AIDA Cruises achieved an exceptional increase in its annual results for the business year 2005. With a turnover of € 375 million and a total of 233,000 passengers, AIDA Cruises has had its most successful year since the company was founded. Around 10% more guests spent their holiday on board an AIDA Club Ship than in the previous year 2004. Sales also rose from € 370 million to € 375 million. The increase in turnover is lower than that for passenger numbers on account of a considerable reduction in flight volumes. AIDA Cruises has initiated a number of major investment projects during the last financial year with, for example, three new AIDA vessels being built at the Meyer Shipyard in Papenburg at a cost of € 945 million. The steelwork has already commenced in October of this year and the first ship will be laid down in March 2006. The new AIDA vessels will be delivered in the spring of 2007, 2008 and 2009, ensuring an 80% expansion in the capacity of the AIDA fleet by the year 2009. With its four AIDA Club Ships and total capacity of 5,400 beds, AIDA Cruises is the undisputed market leader for sea cruises in Germany. The rapidly growing company, which is part of the Carnival Group and based in the Baltic city of Rostock, currently has 2,400 employees from 25 different countries. The workforce will increase to around 4,000 by 2009
The Shipbuilders Council of America (SCA) announced that Herschel Vinyard, vice president at Atlantic Marine Holding Company, has been elected its new chair. Mr. Vinyard takes the leadership role of the Council after two successful years that saw increased membership and an expansion of services provided by the SCA under the chairmanship of Steve Welch, CEO and President of Todd Pacific Shipyards. Chris Bollinger, executive vice president of Bollinger Shipyards
Move is part of APL and APL Logistics growth strategy in region , 2 April 2008: Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) has announced a series of key appointments in the fast-growing region. The new Vice-President for the region is Gene Seroka. He is responsible for the overall management of NOL’s APL, APL Terminals and APL Logistics businesses throughout the Middle East from the Group’s regional HQ in .
Conrad Industries, Inc. (Pink Sheets: CNRD) announced its fourth quarter and twelve months 2008 results. For the quarter ended December 31, 2008, Conrad had net income of $7.1m and earnings per diluted share of $1.09 compared to net income of $6.3m and earnings per diluted share of $0.86 during the fourth quarter of 2007. The Company had net income of $23m and earnings per diluted share of $3.29 for the twelve months ended December 31, 2008 compared to net income of $19
Following its assessment of activity at this year’s Monaco Yacht Show, Dwight Tracy & Friends Yacht Sales announced expansion of its program for representing new construction shipyards, both in the U.S. and Europe. According to DT&F founder and CEO Dwight Tracy, “The current strength of the euro against the U.S. dollar, and the current situation in our domestic new yacht market, makes this a time of opportunity for European yacht buyers in search of first-quality
Strategy Engineering & Consulting, LLC announce that it was named the winner of the Oil and Gas Awards Engineering Company of the Year for the Gulf Coast Region in 2012, announced Strategy President Chris Morris. “The Engineering Company of the Year award recognizes engineering excellence and achievements within the oil and gas industry in the Gulf Coast region," Morris said. "This award acknowledges engineering companies that demonstrate completed projects that display
Detroit Diesel Corporation (DDC) and Volvo Penta of the Americas (VPA) have announced a mutual agreement to conclude their successful four-year collaboration which provided Detroit Diesel distribution rights for Compact and 6-16 liter inboard diesel engines and parts in North America. Effective February 1, 1999, Compact diesel inboard engines from 10-102 hp as well as 6-16 liter diesel inboard engines from 318-770 horsepower were transitioned back to VPA for engine, parts, sales, distribution
ChartCo, has taken more orders for its ChartManager service from tow major tanker fleet owners. Greek company Avin International is the third major Greek shipping company, to sign up as a ChartCo customer while ChevronTexaco Shipping Company has signed up to ChartCo’s service following successful trials on two of its vessels. Avin International, a tanker operator active in the shipment of crude oil and petroleum products
Senior Vice President Daniel Paro (60), who has played a decisive role in the development of Wärtsilä's current engine portfolio, retires on March 1, 2006. Paro was head of the Research Center in Vaasa and also Wärtsilä's entire engine development activities in the 1980s and 1990s, the period during which current successful products like the Wärtsilä 32 and Wärtsilä 46 were developed. Additionally, he has had a decisive impact on the introduction of gas and common-rail technologies in
McMoRan Exploration Co. has completed a successful production test at its Flatrock discovery located in the South Marsh Island section of the Gulf of Mexico. According to the company, the production test found a gross flow rate of about 71 million cubic feet of natural gas per day. Production is expected to begin at the well by the end of the year.
The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award. This is the first time the same company has won awards in the same year
Northwest Indiana celebrates opening of gateway to global markets The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals the official opening of the port’s international shipping season. Port officials welcomed 2015's first ocean vessel on
IRClass, the Leading Ship Classification Society has hired 17 of the brightest and best Naval Architecture students from the elite technical institutes of India. IRClass celebrates its 40th Anniversary this year. In keeping with the philosophy of acquiring the brightest
GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems, announced today the successful recovery of a stolen vessel in the Bahamas.
The U.S. Navy has issued a Lockheed Martin-led industry team a contract modification for one fully funded 2015 Littoral Combat Ship (LCS) valued at $362 million, along with $79 million in advanced procurement funding for a second ship. The balance of the second ship will be funded by Dec. 31, 2015
The 2nd Annual Wargame Planning Session is being conducted by the Naval Postgraduate School’s (NPS) Littoral Operations Center (LOC) in Monterey, Calif., on April 23, 2015; followed by a Surface Warfare - Littoral Combat Innovation Workshop on April 25, 2015.
The fifth National Security Cutter, James, completed builder’s trials in Pascagoula, Mississippi, marking the next step in preparing the cutter for delivery to the U.S. Coast Guard (USCG). "James’ successful completion of builder's trials means it’s one step closer
Crowley Maritime Corp.’s Houston-based subsidiary TITAN Salvage and Italian engineering partner Micoperi were honored with the International Salvage Union (ISU) Meritorious Service Award during the organization’s Associate Members’ Day Conference in London
ICTSI Oregon, Inc. is very disappointed to hear the news of Hapag-Lloyd's decision to cease its direct MPS service calling Portland. Hapag-Lloyd has been very supportive and loyal to the Portland market. Coupled with Hanjin's recent announcement to leave Portland and discontinue its Asia
Woodside advises that the Pyxis-1 exploration well in production licence WA-34-L has intersected approximately 18.5 metres of net gas within the Jurassic sandstone target. The well reached a total depth of 3347 metres. Wireline logging has confirmed the discovery through the recovery of
Drydocks World informs it has completed a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna. Drydocks World’s rig services and offshore project management methodology turned around the major repair on Rig Beynouna ahead of schedule
Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses. Currently Milaha operates two chemical tankers and UACC has
Dennis de Bruin, Marine Director at BMT Surveys, describes what a surveyor can do to turn an apparent total loss of high quality fuel into the acceptance of a sound product. Shipping is a global business and the obstacles and challenges faced are often demanding
Murmansk Governor Marina Kovtun, at the first meeting of the State Commission for the development of the Arctic has proposed a change to the system of energy pricing for the Murmansk region and zoning of marine areas. The authorities of the Murmansk region linked the successful
Ancasta International Boat Sales is in the process of launching the Prestige 680, the newest luxury motor yacht from Prestige, which will have its world premiere at Cannes in September 2015. A 21m flybridge cruiser, the Prestige 680 boasts all the key features that have made the