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Interim Management

Rolls Royce Give Interim Management Statement

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.


Braemar Announces Unaudited Half-Year Results

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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)


Measures Announced to Prevent Environmental Damage from Harmful Aquatic Plants and Animals

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


POLB Appoint Al Moro Interim Executive Director

Al Moro: Photo credit Port of Long Beach Commissioners

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


Wärtsilä's Ballast Water System Earns USCG AMS Acceptance

Photo: Wärtsilä

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.


Capacci Named Washington Ferries Chief

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.


Sealift Command Charters Cruise Ships to House Evacuees

WASHINGTON – Along with thousands of active-duty and National Guard troops, several commercial passenger ships are also reporting to duty to support hurricane-relief efforts along the Gulf Coast, U.S. Northern Command officials announced. The ships, contracted by the Navy's Military Sealift Command, are part of the Federal Emergency Management Agency's massive response to provide relief for displaced victims, officials said.


FS Nivôse Saves Nordneptun from Pirates

Photo courtesy EU NAVFOR

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


UPDATE: OMB Declares USCG BWT Standard as "Final"

Draft USCG ballast water rule now finalized, according to OMB.   The Office of Management and Budget (OMB) completed its review of the Coast Guard's Ballast Water Discharge Standard regulations in accordance with Executive Order 12866, and changed its designation from an Interim Final Rule to a Final Rule on February 24, 2012. The Coast Guard is preparing it for publication in the Federal Register, and expects to complete the administrative process within 30 days.  


Concordia Maritime Release Interim Report

Stena Supreme

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


Shiptec China 2014 Taking Shape

In just under seven months’ time, marine professionals from China and around the world will gather for the opening of Shiptec China 2014 at the Dalian World Expo Center. Taking place October 21-24, it is the 11th holding of this increasingly important event


Iran's Oil Exports Surge above Sanctions

Iran's crude oil exports have surged to their highest in 20 months, far exceeding a 1 million barrel-per-day limit set by the West under an interim deal on curbing Tehran's nuclear program. The International Energy Agency's monthly report revised February's global crude imports from Iran


Harley Marine NY Welcomes New Vessel

Harley Marine NY, a subsidiary of Harley Marine Services, took delivery of the river style push-boat, HMS Justice, from Conrad Shipyard of Morgan City, Louisiana. HMS Justice is the fifth vessel in this class and joins the New York fleet of two tugboats and four double hull petroleum barges


ClassNK Releases EEDI Verification Software – Free

File photo CCL

Japanese classification society ClassNK says it offers its Minimum Propulsion Power Calculation Software and ISO-based Progressive Speed Trial Analysis Software free of charge to the shipping Industry ClassNK has released its new PrimeShip-GREEN/MinPower software


MOL Responds to Containership Safety Report

MOL Comfort: Photo courtesy of PTI

Mitsui O.S.K. Lines, Ltd. (MOL) responded to the interim report of the Committee on Large Container Ship Safety related to the incident on June 17, 2013, involving the MOL-operated MOL Comfort, which hull broke in half. The committee was established by Japan’s Ministry of Land, Infrastructure


Temporary Easing of Iran Sanctions in Effect Jan. 20, 2014

The accord reached between Iran and the five permanent members of the United Nations Security Council (the United States, China, Russia, Great Britain and France) and Germany (the P5+1) in November 2013, becomes effective Jan. 20, 2014, for a six-month interim period


Neumann Named CEO and President of Starboard

Beth Neumann

Beth G. Neumann has joined Starboard Cruise Services as CEO and President, reporting to Starboard Chairman, Ed Brennan. Owned by renowned world leader in luxury, LVMH Moët Hennessy Louis Vuitton, Starboard is the largest and leading onboard retailer in the cruise industry


Heidmar Names van der Zijde CEO

The Board of Directors of Heidmar has announced the appointment of Hans van der Zijde as Heidmar's new Chief Executive Officer. Mr. van der Zijde graduated from the Nautical Academy of Rotterdam in 1985 and subsequently studied Maritime and Logistic Management there, graduating in 1992.


Clarksons Chairman to Step Down

Philip Green: Photo courtesy of Clarksons

Clarksons say that Philip Green has decided to step down as chairman of Clarksons in order to focus on his other responsibilities. His resignation from the board will take effect from the AGM on 9 May. Bob Benton, chairman until last year, will remain a non- executive board member and assume the


India Essar's Oil Imports from Iran Jump Sharply

By Nidhi Verma, Reuters Essar Oil, a key buyer of Iranian oil, in January sharply raised imports from the Islamic state and also became the first Indian refiner to ship in the Brazilian heavy grade Polvo, tanker arrival data showed. India's oil imports from Iran more than doubled in January


AdvanFort Begins Internal Restructuring

Private maritime security provider AdvanFort announced that it will commence a restructuring program to implement rigid quality control for its PCASPs, meant to ensure that the company complies fully with all regulations in the maritime security industry.


Antoniazzi Named Sales Director, MAN Diesel & Turbo

David Antoniazzi (Photo: MAN Diesel & Turbo)

MAN Diesel & Turbo North America President, Robert Burger has appointed David Antoniazzi as Director Sales – Cruise, Ferry and Merchant. In his new capacity, he is responsible for promoting and selling MAN Medium Speed Engines and aft ship products in North America.


Eleven Models Now Available from JCB

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Mermaid Marine has increased its range of JCB Dieselmax marine diesel engines. The company, based in Poole, now has eleven models available in the JCB TCAE range ranging from 55kW / 74hp to 120kW / 160hp suitable for a large variety of applications


Moore Director Declines Permanent Position at Port of L.A.

Photo: The Port of Los Angeles

Interim Port of Los Angeles Executive Director Gary Lee Moore announced today that he will not apply for the permanent position. After an executive director is selected and in place, Moore will return to his duties as Los Angeles City Engineer.


Stolt-Nielsen Changes Accounting for Two Acquisitions

Stolt-Nielsen Limited announced that Finanstilsynet (The Financial Supervisory Authority of Norway) has completed a review of certain aspects of the company's consolidated financial statements for 2012. The company agreed to reverse $12.3 million of the non-cash gains on bargain purchase


 
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