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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


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


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


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


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


Norway: Oil Industry Safety Deteriorated in 2015

File image: an offshore platform in the North Sea (Statoil)

The risk of accidents in Norway's oil industry rose last year after reaching record lows in 2014, a survey by the Nordic country's safety watchdog showed on Thursday. "The results are a warning sign. They indicate that something could be about to happen with the safety level


Asia-N.Europe Box Rates Dive 13 pct

The CMA CGM Ben Franklin loads cargo alongside the pier (file image: Marad)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Hyundai Heavy Industries Shedding Jobs, 'Non-Core' Assets

An LNG vessel being built at Hyundai Heavy Industries in Korea (Credit: HHI)

South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders, it said on Monday. The South Korean government has urged ailing industries to speed up restructuring efforts


Asia-N.Europe Box Rates Sag Almost 5 pct

File Image: a Maersk Container Vessel alongside engaged in cargo operations (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Dry Bulk Demolition in a Tough Place

Graph: Clarksons Research

 Clarksons Research says that the dry bulk markets are in a tough place at the moment and owners have responded by selling more, and younger, vessels for demolition. But just how tough have they been so far, and how tough might they get?  


Baltic Index Up on Firmer Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by stronger demand for panamaxes and smaller vessels.   The overall index that gauges the cost of shipping cargoes including iron ore, cement, grain


Gunvor Exports Its First US Crude Cargo

Swiss trader Gunvor Group Ltd is joining a chorus of trading houses in exporting U.S. crude, marking the latest cargo to leave U.S. shores just months after Congress lifted its four-decade ban on exports.   Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas


Grangemouth Port Workers to Take Strike Action

Image: Grangemouth Port

 Staff at the Port of Grangemouth - one of the country’s biggest ports handling 150,000 containers each year - have voted for strike action over changes to conditions by employer Forth Ports, reports Daily Record.   Workers at Scotland's largest container port are to begin a


Santos Port Stevedores to Strike on Monday

Courtesy Brazils Santos port

Stevedores in Santos, Brazil's largest port, have scheduled a 24-hour strike for Monday, demanding wage hike adjustments for inflation as the country's main commodity markets gear up for the export season. Stevedores are due to suspend work at 07:00 a.m


DNV GL ShipManager Enables Safety Management Reporting

ShipManager software for maritime industry Photo DNV GL

Shipping companies are increasingly gathering information from the fleet in order to improve their operations and safety performance. Without easy–to-use and data smart systems potential insights and improvements may be lost. Time-consuming reporting to various stakeholders may reduce focus


Northwest Seaport Alliance’s Auto, Container Volumes Rising

Photo: Northwest Seaport Alliance

The Northwest Seaport Alliance of Seattle and Tacoma reported that auto imports and container volumes posted gains through the first quarter of 2016.   Building off last year’s record-breaking volumes, March marked the highest volume of auto imports in more than a decade


CMAXS Installed on Two Rosy Star Ocean Vessel Management Ships

Photo: Class NK

ClassNK Consulting Service’s software solutions ClassNK CMAXS PMS and ClassNK CMAXS SPICS have just been installed on two ships managed by Manila-based Rosy Star Ocean Vessels Management Co., Inc., marking the first adoption by clients outside of Japan.


IMO Takes Further Action on Climate Change

Photo:  International Maritime Organization (IMO)

 The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption, in a move that sends a clear and positive signal about the Organization’s continuing commitment


Violent Attacks Worsen in Seas Off West Africa - IMB

Piracy on the world’s seas Courtesy ICC & IMB

 As piracy on the world’s seas continues to fall, new figures from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlight growing violence off the coast of West Africa, where 44 seafarers have been captured so far this year.


37 Piracy Incidents in Q1, Says IMB

Image: International Maritime Bureau (IMB)

Worldwide, International Maritime Bureau (IMB) recorded 37 piracy and armed robbery incidents in the first quarter of 2016, down from 54 in the same period last year. Three vessels were hijacked and 29 boarded, with 26 crew kidnapped for ransom and a further 28 held hostage.  






 
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