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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

Servowatch IPMS Completes FATs for UK Navy

A BAE Systems Surface Ships Offshore Patrol Vessel for the U.K. Royal Navy (Image: Servowatch)

The fully integrated platform management system Servowatch designed and built for three new offshore patrol vessels for the U.K. Royal Navy has completed BAE Systems’ Factory Acceptance Tests (FAT).   Servowatch, the supplier of advanced integrated ship control systems

Steel Cut on UK Navy’s Newest Warship

Image: BAE Systems

Construction has begun on a new warship for the U.K. Royal Navy as the Minister of State for Defense Procurement, Philip Dunne MP cut the first steel in Glasgow today.   HMS Trent is the third of three River Class Batch 2 Offshore Patrol Vessel (OPV) designed and constructed by BAE Systems

Cruise Critic Awards Best Cruise Lines of 2015

Photo: Viking Oceans

 Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.   The winners, which are selected by the online cruise guide's team of experts

Besselink of Royal HaskoningDHV Quits

Piet W. Besselink

  Mr Piet Besselink, Executive Board Member of international engineering and project management consultancy Royal HaskoningDHV, has decided to step down by the end of the year. This change was announced by the company’s Supervisory Board.  

British Warship to Tackle Smugglers in Mediterranean

HMS Richmond (Photo: MOD)

A British warship could be used to target people traffickers in the Mediterranean as part of European Union efforts to tackle a growing migrant crisis, the Ministry of Defence said on Wednesday. The government said it was offering the ship to board

Oman Navy Receives New Patrol Vessel

Photo courtesy ST Marine

 Singapore Technologies Marine Ltd (ST Marine) delivered the second Patrol Vessel RNOV Shinas to the Royal Navy of Oman (RNO). The Company also held the Naming Ceremony for the third PV RNOV Sadh built for the Navy.   The Guest-of-Honour was the Commander of the Royal Navy of Oman

India, Australia Begin First Joint Maritime Exercises

HMAS Arunta sails to India for AUSINDEX 2015. Photo: Royal Australian Navy

 India and Australia have commenced the first bilateral maritime exercise, Ausindex15, in Visakhapatnam, India, strengthening defence cooperation between the countries.   Building on the personal relationship of Prime Minister Modi and Prime Minister Abbott, the Minister for Defence

Oman Navy Celebrates New Patrol Vessels

Photo: ST Marine

The Royal Navy of Oman (RNO) celebrates the delivery of its second of four new patrol vessel, together with the naming of its third, at an event hosted by shipbuilder Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering).

Donegal Fishing Boat Nearly Hit by Submarine

Astute-class submarine. Photo: Royal Navy

 Donegal fishermen are counting their lucky stars after a near-miss with a submarine last week.    A shocked fisherman has described his close encounter with a submarine, which emerged from the water 200 yards away from his boat.  

Royal Navy Submarine Responsible For Fishing Trawler Incident

HMS Astute. Photo: Ministry of Defence

 Britain’s Ministry of Defence has admitted a Royal Navy submarine was responsible for dragging a trawler backwards off the Northern Ireland coast earlier this year.   A Royal Navy submarine did get entangled in a fishing boat's nets and dragged it for 18 miles

Royal Purple Debuts New Line of EALs

The BioMax EAL Gear Oil creates an ionic bond that adheres to metal parts and forms a synthetic film on metal surfaces, improving lubrication and maintaining longer lasting results on marine hydraulic gears. (Image: Royal Purple)

Synthetic lubricant manufacturer Royal Purple has launched its all-new BioMax line of Environmentally Acceptable Lubricants (EAL).   Royal Purple said its BioMax Environmentally Acceptable Lubricants meet all environmental standards mandated by the Environmental Protection Agency (EPA) and

Oman Drydock Company Expands Rapidly

Dr Ahmed Al Abri - Oman Drydock Company Deputy CEO Operations WEB.jpg

Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.3 million sq. m. shipyard it aims to become a leading shipyard in the Gulf over the next five years

USCG, Royal Canadian Navy Conduct Jt Exercise

Joint Exercise

  U.S. Coast Guard crews from Southeastern New England conducted various evolutions with the Royal Canadian Navy to train and improve the inter-operability of the two nations’ militaries and surface search and rescue assets. Coast Guard Station Woods Hole, Station Provincetown

UK's Newest Submarine Arrives on the Clyde

Artful arriving at HMNB Clyde (Photo: U.K. Ministry of Defense)

Artful, the third of the U.K. Royal Navy’s new Astute Class attack submarines, has arrived at her Scottish base port from where she will carry out sea trials before entering service later this year, the U.K. Ministry of Defense announced.  

Imtech Bankrupt, Parts Sold to Investors

Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday.   Imtech, which employs 22,000 people in 35 countries and has annual sales of roughly 4

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