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
Low-friction, self-lubricating coatings use patented technology to deliver reduced fuel consumption and improved tolerance to idle time. PPG Protective and Marine Coatings announced the launch of SIGMA SAILADVANCE, a new range of antifoulings suitable for a variety of operating conditions
Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore.
Littoral Combat Ship 6 (LCS 6), the future USS Jackson, has completed U.S. Navy acceptance trials, shipbuilder Austal Limited announced. The trials, the final milestone before delivery, were undertaken in the Gulf of Mexico and involved testing of the vessel’s major systems and
Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ. NITC has amassed the world’s largest fleet of super tankers and is in talks to sail back into western waters should
The U.S. Coast Guard Sector Delaware Bay is alerting mariners of a safety zone to mitigate the risks associated with the Tall Ships Philadelphia Camden 2015 Parade of Sail. The safety zone is effective 2:00 p.m. to 6:00 p.m. on June 25, 2015.
Verotec has supplied suites of five different VMEbus-based systems to a global US-based naval and marine systems integrator. The systems will be used in military shipboard applications, so meeting exacting shock and vibration requirements was a critical requirement.
Solvent-free product offers a single-coat solution for rapid cure and return to service, suitable for a wide range of oil products and chemical cargoes. PPG Protective and Marine Coatings has unveiled NOVAGUARD 810, a specialized tank storage coating which provides outstanding resistance
Svitzerhas ordered two more Damen ASD 3212 tugs with 80 tons bollard pull performance for its escort and towing operations on the Thames and Felixstowe. They are being built at Damen’s ong Cam Shipyard in Vietnam and will be delivered to Svitzer UK in October 2015.
The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier list which aims to stop price fixing among state-owned shipping companies.
The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway. He later received Lerwick Port Authority's trophy for first yacht over the line, at 20:56 hours on Thursday
A Celestyal Cruises ship suffered structural damage to its bow and was forced to dock at Turkey’s port of Gallipoli after it collided with the Marshal Islands-flagged product tanker STI Pimlico on Saturday June 27th 2015 and at around 1:28 am local time.
A rescue helicopter crew from Coast Guard Air Station Miami medically evacuated a woman 98 nautical miles northeast of Palm Beach Gardens, Florida, Sunday. Watchstanders at the Coast Guard 7th District command center received a report of a woman aboard the sailing vessel Kraken who
Vertical turbine pumps keep barges trimmed and balanced by moving water ballast. Bearing failure at this critical time is not an option. Vesconite Hilube, an internally-lubricated polymer that can be used in wet and corrosive conditions, outperforms traditional bushing materials
New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific
U.K. Royal Navy Ice Patrol Ship HMS Protector is deployed on operations for 330 days a year, mostly in the Antarctic region, making it essential that her underwater hull is protected against the harsh icy conditions she faces. At the end of May