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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


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


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.


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


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


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


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


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


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


Brazil O&G Output Tops Record in Sept

Brazil's oil and gas output reached a record 3.36 million barrels per day of oil equivalent in September, according to a report released by the government's petroleum industry regulator ANP on Friday.   Oil production was 2.67 million bpd in September, 2.4 percent more than in August and 11


Dynagas LNG Q3 Results

Photo: Dynagas LNG Partners

 Dynagas LNG Partners LP (DLNG) has reported third-quarter profit of $17.3 million.     On a per-share basis, the company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs, came to 49 cents per share.  


Foreign Consortium to Build Vietnamese Port

 Vietnam has approved a foreign consortium's plan to invest around $315 million in a seaport and industrial zone complex in northern Quang Ninh province, the government said on Saturday. The licence was handed on Friday to the consortium including CDC International Corp from Cayman Island


Record Number of Boat Migrants Reach Italy This Year

 A record number of migrants have reached Italy by boat from North Africa in 2016, according to official data, as pressure on Italy's shelter and asylum systems grows.   Italy has borne the brunt of new arrivals since the implementation in March of an agreement between the European


Seagull Maritime Launches Training Analytics Tool

Photo courtesy of Seagull

Seagull Maritime has launched a Training Analytics tool using automated prompts to help managers to benchmark training activity levels and prioritize follow up. Developed in collaboration with several Seagull Maritime customers, the Seagull Training Analytics tool provides a simplified process for


147 Vessels Sent to Shipbreaking

Photo: NGO Shipbreaking Platform

 So far this year 147 vessels have been sent to the shipbreakers for their steel to be recycled, Telegraph reported quoting new data from Braemar ACM shows.   A record number of container ships have been scrapped this year as owners battle a perfect storm of vast overcapacity and


Oil Rises on Record Indian Imports, Hopes of Output Caps

Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.   Global benchmark oil futures, the Brent and U.S


Moore Stephens: 4th Straight Year of Operating Costs Decline

Richard Greiner (Photo: Moore Stephens)

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015.   This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction


Towing Industry Safety: AWO & USCG Joint Analysis … By the Numbers

Source: USCG

For 16 years, the National Quality Steering Committee has used three measures to track overall trends in safety and environmental protection. While not all-encompassing, the measures are considered to be useful indicators of towing industry trends. The measures are:


Fuel Data Analysis Improves Performance

(Photo: Royston Diesel Power)

Enginei fuel monitoring systems provide comprehensive fuel data analysis and reporting options to provide vessel owners and operators with detailed engine performance and other mission critical information.   To support workboats, offshore support fleets and inland waterway operators along


IMO Climate Change Moves on Agenda

 International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC 70) is this week discussing proposals to adopt a mandatory regulation for ships to record and report their fuel consumption.   


World Fleet Growth: Let’s Do The Time Warp Again?

Graph: Clarksons Research

 Clarksons Research says that there has been a rapid expansion in the world fleet over the last decade. However, the pace of growth has slowed dramatically in recent years.    Generally more limited contracting and subsequently significantly lower delivery volumes combined with


US Coast Guard Reports Record Year in Counterdrug Ops

Coast Guard offloads approximately 20 tons of cocaine (U.S. Coast Guard photo by Petty Officer 1st Class Sondra-Kay Kneen.)

The U.S. Coast Guard marked the end of a record year in counterdrug operations as the crew of Cutter Waesche from Alameda, California, offloaded more than 39,000 pounds of cocaine in San Diego Thursday, October 27. The Coast Guard and its interagency partners removed more than 416


Black Sea Wheat Exports Could Rise 12% in 16/17

Leading wheat producers in the Black Sea region - Russia, Ukraine and Kazakhstan - are likely to increase their exports by around 12 percent in 2016/17 due to a bigger harvest than last year, analyst UkrAgroConsult said on Tuesday.   It forecast exports from the three countries would total


EOG Resources Posts Smaller Quarterly Loss

 Oil producer EOG Resources Inc's loss in the third quarter was smaller than a year earlier the company took an impairment charge of more than $6 billion.   The company posted a net loss of $190 million, or 35 cents per share, compared with a loss of $4.08 billion, or $7






 
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