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 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 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
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.
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
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
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
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
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
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
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
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 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
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
The Switch, a Finnish manufacturer of permanent magnet motors, generators and converters, announced the launch of its next-generation drive trains for energy efficient power generation and propulsion of merchant vessels. Combining The Switch’s permanent magnet and frequency converter
Newly-established offshore shipping company Nordic American Offshore (NAO) has agreed to acquire six platform supply vessels from Blue Ship Invest ( BSI ). The vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13
Barclays has supported CLS Offshore Limited with a £2 million loan through the Funding for Lending Scheme to purchase their unique quayside fabrication facilities and business premises at Gorleston, Great Yarmouth. In addition to the aforementioned loan
Global coatings supplier Hempel has launched HEMPAGUARD, a new hull coating concept for the shipping industry, which Hempel said offers both outstanding resistance to fouling during idle periods and significant fuel savings. The technology, dubbed ActiGuard
A new training program has been launched by Maersk Training that aims to minimize incidents through human error in marine environments. The course is designed to help offshore workers understand the impact of the human error in marine incidents
WESMAR (Western Marine Electronics) announced today they will introduce two new trawl systems and five new sled options at Pacific Marine Expo in Seattle November 20-22 at Century Link Field Event Center. The TCS785 and TCS 385 trawl systems, with sled options
Brunswick Commercial and Government Products recently introduced a new full cabin version of its popular 1200 Impact RHIB. Just shy of 40” in length with a 10'8" beam, the 1200 features a deep-V fiberglass hull for superior offshore performance and a commercial grade inflatable
Northrop Grumman Corporation is introducing the VisionMaster FT Electronic Chart Display and Information System-E (ECDIS-E), a new cost-effective navigation solution for commercial tankers, container ships, bulk carries and passenger ferries including retrofit installations.
At the recent User Conference, INTERSCHALT's IS Seacos Asia introduced new Fleet Operation Center (FOC) software in which information and trends from ship telemetry are displayed - similar to the way NASA centrally monitors its satellites and aerospace equipment on digital projection screens.
e-Navigation aims to harmonize navigation systems and ultimately make the mariners’ job easier, but its implementation will necessitate extensive changes to maritime training. Dr. Michael Baldauf of the World Maritime University, discusses the reasons for change, progress made so far
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.