Navigation Tower News

Qatar Navigation Q.S.C. announced today financial results for the three months ended March 31, 2011. • Operating revenues of QR 533 million vs. same period in 2010 of QR 431 million. This represents a 24% increase year over year. • Operating Profit of QR 157 million vs. same period in 2010 of QR 118 million. This represents a 33% increase year over year. • Net Profit of QR 262 million and QR 2.28 earnings per share, vs. same period in 2010 of QR 771 million and QR 6.73 per share.

Four Coast Guard Aids to Navigation Team Kodiak personnel completed a build of the 15-ft Coast Guard aid to navigation tower four miles south of Point Hope August 2, which is the only permanent Coast Guard aid to navigation tower north of the Arctic Circle. In January 2009, a waterways analysis and management review was conducted on the North Slope. The WAMS identified local interest to enhance safety for the subsistence users and value to maritime traffic in the area. The proposal to re-establish ATON in Point Hope was approved.