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.
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
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
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."
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
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?
Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger European demand after production cuts at the region's largest gas field.
The new version of the SevenCs ECDIS Kernel SDK (Software Development Kit) 5.20 has been designed to meet all future requirements of the latest international standards to reduce implementation irregularities and improve the overall usability of chart display systems (IEC 61174 Standard edition 4
Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport Agency.
Simrad launched three new products in its professional line: the HS60 GPS Compass, V5035 Class-A AIS, and M5000 Series Monitors. Simrad HS60 GPS Compass The new GPS compass, the HS60, brings expanded functionality to traditional heading sensors such as rate-of-turn and pitch-and-roll output
ADMIRALTY List of Radio Signals, a comprehensive source of information on all aspects of maritime radio communication, is now available in digital format to make it easier to search and update than paper publications. Together with ADRS 2
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
Canada launches new Commercial Fishing Safety component of Boating Safety Contribution Program Canada’s Minister of Transport Lisa Raitt, joined by Members of Parliament from Atlantic Canada, announced a new Commercial Fishing Safety component of the Government of Canada's Boating
Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN). Starting today (May 10), two 1,164 twenty-foot equivalent unit (TEU) vessels will take
SCHOTTEL announced the creation of two new service divisions, Automation and Systems Engineering as well as Repair International. Stefan Buch was appointed director of the division Automation und Systems Technology. The electrical engineer has been working in leading positions in
Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector. Simatechin association with Evergreen Line recently launched a joint CCG Service
The CMA CGM Group announced that it will launch a new container shipping offering between North America and North Europe at the end of May 2015. The group will expand its existing transatlantic services with the launch of the NEW VESPUCCI service and the addition of a new port of call in
United Arab Shipping Company (UASC) has launched a North Europe - US East Coast (NEU1) service as well as an order of 3,500 reefer containers as part of its ongoing expansion phase. The new NEU1 service has been added as part of UASC's strategic international network to
Simrad announced the launch of three new products in its professional line: the HS60 GPS Compass, V5035 Class-A AIS, and M5000 Series Monitors. Simrad HS60 GPS Compass The new GPS compass, the HS60, brings expanded functionality to traditional heading sensors such as rate-of-turn
Taiwan's coast guard on Saturday commissioned its biggest ships for duty in the form of two 3,000-ton patrol vessels, as the island boosts defences amid concerns about China's growing footprint in the disputed South China Sea. The new vessels will be able to dock at a new port being
RINA has launched new standards for cranes which will be used for transhipment of bulk cargoes at sea and has completely revised and rebased its rules for offshore cranes used in offshore construction, service and demolition. Under the new rules for lifting appliances