Company News

The latest news from companies at Pages.

Carnival expects earnings cuts
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) expects the revised impact from the prolonged conflicts in the Middle East and North Africa region, as well as the earthquake and nuclear disaster in Japan, which combined resulted in over 300 deployment changes, will cost the company an additional $0.15 per share for the second half of 2011, MarineLog reported. In addition, the increases in fuel prices net of currency exchange rates will cost the company approximately $0.05 per share in the second half of the year.

Carnival orders largest ship for P&O at Fincantieri
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that it has contracted with Italian shipbuilder Fincantieri to construct a 141,000-ton cruise ship for its P&O Cruises brand scheduled to enter service in March 2015. The as-yet-unnamed 3,611-passenger vessel will be the largest in the P&O Cruises fleet, as well as the largest cruise ship built specifically for the British market. Read more:

1,549 days ago by arnekiel

Smit to build 5,000tons sheerleg - first in 30 years
Netherlands-based offshore lifting and salvage specialist Smit will order its first new heavy lift sheerleg vessel in more than 30 years. The 5,000 tonne capacity Asian Hercules III will be owned and operated by Asian Lift, a Smit joint venture with Keppel. Principal target markets are offshore oil and gas and marine project contracting in South East Asia. It will also be available for work worldwide.

SHI wins $3 billion ship order from Shell Development (Australia)
South Korea's Samsung Heavy Industries said on Tuesday that it had won a 3.28 trillion Korean won ($3 billion)ship order from Shell Development (Australia) Pty Ltd. The contract for a LNG floating production storage and offloading vessel (FPSO) expires September 30, 2016, Samsung said in a regulatory filing

1,552 days ago by arnekiel

Sale of TUI's stake in Hapag-Lloyd delayed
The sale of TUI's stake in Hapag-Lloyd is delayed as bidders take extra time to go through the books at the container shipping group, according two people familiar with the matter who were quoted by Reuters. The due diligence will take some additional weeks, a source close to Hapag Lloyd's owners said, adding that bids from Oman's Onyx Investments and China's fourth-largest airline group HNA were expected by end of July. TUI said in April that it expected the sale to take place by the end of May.

1,554 days ago by arnekiel

Beluga Shipping starts over with new name: Hansa Heavy Lift
Beluga Shipping, the German shipping line which collapsed earlier in the year, is to start over afresh under new ownership and a new name, Hansa Heavy Lift, insolvency administrator Edgar Groenda said Monday in Bremen.

Lürssen launches 62-meter "Lady Kathryn V" superyacht
The latest in a line of 60-meter superyachts has been launched by German superyacht builder Lurssen. She is the 62-meter successor, the "Lady Kathryn V" built for an experienced owner. In build she was known as Project "Coco" with project management by Moran Ship & Yacht. She was constructed in steel and aluminum, standing out at just over 200-feet long. Not surprising her naval architecture is in-house by Lurssen. The design comes by Espen Oenio and interior styling and design by Adam Lay Studios.

Order landed to build at least 2 LNG carriers for Awilco
South Korea's Daewoo Shipbuilding & Marine Engineering to build at least two and up to four LNG carriers for Norway's Awilco LNG, the South Korean shipbuilder said on Thursday. An industry source said each vessel was worth an estimated $200 million, Reuters reports.

1,555 days ago by arnekiel

CMA CGM to expand capacity of 3 boxships to 16,000 TEU
CMA CGM will enlarge the capacity of three ships on order from 13,800 20-foot equivalent units to 16,000 TEUs, the company said, the Journal of Commerce reported. CMA-CGM also might order vessels up to 18,000 TEUs, said Jacques Saade, the French ocean carrier’s chief executive. The 16,000 TEUs ships will be second largest afloat after the 10 18,000 TEUs vessels ordered by Maersk Line earlier in the year.

1,557 days ago by arnekiel

Wärtsilä to supply liquid bio-fuel powered engines for new Finnish cargo vessel
Wärtsilä, the marine industry's leading solutions provider and systems integrator, has been contracted by the STX Finland shipyard in Turku, Finland, to supply the main engines for a new multi-purpose cargo vessel. STX Finland is part of the international STX Europe Group. The ship is being built for Meriaura Ltd., a Finland-based provider of sea transport services for industrial products and general cargo. The onboard fuel system is prepared for regular operation with LBF, and the sea acceptance trials for the owner are to be conducted using liquid bio-fuel. The new vessel, the 'Aura II', is a deck carrier scheduled to be delivered in spring 2012. This will be the first installation ever where a European commercial shipping operation is going to permanently use LBF as fuel.

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