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
Schaffner EMC introduces new literature detailing the company’s ECOsin Active harmonic filters with Germanischer Lloyd approval. This proven technology injects corrective current to immediately compensate harmonics, phase-shift and load-imbalance
APL introduced a new weekly service aimed to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.S. East Coast, is operated through a vessel sharing agreement with SeaLand.
A new intermodal service for the Tri-State area offers a transportation alternative linking New York City, New Jersey and Connecticut with Long Island. The new service, launched in partnership between Seastreak, the Bridgeport–Port Jefferson Ferry and Hampton Jitney
Torqeedo now offers a shaft drive version of its 40 and 80 horsepower Deep Blue motor. An electric drive designed for marine use from the ground up, the Deep Blue inboard shares the safety, power and performance of the original outboard system, also featuring a quiet, low-maintenance
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
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
FPSO upgrade marks major step for Damen Shiprepair & Conversion as a full service conversion group After four months of preliminary work alongside, FPSO Petrojarl I moved on April 16, 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull
In a anticipation of the growing need for deck officers and masters experienced in operating in ice covered waters and as evidenced by the relatively rapid increase in vessel traffic in areas of the Arctic Ocean due to the receding ice coverage
Vessel introduction on track for fourth quarter of 2015 Rand Logistics, Inc. announced the launch of its new vessel forebody. The new forebody, built by Chengxi Shipyard Co., will be affixed to the aft section of the company's recently acquired Danish-flagged vessel and is set to become
On April 20, Damen gave a sneak preview of its newly designed second generation offshore patrol vessels (OPVs) during the annual OPVs & Corvettes Asia Pacific conference in Singapore. Damen’s Design & Proposal Manager Piet van Rooij explained how this new OPV has been
Thuraya Telecommunications Company today launched the industry's most advanced satellite phone, the Thuraya XT-PRO. Targeted at professional users across a range of market sectors including government, energy, media and NGOs, the Thuraya XT-PRO is the only satellite phone to feature