Rolls Royce say that current trading is consistent with guidance contained in last annual report Trading since the start of the year is consistent with the guidance provided in our Full Year Report in February. For the full year, the Group continues to expect good growth in underlying revenue and underlying profit with cash flow around breakeven as we continue to invest in future growth. Guidance excludes the impact of the Tognum acquisition and the proposed sale of the Group’s 32.5% shareholding in International Aero Engines (IAE). The Group’s balance sheet remains strong. Recognising this, Standard & Poor’s Ratings Services has raised its long and short term corporate credit ratings to ‘A/A-1’ from ‘A-/A-2’, with a stable outlook. Since announcing preliminary results in February, Rolls-Royce has achieved some important milestones. The Trent XWB engine took to the skies for the first time, on board an Airbus A380 flying test bed. In Singapore, we opened our new manufacturing and training facilities that will produce wide chord fan blades and assemble and test large commercial jet engines. Rolls-Royce continues to invest across the Group in technology, capability and facilities to deliver on our current commitments, to improve productivity and to create opportunities for future growth.
Unaudited interim results for the six months ended 31 August 2011. Braemar Shipping Services plc (“Braemar” or the “Group”), an international provider of shipping and marine services, today announces unaudited half-year results for the six months ended 31 August 2011. FINANCIAL HIGHLIGHTS • Revenue from continuing operations £61.5m (interim 2010/11: £67.6m) • Pre-tax profit £5.0m (interim 2010/11: £7.2m)
The USCG announced measures to prevent environmental and health problems resulting from harmful aquatic plants and animals carried from abroad in ships' ballast water, a move reflecting the Department of Transportation's commitment to controlling and preventing the introduction of these species. A new interim rule, effective July 1, requires ships operating outside of U.S. waters to report their ballast water management practices
The Long Beach Board of Harbor Commissioners appoint chief harbor engineer Al Moro as the Port of Long Beach’s interim executive director. Moro, who joined the Port in 1997 as a civil engineer, currently oversees all administrative and technical activities for the Port’s engineering programs, including nearly $4 billion in capital improvement projects. “The Board is extremely pleased that we have unanimously selected Al Moro as our interim executive director
State Transportation Secretary Lynn Peterson today named Capt. George A. Capacci interim assistant secretary in charge of the Ferries Division for the Washington State Department of Transportation. Capacci will lead the ferry system until a permanent assistant secretary is selected. WSDOT will conduct a nationwide search to find the best replacement for outgoing Assistant Secretary David Moseley who resigned effective April 15.
Wärtsilä has been granted Alternate Management System (AMS) acceptance for its AQUARIUS UV Ballast Water Management System (BWMS) by the United States Coastguard (USCG). This allows all U.S. and foreign flag ships fitted with the Wärtsilä AQUARIUS UV BWMS to operate in U.S. territorial waters and to discharge its treated ballast water for an interim period of up to five years from the ship specific implementation date.
