We herewith inform you that the net profit for 2006 will amount to approximately EUR 75 million. This is almost twice the net profit compared to the year 2005 (EUR 38.3 million). The expected net profit, which was announced on 26 October 2006, was estimated to be at least EUR 62 million.
A2SEA A/S has announced that it has acquired the Jumping Jack installation barge and related assets from Dutch offshore contractor Mammoet Van Oord B.V. for an undisclosed price.
Transas Norway AS and it’s Norwegian-based agent Oddstöl Electronic, has today been identified as the partnership which will supply and install Simplified Voyage Data Recorders (S-VDR) to Anders Utkilens Rederi based in Bergen, Norway.
A 2,000-year-old log boat discovered buried in mud is to be put on display after a 10-year restoration project. The Iron Age vessel was found in 1964 during dredging work in Poole Harbour and members of York Archaeological Trust restored the water-logged timber.
The UK’s highest court is expected to take up to five weeks to deliver a decision on a long-running fishing dispute between Guernsey and Jersey. The argument hinges on a decision by Guernsey to make non-local fishermen apply for licences to fish between the three and 12-mile limits of its waters.
Aker Philadelphia Shipyard has delivered the first vessel in an up to 16 ship order of product tankers as the 600-foot long MT46 Veteran Class Overseas Houston now becomes the first ship leased to subsidiaries of Overseas Shipholding Group, Inc. (OSG). Originally announced in April 2005 with a serie
Porsche Design Studios is bringing some Stuttgart style to the boating business with its first-ever seacraft (the waterlogged 928 in Risky Business doesn’t count). Set to debut at next week’s Miami Boat Show, the 28-foot-long high-speed cruiser is a collaboration with Florida-based upstart Fearless
Orkney has successfully led the way with the next generation of ship-to-ship operations. What is believed to have been the first ever commercial transfer of liquid natural gas (LNG) between two vessels has taken place in Scapa Flow.
Total announces the launch of a pilot CO2 capture and sequestration project in the Lacq basin in southwestern France. The project, which leverages a technique considered among the most promising in the fight against climate change, calls for up to 150,000 metric tons of CO2 to be injected into a dep
Mario Olivarez stood in the shadow of billionaire Larry Ellison’s $50 million super-yacht Ronin, ready to make history. Strapped to his chest was a tackle box-sized contraption with a dozen switches and a small computer screen. Nearby in a slip at Chula Vista’s Marine Group Boat Works, the yacht was
Aker American Shipping ASA and Overseas Shipholding Group, Inc. announced today that they have signed an agreement in principle pursuant to which Aker American Shipping subsidiary, Aker Philadelphia Shipyard, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fi
COSCO Corp (Singapore) Ltd said its 51 pct-owned unit COSCO Shipyard Group has won a 185.2 mln usd contract from Chinese-Polish Joint Stock Company (Chipolbrok) to build four heavy lift vessels.
American Commercial Lines Inc. (Nasdaq: ACLI) (“ACL” or the “Company”) announced today that the Company plans to increase wage rates for hourly production and maintenance employees at the Company’s Jeffersonville, Indiana manufacturing facility by an average of approximately 11% this year, including
Rescuers yesterday airlifted all 10 crew from a mining company ship after the vessel took on water and began to list in rough seas whipped up by a tropical cyclone off northern Australia. The MV Wunma, owned by Australia’s Zinifex Ltd, remained afloat in the Gulf of Carpentaria, about 80km north of
