Singapore-based Otto Marine sells Work Maintenance Vessel 'Oranda 1' for US$38.0-million, simultaneously bareboat-chartered back for GofM work. The sales transaction sets to improve the Group’s cash flow and balance sheet. Oranda 1, of LOA 75 m is an ABS-classed 4,200bhp Work Maintenance Vessel that has completed 4 projects in South East Asia since May 2010. Contemporaneous with the sales transaction, the Group’s subsidiary, Karp Marine Limited, has bareboat chartered back the vessel for a period of 5 years. Oranda 1 is currently executing general topside platform maintenance works in the Gulf of Mexico under a 450-day time charter contract worth US$14.9 million. “Proceed from this sale transaction will be utilized towards repayment of bank loans, thereby improving the Group’s liquidity and working capital. This is very much in line with the Group’s strategy to lighten its balance sheet to optimize operations going forward.” Aw Chin Leng, Executive Director and Deputy President. Otto Marine Limited is an offshore marine group engaged in specialized shipbuilding of offshore vessels for primarily Deep Sea applications. The shipbuilding includes ship repair and conversion. In addition, Otto Marine is chartering out its own fleet of sophisticated and environmentally friendly (clean/comfort class) Anchor Handling Tugs and Offshore Supply vessels for mainly Deep Sea applications.
Incat Crowther delivered Kilimanjaro V, the eighth Incat Crowther designed vessel for the Tanzania-based operator Azam Marine. Built by Richardson Devine Marine of Tasmania, Australia, the 39m Catamaran Passenger Ferry is a rugged and efficient catamaran, designed specifically as a high capacity passenger and cargo vessel for the operator’s new route, an exposed and sometimes rough run from Dar Es Salaam to the island of Pemba via Zanzibar.
Damen Services, part of Damen Shipyards Group, said that its Damen Asset Management Operating System (DAMOS) has been independently approved by classification society Bureau Veritas. DAMOS is a unique vessel maintenance management system that allows customers to maximise uptime and optimise cost of ownership. DAMOS is part of the Damen Services Lifecycle Support System and identifies and categorizes all on-board systems of a vessel
ABS Nautical Systems Nets Two New Clients. ABS Nautical Systems has signed a contract with Samson Maritime Ltd. for the use of its NS5 software. Located in Mumbai, Samson Maritime Ltd., owns and operates a fleet of offshore supply vessels, maintenance tugs and workboats. Samson Maritime Ltd. has chosen to implement the Maintenance & Repair, Hull Inspection and Drawings Management modules as offered through the ABS Newbuild Program
OSM Ship Management will equip 14 vessels with the BASSnet Maintenance and Procurement modules. In 2011, OSM had signed up two vessels for these modules. The Maintenance and Procurement modules are among a range of BASSnet fleet management systems that are aimed at providing “one, integrated solution” for all aspects of maritime operations. The software helps fleet operators and ship managers to plan and undertake asset management and maintenance, inventory and material control
SP Fire Technology’s involvement in fire-resistant lightweight materials for marine applications has contributed to the construction of several smaller lightweight vessels, and to the current discussion within the International Maritime Organization (IMO) of how larger ocean-going vessels could be built using plastic composites. Background 2005 saw the start of the LÄSS project, which clearly showed the potential economic and environmental benefits of using lightweight materials
Revised IMO guidelines for maintenance, testing and inspection of fire protection systems and appliances will become effective on May 31, 2013 and are contained in the circular MSC.1/Circ. 1432. These guidelines should be followed in accordance with SOLAS regulation II-2/14, which requires that all fire protection systems and appliances are kept in good order and that a maintenance plan is developed. The guidelines state that certain maintenance procedures and inspections may be
US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1. Dredging Norfolk Dredging Company, Chesapeake, Virginia, has been awarded $18,784,248 for a dredging requirement for Baltimore harbor and channels. Maintenance dredging will take place in various channel sections in the Chesapeake Bay, Maryland
Great Lakes Shipyard has been awarded a contract by the United States Army Corps of Engineers (USACE) Detroit District for the drydocking and repairs of the Floating Plant, based at the Detroit Field Station. The shipyard will perform routine drydocking, maintenance and repairs of the Tug DEMOLEN, Crane Barge VELER, and Deck Scow BC-6576. In addition to drydocking the vessels, work includes underwater hull cleaning and maintenance; inspection of propulsion and steering systems; sea valves
Great Lakes Shipyard announced it has been awarded a contract from the United States Army Corps of Engineers (USACE) Detroit District for the drydocking and repairs of the Floating Plant, based at the Detroit Field Station. The shipyard will perform routine drydocking, maintenance and repairs of the Tug Demolen, Crane Barge Veler and Deck Scow BC-6576. In addition to drydocking the vessels, the yard’s work includes underwater hull cleaning and maintenance; inspection of
Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help Wärtsilä's customers seize the opportunities from digitalisation.
