The Marshall Islands register has introduced a new pricing scheme to increase its competitiveness in big ships types such as Capesizes and VLCCs. The scheme came into effect on September 1, 2002. "We reduced annual tonnage tax three years ago from .25 a gross ton to .20 a net ton, and now we have launched an alternative scheme that is more favourable for the big ships", said Bill Gallagher, president of International Registries, Inc., which runs the register. He said the register would reach 15 million gross tons and 500 vessels by the end of 2001, and 20 million tons gross by 2004. He said electronic recording of mortgages, the absence of hidden costs like consular fees and low cost seafarers documentation were aiding the rapid growth. "The register is dominant in the U.S. market, but fast growth is coming from Greece and Germany, with over a hundred vessels", he said.
Launch of OW Bunker's new Beijing office is in response to market demand for bunker supplies across China OW Bunker, a leading suppliers and traders of marine fuel, has announced the opening of a second office in China. The move supports its growing customer base in the region, and is designed to capitalise on opportunities presented by the strong growth in the Asian markets. OW Bunker has had a presence in China since 2006 with an office in Shanghai.
According to reports, Dubai Drydocks will launch its $60 million newbuilding panel line and steel structure assembly facility in July. The yard, whose current shipbuilding facility has a monthly turnover of 2,800 tonnes of steel, plans turning over similar volumes of steel per month for the newbuilding. It is already building the gravity base structure for a 10,000 steel construction with an extensive piping arrangement and four 6,200 dwt bunker tankers due to be delivered in March.
Pemex, Mexico's state oil company, will launch new companies next year as it restructures following landmark energy reform, Pemex Chief Executive Officer Emilio Lozoya told local radio on Monday. "The business plan that we're considering for the next year will involve an internal restructuring," Lozoya said. "We will be launching various new companies that will be 100-percent-Pemex owned in order to run certain businesses more efficiently."
Hempel launches new cargo hold coating offering best-in-class performance and value Leading coatings manufacturer Hempel announced today the launch of Hempadur Impact 47800, a new dedicated coating for bulk carrier cargo holds. Hempadur Impact offers high-end abrasion, impact and corrosion resistance, and completes Hempel’s range of cargo hold coatings. Hempadur Impact is a new dedicated cargo hold coating for shipowners who want a high-performance cargo hold coating with a very
Worldwide luxury yacht brokers, '26 North Yachts' launches new website with reviews, information on over 80 yacht manufacturers Fort Lauderdale-based luxury yacht brokerage firm 26 North Yachts recently launched an upgraded website that the company beliieves sets a higher standard for luxury yacht sales and purchase. Stated to be comprehensive in its scope and coverage, 26NorthYachts.com provides extensive information and reviews on over 80 luxury yacht manufacturers
Inchcape Shipping Services (ISS) launched new operations in the Kingdom of Saudi Arabia, providing ISS with a presence in one of the largest industrial and project-orientated economies within the Middle East. In creating the new entity, ISS has signed a joint venture agreement (JV) with Al Bakri Group of Saudi Arabia. The JV, known as ISS Saudi Arabia will provide customers with marine, cargo and government services as well as survey and liner agency; all specifically tailored to
Starting in December 2014, IHC Sealing Solutions will operate under the new – but also old and trusted – name of Lagersmit. The new pay-off line ‘The Origin of Sealing Solutions’ pays tribute to the company’s rich history and its desire to supply the best sealing solutions, now and in the future. On 28 November 2014, the new name was unveiled at a party for the employees of the ‘new Lagersmit’. Why this new name and pay-off line?
Inmarsat Limited have launched the commercial availability of the Fleet F55 and Fleet F33. The new Fleet services incorporate global voice and a range of fax and data services. According to the manufacturers, Inmarsat Fleet F55 and F33 bring the benefits of satellite communications to vessels which were previously restricted by size and cost of terminal hardware. Maritime information, such as sea and weather charts, can now be accessed online and updated in real-time
Blount/Barker Shipbuilding launched a 55-ft. twin screw harbor tug on March 8 at the company’s shipyard in Warren, R.I. Special features ordered by the purchaser, Tutor-Saliba/Koch/Tidewater JV of Sylmar, Calif., include push knee for towing jumbo barges. The vessel will be used in the seismic retrofit of the Richmond-San Rafael Bridge in northern California, which was damaged in a recent earthquake. The twin screw tug is powered by two Caterpillar 3412C diesel engines producing 615 hp
Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday.
DSC Dredge, LLC, announced it has launched a new website, www.dscdredge.com, featuring a updated look, improved navigation and enhanced functionality. DSC said it took significant time in creating its new website to think through not only how the company does business
Marioff Corporation Oy has announcd the launch of a new HI-FOG Electric Pump Unit (EPU) for the high-pressure water mist fire suppression segment. Incorporating closed loop pressure control, the EPU revolutionizes pumping technology for high-pressure water mist technology
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.
Volvo Penta has introduced a new line of EPA Tier 4 Final/EU Stage IV PowerPac industrial open power units for OEM manufacturers. Volvo Penta is initially deploying the PowerPac systems in the Americas, and will roll out the products for industrial customers worldwide through the
Dales Marine, a privately owned ship repair companies in Scotland, has enhanced its portfolio by introducing two new services to support the growing needs of the shipping and offshore industry. In addition to its capabilities for working in ship repair and maintenance
Helm Operations has launched new software Helm CONNECT Jobs, specifically designed to support tugboat owners and operators in a range of customer-facing tasks including contract management, tariffs, billing, dispatch and vessel logs.
CMA CGM strengthens its historical presence on the Mediterranean market by connecting France, Spain, Turkey, Lebanon, Egypt, Malta and Algeria direct. CMA CGM offers a direct connection between East Med and West Med. CMA CGM has announced the launch of the first Group’s
Robert Allan Ltd. and Sanmar introduce the new VectRA series of Voith tractor tugs The new VectRA 3000 Class Tug is a high performance VSP Tractor tug designed by Robert Allan Ltd in close collaboration with Turkish ship builder Sanmar and Voith Turbo Propulsion
Sentinel, a Beier Radio company, has designed and manufactured a new Rudder Feedback Unit (RFU) with many new features, including watertight components and connections that can be flooded in up to one meter of water for a 24-hour period and still provide accurate positioning for control systems
The new website for Damen Trading, the brokerage department of the Damen Shipyards Group, integrates Damen corporate house-style as well as an improved profile of services that includes registration, transport and even vessel modifications if required
American River Transportation Company (ARTCO), a subsidiary of Archer Daniels Midland Company (ADM), today announced plans to launch new barge fleeting and switching operations in the Cairo, Illinois, harbor starting January 1, 2016.
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of one or two million dollars and easily the double in developing ultra-deepwater regions. It is also the main cause of downtime during drilling activity
The Maritime and Port Authority of Singapore (MPA) has launched a new training facility in its academy. The new training facility is in the PSA Building along with many other MPA’s divisions, making the facility more accessible to MPA officers.
Press release - Danelec Marine has announced that it is expanding its presence in Brazil by naming Telnav Telecomuniçacões Navais a Certified Service Center. With nearly 30 years of market experience, Telnav employs a technical staff of 15 engineers and technicians