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
Strachans, a specialist distributor of food and chandlery supplies to the offshore and marine industry, announced the pilot of a new container capable of maintaining product integrity for up to four days. The Strachans icebox uses a eutectic system
The following statement has been issued by Rear Admiral John Kirby, Navy Chief of Information: "Today we provided Congress information tables from our draft 30-year shipbuilding plan. We believe the information found in these tables clearly articulates our intention to modernize and grow
Triyards Holdings now able to design & build its own proprietary drilling jack-up rigs and self-elevating units (SEUs). The new design is for the Premium Class 400 HPHT (High Pressure, High Temperature) drilling jack-up rig, the TDU-400.
The 27th new Tamar class lifeboat was handed over to the Royal National Lifeboat Institution (RNLI) by Babcock , marking the last lifeboat to be built for the charity by Babcock under the existing contract. The 16-meter Tamar class slipway-launched lifeboat
The Canadian Ferry Operators Association (CFOA) announce its team to lead the organization into 2013. CFOA is a member-based organization representing Canadian ferry owners and operators across the country. Ferries are an integral part of Canadas transportation system
The Netherlands luxury yachtbuilder, Heesen Yachts, presents a new 58m superyacht in collaboration with Italian designer Francesco Paszkowsk. The relationship between Heesen Yachts and this Italian designer dates back to the Nineties with the creation of the exterior lines of the splendid 35
Having sat in this chair for more than two decades, I must admit that I have become somewhat jaded in the sense that there are few developments which actually give me cause to pause. Of course there are the spectacular casualties that will never cease to amaze
New deepwater AHTS offers over 200 t Bollard Pull and an extended winch package. Damen Shipyards Group introduces its newly designed Damen AHTS 200, a versatile deepwater Anchor Handling Tug Supplier able to operate in water depths in excess of 3,000 m
MTN Expands Ferry Business by Securing Contract with Largest South American Ferry Operator; Buquebus Chooses MTN for its Value, Innovation, and Commitment to Service Excellence. MTN Satellite Communications (MTN) announces a new contract with Buquebus
Last month, Yanmar Europe BV introduced its new Joystick Control System at the boot Düsseldorf 2013 show. This was the first introduction and demonstration to the European Powerboat market. Compared to other vessel control systems
Ocean Business 2013 at the National Oceanography Centre in Southampton will welcome 300+ worldwide companies to its upcomeng show. One of the most exciting elements of the show is that visitors can actually see equipment in action and ‘test-drive’ products before they purchase
Introducing the ASD Tug 2913 – compact, powerful and ideal for busy ports. Damen Shipyards Group is launching a new vessel type in its ASD Tug series. The ASD Tug 2913 has been designed primarily as a highly manoeuvrable, powerful tug
The Office of Naval Research (ONR) selected MECO to construct a new prototype advanced desalination system. This is the second time that ONR has turned to MECO, a producer of water purification plants, to provide a highly reliable and energy efficient solution.
Leading independent offshore survey company UTEC has announced the appointment of a new Vice President of Measurement Technology at its Houston HQ. Mark Klusza – who holds a Bachelor in Design in Architecture from the University of Florida – brings to the role more than 20 years of
KVH's new maritime terminal features integrated CommBox Modem with built-in network management functionality. As part of its commitment to bringing reliable, fast, affordable broadband connections to mariners, KVH Industries, Inc. has introduced the TracPhone® V3-IP terminal for its mini-VSAT