The fleet of nine Stabicraft 659 Wheelhouse vessels delivered to Alaska at the beginning of the year have just completed their first 6 months of service. The vessel orders came at a special request from Saltwater Inc, a private organization that gathers data on wild life and fish stocks for the Alaskan Department of Fish and Game and by the National Marine Fisheries Service. The boats were sent to the US in semi assembled form from Stabicraft Marine’s Invercargill factory in New Zealand, where once in the US, went through final assembly and fit out before being launched in May. Saltwater Inc have been using the vessels this past northern hemisphere summer as observation boats to monitor the gill net fishery and the fishery’s interaction with sea mammals and sea birds. Saltwater Inc Vessel Manager, Chris Denker says that since launch the boats and their two man crews have been running consistently at least 4 days a week and have covered around 2000 nautical miles each. “In the Alaskan fishery, fishing begins at 12:00pm on Sundays. On a perfect weather day, crews can depart around 09:30 for the roughly 2-hour transit to the fishing grounds. At around 20 knots, the vessels are covering a lot of ground on a daily basis,” says Denker. Daily operational duties include transiting 40 to 45 nautical miles to active fishing grounds, working in close proximity to fishing vessels
The Transportation Safety Board hopes to have its final report on the sinking of the B.C. Ferries vessel Queen of the North ready by September, the National Union of Public and General Employees reported. Officials with the board are apparently anxious to establish a faster standard for issuing major reports by getting this one out within six months rather than waiting a year or longer to complete its work, as has often happened in the past
The U.S. Environmental Protection Agency and the Hawaii State Department of Health settle with Marisco Ltd for pollution offences. The violations took place at Marisco's ship repair and drydock facilities at Kalaeloa Barbers Point Harbor on Oahu. This is the largest Clean Water Act civil penalty against a ship repair facility nationwide. The settlement, a consent decree, was lodged with the U.S. District Court for the District of Hawaii and is subject to a 30-day public comment period and
Many oil companies reported a decrease in net income for the second quarter, compared to the previous year's results, although - in most cases - the second quarter still outperformed the first. While the decreases ranged in percentage, only a few companies' results were virtually unchanged from the previous year's performance. However, higher crude oil prices resulted in many companies' exploration and production net income actually increasing over the previous year.
Chevron Corporation reported 1998 preliminary net income of $1.98 billion, down 39 percent from 1997 net income of $3.3 billion. Net income for 1998 and 1997 included net benefits of $31 million and $76 million, respectively, from special items. For the fourth quarter 1998, net income of $431 million included net charges of $72 million from special items. Charges associated with asset write-downs; reserves for environmental remediation and a litigation issue; and last-in
Transocean Sedco Forex Inc. announced that net income for the three months ended September 30, 2001 was $97.6 millionon revenues of $770.2 million. Net income for the quarter included a net after-tax gain totaling $7.5 million, resulting primarily from the sale of two Nigerian-based land rigs and the disposal of an inland drilling barge. Excluding the net after-tax gain, net income for the three months ended September 30, 2001 was $90.1 million
International Shipholding Corporation reported results for the year and quarter ended December 31, 2001. Net loss for the fourth quarter was $1.5 million as compared to net income of $775,000 for the fourth quarter of 2000. For the year ended December 31, 2001, the Company reported a net loss of $64.4 million as compared to net income of $836,000 during the year ended December 31, 2000. The annual results for 2001 reflect a previously reported asset write-down on "Assets
Further to its August 5 announcement that the release of its second quarter 2004 financial results has been rescheduled to 16th August, CP Ships Limited announced today that in conjunction with the release of second quarter 2004 results it will restate previously reported financial results. As announced in May, CP Ships began implementing a new SAP financial accounting system in January. The implementation has revealed some
Stealthgas Inc., a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the quarter and six months ended June 30, 2007. For the quarter ended June 30, 2007, net revenues amounted to $19.9m and net income was $5.7m an increase of $2.7m or 15.7% and an increase of $1.1m or 23.9 percent respectively from net revenues of $17.2m and net income of $4
The Manitowoc Company, Inc. reported increased revenues and strong cash flow for the fourth quarter and full year ended December 31, 2002. Net sales for the fourth quarter were $400.4 million, increasing 47 percent from $271.8 million in the fourth quarter last year. Including special items, the company reported a net loss for the quarter of $25.1 million, or a loss of $0.94 per diluted share. Excluding special items, earnings were $5.3 million, or $0.20 per diluted share, compared with $8
DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargos, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, announced its unaudited financial and operating results for the first quarter ended March 31, 2013.
Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Highlights for the first quarter of 2013: · Revenue from operations USD 16.5 million · EBITDA from operations is positive USD 7.2 million
COSCO Corporation (Singapore) subsidiary COSCO (Dalian) Shipyard secures the RMB 500-million contract. The order from an unnamed Chinese shipowner is to build a 28,000 cu.m capacity LNG carrier. The vessel is scheduled for delivery in the first quarter of 2015 and COSCO state that none of
STX Marine announced Bill Lind has joined its team to further develop their growing portfolio in the Gulf Coast. Bill joins STX Marine as Vice President of Operations (Houston, Texas) to continue STX Marine’s success in providing engineering servicesto clients worldwide
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the three month period ended March 31, 2013. First Quarter 2013 Highlights:
Specialist liability insurer for the international transport and logistics industry TT Club said it had another good performance for the year ended December 31, 2012, with further increased gross written premiums, and the club now maintains its A- (Excellent) rating for the past eight years.
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the quarter ended March 31, 2013. The Company’s Board of Directors also declared a quarterly dividend of $0.05 per share for the first quarter of 2013.
Wilson Sons Limited announced its results for the First Quarter (1Q13). Highlights The Company’s Net Income reached $19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports
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
Non-state company, Sino-Global, announces major decline in third quarter 2013 financial results, raises cash by share issue. Sino-Global is a non-state-owned provider of shipping agency services operating primarily in China. Financial highlights are as folllows:
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announces financial results for the first quarter ended 31 March 2013. Financial highlights: • Net profit of AED 241 million, up 17% year-on-year
Jaya Holdings Ltd. reported consolidated revenue of $24.8 million and net profit of $4.0 million for the financial quarter ending March 31, 2013. The group’s total revenue for the quarter under review was $24.8 million, 53% higher than the previous corresponding quarter
Intelsat S.A., a provider of satellite services, reported financial results for the three months ended March 31, 2013. Intelsat S.A. reported revenue of $655.1 million and a net loss of $7.8 million, or $0.09 per share, for the three months ended March 31, 2013
Odfjell published their first quarter 2013 results, reporting EBITDA of $27 million which they said reflects a slightly better chemical tanker market and higher terminal earnings. Time charter results up 8% compared to last quarter. Odfjell said the chemical tanker market improved slightly the
$1 Million Settlement Enhances Land and Sea in the Eastern District of Texas. BEAUMONT, Texas — U.S. Attorney John M. Bales announced a settlement reached with a European shipping corporation has resulted in significant enhancements to nature conservation groups in the Eastern