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STERLING EQUIPMENT

Donjon to Build Hopper Barges for Sterling

Photo: Donjon Shipbuilding

Donjon Shipbuilding and Repair, located in Erie, Pennsylvania, was recently awarded a contract by Sterling Equipment of Quincy, Massachusetts to construct two hopper barges, with an option for a third. The principal dimensions of these barges are 225’ long x 42’ wide x 12’ deep. Delivery of the barges is to be made by the middle to end of August 2013. Donjon Shipbuilding & Repair's facility, equipped with 1,250 ft. by 120 ft. by 22 ft. dry dock, is one of the largest shipyards of its kind on the Great Lakes. The facility includes 4,000 ft. of pier space and more than 200,000 square ft. of production area, with fully enclosed fabrication and assembly buildings housing fully automated cutting, fabrication, and coating equipment sufficient to build and maintain everything from deck barges to ocean-going ships. www.donjonshipbuilding.com  


UK Urged to Change Capital Gain Calculation Methods

Moore Stephens tax partner Sue Bill.

Moore Stephens calls for rethink on capital gains exchange rate distortions on ships.   International accountant and shipping consultant Moore Stephens has urged the UK government to remove exchange rate distortions when calculating capital gains on ships.   Moore Stephens tax partner Sue Bill explains, “Currently, all capital gains and losses subject to UK corporation tax are calculated by reference to sterling


Carnival Increases Quarterly Divident by 25 Percent

Carnival Corporation & plc announced that it has declared a quarterly dividend of $0.25 cents per share -- an increase of 25 percent. The dividend is payable on December 9, 2005, to shareholders of record on November 18, 2005. With today’s announcement – combined with previously announced dividend increases in April 2005 and October 2004 – Carnival’s quarterly dividend has doubled in just over 12 months.


Moore Stephens: UK Budget "encouraging" for Shipping

Moore Stephens tax partner Sue Bill

INTERNATIONAL accountant and shipping adviser Moore Stephens says the UK Budget 2012 contains some encouraging signs for the shipping industry.   The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case


Indian FPSO Finance Secured by Malaysian Operator

Bhumi Armardi FPSO: Photo courtesy of Bumi Armada

Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million (facility) from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank


BP Announces 2Q 2014 Interim Dividend

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  On 29 July 2014, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 19 September 2014 to shareholders on the share register on 8 August 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to


Seismic Survey Offshore NW Australia by TGS

Geoscience providers TGS announce a fourth 3D multi-client seismic survey, 'Honeycombs'. Honeycombs, covers 2,500 km2 over the Exmouth Plateau in the Northern Carnarvon Basin, offshore NW Australia. This survey is located over acreage with 50% relinquishment due in February 2013 and is adjacent to the previously announced NW Australia survey (Mary Rose) in October 2011. Upon completion of this survey, the TGS portfolio of 3D multi-client coverage in this highly prospective area offshore


UK Budget is Good News for Shipping Sector

logo moore stephens.gif

International accountant and shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector. Measures which will have an impact on the shipping industry include a reduction in the main rate of UK corporation tax.  This is 23 per cent for the year ended 31 March 2014, reducing to 21 per cent from April 2014. A further reduction to 20 per cent from April 2015 has now been announced.  


TT Club Calls for Increased Port Safety

Photo courtesy of TT Club

In a speech given to the Trans Middle East Conference in Qatar in May, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club, called for operators to do more to minimize the causes of incidents resulting in bodily injury, cargo and property damage. Analysis of extensive TT Club data has shown that over 80% of insurance claims related to cargo handling at ports and terminals are the result of operational shortcomings or poor equipment maintenance


BP's Interim Dividend for 2014

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  On 28 October 2014, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2014 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 19 December 2014 to shareholders on the share register on 7 November 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to


Furuno's Bridge Systems for Holland America Cruise Ships

State-Of-The-Art Bridge Navigation Systems

  The extensive global network of Furuno service centers, subsidiaries and distributors was one of the reasons that Holland America Line (HAL) chose Furuno when it was time to retrofit their cruise ships with the very latest in a fully integrated navigation system.


