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
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 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
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
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
RIBCRAFT, a builder of professional grade rigid inflatable boats (RIB) for sailing programs and yacht clubs announced today that during the month of January all sailing programs and yacht clubs will receive special discounted pricing. Sailing programs and yacht clubs that place their order for a new RIB by January 31st will receive a 5% discount off of the total sales price. In addition to the discount
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
Gondán Shipyard celebrated the keel laying ceremony of the sail training vessel that the yard is building for the British Marine Society & Sea Cadets (MS-SC). In the ceremony, which took place this morning in Figueras Shipyard (Castropol) participated representatives from the British
Today in U.S. Naval History: April 15 1885 - Naval forces land at Panama to protect American interests during revolution 1912 - USS Chester and USS Salem sailed from MA to assist RMS Titanic survivors 1918 - First Marine Aviation Force formed at Marine Flying Field, Miami, Fla.
North Sea Forties crude differentials firmed on Tuesday as traders eyed two potential VLCC shipments to Asia, though gains were capped as the first cargo of Libyan crude was set to load since a deal with rebels to reopen ports. Traders have been watching the progress of two VLCCs - the BW Utah
North Sea Forties crude differentials were unchanged on Wednesday in very quiet pre-Easter trade, with dealers still watching two potential VLCC shipments to Asia and the stuttering return of Libyan oil supplies. A strong early rally in flat-price Brent futures also kept traders on the sidelines
A Mongolian-flagged cargo ship has sunk off the southern coast of South Korea, with most of the 16 North Korean crew members on board missing, according to South Korean coast guard officials Two crew members were found dead and three were rescued
Today in U.S. Naval History - April 4 1776 - Continental Navy frigate Columbus captures HM Tender Hawke, first American capture of British armed vessel 1854 - Sailors and Marines from sailing sloop, Plymouth, protect U.S. citizens at Shanghai
From fall 2014 through spring 2015, Holland America Line will offer South America deployment with four ships positioned in the region. The line's ms Statendam, ms Maasdam, ms Prinsendam and ms Zaandam will sail 20 voyages around the continent ranging in length from 14-68 days.
When Imtech Marine was asked to supply a hybrid propulsion system to the first ever diesel electric, hybrid seagoing ferries to the Scottish state-owned ferry operator, Caledonian Maritime Assets Ltd. (CMAL) in 2011, fuel savings of around 20% were expected, the company said
Innovative Damen, Delft University of Technology and De Vries Naval Architects gain royal approval Damen Shipyards Group announced it worked with Delft University of Technology to design and apply the latest in the field of shipbuilding for the new prototype (search and rescue) SAR 1906 lifeboat
A family of four rescued from their sailboat after the youngest of two children became seriously ill are due to return to California on Wednesday aboard a U.S. warship that picked them up over the weekend, Navy and Coast Guard officials said.
A family of four rescued from their sailboat after their infant daughter became seriously ill at sea returned safely to San Diego on Wednesday aboard a U.S. warship that picked them up in the Pacific over the weekend, a Navy spokeswoman said.
Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system. Viterra, owned by Glencore Xstrata PLC, said on Thursday it will spend C$100 million ($92 million) to boost grain
Coast Guard Station Mayport crewmembers responded to a report of a sailing vessel that allided with the Main Street Bridge Thursday in Jacksonville, Fla., in the St. Johns River. Watchstanders in the Coast Guard Sector Jacksonville command center were notified of the incident at approximately
U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders Add to Collection(Oil)|Print Download:Plain TextXMLAll WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division delivered the amphibious assault ship America (LHA 6) to the U.S. Navy today. More than 900 crew members marched through the shipyard for a delivery ceremony on the ship's flight deck