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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

US Funding for Air Emissions/Alternative Energy Projects

The U.S. Maritime Administration (MARAD) announced that up to $1.3 million in Federal funding is now available through cooperative agreements for projects supporting

ERMA Bullish on Ballast Water Treatment

After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,

Conrad Announces Management Team Changes

Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer.   Johnny Conrad, President and Chief Executive Officer,

Cruise Ship Trends

Ostebo Chosen to Head CLIA

Thomas P. Ostebo will join Cruise Lines International Association (CLIA) as the organization’s new president and chief executive officer, effective July 6, 2015.

Norwegian Cruise Ship Ran Aground off Bermuda

The Norwegian Dawn cruise ship with more than 3,700 people on board ran aground in Bermuda after the vessel temporarily lost power.   Small boats, divers and

GAC Sets its Sights on UK Cruise Business

Cruise Manager appointed to coordinate integrated cruise support nationwide   GAC UK is boosting its services for the cruise industry with the appointment of Fergus Poole as Cruise Manager.

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1030 sec (10 req/sec)