The newest buzz among offshore operators serving the oil and gas rigs in the Gulf of Mexico (GOM) is the increased use of methanol (CH3OH) by oil companies and contract drillers. This has meant more work for supply boats carrying this alcohol product to rigs along with rig water, fuel oil and liquid and bulk mud. Methanol is used to keep the flow lines from the wellhead to the surface of the water from becoming restricted or blocked. Restricted flow from wells is becoming an increasing problem for oil companies and drilling contractors whose bottom line depends on getting every drop of oil from a well. Flow assurance is a critical issue, especially with longer tiebacks in deepwater drilling operations. The problem is that tiebacks and other extended subsea completions tend to cool the oil and gas over the longer distances associated with deepwater wells. This can cause paraffin wax buildup and the formation of hydrates on the flow lines, restricting the flow of the hydrocarbons to the surface. Paraffin wax is a natural component of oil as it flows from a well and hydrates form when methane (natural gas) mixes with water in the production line forming ice-like crystals. In some cases, the combination of cooled wax coating the flow lines plus the formation of hydrates can complete block the flow lines.
Harley Franco, Founder and Chairman of Pacific Coast operator Harley Marine Services, Inc., was a pivotal private equity speaker at a recent Marine Money conference held in New York City. Mr. Franco represented the private equity position on a finance panel consisting of public maritime companies including Overseas Shipholding Group and Horizon Line. In his presentation, Mr. Franco outlined the various finance structures utilized which enabled him to remain private
U.K.-based software house Marine Software Ltd has successfully delivered its DNV type approved Marine Planned Maintenance system on QinetiQ’s Trimaran demonstrator vessel R.V. Triton . This innovative test vessel comes after ten years of research and is the largest motor powered trimaran demonstrator ever built, also being the worlds first of class ship based on this new concept triple-hull design. QinetiQ, formerly known as the Defense Evaluation and Research Agency ( DERA )
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”).
A new 300 mt marine lift for Yank Marine is being installed at its Tuckahoe, NJ shipyard. This new 300 metric ton marine lift was transported from Marine Travelift in Sturgeon Bay, Wisconsin on ten trucks and is currently being erected on site. It was purchased using a $961,676.00 grant from the Maritime Administration under the Assistance to Small Shipyards Grant Program, and will replace Yank Marine Inc.’s existing 200 metric ton Marine Travelift.
Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ￥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and Bank of Taiwan, with participating loans from Taiwan Cooperative Bank, Hua Nan Commercial Bank, Bank SinoPac and Bank of Kaohsiung.
On Thursday 25 April 2013, at Lloyd’s of London, a new professional body, the International Association of Marine Warranty Surveyors (IAMWS), was formally launched. Approximately 120 representatives from the energy insurance market together with brokers and oil company representatives attended a seminar to announce the aims and objectives of the new association. This new body will assess and provide accreditation to practicing marine warranty surveyors from across the world to ensure
One of MAN Diesel & Turbo’s oldest licensees, Mitsui, hosts a demonstration of the ME-GI marine diesel engine at its Tamono works. A large assembly of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr. René Umlauft, CEO, and Thomas Knudsen, Head of the Low Speed business unit, gave commemorative speeches. In his speech, MAN Diesel & Turbo’s Dr
Strategic Marine, a specialist shipbuilder operating in Singapore and Vietnam, has delivered the Njord Curlew, a high-grade crew transfer and service vessel for Njord Offshore, the UK fleet operator specialising in supply services for the growing offshore windfarm sector. Today’s delivery is the third in a series of eight vessels for Njord Offshore, underscoring Strategic’s recent move into a new market sector, one in which it sees significant growth opportunity
The North of England P&I Association (North P&I Club), a leading marine insurance association, has donated £3,000 to fund life changing sailing expeditions for young people in Northern England. Staff at the Newcastle based insurers chose to donate the funds to Ocean Youth Trust North, the North of England’s leading sail training and youth development charity, for its work providing personal development opportunities, for people aged 12-25, through adventure under sail
Scana Industrier ASA subsidiary Scana Steel Björneborg, receives an additional order from Rolls-Royce, for delivery of complete propeller and intermediate shafts during 2013-2014. The total value of the contract is 20-million SEK. Scana Steel Björneborg has a long history as a supplier
Rafael Martínez-Abarca was appointed Operations Manager of the Marine Strategic Business Unit (MaSBU) of SENER, an engineering and technology group that has a workforce of about 5,500 professionals and offices in four continents. Rafael Martínez-Abarca replaces in this position
The U.S. Merchant Marine Academy (USMMA) graduated 201 new maritime leaders as part of its Class of 2013 commencement ceremony. The keynote speaker, General William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), gave the commencement address before a crowd of more than 2
The 2013 ICOMIA/IFBSO Congress was held in London, United Kingdom from June 11-14, 2013 and was hosted and organized by the British Marine Federation (BMF) at Devonport House, located in London’s exclusive Royal Greenwich, a World Heritage Site.
Northrop Grumman Corporation has been selected by Arklow Shipping to upgrade 12 container vessels with VisionMaster FT Electronic Chart Display & Information Systems (ECDIS). Northrop Grumman's Sperry Marine business unit will install all of the systems by the end of 2014
Dubai Maritime City Authority (DMCA) begins issuing marine driver’s license in Dubai to boost maritime safety and efficiency on local shores. The recent decision is in line with DMCA’s ongoing drive to develop a well-defined regulatory framework aimed at regulating
Global law firm White & Case LLP announced the availability of a new report, "Restructuring & Beyond: The marine industry's routes to safety." The report focuses on survival strategies for those affected by the industry's downturn as well as emerging opportunities for companies
ASA Electronics, an international manufacturer of audio and video electronics and appliances has partnered with the Independent Boat Builders, Inc. to be the video supplier of choice. Independent Boat Builders, Inc. (IBBI) is a marine buying group that currently has 20 members located in the
ECDIS Ltd. have taken delivery of three new VisionMaster FT ECDIS, which have been installed in their e-Navigation Center. The ECDIS systems are made by Northrop Grumman Sperry Marine and will mean ECDIS Ltd are now able to offer Nautical Institute accredited Type Specific ECDIS Training on nine
COSCO International acquires Germany's Hanyuan to further develop global service network in marine spare parts supply. Yuantong Marine Service Co. Limited, COSCO International’s wholly owned subsidiary mainly engaged in supplying marine equipment and spare parts
Supplier of marine air conditioning and sanitation equipment Dometic Marine has announced the promotion of Dennis Chiang to Asia Pacific Marine Divisional Manager. Singapore-based Chiang has been with Dometic Marine for just longer than two years as Regional Marine OE & AM Sales Manager for
Seaway Powell Marine, a British engineering company specializing in the design and manufacture of marine hydraulic systems, now has a mobile service and repair team for winches, windlasses, hydraulic and conventional sail and rigging controls.
Gina Domitrovich, AMIM, Senior Marine Underwriter, AIG Global Marine & Energy, is the first recipient of the new American Marine Claims Award, by Inland Marine Underwriters Associations (IMUA). The award presentation was made closing ceremonies during IMUA"s 83rd Annual Meeting held
Mitcham Industries' marine equipment manufacturing unit, Seamap, has signed a manufacturing agreement with a subsidiary of Petroleum Geo-Services (PGS). Over the past several months, Seamap and PGS have collaborated to develop PGS SourceLink
Resolve Salvage & Fire (Europe), Ltd., the European emergency response subsidiary of U.S.- based Resolve Marine Group, Inc., has added a new office at 23, Austin Friars, London, expanding the company’s U.K. operations base. The 34-year-old marine salvage