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NORDIC TUGS

ALGAE-X Now Standard Equipment On All New Nordic Tugs

Algae-X International has announced its agreement with Nordic Tugs - the Ed Shelton designed and manufactured boats - to integrate the ALGAE-X's Fuel Decontamination Technology into the fuel systems of their diesel powered vessels. Shelton is incorporating ALGAE-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. ALGAE-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.


Algae-X Standard Equipment on All New Nordic Tugs

Algae-X International has announced its agreement with Nordic Tugs, to integrate the Algae-X Fuel Decontamination Technology into the fuel systems of the company's diesel-powered vessels. Mr. Shelton is incorporating Algae-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. Algae-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.


Nordic Tankers Joins Nordic Exchange

Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further


Nordic Shipholding Sells Chemical Tanker Activities

Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the sale of its chemical tanker activities to a company controlled by Triton, a European investment company. The acquiring company has today changed name to "Nordic Tankers A/S".


Statoil Claims Mokul Nordic for North Sea Charter

Mokul Nordic

Nordic Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted for a 30 days firm plus an optional 15 days charter in the North Sea by international energy provider Statoil.   “At Nordic Maritime, we are delighted to have won our inaugural contract with Statoil in 2014, the year in which we celebrate our 15th anniversary,” said Kjell Gauksheim, Nordic Maritime CEO.


Nordic Prince Chartered by Noble Energy

MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince

  Nordic Maritime, a leading offshore service operator, today announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five year charter for the DP2 IMR Subsea vessel, from Noble Energy, the international oil services group, in October.  “We are glad to announce that our vessel


Nordic American Tanker Shipping Takes Delivery of Suezmax

Nordic American Tanker Shipping Ltd. announced that the company has taken delivery of the suezmax vessel that it agreed to acquire in July this year. The 2003 built suezmax tanker has been named Nordic Apollo and was taken over today November 09, 2006. Including the Nordic Apollo the fleet of the Company has increased from three to ten suezmax vessels over the last 24 months. The vessel is employed in the spot market thus increasing the Company's vessels with spot market exposure from


Nordic Yards at Russia's Top Shipbuilding Fair

Nordic Yards_Stand_NEVA.jpg

"Russia is and will remain an essential market for us", stated Vitaly Yusufov, owner and Managing Director of Nordic Yards. "Since their foundation our shipyards in Wismar and Warnemünde have built 400 vessels for the Russian market alone, and nearly 120 featuring ice class 1A or higher." Currently there are a number of Russian contracts in the Nordic order books. For example yesterday, September 23


Nordic Maritime Exercises Option to Subscribe Further Shares

In light of the development of Nordic Shipholding A/S's cash position, as announced by the company in company announcement no. 11/13 published on December 13, 2013, Nordic Maritime has informed the company that it will exercise the option granted to Nordic Maritime in the conditional restructuring agreement entered into between the company and Nordic Maritime on 22 November 2013, to subscribe further shares against a cash payment to the Company of $2 million at completion of the restructuring


Nordic Maritime Takes Majority Stake in Nordic Shipholding A/S

In a major shareholder announcement Nordic Shipholding A/S informs that Nordic Maritime S.à r.l. has acquired a total of 308,791,660 shares  in Nordic Shipholding A/S and now directly holds 76.03 % of the share capital and voting rights in Nordic Shipholding A/S: summarised as follows: Conversion of debt and share capital increase As a consequence of the restructuring, Nordic Maritime and the Company’s lending banks have converted debt for a total amount of approximately


Greatship Sells AHTS Vessel

Greatship Akhila. Image by Greatship (India) Limited

 Indian shipping company Great Eastern Shipping has announced that its wholly owned subsidiary, Greatship, has sold and delivered anchor handling tug supply (AHTS) vessel Greatship Akhila (7,080 bhp, built 2009) to unnamed buyers.  


