Conrad Industries 2013 Profit Slip Ameliorated by New Business
Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million. For the quarter ended December 31, 2013, Conrad had net income of $10.1 million and earnings per diluted share of $1.70 compared to net income of $8.0 million and earnings per diluted share of $1.33 during the fourth quarter of 2012.
GD Bath Iron Works Gets Navy DDG1000 Contract Modification
Amongst the latest listing of US Department of Defense, Navy, contracts, General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $24,374,445 modification to previously awarded fixed-price incentive contract (N00024-11-C-2306) to exercise an option for DDG 1000 class services. This contract modification provides additional class services associated with the detail design and construction of DDG 1000 class ships.
Swissco Steps Into Offshore Rig Chartering Business
Singapore based marine service provider for the offshore oil and gas industry, Swissco Holdings Limited, informs it has entered into a definitive Sale and Purchase Agreement for the S$285.0 million acquisition of Scott and English Energy Pte. Ltd. which will enable Swissco to move into the offshore rig chartering business. Swissco adds that the SPA was signed with Double Dragon Energy Holdings Limited for the acquisition of the entire issued and paid-up share capital in Scott and English.
Brazil Shipyard Delivers Second RAmparts Tugboat
Designers Robert Allan inform that Keppel Singmarine Brasil Ltda. (KSMB), of Navegantes, Brazil have recently completed the construction of the 24m LOA 'SMIT Pareci', the second of a series of six Robert Allan designed RAmparts 2500 tugs, for SMIT Rebocadores do Brasil (Rebras), of Rio de Janeiro. The designers explain that the RAmparts Class tugs are a series of proven, standardized Z-drive tug designs.
APL Logistics Named Carrier of the Year by Barilla Pasta
APL Logistics of Scottsdale, Arizona, provides over the road trucking and intermodal services for Barilla in the U.S. They explain that they achieved perfect scores in categories such as on-time pick-up and delivery and load completion, exceeding requirements and expectations set by Barilla. “It’s an honor to be recognized by Barilla America for the Carrier of the Year award as it is testament of APL Logistics’ capability in meeting supply chain demands of our customers…
Eastern Shipbuilding Get GLDD Dredger/Tug ATB Contract
Eastern Shipbuilding inform that Great Lakes Dredge & Dock Company, LLC (GLDD) has placed orders for construction of a 433’ Trailing Suction Hopper Dredge Barge and a 158’-4” 15,600 BHP, CPP Tug. Named the GLDD302 (ESG Hull 252), the ATB Tug detailed engineering is being performed by Ship’s Architect, Inc. and the GLDD151 (ESG Hull 253), the ATB Dredge Barge by Bay Engineering, Inc. Both are based upon an Ocean Tug & Barge Engineering, Inc. ATB design.
Paragon Shipping Gets US$120-Million Towards Ultramax Newbuildings
Greek drybulk cargo ship owner, Paragon Shipping, informs it has entered into a firm commitment with a European bank syndicate to partly finance up to 60 % of the market value of their two new Ultamax newbuilds due to be delivered in 2015. The new $120.0 million senior secured amortizing credit facility is with a syndicate of banks led by Nordea Bank Finland PLC. Paragon adds that the six-year facility…
CMA CGM Reports Solid Performance in 2013
The Board of Directors of France’s CMA CGM, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the year ended December 31, 2013. “In 2013, in a difficult market, we successfully reduced our costs while increasing our volumes carried much faster than the market, enabling us to report one of the industry’s best financial performances, “Saadé, said.
Several Cruise Voyages Altered by Houston Spill
The Federal Maritime Commission (FMC) issued a notice to cruise passengers affected by the Houston ship channel oil spill stating that several cruise voyages have been altered or rescheduled. Royal Caribbean International’s Navigator of the Seas seven-night Western Caribbean March 23 sailing was originally cancelled because of an oil spill in Houston harbor, but has decided to go ahead with a shortened four-night cruise.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
AMSA Calls Off Search for Missing Vessel
AMSA’s Rescue Coordination Centre (RCC Australia) said it has suspended the search for a 75-meter fishing support vessel after consulting expert medical advice indicating…
HEMPAGUARD: New Antifouling from Hempel
Hempel said its brand-new HEMPAGUARD, a ground-breaking hull coating concept, offers resistance to fouling during idle periods, significant fuel savings and trading flexibility.
Tanker Repels Attack in Strait of Hormuz
According to a report by GAC, mariners are advised that the master of the motor tanker Album reported being approached and fired upon by a skiff in position: Lat 26-24.4N…
Today in U.S. Naval History: March 31
Today in U.S. Naval History - March 31 1854 - Commodore Matthew Perry negotiates Treaty of Kanagawa to open trade between U.S. and Japan 1971 - Poseidon (C-3) missile becomes operational when USS James Madison began her third patrol carrying 16 tactical Poseidon missiles. 1992 - USS Missouri (BB-63), the last active American battleship is decommissioned. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Presentations Illustrate Dimensions of Accurate Marine Mapping
Two new products—the Ocean Dimensions animation and Crowded Ocean Spaces: A 3D View visualization—explain why two-dimensional marine maps cannot tell the whole story. Understanding this fact helps viewers gain a more accurate picture of marine-siting conflicts and compatibilities, including those related to offshore wind energy development. Traditional maps can give the false impression that the marine space is very crowded.
World’s Largest Reefer Ship at HAROPA-Port du Havre
On March 27 and 28, HAROPA-Port du Havre accommodated the Cap San Lorenzo, a container vessel of 9,600 TEU delivered by Hyundai to the German shipping company Hamburg-Süd. Being the fourth of a series of six vessels of the Cap San class, the Cap San Lorenzo has a reefer capacity of 2,100 plugs on board and 9,600 TEU, which makes that the vessels are the biggest refrigerated containerships in the world.
Harkand Charters Jones Act Vessel for Gulf of Mexico
Global inspection, repair and maintenance (IRM), survey and light construction contractor Harkand has entered into a charter agreement with Hornbeck Offshore for the offshore construction vessel HOS Mystique for a firm period of two years plus options. The 250ft (76.2m) DP2 vessel has a 70 MT AHC crane and will be outfitted with a Harkand Triton XLS ROV to support IRM and survey work in water depths up to 3,000m in the Gulf of Mexico.
Ulstein Enters Oceangoing Tug Market
Ulstein has sold design and equipment packages for four ocean going tugs to Niigata Shipbuilding & Repair in Japan. The vessels will be built for the Dutch company ALP Maritime Services. The vessels are primarily designed for towing of large structures over long distances. This is a new market for Ulstein and the contract represents so far the highest value in one single contract for Ulstein Design & Solutions.
Airbus Updates XChange Communications Platform
Airbus Defence and Space has launched XChange v3, the latest evolution of its XChange communications platform, which is set to further improve the flow of operational data between ship and shore through sophisticated voice and connectivity service management. XChange is an all-in-one solution to manage communications services in an easy and intuitive way. It gives more control with less operational overhead while on board administrative tasks can also be out-sourced to onshore offices.
Passage Planner Features Weather and Piracy Overlays
Scottish maritime software development company Jargoon has announced its product Seall Passage Planner has been added with additional features which further enhance the versatile passage planning tool. The newly added features are focused on providing additional navigational data and information to the mariner for securing safety at sea. They can be overlaid on ENCs along with other nautical information to aid the mariner in planning routes more efficiently.
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