Second Hand Ship
LONDON, April 7, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the first quarter ended February 28, 2011. Net profit attributable to shareholders in the first quarter was $31.2 million, with revenue of $458.7 million, compared with $33.0 million and $459.4 million, respectively, in the fourth quarter of 2010. Highlights for the first quarter of 2011, compared with the fourth quarter of 2010, were: * Stolt Tankers reported an operating loss of $1.0 million, compared with an operating profit of $11.0 million. First-quarter results reflected the impact of higher bunker fuel prices, weather-related delays and port congestion. * The Stolt Tankers Joint Service Sailed-in Time-Charter Index was 1.09, compared with 1.17. * Stolthaven Terminals' operating profit rose to $16.5 million from $14.4 million, driven by revenue growth at the division's wholly owned terminals and lower operating expenses. * Stolt Tank Containers reported an operating profit of $18.5 million, down from $21.0 million, though underlying market dynamics remained strong. * Stolt Sea Farm reported an operating profit of $1.5 million, down from $3.9 million, reflecting the negative impact of $1.9 million from the fair value accounting for inventories, compared with a prior positive impact of $2.5 million.
General Maritime Corporation has agreed to acquire 19 tankers, including 14 Suezmax and 5 Aframax vessels from Metrostar Management Corporation, a Greek tanker operator. The acquisition of the vessels is expected to commence on March 1, and to be concluded by April 30, 2003 during which time the vessels will be integrated into General Maritime's fleet operations. The acquisition of the tankers will be made for cash and is subject to the customary conditions of delivery
Eastern Canada Towing Ltd. (ECTUG) has purchased a newly-built azimuthing stern drive (ASD) harbor tug at a cost of $3.7 million. Named Point Valiant and handed over to ECTUG in December 1998, she has a bollard pull of 45 tons and will be based in the Port of Halifax. Point Valiant replaces a much smaller tug, the 1962-built 24-ton bollard pull single screw Point Vigour. Point Valiant is the second of two identical tugs built by Ocean Industries Inc
The U.S. Centers for Disease Control and Prevention (CDC) issued guidelines for maritime personnel regarding severe acute respiratory syndrome (SARS). The three guidelines are somewhat redundant with each other. The first focuses on Personnel Boarding Maritime Vessels from Areas with SARS . The second focuses on Workers Handling Cargo or Other Packages . The third focuses on Cruise Ship Passengers and Crew Members . The guidelines point out
Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon
GulfMark Offshore, Inc. (NYSE: GLF) announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879CD design with a deck area of over 800 square meters. These large and technologically advanced vessels have been designed to meet the demanding requirements for supporting deepwater and
The Vietnam Oil and Gas Corporation (PetroVietnam) on July 4 awarded a contract to the Vietnam Shipbuilding Industry Corporation (Vinashin), for the construction of three 105,000-ton oil tankers. The oil tankers, to be built at the Dung Quat Shipyard, are to be equipped with state-of-the-art facilities satisfying latest international maritime conventions. According to Vinashin, oil tankers of this kind are normally priced and sold for $60-65m each in the world market
At a shareholders' meeting, Germanischer Lloyd's Executive Board announced the successful defense against the hostile takeover bid by a French competitor. The binding purchase offer by the Hamburg entrepreneur Günter Herz, with secure long-term perspectives for the Society, met with the approval of shareholders who were willing to sell. More than 40% of the shares changed hands. The Executive Board of Germanischer Lloyd has already approved the transfer of these registered shares.
