Topaz Announces $65M Profit for 2009
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 in these difficult times clearly demonstrates a resilience that sets Topaz apart from many of its peers. Topaz Energy and Marine is an oil & gas focused marine…
Rolls-Royce Promas Lite for Carnival Glory
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 %. The selection of the Promas Lite system came as a result of close cooperation between Carnival Cruise Lines and Rolls-Royce…
Bourbon 2009 Financial Results
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…
MMWC Propeller Arresters
The Merchant Maritime Warfare Centre (MMWC), a UK based maritime anti-piracy organization, is launching their latest countermeasure, the MMWC Propeller Arresters.
Bourbon 2009 Financial Results
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…
Record-Breaking Profits for Rafael in 2009
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, with more than 6,000 employees, contractors and service suppliers. 2009 produced a record-breaking year for Rafael, earning net profits of $112 million, mainly attributed to worldwide exports.
Tsakos Q4 & 2009 Results
- Sale of suezmax tanker with a gain of $5.1 million vs. - Sale of suezmax tanker with a gain of $5.1 million. Income for the year ended December 31, 2009 amounted…
Pfeifer VP of Business Dev, Marine Travelift
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…
Statoil Initial Public Offering
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…
HB Rentals Supplies Shenzi Platform
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.
Sorensen MCP Managing Director, Americas
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.
Korean Register Breaks Ground in Busan
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…
Polar Tankers to Pay $588K for 2004 Spill
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…
This Day in Coast Guard History – March 18
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.
This Day in Naval History – March 18
1945 - Carriers begin 3 month Okinawa Campaign by destroying aircraft on Kyushu, Japan 1974 - Navy sent to sweep mines from Suez Canal (Source: Navy News Service)
