tons in July, the Lake Carriers' Association (LCA) reported. This is the first time loadings have topped the 4-million-ton mark for more than one month in a shipping season since 2008.
In the wake of the explosions near Tianjin port on Wednesday 12th August, MSC confirms that Tianjin Pacific International Container Terminal (TPCT) which is used by MSC, is located 6 kilometers from the blast site at the East Port Area
The 12 Clipper Race yachts left the Gosport Marina and will perform a parade of sails alongside the Spinnaker Tower before heading off to London. As the boats left the marina, other crews waved goodbye and wished them luck for their quick journey to the capitol where they will have
The National Union of Seafarers of India (NUSI) has informed has conceded to their demands of granting Income tax exemption to Indian seafarers sailing on Indian flag vessels. Accordingly, Union has stated that through a the Government of India circular the government has accepted the
According to local news, a female passenger is currently missing from MSC Cruises‘ MSC Magnifica. The Magnifica was sailing to Izmir, Turkey when the woman disappeared overboard. The passenger, identified as Chinese
The U.S. Coast Guard Barque Eagle sailed into Portsmouth Wednesday on its yearly tour of ports. The Eagle will be available for free public tours Thursday from 10 a.m. - 4 p.m, moored across from Portsmouth City Hall. Representatives from the U.S