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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


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


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


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


Fifty Mali Migrants Among Hundred Drowned in Med

At least 50 Malians from the impoverished region of Kayes were among up to 900 migrants who drowned trying to cross from Libya to Europe this weekend, the government said on Friday. The deaths triggered worldwide outrage and prompted the European Union to agree to triple the size of its naval


Strong FY 16 Funding Approved for Corps

   Today the House Appropriations Committee, led by Chairman Hal Rogers (R-KY), approved by unanimous voice vote the FY ’16 Energy & Water Development (E&WD) and Related Agencies appropriations bill, significantly increasing funding in Fiscal Year 2016 for the U.S


Funding Boosted for USACE Civil Works Program

Michael J. Toohey (Photo: WCI)

House Appropriations Committee approves strong FY ’16 funding for Corps with full use of all estimated inland waterways trust fund annual revenues   The U.S. House Appropriations Committee, led by Chairman Hal Rogers (R-KY), today approved by unanimous voice vote the FY ’16


Port Klang Ensures Faster Turnaround for CMA CGM KERGUELEN

The CMA CGM KERGUELEN welcomed with a unique arrangement at the Port Klang Terminal

  The CMA CGM Group reported that during the CMA CGM KERGUELEN first call at the Port Klang Port Terminal in Malaysia, the terminal set up a unique arrangement for the vessel: no less than 12 cranes were simultaneously used to match the vessel's exceptional length (398 meters) and capacity


Suezmax Tankers Bullish

 Suezmax: By Palmali Group of Companies

Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa.   Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama.  


Canada's Ferry Operators Highlight Safety

As Canadians remember the tragic sinking of the Korean ferry, MV Sewol, one year ago today, Canada’s ferry operators remind Canadians of the notable safety track record of its sector.    Through a short video posted online, the Canadian Ferry Operators Association (CFOA)


The Deadly Migration Sea Routes in Mediterranean, 400 Died

The Italian Harbourmaster Corps (Coast Guard) rescues migrants bound for the coasts of Italy. File Photo from Archive: International Organization for Migration (IOM)

 With Italian authorities rescuing 8,500 migrants in the Mediterranean over the weekend and reports up to 400 may have died, there can be no doubt that an unprecedented summer surge in migrant sea crossings is already under way, say Italian media.  


Singapore Registers Double-Digit Bunker Fuel Sales Growth

Photo source: Maritime and Port Authority of Singapore

 Maritime and Port Authority (MPA) of Singapore said that Singapore bunker fuel sales rose 5.34% month on month and up 12.33% year on year, to 3.58 million mt in March reports Platts.   The vessel arrivals in Singapore for bunker fuel rose to 3,295 in March, up 9


Canada Releases Tanker Safety System Report

The Government of Canada has released the second report of the independent Tanker Safety Expert Panel, “A Review of Canada’s Ship-source Spill Preparedness and Response: Setting the Course for the Future, Phase II – Requirements for the Arctic and for Hazardous and Noxious


Incat Crowther Opens Europe Office

36m Catamaran Passenger Ferry Luanda

  Incat Crowther reported it has opened an office in Europe. Located in Southampton, United Kingdom, the office has been created to support a growing European client base and meet the demand for Incat Crowther’s products and services in the region, the company said.


Johnsen Joins the Management Team in Akasto

Courtesy Akasto

  Paal E. Johnsen will take the position as Investment Director in Akastor, and will be a part of the company's executive management team. Johnsen comes from a position in DNB Markets, and has extensive experience at management and board level in various companies in industry and finance


2014 Was a Challenge for Danish Maritime Authority

Courtesy Danish Maritime Authority

  The 2014 annual report of the Danish Maritime Authority has been published. A record increase in the tonnage registered in Denmark, Danish Maritime Days and the adoption of the Polar Code are some of the important results in the previous year.


Port St. John to Install KleinPort System

The Port of Saint John (photo courtesy of Port Saint John)

  Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick.   The Port will be using KleinPort to manage and track its operational activities and cargo data


Great Lakes Losing Ice

Great Lakes Ice Cover: Picture Credit: Great Lakes Environmental Research Laboratory

 The Great Lakes Environmental Research Laboratory reports ice cover for all of the Great Lakes combined at around 52%, thanks to milder temperatures and gusty winds over the past several weeks.   On March 1, nearly 89 percent of the Great Lakes were covered in ice


CMA CGM to Add Ships, Pursue More Economies

Containership CMA CGM Marco Polo.JPG

CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed its focus on economies of scale was bearing fruit. Like market leader Maersk Line






 
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