Royal Olympic Cruise Lines Inc.announced that it has regretfully been forced to cancel the cruises of its new vessel, Olympic Explorer, for the remainder of the summer season. Although it had been reported that the Company had hoped to commence cruises with the vessel on September 15, it has not been possible to finalize all the discussions with the Blohm+Voss shipyard to allow the necessary technical modifications to be completed by this date. Commenting on the cancellation, Yiannos Pantazis, Royal Olympic's CFO, stated: "It is a real disappointment to us that the ship will not be able to undertake any cruises during the summer season, but we hope to have the vessel ready to commence operations for the next season. The Company said that all passengers booked on Olympic Explorer from September 15 would be offered alternative cruises on other ships of the Company. - (Reuters)
Royal Olympic Cruises Lines stated that a special committee of its outside directors has been considering proposals and alliances involving the company and/or its majority shareholder, ROC Holdings. Consisting of Bobby Melnick, Michael Jolliffe and Nicholas Pisaris, the committee is considering proposals such as a sale of a controlling interest in ROC Holdings that would not involve an offer to purchase the company's publicly held shares
Royal Olympic Cruise Lines, Inc., announced today that two out of its eight shipowning companies, Olympic World Cruises, Inc., the owner of the vessel Olympia Voyager, and Royal World Cruises, Inc. the owner of the vessel Olympia Explorer, have filed for reorganization under Chapter 11 of the United States bankruptcy code. The company has been in discussion with the lenders to these subsidiaries regarding a potential restructuring of $250
Royal Olympic Cruise Lines Inc. announced that its new cruise ship, Olympia Explorer, was christened at the Port of Piraeus on Friday, June 7, 2002. Vangelis Papathanassiou, the internationally renowned composer and 1982 Oscar winner for his film score for "Chariots of Fire," was the vessel's godfather, assisted by Katerina Potamianos and Marisa Loizou, the daughters of Andreas Potamianos and Costakis Loizou, Royal Olympic's two main shareholders
Royal Olympic Cruise Lines Inc., reported that third quarter net revenues increased by 11.3 percent to $57.1 million compared to the same period last year. For the nine months ended August 31, 2001, revenues increased by 17.6 percent to $102.6 million compared to $87.3 million during the same period in 2000. The growth in revenues in the third quarter is attributable to an improved summer cruise season and the introduction of Seawing, which contributed $8 million.
A stagnant economy, threat of overcapacity and canceled cruises due to repairs and late deliveries have conspired to slow the hyper-growth cruise industry has enjoyed for the past decade. Even last year's new Millennium, which burst onto the cruise scene with its new gas turbine propulsion, had its share of troubles. Despite unparalleled reassurance by Celebrity that Millennium's propulsion problem was remedied, Infinity, its sistership, which was delivered this past Spring
The Royal Navy's Assault Landing Ship, HMS Ocean, sails up the River Thames in preparation for forthcoming Olymics HMS Ocean will berth at Greenwich in east London where she will act as a launch pad for eight Lynx helicopters and a base for Royal Marine snipers in the the final phase of the exercise 'Olympic Guardian', which began earlier this week in Weymouth and in the airspace over the capital. During the Games the ship will also accommodate 300 military personnel who are providing
Aker Yards signed a contract worth approximately $22.8 million with Olympic Shipping to build a Platform Supply Vessel of the MT 6009 design. Delivery is scheduled for December 2006. "We are pleased to have received another newbuilding order from Olympic Shipping," said Roy Reite, in charge of Aker Yards' Offshore & Specialized Vessels business area. "This contract confirms our long and good relationship with Olympic Shipping
The Oman Drydock Company has celebrated the handing over of the 300th vessel since starting its operations in 2011, under the auspices of Said bin Hamdoon al Harthy, Undersecretary of the Ministry of Transport and Communications for Ports and Marine Affairs. The vessel, Olympic Luck, which was delivered yesterday (Jan 21) was converted from a multipurpose vessel to an oil tanker, a milestone achievement and an important project for Oman Drydock Company
