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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

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

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

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

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

Northrop Grumman Newport News Wins $6M Contract

Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year

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

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

N-KOM: New VLCC Size Floating Dock

Donnelly Tankers vessel inside new VLCC size floating dock

Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015, having already delivered more than 450 projects for shipping and oil and gas companies over the past four

Oman Drydock Company Expands Rapidly

Dr Ahmed Al Abri - Oman Drydock Company Deputy CEO Operations WEB.jpg

Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.3 million sq. m. shipyard it aims to become a leading shipyard in the Gulf over the next five years

Wah Kwong Acquires DNV GL's ShipManager

Wah Kwong Ship Management and DNV GL - Signing ceremony

  Wah Kwong Ship Management (HK) Limited will adopt DNV GL’s ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting. Wah Kwong is a leading provider of maritime transport in the bulk carrier

Wah Kwong Adopts ShipManager

The signing ceremony. (DNV GL)

Wah Kwong Ship Management (HK) Limited will adopt DNV GL's ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting.   Wah Kwong is a provider of maritime transport in the bulk carrier, tanker and LPG segments

Technip Heavy Lift Vessel Drydocked

Photo: Damen

After having performed the life-time extension works on the Stanislav Yudin (owned and operated by Seaway Heavy Lifting) in 2013-2014 at Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion, the yard has been awarded a new contract by Technip for the drydocking

Spain's First Pure-Gas Marine Engine

Photo courtesy of Rolls-Royce

 Rolls-Royce has signed a collaboration agreement with Spanish energy company Gas Natural Fenosa to develop and install a pure-gas Bergen engine aboard the Baleària-operated ferry Abel Matutes. According to Rolls-Royce , the contract gives the company its first reference for a

BAE Systems to Expand San Diego Shipyard

As part of the San Diego Ship Repair expansion, BAE Systems will purchase a new, additional dry dock, shown here as a rendering of where it would be positioned at the shipyard. It will be the company’s largest dry dock in the United States, measuring 950-feet long and 205-feet wide, with a design lifting capacity of 55,000 tons. (Image courtesy of BAE Systems)

BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard.   The investment, which will include the purchase of a new drydock and a range of infrastructure improvements at the yard, aims to enhance ship repair

Detyens Wins $15.8m Ship Repair Contract

USNS Lewis and Clark (Photo: U.S. Navy Military Sealift Command)

Detyens Shipyards, Inc. has been awarded a $15,812,647 firm-fixed-price contract from the U. S. Navy’s Military Sealift Command for a 75-calendar day shipyard availability for the regular overhaul and drydocking of USNS Lewis and Clark (T-AKE 1).  

Drydocks World Completes NDC Rig Repair

Photo: Drydocks World

Drydocks World informs it has completed a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna.   Drydocks World’s rig services and offshore project management methodology turned around the major repair on Rig Beynouna ahead of schedule

Topaz Selects ABS Fleet Management Software

Offshore support vessel company Topaz Energy and Marine has selected ABS as its fleet management software provider.   Topaz will install the ABS Nautical Systems Fleet Management Software suite on 58 of its core vessels to more efficiently plan for maintenance work

Solstad Offshore Returns to Gibdock

Normand Pacific at Gibdock (Photo: Gibdock)

Gibraltar-based ship repair company Gibdock informs it has built up a close working relationship with Solstad Offshore, with a number of the Norwegian operator’s specialist offshore craft being repaired at the yard over the past few years

USCG Icebreaking Tug Up for Drydocking

USCG Cutter Katmai Bay on the Marine Travelift at Great Lakes Shipyard (Photo: Great Lakes Shipyard)

Great Lakes Shipyard awarded drydocking contract for USCG Cutter Katmai Bay   U.S. Coast Guard Cutter Katmai Bay (WTGB-101), homeported in Sault Sainte Marie, Michigan, arrived at Great Lakes Shipyard, Cleveland, Ohio, for drydocking, inspection, maintenance and repairs on July 8, 2015.

Great Lakes Towing Company Adds 4 Harbor Tugs

Tug Michigan (Photo: Great Lakes Towing Company)

The Great Lakes Towing Company, which operates the largest fleet of shipdocking tugboats on the U.S. Great Lakes-Saint Lawrence Seaway, has announced the addition of four more tugboats to its fleet. The four newly purchased tugs will be named after four of the Great Lakes; Tug Michigan

SEACOR Holdings Post 2Q Loss


  SEACOR Holdings Inc. today announced its results for its second quarter ended June 30, 2015. For the quarter ended June 30, 2015, net income attributable to SEACOR Holdings Inc. was $0.7 million, or $0.04 per diluted share. For the six months ended June 30, 2015

Gibdock Strengthens Position with German Owners

Photo: Gibdock

Gibraltar ship repair yard Gibdock said it is strengthening its impact within the German ship owning market. Working in partnership with its local agent, Hamburg-based Combitrade, the yard has managed to win a significant amount of business from some of the country’s shipowners and managers

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