After 75 years another first: An MR-sponsored 6U T-Ball Team West Palm Beach - The boys of summer are now proudly wearing the red & black of Maritime Reporter. With this publication’s backing, a 6U T-ball team is setting course for a championship. This fleet of tiny titans drops anchor at Phipps Park in West Palm Beach each weekend, followed by a flotilla of fans. The boys, some of whom have played together for three seasons running, are seeing their hard work pay off. New to the squad, first baseman Robert Howard is formidable at the plate and has a glove like a gill net. Anything but an ordinary average guy, pitcher Joe Walsh holds down the center of the infield, while shortstop Yampiel Chavez provides speed, range and power. Utility man Gus Doskey has never seen a base he didn’t want to slide into. Simon Fox comes from a long line of baseball-playing brothers and can play any position on the field, and Brian “Big B” Fowler provide depth at second and third, while free spirit Harrison Warwick handles the catching duties. In the outfield it’s brotherly love when Angel Perez and James Perez-Gomez hustle to the ball. To be fair, they’ve also been known to fight over it. The family affair continues with Bud Miller, Walsh’s cousin, who is the resident roughneck, and has the scars to prove it. Rounding out the group is Mr. Nice Guy Samuel Mojica, a gentle soul and man-child of few words who lets his bat do the talking
Gulf of Mexico fishermen are threatened by a daily wave of foreign illegal fishing vessels and the U.S. fishing industry is calling on Congress to take action, Florida business owners said April 8 at an event hosted by the Gulf Coast Leadership Conference. Mexican fishing boats enter U.S. sovereign waters and illegally poach hundreds to thousands of fish at a time. Although the U.S. Coast Guard and Gulf state maritime law enforcement agencies have taken aggressive action to find and
BASS will be exhibiting at the Sea Japan exhibition on April 10-12 in Tokyo, Japan. Jointly organized by CMP Japan Co., Ltd and The Seatrade Organization, Sea Japan 2002 will showcase a total of over 250 companies from 27 countries and regions. Software demonstrations will be shown throughout the exhibition period. Representatives from the company will also share customer case studies with visitors. BASS together with its Japanese sales agents; Aall & Co
ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore. The office will be managed by ShipServ’s VP of Sales Sharon Gill and will be open for business from July 1st. “We are very excited to get much closer to one of the biggest and most vibrant shipping markets in the world and will look to increase our already substantial customer base in the
International accountant and shipping consultant Moore Stephens said many overseas companies, including some connected to shipping interests, will be among those affected by draft legislation from the U.K. government proposing changes to the taxation of U.K. residential property valued at £2m or more. Among other things, companies resident outside the U.K. will, for the first time, be liable to capital gains tax (CGT) on such property, with effect from April 6, 2013.
Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.7 million and net loss attributed to common stockholders of $7.2 million reported in the second quarter of 2014. Time charter revenues were $38.6 million for the second quarter of 2015, compared to $43.2 million for the same quarter of 2014
General Maritime Corporation reported its financial results for the three and nine months ended September 30, 2006. Financial Review: 2006 Third Quarter The company had net income of $24.0m, or $0.78 basic and $0.76 diluted earnings per share, for the three months ended September 30, 2006 compared to net income of $7.2 million, or $0.19 basic and $0.19 diluted earnings per share, for the three months ended September 30, 2005
Stolt Offshore S.A. has restated its second quarter and six-month results as a result of two accounting adjustments. The adjustments have a positive impact on the Company's net income of $1.4 million. The net income for the quarter ended May 31, 2002 is now $4.8 million, or $0.06 per share, on net operating revenue of $333.4 million. For the six-month period ended May 31, 2002, the Company now reports a net profit of $5.1 million, or $0.06 per share,
Royal Caribbean Cruises Ltd. announced a net loss for the fourth quarter of 2005 of $3.6 million, or $0.02 per share, compared to a net loss of $25.8 million, or $0.13 per share, for the fourth quarter of 2004. Revenues for the fourth quarter of 2005 increased 6.7% to $1 billion from revenues of $964.6 million in the fourth quarter of 2004. Gross Yields and Net Yields for the fourth quarter of 2005 increased 6.1% and 8.2%, respectively, from the fourth quarter of 2004
Stolt Offshore S.A. reported results for the fourth quarter and the year ended November 30, 2001. The net loss for the latest quarter was $2.0 million, or $0.02 per share, before the write off of certain intangible assets relating to the Comex name of $7.9 million, and $9.9 million, or $0.11 per share after the intangible write off, on net operating revenue of $417.3 million, compared with net loss of $2.3 million, or $0.03 per share, on net operating revenue of $299
CMA CGM, the world's third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore's Neptune Orient Lines (NOL) after receiving regulatory clearance from China, the French group said. CMA CGM received on Wednesday confirmation of the deal's approval by the
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period ended March 31, 2016. First Quarter 2016 Highlights:
Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has announced the delivery of Corona Victory, an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on May 24, 2016. Corona Victory is same type as “K”
Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company") a leading shipowner and global drybulk handysize transportation service provider announced its financial and operating results for the first quarter ended March 31, 2016.
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates in the past year have left many lines operating
Greece-based DryShips Inc. (DRYS) reported first-quarter of 2016 net income of $55.4 million, after reporting a loss in the same period a year earlier. The company said it had profit of $2.05 per share. Losses, adjusted for non-recurring gains, came to 78 cents per share.
Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, on 17 May 2016 sold the Company’s vessel HELLENIC WIND (74,000 DWT built 1997) for demolition to an unrelated third party for a total gross cash consideration of US$2.88 million.
Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year. The pure play LNG transportation provider said that an oversupply of shipping in the carrier market
Ship Finance International Limited announced that it has agreed to sell the 1998 built VLCC Front Vanguard to an unrelated third party. Ship Finance has simultaneously agreed to terminate the corresponding charter party for the 18-year old crude oil carrier with a subsidiary of Frontline
Shipbuilder ASL Marine has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions. The contracts secured are mainly from repeat customers in the region as well as in the Middle East
Odfjell reported a net result for the first quarter 2016 of $24 millions, with improved EBITDA of $69 million, compared to $45 million last quarter. The company said it has seen a significant reduction in voyage expenses compared to previous quarters mainly due to expiry of bunker hedges
The South Korea government plans to drop its forceful measures to push ailing local shipbuilders to merge with each other as mergers or additional cash outlays to Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) are unlikely
Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) Limited has recorded a net loss of USD 11.7 million in the first quarter of 2016, compared to a net profit of USD 4.2 million in the corresponding quarter of 2015.
China's imports of crude oil rose 7.6 percent in April from a year ago, customs data showed on Sunday, lifted by continued strong demand from domestic private refiners. The high April inflows were a result of the strong appetite of small domestic independent "teapot" refineries
NOL Group reported a first quarter 2016 net loss after tax of $105 million. Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) for the period was a loss of $84 million, while core EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) remained positive at $18