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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


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


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


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.


UK Budget is Good News for Shipping Sector

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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


EC Clearance for Ferry Consolidation

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


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


Dometic to Debut New Product Line at Workboat

Dometic Thermoelectric Cup Cooler

New products on display will include the Dometic Cup Cooler, the Smart Touch Integrated Intelligence Control system and the Dometic Sea Xchange watermakers; attendees can also check out Dometic’s Livos engine ventilation equipment and DuraSea cooling systems   


Sea Star Line: Equipment Replacement Plan on Track

Photo: Sea Star Line

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’ refrigerated containers ordered as part of its equipment replacement plan announced in August 2014


MacGregor's Hatlapa Brand is 95 Today

Today Hatlapa branded winches, compressors and steering gear are sold worldwide. The portfolio includes anchoring, mooring and cargo handling equipment with electric variable frequency drives (VFD), and low-pressure hydrau

November 2014 marks the 95th anniversary of MacGregor's Hatlapa brand. Since its foundation in 1919 by German engineer Max Hatlapa, the formerly independent Uetersen-based company has strived for engineering excellence. Last year, in recognition of these qualities and the benefits that Hatlapa


RSC Bio Solutions: SVGP Compliant Fluids & Cleaners

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RSC Bio Solutions said that its EnviroLogic Environmentally Acceptable Lubricants (EALs), including hydraulic, stern tube and thruster oils, and SAFECARE cleaners and their constituent components have been evaluated by independent laboratories to meet the U.S


Kalmar SmartStack goes live

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Kalmar, part of Cargotec, has implemented the Kalmar SmartStack solution at Durban Container Terminal (DCT) in South Africa for real-time container inventory reporting and management. This is the first terminal to implement Kalmar SmartStack using the narrowband communication network involving


American Sensor Technologies Achieves ATEX Certification

ATEX-Approval-43&46 Series

  American Sensor Technologies, Inc. (AST) has achieved ATEX certification of its Explosion Proof Pressure Transmitters for Class I Zone 0 Exd hazardous locations. The added approvals enhance the ability for equipment manufacturers to specify AST pressure transducers as the sensors can now


BP's 3Q Interim Dividend for 2014

BP Logo

  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


SERS Partners IEMS for Enhanced Oil Spill Response Services

Enhanced Oil Spill Response Services

  Dubai-based Swire Emergency Response Services (SERS), a fully owned subsidiary of Swire Pacific Offshore group, announced its partnership with Mediterranean-based International Environmental and Marine Services (IEMS) to jointly provide Tier 2/3 response services to clients in Europe


Liberian Registry, MOL Provide Supplies to Ebola-hit Liberia

LISCR staff with the MOL packages

The Liberian Registry has used a $10,000 donation from Mitsui OSK Lines (MOL) to procure medical supplies to help combat the spread of Ebola in Liberia. The supplies, comprising essential materials and medical equipment such as PPE (Personal Protective Equipment) suits, gloves


USCG Warns on Hull Magnet Modifications

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This alert raises awareness as to the importance of not modifying equipment or components from their intended design or operation.  Recently, a State Pilot suffered a concussion as he was boarding a vessel via its pilot ladder.  The primary cause of the accident was an improperly


PDVSA's Cardon Refinery Slowed by Equipment Outages

Venezuela's state oil company PDVSA said its 310,000 barrel-per-day Cardon refinery was hit by an electrical fault during a weekend storm, resulting in the halting of some units. A storm on the Paraguana peninsula knocked out electricity late on Saturday, the company said in a statement.


Kalmar's 18 Forklift Trucks for Algerian Ports

Kalmar to deliver forklift truck

  Kalmar, part of Cargotec, is delivering 18 forklift trucks to four different port authorities in Algeria: Algiers, Bejaia, Djen Djen and Mostaganem. The order was awarded by the Algerian port procurement company, Groupement D'Interêt Commun Des Entreprises Portuaires (GICEP) in April


New Cargo Hold Cleaning Solution from WSS

Wilhelmsen Ships Service (WSS) unveiled an upgraded cargo hold cleaning solution, combining cleaning agents and mobile equipment to help shipowners, operators and crews stay safe and compliant on a global basis. The kit includes everything the crew needs, it is easy to assemble and ready to use


Wärtsilä Propulsion Equipment for 2 Fishing Vessels

Lunar Fishing

  Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment. The ships have been contracted by Lunar Fishing, the Scotland based fishing company and will operate in the


Kirby Corp. Announces Record 3Q Results

Kirby CEO Joe Pyne (Photo: Greg Trauthwein)

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30






 
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