SEATTLE – The new class of 144-car Washington state ferries currently under construction will be named after a beloved Washington landmark, the Olympics. The winning name, Olympic, was selected by Transportation Secretary Paula Hammond after a contest among Washington State Department of Transportation employees resulted in more than 130 submissions. “I loved the mountain range theme,” said Hammond
On Thursday, April 9, the official naming ceremony took place for inspection repair and maintenance (IRM) light construction vessel Olympic Bibby, at the Kleven Shipyard, Norway. The ceremony saw the vessel’s official Godmother Connie Brown
Royal Caribbean’s 2nd Quantum Class cruise ship, Anthem of the Seas, was officially delivered to the cruise line by Meyer Werft in a signing ceremony in Bremerhaven, Germany. Royal Caribbean Cruises chairman and CEO Richard Fain officially received the 16-deck-high vessel from
Royal Caribbean International took delivery of its 23rd ship, Anthem of the Seas. Royal Caribbean Cruises Ltd.’s Chairman and CEO Richard D. Fain officially received the new ship from Meyer Werft Yard’s Managing Partner Bernard Meyer in a signing ceremony held in Bremerhaven
The bridge layout for two 72-meter high speed support vessels (HSSVs) for the Royal Navy of Oman has been formally approved during a ceremony held at Austal Australia’s shipyard in Henderson, Western Australia, the shipbuilder announced.
The Malaysian government has signed a new contract with Boustead DCNS Naval Corporation (BDNC) for through-life support for the two 2000 type Scorpene submarines of the Royal Malaysian Navy, based at Kota Kinabalu, Sabah.
A naming ceremony was held on April 9, 2015 in South Korea for SCF Mitre, the fourth vessel in a series of state-of-the-art Atlanticmax-type LNG carriers built for Sovcomflot (SCF Group). The vessel, as with her sistership SCF Melampus that joined SCF Group’s fleet in January 2015
After 19 days of sailing, Abu Dhabi Ocean Racing has won leg five of the Volvo Ocean yacht Race, between New Zealand and Brazil. Abu Dhabi Ocean Racing emerged victorious on Sunday after 6,776 nautical miles (nm) of immensely challenging racing in leg five to take a big advantage at
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV), RNOV Shinas, and the interim delivery for the first vessel RNOV Al Seeb, built for Royal Navy of Oman (RNO).
Royal Caribbean International will deploy yet another big ship in China, with the 4,180-passenger Ovation of the Seas joining Quantum of the Seas in the Far East. The Miami-based cruise company takes delivery of Ovation in April 2016 and it will head straight to China rather than
As new emission standards enter force across the commercial maritime sector, Royal Caribbean has opted to outfit 19 of its ships with scrubbers from two manufacturers. This month we visit with Harri Kulovaara, EVP, Maritime, and Kevin Douglas, VP, Technical Projects/Newbuilds
The Queen, who is the sponsor of HMS Ocean, attended the celebration of rededication of the ship following a £65 million refit at Devonport dockyard in Plymouth. HMS Ocean, Britain’s largest warship and helicopter carrier was granted Freedom of the City in 2004
Royal Boskalis Westminster N.V. informs it has increased its holding in Fugro N.V. to 25.1%, stressing that the move is not a step toward making an offer. “Boskalis views Fugro as an interesting company with strong market positions in its core activities
Canada plans to spend billions of dollars on new patrol ships, polar satellites, transport upgrade, and winter gear for its troops amid rising demands for the Arctic’s riches. Both the Royal Canadian Navy and the Royal Canadian Air Force are set to receive some major equipment
ALMACO informs it has been contracted to deliver food handling products for the Royal Caribbean International’s Ovation of the Seas, the third Quantum-class ship scheduled for delivery during the second quarter of 2016. The contracts, awarded by Meyer Werft shipyard in Papenburg
Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016. The ship will then be leased to Thomson Cruises, which will operate the vessel.