Page 99: of Maritime Reporter Magazine (November 2010)

November 2010 www.marinelink.com 97

Container rates, net of fuel, for the 2010 third quarter, rose slightly to $3,247 from $3,229 for the third quarter a year ago.

Container rates, net of fuel, for the 2010 nine-month period were $3,258, margin- ally below the rate of $3,266 a year ago. “A summer slowdown in the pace of economic recovery pressured volumes across all of our markets, resulting in a third-quarter financial performance that was short of our expectations,” said

Chuck Raymond, Chairman, President and CCEO. “We had anticipated a firmer overall economic recovery in the third quarter. However, after some initial in- ventory rebuilding this past spring, eco- nomic activity slowed in our tradelanes as consumer spending remained muted in the face of continuing high unemploy- ment. The quarter also was impacted by high fuel prices and lower revenue from transportation services agreements. In addition, vessel operating expenses in- creased from a year ago due to the timing of regulatory dry-dockings.

NOL Group Reports $282M Q3 Profit

NOL Group reported net earnings of $282m for the third quarter of 2010, a $421m turnaround from the $139m net loss in the third quarter of 2009. NOL said revenue in the third quarter im- proved 55% to $2.4b. The group has now reported net earnings of $283m through three quarters of 2010. It lost $530m during the same period last year.

Third quarter revenue for APL, NOL’s liner shipping business, improved 60% to $2.2b. For the first three quarters, rev- enue was up 51% to $5.9b. APL’s Core

EBIT in the third quarter was $301m fol- lowing a Core EBIT loss of $130m in the third quarter of 2009. Core EBIT through three quarters of 2010 was $314m compared to a Core EBIT loss of $502m in the same period a year ago.

Third quarter volume for the shipping business increased 12%. Through three quarters, volume was up 29%.

SpecTec, Corena Breakthrough

Shipdex Orders

The three companies Corena, SpecTec

Group and Intership Navigation an- nounced the first purchase of the AMOS

Shipdex supplied by SpecTec Group and powered by Corena.

The AMOS Shipdex Suite is for the production, management, use and vali- dation of technical information devel- oped in accordance with the Shipdex

Protocol. It is an integrated suite of soft- ware tools giving ship owners and oper- ators the benefits of major cost savings in terms of better data quality and im- proved electronic use.

Berg Selected for United Faith

Berg Propulsion’s feathering controlled pitch propeller has been selected by

United Faith (Hong Kong) Group sub- sidiary Celestone Marine Engineering

Co. Ltd, as part of a deal that looks to equip up to four (2+2) 50,000 dwt semi- submersible heavylift vessels with com- plete propulsion systems. The deal will see installation of combination propul- sion systems on each ship, involving tra- ditional diesel engine plus electrically powered Azimuth driver systems from

Berg, the Berg CPP with feathering ca- pability, two Berg Azimuth Thrusters (BAT), and two Berg CP tunnel thrusters.

Smith Berger Marine, Inc. builds a full range of Shark Jaws for Anchor

Handling Tug Supply vessels. Standard ratings are 100, 200, 350, 500 and 750 metric tons and all units have Quick Release at the rated load.

Smith Berger flexibility allows us to customize our equipment to suit the operating characteristics of your vessel. Third party certification, load tests, release tests and load monitoring systems are available options.

Rely on the 100 year history of Smith Berger to outfit your vessel with our rugged and dependable equipment.

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OFFERS A COMPLETE LINE OF

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Smith Berger Marine, Inc. 7915 10th Ave., S., Seattle, WA 98108 USA

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