Topaz Energy and Marine announced its audited financial results for 2009. Topaz posted revenue of $448 million, EBITDA of $ 127 million and Net Profit of $ 65 million demonstrating year on year growth of 7%, 14% and 38% respectively. The growth…
Carnival Cruise Lines has selected the Rolls-Royce propulsion system Promas Lite, combining propeller and rudder, for their cruise vessel Carnival Glory. Preliminary analysis of speed/power trials measurements indicates an increased propulsive efficiency improvement by 11-13 %…
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate…
The Merchant Maritime Warfare Centre (MMWC), a UK based maritime anti-piracy organization, is launching their latest countermeasure, the MMWC Propeller Arresters. This is a non-lethal countermeasure to protect vessels underway regardless of vessel type…
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate…
Rafael develops and manufactures advanced defense systems for the Israel Defense Forces and armed forces around the world, operating from a strong financial foundation resulting from exports to international markets. Rafael is the largest employer in Northern Israel…
2009 Highlights:- Voyage revenues of $444.9 million versus $623.0 million in 2008 - Income of $47.8 million (before vessel impairment charges of $19.1 million) versus $202.9 million (no impairment charge) in 2008 - EPS of $0.77 (diluted) ($1…
Marine Travelift, Inc. announced the promotion of Erich Pfeifer to Vice President of Business Development and Marketing. Pfeifer will be responsible for all industrial and government sales, as well as marine sales in the Americas. He will also…
Statoil's Board of Directors (OSE: STL, NYSE: STO) has decided to start a process to list its energy and retail business on the Oslo Stock Exchange. Further to the announcement made on the 3rd of February 2010, Statoil's Board of Directors has…
Accommodations specialist, HB Rentals, a Superior Energy Services company, will provide a two-building accommodations package for the Shenzi tension leg platform (TLP) in the Gulf of Mexico. The package will consist of two ABS- and USCG-compliant eight-man sleeper units with a…
Maritime Communications Partner (MCP), wireless communications provider to the cruise industry, announced that it has appointed Fred Sorensen as its new Managing Director for the Americas. He succeeds Steinar Stromsvag who has been in charge of MCP’s Miami office since 2005…
At a ceremony in Busan, Korea on 12 March, the chairman and CEO of the Korean Register – an IACS member classification society – together with over 300 VIP guests, formally broke the ground to start construction of KR’s new head office. As part of its continuing international development plans…
Polar Tankers Inc., a subsidiary of ConocoPhillips Co., has agreed to pay $588,000 to help compensate the public for environmental harm caused by the October 2004 crude oil spill into Puget Sound’s Dalco Passage near Tacoma. The payment…
1909- Stations Holly Beach, and Hereford Inlet, New Jersey: the schooner C.B. parted its chain while weighing anchor. She set a distress signal which was discovered by the lookouts at both stations. The surfboats proceeded to the scene and…
1945 - Carriers begin 3 month Okinawa Campaign by destroying aircraft on Kyushu, Japan1974 - Navy sent to sweep mines from Suez Canal(Source: Navy News Service)