In accordance with the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act, Concordia Maritime published its interim report for 2013. Highlights are as follows: Interim Report 1 January – 30 June 2013 •Positive view of the product tanker market continues •Weaker market in Q2, but six-month total better than 2012 •Seven out of ten P-MAX tankers on the open market Six months 2013 •Total income, SEK 246.7 million
The State University of New York Maritime College will hold its May Commencement Ceremony on Friday, May 9, 2014 at 11 a.m., in the St. Mary’s Pentagon, Fort Schuyler, on the SUNY Maritime campus. Dr. Michael A. Cappeto, Interim President of the Maritime College, will preside over the Commencement. Approximately 220 students are expected to receive degrees during the ceremonies. John J. Ferriola, Chairman, CEO, and President of NUCOR Corporation
Morten Nystad will step down as senior vice president of Odfjell Tankers after 35 years with the company. His departure is effective immediately. Nystad has held various management positions during his tenure at Odfjell, serving within the company’s chartering department in Bergen and other locations. Nystad’s exit follows the departure of president and CEO Jan A. Hammer in December 2014 “due to different views on the strategic direction for the
A helicopter from the EU NAVFOR warship FS Nivôse was launched against a pirate skiff leading to the disruption of a pirate attack against the merchant vessel Nordneptun off Zanzibar, Tanzania on the morning of 25 May. EU NAVFOR continues to successfully patrol, intercept and disrupt pirate attacks throughout the EU NAVFOR area of operations. The French EU NAVFOR warship Nivôse responded immediately to a distress signal from Nordneptune, a tanker
International classification society RINA Services has launched a new Competence Management System certification which it says helps ship owners and managers to raise the skill levels of their crews and shore staff above the basic statutory requirements
Murilo Ferreira quit as chairman of Brazil's Petroleo Brasileiro SA, the state-controlled oil company said on Monday, without disclosing the reason for his decision. Ferreira had been on a leave of absence since Sept. 14, and Nelson Carvalho replaced him on an interim basis
Project Resolve is the conversion of the container vessel M.V. Asterix to an Auxiliary Oiler Replenishment (AOR) ship to support the Royal Canadian Navy’s (RCN) interim supply ship capability requirements. Providing support to Project Resolve will be Lloyd’s Register’s (LR)
Global engineering, technical and business services organisation, Lloyd’s Register (LR), has announced the appointment of Mary Waldner as Group CFO. Mary is currently Group Finance Director at FTSE 250 listed defence, security, transport and energy company Ultra Electronics and
Seaspan Corporation announced that Sai Chu, Chief Financial Officer, has informed of his resignation and retirement from Seaspan effective November 6, 2015, after more than 10 years' of service with Seaspan and related entities. Gerry Wang, Chief Executive Officer
Crowley formalizes new GlobalShip Management and Government Services groups; Golonka and MacDonald assume new vice presidential roles Crowley Maritime Corp. has formalized two new groups, Government Services and Global Ship Management
The German lender Commerzbank is making money in tough market as it sheds another $1.2bn of ship loans. For the first time ever, Commerzbank's shipping portfolio stands at less than EUR 10 billion, according to the third quarter interim report
Bibby Ship Management welcomed Sanjiv Wagh as Deputy Managing Director of its India offices. With over 30 year’s industry experience, Mr Wagh joins Bibby Ship Management from Kongsberg where he was General Sales Manager for Kongsberg Maritime India
World Shipowners’ Association (WSA) has appointed Nigeria-born Forbes billionaire and President of Slok Group, Orji Uzor Kalu as interim president of the body. Kalu, an eminent businessman and former governor of Abia State will occupy the position pending the election of
Carsten J. Reinhardt, President and CEO of Voith Turbo and member of the Corporate Management Board of Voith GmbH, has resigned Tuesday in order to pursue other interests, the company announced. Dr. Uwe Knotzer will become the new Chairman of the Board of Management of Voith Turbo GmbH & Co
Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its management team across its global offices. According to Nicola Quayle, Head of Group HR, at Bibby Ship Management
Foss Maritime has opened a new office and the formed a project management group aiming to support its customer base headquartered in Houston. John Tirpak of Foss has been appointed Vice President of Business Development & Contract Services and will be relocating to Houston to develop
Australia’s newest military capability, the Amphibious Ready Element, has demonstrated its capacity in waters off the North Queensland coast during the Sea Series of exercises. Conducted by the Brisbane-based Deployable Joint Force Headquarters
Bernhard Schulte Shipmanagement (BSM) announced that it will take over full management of six containerships on behalf of Maersk Line A/S. Presently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 TEU. Over the next five years
Dr. Shashi N. Kumar, Academic Dean at the U.S. Merchant Marine Academy (USMMA), has accepted a position to serve as Deputy Associate Administrator and National Coordinator for Maritime Education and Training at the headquarters of the Maritime Administration (MARAD).