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SAINT JORIOZ, France, Sept. 14, 2024 /PRNewswire/ -- SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation. The SmartBubble (SeaBubbles) SmartBubble: Concentration of Technology and Design Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils. SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival. SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on "inverted T" foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability. SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils. SeaBubbles: Vision for the Future SeaBubbles' ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats. "Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy," explains Virginie Seurat, CEO of SeaBubbles. "The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort - zero noise, zero waves, zero emissions." AxiCom for SeaBubbles, seabubbles.france@axicom.com Photo - https://mma.prnasia.com/media2/2505216/SmartBubble_SeaBubbles.jpg?p=medium600Logo - https://mma.prnasia.com/media2/2146226/SeaBubbles_Logo.jpg?p=medium600
SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced its audited financial results for the fiscal year ended October 31, 2023. Due to the overall environment of the shipping industry and increased operating costs post-listing, in the fiscal year 2023, Caravelle achieved revenue of approximately $95.3 million, a decrease of 48.6% from the approximately $185.3 million in the fiscal year 2022. The company reported a net loss of about $15.8 million, a significant change from the net income of approximately $23.6 million in the fiscal year 2022. Earnings per share were -$0.18, compared to $0.24 in the fiscal year 2022. Mr. Hanxi Chang, CEO of Caravelle, stated, "Despite facing various challenges in 2023, we actively adjusted our business strategy according to client needs, further strengthening relationships with clients and shipowners. In July 2024, we made some adjustments to our directors and officers, the new management has been actively evaluating our shipping carbon neutrality business model, engaging to explore innovative strategies to create long-term shareholder value while demonstrating our social responsibility. At the same time, we are trying to utilize various financing methods to improve our financial situation. Judging from the progress over the past few months, we are confident about the company's future." About Caravelle International Group Caravelle is a global ocean technology company with businesses in international shipping and marine carbon neutrality. The company is committed to improving shipping efficiency through innovative technologies and promoting sustainable development in the industry. Caravelle is headquartered in Singapore. Forward Looking Statements This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions, are "forward-looking statements". Such statements include, but are not limited to risks detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2022. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All information provided in this press release is as of the date of the publication, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
BEIJING, Sept. 8, 2024 /PRNewswire/ -- More than 600 dignitaries and representatives from sectors of shipping, trade, finance and technology in the world attended the 6th Silk Road Maritimes International Cooperation Forum, which kicked off on Saturday in Xiamen city, East China's Fujian Province. Themed with "Integrating Ports, Shipping and Trading Services," the forum, featuring four sub-forums in specially designated topics, is expected to strengthen the connection and collaboration between upstream and downstream of the industrial and value chains, providing efficient trade solutions for international transport industry. During the opening ceremony of the forum, Silk Road Maritime Association (SRMA), the organizer, launched the 2024 Silk Road Maritime Blue Book and the Silk Road Maritime Ports, Shipping, and Trade Service Integration Initiative, which aims to standardize the association's services and promote international trade and ocean shipping. In addition, SRMA released 10 new SRMA-named sea shipment routes, signed 12 cooperation agreements with 13 enterprises, and announced 13 new members of the association. As China's first maritime shipment-centered international logistics service platform under the Belt and Road Initiative, set up six years ago, the association now boasts a total of 132 named sea shipment routes, connecting 145 sea ports across 46 countries and regions, consisting of over 340 members. During the 3rd Belt and Road Forum for International Cooperation held in October 2023, China announced eight action plans aimed at pursuing high-quality Belt and Road cooperation, emphasizing that China will work to integrate ports, shipping and trading services under the Silk Road Maritime platform and accelerate the building of the New International Land-Sea Trade Corridor and the Air Silk Road. Looking ahead, SRMA will continue to innovate in integrated port, ocean shipping and trade development, exploring more dynamic and sustainable cooperation mechanism to enhance the global integration of port, shipping, and trade services.
HAMBURG, Germany, Sept. 3, 2024 /PRNewswire/ -- Seadronix, a leading developer of AI and autonomous ship navigation solutions, announces the launch of its latest innovation, the NAVISS 2.0 True-AI Ship Navigation and Monitoring System, at the SMM 2024 Maritime Fair. This enhanced version represents a significant leap forward in maritime situational awareness and safety. The NAVISS 2.0 system is an advanced AI-powered solution designed to deliver real-time, 360-degree situational awareness for ship captains and crews. By providing a comprehensive view of the vessel's surroundings without blind spots, NAVISS 2.0 ensures seamless and reliable monitoring, reducing the risks associated with human error—a leading cause of maritime accidents. NAVISS 2.0 introduces several state-of-the-art features, including Seadronix's VADAR (VaDA AI Detection and Ranging) technology, which enhances situational awareness with an expanded bird's-eye aerial view and customizable view selection options. These features allow users to tailor the monitoring system to their specific needs, enabling more accurate and convenient real-time observation of the vessel's surroundings. The system actively detects vessels and other maritime objects that may pose collision risks, providing immediate voice alerts and intuitive on-screen pop-ups to help prevent accidents. The launch of NAVISS 2.0 is a strategic response to the growing demand for AI-driven situational awareness solutions that enhance safety and support autonomous ship navigation. It also aligns with upcoming regulations, such as the IMO Maritime Autonomous Surface Ships (MASS) Code. SMM 2024, one of the world's largest maritime trade fairs, features over 2,200 companies from more than 120 countries. Seadronix is using this platform to accelerate its global expansion, showcasing NAVISS 2.0 alongside successful installations on a variety of vessels, including merchant ships, fishery management vessels, tugboats, wind turbine installation vessels (WTIV), and icebreakers. The company has also been actively collaborating with major shipping companies on trials of its AI navigation solutions. Kyongsoo Noh, Seadronix's Chief Operating Officer, stated, "We are proud to lead the global maritime AI solutions market, recently securing a major contract with a key customer in Singapore. Launching our new AI ship navigation solution at the world's largest maritime exhibition is an exciting milestone for us. As a leader in the emerging field of autonomous ship navigation, we are eager to share our cutting-edge AI robotics technology and solutions with the world." For more information about Seadronix and the NAVISS 2.0 system, visit the Seadronix booth at SMM 2024 or go to www.seadronix.com User interface image of NAVISS 2.0.
