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Maintenance Vessel

Offshore Work Maintenance Ship Sold, Chartered Back by Otto Marine

Oranda 1: Photo courtesy of Otto Marine

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.


Status Report: Lightweight Structures at Sea

Figure 1: Valö, the world’s first HSC-classed vessel built in carbon fiber composite, owned by Styrsöbolaget in Sweden.

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


DAMOS Vessel Maintenance System Certified by BV

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


BASS Outfits OSM Vessels

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


ABS Nautical Systems Wins Two International Contracts

ABS NS Logo from Web.jpg

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


Statutory Alert: Revised IMO Guidelines for Maintenance

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


Tallink-Silja Installs MPM Upgrade for STA

Photo: Marine Softwear

U.K.-based Marine Software Ltd has delivered an MPM Marine Planned Maintenance upgrade to Tallink-Silja for installation onboard their Swedish flagged vessels "Silja Symphony" and "Galaxy." Project "Systemtillsyn" is a way for the Swedish transport agency to devolve a large portion of their survey responsibility to the crews on Swedish flagged vessels. The Swedish Transport Agency has a survey guide book (THB) which contains all 480 survey items applicable to


DoD Award Dredging, Ship Maintenance, Charter Contracts

USS Pearl Harbor: Photo USN

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


Marine Software Ltd Delivers Marine Planned Maintenance

U.K.-based software house Marine Software Ltd has successfully delivered its DNV type approved Marine Planned Maintenance system on QinetiQ’s Trimaran demonstrator vessel R.V. Triton . This innovative test vessel comes after ten years of research and is the largest motor powered trimaran demonstrator ever built, also being the worlds first of class ship based on this new concept triple-hull design. QinetiQ, formerly known as the Defense Evaluation and Research Agency ( DERA )


Great Lakes Shipyard Winter Season Contracts

Great Lakes Shipyard Facility: Photo credit Great Lakes Shipyard

Great Lakes Shipyard contracted by Interlake Steamship Company to perform winter work services on two vessels. Two more vessels have arrived: Interlake Steamship vessels, the ATB Dorothy Ann and the Pathfinder, are in Cleveland and  docked at Great Lakes Shipyard's facility. A variety of work is to be done, including: miscellaneous steel work, generator maintenance, main drive unit maintenance, and other miscellaneous tug and barge repairs and maintenance.


WCI Praises Increased USACE Funding

WCI today praised the leadership of House Appropriations Committee Chairman Hal Rogers (R-KY) and Energy & Water Development (E&WD) Appropriations Subcommittee Chairman Mike Simpson (R-ID) that led to unanimous approval of a bill that will significantly increase funding in FY 2016 for the U


Teledyne TSS Launches New Gyrocompass

Teledyne TSS is launching the latest addition to its Saturn product range at the Ocean Business exhibition with the introduction of its fiber-optic marine gyrocompass. This is an entirely new product from the gyro-compass manufacturer. It is specifically aimed at the commercial shipping


Technip Wins Subsea Contract on Triton FPSO

Floating Production Storage and Offloading Unit Courtesy Technip

  Technip has been awarded a brownfield subsea contract for the Triton(1) floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, located in the central North Sea. This FPSO vessel is located 193 kilometers east of Aberdeen


New Bibby Offshore Vessel Christened

Olympic Bibby (Photo: Bibby Offshore)

On Thursday, April 9, the official naming ceremony took place for inspection repair and maintenance (IRM) light construction vessel Olympic Bibby, at the Kleven Shipyard, Norway.   The ceremony saw the vessel’s official Godmother Connie Brown


Garamendi Calls for US Shipbuilding Revitalization

Were going to build in America and Make It In America one ship, two ships, one hundred ships at a time, Garamendi said at Bay Planning Coalition Meeting.

Congressman Garamendi Makes Case for Revitalization of American Shipbuilding Industry and American Jobs at Bay Planning Coalition Meeting in Oakland   Today, Congressman John Garamendi (D-Fairfield, Calif.), the Ranking Member of the House Committee on Transportation and


Malaysian Submarine Maintenance Contract to Boustead DCNS

Image: DCNS Naval Corporation

 The Malaysian government has signed a new contract with Boustead DCNS Naval Corporation (BDNC) for through-life support for the two 2000 type Scorpene submarines of the Royal Malaysian Navy, based at Kota Kinabalu, Sabah.   


Spliethoff Chooses Imtech for VSAT Network

Photo courtesy of Spliethoff Group

Spliethoff Group, one of the largest ship management companies in the Netherlands, has awarded Imtech Marine a three-year extension contract for the supply of a broad-ranging Ship to Shore Communications service on the global VSAT network of Radio Holland


Wärtsilä and Golar LNG Signs Major Contract

Golar Crystal: Pic by Golar LNG

 Wärtsilä has signed a five-year maintenance agreement with Golar Management Oslo for the delivery of services to Golar LNG, which is one of the world's largest independent owners and operators of LNG tankers.    Service agreement includes remote monitoring of engines


Wärtsilä to Provide TMA for Golar Fleet

Golar LNG vessel Photo by Golar

  Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world


Zamakona Inks Agreement with Subsea Masters

From left to right: Harry Waters, Managing Director of Subsea Masters; Álvaro Garaygordóbil, CEO Zamakona Yards Canarias; Borja Garaygordóbil, Managing Director Zamakona Yards Canarias; David Fletcher, Managing Director GEV Offshore and James Rothwell, Project Engineer GEV Offshore (Photo: Zamakona Yards)

Zamakona Yards has signed a partnership agreement with British company Subsea Masters, a specialist in drilling equipment maintenance and repair.   With this agreement the Basque-Canarian Group expands its range of services adapted to the offshore industry.  


Willard to Build Riverine Boats for Nepal Army

Photo: Willard Marine

  Willard Marine, Inc. has been awarded a contract to supply the Nepal Army with two newly designed aluminum riverine boats.   Under the contract, issued by the U.S. Navy Foreign Military Sales (FMS) office, Willard Marine is producing two 31


General Dynamics Bags Nuclear Submarine Contract

Submarine-Maintenance-Work Courtesy General Dynamics

  The U.S. Navy has awarded General Dynamics Electric Boat a $32.6 million contract modification to perform nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics.


Great Lakes Shipyard Awarded Contract for Work Barges by USACE

 Newbuilding at the Great Lakes Shipyard in Cleveland, OH (photo courtesy of Great Lakes Shipyard)

  Great Lakes Shipyard in Cleveland has been awarded a new construction contract by the United States Army Corps of Engineers for two 38-foot work barges, the company announced today.    The two new steel work barges will be used by USACE Rock Island District as a working


Ship Management and Technology

Image courtesy: Unicom Management Services (Cyprus) Ltd.

Technology is central, not merely an add-on, to ship manager brand value. Ship managers who operate vessels on behalf of their owner clients, are the lynchpin of international shipping. As the industry has gone through rounds of relentless cost cutting


Mustang Marine Receives $5.3m Pilot Boat Order

Photo courtesy of Mustang Marine

Workboat and marine energy device builder Mustang Marine has won a $5.34m contract to construct three new pilot boats for the Port of Milford Haven.   The Pembroke Dock-based company is now looking to recruit new workers locally in a number of skilled positions to meet an increased demand






 
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