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SMOOTH SAILING

Conrad Industries Report Smooth Sailing in Q1 2013

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.


Danish Sailors Rescued 650 Miles NE of Bermuda

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


Hong Kong Shipping Sector Set For Y2K

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


Chart World's ECDIS Gets U.S. Coast Guard Nod

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


Rickmers-Linie Carries Bangladesh-Made Ferry to Denmark

Rickmers-FerryBW-Thumb.jpg

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


USCG Credentialing and Mariner Medical Evaluations

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


ZF Marine’s New Single POD Propulsion System

Photo courtesy ZF Marine

ZF Marine LLC, the North American division of the global ZF Marine Group, introduced a revolutionary new approach to POD drive and joystick control technology in small pleasure craft applications. In conjunction with SeaVee boats, ZF Marine has developed a complete propulsion system solution around a center console sport fishing application that will offer joystick control and manoeuvrability while employing the pleasure craft industry’s first single POD driveline


Design of Aquarius Solar Power Array Starts

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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


Disney Cruise Liner Arrives for NY Christening

Disney Fantasy: Credit Disney

Disney Cruise Line ship Disney Fantasy sails past Statue of Liberty for Christening Ceremony The Disney Fantasy, newest ship of Disney Cruise Line, arrives in New York after traveling nearly 3,800 miles across the Atlantic Ocean from Bremerhaven, Germany. The 4,000-passenger Disney Fantasy will be christened in New York on March 1, then sail to her home port of Port Canaveral, Fla. With a maiden voyage on March 31


ClassNK Approves Fillet Welding Consumable

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


UASC to Open Agency in Switzerland

Photo courtesy of UASC

United Arab Shipping Company (UASC), a leading global shipping company based in the Middle East has announced that it will open a wholly-owned representation in the Swiss market as of 1st of January 2015. UASC’s new agency in Switzerland (UASAC Switzerland GmbH) will be a subsidiary of UASAC


Captain, Officer of Containership Detained after Deadly Collision

The captain and first officer of a Kuwaiti container ship have been detained for four days after their ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians, a public prosecutor said on Tuesday.   The prosecutor said on Monday that initial enquiries showed the fishing


Antwerp Port Showcases Barge Transport Initiatives

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  Each week more than 915 barges call at the port of Antwerp carrying project cargo, containers and dry and liquid bulk to and from northern France, the Netherlands, Germany, Switzerland and Austria. Keeping this barge traffic flowing smoothly requires efficient collaboration between all


Maersk: Rate Hike Under Pressure on Low Demand

Image: file photo

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was already under pressure due to weak demand from shippers. Maersk Line, a unit of Danish conglomerate A.P


Fourth Rig Delivered to Perforadora Central

Coatzacoalcos is the fourth of five jackup rigs Keppel AmFELS is building for Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V


Kings Point Student Earns NMRA Scholarship

Jacqueline Weymann (left) with Norm MacLeod

The National Marine Representatives Association (NMRA) recently awarded its second $500 scholarship to a student pursuing education in the marine industry and maritime trades. Jacqueline Weymann, of Kings Point, New York, was honored in a presentation made by NMRA past president Norm MacLeod


NAVCENT Commander Recognizes Journey of Hope Sailors

Vice Adm. John W. Miller, commander of U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, recognizes special needs sailors from the Kuwaiti ship Journey of Hope who are nearing the completion of a

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship, Journey of Hope, during a port visit in Bahrain, Nov. 25.


Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands. Relations between China and Japan, the world's second- and third-largest economies


Norwegian Cruise Line Inks Deal with New Orleans Port

Port of New Orleans, Norwegian Cruise Line Sign New Multi-Year Berthing Agreement

  Officials with Norwegian Cruise Line and the Board of Commissioners of the Port of New Orleans signed a new four-year berthing agreement today with three one-year options. The agreement will keep at least one Norwegian cruise ship sailing seasonally from New Orleans through 2018 with the


DuPont Keeps Marine Devices Afloat

DuPont Thermoplastic Elastomer

Design and Materials Combine to Improve Performance   DuPont Performance Polymers and Ireland-based Technology from Ideas (TFI) collaborated to develop  a novel way to allow moored devices to move with the sea, which dramatically reduces peak loads up to 70% and improves durability


LM Handling Installs FPSO

Acteon operates across the entire life of field, from exploration to decommissioning

  LM Handling, an Acteon company, has provided handling expertise and equipment to support Acteon sister company, InterMoor, in the successful mooring installation of a floating production, storage and offloading (FPSO) unit for the China National Offshore Oil Corporation (CNOOC) operated


Damen Performs Cruise Ship Maintenance

Photo: Damen

Astor and Marco Polo receive refurbishment and class survey work   Damen Shiprepair & Conversion has recently carried out a number of cruise ship repair and refurbishment projects in the Netherlands, including Astor and Marco Polo, both operated by Cruise & Maritime Voyages


Pacific Basin Sells Harbor Towage Business to Smit Lamnalco

Pacific Basin Shipping Limited has sold to Smit Lamnalco its entire shareholding in PB Towage Australia (PBTA), including all its harbor towage operations and 16 harbor tugs and two additional assests (one harbor tug and one barge) currently owned by other PB companies.


Leighton to Sell John Holland

  Leighton Holdings today announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI). CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the fourth largest construction company in the world by


Northrop Grumman Sponsors Jubilee Sailing Trust

  Northrop Grumman Corporation (NYSE: NOC) is among the sponsors of  the Jubilee Sailing Trust (JST), a registered charity whose mission is to promote the integration of people of all physical abilities, including injured and recovering servicemen and women






 
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