MIAMI, Aug. 27, 2024 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) announced today that it has signed an agreement with Finnish shipbuilder Meyer Turku to order a fourth Icon Class ship for delivery to Royal Caribbean International in 2027. The agreement also includes options to build a fifth and sixth Icon Class ship. "Building on the incredible momentum and market response to the launch of Icon of the Seas and the excitement for its sister ship, Star of the Seas, coming in 2025, we're thrilled to join with Meyer Turku once again to expand our roster of Icon Class ships and continue our future growth plans," said Jason Liberty, president and CEO, Royal Caribbean Group. "Since its debut, Icon has changed the game in vacation experiences and exceeded our expectations in both guest satisfaction and financial performance." "This is great news for Finland. Royal Caribbean Group's long-term partnership will continue to have a positive impact on our employment and economy," said Petteri Orpo, Prime Minister of Finland. "Their commitment and investment in Finland speaks volumes about the strength of our maritime cluster and our world class shipyards." The first ship in the Icon Class launched in January 2024 as a first-of-its-kind vacation and introduced an all-encompassing lineup of experiences that combines the best of every vacation – from the beach retreat to the resort escape and the theme park adventure. The next ship in the lineup will continue to deliver revolutionary experiences as it joins Icon, Star of the Seas (launching in 2025) and the yet-to-be-named third Icon Class ship (launching in 2026). With this announcement, Royal Caribbean Group continues to drive its moderate capacity growth to help guests turn a vacation of a lifetime into a lifetime of vacations. "This order is an important milestone for the future of shipbuilding in the maritime network in Finland," added Tim Meyer, CEO of Meyer Turku. "With Icon of the Seas, our team, consisting of the shipyard and partners, have built an extraordinary ship in respect of naval architecture, energy efficiency and customer experience. This is yet another recognition of the professionalism of our personnel and of our leadership in the maritime industry's innovation and green transition. The options underline the strong outlook of our order book." Known for its history of delivering best-in-class ships, this also expands upon Royal Caribbean Group's longstanding relationship with Meyer Turku. With this order, Meyer Turku will have built 21 ships for Royal Caribbean Group over 28 years. The anticipation for Royal Caribbean Group's newbuild pipeline continues to grow, with seven new ships on order, and two shipyard options. This year alone, the company welcomed four new industry-leading ships, including Royal Caribbean International's Icon of the Seas and Utopia of the Seas, Silversea's Silver Ray and TUI Cruises' Mein Schiff 7. This order also comes on the heels of the company's announcement for a seventh Oasis Class ship, set to debut for Royal Caribbean International in 2028. "Icon of the Seas is unlike anything the world has seen before, and we're just getting started," added Michael Bayley, president and CEO, Royal Caribbean International. "We are leading the vacation industry in developing new experiences for our guests to create lifelong memories, and we continue dreaming and evolving to deliver more ways to chill and thrill." This agreement is contingent upon customary conditions, including financing. For more information on Royal Caribbean Group and its brands, visit royalcaribbeangroup.com. About Royal Caribbean GroupRoyal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to approximately 1,000 destinations. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean International, Celebrity Cruises, and Silversea; and expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com.
SINGAPORE , Aug. 23, 2024 /PRNewswire/ -- Muster Marine Pte Ltd, a premier provider of marine insulation and engineering solutions, is pleased to announce a significant expansion of its services and product offerings to better serve the rapidly growing maritime industry in Southeast Asia. As a leader in the industry, Muster Marine has consistently provided high-quality, reliable solutions tailored to meet the unique needs of marine vessels. The latest expansion reflects the company's ongoing commitment to innovation, safety, and performance. Muster Marine's new offerings include advanced insulation systems, marine flooring solutions, and customized engineering services designed to withstand the challenging marine environment. The company specializes in thermal, acoustic, and fire insulation, ensuring that vessels are equipped to operate efficiently and safely under various conditions. In addition, the introduction of high-performance marine flooring solutions further enhances vessel safety and comfort, meeting the stringent demands of both commercial and military marine operations. "We are excited to expand our portfolio to include a wider range of products and services that address the evolving needs of our clients," said David, CEO of Muster Marine. "Our goal is to provide comprehensive solutions that not only meet but exceed industry standards, helping our clients achieve optimal vessel performance while ensuring safety and compliance." With a strong focus on sustainability, Muster Marine also offers eco-friendly insulation materials that reduce energy consumption and environmental impact. The company's team of highly skilled engineers and technicians work closely with clients to deliver customized solutions that are both cost-effective and reliable. Muster Marine's expansion comes at a time when the maritime industry is experiencing significant growth, particularly in Southeast Asia. The company is poised to play a key role in supporting this growth by providing state-of-the-art marine solutions that are tailored to the specific needs of the region. For more information about Muster Marine's expanded services and product offerings, please visit mustermarine.com.sg
Maritime/Shipbuilding
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