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.
SAFEEN, the subsidiary of Abu Dhabi Ports formerly known as Abu Dhabi Marine Services, has taken delivery of a Damen Shoalbuster 2609 named Maqtaa to join its existing fleet. The delivery comes just two months after the order was placed by SAFEEN. Like all the vessels in Damen’s Shoalbuster range, the new vessel is a multipurpose, shallow draught workboat capable of undertaking a range of roles including towing, mooring, pushing, anchor handling, dredge support
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
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
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.
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
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
SapuraKencana GE Oil & Gas Services Sdn Bhd (SKGE), a joint venture between SapuraKencana Services Sdn Bhd and GE Power Systems (M) Sdn Bhd, has been awarded a Long Term Service Agreement by Petroliam Nasional Berhad (PETRONAS) Floating LNG1 (L) Ltd. (PFLNG) to provide maintenance services for PETRONAS’ two forthcoming floating LNG vessels. A Contract Exchange ceremony for the award was held in Kuala Lumpur on Thursday, 24 March 2016 between PFLNG and SKGE.
Minas Miliaras has taken on the role of Vice President Fleet Cruise Execution at Carnival Maritime, the Marine Service Unit of the Costa Group (AIDA, Costa) in Hamburg. Minas will head the fleet teams and the maintenance development team for all AIDA Cruises
Marine Professionals Inc. (MPI) is marking its 20th year in business, kicking off a year-long commemoration with a new celebratory logo and a secondary, complementary visual. The anniversary logo symbolizes MPI’s success over the past 20 years
Pronomar said it has provided drying systems to Bernard Schulte Ship Management, for the company’s two new service operations vessels (SOVs), Windea La Cour and another to-be-named, working under contract for SIEMENS in the 600 megawatt Gemini wind farm in the Dutch part of the North Sea.
Around 30 VLCC charters in Feb so far, versus 50 last month. About 40 refinery facilities to close for maintenance. Freight rates for very large crude carriers (VLCCs), which fell to multi-week lows on Thursday, could slip further as refinery maintenance in Asia weighs on cargo volumes
Louis Dreyfus Armateurs Group (LDA) said it has ordered a wind farm service operation vessel (SOV) from Cemre shipyard in Turkey. The vessel will be delivered in Q4 2018 and chartered to DONG Energy Wind Power A/S for operations at four wind farms off the German coast (Borkum
The Virginia-class nuclear-powered attack submarine USS New Hampshire has arrived at the Portsmouth Naval Shipyard (PNSY) for maintenance work, AP reported. It is the fifth Virginia-class submarine and the third U.S. Navy ship to be named in honor of the state of New Hampshire
Subsea Industries’ Ecospeed hull protection system has been selected for RRS Sir David Attenborough, the polar research ship under construction at the Cammell Laird shipyard in Birkenhead, Liverpool, U.K. The £150 million contract to build the vessel
North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such vessels are twice as likely to catch fire as other ships and vehicle-deck fires are notoriously difficult to contain and put out.
The Sub-Committee on Ship Design and Construction (SDC) meets for its fourth session this week (13-17 February). Key topics on the agenda include the expected finalization of draft explanatory notes to the SOLAS chapter II-1 subdivision and damage stability regulations and
Olympic Shipping has chosen Kongsberg Maritime’s new K-Walk integrated vessel gangway solution for installation aboard the Multipurpose Offshore Vessel (MPSV), Olympic Orion. Designed to significantly increase efficiency and safety for Walk-to-Work duties
Physical trading in West Africa was muted as the market awaited tender results and the April-loading Angolan crude oil export plan. * The benchmark oil prices on which West Africa crude oil trades retraced some of Monday's losses as confidence in OPEC's cut plan rose.
Wärtsilä and PGS Geophysical AS have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment. According to the agreement, Wärtsilä will take care of the maintenance of engines and
CWind, a provider of services to the offshore wind industry, has announced that it has invested in the company’s largest crew transfer vessel to date. Newly named as CWind Phantom, the 27.4m catamaran can hold 20,000 litres of fuel and has a 20 ton cargo capacity
Space is a precious commodity on any vessel, even a large one. Making its debut at the Miami International Boat Show, FCI Watermakers' new Atlas+APC is compact, yet produces 1,400-3,600 gallons of potable water per day and is fully automatic in its operation
A new range of hooks from Henriksen AS introduces a significant level of safety for crews engaged in towing small to medium-sized vessels and loads. The new towing hook has been designed for users at the lighter end of the towing spectrum and it is available in three versions for use with loads