Olympia Explorer Continues Voyage

Thursday, December 18, 2003
Responding to a published report that their vessel Olympia Explorer was ordered by the court in Honolulu to remain in Hawaiian waters, Royal Olympic Cruise Lines Inc. announced that a temporary restraining order that had been issued by the U.S. Bankruptcy Court at 1 p.m. Wednesday, December 17, was rescinded two hours later. The vessel sailed from Honolulu the same day and is presently continuing the performance of its scheduled cruise among the Hawaiian islands and its voyage to San Diego and Los Angeles. The vessel Olympia Voyager, which also is subject to the Chapter 11 reorganization proceeding pending in Honolulu, sailed from Fort Lauderdale, Fla. on Wednesday night on its next scheduled voyage.

Finance

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

Marine Power

Global Climate Change Threatens Papahānaumokuākea Marine

Despite its remote location in the Northwestern Hawaiian Islands, Papahānaumokuākea Marine National Monument faces a looming threat of global climate change that

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

SCHOTTEL’s LEACON Certified Leak-free

Following a technical update, the SCHOTTEL LEACON system has now been certified by classification society DNV-GL as a leak-free sealing system for the oil-to-sea interface.

 
 
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