German industrial group Thyssenkrupp has submitted an offer to the Australian government for a contract to build stealth submarines potentially worth tens of billions of euros, the company said on Monday. The contract to build up to 12 submarines, including decades of maintenance
The IT industry doesn’t like to stand still. Upgrades, updates, new versions and enhanced functionality are released on a regular basis. New services are enabled, bottlenecks eliminated, more joined up operations enabled. The underlying platform remains the same but, over time
Moog Focal Technologies Corporation and the MacArtney Group have agreed to intensify their multi-service partnership aiming at expanding their long-term business cooperation in favour of their extensive customer portfolio. MacArtney has accepted responsibility for the in-field sales and
Reliable and robust methods of positioning are required for safe vessel operations at offshore installations. The development of dynamic positioning (DP) systems has been gradual over the past 50 years and today, various manufacturers’ systems are available around the world
Inmarsat and Ericsson have signed a strategic maritime agreement that is intended to facilitate the sharing of cargo, logistics and vessel operational data to help streamline the maritime supply chain. The two companies will jointly develop services
ABB has unveiled a new Integrated Operations Center which allows ship owners to take greater control of their fleet from shore. From the center, situated in Billingstad in Norway, its expert engineers can connect to any vessel anywhere in the world which is fitted with ABB technology
The Coast Guard has confirmed several reports it has received stating that main engines may not attain the expected speed when using ultra low sulfur fuel oil. The Coast Guard has revised its list of recommendations to vessel owners and operators about the importance of establishing
This month Damen Shipyards Group launched ice class Trailing Suction Hopper Dredgers TSHD 2000 for Russian Port Agency FSUE “Rosmorport”. Song Thu Corporation shipyard in Da Nang, Vietnam is building the Damen TSHD 2000 under Russian Maritime Register of Shipping (RMRS)
The wait time to pass through the Panama Canal has shortened to four days, down from more than 10 days last month, the authority that runs the waterway said on Thursday. "We have reduced by 60 percent the wait time for vessels after measures applied amid an unusual demand and extreme
In line with the Subchapter M waterways rules which are due to come into effect in 2016, Helm Operations will introduce the full capability of it’s latest Maintenance and Compliance solution, Helm CONNECT, at this year’s International Workboat Show (IWS).
Secure, robust, flexible, scalable and future-proof, the new ESAB WeldCloud online data management platform works with ESAB’s Aristo Mig semi-automatic, Aristo Mig 5000iR robotic and LAF/TAF sub arc welding systems. Users can purchase these systems WeldCloud-ready
The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast. The contract is for major, long-term maintenance and modifications services for the Prelude Floating Liquefied Natural Gas (FLNG)
Aiming to help accommodate unseasonably high demand, the Panama Canal Authority (ACP) announced it has taken a number of steps to expedite traffic and decrease Canal Waters Time (CWT). The ACP has postponed noncritical maintenance work
United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC). Grandweld took the newbuild project from conception to completion, designing and building the 50-meter long vessel with a 65-ton bollard