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Trico Appoints Francois Trico Marine Services appointed Larry D. Francois as Senior Vice President of Operations. Francois served as President of Seabulk Offshore, a subsidiary of Seab- ulk International, Inc., for approximately three years where he was responsible for its worldwide offshore operations. Prior to his tenure at Seabulk, he served as area manager of domestic offshore marine operations for Tidewater, Inc. and prior to that assignment was a division manager for Zapata Gulf Marine Corporation in Mexico. Stratos Announces 1Q Results Stratos Global Corp. announced finan- cial results for the first quarter ended March 31. Its first quarter results were negatively impacted by non-cash, after- tax write-offs of approximately $23.3m, primarily related to the acquisition of Xantic, which was completed on February 14. These after-tax charges included the write-down of $19.6m of capital assets related to the Goonhilly land earth station as a result of the planned post-acquisition network rationalization; the write-off of $1m of deferred financing costs reflecting the successful financing of the Xantic acquisition; and, the write-off of capital assets of $2.7m related to the breach-of- contract claim recently filed against a provider of business process solutions. As a result, the corporation reported a net loss for the quarter of $24.9m, compared with net earnings of $3.5m reported for the same period last year. Revenue for the first quarter of 2006 was $119.3m, a 29 percent increase compared with the $92.4m achieved in the first quarter of 2005. Rodriquez Yachts to Design Vessels in the U.S. Rodriquez Yachts announced an exclu- sive agreement with Miami's BRB Yachts that will bring Rodriquez's designs to the U.S. Rodriquez yachts range from 50 to 220 ft., and the models available to U.S. consumers are the 500 Sport, 600 Sport, 600 Widebody, 800 Widebody and 800 Sport, which are customizable to suit the needs of each yachtsman. Bourbon 1Q Revenues up 21.5% Bourbon reported that first quarter 2006 revenues totaled 172.4 million euros, an increase of 21.5 percent compared with the same period in 2005. With the excep- tion of the North Sea, the offshore oil and gas marine services recorded strong growth, with revenues of 79.3 million euros at the end of March 2006, up +32.9 % (24.2% at constant exchange rates) compared with the same period in 2005. Several scheduled maintenance programs were performed in the first quarter of 2006. The West Coast of Africa, and Nige- ria in particular, continued to generate a very strong performance. Operations are developing gradually in Asia with the delivery and commissioning of an Anchor 14 • MarineNews • June, 2006 monitoring and measurement solutions web www.imesinc.com intl 1 909 626 8316 tel 888 998 3787 domestic and worldwide locations • suitable for use in hazardous and harsh environments provides reliable, high accuracy information telemetry and cabled systems for custom and standard application Circle 235 on Reader Service Card Circle 272 on Reader Service Card News JUNE MN2006 2(9-16).qxd 6/2/2006 11:43 AM Page 14
