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Reports Record

New Cruise Ship to Ply Yangtze River

According to a report on www.chinadaily.com.cn, a new cruise ship will soon set sail to the Yangtze River's Three Gorges Dam. The "Yangtze River No. 2," a 139-m, six-storey cruise ship, will embark on its maiden voyage from the southwestern Chongqing Municipality to the Three Gorges Dam in Hubei's Yichang City on August 29, www.chinadaily.com.cn reported, citing an official of Changjiang (Yangtze) Cruise Overseas Travel Co., the operator of the ship. Yangtze River No. 2, the third luxury cruise ship to set sail this year, is dubbed the largest river cruise ship. It can accommodate up to 452 people and has a swimming pool, a theater as well as luxury suites equivalent to a five-star hotel. Last year, a reported record of 310,000 people toured the Yangtze on luxury cruise ships, with projections of 450,000 to set sail this year. (Source: www.chinadaily.com.cn)


Royal Caribbean Sees Record Revenues

Royal Caribbean Cruises Ltd. announced a net loss for the fourth quarter of 2005 of $3.6 million, or $0.02 per share, compared to a net loss of $25.8 million, or $0.13 per share, for the fourth quarter of 2004. Revenues for the fourth quarter of 2005 increased 6.7% to $1 billion from revenues of $964.6 million in the fourth quarter of 2004. Gross Yields and Net Yields for the fourth quarter of 2005 increased 6.1% and 8.2%, respectively, from the fourth quarter of 2004


BV Reports Record-Breaking Year

International classification society Bureau Veritas reported arecord-breaking year, with a sustained growth of fifteen percent in net sales to the end of June, 2006. Speaking at the tenth annual Bureau Veritas Beaujolais Nouveau reception at Trinity House in London on November 16, BV marine division managing director Bernard Anne said, “Our group is doubling in size every five years, and I am confident we will reach over $2.2b in turnover by the end of the year.


NOL Reports $208m Year-On-Year Improvement

Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 million Global container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million, a 75% improvement in the key profitability measure from a year ago. The Group posted a full year net loss of US$419 million, mainly due to a first quarter net loss (before non-recurring items) of US$255 million and one-time charges of


Manitowoc Reports Fourth-Quarter and Full-Year Results

The Manitowoc Company, Inc. has reported record sales, cash from operations, and net debt reduction for the full year 2003. For the fourth quarter, the company reported net sales of $395.9 million, increasing from $386.0 million during the same period last year. Including special charges, the company reported a net loss of $5.5 million, or $0.21 per diluted share for the quarter, compared with a net loss of $25.1 million, or $0.94 per diluted share, in


Port of Le Havre Reports Record Year for Containers

A strong flow of container traffic at the Port of Le Havre in 2002 was responsible for a new record of 20 million metric tons (MT) in the category of general cargo for both import and export, an increase of more than 2 MT from 2001, according to the preliminary results for 2002 released by the port authority. Container tonnage increased to 16.8 MT, up 15.1 percent from 2001. Le Havre handled 1.72 million TEUs (twenty-foot equivalent units) in 2002 – nearly 200


Jotun Reports Record Year

The Jotun Group will probably match last year's record results. At the end of the first 8 months of the year the Group's operating income totalled NOK NOK 4 619 million. Not only was this NOK 359 million up on the same period last year, but the operating income is equal to last year, despite unfavourable exchange rate developments and the continuing high price of raw materials. The performance is in line with last year, which was the best year ever


Overseas Shipholding Group Reports Record First Half Results

Overseas Shipholding Group, Inc. reported $86 million of net income for the first six months of 2003, the highest earnings during the first six months of any year in the Company's history. Net income for the quarter ended June 30, 2003 was $41,840,000, or $1.21 per share, compared with net income of $3,670,000, or $0.11 per share, in the second quarter of 2002. Results for the second quarter of 2003 include a $2,178,000, or $0


Manitowoc Reports 2001 Results

The Manitowoc Company, Inc. reported record revenue and cash flow for the full year ended December 31, 2001. Net sales for the year increased 27.9 percent to $1.1 billion from $873.3 million for 2000. Earnings, excluding a one-time charge, were $48.9 million, or $1.99 per diluted share, compared with $60.3 million, or $2.40 per diluted share, for the comparable period in 2000. Including the one-time, after-tax charge of $3


K-Sea Announces Record Results

K-Sea Transportation Partners L.P. reported record results of operations for its fiscal 2006 first quarter ended September 30, 2005. The Company also announced that its distribution to unitholders in respect of the first quarter will increase by $0.01 to $0.57 per unit, or $2.28 per unit annualized. The distribution will be payable on November 14, 2005 to unitholders of record on November 8, 2005. For the three months ended September 30, 2005, the Company reported operating income of $6


Swedish Club Reports 'Healthy Growth'

tsc logo.png

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the financial performance and the insurance products across the board returned a staunch to high


Steady Growth Reported by the Swedish Club

Courtesy The Swedish Club

  The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the underwriting result outperformed the fi­nancial performance and the insurance products across the board returned a staunch


Changes in Aker Solutions' Top Deck

Chief Executive Officer Luis Araujo

  Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company's maintenance, modifications and operations business.


Brent Oil Rises as Euro Gains Against Dollar

Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies. The euro was up 0.6 percent against the dollar, the currency in which crude oil futures trade. The dollar lost 0


EPA: MTU Must Audit Emissions Testing

MTU America Inc., a subsidiary of Rolls-Royce Power Systems AG, will implement an auditing program to ensure proper emissions testing and compliance with federal emission standards for its heavy-duty diesel non-road engines as part of a settlement to resolve alleged Clean Air Act violations, the U


Golden Ocean CEO: Dry Bulk Shipping Market May Rebound

Herman Billung (Photo courtesy of Golden Ocean)

Dry bulk shipping charter rates remain well below break even levels, pushing vessel scrapping to record highs, though some market improvement is expected in the second quarter, Herman Billung, the CEO of shipping firm Golden Ocean said. Dayrates have plunged as China's slowdown reduced its iron


Arctic Sea Ice Sets Record Low Extent at Winter Maximum

Photo courtesy of the National Snow and Ice Data Center

Arctic sea ice has set a new winter record by freezing over the smallest extent since satellite records began in 1979, in a new sign of long-term climate change, U.S. data showed on Thursday.   The ice floating on the Arctic Ocean around the North Pole reached its maximum annual extent of


Record Rig Berthing at Drydocks World

Photo: Drydocks World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year.  


Hong Kong's Clean Fuel Rules May Cost Shippinglines

Image: The Port of Hong Kong

 The bill requiring ocean going ships to switch to low sulfur fuel while at berth in Hong Kong could effectively raise the cost of shipping containers through the city.   Under the new Hong Kong Air Pollution Control (Ocean Going Vessels) (Fuel at Berth) Regulation


Lerwick Sees Cruise Season Boom

Lerwick Harbour gets set for the boom in cruising shipping

  Lerwick Harbour’s cruise season launches at the double this week, with the arrival of the first two vessels of the year on Wednesday (18 March), bringing 1,850 passengers to Shetland. En route from Andalnes, Norway, to Torshavn, Faroe


German Cruise Market Looks Top Slot

Pic by CLIA Europe

 The ocean cruise market in Germany continues to be one of the fastest-growing tourism sectors. Going by current trends, Germany could rival the UK’s position as the second largest ocean cruise market.   Clia Germany revealed at ITB Berlin that 1


CSC Calls for Shipping Industry Emissions Reduction Target

 Photo courtesy of the Clean Shipping Coalition

The Clean Shipping Coalition (CSC) is calling on ship owners and stakeholders gathering in Brussels for European Shipping Week to support an industry carbon emissions reduction target.   The CSC, the global NGO coalition campaigning for cleaner shipping


Italian Shipper Fined $2.75m for Environmental Crimes

U.S. fines Italian shipping company $2.75m for falsifying oil records  Carbofin S.p.A., an Italian domiciled company that owned and operated the M/T Marigola was sentenced to pay an overall criminal penalty of $2.75 million for knowingly falsifying the vessel’s oil record book in


Taiwan Ship Carrying 49 Crew Missing in South Atlantic

Pic: Fishing port in Taiwan (By Fisheries Agency)

 A Taiwanese ship carrying 49 crew, including Filipinos and Indonesians, has vanished in the remote South Atlantic Ocean without any sign of a mayday call but shortly after its skipper reported it was taking on water.   The Ministry of Foreign Affairs (MOFA) said that it has been


Colombia Detains China-Flagged Ship Transporting Explosives to Cuba

The Port of Cartagena (Photo courtesy of the U.S. Trade and Development Agency)

  Colombian authorities detained a China-flagged ship traveling to Cuba for illegally transporting around 100 tons of gunpowder and other materials used to make explosives and arrested the captain, the attorney general's office said.






 
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