The first of BC Ferries’ three new Super C-class vessels, Coastal Renaissance, was officially launched at a special ceremony in Germany. Representatives from BC Ferries and the shipyard were on hand to witness this major event as the ship was launched into the water for the first time. The Coastal Renaissance is scheduled to leave Germany for Canada in late October and is expected to be in service in early 2008. The second and third vessels will be arriving in B.C. in early and mid 2008
Thern, Inc. is expanding their catalog with the introduction of the new Thern Silver Line of products. The Thern Silver Line is launching with the new imported stainless steel TSSBW Series hand winch. Available in three models offering lifting load capacities of 600, 900 and 1300 lbs, the new TSSBW Series hand winch is fabricated of 304 grade stainless steel and features solid steel machine cut gears, gear covers and automatic brakes
Subsea 7 S.A. announce a contract award by Pemex to its Mexican joint venture valued at approximately US$90-million. The contract comprises the engineering, fabrication and installation of an 8km pipeline, related risers, two slug catchers (a slug catcher is a storage vessel used to separate oil
JonRie InterTech was commissioned for the supply of deck equipment for the new ASD Aura from Great Lakes Shipyard, Cleveland, Ohio. The new Tug is a Jensen designed ASD 4650 HP complete with a JonRie Series 220 Double Drum hawser winch on the bow with a capacity of 150M of 60 mm line
The Seattle Propeller Club announced the winner of the 2013 Puget Sound Maritime Achievement Award as Captain John Veentjer, Puget Sound Marine Exchange Executive Director, aboard Princess Cruises cruise vessel Sapphire Princess while berthed on Pier 66 at the Port of Seattle’s Bell Street
After teaching electrical safety for many years, one tends to understand the regulations, and the standards more than the average safety professional. We live them most every day. We also understand what regulations and standards apply to shipyard employment and what regulations and
Coursemaster Autopilots, the Australian distributor of KVH Satellite TV and Communications systems, will release the TracPhone V7IP antenna system with mini-VSAT Broadband Service to the Australian market at SCIBS, which runs from May 23-26.
CMA CGM Marco Polo's sistership, enters CMA CGM’s Asia - Europe Trade. The CMA CGM Group announced that the CMA CGM Alexander Von Humboldt, second of the world's largest and state of the art containership’s series, begins its first voyage today, Friday
The lift gate of ship assembly hall 290 at the Volkswerft shipyard in Stralsund (Germany) opened for the roll-out of the first of two RoRo special ships for the Danish shipping company DFDS. The construction phase “ship hull assembly” of the new vessel with the shipyard job number 500
Improved performance, efficiency and sustainability all figure strongly in the new solutions that GE’s Power Conversion business is unveiling at OTC 2013, the Offshore Technology Conference taking place in Houston, Texas, on May 6-9.
Luncheon speakers at the Houston event will show attendees how they can drive valuable performance improvements at waterborne terminals. PortVision, a provider of business intelligence solutions for the maritime industry, will host its second complimentary educational luncheon for marine
The Board of Directors of leading US carrier in the Pacific, Matson Inc., declares its second quarter cash dividend of $0.15 per share. "I am pleased to announce that our Board of Directors have authorized our second quarter 2013 dividend," said Matt Cox
The Peene shipyard in Germany successfully completed a new series that was part of an order obtained during insolvency. The coast guard vessel (Kustbevakningen Vessel) KBV 034 was handed over to the Swedish Coast Guard, with a reflagging ceremony at dock 2 of the Peene shipyard in Wolgast
Nass Marine Services, a marine division of the Nass Group, handed over a competed project that involved the fabrication of a new deck cargo barge to Ocean Diving & Marine Services that is owned and operated by Mr. Samir Engineer in the Kingdom.
The National Shipping Company of Saudi Arabia (Bahri) receive the 'Bahri Hofuf' from the South Korean shipyard Hyundai Mipo. The new 26,000 dwt general cargo ship is the second vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011 for a total value
Hyundai Heavy Industries (HHI) announced the Company won a $700 million order for five 18,400 TEU containerships from China Shipping Container Lines (Hong Kong) Co., Ltd. The world’s largest containerships will feature an electronically-controlled main engine and two EcoBallast seawater
Aker Solutions' subsidiary, Managed Pressure Operations, won a prize for its riser safety system at the Offshore Technology Conference in Houston. The Aker Solutions unit won the Woelfel Best Mechanical Engineering Achievement Award for its Riser Safety System (RSS).