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.
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
Barge operator Kirby Corp. said its third-quarter profit would miss Wall Street expectations by about 10 percent because of a fall off in refined petroleum shipments and higher fuel prices. Houston-based Kirby, which operates a fleet of barges and towing vessels transporting chemicals, refined petroleum and agricultural goods on U.S. inland waterways, said in a statement its third-quarter profit would be between 36 cents and 38 cents per share
Tidewater Issues Earnings Guidance Tidewater Inc. announced that it expects fiscal second quarter financial results to be below current analysts' earnings expectations. For the three months ended September 30, 2003, the Company is currently estimating diluted earnings per share of $0.20-$0.23. The Thomson First Call consensus earnings estimate is currently $0.31 per share.Lower utilization for the Company's supply and towing supply vessels in certain international markets
CP Ships Ltd. was able to report a 37% increase in net income in the third quarter despite higher costs, due to continuing general improvement in industry conditions. The company said its operating profit in the latest quarter was the highest since it went public in October 2001. Third-quarter net income was $33 million or 36 cents a share, up from $24 million or 27 cents a year earlier. The Thomson First Call mean estimate was for net income of 41 cents in the latest quarter.
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
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 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
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.
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
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
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.
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
On 7 June 2011 the UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eurogate Container Terminal
Kiel marks ten years as a base port for Costa cruise ships Today marks the beginning of Kiel’s tenth season as a base port for the cruise ships of the Costa Crociere Shipping Company. It comes as “Costa Pacifica” arrives in Kiel to become the biggest cruise ship ever to
Statoil has awarded Island Offshore a framework agreement for a new light well intervention (LWI) vessel on the Norwegian continental shelf (NCS). The third of its type in Statoil’s portfolio the vessel will help reduce the costs of well interventions and enhanced oil recovery.
Latest ship completes ‘generation’ switch on Kiel-Gothenburg Line Kiel, April 20th, 2011: today’s first call by “Stena Scandinavica” at Kiel’s Schwedenkai Terminal rounds off Stena Line’s new ship generation switch on the Kiel-Gothenburg ferry route
1796 - Congress authorizes completion of 3 frigates 1861 - Norfolk Navy Yard abandoned and burned by Union forces. 1914 - In first call to action of naval aviators, detachment on USS Birmingham sailed to Tampico, Mexico.
West Coast South America Service connects Georgia exports to Ecuador and Peru Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that Maersk has added the Port of Savannah to its newest all-water service, Spondylus
Mitsui O.S.K Lines Ltd.(MOL)'s MOL Precision made its first call at Tan Cang-Cai Mep International Terminal (TCIT) in Vietnam on January 15, where a welcoming ceremony was held in commemoration of the event. Attended by approximately 200 people, including government officials