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Reports Record

New Cruise Ship to Ply Yangtze River

According to a report on, 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, 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:

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

Arrests, Prosecutions – Positive Response to Piracy

Q3 report Twitter graphics4

  Despite an overall global reduction in serious piracy attacks this year, the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC) cautions against complacency in its 2015 report for the year to 30 September. Southeast Asia cracks down

OPEC Sees Oil Supply Hole in 2016 as Low Prices Curb Rival Output

OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts, reducing a global supply glut.   In a monthly report, the Organization of the Petroleum Exporting Countries said it

Maersk to Idle Vessel

Morten Maersk. Photo by Maersk Line

 The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits, says a report in the The Straits Times.  

Sandra Weakens to Tropical Storm off Mexico's Coast

Sandra Image credit NASAGSFC.

  Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said. Sandra, about 215 miles (346 km) southwest of the Pacific port of Mazatlan on Friday evening

KEP Marine Releases Video Recording Products


  KEP Marine releases today the innovative network video recording system and new HD cameras. The plug-and-play KVNR-8001 network video recording system is simple to install with easy to use commands and remote operating capability. Offering high definition footage recorded at 30 frames

Korean Shipbuilders in Red

Photo: Samsung Heavy Industries

 South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships.   The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016

Panama Canal Reports Record Tonnage

Photo: ACP

The Panama Canal Authority (ACP) announced a new tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the canal for the 2015 fiscal year – a 4.3 percent increase year-on-year.   This year's record surpasses the previous record of 333

Nordic American Tankers Declares Dividend


  The Board of Nordic American Tankers Limited has declared a cash dividend of $0.38 per share to shareholders of record October 29, 2015. The dividend is expected to be paid on or about November 12, 2015.   The 3Q2015 earnings report is expected to be released Wednesday November 11

Port of Baltimore Sets Container Record in August

Photo: Port of Baltimore

 The Helen Delich Bentley Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August as shipping volume continued to swell.   August volume of total containers, including empties, rose 12

South Port says Shipping Rates 'Unsustainably Low'

Rex Chapman - Chairman. Photo by South Port NZ Ltd

 Shipping rates in New Zealand waters have become "unsustainably low" in the wake of supply chain agreements such as between Kotahi and Port of Tauranga,  NBR reports as South Port New Zealand chairman Rex Chapman saying.  

Asian Waters Hit by Increased Maritime Piracy

Graph: ReCAAP Information Sharing Centre

 Singapore-based anti-piracy agency, ReCAAP Information Sharing Centre (ReCAAP ISC) has recorded a total of 161 incidents of piracy and armed robbery against ships in Asia during January-September 2015.   This represents a 25 percent increase in the total incidents compared to 2014

Mexico's main Pacific Ports Reopen

A tree felled by wind is seen after the passing of Hurricane Patricia in Casimiro, Mexico October 24,

  The major Mexican cargo port of Manzanillo was set to reopen at 4 pm (21:00 GMT) on Saturday, a port official said, after avoiding the worst of Hurricane Patricia, which slammed into the country's Pacific coast but caused less damage than expected.

Santos 2015 Exports at Record Pace - Codesp

Brazil's main Port of Santos is forecast to surpass record exports of 114 million tonnes set in 2013 by the end of this year, as the real's depreciation against the dollar sparks sales of local goods abroad, the state-run company Codesp that manages the port said on Monday.  

GAC Facilitates Swedish Boats Delivery for Sea Rescue

GAC coordinates delivery of Swedish boats for Eastern Mediterranean sea rescue effort

  Two high-speed boats from Sweden have joined the sea rescue effort in the Eastern Aegean, and it was GAC that coordinated their delivery to Greece. The craft were sent by the not-for-profit NGO, the Swedish Sea Rescue Society (SSRS)

Shanghai Port Logs Quarterly Profit Fall

Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing evidence of China's economic slowdown. China, the world's second largest economy, grew 6

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