Marine link
 

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


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


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.


BP Announces 2Q 2014 Interim Dividend

Logo Image

  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


BP's Interim Dividend for 2014

Logo

  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


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


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


2 Americans Rescued North of Cuba

Two Americans rescued

  A Coast Guard MH-60 helicopter crew rescued two American sailors whose vessel ran aground approximately 25 miles north of Gibara, Cuba, Friday. Watchstanders at the Coast Guard 7th District command center were first notified of the emergency Friday morning when a distress signal from


New MERUS Rings Aboard River Countess

Photo: Pronomar

Uniworld’s river cruise vessel River Countess set sail to cruise the lagoon of Venice and the thereto connected river delta. For doing so in accordance with the standards required for the Uniworld fleet, the vessel was equipped with MERUS rings for the complete domestic water system.


Ballast Water Management - A Major Dilemma

Pic: National Institute of Oceanography (NIO)

 The shipping industry, despite those who might suggest otherwise, has a very respectable record of environmental improvement stretching back very many years. It responds to societal demands to clear up pollution, to eliminate harmful emissions and operate in a more sustainable manner. 


Electrical Equipment Ordered for New Malaysian Navy Ships

L-3 SAM Electronics has been awarded a contract to provide the electrical distribution system for six Littoral Combat Ships (LCS) for the Royal Malaysian Navy (RMN), the company announced today. The ships will be built at the Boustead Naval Shipyard in Lumut, Malaysia


IHC IQIP Opens New Yard, Offices in Australia

IHC IQIP, part of Royal IHC, is expanding its global presence with a new office and yard in Perth, Australia.   With the acquisition of its Australian agent Machinery Supply on May 4, IHC IQIP reaches a new milestone in her aim to be a strong local partner for its clients


JSMEA Offers Access to Japan’s Offshore Suppliers

JSMEA website.jpg

New website and brochure provide a comprehensive list of Japanese suppliers to the offshore industry   The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units


Fugro Cut Costs on Market Downturn

Sales down 2.1 percent, order backlog falls 11 percent. Dutch marine services company Fugro said on Wednesday it would further cut costs and reduce the number of ships in its fleet in light of the continuing downturn in the oil market affecting its customers.


HEM takeover Makes Cathelco Water Treatment Leader

The company entered into the desalinator market after the acquisition of Seafresh Desalinators in 2010.

  Cathelco, the world leading manufacturers of equipment for ships, have acquired Hydro-Electrique Marine (HEM) the French specialists in desalinators and water treatment systems. The acquisition will make Cathelco one of the largest producers of shipboard water treatment systems in


SeaHow Skimmer System

SeaHow

New SeaHow skimmer systems – designed to collect both light and heavy oils efficiently – can be implemented in almost any work boat, starting with vessels only six meters long. SeaHow operates one of northern Europe’s largest fleets of oil spill response vessels


DNV GL Issues Design Guidelines for DP Operations

Aleks Karlsen

  Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods. More and more operators are asking their drilling contractors to operate their DP units in


JSMEA Offers Access to Japan’s Offshore Suppliers

JSMEA website.jpg

New website and brochure provide a comprehensive list of Japanese suppliers to the offshore industry The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units


New Marine Certification Services Company Launched

Seaworthy Ltd. launches new marine approval and certification specialist service for equipment manufacturers and system developers A new service provider for marine equipment manufacturers and system developers has entered the industry. Seaworthy Ltd


Huisman Opens Production Facility in Brazil

Photo: Huisman

 Huisman officially opened its new production facility in Navegantes, Santa Catarina state, in the south of Brazil on Thursday, April 16. The facility is used for the manufacturing of offshore equipment for the Brazilian market. It is located along the Itajai-Açu river


Safety at VIKING Scales New Heights

VIKING’s arctic suit triumphs over extreme temperatures_PS5002

  A record-breaking offshore evacuation system is one of several highlights to be presented at the stand of leading marine and fire safety equipment and service provider VIKING Life-Saving Equipment (VIKING) at OTC 2015 in Houston, Texas.   Chuting for the top


Variable Bore Rams is 35

Celebration Logo

  Variable Bore Rams, Inc. (VBR), one of the largest original equipment manufacturer (OEM) ram and BOP component providers in the world, is celebrating its 35th year of providing exceptional support and service to blowout preventer operators.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright