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Launches New

Marshall Islands Launches New Pricing Scheme for Big Ships

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.


Beijing Office Opened by OW Bunker

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.


Dubai Drydocks to Unveil $60M Project

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 to Launch Transport, Drilling Companies in 2015

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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

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


Yacht Sales – Broker Launches New Website for Luxury Craft

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


ISS Launches Joint Venture Ops in Saudi Arabia

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


Lagersmit, Back to Its Old Name

Lagersmit logo

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 Launch New Fleet Services

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 Launches New 55-ft. Harbor Tug

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


Hempel Launches New Epoxy Marine Coating

Coatings supplier Hempel has launched a new two-component pure epoxy coating for the marine newbuilding sector, Hempadur Quattro XO 17820, in Canada, the U.S. and Mexico.    The PSPC (Performance Standard for Protective Coatings) compliant Hempadur Quattro XO 17820 was developed for


BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

Photo: Bimco

 BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements cover time charter parties; one provides for a change of charterer and the other a change of owner


Maritime Security Experts Weigh in on West Africa

Risk Intelligence launches new service providing overview of operational and regulatory risks of privately contracted maritime security in West Africa   Maritime operations in West Africa are affected by threats from piracy and other maritime crime


DNV GL Launches New Stability Analysis Tool

Are Føllesdal Tjønn Photo DNV GL

With the latest release of Sesam HydroD software for floating structures, DNV GL is now offering a completely new and pioneering stability analysis solution that allows for hydrodynamic and stability analysis on one common model, giving naval and offshore engineers unprecedented control over their


Cyprus Launches New Shipping Strategy

Marios Demetriades. Photo: Official FB Page

 Cyprus is carrying out a new shipping strategy as the country aims to further develop its shipping sector, according to Cyprus News Agency.   The Minister of Transport, Communications and Works, Marios Demetriades says that Cyprus’ government is putting in place a new Shipping


APM Terminals, Volvo Ink Chennai Warehouse Deal

APM Terminals Inland Services, South Asia Photo APM

APM Terminals Inland Services, South Asia has signed an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialized warehouse facility in Chennai. The customized warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up


ISS Launches new Partner Solution Initiative

ISS Vice President, Peter B. Nielsen, Partner Solutions Photo ISS

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe. ISS Partner Solutions will focus on the company acting as a sub-contractor to new


Next Generation Workshops Set for Southampton

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A unique program of three specialist events for the sub IMO / sub 24 meter professional sector is being held back to back at the Grand Harbor in Southampton, U.K. this October. The fast moving workshop style program brings together an international group of experts armed with the latest knowledge


China Launches New 98,000-ton Heavy-lift Mega Ship

Guang Hua Kou. Photo: COSCO Heavy Transport

 The Guang Hua Kou, one of the world's largest heavy lift semi-submersible ships, was launched last month at Guangdong Shipyard International. At 98,000 tons, it's one of the largest vessels of its size, anywhere in the world.   


Simrad Launches New Radar System

Simrad R3016 12U/6X IMO SOLAS CAT 3 Radar System (Image: Simrad)

Simrad’s new R3016 12U/6X IMO type-approved radar system aims to deliver a powerful solution in a compact package   The newly launched Simrad R3016 12U/6X IMO SOLAS CAT 3 Radar System has been developed for the commercial shipping market, suited for use aboard CAT 3 SOLAS vessels


Singapore Exchange in Talks to buy Baltic Exchange

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 Launches New Website

Image: DSC Dredge

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 Launches New HI-FOG Electric Pump Unit

HI-FOG Unit (Photo: Marioff)

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


Statoil Launches New Subsea Concept

Cap-X Image by  Statoil

 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 Launches New Tier 4 Open Power Units

Photo: Volvo Penta

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






 
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