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
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 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
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
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
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 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
One of the first commercial applications of MAN Diesel & Turbo’s new MAN Alpha Kappel FP propeller took place off the coast of China recently when the vessel Elsabeth C, a 58,500-dwt Supramax bulk carrier owned by Frontmarine Co. Ltd – an affiliated and managed company of
Kohler Power Systems, manufacturer of diesel and gasoline marine generators for a range of pleasure and commercial craft applications, is introducing new 175 kW (50 Hz) and 200 kW (60 Hz) models to its growing lineup of EPA Marine Tier 3-compliant diesel generators.
Many pieces of rotating equipment are operating below optimum capacity, affecting production costs, revenues and resulting in unexpected down time. DNV GL has been working together with operators to help unlock the potential of their existing rotating equipment.
Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va. “Volvo Penta has a rich history of innovation in marine propulsion
Suited for a range of recreational boaters and commercial vessels across the world, the new AISLink CB1 Class B transceiver is introduced by survival gear specialist ACR Electronics, a Drew Marine Company. ACR’s easy-to-use and reliable Class B Automatic Identification System (AIS)
New study finds shifting winds and ocean currents helped double endangered Galapagos Penguin population Shifts in trade winds and ocean currents powered a resurgence of endangered Galapagos Penguins over the past 30 years, according to a new study led by researchers at the Woods Hole
Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common
Tideland Signal Corporation (Tideland) introduced a number of new innovative aids to navigation (AtoN) products at Seawork 2015, including SB-1800, the newest member to our popular high performance and low maintenance polyethylene buoy product line and our new SolaMax range of self-contained
Kestrel Liner Agencies, a pre-eminent ocean freight provider serving the Caribbean, has started offering capacity on the Haven Platform. Haven, the private marketplace for buying and selling ocean freight capacity. The new partnership offers shippers a growing selection of port pairs.
The advent of broadband at sea continues to expand, as German cruis brand AIDA introduces a flat-fee for social media networks onboard its ships. AIDA Cruises is introducing an Internet flat fee for social media networks on board its ships
Deltamarin launched its new ro-pax vessel DeltaChallenger concept during the Nor-Shipping 2015 exhibition in Oslo. The design incorporates the latest technologies available, many of which are not yet used on any other ro-pax vessel, Deltamarin said.
Dredge Yard announced it has partnered with Netherlands-based Neptune Shipyards to develop the new cutter suction dredger, EURO DREDGER 450. Iulia Berchiu, Dredge Yard’s Marketing Manager, said, “The dismountable EURO DREDGER 450 is one of their first projects that started in March
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
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
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.