Current news
Hapag-Lylod  Generates  Positive result
  “We performed very well in a demanding market environment. Hapag-Lloyd's operating result is well above the industry average,” said Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd AG.Hapag-Lloyd generated an operating result (adjusted EBIT) of EUR 36.7 million in the third quarter 2011.This took the operating result for the first nine months of the current financial year to EUR 78.8 million. EBITDA came to approx. EUR 275 million in the first nine month of 2011. Expressed in US-Dollar revenue for the nine month period amounted to 6.33 billion USD which was around 3% higher than last year. In November, the financing and financial debt maturity structure was further optimised, so that Hapag-Lloyd has no elevated borrowing requirements until 2015. This puts Hapag-Lloyd in a strong position for the unchanged challenging market conditions.
Emsys Selected for 3 Rig Contracts
  W R Systems, Ltd (WRSystems) have been awarded a contract to supply its  laser-based Emsys Emissions Monitoring System (EMS) to a major offshore drilling contractor for three drilling ships/rigs located in the Gulf of Mexico. The EMS will be incorporated into the vessel’s proprietary data management technology, to provide compliance with each vessel’s EPA Air Permit requirements.
GPA : Engineering Idea into Reality
  In recent years, GPA has mostly been involved in the offshore market and established a position as one of the leading naval architecture firms for next-generation offshore support vessels with over 140 vessels in service or currently still under construction for various international owners.  With each of these designs, GPA strived to overcome several operational challenges resulting from vessel deployment in deeper waters and harsher environments as activities for oil exploration and production venture further from shore. These challenges include heightened environmental concerns, increased crew comfort and safety and improved fuel economy. GPA projects include five barges and two pusher tugs for the Panama Canal Authority, destined to support the expansion of the Panama Canal.Today, the company offers a complete range of naval architecture and marine engineering services, ranging from conceptual and preliminary design, bid packages and regulatory design, scientific/engineering analysis, feasibility studies, production engineering, construction management and owner representation, all of which are informed by and benefit from long-term relationships with clients.
Royal Caribbean Wins Marine Environment Protection Award
  At the North American Marine Environment Protection Association’s annual Awards dinner, Royal Caribbean Cruises, Ltd. (which includes Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises), the world’s second largest cruise company, was the recipient of NAMEPA’s 2011 Marine Environment Protection Award.  The award was presented following NAMEPA’s seminar on Corporate Risk Management, which focussed on the need of the maritime industry to evaluate risk in a challenging operating environment.