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
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
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., 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., 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.
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 Chinese Navy held its first anti-terror drill in the port city of Qingdao to test its capabilities in dealing with possible terrorist attacks using chemical weapons during the sailing events of the 2008 Beijing Olympic Games. Most events will be held here apart from the sailing competitions in Qingdao, Shandong Province and the equestrian events in Hong Kong. A chemical detachment of the People's Liberation Army Navy (PLA Navy) conducted the two-hour drill
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
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
The ship's doctor on board a Norwegian research vessel in the Gulf of Mexico has been airlifted to hospital by a US Coastguard helicopter, and at the other end of the world, a sailor from an Australian warship remotely located off the country's far northwest coast also needed emergency medical
Following a combined operation yesterday involving a range of government and private agencies, a Royal Australian Navy sailor is now resting in hospital in Broome, Western Australia, following a casualty evacuation operation in Australia’s far North West Shelf region.
Huntington Ingalls Industries say they recently donated $25,000 to Special Olympics of Mississippi. The check was presented at an event in Jackson and will help with travel expenses for Mississippi athletes and families to attend the Special Olympics USA Games
Bibby Remote Intervention Limited (BRIL), part of Aberdeen-based subsea installation contractor, Bibby Offshore, has further expanded its fleet by signing a charter agreement for an IRM (Inspection Repair and Maintenance) light construction vessel and adding an additional two ROVs (Remote
A keel-laying ceremony was held February 3 for Australian Air Warfare Destroyer (AWD) HMAS Brisban at Techport Australia, Adelaide. The vessel is the second of the Air Warfare Destroyer program. At the ceremony, Australian Minister for Defense Senator David Johnston said
Ship Features All-New WOWs, Including Royal Caribbean’s First-Ever Virtual Balconies, FlowRider Surf Simulator and New Dining Program. Royal Caribbean International’s Navigator of the Seas is primed to resume year-round service from Galveston, Texas on February 5, 2014
Rhapsody of the Seas and Splendour of the Seas to Join Allure of the Seas to offer Unmatched Europe Vacations Only Found on Royal Caribbean. For nearly five years, Oasis of the Seas and Allure of the Seas, sister ships that share the title of the world’s largest and most innovative
U.S. Coast Guard (USCG) search-and-rescue crews aboard Coast Guard Cutter Etheridge and an HC-130 aircrew are searching for two people 75 miles northeast of West Palm Beach, Fla., Thursday. Watchstanders at Coast Guard Seventh District command center received a report from the Royal Netherlands
With the threat of terror at the 2014 Winter Olympic Games in Sochi, the United States is prepped with vessels in the Black Sea. The U.S. Navy deployed two ships to the Black Sea to help protect against the threat of terror attacks surrounding the Games.
The U.S. Coast Guard (USCG) said a fourth person has been confirmed dead following a capsizing 75 miles northeast of West Palm Beach, Fla., Thursday. Watchstanders at Coast Guard Seventh District command center received a report Thursday from the Royal Netherlands Navy Zeeland of a capsized
Wärtsilä say they have signed a 3-year logistic agreement with the Finnish Sailing and Boating Federation with Wärtsilä’s new site in Niteroi, Rio de Janeiro, offering a perfect location and valued logistical services to the Finnish top sailors.
Thales has signed a five-year contract with the U.K.’s Ministry of Defence to provide support for the Sonar 2050 antisubmarine sensor used on the Royal Navy’s Type 23 frigate fleet. Sonar 2050 is a medium-range bow sonar currently fitted to 13 Type 23 frigates and is the Royal
A national maritime charity is set to publish a commemorative book in celebration of its 150th anniversary and is calling for people to come forward with their stories and memories. The Royal Alfred Seafarers’ Society, based in Banstead in Surrey
Reuters - Royal Dutch Shell said on Wednesday that it had closed Nigeria's Nembe Creek Trunk oil pipeline on Saturday to stop leakage caused by theft. The pipeline pumps the Bonny Light grade of crude oil. Bonny Light exports for April are at about 95
The newly launched program for the 12th International Naval Engineering Conference and Exhibition – INEC 2014, being held at the Marine Establishment Amsterdam in the Netherlands (May 20-22, 2014) features an incomparable line-up drawn from over a dozen countries speaking to the theme