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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


Kleven Delivers Construction Vessel to Olympic Shipping

Olympic Bibby (Photo courtesy of Kleven)

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


Kleven Delivers to Olympic Shipping

Photo: Martin Hauge Nilsen

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 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


Olympic Subsea Vessel Bags Contract

Olympic Delta. Photo by Olympic Shipping AS

 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's Revenue up 5.6%

Ovation of the Seas (Photo: Royal Caribbean)

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


UK Navy Warship Escorts Queen Mary II

HMS Defender with RMS Queen Mary II (Photo: U.K. Royal Navy)

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


Australia-Japan bilateral exercise Ends

Royal Australian Navy and Japanese Maritime Self Defence Force counterparts gathered in Sydney to conduct the bilateral Exercise NICHI GOU TRIDENT from 15-26 April 2016.

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


Royal IHC Upgrades Three CSDs for NMDC

Al Sadr (Photo: Royal IHC)

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 Hosts Naming Ceremony for Oman’s New Naval Vessels

(Photo: Austal)

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 Wins First Norwegian Contract

Olympic Ares (Photo: Bibby Offshore)

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


Newest Washington State Ferry: M/V Suquamish

Washington State Transportation Commission selected Suquamish as the name of the states fourth Olympic Class ferry. Photo WSTC

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.


HMS Artful Submarine to be Officially Commissioned

Artful, Astute Class attack submarine. Photo: Royal Navy

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 Gets Strategic with HMS Scott

HMS Scott at Gibdock Photo Gibdock

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 NavCom, VSAT for 4 Newbuilds

One of Meriauras EcoCoasters (Image: Radio Holland)

 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 appoints two Directors

Cindy Meervis Photo Royal HaskoningDHV

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


World War II Torpedo Found at Scapa Flow

Naval divers return to the wreck of HMS Royal Oak to replace her White Ensign (Photo: UK Royal Navy)

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 Forced to Turn Around Again

Anthem of the Seas. Photo: Royal Caribbean

 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 Faces Lawsuits over Storm-battered Cruise Ship

Anthem of the Seas (File photo: Royal Caribbean Cruises, Ltd.)

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






 
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