The European Commission issued the First Call for Proposers regarding the EU Marco Polo Program. The program is intended to reduce road congestion in Europe by shifting freight transportation from highways to short sea shipping, rail, and inland waterways. Proposals under this program should be submitted by December 10. Source: HK Law
On its first journey from Asia to Europe the container ship new building Hyundai Bangkok for the first time visited the HHLA container terminal Altenwerder in Hamburg. The 6755 TEU vessel is operated by the shipping consortium New World Alliance in its AEX service (Asia- Europe Express Service). The Hyundai Bangkok" leaves Hamburg for the ports of Thamesport, Le Havre, Singapore, Hong Kong, Kaohsiung and Kwangyang, before returning to the Hanseatic city via the ports of
General Dynamics Corp., maker of nuclear submarines, tanks and destroyers, reported an 11 percent increase in second-quarter profits, meeting Wall Street targets, on gains in its combat systems operations. The company, which is battling rival defense contractor Northrop Grumman Corp. to take over Newport News Shipbuilding Inc., posted net earnings of $227 million, or $1.12 per share, up from $204 million, or $1.01 per share, a year earlier. Analysts had expected a profit of $1
Tidewater reported second-quarter earnings of $104.2 million, or $1.86 per share, up from a year-ago profit of $82.2 million, or $1.42 per share. The latest results included a gain of $17.2 million, or 31 cents a share, related to an asset sale. Revenue rose in three months ended Sept. 30 to $274 million from $204.4 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of $1.32 a share in the September period
The company’s performance summary gave highlights for the quarter including: good project execution in all regions delivering EBITDA of $164.8 million; satisfactory financial result despite currency losses and mark-to-market adjustment of derivatives; and award of largest contract to date in Africa from BP in respect of Block 31 - signed first call-off contract under the framework agreement with an estimated value of $460 million.
Charges have been laid against two commercial jet boat drivers following a collision on the Dart River, near Queenstown, in which a passenger suffered a broken clavicle & several others suffered bruising. The incident involved jet boats from Dart River Safaris (who do not face any charges as a result of the incident) one jet boat carrying 11 passengers and heading upstream and the other, carrying the driver alone, heading downstream
Carnival Corp. on Thursday said fiscal second-quarter profits dropped 8 percent, in line with expectations, as prices for sea vacations remained tepid. The Miami-based owner of Holland America, Cunard and four other cruise lines said profits were $187 million, or $0.32 per share, for the three months ended May 31, compared with $204 million, or $0.34 per share, a year earlier. Industry analysts had forecast that Carnival, whose 45 ships dominate the $12 billion global cruise market
Rickmers-Linie celebrated the fifth christening in its series of nine new Superflex Heavy Multi-Purpose Container (MPC) vessels on November 8 in Shanghai. Madame Zhang Xiang Lan, wife of Mr Luo Kai Fu, Chairman of the Sinotrans Group, was the godmother of Rickmers Shanghai. The name of the ship reflects the importance and tradition of China in the business of Rickmers-Linie. The Hamburg-based company has been providing
Invenia Technologies LLC Provides Medical Kits, 24/7 Doctors Service, Telemetry – Worldwide Carmen Foy, CEO of Invenia Technologies LLC, announced today the launch of Invenia Technologies Medical Division. “Invenia’s Medical Division now provides another option in the marketplace for vessels to obtain their required medical kits and supplies, 24/7 doctor access and state of the art telemedicine equipment.
Born five years ago, ABB’s remote diagnostics service (RDS) is still in its infancy. But this brainchild of service technology is growing fast – and its future looks bright. The quality of ABB’s marine after sales service is stepping up a notch with the opening of a new control center in Norway and the addition of remote diagnostics service (RDS) connections fitted to vessels in shipyards. Systems specialists are available from a control center just outside Oslo to
Calling, Messaging and Voicemail Solution, Specially Designed for the Crew. MTN Communications (MTN) announces the general availability of the first calling app for maritime crew. MTN OceanPhone Mobile leverages the Wi-Fi infrastructure on vessels, as well as the MTN network
Enhanced service network between Japan and South East Asia / Port rotation includes four Japanese ports / First sailing mid of March. Hapag-Lloyd is launching the new Japan-Singapore-Jakarta service (JSJ) which will commence on March 12 from Singapore
The ship's doctor on board a Norwegian research vessel in the Gulf of Mexico has been airlifted to hospital by a US Coastguard helicopter, and at the other end of the world, a sailor from an Australian warship remotely located off the country's far northwest coast also needed emergency medical
In order to develop its business of carriage of new and secondhand vehicles from France, European Roro Lines (ERL), a company among the leaders of the ro-ro traffic bound for Africa, has selected HAROPA. Created March 1, the French subsidiary of European Roro Lines
Explosive Ordnance Disposal (EOD) specialist Ramora UK (www.ramorauk.com) reports that it has safely disposed of an unexploded World War II mine onsite at one of the world’s largest offshore windfarm. The four-man Ramora UK team used a Remotely Operated Vehicle (ROV) to place a countermining
FMC Technologies, Inc. (NYSE: FTI) won a contract by BG Norge, a subsidiary of BG Group, for the manufacture and supply of subsea production equipment to support the Knarr oil and gas field. The contract has a value of approximately $135 million in revenue to FMC Technologies.
Tidewater Inc. (NYSE: TDW) said that fiscal second quarter financial results for the three months ending September 30, 2011, are currently expected to reflect vessel revenues that are below the $255 million to $260 million range provided by the Company during its August 4, 2011
Savona to Host Naming Event on May 6th. Costa Cruises, the largest Italian travel group and Europe’s no.1 cruise company, announces big news regarding the new flagship Costa Fascinosa (114,500 gross tonnage and 3,800 total Guests) (www.costacruise
The contract involves further modification work on Sleipner A under the Sleipner Modification Portfolio Agreement. In detail, this contract is for engineering, procurement, construction, installation and commissioning (EPCIC) to tie the gas production from the Dagny platform into Sleipner A.
The European Commission launches a call for renewabke energy project funding under NER300. The wind categories have remained the same as for the first call, and include offshore wind farms with very large turbines, floating offshore turbines and onshore wind turbines for complex terrains and
Maersk Line, the global containerized division of the A.P. Moller – Maersk Group, added Port Miami to its Transpacific 7 (TP7) Service. The first call for the TP7 Service started today at PortMiami with the arrival of the Maersk Kristina, a 6
The UK P&I Club announced that it has completed the consent solicitation process on its hybrid capital bond (the Capital Securities) and has agreed with bondholders to: (a) amend the fixed interest rate payable in respect of the Capital Securities in respect of the period from (and
MARIN has launched an intitiative offering 6 free basin slots of two weeks (80 basin hours including advice by a qualified test engineer) to qualified 'small & medium enterprise' (MKB) clients. This initiative is launched to stimulate innovation in the Dutch maritime sector and to lower
As part of its continuing global growth strategy, subsea installation contractor Bibby Offshore has announced the opening of a new division and international base in Houston. The company, that also has bases in Aberdeen, Liverpool, Singapore and Trinidad
The North P&I Club launched a new campaign for 2014 aimed at reminding members of the importance of providing high quality healthcare while avoiding excessive medical costs, the club said. An information sheet entitled 'People Claims: Controlling the Cost' is being circulated to all entered