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RCL Profits Rise, Shares Fall

Royal Caribbean Cruises Ltd (RCCL), the world's number two cruise group, said on Thursday that profits rose 16 percent to a record in 2000 but predicted stiff competition in 2001. RCCL shares dipped 13.5 Norwegian crowns ($1.50) to 239.5 on the Oslo bourse after trading around 250 just before the results, which were slightly below analysts' forecasts. The group said earnings per share rose to $2.31 in 2000 from $2.06 in 1999, or net earnings of $445 million from $384 million. But fourth quarter earnings per share fell to $0.16 from $0.19 on net earnings of $38 million versus $30 million. Revenues for the fourth quarter were up to $642 million from $584 million. The EPS for the full year was just below expectations in a Barra survey of 20.87 Norwegian crowns ($2.32) for 2000. One analyst said revenues were also lower than forecast. "Our core products continue to perform well, allowing us to introduce new itineraries and develop new markets for future growth," said Richard D. Fain, chairman and CEO of Royal Caribbean Cruises Ltd.


Geest North Sea Line to Introduce New Ships

Geest North Sea Line will introduce two 804TEU vessels into service in the course of 2004. Wout Pronk, managing director of European shortsea and intermodal specialist Pronk made the announcement during his presentation "Getting closer to the customer", which he was delivering to delegates attending the Short Sea Europe seminar at Intermodal Transport & Logistics 2002 (ITL2002) in Rotterdam. The vessels will have more than twice the container capacity of those


Malta Drydocks Gets New Leader

Malta last Wednesday appointed the head of Malta Shipbuilding as chairman of Malta Drydocks, pointing to closer cooperation between the two loss-making firms. The Department of Information said former banker John Cassar White, chairman of Malta Shipbuilding for almost two years, would also head Malta Drydocks from February. He will take over from Noel Zarb Adami. The new Malta Drydocks board will include former central bank governor Emanuel Ellul


Telaurus Expands Technical Support Team

Communications LLC has appointed John Julian to the newly created position of Project Development Manager and Ewan Robinson as Technical Sales Support Manager. Both John and Ewan join the company direct from Easylink Services (UK) Ltd where they held similar positions, and were instrumental in supporting Easylink's STSW in ship-to-shore communication service. They join Telaurus as the Company moves into the next phase of its international growth


Royal Caribbean Names Godmother of Liberty of Seas

After a six month search, Royal Caribbean International today named travel agent Donnalea Madaley godmother of the cruise line’s newest ship, Liberty of the Seas, at Cruise Lines International Association’s Cruise3Sixty conference. Donnalea, of Ontario-based Marlin Travel, was selected from among nearly 2,500 nominations of exemplary women travel agents who have demonstrated dedication to philanthropy and service in their communities


Transas Marine Upgrades Training Complex

Transas Marine has upgraded training complex at the Nikola Vaptsarov Naval Academy (Varna, Bulgaria), including full mission bridge simulator upgrade to the latest Transas NTPRO 5000 software and new version of the GMDSS simulator TGS 5000. The Transas – Naval Academy partnership started in 2002 when Transas Marine supplied its Navigational, later Engine Room and GMDSS simulators to the Academy. In July 2012


Canada Maritime Introduces New Vessels

Two newbuildings being introduced into its transAtlantic services are the catalyst for a significant redeployment of tonnage in Canada Maritime's three different weekly services in the North America-Europe trade lane via the Montreal Gateway. The new ships, which, at 4100 teu nominal capacity, will be the largest to serve the St Lawrence River, are destined to enter Canada Maritime's Northern Service (Route 1) which links Montreal with Thamesport, Antwerp and Le Havre.


Sperry Marine Introduces New River Radars

Sperry Marine, a unit of Northrop Grumman Corporation, has unveiled a new generation of flat-screen river radars that provide significant savings in size and weight for installation in a small, crowded wheelhouse. The new MK6217/9 River Radar, which meets all Rhine River Radar specifications for European inland waterways, features a high-resolution color 18.1-in. TFT (spell out) flat panel display. Easily installed, the flat-screen display can be table-, bulkhead-, deckhead- or console-mounted


$1.8B Contract for Two Zumwalt-class DDG-1000 Destroyers

Maine shipyard workers guide one of four Ultra Units for DDG 1000, the lead ship of the Zumwalt-class of guided missile destroyers. Work on DDG 1000 is now over 50% complete.

