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Royal Olympic

Royal Olympic Cruises Cancels Remainder Of Olympic Explorer's Summer Program

Royal Olympic Cruise Lines Inc.announced that it has regretfully been forced to cancel the cruises of its new vessel, Olympic Explorer, for the remainder of the summer season. Although it had been reported that the Company had hoped to commence cruises with the vessel on September 15, it has not been possible to finalize all the discussions with the Blohm+Voss shipyard to allow the necessary technical modifications to be completed by this date. Commenting on the cancellation, Yiannos Pantazis, Royal Olympic's CFO, stated: "It is a real disappointment to us that the ship will not be able to undertake any cruises during the summer season, but we hope to have the vessel ready to commence operations for the next season. The Company said that all passengers booked on Olympic Explorer from September 15 would be offered alternative cruises on other ships of the Company. - (Reuters)


Royal Olympic Considering Proposals

Royal Olympic Cruises Lines stated that a special committee of its outside directors has been considering proposals and alliances involving the company and/or its majority shareholder, ROC Holdings. Consisting of Bobby Melnick, Michael Jolliffe and Nicholas Pisaris, the committee is considering proposals such as a sale of a controlling interest in ROC Holdings that would not involve an offer to purchase the company's publicly held shares


Royal Olympic Cruises Files For Chapter 11 for Two Ship Owning Companies

Royal Olympic Cruise Lines, Inc., announced today that two out of its eight shipowning companies, Olympic World Cruises, Inc., the owner of the vessel Olympia Voyager, and Royal World Cruises, Inc. the owner of the vessel Olympia Explorer, have filed for reorganization under Chapter 11 of the United States bankruptcy code. The company has been in discussion with the lenders to these subsidiaries regarding a potential restructuring of $250


Olympia Explorer Christened in Piraeus

Royal Olympic Cruise Lines Inc. announced that its new cruise ship, Olympia Explorer, was christened at the Port of Piraeus on Friday, June 7, 2002. Vangelis Papathanassiou, the internationally renowned composer and 1982 Oscar winner for his film score for "Chariots of Fire," was the vessel's godfather, assisted by Katerina Potamianos and Marisa Loizou, the daughters of Andreas Potamianos and Costakis Loizou, Royal Olympic's two main shareholders


Royal Olympic Announces Third Quarter Results

Royal Olympic Cruise Lines Inc., reported that third quarter net revenues increased by 11.3 percent to $57.1 million compared to the same period last year. For the nine months ended August 31, 2001, revenues increased by 17.6 percent to $102.6 million compared to $87.3 million during the same period in 2000. The growth in revenues in the third quarter is attributable to an improved summer cruise season and the introduction of Seawing, which contributed $8 million.


Mechanical Problems, Late Deliveries Continue to Plague Industry

A stagnant economy, threat of overcapacity and canceled cruises due to repairs and late deliveries have conspired to slow the hyper-growth cruise industry has enjoyed for the past decade. Even last year's new Millennium, which burst onto the cruise scene with its new gas turbine propulsion, had its share of troubles. Despite unparalleled reassurance by Celebrity that Millennium's propulsion problem was remedied, Infinity, its sistership, which was delivered this past Spring


London Olympics – UK Warship Takes Station

Photo creditHMS Ocean: Photo credit Wiki CCL Graham Richardson

The Royal Navy's Assault Landing Ship, HMS Ocean, sails up the River Thames in preparation for forthcoming Olymics HMS Ocean will berth at Greenwich in east London where she will act as a launch pad for eight Lynx helicopters and a base for Royal Marine snipers in the the final phase of the exercise 'Olympic Guardian', which began earlier this week in Weymouth and in the airspace over the capital. During the Games the ship will also accommodate 300 military personnel who are providing


Kleven Delivers Construction Vessel to Olympic Shipping

Olympic Bibby (Photo courtesy of Kleven)

Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping.   The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea.    The naming ceremony was held in Olympic’s home harbor Fosnavåg April 9. The vessel is 87.5 m long and 19 m wide, making the entrance to the narrow harbor (22 m wide) a spectacular sight, the builder noted


Kleven Delivers to Olympic Shipping

Photo: Martin Hauge Nilsen

Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping. The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea.  The naming ceremony was held in Olympic’s home harbor Fosnavåg April 9. The vessel measures 87.5  x 19m, making the entrance to the narrow harbor (22m wide) a spectacular sight


Aker Yards to build PSV for Olympic

Aker Yards signed a contract worth approximately $22.8 million with Olympic Shipping to build a Platform Supply Vessel of the MT 6009 design. Delivery is scheduled for December 2006. "We are pleased to have received another newbuilding order from Olympic Shipping," said Roy Reite, in charge of Aker Yards' Offshore & Specialized Vessels business area. "This contract confirms our long and good relationship with Olympic Shipping


UK Partners to Launch Autonomous Vessels Testing Service

(Photo: BAE Systems)

The U.K.'s first maritime autonomous systems testing service is set to launch later this year.   BAE Systems said it has been awarded £457,000 (approximately $594,700) in grant funding from the Solent Local Enterprise Partnership (LEP) to design and deliver the U.K


Royal Caribbean to Install NavBox Across Entire Fleet

Photo: Royal Caribbean Cruise

Royal Caribbean Cruises Ltd (RCC) has signed a deal with NAVTOR to install the NavBox navigation solution across its entire corporate fleet of 49 vessels, in a deal which spans RCC's six different operating companies. E-navigation specialist NAVTOR launched NavBox in 2013


BIMCO Names Philip Tinsley as Head Of Maritime Security

Philip Tinsley. Photo: BIMCO

 BIMCO has appointed Philip Tinsley as its new Head of Maritime Security.  Tinsley joined the association in 2015 and assumes his new position after the sad and untimely death of his colleague, Giles Noakes, earlier this year.  


