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Star Bulk to Change Accounting Policy for Drydocking Costs

Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel drydocking costs from the deferral method, under which the company deferred and amortized its drydocking costs over the estimated period of benefit between drydockings, to the direct expense method, under which the company expenses all drydocking costs as incurred. There have been no drydocking costs that the company has incurred prior to the first quarter of 2008, therefore, there will be no impact on the Company's prior financial statements as a result of the adoption of this change in policy. The Company believes that the new direct expensing method eliminates the significant amount of subjectivity that is needed to determine which costs and activities related to drydocking should be deferred. The first effect of this change in accounting policy, will appear in the Company's results for the quarter ended March 31, 2008. This change in accounting policy will not impact the Company's dividend distributions per share, given that the Company has a fixed dividend policy.

Detyens Completes First Drydocking For Celebrity

Celebrity Cruise Lines has completed its first ever drydocking with Detyens Shipyards, Inc (DSI). ZENITH docked at the Charleston, South Carolina facility from October 24, 2005 thru November 3, 2005. The scope of work included: regular drydocking maintenance along with sea valve renewals, blade seals and polishing, anchor chains, bow and stern thruster seals, overhauling of the bow thruster, the dismantling and overhauling of the stabilizers, the application of the silicon base AF coatings

Great Lakes Shipyard Awarded Ferry Repair Contract

Photo courtesy of Great Lakes Shipyard

Great Lakes Shipyard has been awarded a drydocking contract for Miller Boat Line’s M/V Put-In-Bay.   The ferry was hauled out using the 770-ton capacity Marine Travelift at Great Lakes Shipyard. The repair contract includes drydocking, inspection and repairs, hull cleaning and miscellaneous fabrication and steel repairs.   This is the first drydocking for M/V Put-In-Bay at Great Lakes Shipyard since Spring 2010

Dockmaster's Training Seminar Offered

Heger Dry Dock will present its four-day Dockmaster's Training Seminar during May 2000 in Seattle, Wash. Held from May 2-5, the course will provide the latest information on dry docks, and drydocking techniques to dockmasters, marine engineers, naval architects and others involved in the docking vessels. Topics for discussion throughout the course will include dry dock accidents, types of docks, ship characteristics important to drydocking and docking procedures

Wightlink Extend Repair Agreement with A&P Southampton

Following the successful annual drydocking and refit of the Wightlink fleet of passenger/car ferries since January 2001, A&P Southampton and Wightlink have announced the signing of a revised annual drydocking and maintenance agreement for a further three years. This new agreement has been extended to include A&P Shipcare (Portsmouth) for all in service repair needs. A&P Southampton Managing Director, David Parry

Keppel secures contract for Qatargas LNG carriers

Keppel Shipyard Limited (Keppel Shipyard) has entered an Alliance Service Agreement for the drydocking of a fleet of Moss Rosenburg (MOSS) type of Liquefied Natural Gas (LNG) carriers chartered by Qatar Liquefied Gas Company Ltd (Qatargas). The five-year agreement was signed with MO LNG Transport Co., Ltd (MOL), Nippon Yusen Kaisha Ltd (NYK) and Kawasaki Kisen Kaisha Ltd (K-Line). The vessels under the fleet agreement are Al Zubarah, Al Khor, Al Rayyan, Al Wajbah, Broog, Zekreet

BHO Refinances To Acquire Vessel

B+H Ocean Carriers Ltd. has acquired a 98,000dwt OBO, or combination carrier, committed to a Time Charter at $27,000 from delivery through March 13, 2006, plus or minus one month. The vessel will be delivered to the Company during April. This vessel, to be renamed Sachuest, has some particularly attractive attributes in the present market environment, the Company said, including the ability to trade as both a tanker and a dry bulk carrier, plus the fact that it has 24

Qatar Drydock has 7 LNG Carriers Under Repair

In Qatar, Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has 7 ocean-going LNG carriers in its drydock for  repairs, overhauls As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects reports LNG World News. The seven LNG carriers (Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Gharrafa

Great Lakes Shipyard Completes USACE Repairs

Photo: Great Lakes Shipyard

Great Lakes Shipyard announced it has completed a multi-vessel drydocking and repair contract for the United States Army Corps of Engineers (USACE) Detroit District Floating Plant, and all vessels were redelivered on December 28, 2015.   This was the first time the Detroit District Floating Plant has been drydocked using Great Lakes Shipyard’s 700 metric ton capacity Marine Travelift. The shipyard hauled out Tug Demolen and Deck Scow BC-6576 on October 26

NNS Fixes Paradise's Pod

hen the 70,367-ton, 855 ft. (260.6 m) Carnival Paradise arrived at Newport News Shipbuilding for emergency repair on its Azipod propulsion system, it marked a milestone in ship repair history as no U.S.-based yard had ever performed work on the advanced pod system. The vessel arrived for drydocking at the yard on July 25, where the NNS crew prepared it in time for its next scheduled sailing date on August 20. MR/EN had the opportunity to speak with Becky Stewart, NNS' director of ship repair

Ecospeed Pays Dividends for Interscan

The 3000dwt general cargo vessel Patriot was coated with Ecospeed in 2005 Photo Ecospeed

Trading in ice is the toughest challenge for a hull coating. Regular anti-fouling paints or simple epoxies are usually scraped off by the constant abrasion of the ice, and extra drydockings are needed to repaint, often after just one season.

