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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'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


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 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


Dangers of Neglecting on Board Welding Equipment

Photo courtesy of WSS

Wilhelmsen Ships Service (WSS), who conducts safety inspections of onboard welding equipment and consumables at 26 ports throughout the world, said its findings reveal how a lack of maintenance, respect and care for this essential, yet highly dangerous, technology is putting safety


Container Equipment Prices Nosedive - Drewry

Container newbuilding prices (US$) Source Drewry Maritime Research

Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry.


Shell Bids for Dutch Offshore Wind Farm

Royal Dutch Shell is participating in a consortium bidding in a Dutch government tender to build two 350 megawatt wind farms off the Netherlands' southern coast.   Shell, bidding together with energy company Eneco and contractor Van Oord NV


Life Extension for World’s Oldest Icebreaker

Voima (Photo: Arctia)

A comprehensive dry docking and life extension plan has been set out for the 62-year-old Finnish icebreaker Voima, continuing its run as the world’s oldest operational icebreaker. Commissioned in 1954, Voima is part of Arctia’s icebreaker fleet and has demonstrated its reliability


Repair of Two Semi-submersible MODU Completed

Repair of Polyarnaya Zvezda and Severnoye Siyaniye, semi-submersible mobile offshore drilling units (MODU) of the sixth generation, has been completed under survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard Ltd. in Yantai, China. Mr


Crystal Charters Escort Vessel for Arctic Cruise

RRS Ernest Shackleton (Photo: Crystal Cruises)

When cruise liner Crystal Serenity sets off on its 32-day expedition voyage through the Northwest Passage from Anchorage to New York August 16, she will be escorted by the RRS Ernest Shackleton.   Crystal Cruises recently secured RRS Ernest Shackleton for the voyage via a charter party


MARAD Grants $4.9 Million for US Shipyards

Photo: Chesapeake Shipbuilding

The U.S. Department of Transportation’s Maritime Administration (MARAD) today awarded $4.9 million in grants to support capital improvements at nine small shipyards located throughout the United States. Provided through the Small Shipyard Grant Program


SSA Showcases OSV Sector with OSV@Vivo 'Open House'

Dedicated Volunteer from Vroon Offshore Services Pte. Ltd.

OSV@Vivo has been taken to the heart of the Singapore public with an anticipated 4,000 visitors, expected to throng the two state-of-the-art Offshore Support Vessels (OSV) “Pacific Legacy” and “VOS Prince” moored at local shopping mall Vivocity Waterfront Promenade from 21


Kalmar's Straddle Carriers for HHLA CTB

Kalmar Electric Straddle Carrier Photo Kalmar

Kalmar, part of Cargotec, has secured an order for nine diesel-electric straddle carriers from the leading European port and transport logistics group Hamburger Hafen und Logistik AG (HHLA). The order was booked in Cargotec's 2016 first quarter order intake


MacGregor's RoRo Access Systems for Car Carriers in Japan

MacGregor RoRo cargo access equipment is installed on the majority of the world’s car carriers Photo MacGregor

MacGregor has received orders from two Japanese yards to deliver comprehensive RoRo access equipment packages for four car carriers. The equipment will be delivered during Q3 in 2017. The orders are booked into the first quarter 2016 order intake.  


Cavotec, ABB Partner on Shore-to-ship Power

Photo: Cavotec

Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug into onshore power supply and shut down their engines, eliminating noxious emissions


Sellick Equipment to Open New Facility

Image: Sellick Equipment

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager, held a ground breaking ceremony for a new multimillion dollar, 120,000 square feet manufacturing plant.  


OMB - Subchapter M Cleared for Publication

File Image: an aerial view of a typical fleeting operation on Americas inland rivers (WCI)

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The document has been returned to the Department of Homeland Security (DHS) and the US Coast Guard for final preparation prior to


FMT Invests $3.7 Mln into its Terminals

Federal Marine Terminals (FMT) has announced $3.7 million in investments, including $1.7 million for a new crane, $1.3 million in new forklifts, and $700,000 in other equipment and gear for seven of its 12 terminals. According to FMT, these investments will enable the group to make strides in


Gard Alert: Is Fuel in your Emergency Equipment Fit for Purpose?

Image: Gard

 Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship. A lifeboat with its full complement of persons is just getting away from the emergency scene when the






 
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