ABS Wins Royal Canadian Navy Service Contract

Photo: ABS

Canadian Department of National Defense selects ABS for classification and certification services for its entire non-combatant fleet.    ABS, a provider of classification and technical services to the marine and offshore industries


New Australian Navy Vessel Arrives in Home Port

Photo: Damen

Completing her maiden voyage, the Damen Multi-role Aviation Training Vessel (MATV) MV Sycamore arrived in Sydney harbor early on Monday morning. The 94-meter-long vessel is now less than a month away from deployment as a versatile multi-role vessel and helicopter training platform for the Royal


CTF 150 Makes Record Number of Drug Busts

Photo: United States Navy

 In a four-month span, Combined Task Force (CTF) 150 of the Bahrain-based Combined Maritime Forces has proven itself a formidable force against narcotics trafficking, with 10 drug seizures totaling over 3,300 kilograms of heroin, cocaine, cannabis resin and hashish since March.  


Ballarat Completes Multi-National Passage Exercise

HMAS Ballarat (centre) conducts a Passage Exercise in the South China Sea with Japanese Maritime Self Defense Force ships Izumo and Sazanami and the Royal Canadian ship HMCS Winnipeg. Photo: Royal Australian Navy

 Royal Australian Navy frigate HMAS Ballarat has completed a passage exercise with Japan Maritime Self-Defense Force, Royal Canadian Navy and United States Navy ships during her South East Asia deployment.  The exercise, conducted in the South China Sea from 8-10 June


US, Singapore, Thai Navies Complete CARAT

Photo: United States Navy

 Ships from the Republic of Singapore navy, Royal Thai navy and U.S. Navy completed a three-day multilateral Cooperation Afloat Readiness and Training (CARAT) exercise in the South China Sea May 12.   The three-day exercise included a broad spectrum of naval competencies and maritime


Royal Caribbean Will Return to New Orleans

Vision of the Seas (Photo: Royal Caribbean International)

Royal Caribbean International announced it will return to New Orleans with a seasonal home-based cruise ship in late 2018. The 915-foot Vision of the Seas will sail seven-night itineraries to destinations across the Bahamas and Yucatan Peninsula from the Port of New Orleans’ Julia Street


HMAS Ballarat Exercises with Canadian Navy

HMAS Ballarat in company with the Royal Canadian Navy ships HMCS Ottawa and Winnipeg conduct Officer of the Watch manoeuvres during HMAS Ballarats South East Asia Deployment. Photo: Royal Australian Navy.

 Royal Australian Navy Frigate HMAS Ballarat has completed a range of underway exercises with Royal Canadian Navy ships HMCS Ottawa and Winnipeg in the waters of South East Asia during Ballarat's South East Asia deployment.   The exercises


Chief of the Indian Naval Staff visits Malaysia

File Photo when Sunil Lanba, AVSM took charge of Vice Admiral. Photo: Indian Navy

 Admiral Sunil Lanba, PVSM, AVSM, ADC, Chairman Chiefs of Staff Committee (COSC) and Chief of the Naval Staff (CNS), Indian Navy is on a goodwill visit to Malaysia from 11 to 15 April 2017.    The visit is intended to consolidate and enhance bilateral maritime relations between


Carboline: 70 Years of Coatings and Linings

Coatings, linings and fireproofing company Carboline was founded by Stanley Lopata in St. Louis, Mo. in 1947 and has since gone on to become a global organization, now celebrating its 70th anniversary in 2017.   “We have achieved this milestone through the hard work and dedication of


Cristobal Colon Arrives in Sydney

ESPS Christobal Colon of the Spanish Amarda arrives in Sydney Harbour. The crew of ESPS Christobal Colon will be helping to train and familiarise crews of Australias Hobart Class Air Warfare Destroyers. Photo: Royal Australian Navy

 HMA Ships Darwin, Melbourne and Parramatta have escorted the Spanish Armada's Cristobal Colon into Sydney Harbour as part of her role in providing platform and familiarisation training to Australian personnel.   Over the next three months the ship will assist in enabling Australian


Post Appointed COO of Radio Holland

Maarten Post (Photo: Radio Holland Group)

Maarten Post has been appointed Chief Operating Officer (COO) and member of the General Management Team of the Radio Holland Group. He is responsible for the management of the global operations of the Radio Holland Group and further building the global service network.  


Royal Australian Navy Conscripts MAN

Photo courtesy of RAN

Navantia, the major Spanish shipbuilder, has chosen MAN main and GenSet engines to power two fleet-support-tanker newbuildings it is currently constructing for the Royal Australian Navy (RAN). Each vessel will feature 2 × MAN 18V 32/40 main engines and 4 × MAN 7L21/31 GenSets with






 
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