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Royal Olympic

Royal Olympic Cruises Cancels Remainder Of Olympic Explorer's Summer Program

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 Considering Proposals

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 Cruises Files For Chapter 11 for Two Ship Owning Companies

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


Olympia Explorer Christened in Piraeus

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 Announces Third Quarter Results

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.


Mechanical Problems, Late Deliveries Continue to Plague Industry

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


London Olympics – UK Warship Takes Station

Photo creditHMS Ocean: Photo credit Wiki CCL Graham Richardson

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 to build PSV for Olympic

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


Oman Drydocks Handls 300th Vessel

Image: Oman Drydock Company

 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


WA 144-car Ferries Named ’Olympic’

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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


A&P Contracted for Navy Tanker Maintenance

Image by A&P Group

A&P Group, the UK’s largest ship repair firm has bagged a £15 million military contract to complete the fit-out of the Royal Navy support group’s new fleet of tankers.   The Cornish shipbuilder will customize and maintain the Royal Fleet Auxiliary’s four new


Nichols Brothers to Build Washington Ferry Superstructure

Washington State 144-car ferry Superstructure Chimacum to be built at Nichols Brothers Boat Builders    Ice Floe, LLC dba Nichols Brothers Boat Builders (NBBB) has been contracted by Vigor Industrial to construct the superstructure portion of the third Olympic Class 144-Car Washington


Norwegian Orders Rolls-Royce Propulsion Upgrade

Norwegian Epic (Photo courtesy of Norwegian Cruise Line)

Norwegian Cruise Line has selected a Rolls-Royce permanent magnet tunnel thruster to upgrade the propulsion package onboard cruise vessel Norwegian Epic.     According to Rolls-Royce, the permanent magnet tunnel thruster offers numerous advantages over traditional tunnel thrusters


BHP Billiton Donates to Sampson Flat Bushfire Relief Fund

  In response to the significant impact of the recent South Australian bushfires on local communities, BHP Billiton Sustainable Communities today donated A$250,000 to the State Emergency Relief Fund. The State Emergency Relief Fund has been established to provide assistance to those


General Dynamics Contibute $0.5 mi to CIMVHR

General Dynamics Canada announces $500,000 contribution

  General Dynamics Canada is proud to announce a contribution of half a million dollars over three years to support the work of the Canadian Institute for Military and Veteran Health Research (CIMVHR). The contribution will fuel research into understanding, diagnosis


EPA, USCG Extend Agreement with Royal Caribbean

Image: Royal Caribbean

New technologies allow industry to comply with emission standards, reduce costs   The U.S. Environmental Protection Agency (EPA) and U.S. Coast Guard (USCG) authorized formal exemptions by Royal Caribbean Cruise Lines that allow for the enlargement of the cruise line’s research


Royal Caribbean to Install Scrubbers on 19 Ships

Photo: Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. (RCL) will retrofit 19 of its ships with advanced emissions purification (AEP) systems. These systems, also known as scrubbers, will remove more than 97% of the sulfur dioxide emissions generated by the ships' diesel engines.     


Rolls-Royce Unveils Gas Turbine Service and Test Facility

Photo: Rolls-Royce

Vice Admiral Simon Lister, Chief of Materiel (Fleet), Defense Equipment and Support, opened a new gas turbine testing center last week at the Rolls-Royce facility at Filton, Bristol, U.K.   The Rolls-Royce Test Facility now includes a new WR-21 Test Cell


BAE Systems to Upgrade UK Navy Torpedoes

Photo: BAE Systems

BAE Systems has been awarded a £270 million contract from the U.K.’s Ministry of Defense (MOD) to upgrade the Spearfish Heavyweight Torpedo for the Royal Navy’s submarines. Following the completion of the design phase, existing torpedoes will be upgraded by BAE Systems at its


US, UK Navies Plan Future Cooperation

Leaders of the U.S. and British navies agreed on a shared vision for closer cooperation Dec. 11, the culmination of a yearlong effort that will build on a long-standing maritime partnership over the next 15 years.   Chief of Naval Operations Adm


CSV Delivered to Bibby Subsea

Olympic Ares

Bibby Offshore’s Houston-based division, Bibby Subsea, welcomed the Olympic Ares, a multifunctional subsea construction support vessel (CSV) which is due to arrive in the port of Galveston on December 16, 2014.    The 115-meter Olympic Ares features a 250-metric-ton heave


RCCL: Bayley, Lutoff-Perlo take CEO Posts

Michael Bayley

Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean


BHP Billiton Focus on Operation & Productivity

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 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.  * Improved capital productivity will allow planned investment to be reduced from US$14


JK Fabrication Wins Emergency Tow Reel Order

Photo courtesy of JK Fabrication

JK Fabrication (Nordic Machine) wins emergency tow reel order from Olympic Tug and Barge Olympic Tug and Barge, a Harley Marine Services Company, has selected four JK Fabrication emergency tow storage reels for new barges being built at Zidell Shipyard in Portland (the first two) and Vigor


Port Canaveral Welcomes Explorer of the Seas

Explorer of the Seas

Starting November 15, 2014, Royal Caribbean’s Explorer of the Seas begins homeporting at Port Canaveral through March 2015, offering a new nine-night itinerary that reaches further into the southern Caribbean with stops in Aruba, Bonaire, Curacao, and Haiti






 
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