Norwegian Cruise Line Holdings Ltd swung to a quarterly loss on a $1.6 billion impairment charge as the COVID-19 pandemic brought the global cruise industry to a virtual standstill.Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries.
Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio said on Thursday.“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months
Norwegian Cruise Line Holdings Ltd on Monday withdrew its 2020 forecast and said it would cut spending by about $515 million, as it extends the suspension of its ships to June 30 amid the coronavirus pandemic.The outbreak has effectively shut down the entire cruise ship industry, and with most international travel halted
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119) to the U.S. Navy.Documents signed today mark the official transfer of custody of the ship from HII to the Navy. Delbert D. Black is scheduled to sail away from the Pascagoula, Miss. shipyard in August 2020.
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
Four passengers have died on board the MS Zaandam, a cruise ship currently off the coast of Panama with dozens of guests suffering from influenza-like symptoms, at least two of whom have coronavirus, the vessel's operator said on Friday.Zaandam had been on a South American cruise that departed Argentina on March 7 and had been scheduled to end in San Antonio, Chile on March 21.
Dredgers are expediting operations in New York to make way for the U.S. Navy hospital ship USNS Comfort, which will dock in the epicenter of America's COVID-19 outbreak to assist hospitals that become overrun by the pandemic.Dredging contractor Donjon Marine Co., Inc. was contacted last week and asked to begin dredging Manhattan Cruise Terminal’s Berth 4 in anticipation of the arrival of the ship
Master Marine, Inc. has delivered a second towboat for Osage Marine Services, Inc. The newly built M/V Frank Mellor, like its sister ship, is a 67’ x 28’ vessel designed by Entech Designs, LLC. All USCG certificates for their Sub M compliance have been obtained.The towboat is powered by a pair of Laborde Products, S6R2-Y3MPTAW Mitsubishi 803 HP Tier III diesel marine engines to be operated at 1
The future USS Delbert D. Black (DDG 119) completed builder’s trials February 22 after spending three days underway in the Gulf of Mexico, the U.S. Navy said. The trials were conducted by the shipbuilder, Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division.The ship was previously underway for Alpha trials in December, and will be underway again in March for acceptance trials
The U.S. Navy’s newest nuclear-powered aircraft carrier John F. Kennedy (CVN 79) was christened Saturday during a ceremony at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division.The second aircraft carrier in the Ford Class, John F. Kennedy (CVN 79) is also the second aircraft carrier built by Newport News Shipbuilding named for JFK.
PAO Sovcomflot (SCF Group), which serves the energy shipping and offshore services to the oil and gas industries, reported in the first half of 2019 revenues rose 16.6% ($828m vs. $710.1m), TCE revenue rose 19.1% ($609m vs. $511.3m) and EBITDA rose 42.4% ($381.2m vs. $267.7m) as compared to the first half of 2018.
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance