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ARIES MARINE

Delivery: Bollinger Delivers the "New" Elsa Leigh

Bollinger Shipyards last month re-delivered the 254-ft. supply boat, Elsa Leigh, to Aries Marine Corp., of Lafayette, La., which is the new name for the former Seacor Clipper following extensive renovation at Bollinger's Morgan City shipyard. The new name is in honor of Elsa Leigh, the four year-old daughter of Courtney B. Ramsay, vice-president of Aries Marine. "This is the kind of project we love," said Donald "Boysie" Bollinger, chairman and CEO of Bollinger. "Repair, conversion and retrofitting boats has been a vital part of our business since my father founded the company in 1946 and jobs like this always present new challenges." Much of the work involved mechanical systems in the hull and replacement of about 30 percent of the boat's steel. The vessel was brought up to ABS DPS 1, FiFi1 and GMDSS Area 3 certification. Her two main EMD engines were removed and rebuilt by NREC in Houma, La., who boosted their power from 1,250 hp each to 1,500 hp each. The boat's old reverse/reduction gears were replaced with re-conditioned Falk gears to accommodate the higher horsepower and her two drive shafts were re-conditioned at Bollinger. Elsa Leigh's Detroit Diesel 12V71 generator sets were "tuned up" and a Cummins KT-19 M3 700 hp diesel engine replaced the existing Detroit Diesel bowthruster engine. That engine was re-conditioned and used to drive a fire pump that serves two new 11,000 GPM Stang fire monitors that Bollinger added to the boat


Grandunion Controls Aries Maritime Transport

Aries Maritime Transport Limited (NASDAQ:RAMS) announced that Grandunion Inc., a company controlled by Michail S. Zolotas and Nicholas G. Fistes, acquired 18,977,778 newly issued common shares in Aries in exchange for three capesize drybulk carriers. Of such shares, 2,666,667 were transferred to Rocket Marine Inc., a company controlled by two former directors and principal shareholders in Aries, in exchange for Rocket and its affiliates entering into a voting agreement with Grandunion


Aries Maritime Provides Update on its Fleet Deployment

Aries Maritime Transport Limited announced an update on its fleet deployment. The Bora, a 2000-built double-hull products tanker, returned to service last week following the completion of works, which included dry-docking repairs and upgrades, as previously announced. The vessel is being deployed in the spot market, while period charter opportunities are explored. The cost of repairs is expected to total approximately $1.4m.


Aries Maritime Announces Extended Period Charter for the Ocean Hope

Aries Maritime Transport Limited announced it has extended the existing period charter for the Ocean Hope, a 1989-built container vessel, with China Shipping Container Lines (CSCL). The extended charter is for a period of 24 months at a net rate of $13,300 per day, commencing on June 13, 2007. The Company also announced that the MSC Oslo, a 1989-built container vessel, returned to service on April 14, 2007, following the completion of works necessary to achieve the speed required


Aries Maritime Transport Limited Announces 3Q Results

Aries Maritime Transport Limited reported its financial results for the nine months ended September 30, 2007. Revenues of $23.2m were recorded for the three months ended September 30, 2007, compared to revenues of $26m recorded for the three months ended June 30, 2007. The decrease in revenues is primarily attributable to unscheduled out-of-service time related to the Ostria, a 2000-built double-hull products tanker, and scheduled out-of-service time related to the High Land


Aries Renews Bareboat Charters for Two Tankers

Aries Maritime Transport Limited announced it has renewed the bareboat charters for the Stena Compass, a 2006-built double-hull products tanker, and its sister ship, the Stena Compassion, with Stena Group. The charters will be for 23 to 25 months at a gross rate of $18,700 per day per vessel, less 2.5% in brokerage commissions. The charters also include a profit-sharing component for Aries equal to 30% of the actual Time Charter Equivalent rate above $26,000 per day per vessel


APR Labs Greener Method of Propulsion

Photo courtesy APR Labs

In 2006, Aries Propulsion Research Labs (APR Labs) introduced a new method of propulsion technology labeled Omni-Directional Propulsion (ODP). The method was created by designer Chris B. Hewatt and was first published on the United States Patent and Trade Organization (USPTO) Web site as publication 20060230847. APR Labs says that this unique design has been gaining attention in the transportation industry, but could have its greatest impact on the marine industry because it creates movement


Offshore Drilling Expenditure Expected to Increase

MarketResearch.com announced the addition of GBI Research's new report "Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook," to their collection of Energy market reports. The report provides forecasts for the offshore drilling industry in the Americas to 2015. The report also provides segmental forecasts of the offshore drilling market by water depth and highlights the major


Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market. Driven by demands to supply people, gear and goods to offshore installations that are increasingly further from shore in deeper waters, today’s OSV is a far cry from those built only a decade ago. Maritime Reporter examines some of the recent innovations in design and function.


