MAS

STX OSV Holdings Lodges Preliminary Prospectus

STX Europe AS' wholly-owned subsidiary, STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited), has lodged a preliminary prospectus with the Monetary Authority of Singapore (www.mas.gov.sg, "MAS") in relation to the proposed initial public offering of its shares. The preliminary prospectus may be accessed via MAS' Offers and Prospectuses - Electronic Repository and Access (OPERA) website.  

Samudera Delivers First Of Two Tankers To Pertamina

Samudera Shipping Line delivered the first of two new 17,500 dwt tankers to Indonesia's state-owned oil and gas firm Pertamina. The vessel, M/T Sinar Mas, had a long-term contract of 10 years with an option for a two-year extension for a further two years by Pertamina. With the new tanker, Samudera's tanker fleet now comprises of seven vessels. The firm said the shallow-draft vessel, built by Jiangdu Shipyard, was of good quality despite delays in its construction

IMO Addresses Policy on Places of Refuge

What happens when a ship in distress requires a "place of refuge"? In the aftermath of the incident involving the fully laden tanker Castor which, in December 2000, developed a structural problem in the Mediterranean Sea, IMO Secretary-General William O'Neil suggested that the time had come for the Organization to undertake, as a matter of priority, a global consideration of the problem of places of refuge for disabled vessels and adopt any measures required to ensure that

Kongsberg Norcontrol IT Helps Demonstrate Future of Maritime Navigation

Specially adapted Kongsberg Norcontrol IT C-Scope software formed the platform for an in depth MarNIS (Maritime Navigation and Information Services) demonstration, held at the MCA's Highcliffe Training Center on Feb 13 and 14, 2007. The event, attended by MarNIS members and stakeholders from all over Europe demonstrated progress in the further development of electronic navigation (E-Navigation) within the EU 6th Frame Work Program

CAE's Marine Division Wins Contracts Worth $12.5M

CAE's marine division has signed contracts with a number of commercial marine customers around the world for a total value of more than $12.5M. In the largest of the contracts, CAE has been selected by Croatia's Brodosplit Shipyard to supply both CAE Damatic(TM) automation systems as well as an integrated navigation system with voyage data recorders and bridge consoles for six P-MAX tankers contracted by STENA. CAE Damatic automation systems enable a single crewman to have full control

NOL Appoints Leading Senior Counsel to Board

NOL Group has announced the appointment of Senior Counsel Mr Alvin Yeo to its Board of Directors.   Subject to shareholders’ approval at NOL’s Annual General Meeting on 18 April 2013 (“AGM”),  Mr Yeo, Senior Partner at WongPartnership LLP, will join the Board after the AGM. He will serve as a member of the Executive Committee and Nominating Committee. Two of NOL’s current Directors, Mr Christopher Lau Loke Sam and Mr Peter Wagner

News: Places of Refuge and Ship Recycling

Member States of the International Maritime Organization (IMO) agreed on the need for an audit scheme to assess their effectiveness in implementing global shipping standards, with the adoption of an Assembly resolution on the subject at the 23rd IMO Assembly, which met at the Organization's London Headquarters from November 24-December 5, 2003. The Assembly also adopted guidelines on places of refuge for ships in need of assistance and guidelines on ship recycling

IMO Addresses Audit Scheme, Places of Refuge and Ship Recycling

Member States of the International Maritime Organization (IMO) agreed on the need for an audit scheme to assess their effectiveness in implementing global shipping standards, with the adoption of an Assembly resolution on the subject at the 23rd IMO Assembly, which met at the Organization's London Headquarters from November 24-December 5, 2003. The Assembly also adopted guidelines on places of refuge for ships in need of assistance and guidelines on ship recycling.

US ROV's Invade South America

Subsea Engineering in Santiago, Chile is one of many South American enterprises and military establishments adding ROVs in an effort to expand their operational capabilities.   The company offers a complete package of design and construction services including the building of pipelines and installation of submarine power and communications cables.  Owner Pedro Campos is a certified Naval and Marine Engineer, and a member of the International Association of Diving Contractors

New DNV JIP to Speed Up Subsea Construction

One challenge in the construction of a subsea project is the long delivery time of large steel forgings used for key components. This is mainly due to compliance with oil companies’ individual requirements. DNV is now inviting the subsea industry to jointly obtain synergies by developing a best-practice approach. The aim is to reduce delivery time and production costs and improve material quality, thus reducing the risk throughout the supply chain.