Celebrity Cruises will devote a second ship to the Caribbean for the 2003 summer season to accommodate a continued demand for its Caribbean product. Century, currently sailing seven-night eastern and western Caribbean itineraries from Port Everglades, was originally scheduled to redeploy to Europe next summer, then resume her Caribbean sailings next Fall. Century now will sail the Caribbean year-round, joining sister-ship Galaxy. Celebrity will continue to operate two ships, Millennium and Constellation, next year in Europe. In addition, sister brand, Royal Caribbean International, will sail three ships, Splendour of the Seas, Brilliance of the Seas, and Grandeur of the Seas, from European ports. By keeping Century in the Caribbean, Celebrity will cancel 17 of the ship's originally scheduled European sailings, a mix of seven, 10- and 11-night Mediterranean cruises from Rome or Barcelona and two transatlantic crossings.
The Secretary of the Navy recently presented the Energy Conservation (ENCON) award winners for FY2002 in ceremonies conducted at the Navy Memorial in Washington, DC. USS Essex (LHD 2) was among these prestigious award winners. These Navy and Marine Corps activities were singled out for executing comprehensive conservation programs based on senior-level command involvement, well-staffed and trained energy teams, aggressive awareness campaigns
Ship export contracts concluded by Japanese shipyards in March totaled 20 vessels, or 781,290 grt, an increase of 23.3 percent from a year earlier, an industry body said. A breakdown shows that there were orders for seven freighters, 11 bulk vessels and two oil tankers in March. For fiscal 1999 ended March, Japan received orders for 288 vessels, or 10.97 million grt, up 69.6 percent from the previous year.
The IMO’s Sub-Committee on Ship Design and Equipment (DE) is working on a mandatory Code for ships operating in Polar waters — widely known as the Polar Code, to supplement other regulatory instruments, including SOLAS and MARPOL. The Code will seek to address the specific risks relating to operations in Polar waters, taking into account the extreme environmental conditions and the remoteness of many locations.
Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 million Global container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million, a 75% improvement in the key profitability measure from a year ago. The Group posted a full year net loss of US$419 million, mainly due to a first quarter net loss (before non-recurring items) of US$255 million and one-time charges of
Blue skies and a cool breeze set the stage for a once-in-a-century event today: the 100th anniversary rededication of the opening of Houston's deep-water port. International Longshoremen's Association, Houston Pilots, U.S. Coast Guard, current and former Port Commissioners, industry stakeholders and others, attended the Houston Ship Channel Rededication at Brady's Landing overlooking the Houston Ship Channel.
The U.S. Department of Justice issued a news release stating that, after pleading guilty, a shipping company has been sentenced to pay a criminal fine of $2.7m for violation of pollution and safety laws and for making false statements. In addition, ships owned or managed by the company will be prohibited from entering U.S. ports for three years. The court awarded $540,000 to nine former crew members who extensively cooperated in the investigation
2012 presented a number of interesting challenges for the Transas ship modeling and hydrodynamics department, not least of which was the high fidelity modeling of more than ten vessels successfully completed for various high-profile members of the global Cruise Industry. The year began with the development of several in-service vessels for the Resolve Maritime Academy, in support of their training programs for Royal Caribbean Cruises Ltd (RCCL)
In a letter to unit holders First Lease Ship Trust (FSL Trust) chairman Wong Meng Heng comments on the Trust's 2012 financial report: excerpts as follows: "The industry witnessed another dismal year as weakness in freight rates and asset values persisted in 2012. This resulted in a spate of defaults, restructurings and bankruptcies as shipping companies struggled with the poor market conditions. Unfortunately, FSL Trust was not spared from the unprecedented downturn.
Mitsubishi Heavy Industries, Ltd. (MHI) announce its (diminished on 2012) vessel construction figures during the calendar year 2013 as follows:
Navios Maritime Holdings, vertically integrated seaborne shipping and Logistics Company, slumped to a loss in the Q1 although the result beat by $0.10 per share the average estimate of analysts who had forecast red ink for the dry bulk company.
HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, reports Reuters. The city of Hamburg was willing to inject billions of euros in
The Shipping Corporation of India Ltd (SCI), India’s largest shipping company and a Government of India Public Sector Undertaking having reported losses for last three financial years has made a dramatic turnaround, reporting a net profit of Rs. 200
United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on navigation in polar waters become effective from 1 January 2017. The IMO has taken the very last step towards making the
China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them. CSD and Cosco’s bulk shipping division Cosco Bulk Shipping holds 49% and 51% equity
GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, says Reuters and local media reports.
IRClass, a leading Class Society in Asia has successfully completed 40 years in the service of Maritime industry. With the growth in India’s international trade, the country’s merchant fleet has expanded substantially from 1970s to now
More than 900 migrants were rescued in one day from three overcrowded boats en route to Europe from North Africa, an Italian coast guard official said on Thursday. One body was recovered. All the rescues were carried out on Wednesday, the official said
Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record and turning around its loss-making English Channel route. Earnings before interest, taxes
One of the world's oldest commissioned warships has entered dry dock for a planned multiyear restoration, the U.S. Navy reports. On May 19, USS Constitution eased into Dry Dock 1 at Charlestown Navy Yard Boston National Historical Park with the help and coordination of a large team of
E-navigation specialist NAVTOR has joined forces with Nautic AB, a provider of navigational equipment, charts and publications to the Swedish market, to launch NAVTOR NAUTIC AB. This jointly owned operation, based in Gothenburg, Sweden
Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition. Now entering its fourth year, SHIPPINGInsight is an annual maritime technology forum in North America that brings together shipping companies, classification societies
After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,000t), managed by NIOVIS SHIPPING COMPANY, which was built at Mitsui Engineering & Shipbuilding Co., Ltd
Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records 67.6%, up by 4.1 percentage improvement on the previous month in the aggregate reliability of ships on the main Asia-Europe, transpacific and transatlantic trades.
The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from EUR 6.4 billion in 2013 to EUR 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013. “Overall we see a nuanced picture, with ups and downs