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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.


Schlumberger Releases 2014 Software Platforms

The 2014 platform releases deliver a new user experience for a productivity step change

  Schlumberger has released the 2014 versions of its industry leading software platforms. The Petrel* E&P software platform, Techlog* wellbore software platform, Studio* E&P knowledge environment and Ocean* software development framework enhance multidisciplinary integration, collaboration and productivity. “E&P investment decisions are increasingly driven by digital models that enable rich analysis of physical data through the application of workflows reflecting


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


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


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


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


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


$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


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.


John Deere Expands Tier 3 Engine Line

Image: John Deere Power Systems

John Deere Power Systems (JDPS) has introduced new propulsion ratings to its EPAMarine Tier 3 engine offerings. The new PowerTech 4045TFM85 propulsion ratings expand the John Deere Marine Tier 3 lineup with two ratings for continuous and heavy duty applications (M1 rating with 75 kW (100 hp) at 2


Falmouth CGOC Joins National Network

Falmouth Coastguard Operations Center (CGOC) will become part of the new Coastguard national network for the first time this week. Work has been carried out at the search and rescue coordination center at Pendennis Point, upgrading the technology and introducing new systems


Kenya Yet to Decide oil Refinery's Fate

Only Refinery

  Kenya is yet to decide whether to turn east Africa's only oil refinery into an oil storage facility or pay for its upgrade after buying the remaining 50 percent stake from India's Essar Energy, the energy minister said on Friday. Fuel distributors have long complained about the poor


Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import prices and make the east African trade hub less competitive. The government


HPA to Introduce New Port Railway IT System

  The Hamburg Port Authority (HPA) will implement the new Port Railway IT system, transPORT rail, in the night of 27 to 28 September 2014. To keep disruption on the tracks to a minimum, the switchover will take place overnight. The new system is another milestone in the HPA’s


New e-Navigation Technologies from Transas

Transas Marine introduced new software solutions for voyage planning and fleet management at SMM 2014 as a step towards becoming the forerunner in the development of e-Navigation technologies.  Among new launches is Transas Navi-Planner 4000 on a touch screen display


DNV GL: Beyond Condition Monitoring in the Maritime Industry

Photo: DNV GL

Moving from a regime of scheduled rule-based maintenance to a data-driven risk-based regime can lead to more accurate and timely maintenance resulting in increased safety, lower costs and greater availability of ship systems. A new report “Beyond condition monitoring in the maritime


MAN Diesel & Turbo Introduces New High-Speed Engine

With the MAN 12V175D, MAN Diesel & Turbo will be presenting the first cylinder version of its new high-speed engine family at this year's maritime trade fair SMM in Hamburg. The twelve-cylinder model, developed especially for use in the shipping industry


New Shipping Agency Enters the Market

Wave Shipping co founders Lars Rosenkrands (top) and Alvin Lo

Newly formed shipping agency Wave Shipping aims to bring change to current industry practice with its differentiated value proposition Founded by Lars Rosenkrands, CEO, and Alvin Lo, CFO, Wave Shipping was created with the vision to shake up the shipping agency industry through a fresh


MTN Extends Prestige Cruise SatCom Partnership

Cruise ships: Photo Regent Seven Seas

MTN Communications (MTN) says it has extended the companies' 12-year relationship and will be introducing new communications services to its three-ship Regent Seven Seas Cruises fleet and five-ship Oceania Cruises operation. In addition


LR Alert: Changes to the ISM Code

lloyds register.png

Amendments to the International Safety Management (ISM) Code will enter into force on 1 January, 2015, introducing new requirements for manning and company verification, and new references to related IMO guidance, as follows: Changes to manning requirements


Chevron Introduces New Line: Clarity Synthetic EA Oils

Chevron Products Company, a Chevron U.S.A. Inc. division, unveiled a new line of Clarity Synthetic EA Hydraulic and Gear Oils for the marine industry and other applications where leaks or accidental discharge are a concern. These products meet the new EPA Vessel General Permit (VGP) requirements


LR Alert: New SOLAS Requirements

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New SOLAS requirements for enclosed space entry and rescue drills, and draft requirements for portable atmosphere testing.   Because of the serious threat posed to people working in enclosed spaces on board ships, the IMO has introduced new requirements to SOLAS Chapter III, regulation 19


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


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






 
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