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
Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping. The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea. The naming ceremony was held in Olympic’s home harbor Fosnavåg April 9. The vessel is 87.5 m long and 19 m wide, making the entrance to the narrow harbor (22 m wide) a spectacular sight, the builder noted
Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping. The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea. The naming ceremony was held in Olympic’s home harbor Fosnavåg April 9. The vessel measures 87.5 x 19m, making the entrance to the narrow harbor (22m wide) a spectacular sight
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
Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client to work on a renewable energy project. The vessel, with the length of 92.55 meters, will be employed in the renewable energy sector
Royal Caribbean Cruises Ltd reported a 5.6 percent rise in quarterly revenue, helped by higher passenger ticket revenue and onboard spending, sending the company's shares up 4 percent in premarket trading. Royal Caribbean also raised its full-year earnings forecast to $6.15-$6
U.K. Royal Navy warship HMS Defender provided escort duties for transatlantic ocean liner RMS Queen Mary II through the Gulf of Oman. The Type 45 destroyer, dwarfed by the enormity of the cruise liner, is equipped with an array of weaponry and radar tracking systems to ensure the safe passage
Ships and aircraft from the Royal Australian Navy and Japanese Maritime Self Defence Force (JMSDF) have completed the bilateral Exercise NICHI GOU TRIDENT off the coast of New South Wales. The exercise, which has been conducted regularly between Australia and Japan since 2009
National Marine Dredging Company (NMDC) of Abu Dhabi, a dredging contractor in the Middle East and key player in the creation of the new Suez Canal, has granted Royal IHC an order to upgrade the automation of three heavy-duty cutter suction dredgers (CSDs).
Austal has welcomed the Commander of the Royal Navy of Oman (CRNO), Rear-Admiral (RADM) Abdullah bin Khamis bin Abdullah Al Raisi to the company’s Australian shipyard in Henderson, Western Australia, to officially name two 72 meter High Speed Support Vessels (HSSVs) designed and built by
Bibby Offshore’s Norway division, Bibby Offshore AS, has secured its first contract in the region with ConocoPhillips Skandinavia. Managed from Bibby Offshore’s Stavanger office, the workscope involves project management, installation engineering
On Wednesday, the Washington State Transportation Commission announced that the fourth ferry in our Olympic Class will be named Suquamish. Ferry names were suggested through a public process, and narrowed down to three for the Commission’s consideration.
The Royal Navy's latest submarine, HMS Artful, will be officially commissioned at a ceremony today. It will take place at Faslane naval base on the Clyde, with representatives of the Royal Navy and the companies that built the vessel present.
Gibdock’s strategic location has been brought into sharp focus with the docking of HMS Scott, the largest vessel in the Royal Navy's Hydrographic Squadron, for a recent 19-day maintenance period at the Gibraltar yard. Work took place as part of the MOD UK’s Commercially
Radio Holland delivers NavCom and VSAT on four special newbuild vessels NavCom and On Board ICT specialist Radio Holland informs it has booked multiple orders in a challenging newbuild market. The company was awarded contracts to deliver and install the complete NavCom and VSAT packages for
Royal HaskoningDHV has appointed new Corporate Directors for Human Resource Management and Corporate Strategy. Cindy Meervis (40), joining from AkzoNobel, will further develop the global HR strategy in support of building a performance and client driven culture
U.K. Royal Navy bomb disposal experts have found a German torpedo from World War II at Scapa Flow in the Orkneys. The torpedo was found on the seabed March 1 after a recent routine sonar survey on behalf of Orkney Islands Council
Anthem of the Seas is forced to run around again after suffering a norovirus outbreak just weeks after being battered by 30-foot waves. Royal Caribbean's newest cruise ship, Anthem of the Seas, is cutting another trip short and heading back to Bayonne early, according to reports
Royal Caribbean Cruises Ltd faces at least two lawsuits by passengers accusing the company of negligently endangering their lives by letting its Anthem of the Seas cruise ship sail into a fierce Atlantic storm this month. The lawsuits filed in the U.S