The U. S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $1.8 billion contract for the construction of DDG 1001 and DDG 1002, the next two ships in the Zumwalt-class program.  DDG 1001 is scheduled to be delivered in December 2015 and DDG 1002 is scheduled to be delivered in February 2018.    "This contract enables us to maintain a strong base of quality shipbuilding jobs in Maine and continue our contributions to


Maersk to Adjust Capacity When Triple-E's Enter Service

CEO Søren Skou: Photo credit Maersk Line

Maersk Line intend to take measures to avoid a repetition of the ocean container shipping 'rate wars' of previous years. With a capacity of 18,000 20-foot containers, the Triple-E will be the largest container ship ever built. Maersk acknowledges that the introduction of the new vessels comes at a challenging time, with weak demand putting strains on all carriers. The Triple-E is built for the Asia-to-Europe (AE) service, Maersk Line’s most important trade lane


New Procedures for Guanabara Bay Olympic Sailing Event

Polluted Guanabara Bay the Venue of Summer Olympic Events

    Port Authorities at Rio de Janeiro are preparing to introduce new procedures for the upcoming Olympic Sailing event to be held in the south and east side of Guanabara Bay in July and August. Sailing teams from around the world will take part and the Brazilian Olympic


Record 19th World’s Best Award for Crystal Cruises

Female-server-line-up in Crystal Cruises vessel

  For an unprecedented 19th consecutive year–and with its highest score ever–Travel + Leisure readers have voted Crystal Cruises the “World’s Best” Large-Ship Cruise Line in the prestigious magazine’s 2014 annual survey


The Perfect Anchor for Paint

Blast with blow-off.jpg

Barge manufacturer doubles production and reduces paint waste with new blast line. When the 600th barge launch was celebrated at Brownsville Marine Products (BMP) just south of Pittsburgh in November 2012, it marked the company’s success at reviving a site with over 75 years of history


Yara Names Brandtzæg New CEO

The board of directors of Yara International today announced the appointment of Svein Richard Brandtzæg as the company's new President and Chief Executive Officer. He will succeed Jørgen Ole Haslestad by February 2015. Brandtzæg currently serves as President and CEO of Norsk


KR and Busan Port Ink Cooperative Agreement

kr logo.gif

The Korean Register of Shipping (KR) (an IACS member classification society) and the Busan Port Authority (BPA) (the fifth largest container port in the world) have signed a memorandum of understanding (MoU) to cooperate on environmental initiatives and other maritime activities.


Omega Debuts New Transmitters

Photo: Omega

Omega introduced new potentiometer input to DC transmitters with the launch of the DMD4008 series of transmitters accepts a resistance input from potentiometer, slidewire, linear position, displacement or rotational devices and provides an optically isolated DC voltage or current output that is


Navigator of the Seas Gets Texas-Sized Makeover

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Ship Features All-New WOWs, Including Royal Caribbean’s First-Ever Virtual Balconies, FlowRider Surf Simulator and New Dining Program.   Royal Caribbean International’s Navigator of the Seas is primed to resume year-round service from Galveston, Texas on February 5, 2014


Rand Acquires Tanker for Conversion

Rand Logistics, Inc. has announced the acquisition of a Danish flagged chemical tanker that will be converted to a Canadian flagged river class self-unloader vessel. The new vessel will support recent new long-term contract awards which begin in April 2015


MOL Group Introduces New Management Plan

Overall Strategies

Mitsui O.S.K. Lines, Ltd. (MOL) announced a new three-year midterm management plan that will take effect in April 2014, called "Steer for 2020". MOL Group has been carrying out all plans in single-year plan "Rise 2013" with goals of restoring profitability and laying a


UASC Introduces New Asia - Europe Network

UASC

  UASC has introduced its new Asia – Europe Network with three new services (AEC1, AEC3, AEC4), and two enhanced services (AEC8, AEC9). These services will broaden UASC’s market coverage providing direct services to additional Asian and North European ports whereby UASC will


NY-BEST & DNV GL Jointly Open Service Center

NY-BEST & DNV GL Center

  The New York Battery and Energy Storage Technology Consortium (NY-BEST) and DNV GL (formerly DNV KEMA) today announced the opening of the new state-of-the-art Battery and Energy Storage Technology (BEST) Testing and Commercialization Center in Rochester, New York


DNV GL’s Carlsen Wins OTC Achievement Award

Dr. Carl Arne Carlsen

The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry, and is presented at the Annual OTC Dinner Sunday, May 4. Carl Arne Carlsen’s career highlights coincide with major developments in the


John Deere Introduces New Auxiliary Engines

PowerTech 6.8L_Auxiliary Engine (Photo: John Deere)

John Deere Power Systems (JDPS) has introduced a full line of radiator-cooled, dry-exhaust-manifold PowerTech auxiliary engines suited for powering a variety of deck auxiliaries including pumps, winches, cranes, hydraulics and generators.


ShipConstructor Update Responds to New Needs

ShipConstructor 2014 R2.1

ShipConstructor 2014 R2.1, released from SSI, has been specifically designed to rapidly respond to emerging trends in ship design and engineering as identified by SSI's new Client Council program, the company said. Client Council Program


Legislation Aims to Boost US Infrastructure Investment

Daniel Webster

Representative Daniel Webster (Fla.-10) issued the following statement after introducing new transportation legislation, H.R. 4925, the TIFIA 2.0 Act: “America’s transportation and infrastructure system is the backbone of our economy and is a critical element for growth and job






 
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