BSEE Tests GoM Response Equipment

Photo: BSEE

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) informs it has recently tested and verified the sound working condition of various response equipment used in the Gulf of Mexico region.   Analysts with BSEE’s Oil Spill Preparedness Division boarded the pollution control


Self-lubricating Bearing Polymer: Safe, Easy to Machine

Photo: Vesconite

Many plastics and metallic alloys present machining challenges as some deform and are difficult to maintain exacting tolerances, while others require strict and costly adherence to environmental regulations. Vesconite claims to solve these issues with a high-performance bearing polymer that is


Fond Farewell to HMAS Tobruk

Decommissioning of HMAS Tobruk

The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP, and Chief of Navy Vice Admiral Tim Barrett, AO, CSC, RAN, today attended the decommissioning of HMAS Tobruk to bid the ship a fond


JNPT Installs ECIL's Radiological Detection Equipment

Neeraj Bansal, Chairman in-charge JNPT (left) receiving the Radiation Detection equipment from P. Sudhakar, CMD, ECIL (right) in the presence of Dr. R.K.Sinha Chairman, AEC and Secretary, DAE)

  P.Sudhakar, Chairman & Managing Director, Electronics Corporation of India Limited (ECIL) handed over a critical homeland security system - Radiological Detection Equipment (RDE) to Neeraj Bansal, Chairman In charge, Jawaharlal Nehru Port (JNPT), Mumbai in presence of Dr. R.K


NYK, MTI Develop UMS Check System

Photos of UMS Check System

NYK and the Monohakobi Technology Institute have jointly developed a Unmanned Machinery Space (UMS) check system, the first time a Japanese shipping company has developed such a system. Before an engine plant and equipment are operated unattended (e.g


Marine Construction: Equipment Drives Efficiency

When the crew at O’Quinn Marine Construction put its new JCB telehandler to use, they were amazed at its ability to maneuver around small areas while easily lifting up to 14,000 lbs. (Photo: JCB North America)

Driving over a bridge, walking on a pier or even docking a boat are activities most people take for granted. Have you ever given any thought to how those structures are constructed over water with the ability to last for generations?  


Shell Arctic Vessels, Capping Stack Inspected

Photo: BSEE

Shell Oil Co. marine vessels Noble Discoverer and the semisubmersible drilling unit Transocean Polar Pioneer were inspected by two Bureau of Safety and Environmental Enforcement (BSEE) personnel in Dutch Harbor, Alaska July 7-12, BSEE announced.  


Crowley Bolsters LNG Equipment Fleet

Photo: Crowley

Crowley Maritime Corp. informs it has responded to increased market demand, acquiring 16 additional ISO tanks for its Carib Energy group that will be used to supply, transport and distribute U.S.-sourced liquefied natural gas (LNG) to customers in Puerto Rico, the Caribbean and Central America


Container Equipment Leasing Rates Hit Record Lows

Development of per diem rental rates and ex-factory prices for newbuild 20ft standard container placed on long-term operating lease (LTL), 2004-16 (Source: Drewry Maritime Research)

Container equipment rental rates came under renewed pressure in 2014 and by mid-2015 new dry freight pricing was at a 10-year low, while lease rates had fallen to an all-time low, according to the latest edition of the Container Leasing report published by global shipping consultancy Drewry


Tracking Field Equipment in Harsh Environments

Geoforce (Image: OriginGPS)

OriginGPS’ Spider GPS Module Provides Geoforce GTx Series with Low Power Consumption and Precise Location to Track Container Fleets and Oil and Gas Assets    OriginGPS announced that Geoforce, an international provider of asset management solutions for oil and gas and other


New Standard for Offshore O&G Project by DNV GL Led JIP is Cost Saving

DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI) that will establish a new international

  Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI)


US: Shell is Not Yet Allowed to Drill in Arctic Oil Zone

Fennica (Photo: Arctia Shipping)

The U.S. Interior Department on Wednesday granted Royal Dutch Shell two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region.  


MHI, MHPS in Consolidation Mode for Enhanced Competitiveness

Nagasaki Shipyard and Machinery Works

  Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have planned to reorganize their  their Nagasaki Shipyard & Machinery Works and Nagasaki Works respectively. The coordinated decisions are aimed at further strengthening global competitiveness


Almarin: 85 Years Strong

Patrick Lindley, CEO, Grupo Lindley

Your company is celebrating its 85th anniversary this year. Please provide an overview of your activities.     The Lindley group of companies began its activities in 1930 with the establishment of Ahlers, Lindley, Lda. as a distributor of harbour and industrial equipment in Lisbon






 
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