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
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
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 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
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.
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
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
London Olympics – UK Warship Takes Station
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
WA 144-car Ferries Named ’Olympic’
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
'Navigator of the Seas' to Homeport Port of Galveston
Port of Galveston say that Royal Caribbean International is to base their Voyager-class ship year-round from Galveston, from November 2013. The Navigator of the Seas, due for an extensive drydock refit in January 2014, will replace Mariner of the Seas to offer Texas vacationers roundtrip
Harris CapRock Fulfill Major Cruise Line Satcom Contract
Harris CapRock has completed fleet installation of its managed communications solutions onboard 33 Royal Caribbean Cruise vessels. Since the start of the project, the company has removed 48 legacy antennas, installed 86 new ones in ports all around the world and procured more than 59
Royal Alfred Becomes a Dementia Friend
A maritime care home has joined the national Dementia Friends campaign as part of its ongoing drive to both expand its specialist care provision and provide a wider support network for the families of residents suffering from the disease. The announcement comes in the run up to this year’s
High Power Phased Array Radar Development
The Australian Department of Defense released a request for tender to CEA Technologies for the development of a High Power Phased Array Radar concept demonstrator. CEA Technologies Pty Ltd is a Canberra-based company whose CEAFAR radar is being fitted to the ANZAC Class Frigates of the Royal
Destroyer Duncan Sets Sails
Duncan, the sixth and final Type 45 destroyer built by BAE Systems, has set sail from the Clyde in preparation for her handover to the U.K. Royal Navy. Duncan set off from the company’s Scotstoun yard with a combined BAE Systems and Royal Navy crew for the 600-mile journey to her new
HYMAR Project Wins Technology Award
The EU Hybrid Marine (HyMar) Project—a collaborative research project led by the International Council of Marine Industry Associations (ICOMIA) and funded under the EU's Seventh Framework Research Program—won the “Ocean Going and Coastal Division Technology Award” at the
Royal Caribbean Voyager of the Seas Meets Legend of the Seas in Singapore
Royal Caribbean International’s two Asian-based cruise ships Voyager of the Seas and Legend of the Seas both arrived at Marina Bay Cruise Center Singapore in the morning and were berthed side by side for the first time here. Voyager of the Seas, the largest cruise ship based in Asia
Japanese Tsunami Dock Removed from Olympic Coast
Crews from The Undersea Company of Port Townsend, Wash. have removed the 185-ton dock that crossed the ocean following the March 2011 tsunami. NOAA contracted with The Undersea Company to remove the dock from the remote wilderness coast in the Olympic Coast National Marine Sanctuary and the
U.K. Royal Navy Visit Saab Seaeye
The Royal Navy visited Saab Seaeye to view the company’s range of underwater vehicle technology designed for maritime defense. A delegation led by Commodore Alex Burton, head of Maritime Capability, toured the facilities at Fareham, which have recently doubled in size since the opening of
Type 45 Destroyer Duncan Delivered to the Royal Navy
The sixth and final Type 45 destroyer, Duncan, has been delivered to HM Naval Base Portsmouth by BAE Systems and will be handed over to the U.K. Ministry of Defense at a ceremony. Duncan arrived into her new home of Portsmouth for the first time this morning with a combined BAE Systems and
Small Boat Counter-offensive Contract for QinetiQ
QinetiQ Maritime contracted by UK'sMinistry of Defence (MOD) to research co-ordinated defence against attacks on Royal Naval ships. The contract is to carry out research into the co-ordinated defence of the Royal Navy fleet against the emerging threat of attacks from small
Raytheon Anschütz Systems for New Oman OPV's
Raytheon Anschütz to supply Integrated Bridge & Navigation Systems to four Offshore Patrol Vessels (OPV) for the Royal Navy of Oman. Under the contract, Raytheon Anschütz will equip Oman’s new Al-Ofouq-class OPVs with a complete
Eighth and Final Royal Navy Frigate Upgraded with Sonar 2087
Following an extensive refit, HMS Portland has become the final Royal Navy Type 23 frigate to be fitted with Thales U.K.’s Sonar 2087, a towed array sonar system that enables warships to hunt submarines at considerable distances and locate them beyond the range from which they can launch an
Royal Caribbean Reveals Quantum-Class
Royal Caribbean International unveiled first details of its next generation of cruise vacations – Quantum cruising. The details were unveiled by stage, television and film star, Kristin Chenoweth – Godmother of Quantum of the Seas – at an exclusive event for media and
L.A. Port Director Receives USC Alumni Award
Port of Los Angeles Executive Director Geraldine Knatz, Ph.D., has been honored by the University of Southern California Alumni Association with the prestigious Alumni Merit Award. Knatz earned a Master of Science degree in environmental engineering and a doctorate in biological science from USC