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
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.
The Alaska Small Passenger Vessel Task Force (ASPV) has issued an interim report concerning safety issues for small passenger vessels operating in remote Alaskan areas. Seventeenth USCG District Commander, Rear Adm. Thomas J. Barrett, chartered the ASPV in July as a result of recent accidents involving small cruise vessels. Adm. Barrett also asked the ASPV to find ways to minimize the risk of future incidents and improve response to accidents.
The U.S. Coast Guard issued a Policy Letter providing interim guidance regarding voluntary compliance with MARPOL Annex VI by U.S. vessels. Annex VI outlines international requirements for vessel air emissions and air pollution prevention measures for vessels. The Annex enters into force on 19 May. The U.S. has not yet ratified Annex VI. Regardless, the Annex will apply to commercial vessels of 400 gross tons ITC engaged in international voyages. Eligible and qualified U.S
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.
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
The U.S. Department of Homeland Security confirmed on Jan. 26 that it will not extend the effective date for new information requirements on maritime cargo destined for the United States. The Importer Security Filing and Additional Carrier Requirements interim final rule went into effect January 26 and requires maritime cargo carriers and importers to submit additional data to U.S. Customs and Border Protection before vessels are permitted entry into the country.
The Offshore Marine Service Association (OMSA) announced the appointment of James Adams as interim President and Chief Executive Officer. Adams’ appointment followed the resignation of Ken Wells, who has led OMSA since 2004. Wells left the organization in order to pursue other opportunities. Otto Candies, III, the chairman of OMSA’s board of directors stated, “We are sorry to see Ken go as he has served our organization and members energetically for six years
At a meeting of the Mitsubishi Heavy Industries, Ltd. (MHI) Board of Directors held, a resolution was made to submit a proposal concerning distribution of dividends from retained earnings to shareholders of record as of March 31, 2013, to the 88th Ordinary General Meeting of Shareholders scheduled
Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling. With an increase in profit to USD 146 million in the first quarter of 2013 from USD 123 million in first quarter of 2012, Maersk Drilling has come off to a good start in 2013
Steamship Mutual released interim financial results for the year ending February 20, 2013. As with all international group clubs, underwriting performance for the year ended February 20, 2013 was adversely affected by the worst pool experience on record
David Matsuda, the U.S. Maritime Administrator, announced that he is stepping down. In a statement released by Marad spokesperson Kim Strong, Matsuda's career highlights and accomplishments were also listed. The statement reads as follows:
DNV has completely rewritten the standard for Offshore Service Modules certification, commonly referred to as DNV 2.7-2, which was first published in 1995. On June 11, 2013, DNV will roll this out to an industry seminar taking place at the Aberdeen Exhibition and Conference Center
IMO's Maritime Safety Committee has adopted an earlier recommendation that ships display 3 all-round green lights when crossing the Singapore Strait Traffic Separation Scheme (TSS). The night signals identify these vessels crossing the TSS during hours of darkness which will allow other vessels
Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, said it has named W&O Supply as its exclusive sales distributor in the U.S. and Canada for Hyde Guardian Ballast Water Treatment Systems (BWTS). The chemical free Hyde Guardian BWTS uses efficient filtration and
International Mine Countermeasures Exercise (IMCMEX) 13 sees a gathering of 35 ships, 18 Unmanned Underwater Vehicles (UUVs) & over 100 explosive ordinance disposal (EOD) divers. Representatives from 41 nations are assembled in Bahrain to prepare for International Mine Countermeasures
Port of Los Angeles Executive Director Geraldine Knatz, Ph.D., has been honored by the University of Southern California Alumni Association with the prestigious Alumni Merit Award. Knatz earned a Master of Science degree in environmental engineering and a doctorate in biological science from USC
Business activity at Port Canaveral generated $2 billion and 17,000 jobs for the local community in 2012, up 73% in business revenue since the last economic impact analysis three years ago. Leading industry consulting firm Martin Associates of Lancaster, Pa
Calgon Carbon Corporation announced that its Hyde Guardian Ballast Water Treatment System (BWTS), developed and manufactured by its wholly owned subsidiary, Hyde Marine, Inc., became one of the first BWTS to earn Alternate Management System (AMS) approval from the United States Coast Guard (USCG)
Structured and analytical risk management have direct effects on a company’s ability to build a competitive advantage. To support organizations with one complete solution for managing operational, project and enterprise risk DNV Software has now incorporated the risk management tool
Drydocks World, a shipyard in the Middle East engaged in ship repair, conversion, new building and offshore construction, hosted a delegation from the Government of Jamaica led by The Hon. G. Anthony Hylton, Minister of Industry, Investment and Commerce.
The United Kingdom Hydrographic Office (UKHO) confirms Moncrief in the post held on an interim basis since October 2011. The government as sole owner of the UKHO, ran an open, external and national competition for the Chief Executive role. This was a rigorous recruitment process with a panel
International Bunker Industry Association (IBIA) chief Cliff Brand resigns to become Marine Director, King Abdullah Economic City Seaport. International Bunker Industry Association has announced that it is searching for a new chief executive following the resignation of its Chief Executive