SENER Celebrates FORAN System’s 50th Anniversary

Left to right: Managing Director of SENER, Jorge Unda; Spanish Minister of Industry, Energy and Tourism, José Manuel Soria; President of SENER, Jorge Sendagorta; and Marine General Manager of SENER, Rafael de Góngora. (Photo: SENER)

SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and, since its inception, it has served as the prime example of SENER’s ability to innovate and export.   The event was held at Madrid’s Casino on the evening of Thursday, June 11


Transas' iSailor App Gets Android Debut

Image: Transas

Transas’ chart plotter and AIS Viewer navigation app iSailor, available to iOS device users since 2010, is now also available in an Android version.   Described as an easy-to-use navigational system for amateur seafarers, Transas said iSailor is used by hundreds of thousands of


KEP Marine Unveils KMGBL

Photo:  KEP Marine

KEP Marine – the manufacturer of type approved displays, computers and peripherals, announced  the release of the affordable, high-quality KMGBL Glass Bridge Light Displays. Offered in 12-, 15-, 19- and 24-inch screen sizes, the KMGBL Glass Bridge Light Displays are crystal clear


Voyager IP Wins Irish Navy Satellite Contract

Left to right: Rory Fitzpatrick, ceo, National Space Center; Simon Coveney TD, Minister of Defense, Agriculture, Food and the Marine; Commodore Hugh Tully, Flag Officer Commanding Naval Service and John Makarus, operations director, Voyager IP at the launch of the new satellite service (Photo: Voyager IP)

Voyager IP, the Irish marine telecoms solutions specialist, has partnered with the Irish National Space Center to win a €500,000 contract to manage the entire satellite communications service for the Irish Naval Fleet at home and abroad


New Research Vessel for University of New Hampshire

Image: AAM

All American Marine, Inc. (AAM) has entered into a contract with the University of New Hampshire (UNH) for the design and construction of a new aluminum catamaran research vessel. AAM will build the 48’ x 17’ catamaran custom devised by Teknicraft Design, Ltd. of Auckland, New Zealand


Almarin: 85 Years Strong

Patrick Lindley, CEO, Grupo Lindley

Your company is celebrating its 85th anniversary this year. Please provide an overview of your activities.     The Lindley group of companies began its activities in 1930 with the establishment of Ahlers, Lindley, Lda. as a distributor of harbour and industrial equipment in Lisbon


CSIRO Discovers Extinct Volcanoes off Sydney Coast

Four undersea volcanoes have been discovered off Sydney. Photo CSIRO

  While searching for baby lobsters no bigger than a 50-cent piece, Australian researchers discovered a series of giant volcanoes off the coast of Sydney. The four previously unknown volcanoes, which are now extinct, are situated about 250 kilometres off Sydney in about five kilometres of


NMDC Completes New Suez Canal

Egyptian President Attends NMDC’s Presentation. Photo credit: National Marine Dredging Company

 National Marine Dredging Company (NMDC), the UAE's leading dredging and marine construction company, has announced the completion of the New Suez Canal project following its successful trial run on Saturday (July 25).    A total of six container ships from around the world


Sainty Marine Chairman Resigns

Photo by  Sainty Marine

 The chairman of Shenzhen-listed Sainty Marine, Wang Shuhua has delivered his resignation amid  the company's deteriorating financial situation, according to an exchange filing.   Wang, 48, took the helm as the president by the controlling shareholder of Sainty Marine


BSEE Tests GoM Response Equipment

Photo: BSEE

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) informs it has recently tested and verified the sound working condition of various response equipment used in the Gulf of Mexico region.   Analysts with BSEE’s Oil Spill Preparedness Division boarded the pollution control


IMCA Appoints Faure as President

Bruno Faure (Photo: IMCA)

Bruno Faure, Group Senior Vice President Subsea Projects and Operations at Technip  has taken over the role of President of the International Marine Contractors Association (IMCA), the association representing the interests of more than 1,000 offshore


Canada Commissions Study on Underwater Noise

Green Marine has signed a nine-month contract with Transport Canada to provide insight on underwater noise generated by shipping and its effects on marine life, along with potential solutions. “This agreement is a logical next step following the Memorandum of Cooperation that Green


Information Sharing to Fight Piracy and Illegal Fishing in Ghana

Photo credit: International Maritime Organization

 International Maritime Organization (IMO)'s Chris Trelawny has visited the Maritime Trade Information Sharing Centre (MTISC-GoG), located in the Regional Maritime University of Accra, Ghana.    The multinational centre provides advice and information to merchant shipping


IMO Signs Global Maritime Energy Efficiency Partnerships Project

Image: International Maritime Organization (IMO)

 International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project


AAM, UNH in Vessel Design, Construction Pact

University of New Hampshire New Research Vessel

  All American Marine, Inc.(AAM) together with the University of New Hampshire (UNH) are pleased to announce a contract for the design and construction of a new aluminum catamaran research vessel. All American Marine will build the 48’ x 17’ catamaran custom devised by Teknicraft


Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to maintain its role as the world's top bunkering hub. The move to issue bunker supplier licences to the gas sector complements the






 
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