Keymar Goes Into Drydock

Thursday, March 20, 2003
Stelmar Shipping announced that the Keymar, a 1993 built double-hull Aframax tanker, has gone into drydock and is expected to return to service by late August 2003. The Keymar ran aground on February 1, 2003 off the coast of Algeria during a severe storm. There were no injuries to any crew members, nor was there any pollution as the vessel was not carrying any cargo at the time of the grounding. Peter Goodfellow, CEO and president of Stelmar Shipping, commented, “The impact on earnings per share during the repair period is estimated to be roughly $0.20, out of which $0.06, $0.08 and $0.06 will be reflected in the first, second and third quarters respectively. The $0.06 impact, for the first quarter, will be offset by higher rates achieved from the portion of our Handymax fleet currently trading in the spot market, due to the significantly improved market conditions. Stelmar looks forward to having the Keymar return to operations and remains committed to adhering to the highest safety and environmental standards.”
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Jet Edge Celebrates 30 Years in Waterjet Industry

Waterjet systems manufacturer Jet Edge, Inc. celebrated its 30th anniversary Sept. 3 with a special open house celebration. Jet Edge’s anniversary event included

3D Scanning Speeds Up Drag Boat Racing

NVision, Inc., a company in 3D laser scanning and reverse engineering for over 24 years, said it was able to help a motorsports boat designer optimize the design

Cook Joins Horizon Shipbuilding as Operations VP

Horizon Shipbuilding, Inc. announced that Mickey Cook has joined the corporation as the Vice President of Operations for the Bayou La Batre shipyard. Cook, one of the founders of C & G Boatworks,

Cruise Ship Trends

Steel Cut for Third RCI Quantum-class Cruise Ship

The steel cutting for 'Ovation of the Seas', scheduled to be delivered in the autumn of 2016, took place at the Meyer Werft shipyard in Papenburg, Germany, where 'Quantum of the Seas',

Holland America Line's New Ship is ms Koningsdam

Holland America Line revealed the name of its new 99,500-ton cruise ship slated for delivery in February 2016 will be ms Koningsdam. While the name pays homage

L-3 MSI to Equip Third Quantum Class Ship

L-3 Marine Systems International (L-3 MSI) announced today that it has been awarded a contract to provide a range of navigation, lighting and communication systems

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1031 sec (10 req/sec)