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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


NAMEPA Welcomes Hadjipateras of Dorian

Marina Hadjipateras

  Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA) announced today, “NAMEPA welcomes our newest board member, Marina Hadjipateras, Vice President Corporate Communications with Dorian LPG Ltd. Ms


Haiti’s Port Lafito Officially Opens

Haiti’s first Panamax Port Positioned to Benefit National Economy

  GB Group inaugurated their Port Lafito, a world-class modern container port in Haiti. They informed that the port is now open and operational. Port Lafito is Haiti’s first Panamax Port with state of the art equipment and technology


Danish Ports Approve HullWiper

Photo: GAC EnvironHull

Authorities at the Danish ports of Copenhagen, Kalundborg and Fredricia have granted permission for GAC EnvironHull’s pioneering, diver-free, underwater HullWiper solution to be used within their ports and outside of holding areas.  


KR Overhauls Hull Structure Software

IACS member classification society the Korean Register (KR) informs it has overhauled its SeaTrust-HullScan software package, a ship design support solution that analyzes and appraises a vessel’s. According to KR, the update will deliver efficiencies when applying the incoming Harmonized


Port Lafito Officially Opens

Image by GB Group

 GB Group, a diversified group of industrial and trading companies, has announced that Port Lafito, a world-class modern container port in Haiti, is open and operational.   Port Lafito in Haiti officially opened on 2 July in a ceremony attended by the country’s president among


ST Marine Launches First LMV for RSN

RSNs first-of-class LMV Independence

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first Littoral Mission Vessel (LMV) - Independence built for the Republic of Singapore Navy (RSN).


Hercules-2 Officially Launched

Hercules-2-logo

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo, Wärtsilä, and Winterthur Gas & Diesel


ISS Inks Service Pact with Technip

Technip’s main construction vessels include the Derrick pipelay vessel G1201 & the DSV Adams Challenge.

Inchcape Shipping Services (ISS) and Techniphave signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East. Currently under offshore execution by Technip for Dubai Petroleum Establishment (DPE)


MTU Powers RSN Navy's Littoral Mission Vessel

Photo courtesy of MTU

MTU to power eight Republic of Singapore Navy’s new patrol vessels. Employees and guests, including senior representatives from the Republic of Singapore Navy (RSN) and Ministry of Defence, gathered at Singapore Technologies Marine (ST Marine) to witness the launching of the RSN’s


Ocean Safety’s New Liferaft Facility Opens

Photo courtesy of Ocean Safety

Ocean Safety, a specialist in the worldwide supply, distribution, service and hire of marine safety equipment, has opened a new liferaft hire division.   Ocean Safety trialed the liferaft hire programme for a year before confirming its initial success


AkzoNobel’s Carbon Credits Methodology Wins Award

Trevor Solomon (Photo: AkzoNobel)

AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings.   Based on nominations from leading stakeholders within the voluntary carbon markets


Tideland Introduced New Navigation Aids at Seawork

Photo: Tideland

Tideland Signal Corporation (Tideland) introduced a number of new innovative aids to navigation (AtoN) products at Seawork 2015, including SB-1800, the newest member to our popular high performance and low maintenance polyethylene buoy product line and our new SolaMax range of self-contained


Port of New Orleans Goes Green

Photo: Green Marine

Green Marine, a North American environmental certification program for the marine, port and terminal industry, officially recognized the Port of New Orleans recently as a certified Green Port. The Port of New Orleans is the 8th U.S. Port to reach certification in the voluntary environmental


Bunker Holding Buys LQM

Logo

  Bunker Holding Group (Bunker Holding), a global leader in the purchase, sale and supply of marine fuel with 54 offices in 27 countries, announced today the acquisition of LQM Petroleum Services Inc. (LQM). LQM is one of the largest international marine fuel oil brokers who handles


De Nora Acquires Severn Trent's Water Purification Business

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  De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies, will be focused on delivering sustainable and innovative water and wastewater technologies for municipal






 
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