Posts tagged with the keyword: ‘2011’
Karin Schepers A drunken master that had fallen asleep in the bridge is to blame for the August 2011 grounding of the Karin Schepers along the UK’s Cornish coast, according to an investigation by the Marine Accident Investigation Branch. The Karin Schepers, an Antigua-flagged 800 teu box ship with 13 crew on board, ran aground [...]
May 18, 2012 | Posted in
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Photo: Hurricanes Karl, Igor and Julia (from left to right on Sept. 16, 2010) were part of the onslaught of Atlantic storms during the 2010 season. Credit: NOAA NEW YORK (Dow Jones)–The 2011 Atlantic hurricane season is expected to produce above-average activity, a closely-watched forecast issued by Colorado State University said Wednesday. The forecasters said [...]
May 13, 2012 | Posted in
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Kim Caver is back at it again with the release of Jack Tar’s 2011 “Women Of Maritime” calendar, an annual favorite of the gCaptain forum.Besides being popular for obvious reasons the calendar sells because the profits go to a good cause, the production of the independentJack Tar Magazine. This calendar is being produced in limited [...]
May 11, 2012 | Posted in
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Tian Luhai is a COSCO-owned 174k DWT Capesize bulk carrier, image courtesy COSCO SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Friday it swung to a loss in 2011 because of a slowdown in international trade and higher fuel costs. The Beijing-based shipping company recorded a net loss for the 12 months ended Dec. 31 [...]
March 30, 2012 | Posted in
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CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but the French ocean carrier said cost savings and lower ship charter rates will return it to the black this year. Revenue was up 4 percent to $14.87 billion as traffic grew 11 percent against market [...]
March 27, 2012 | Posted in
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Image courtesy Cairn Energ LONDON (Dow Jones)–Cairn Energy PLC(CNE.LN) Tuesday shrugged off the disappointment of a $1.19 billion full-year loss, insisting that there were sufficient “transformational” opportunities in its oil exploration and development portfolio to support future profitability, even though the Edinburgh-based firm doesn’t plan to drill another Greenland well this year. “We do have [...]
March 20, 2012 | Posted in
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The Vectis Eagle was delivered by Yangzijiang Shipbuilding in early January, Image courtesy Carisbrooke Shipping SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a record year of earnings for the China-based shipbuilder. The company reported net profit of CNY1.04 billion for the three-months [...]
March 1, 2012 | Posted in
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Rising shipments of auto parts and recovering demand for furniture pushed U.S. containerized imports up 2.4 percent in December, capping a year in which volumes increased 3 percent. Decembers increase followed a 5.2 percent year-over gain in November. Imports in the fourth quarter increased 1.5 percent year-over-year. Eastbound trans-Pacific imports fell 0.9 percent in the [...]
February 15, 2012 | Posted in
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Houston, Texas Kirby Corporation (NYSE:KEX) has announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of $56.2 million, or $1.00 per share, compared with $31.6 million, or $.59 per share, for the 2010 fourth quarter. Consolidated revenues for the 2011 fourth quarter were a record $550.1 million compared with [...]
February 4, 2012 | Posted in
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Image courtesy ORACLE RACING – By Rich Madden On January 5, 2011, H.R. 3321 Americas Cup Act of 2011 was introduced in the first session of the 112th Congress. On the surface, this bill allows foreign flagged sailing yachts and support vessels to operate off the coast of California during the 34th Americas Cup. Due [...]
February 2, 2012 | Posted in
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