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Successful Year

AIDA Celebrates Record Year

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


SCA Announces New Chair/Vice Chair

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


Tanker Orders Flood in For Chartco

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


NOL Group Announces New Appointments

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 2008 Results

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


DT&F: Expanding New Yacht Construction Business in U.S.

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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


Noble Announces Fourth Successful Semi Conversion

Noble Drilling said its fourth successful EVA-4000 semisubmersible conversion, Noble Amos Runner, began drilling in the Gulf of Mexicofor its contractors - Kerr-McGee Corp., Marathon Oil and Murphy Exploration and Production Co. The semi, capable of drilling in water depths of 6,600 ft., underwent mooring sea trials before it began its five-year drilling project in the Gulf. Noble Drilling, also announced its second conversion, Noble Paul Wolff, drilled a well for Petroleo Brasiliero S.A


Detroit Diesel, Volvo Penta Collaboration Concludes

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


Wärtsilä's R&D Chief Paro Retires

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


Strategy Engineering Wins O&G Company Award

Photo: Strategy Engineering & Consulting

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


First Ship Plugged-In to New Port of Hueneme AMP System

Image credit Port of Hueneme

The Port informs that it has conducted its first operational and safety vessel test of its recently installed Auxiliary Maritime Power (AMP) system. Port crews were on hand to view this first vessel ‘plug in’ by Hamburg Sud’s 'M/V Cap Pasley'


Drydocks World to Build Jack-Up Drilling Rigs

Image Courtesy Drydocks World

Drydocks World, an international service provider to the maritime, oil and gas and energy sectors, announced it has signed an Agreement with Malta Oil & Gas Ltd. for building two unique new jack-up drilling rigs based on Gusto MSC CJ54-X135-A design


KVH Film Considered for Maritime Safety Award

Photo courtesy of KVH

“The Human Element,” produced by KVH Media Group under the TRAININGlink brand, is a finalist in the “Safety at Sea” category of the Seatrade Awards. KVH Industries, Inc., (Nasdaq: KVHI) is pleased to announce that its 2013 film “The Human Element” has been


Korean Ferry Sinking: Number Missing Increased Threefold

Wreck symbol: file image CCL

More than 300 people were missing after a ferry sank off South Korea, the coastguard said on Wednesday, with a three-fold increase in the number of passengers unaccounted for put down to a miscalculation by officials. The ferry was carrying 477 people, of whom 164 were confirmed rescued


Bollinger Delivers 9th USCG Fast Response Cutter

USCGC Kathleen Moore (Photo: Bollinger)

Bollinger Shipyards, Inc. has delivered the Kathleen Moore, the ninth Fast Response Cutter (FRC) to the United States Coast Guard. Bollinger President, Chris Bollinger announced the successful delivery of the USCGC Kathleen Moore to the 7th Coast Guard District in Key West, Fla


Brazil Shipyard Delivers Second RAmparts Tugboat

Tug SMIT Pareci: Photo Robert Allan

Designers Robert Allan inform that Keppel Singmarine Brasil Ltda. (KSMB), of Navegantes, Brazil have recently completed the construction of the 24m LOA 'SMIT Pareci', the second of a series of six Robert Allan designed RAmparts 2500 tugs, for SMIT Rebocadores do Brasil (Rebras), of Rio de Janeiro


NCS Survey Hires Goldsworthy

Simon Goldsworthy

NCS Survey, an Acteon company, has appointed Simon Goldsworthy as business development manager in its Aberdeen office. Goldsworthy will be responsible for building relationships with existing and potential clients and growing NCS Survey’s presence in the offshore industry globally


Shaw Joins Capilano Maritime Design

John Shaw

Capilano Maritime Design Ltd., a naval architecture design firm based in North Vancouver, BC, Canada, announced that John Shaw has joined the firm as Manager of Engineering. For the last six years, John was employed at Seaspan Shipyards where he played a role in the shipyard’s successful


Houlder Attracting Houston’s Offshore Engineering Talent

Garry Kennie

U.K.-based engineering group Houlder has launched a new venture to support clients headquartered in the United States following an increasing number of successful global projects for oil majors, operators and service providers. Houlder Americas Inc


WFW Advises FPSO Joint Venture Debt Financing

International law firm Watson, Farley & Williams Asia Practice LLP (WFW) said it advised a joint venture involving M3nergy and PT Transamudra as sponsors on a $182 million term facility and $38.4 million guarantee facility. The funds will finance the floating production


GTT Training Center Announces First Course

GTT Training Center announces that registration is now open for the first training course to be run at the new center which will take place on June 23, 2014.  The course will be a LNG Cargo Operations Course for ships officers and will take place at its facilities in


IHC Merwede Reveals Healthy Orderbook

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IHC Merwede successfully increased its orderbook in 2013 across the main sectors of its business: offshore and dredging. The company received almost € 1.8 billion worth of new orders in the past year. At the end of 2013, the order book was valued at over € 1


Wärtsilä enters Paraguayan Inland Market

Signing ceremony between Wärtsilä and Shipyard SA. Sitting from right to left: Guillermo Ehreke, GM and owner of Naviera Yeruti and Shipyard SA; Piotr Kabacinski, GM Sales, Americas, Wärtsilä Ship Power. Standing from right to left: Eduardo Masciottra, Warag SRL, Wärtsilä agent, Buenos Aires; Jorge de la Guardia, GM and owner of Naviera Yeruti and Shipyard SA; Joe Amyot, Area Sales Director, Wärtsilä Ship Power.

A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution.   The vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti


Private Equity Boosts Liberia Shipping Market

Scott Bergeron

The Liberian Registry says the entry of private equity funding into the ship finance market is helping to sustain its continued growth. Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian registry, said


EMAS Awarded Gunflint GoM Project

EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that it has received a Letter of Agreement (LOA) from Noble Energy for the Gunflint Project in the Gulf of Mexico (GoM).


 
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