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
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 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.
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
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
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.
P&O welcomes the announcement by the European Commission that it has cleared the Group's proposed purchase of Stena Line's 40 percent shareholding in P&O Stena Line. The transaction is expected to complete during the next week. P&O Chairman Lord Sterling said: "We are delighted to have received clearance from the EC. We can now proceed on schedule with the planned consolidation of our ferry businesses. By managing the businesses together we will be able to maximise synergies and growth
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
Fincantieri shipyard group has been confirmed as an event partner for Cruise + Ferry 2007 in London this April, joining some of the industry's biggest names for a three-day trade show and the most comprehensive conference program in the event's history. The company will occupy a custom-built stand manned by senior purchasers and specifiers from its eight yards. Giants of the industry will also be represented in the line-up of conference
Peninsular & Oriental Steam Navigation Co. posted full-year profits ahead of expectations last week, and said the recently announced demerger of its cruises division would be completed in October. The results, which included an attempt to reassure investors that the company was not facing pricing pressures in its Princess cruise unit, initially pleased investors, perking up the shares six percent. But lingering concerns over possible discounting and worries that P&O is not hedged against
Inventive steel processing companies provide the backbone for infrastructure, transport, shipping and consumer goods sectors. One such company, Ferrocut Australia, was called on by the Royal Australian Navy’s Australian Submarine Corporation (ASC) Air Warfare Destroyer (AWD) Shipbuilder
Rolls-Royce has announced that it has won an order to provide design and integrated equipment packages for two UT 771 WP platform supply vessels to be built by Sinopacific Shipbuilding Group Co. Ltd (SINOPACIFIC), a shipbuilder in China. The contract incorporates MTU-engines as part of an
Wilhelmsen Technical Solutions (WTS) say they have secured multiple orders to supply Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels under construction for operations offshore China. The Maritime Protection systems will be installed on three FPSOs for oil major
Marine and fire safety equipment leader VIKING Life-Saving Equipment (VIKING) and MOL Techno-Trade Ltd. (MOLTECH) have entered a strategic alliance and sole agency agreement, establishing MOLTECH as the exclusive agent for VIKING in Japan.
Maritime training provider Seagull announced the release of an equipment specific training module for Japan Radio Co Ltd (JRC)’s ECDIS systems. Developed in close cooperation with JRC, one of the world’s leading ECDIS manufacturers
International private maritime security company Sea Marshals Ltd. has expanded into new premises to cope with its growing workload, particularly in the Gulfs of Guinea and Aden. Sea Marshals marked its expansion with an open evening held at its new 4
Following the signing of a memorandum of understanding (MOU) earlier this year, VEEM Ltd. has now agreed territories and principle responsibilities with the Italian marine equipment distributor SAIM Group. SAIM Group will be responsible for increasing awareness of the Australian engineering
The propeller had been lost earlier this month from the Interislander ferry, the 'Aratere', which is expected to be out of service for 6 months as a result, but the propeller has now been found in Cook Strait by Seawork Salvage Co., contracted by KiwiRail, reports Radio New Zealand.
Dock landing ships 'USS Ashland' (LSD-48) and 'USS Germantown' (LSD-42) have replaced aircraft carrier 'USS George Washington', in the concerted efforts to extend relief efforts to typhoon victims in the Visayas region of the Philippines. Ashland and Germantown have aboard a combined total of
Products Join 100, 3000 Series Hydraulic Fluids and Safecare Cleaners as VGP Environmentally Acceptable Products that Deliver Technical Feasibility to Marine Industry. RSC Bio Solutions has announced that its EnviroLogic 200 and 200 EP series of Environmentally Acceptable Lubricants
Following recent reports in the media regarding the use of Emergency Position Indicating Radio Beacons (EPIRBs) the Department of Transport, Tourism & Sport wishes to clarify the position regarding the approval and use of EPIRBs in Ireland.
Fugro Voyager, a purpose built DP2 geotechnical drilling vessel, is entering service with Fugro’s Offshore Geotechnical Division to expand its operations in the frontier areas of the Asia Pacific region. Specifically designed and built to address the varied demands of the region’s
The Defense Logistics Agency (DLA) recently presented Crowley Maritime subsidiary Houston-based TITAN Salvage with its Hurricane Sandy Award for exhibiting “unprecedented support” immediately following the storm that devastated much of the Northeastern coast in late October 2012.
Specialist seabed mapping company Osiris Projects has this week launched the fifth vessel in their fleet, the 14m GRP catamaran MV Proteus. Designed to provide an excellent working platform for coastal survey operations, MV Proteus can work up to 60 miles from a safe haven under MCA Category 2 and
Russia's Rosneft, Gazprombank, Sovcomflot with Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding (MOU) on key terms of co-operation to establish a shipbuilding and industrial cluster in the southern part of Primorskiy Krai