Maintenance Vessel
Offshore Work Maintenance Ship Sold, Chartered Back by 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.
The U.S. Navy - Reducing Shipboard Planned Maintenance
The cost of maintaining Navy ships is measured in billions of dollars and millions of man-hours. Requiring sailors to perform excessive, unnecessary, and often counter-productive maintenance does more than waste money. It also wastes that most precious of commodities — sailors' time. This problem is being addressed by the U.S. Navy through the Surface Ship Maintenance Effectiveness Review (SURFMER) program. Since October 1996
Civil Works Budget Proposes $4.06 Billion Program
President Clinton's budget transmitted to Congress includes $4.06 billion for the USACE Civil Works program. In addition the program will include $322 million in non-federal contributions and trust fund receipts. Funding in this request will be used to continue the development of the nation's water resources, the efficient operations, maintenance and management of the nation's navigation, flood damage reduction, and multiple-purpose projects, the equitable regulation of wetlands
Harbor Maintenance Tax Allocation Bills Introduced
Senator Kerry (D-MA) and Representative Capuano (D-MA) introduced companion bills (S. 1310
Claim Preclusion in Actions for Maintenance and Cure
The U.S. Court of Appeals for the Fifth Circuit ruled that the defense of claim preclusion applies to actions for maintenance and cure. In the instant case, plaintiff brought an action against defendant for maintenance and cure for a slip and fall he suffered onboard a vessel. He then voluntarily dismissed his claim with prejudice. Later, he refiled the maintenance and cure action. Defendant then moved for summary judgment
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
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 )
Wärtsilä, Transocean Announce Maintenance Program
Wärtsilä North America signed a contract with Transocean for a Conditioned Based Maintenance (CBM) program. The contract covers three Transocean properties: the Deepwater Millennium and Deepwater Pathfinder drill ships and the Deepwater Nautilus semi-submergible drill rig. Financial terms of the contract were not disclosed. "CBM contracts have been useful in other industries as a way for operators and owners to extract the maximum value out of their maintenance dollars spent
Lloyd's Trust Funds Research at University of Twente
The Lloyd's Register Educational Trust (The LRET) has awarded Holland's University of Twente £1 million over the next five years to establish The LRET Maintenance Research and Education Programme, which will be at the core of the university’s new Centre of Excellence in Maintenance Engineering. Maintenance is a technical field which plays a key role in assuring the health of industry and public services such as transportation
OMM: New Maintenance Service to Renewables Sector
Offshore Marine Management (OMM) has launched a new maintenance support service for offshore renewables operators. With little existing guidance and no legislation currently in place, operators may not be conducting the maintenance they need in order to guarantee the integrity of their assets – or they might be spending too much on completing unnecessary routine servicing. OMM’s new Inspection, Maintenance and Repair (‘IMR’) service can give operators the confidence
Harkand Set to Acquire Veolia Marine Services
Harkand, the international subsea inspection, repair, maintenance and light construction group, announced an agreement to acquire the main assets and business of Veolia Marine Services (VMS). The acquisition will add 150 onshore and offshore staff
Seaward Provides Bridge Officers for LCS and JHSV Sea Trials
Seaward Services provides bridge officers, including the master and chief engineer, for Builder and Acceptance Trials of the Navy’s Littoral Combat Ship (LCS) and Joint High Speed Vessel (JHSV). USNS Choctaw County, the Navy's second Joint High Speed Vessel (JHSV 2)
Acteon Opens Singapore Service Center
A custom-built service center at the new Offshore Marine Center in the Tuas industrial area of Singapore will boost Acteon operations and improve its customer service in Southeast Asia. Due to open in July 2013, the new $11 million, 10,000-m2 Acteon Singapore Operations Center will support the
Coast Guard World War Memorial Restored and Rededicated
The Coast Guard World War Memorial at Arlington National Cemetery was dedicated May 23, 1928, as a tribute to the Coast Guardsmen who lost their lives in World War I. During the past year, the Washington, D.C., chapter of the Chief Petty Officer Association led a collaborative effort of 37
Power Below the Waves: ABB Subsea Transformers
ABB has delivered subsea transformers for fields in the North & Norwegian seas & the Gulf of Mexico for operation at depths of up to 2,000 m. Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater
Ports America to Operate Port of LA Cruise Terminal
The Port of Los Angeles contract Ports America to provide operation, management & maintenance of the Port of Los Angeles Cruise Terminal at Berth 90-43 in San Pedro, Calif. The five-year agreement, commencing April 2013, includes two 5-year options
Deepwater Heavy Lift Crane Orders for Cargotec
Cargotec's MacGregor contracted by Hornbeck Offshore Services Inc. to deliver 4 AHC cranes for 4 multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015, and the value of the order is EUR 37-million for the four 250-tonne active
MacGregor Receives €37 Million Order from Hornbeck
Cargotec's MacGregor has received €37 million order from Hornbeck Offshore Services Inc. to deliver four 250-ton active heave-compensated (AHC) subsea cranes for four multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015
Port of Stockton Selects Tideworks TOS
Tideworks Technology, Inc., a provider of full-service terminal management and planning software solutions, announced that California’s Port of Stockton will deploy Tideworks Technology’s terminal operating system (TOS) to manage its container-on-barge operation and improve overall
Most US DoD Civilians to be Sent on 11-day Unpaid Leave
The full text of Secretary of Defense Chuck Hagel's message on May 14, 2013 to all Department of Defense personnel follows: As you are fully aware, the Department of Defense is facing a historic shortfall in our budget for the current fiscal year
ABB Wins Long-Term Service Agreement
Long-term service agreement improves lifecycle cost control and fleet reliability. ABB signed a long-term Preventive Service agreement with China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all ABB equipment onboard of its six LNG vessels in the next five years
E.N. Bisso Selects MarineCFO Software
MarineCFO, a provider of software solutions to the marine transportation industry and a division of Verticalive Inc., announced that E.N. Bisso & Son, Inc., has chosen to implement the full MarineCFO Enterprise software suite, including personnel, pperations, maintenance, and vessel live.
DRS Contracted to Continue USCG Maintenance
DRS Technologies, Inc. announced it has been awarded a contract by the U.S. Coast Guard (USCG) to continue its maintenance, repair and overhaul work at the U.S. Coast Guard Aviation Logistics Center in Elizabeth City, North Carolina. Under the contract
Kanoo to Reveal Latest Developments at Services Show
Kanoo Shipping – an offshore and marine services provider in the Middle East, operating throughout Saudi Arabia, Bahrain, UAE, Oman, Qatar, Yemen, Iraq and Sudan – will be present at the Saudi International Marine Services Show -2013 to demonstrate various services provided by the
Dutch Shipbuilding Holds Position in Difficult Market
2012 was a challenging year for the Dutch shipbuilding industry. In general, the industry was able to achieve relatively good results. The various shipbuilding categories however showed a mixed picture. Holland Shipbuilding Association hereby presents you a statistical overview of the Dutch