Underwater Inspections a Boon - Hydrex

Courtesy Hydrex

Building upon conventional technical skills and know-how while also taking advantage of the latest technology, Hydrex offers a unique hull monitoring service to its customers. This gives shipowners total control of their ship's hull condition and consequently its performance

Abu Dhabi Ship Building Commissions First Floating Dock

Photo: ADSB

Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering.   “The addition of the floating drydock contributes to our commitment to expand our service offering

Pods Versus Water Lubricated Props

Image: Thordon Bearings

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded propulsion arrangements in order to provide shipowners with a better understanding of the two very different propulsion configurations.

MN100: International Paint

Dave Heflin (Photo: International Paint)

The Company: For over 130 years, AkzoNobel’s Marine Coatings business, International, has pioneered the development of market-leading coatings for the shipping industry. The firm prides itself in its commitment to innovation, continual investment in research and development and a resolute

Damen Completes Thor Facelift

Thor undertakes refurbishment Photo Damen Shipyards Dunkerque

The DP1 jack-up vessel Thor owned by the DEME Group has completed a short stay at Damen Shiprepair Dunkerque (DSDu). During her time at the yard her hull was repainted in the new DEME livery and her thrusters inspected. Measuring 70 metres by 40 metres

Gibdock Overhauls Solstad Cutter Propulsion System

Normand Cutter at Gibdock Courtesy Gibdock

Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel (CSV) left the yard on June 29th following a 22-day drydock programme

Solstad CSV Gets Propulsion Overhaul at Gibdock

Normand Cutter at Gibdock (Photo: Gibdock)

Gibraltar’s Gibdock shipyard has completed its scope of work on Solstad Shipping’s Normand Cutter, a 127-meter-long, 10,979grt construction support vessel (CSV) that left the yard on June 29 following a 22-day drydock program, which included an overhaul of its entire propulsion system

Canadian Con-Ro Pair Drydocked in Gibraltar

Oceanex Sanderling  (Photo: Gibdock)

Gibdock's ro-ro and container ship repair work continues, following the drydocking of two con-ro vessels operated by Canadian shipowner, Oceanex. Oceanex provides intermodal transportation services to the Canadian Atlantic provinces of Labrador and Newfoundland. 

Singapore Shipping Profits Up

Photo:  Singapore Shipping Corporation Limited

 Singapore Shipping Corporation(SSC)'s  net profit increased 7.8 per cent to US$9.6 million for the financial year ended March 31, 2016, compared to the previous year.   Revenue rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier.  

Damen's Oranjewerf Yard ISO 9001:2008 Certified

Damen Shiprepair Oranjewerf (Photo: Damen)

Damen Shiprepair Oranjewerf (DSO) has become the latest Damen ship repair yard to receive ISO 9001:2008 certification, demonstrating that the yard fulfils the requirements of the defined management system standards to consistently provide a high quality service that meets all customer

Great Lakes Shipyard Performs USCG Drydocking

Photo: Great Lakes Shipyard

On April 25, Great Lakes Shipyard hauled out the U.S. Coast Guard’s 125’ x 52’ Aids to Navigation Barge (12001). Using the Shipyard’s 770-ton Marine Travelift, the yard lifted the 620-ton AToN barge quickly and easily, and placed it on drydocking blocks.  

Ferry Drydocking Completed on 2-day Turnaround

Photo: Great Lakes Shipyard

Great Lakes Shipyard hauled out the Kelleys Island Ferry Kayla Marie on April 18 for its USCG five-year inspection survey. The yard completed all work, and refloated the vessel two days later, on April 20. The vessel was able to immediately return to service

Cathelco Wins Trio of Orders for ICCP Systems on FPSOs

Photo: Cathelco

Cathelco have won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore.   The FPSO Cidade de Campos dos Goyatacazes is being built by MODEC

Strategic location drives Gibdock booking surge

Gibdock reports strong yard occupancy through the last quarter of 2015, with bookings sustained through the first quarters of 2016. Photo Gibdock

   A surge in bookings by new and repeat customers into the first two quarters of 2016 suggest the strong performance registered by Gibdock in 2015 will continue next year. The Gibraltar-based repair and conversion yard enters its customary busy ferry season buoyed by repeat business

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