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.
Expansion will introduce new style of river cruising in the United States. American Cruise Lines announced today its plans for the construction of a new fleet of modern riverboats, which will add a new dimension to river cruising in the United States, and a wide selection of new river itineraries throughout the country. The concept for the new riverboats will differ from that of the line’s existing paddlewheelers and coastal ships by offering a more contemporary approach to their
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
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 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
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
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
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 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
The International Maritime Organization (IMO) has introduced new requirements for the fire protection of on-deck cargo areas. The new requirements, which will be added to SOLAS regulation II-2/10, apply to all ships designed to carry containers that are constructed on or after January 1, 2016.
American Eagle is Second Riverboat for American Cruise Lines in New Orleans Guilford, CT-based American Cruise Lines will introduce its second riverboat to be home-ported in New Orleans. The two new riverboats are the first new ships built specially for the Mississippi River in 20 years
The Maritime and Port Authority of Singapore (MPA) will inject another S$65 million (US$46.8 million) into the Maritime Cluster Fund-Manpower Development program (MCF-MD) to attract and groom local talent for the maritime sector.
The maiden voyage of Crowley Liner Services’ new flat-deck barge will end on Monday when the barge is scheduled to arrive in San Juan with a full 400-load delivery. The vessel’s deployment is a major part of Crowley’s rapid response to the sudden departure of Horizon
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
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
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
Schlumberger announced today the release of Invizion Evaluation* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data. “One key component in achieving zonal isolation is cementing, which can impact productivity
Wärtsilä and Diesel United Ltd in Japan have signed a ten-year renewal of their co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine engines. Diesel United is a long-standing member of the Wärtsilä family of low-speed
A different kind of emission in the compliance spotlight – above and below decks. The International Maritime Organization (IMO) Sub-Committee on Ship Design and Equipment during its 2012, 56th session submitted a draft revised code on noise levels onboard ships
Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development of our nation’s conventional and renewable energy and marine mineral resources on the Outer Continental Shelf.
GAC Norway AS has been added to the 2014 Gaselle List, a nationally-recognised catalogue of Norwegian businesses that have proven sound finances and sustained growth over a number of years. Introduced by the newspaper Dagens Naeringsliv, the List features companies that have demonstrated steady
Statoil has today, 7 January, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and warehouse services as well as storage and
For Russian Maritime Register of Shipping (RS), 2014 marked the 101st year of its activities. The classification society said 2014 also marked a landmark year, as the construction of the world's first Arctic LNG carrier began to RS class. The new 300-meter-long ship carrying liquefied natural gas
Volvo Penta introduced the first two models of its next-generation sterndrive marine gasoline engines. The new 4.3-liter catalyzed V6 engines, rated at 200 and 240 hp, will supplement Volvo Penta’s current V6 product line. Volvo Penta will roll out the complete new family of next-generation