Italian asset manager Azimut Holding SpA is seen posting a 2007 net profit of 90 mln eur, if markets appreciate by 10-15 pct this year, up from the 80 mln eur of net profit at the end of 2006, according to a survey in Sunday’s Il Sole 24 Ore.
Three people and a dog have been rescued from the sea off Devon after their speedboat started sinking. A rescue helicopter from Portland in Dorset was scrambled following a 999 call from a woman in a speedboat that was taking in water.
Six people have been rescued from their motor yacht that burst into flames two miles off the coast in West Sussex. Solent coastguard said the 35ft vessel had a full tank of fuel and had to be left to burn itself out in the water.
From a $1.5 million catamaran that can reach speeds up to 200 mph to a Porsche-designed luxury speedster, there is a lot to marvel at the boat show. The trend among center-console open fishermen is to grow larger and faster, but the new 39-foot SeaVee with quadruple 275-horsepower Mercury Verado eng
Plans to improve harbour facilities at an Isle of Man port have taken a step closer, the government says. Harbour users and other members of the Port St Mary community have formed a steering group to discuss opportunities for the development of the site.
The head of the Royal Navy has warned that the service needs another £1bn to meet future foreign policy demands. Admiral Sir Jonathon Band appealed for the cash – a third of the navy’s annual operating budget – to spend on new ships, at a journalists’ briefing.
Japan has rejected a plea by New Zealand to allow a Greenpeace vessel to tow its stricken whaling ship out of Antarctic waters. Officials said there was no threat of environmental damage from the Nisshin Maru, which has been disabled by fire, despite earlier fears of oil leakage.
HMS Cornwall has become the first British Naval Vessel to dock at a Naval base in Croatia. During her stay, the Type 22 frigate hosted a defence industry day.
Heavy marine engines are not only powerful, but also extremely loud, issuing vibrations which spread through the entire hull. Researchers at the Fraunhofer Institute for Structural Durability and System Reliability (LBF) in Darmstadt have found a way of blocking the sound immediately below the engin
New Zealand is urging Japan to allow a Greenpeace vessel to tow its stricken whaling ship out of Antarctic waters. New Zealand’s Conservation Minister Chris Carter said it is imperative the Nisshin Maru is moved to prevent any pollution of the pristine area.
The strong growth in the Maritime Industry makes it difficult for employers to find personnel. Navingo B.V. has organized a Maritime & Offshore Career Event. During this event all kind of companies that are active in the Maritime & Offshore industry introduce them selves as a potential employer. Mar
Aker Yards ASA reported an EBITDA of NOK 401 million for the fourth quarter of 2006, an increase of 15 percent compared with the fourth quarter of 2005. The EBITDA result for 2006 was NOK 1 443 million, up 40 percent from 2005. Earnings per share (EPS) were NOK 21.77 for the quarter, and NOK [&helli
A period of relative stability in the region’s ship repair industry is expected to continue at least for the next two years with a steady flow of Navy work, the director of fleet maintenance for Fleet Forces Command said Thursday.
Aker American Shipping ASA (AKASA) reports that the bond loan of up to NOK 700 million has been closed at the maximum level of NOK 700 million. Aker ASA, the biggest shareholder of Aker American Shipping with a 53.17% ownership share, subscribed for an amount of NOK 200 million.
