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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


WA 144-car Ferries Named ’Olympic’

6813787824_0df49ac156_c.jpg

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


Chinese Navy Completes Anti-Terror Drill

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


Princess Cruises to Add New Ship to Fleet

The as-yet unnamed 143,000-ton vessel, which will be built at an all-in cost of approximately 600 million euros, will carry 3,560 passengers, and feature the successful design platform introduced by sister ships Royal Princ

  Today, Princess Cruises, a subsidiary of Carnival Corporation & plc, announced that it has reached an agreement with the Italian shipbuilder Fincantieri to build a new ship, which will enter service in 2017. The as-yet unnamed 143,000-ton vessel


RIMPAC Draws ADF Closer to Amphibious Future

HMAS Success maintains her assigned station on the Guide during the Fleet Formation serial, in which 38 warships and four submarines sailed in close company, testing the seamanship skills of bridge watchkeeping staff. The serial took 11 hours and resulted in an arial photograph of all the participating RIMPAC 14 ships and submarines.

More than 800 Australian Navy, Army and Air Force personnel are on their way home after taking part in RIMPAC, the world’s largest naval exercise, which concluded in Hawaii today. Australia sent the Royal Australian Navy (RAN) ship HMAS Success and Submarine HMAS Sheean


Royal Dutch Shell Q2 2014 Results 'More Robust' Says CEO

CEO Ben van Beurden: Photo Shell

Royal Dutch Shell informs that its second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax


Fincantieri to Build Third New Princess Cruises Ship

Rendering of the new cruise ship courtesy of Princess Cruises

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros. The 143,000-ton ship, which will enter service in 2017, will carry 3,560 passengers (lower berths)


American P&I Club Rings in Posidonia

Stuart Todd

While Posidonia is well regarded for its exhibition, it is famous for its parties. The American Club held its traditional party on the evening of Thursday, May 29, to mark the start of Posidonia week, with more than 600 guests from the club’s expanding Greek membership


Prelude By the Numbers

Prelude will consume more than 260,000 tons of steel, more than 5 times the steel used on the iconic Sydney Harbour Bridge and 3 times the steel used on the Golden Gate Bridge.

Out at sea, look! It’s a ship! It’s a floating rig! It’s SuperFLNG! While not “faster than a speeding bullet,” Shell’s shipzilla Prelude is certainly more powerful than a speeding locomotive, and will be able to leapfrog in size


Royal Caribbean Profit Jumps on Higher European Demand

Oasis of the Seas (Photo courtesy of Royal Caribbean International)

Royal Caribbean Cruises Ltd's quarterly profit beat analysts' average estimate as demand for its European and Chinese cruises increased and passengers spent more on board, helping it raise its full-year profit forecast. Shares of the world's second-largest cruise operator rose as much as 9


Andrew Weir to Support UK Navy in Antarctica

HMS Protector A173

Andrew Weir Shipping Ltd. announced that it has been awarded the contract for the support and maintenance of HMS Protector (A173), following a competitive tendering process. HMS Protector is the Royal Navy’s Ice Patrol Ship, and is deployed on operations for 334 days per year


Boustead Signs $2.8 bln Contract with Malaysian Navy

Malaysian conglomerate Boustead Holdings Bhd said on Thursday it had signed a 9 billion ringgit ($2.8 billion) contract to supply six patrol vessels with littoral combat ship capability to the Royal Malaysian Navy. Delivery of the first ship is planned in 2017


Google Street View Climbs Aboard Allure of the Seas

Screenshot of Google Street View aboard Royal Caribbeans Allure of the Seas

Royal Caribbean International claims it is changing the way people plan vacations by working with Google to be the first cruise line to launch Google Maps Business View using Google’s Street View technology onboard the cruise ship Allure of the Seas.


RN Aircraft Carrier Christened by Queen Elizabeth

Christening ceremony: Photo credit MOD

Her Majesty The Queen has officially named the HMS Queen Elizabeth in front of a crowd that included shipbuilders, the Prime Minister and the Defence Secretary, informs the UK Ministry of Defence. The naming ceremony concluded with the smashing of a bottle of whisky over the bow of the ship


New Procedures for Guanabara Bay Olympic Sailing Event

Polluted Guanabara Bay the Venue of Summer Olympic Events

    Port Authorities at Rio de Janeiro are preparing to introduce new procedures for the upcoming Olympic Sailing event to be held in the south and east side of Guanabara Bay in July and August. Sailing teams from around the world will take part and the Brazilian Olympic


Dredger Shipbuilding Yard Gets Dutch Royal Accolade

Presentation of Royal Title: Photo courtesy of Royal IHC

Historic Dutch specialist shipyard IHC Merwede says it has been awarded the honorary title of Koninklijk (Royal) by the His Majesty the King. In light of this honour, the company has decided to change its name to Royal IHC and will also include the royal crown in its revised corporate identity


GE to Power, Propel UK's New Frigates

Type 26 Global Combat Ship (Image: GE)

The U.K. Ministry of Defense has engaged in a major program to update and upgrade its current fleet of frigates. In the next decade, Type 26 Global Combat Ships will become the backbone of the Royal Navy, replacing its existing Type 23 Frigates.


Canada Announces Franklin Search, 2014 Victoria Strait Expedition:

Icebergs: Photo Canadian Govt.

The Govermnent of Canada announces that with an unprecedented number of organizations from the public, private and non-profit sectors it will partner together, using state-of-the-art technology, to locate the historic ships of the ill-fated 1845 Franklin Expedition.






 
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