Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Norwegian Crown News

03 Mar 2022

Subsea 7 Rises on Improved Outlook, Cash Dividend

File Photo - Credit: Subsea 7

Engineering firm, a major supplier to the oil industry, has decided to pay a regular dividend and buy back stock as it swung to a full-year profit in 2021 and its outlook improved, the company said on Thursday.Subsea 7 said it "firmly" believed that the market recovery was underway based on increased interest from its customers and it now expects its 2022 earnings to be "in line or better" than last year.Its Oslo-listed shares rose 6.5% by 1019 GMT, on track for their biggest daily gains in some 18 months, following the release of its October-December and full-year earnings.Analysts said the s

07 Aug 2018

Fred. Olsen Energy edges closer to financial restructuring

Norwegian drillship and rig operator Fred. Olsen Energy, owner of the yard that built the RMS Titanic, is considering a debt and equity restructuring that would almost wipe out the value of its current shares, the company said.With debt and liabilities of more than $840 million at the end of June, Fred. Olsen last month stopped paying its creditors to preserve liquidity, making it the latest victim of a slow recovery in the oil and gas exploration sector.The owner of seven drillships and rigs, as well as Belfast's Harland & Wolff yard, has now received indicative, non-binding proposals from equity investors valuing its current shares and bonds at just $10 million…

10 Jul 2018

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23…

24 Sep 2012

Insights with an Kees Pilaar MD, Blohm + Voss

It could be argued that running an efficient, safe and profitable ship repair yard is one of the most difficult of all maritime jobs. First and foremost, unpredictability – in terms of planned and actual workload, as well as the very nature of the job themselves – is a recurring theme. Maintaining experienced staff in times good and bad; keeping ahead of evolving regulations, as they pertain to the local environment and the global ship market; and weathering the inevitable influx of cut-rate competition from emerging nations are but a sampling of the issues ship repair managers face every day.

12 Feb 2009

CG Reports No Pollution, Navy Ship Grounding

The guided-missile cruiser USS Port Royal (CG 73)

U.S. Coast Guard and State of Hawaii pollution investigators determined this morning there is no threat of marine pollution after a U.S. Navy ship was freed from a grounding site off Honolulu International Airport's reef runway. The USS Port Royal ran aground a half mile off the runway Feb. 5 and was pulled free by the Navy. A Coast Guard air crew aboard an HH-65 Dolphin helicopter was airborne for an investigation at sunrise. Coast Guard and state pollution investigators aboard the HH-65 reported a sheen of approximately one mile by 100 yards wide.

30 May 2006

NCL Corporation Sells Norwegian Crown

NCL Corporation announced last week that its parent company, Star Cruises, has agreed to sell Norwegian Crown to Fred. Olsen Cruise Lines Pte. Ltd., Singapore effective August 2006. Star Cruises will concurrently charter the vessel back from Fred. Olsen and NCL will continue her announced deployment through to November 2007. Norwegian Crown is presently owned by Star Cruises along with four other mid-sized vessels also operated by NCL and Orient Lines. These vessels are on inter-company charter between Star and NCL. Last week, NCL announced that Norwegian Wind will be transferred in late April 2007 to Star Cruises to become SuperStar Aquarius, based in Hong Kong.

08 Jun 2006

Cruise Ship Freed From Sandbar

According to reports, the cruise ship Norwegian Crown, with 1,104 passengers aboard, ran aground just off Bermuda on June 7, and after remaining stuck on a sandbar through the day, was pulled off by tugs during the evening high tide. The cruise ship's passengers and crew were at no time in any danger, according to Norwegian Cruise Lines, which said the ship tendered passengers ashore to Hamilton for local excursions. The 34,000-ton ship ran aground at about at the top of Dundonald Channel as it sailed from St. George's, Bermuda, to Hamilton in heavy rain. Three tugboats tried to set the Norwegian Crown free, and eventually postponed efforts due to high tide. After it was pulled free, the ship headed for Dockyard, skipping Hamilton as a port of call. Source: Cruise Ship Report

26 May 2006

Ganger Rolf Acquires Cruise Vessel

Fred. Olsen Cruise Lines Singapore which is 50 percent owned by each of Ganger Rolf ASA and Bonheur ASA, has entered into an agreement with a subsidiary of Star Cruises Ltd. to purchase the 1988 built 34242 grt. cruise vessel MV Norwegian Crown, with delivery late August 2006. The vessel will upon delivery be chartered back to the sellers for a 14 months' period until around 1 November 2007. The vessel will be re-named at re-delivery. commence operations for Fred. Olsen Cruise Lines in early 2008. Total project costs amount to about USD 130 million. Upon completion of this acquisistion Fred. Black Watch, MV Braemar and MV Boudicca.

31 Mar 2003

NCL Renovates Norwegian Crown

Norwegian Cruise Line (NCL) has changed the name of Crown Odyssey to Norwegian Crown during a multi-million dollar refurbishment to convert the ship into a Freestyle Cruising vessel. Norwegian Crown will enter into service under the NCL fleet this fall and begin sailing from Baltimore as part of the their Homeland Cruising program, also marking their first regular sailings from Baltimore.

02 Aug 1999

Orient Lines Doubles Capacity With Crown Odyssey

Specializing in destination cruises, Orient Lines will increase its passenger capacity by 131 percent, when the 1,050-passenger Crown Odyssey, (formerly Norwegian Cruise Line's Norwegian Crown) enters Orient's fleet in the Spring of 2000. Plans call for the new vessel to be deployed on the line's popular Greek Isles and Mediterranean itineraries from May through October, and will feature new destinations -- such as Tahiti and Hawaii, during the winter months. The addition of the Crown Odyssey will also expand Orient's presence in the Indian Ocean, Southeast Asia and the South Pacific. The stately Crown Odyssey, which sailed for three years as Norwegian Cruise Line's Norwegian Crown, was christened Crown Odyssey in 1988 by its original owners, the former Royal Cruise Line.

24 Jun 2003

Eighth Crewmember Succumbs to Norway Injuries

The eighth crewmember has died as a result of the accident onboard the S/S Norway on May 25, 2003. Forty-four year old chef, Rolando Tejero, had been in intensive care since the accident. He had worked for NCL for 20 years onboard various ships including Norwegian Majesty, Norwegian Dream, Star Odyssey, Norwegian Crown, Starward, Southward, Skyward and the S/S Norway. Rolando Tejero was from Manila, Philippines. Our deepest sympathy, thoughts and prayers are with Rolando’s family. Last week, the other five crewmembers who remained hospitalized were released. They are resting comfortably with family in Miami or at local hotels where they are receiving outpatient care.