Despite the less-than-stellar performance by the cruise industry during the last part of 2001, the industry more than had its fair share of newsmaking events — aside from the September 1 1 terrorist attacks — which ultimately exposed the fraility of this leisure sector.
Blount Marine Corporation, Warren, R.I., recently announced the delivery of the M/V Spirit of Boston to Holiday Cruise II, Inc., a subsidiary of Cruise International headquartered in Norfolk, Va. The 192-foot-long by 35-footwide dinner/excursion
It was little more than a year ago that Boyd E. (Butch) King. CEO. took the reigns at VT Halter Marine, a designer and builder of small to medium-sized ships with a varied and rich history. After 15 months on the job, Maritime Reporter caught up with Mr.
Milestone In Newport News Shipbuilding's 100th Anniversary Celebration The U.S. Navy's fifth nuclearpowered aircraft carrier, Theodore Roosevelt (CVN-71), came alive recently at the Newport News Shipbuilding yard, Newport News, Va., 16 months ahead of schedule and $80 million under budget.
The U.S. one-day market is one of the fastest growing segments of the North American cruise industry; the Baltic luxury ferry market is one of the most well-developed cruise markets in Europe. Why do Scandinavians purchase 27 times more short
There is an old adage about one party sneezing and the other catching pneumonia as a result. This is the routine reaction of ports to new ship designs. A recent example was the introduction of "beyond Panamax container ships" in the Pacific trade by American President Lines.
Since the worst-case scenario became a reality with September's terrorist attacks in the U.S.. organizations of all kinds have been forced to re-evaluate how security applies to their operations. While the nation's focus has been primarily on the aviation industry,
C. Thomas Faulders III was recently named Comsat Corp. vice president and chief financial officer. Mr. Faulders will succeed Robert J. Perry, who will remain a Comsat Corp. vice president and senior advisor. As Comsat Corp. chief financial officer, Mr.
The National Association of Passenger Vessel Owners (NAPVO), which represents the interests of more than 360 passenger vessel companies, recently announced that it intends to thoroughly review and provide comments to the Coast Guard on the recently proposed revision to "Subchapter T,
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.