Newport News Second Quarter EPS Up
Newport News Shipbuilding (NNS) reported net earnings of $24 million, or $.074 per diluted share, for the second quarter of 2000. EBIT for the quarter was $54 million…
P&O, Festival Squash Consolidation Plans
Citing, among other factors, a lackluster market for cruise shares on the U.S. stock exchange, P&O said it and Festival Cruises decided not to pursue the merger…
MacGregor To Supply For RoRo Carrier
MacGregor is scheduled to retrofit three sets of flood control doors to a RoPax freight carrier constructed in 1990. The flood control barrier system from MacGregor…
Hvide Marine Certified For Safety
Hvide Marine's subsidiary, Hvide Marine Towing, has been granted certification in the American Waterways' Operators' (AWO) Responsible Carrier Program. RCP is a…
Kvaerner Group Ceases Sale Of Kvaerner Masa-Yards
The Kvaerner Group has decided to stop the progress of the present sale of Kvaerner Masa-Yards. While Kvaerner's long-term business strategy is to leave the shipbuilding industry…
Crowley Promotes Dugan To Manager Oil Transportation
Chris Dugan has been promoted to manager, Oil Transportation for Crowley Marine Services in Seattle. Dugan began his career with Crowley in early 1997 as manager of Customer Service in Long Beach…
Tanker Euphoria Drives Ratings Bump
The cyclical nature of the tanker market continues its trend upward, a development which has Lazard & Freres & Co. stamping both Nordic American Tankers (ASE: NAT) and Knightsbridge Tankers Ltd.
Global Marine Beats Estimates
Offshore oil and gas driller Global Marine Inc.'s second-quarter earnings were flat versus a year ago but surpassed Wall Street expectations as oil companies gradually…
Diamond Offshore Earnings Lower Than Expected
Diamond Offshore Drilling Inc.'s second-quarter earnings plunged 93 percent because strong oil prices have not yet fuelled recovery in its main area of operation: mid-depth offshore drilling markets.
Vessel Focus: Navy Boats
Halter Marine has answered the call from the Venezuelan Navy for a variety of patrol boats. The company recently delivered four 80 ft. (24.3 m) boats to the country's government…
Marine Diesel Propulsion: Where Less Is More
Alstom Diesel engines and its three well-regarded brands — Mirrlees Blackstone, Paxman and Ruston — were recently bought by MAN B&W. Several recent deals have confirmed…
Mack Powers Into Maritime Market
In the era of consolidation on the maritime diesel engine market, it is refreshing to report news of a new competitor. Mack Trucks - well known and regarded for the quality…
CadCam Report
The Peene-Werft in Wolgast, Germany, has chosen Nupas-Cadmatic software solution as their main CAD/CAE/CAM system. During an implementation project of about two months…
GOM: Number Of Floating Production Systems Projected To Rise
The Gulf of Mexico offshore market is quickly shaping up to be the driving maritime force of 2001 and beyond. While the market today is, and will always be, largely…
Station 12 Strives To Corner Satcom Market
The competitive satellite communications market has taken an additional step toward consolidation, with Station 12 — an independent operating business owned 65…
Gas Turbine v. Diesel Debate Heats Up With Delivery of New Millennium
Since Royal Caribbean decided to embrace the advanced marine propulsion technology inherent with gas turbines, power plants aboard cruise ships built and delivered…
Celebrity Links Its Past To Its Future With Millennium
Celebrity Cruise Lines experienced its own "Night At The Oscars" by literally rolling out the red carpet this past June for its inaugural christening ceremony of…
New & Notables
Derecktor Shipyards delivered its 299 ft. (91 m) high speed catamaran, Flying Cloud, to Woods Hole & Martha's Vineyard Steamship Authority. Completed one week ahead of schedule…
Ship Repair & Conversion Report
Subsequent to the departure of Holland America's Statendam in April, Cascade General took in Crystal Cruises' Crystal Harmony for a 10-day stopover in May. The 10…
Heightened Scrutiny On Ship Scrapping
Ever since two enterprising reporters for the Baltimore Sun decided, in 1997, to take a closer look at ship scrapping, first at a Baltimore shipyard dismantling a Navy ship…
