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LNG is the Bridge to ‘Zero Emissions’ Shipping
The advent of industry wide tightening of allowable sulfur emissions is getting nearer. Suddenly, with the deadline now little more than one year away, the countdown clock will very soon be ticking much louder. Simply stated, the cap on allowable sulfur content in marine fuels, presently at 3.5 percent in many geographical regions, will be reduced to 0.5 percent in January 2020. The 0.1 percent sulfur cap…
MN100: Alternative Marine Technologies
Established in 2007, Alternative Marine Technologies (Amtech) has been a leader in design and construction of alternative energy propulsion solutions aboard several series of vessels, built both domestically and abroad. With 23 employees, the firm continues to grow. Alternative Maine Technologies has been employed as the construction manager for myriad cutting edge marine technology projects. For example…
Can Domestic Shipping Become Our Industry’s Farmer’s Market?
Arriving at the Farmer’s Market this morning I made the decision to grill some hand cut rib eye with fresh vegetables and potatoes later that evening. I searched several of the local farm kiosks to find the mix I wanted and then reached into my pocket to pay for my choices. The price for all this local fare is not competitive with Cosco or Walmart, but I know the vegetables are organically grown without chemicals and the local beef is grass fed.
Marine Noise Emissions: Is it Your Next Regulatory and Environmental Hurdle?
A different kind of emission in the compliance spotlight – above and below decks. The International Maritime Organization (IMO) Sub-Committee on Ship Design and Equipment during its 2012, 56th session submitted a draft revised code on noise levels onboard ships. The code set out mandatory noise level limits for machinery spaces, control rooms, workshops, cargo blocks and accommodation spaces in an effort to address health and safety issues on board ships, ATB’s and/or tugboats.
US Tankers Built on Spec Face Choppy Waters
U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them. Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect wholly-owned subsidiary of SEACOR Holdings Inc, is building another two. The 330…
Alterna Product Tankship Purchases Financed by CIT
CIT provides $61.8-million financing to Alterna Capital Partners’ Portfolio Company to acquire three ‘ECO-Design’ product tankers. CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT ECO-design Medium Range (MR) IMO II/III product/chemical tankers from STX Offshore & Shipbuilding Co., Ltd.
American Phoenix
BAE Systems joined with Mid Ocean Tanker Company (MOTC), Mid Ocean Marine and Alterna Captial Partners earlier this year to commission the American Phoenix, a U.S.
BAE Systems Starts Construction on Dump
BAE Systems has begun construction on the first of two dump scows for Great Lakes Dredge & Dock Company. Employees and executives from both companies gathered yesterday for a ceremony to mark the start of construction for the first module, which will weigh approximately 87 tons. When complete, the entire first vessel will weigh about 1,600 tons and measure 295 feet long and 62 feet wide, with a draft of 17 feet.
Resolve Engineering Announces Launches of Two New Vessels
RESOLVE Engineering Group, LLC has announced the launch of two of the Naval Architecture and Marine Engineering firm’s latest design and construction support jobs. The American Phoenix, a 616’ x 105’ chemical tanker was built by BAE Systems Southeast Shipyards, Alabama for owner Mid-Ocean Tanker Company LLC of South Norwalk, CT. RESOLVE provided construction support for the owner during final outfitting and completion of the American Phoenix 49…
BAE Alabama Wins Dredger Barge Contracts
BAE Systems Southeast Shipyards Alabama wins Great Lakes Dredge & Dock Co. The announcement came at the christening of the American Phoenix, a 616-foot-long, 105…
BAE Commences Construction of Hopper Dredge
BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered this week at the BAE Systems Mobile shipyard to oversee the initial cutting of steel for the vessel’s first module, which will weigh 130 tons. When complete in 2014, the entire vessel will measure 340 feet long and 79 feet wide, with a draft of 27 feet.
Mid Ocean Tanker Contracts with BAE Systems to Launch Tanker
Mid Ocean Tanker Company, a joint venture of private equity firm Alterna Capital Partners and Mid Ocean Marine, has contracted with BAE Systems Southeast Shipyards in Mobile, Ala. for work required to launch MOTC’s 49,000dwt US Flag/Jones Act product-chemical tanker MV American Phoenix. MOTC acquired the vessel from the estate of American Heavy Lift in February of this year, and intends to complete it for service in US coastwise trade by late 2011 or early 2012.