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
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
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
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
The Royal Caribbean ship Nordic Empress will reposition to the Caribbean from Philadelphia, where the ship has been sailing from since the terrorist attack in New York. Nordic Empress will depart Philadelphia on October 21, on an eight-night sailing to San Juan, Puerto Rico, with port calls in King's Wharf, Bermuda and St. Thomas, U.S. Virgin Islands. The Celebrity Cruises ships Horizon and Zenith will reposition to the Caribbean from Philadelphia and Baltimore, respectively
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
International Paint Ltd. announced the completion of coating work on one of the world’s largest crude oil carriers, the 442,500 dwt V-Plus TI Africa. Owned and operated by Overseas Shipholding Group, Inc. (OSG), the 2002 Korean built vessel, one of four sister ships, recently drydocked in Dubai. T The decision to use the unique patented, Intersleek 900 fluoropolymer foul release coating was based on experience with Intersleek 700 silicone based products on three OSG owned VLCC’s.
Baker, Lyman and Co., Inc. hired John Scarborough as senior consultant. He is an authorized agent for Germanischer Lloyd on the Corsair Towing Safety Management Systems (TSMS) Strategic Alliance for Subchapter M compliance software for the domestic towing industry.
The naming of Service Support Vessel DP Gezina in Hardinxveld – Giessendam was performed by Mrs. Gezina Roelofs, and witnessed by the 200 guests attending the event. Mrs. Gezina Roelofs is the mother of the owner of Chevalier Floatels, Marcel Roelofs.
In line with the Intertanko-led joint proposal last year, the International Maritime Organization (IMO) has agreed to a rescheduling of the International Ballast Water Management Convention implementation dates, which will smooth the installation scheduling for ships installing ballast water
US Coast Guard cadet training barque ‘Eagle’ completes its first week of the cadet summer training deployment in the Atlantic Ocean. Eagle left its homeport in New London, Conn., and sailed more than 600 miles headed to the Caribbean while under sail power and using celestial
Viking Cruises launch Viking Ocean Cruises, the first new cruise line in nearly a decade. Developed from the ground up to return the focus of cruising to the destination, Viking Ocean Cruises will begin sailing in May 2015 with its first vessel—Viking Star—embarking on maiden voyages
Mitsui O.S.K. Lines, Ltd. (MOL) announced the completion of a tabletop drill done in cooperation with the fifth Regional Coast Guard Headquarters. The scenario entailed a containership operated by MOL Liner Division (Hong Kong) and managed by an MOL Group ship management company (Hong Kong)
The Ministry of Defense in Oman has awarded Damen Shipyards Group a contract for the construction of a Sail Training Vessel (STV). The 87-metre square rigged, three-masted steel clipper and will take up her role as flagship. In addition to its key role of training young Omani navy cadets and
PPG Industries introduce Sigma Syladvance 700 coating to protect vessels with flexible service speeds, trade patterns. Based on the successful Sigma Syladvance 800 premium antifouling product, PPG say that their new Sigma Syladvance 700 coating extends the line with an "entry-level"
Samskip Multimodal is increasing capacity on shortsea services connecting Rotterdam to Hull, United Kingdom, further reducing transit times. Samskip Multimodal said that as of May 14 it will replace the 340 TEU Veritas H with the 803 TEU Henrike Schepers on its Netherlands to U.K
Fifteen warships from nine countries around the world, including the latest patrol vessels, frigates, corvettes and destroyers, sailed into Singapore for the Warships Display at IMDEX Asia 2013, taking place at Changi Exhibition Center from May 14-16, 2013.The U.S
ABB Chief Executive Officer Joe Hogan has decided to leave ABB for private reasons. A date for his departure has not yet been decided, says the company, and Hogan will continue to lead ABB until a successor is announced as he is committed to a smooth transition.
Representatives from U.S.-flag maritime labor and industry work the halls of Capitol Hill together to promote their cause. The delegation came to promote various issues affecting those who work, sail, build and operate American vessels as well as nation’s harbors, ports and waterways.
Maersk Line has purchased & is reflagging 8 newer and larger containerships to upgrade services provided to its U.S. military, government and commercial customers. MLL's investment of approximately half a billion dollars in eight vessels will improve the quality of service to the Middle East
Circling the world five times as part of her famed 30,000-mile circumnavigation voyages, the tall ship Picton Castle has often been called upon to deliver critically-needed goods, including medical supplies and thousands of pounds of donated books and educational materials
PPG Protective and Marine Coatings (PPG) has launched Sigma Syladvance 700, a high performance antifouling designed specifically for ships working at medium to high rates of operation and medium speeds. Based on the Sigma Syladvance 800 premium antifouling product