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?
Leading Marine Audio Manufacturer Unveils Feature-RichOnline Experience to Highlight Support for Multifunction Display Partners FUSION®, a worldwide leader in marine audio, announced today the release of a comprehensive new website, FUSION-Link.com
The United Kingdom Hydrographic Office (UKHO) has unveiled a new digital application that enables mariners to submit hydrographic data directly to the UKHO using their mobile device. The ADMIRALTY H-Note App is a free digital version of the UKHO’s Hydrographic Note and will allow important
From 1 January, the Danish Maritime Authority will survey all Danish passenger ships in a new way. Shipping companies are positive towards the new passenger ship survey which will, to a greater extent, involve the crew and the daily safety work.
AAL has announced the launch of a new operation in Japan AAL said the move aims to provide services and on-ground operational support directly to customers in the country, building on AAL’s presence in Asia and driving its continued international development as a global carrier.
A new, fully IMO certified Integrated Electronic Chart Display and Information System (ECDIS) navigation system has been announced today, the Simrad CS68 Integrated ECDIS, designed specifically for the commercial market. The Simrad CS68 Integrated ECDIS system offers direct access to key
CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), to offer a new joint service in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early of November
CWind, a provider of integrated services to the offshore wind industry, has launched its new vessel CWind Fulmar in a naming ceremony in Brightlingsea. The CWind Fulmar, built by CTruk Ltd. at its Brightlingsea boatyard, is due to join three other CWind vessels on a three-year O&M contract
Braemar Shipping Services plc, an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced it has undertaken a major upgrade to its online presence through the launch of a new corporate website (www.braemar
Caterpillar Launches New Modular Solution Developed with Deltamarin for FPSO and Offshore Platform Main Power at 2014 Rio Oil & Gas Expo and Conference Caterpillar Oil & Gas will launch the Cat Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main
Bolidt has been named as one of the winners of the 8th Seatrade Insider Cruise Awards, announced during the Seatrade Med Cruise Convention 2014 - the Mediterranean's most prestigious cruise event. Judged by an independent panel of experienced cruise industry specialists
Livorsi Marine introduced the all new Platinum Series throttles, which they say are designed to be more ergonomically comfortable to the operator while being lighter and more compact for fitting into tight spaces. The Platinum series is finished with a two-coat process which helps prevent
Bureau Veritas has developed a voluntary notation intended to assist shipbuilders and operators reduce underwater noise radiating from ships. The comprehensive set of standards and measuring services is grouped as NR614 Underwater Radiated Noise (URN)
Cummins Inc., a manufacturer of diesel engines for the commercial marine industry, announced the availability of the QSK50 marine engine for variable speed diesel electric (VSDE) applications. The 50-liter platform has been used in traditional fixed speed diesel electric applications
Everett Community College’s Ocean Research College Academy (ORCA) will launch its new research vesel on November 22 with a celebration at 11 a.m. at the Port of Everett. The dedication of the Phocoena (the scientific name for harbor porpoise
Wilhelmsen Ships Service (WSS) has developed a new range of marine cleaning solutions which aim to assist seafarers in meeting standards for safe and hygienic working practices at sea. The Unitor EasyClean Galley and Accommodation range allows shipowners the flexibility to choose the most