2 Tugs from Robert Allan for Tauranga Port

Tai Pari in New Zealand waters

  The Tai Pari and Tai Timu, two RAmparts 2400W Class tugs designed by Robert Allan Ltd of Vancouver, Canada, have been delivered by Cheoy Lee Shipyards to the Port of Tauranga Limited. The Tai Pari arrived in New Zealand on June 5 after a 30 day voyage on her own bottom


New Propulsion Concept : Multi-function PowerhouseTug &

POWERHOUSE TUG & BARGE SYSTEM

  The multi-function PowerhouseTug & Barge (PTB) system is a novel design that utilizes electric propulsion in the barge and a tugboat with a set of generators as a power pack. This concept has two basic differences with traditional ATB (Articulated Tug & Barge) system


Svitzer Orders Pair of Damen Tugboats

Photos courtesy of  Damen

Svitzerhas ordered two more Damen ASD 3212 tugs with 80 tons bollard pull performance for its escort and towing operations on the Thames and Felixstowe. They are being built at Damen’s ong Cam Shipyard in Vietnam and will be delivered to Svitzer UK in October 2015.


NAO Head: PSVs Ready for Mediterranean Rescue

Photo: Nordic American Offshore

Nordic American Offshore Ltd. executive chairman Herbjorn Hansson weighs in on Mediterranean Sea migrant crisis, stating his company’s PSVs are capable and ready to perform rescue operations, if contracted.   We are all too familiar with the tragedy that is unfolding in the


9 Voith Schneider Tugs on target in SA Shipyards

Eugene Rappetti (left), with Southern African Shipyards CEO, Prasheen Maharaj (right)

Construction work on nine tugboats for Transnet National Ports Authority (TNPA) at the Southern African Shipyards premises in Durban is well under way. "This is a milestone project that reinforces the capacity and skill of South Africa when it comes to competing in the global shipbuilding


Four New Tugs for the Port of Alexandria

Voith Water Tractor „Salam 6“ operating in the Suez Canal (Photo: Voith)

The Alexandria Port Authority has placed an order for four new Voith Water Tractors (VWT) to be built at different shipyards in Egypt. Two tugs with an engine power of 2 x 1,920 kW each will be propelled by two Voith Schneider Propellers VSP 28R5/210-2


Final LNG-proof Tug Delivered to Smit Lamnalco

SL Curtis Island (Photo: Smit Lamnalco)

Smit Lamnalco takes delivery of last Sanmar LNG proof tug of five-vessel series   Towage and marine services provider Smit Lamnalco has taken delivery of the SL Wiggins Island, the fifth and final tug purpose-built at Sanmar Shipyard in Turkey


Damen-built Tug RT Evolution Christened

ART 80-32 RT Evolution

  On May 18th, 2015, the Damen-built ART 80-32 Hybrid RotortugRT Evolution was named at the Greenwich Ship Tier in London during the cocktail reception of ‘Tugnology Conference’. Mrs Elizabeth Brunton-Reed, spouse of The ABR Company’s Chairman Mr Allan Brunton-Reed


NOA Announces Share Repurchase Program

Photo: NAO

Nordic American Offshore Ltd. (NAO) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to 2.5 million of NAO's outstanding common stock over the next two years. The authorization is effective immediately


Bids Placed for Novy Port Icebreaker Contract

ARC 130 A icebreaker (Source: IAA PortNews)

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off, seeing seven companies submit bids for the project, IAA PortNews reported.  


Hoegh LNG's Bond Issue

Image: Höegh LNG Holdings Ltd

 Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate.  


Caterpillar Adds Azimuth Thrusters to Tug Package

Image: Caterpillar

A fresh range of azimuth thrusters will be featured in a newly integrated propulsion package from Caterpillar Propulsion targeting the tug market.   The 60 metric ton bollard pull Cat Propulsion Marine Thruster Azimuth (MTA) is the first model in what will become a new family of rotatable


Fuel Quality Data Tapped for Fleet Performance

Dr. Torsten Büssow (Photo: DNV GL)

Veritas Petroleum Services (VPS) and DNV GL signed a cooperation agreement to develop a new module for DNV GL’s ECO Insight fleet performance management solution at the Nor-Shipping trade fair. By tapping into the world’s largest fuel sampling database, this module will allow owners


Innovative Winch System Patented

Photo courtesy of JonRie Marine Winches

The U.S. Patent Office has  issued Patent s/n 9,056,655 to inventors Brandon Durar (JonRie Marine Winches) and Gregory Castleman (Castleman Maritime) for A Staple Torque Aligning Winch System for Escort Tugs. Naval architect Greg Castleman approached Durar in the winter of 2007 with the






 
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