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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 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


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


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 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.


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


Drew Marine Acquires Chemring Marine

Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments.  Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”).   


Hyde Marine to Present on BWTS at Nor-Shipping

Image: Hyde Marine

Company to Share Seamless Integration of Ballast Water Treatment System (BWTS); Experience in Retrofits for Small Footprint Installations at Nor-Shipping Maritime Environmental & Efficiency Management Seminar   Hyde Marine, Inc., announced it will attend Nor-Shipping 2015, June 2-5


Lamprell to Implement Software for Automated Manufacturing

Photo: Lamprell

U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes.   Acording to SSI (developer of ShipConstructor software)


New Ferry Safety Initiative from RINA

Photo: RINA

Italy-based classification society RINA informs it has launched a ferry safety initiative.    The Asset Integrity Management scheme for ro-pax ferries covers fire risk mitigation, single-failure risk assessment, enhanced planned maintenance and condition-based monitoring and also food


Korean Register Opens Green-ship Certification Center

The Korean Register informs it has formally opened the Green-ship Equipment Test Certification Center in Gunsan, Jeonbuk, Korea.   This large-scale facility will be operated by KR and has been built with the full support of Korea’s Ministry of Oceans and Fisheries and the governments


Alewijnse Success at Damen Shiprepair Dunkerque

Photo: Alewijnse

Electrical system integrator Alewijnse Marine Systems is celebrating the first anniversary of delivering electrical services and maintenance to vessels at Damen Shiprepair Dunkerque. Twelve months after it began work there, the results are well above expectations with 19 contracts fulfilled for 10


GE Gas Turbine to Power USCG Cutter

USCG Cutter James (Photo: GE Marine)

GE LM2500 gas turbine to power United States Coast Guard‘s eighth National Security Cutter   GE Marine reports that its LM2500 gas turbine will power the United States Coast Guard’s eighth National Security Cutter Midgett (WMSL 757)


VIKING’s Top Safety Offerings at Nor-Shipping

VIKING offers complete service support - including lifeboat and marine fire service – to shipowners

Marine safety equipment leader VIKING Life-Saving Equipment will appear in force at Nor-Shipping 2015, displaying both innovative products and services that are proving popular with shipowners around the world. Shipowner Agreements Few innovations in the safety equipment servicing arena


Aegean Marine Profit Beats Estimates

Image: Aegean Marine Petroleum Network Inc

 Greece-based Aegean Marine Petroleum Network Inc. (ANW) reported first-quarter earnings of $12.2 million or $0.25 per share compared with $5.1 million or $0.11 per share last year.   The results surpassed Wall Street expectations


CMA-CGM to Call Port of Baltimore

International container shipping company CMA-CGM of France announced that it will begin service within the next couple of weeks to the Helen Delich Bentley Port of Baltimore.   The Port of Baltimore has been added to CMA-CGM’s Liberty Solo service which also includes visits to ports


Shell Offers Smooth Transition to ECAs

(Photo: Shell Marine Products)

Shipowners switching to low sulphur content fuels in line with their obligations in Emissions Control Areas (ECAs) have demanded confidence in the cylinder oils specified to lubricate their engines   The shipping world has been settling down to new restrictions on sulphur content in fuel


Construction Starts on Crowley’s 2nd LNG ConRo Ship

Image: Crowley

Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade   Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered


Mercury Marine Begins HQ Expansion

EDP groundbreaking (Photo courtesy of Mercury Marine)

Mercury Marine announces 45,000 square foot EDP parts expansion to Fond du Lac global headquarters   Mercury Marine will add a 45,000 square foot expansion to its electro-deposition paint (EDP) system that will double its current processing capabilities


New Launches, Demonstrations Set for Seawork

Palfinger - IIMS shot - resize.jpg

Europe’s commercial marine and workboat exhibition held in a working port, Seawork International, has released its plans for demonstrations, launches and conferences.   Organizers say Voith will announce a new marine propulsion system that produces more thrust


Mercury Diesel Engines for 16 New USCG Boats

Mercury Marine’s 2.0 diesel engine (Photo: Mercury Marine)

Mercury Marine has entered an agreement with Metal Shark Aluminum Boats to power 16 U.S. Coast Guard (USCG) boats with Mercury diesel engines.   “Mercury Marine’s 2.0 diesel engines are ideal for smaller vessels such as the Coast Guard Cutter Boat ATON Medium


US Counter-piracyTeam Earns Panama's Approval

Jonathan McConnell, Fernando Solorzano (Photo: Meridian)

Meridian’s counter-piracy teams may now operate aboard vessels flying the Panama flag, following a vetting process that validated the quality of the US-based private maritime security company. The final decision was made this week by the Panama Maritime Authority






 
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