Vessels For Sale
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon. “Net income group share reached a satisfactory level compared with 2008, when capital gains on sales of vessels and sales on equity interests were recorded.” Revenue growth for the year reflected two contrasting changes: - The strong growth in Offshore Division revenues (+20.5%), helped in particular by favorable exchange rates. - The sharp decline in Bulk Division revenues, due to the change in charter rates. Excluding capital gains, gross operating income (EBITDA) reached €346.3 million for the year, i.e. an increase of 9.4% for the group. The EBITDA of the Offshore Division alone grew by €70.8 million i.e. plus 29.4%. Gross operating income (EBITDA) was nearly stable at €347.5 million after taking into account very high capital gains recorded in 2008. Operating income came to €213.1 million, down 10.9% compared with 2008 when the Bulk Division posted a historically high performance essentially attributable to capital gains on sales
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon
Chris Willman to Lead Sea Star Line’s National Sales Force. Sea Star Line, LLC has announced the promotion of Chris Willman to Director of National Field Sales. Chris joined Sea Star Line in March 2005 as an inside sales representative. Since then, Chris has held several key sales positions with his most recent role being sales manager for NVOCC & FAK accounts. “Chris’ sales experience in the Puerto Rico market
Preliminary results of the latest government sale of offshore oil and natural gas exploration acreage leases in the U.S. Gulf of Mexico show a decline in oil company interest in the properties, officials from the U.S. Mineral Management Service (MMS) said on Tuesday. The latest sale, the Western Gulf Lease Sale 174, received 177 bids from 37 companies on a total of 153 acreage tracts. Bids in the previous sale, held in March, resulted in 272 bids from 67 companies for 207 tracts.
Kelvin Hughes has expanded its international sales team to meet the growing interest in its range of hi-tech radar equipment for the commercial, military and leisure sectors. Ian Yuill has been appointed International Sales Manager and Peter Chahal and Wilko Smit have become Area Sales Managers. Yuill has a background in sales and marketing spanning over 25 years with companies such as Northern Foods, BT and BBL Medical
Maurice Zarmati has been named president and CEO of Costa Cruise Lines—North America. Zarmati, who is currently vice president of sales for Carnival Cruise Lines, will assume his new role beginning March 31, 2008. An accomplished sales executive, Zarmati has been with Carnival Cruise Lines since 1972, leading one of the largest and most successful sales teams in North America. In his new role as president and CEO of Costa Cruise Lines—North America
Philadelphia Gear Corporation announced the promotion of Scott Biddle, 36, to the newly created position of Northeast Regional Sales Manager. Biddle's new position includes management of sales growth throughout the eastern U.S. - an area already covered by himself, several Philadelphia Gear sales personnel, and three independent firms who represent Philadelphia Gear in their respective territories - along with the expansion of his own sales territory to include eastern Pennsylvania and
Southco, a supplier of marine access hardware, has recently promoted Mike Hottinger to Marine Sales Director of North America. Mike has been with Southco for 17 years in various sales and marketing roles and most recently performed as North American Sales Director for the Southco Diversified Markets Business Unit. Southco’s marine business has recently expanded with the acquisition of Mobella AB, a leading supplier and premier brand of marine locks, latches and accessories
Lang Manufacturing Company, cooking solutions provider, has appointed new sales managers for its national and international sales coverage. Kenneth Fader was named national accounts manager for the eastern region; Mark Pumphret as eastern regional sales manager, and Jon Walker as director of government contracts, marine & international sales.
Marine Products Corp. announce unaudited results for the quarter ended September 30, 2012. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers and Premiere Sport Yachts, and outboard sport fishing boats by Robalo.
Nordic American Tankers Limited inform that, in connection with its previous public offering of 8,125,000 common shares at a public offering price of $8.00 per share, the underwriters have exercised a portion of the option granted to them by the Company and will purchase an additional 1,018
Import volume at the nation’s major retail container ports is expected to grow 1.8% in December over the same month last year, and the year should end with an increase of 2.3% over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and
Farris Engineering, a business unit of Curtiss-Wright Flow Control, announced it has entered into an agreement with marine valve sales and service company JA Mood,. designating them as the Farris Engineering sales representative to the U.S. Navy and commercial marine markets.
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, announced that it has suspended purchases under its previously announced program of at the
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
Following another strong year for the company, President and CEO, Doyle Taylor, has promoted his Vice President of Sales, Allen Walker, to Vice President and General Manager of the Monico Monitoring, Inc. Taylor brought Walker on board in September of 2012 as Vice President of Sales to oversee
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Eastern Planning Area oil and gas lease sale 225 in New Orleans
Electro-Motive Diesel (EMD), part of Progress Rail Services Corporation, a Caterpillar company, announced MaK Asia will be adding the EMD 710 two-cycle engine to their marine sales portfolio. This expands MaK Asia’s engine offerings while providing EMD customers in Asia with a local support
MacGregor, part of Cargotec, is to deliver a package of three cranes to a new offshore accommodation & construction vessel being built at Chantier Davie Canada, with delivery scheduled for the end of Spring 2015. The vessel is the first in a series of dynamically positioned offshore
Following the signing of a memorandum of understanding (MOU) earlier this year, VEEM Ltd. has now agreed territories and principle responsibilities with the Italian marine equipment distributor SAIM Group. SAIM Group will be responsible for increasing awareness of the Australian engineering
Iran’s pledge to restrict nuclear work in return for loosened economic sanctions may have a limited effect on crude prices, report Bloomberg, citing analysts who regarded a 2.7 percent slump in Brent as a knee-jerk reaction. The six-month agreement
The Netherlands Ministry of Infrastructure and the Environment, Rijkswaterstaat (RWS), has chosen Kongsberg Norcontrol IT to deliver a state-of-the-art RADAR surveillance system for the Volkeraksluizen, Europe's largest and busiest inland lock complex.
Prices 8.13 Mln Public Share Sale at Discounted $8/Share Nordic American Tanker (NAT) opened this morning on the stock exchange down more than 10% (Down $0.85 to $8.025/share in late morning trading) after saying it has priced a 8.13 million public offering at $8 per share
Frydenbø Industri AS represents several brands and companies mainly within marine industry, - with central locations in Oslo, Bergen, Ålesund and Øksfjord. The name Frydenbø is a known brand in Norway with activities in three different areas; marine industry
Diesel engine distributor Mack Boring & Parts Co. celebrated the opening of their New Bedford, Mass. facility with a two-day open house. The event was capped with a ribbon cutting ceremony hosted by the New Bedford Area Chamber of Commerce.