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BMT Achieves Strong Financial Results

BMT Group.JPG

BMT Group Ltd, the international design, engineering and risk management consultancy, announced today that it has achieved strong financial results, despite a difficult year for the global economy and the maritime industry in particular.  A turnover of £142m provided the group with an underlying operating profit of £11m in the year to 30 September 2010, £5.8m of which has been distributed to the staff through the company’s profit share schemes.  Comprising 23 subsidiary companies, the BMT group has successfully focused on its core maritime offering in the organisation’s three sectors of defence, energy & environment and transport. Highlights included: the development of a new and innovative Fast Landing Craft design which met the demanding requirements set out by the UK’s Ministry of Defence; successful completion of the first sustainability strategy and management framework assessment for Guangzhou Development Industry Holding Co. Ltd, a major power company in the Pearl River Delta region of China; and partnerships with a diverse range of customers including the United States Coast Guard to provide Human Factors Engineering studies to address issues in the design and operation of equipment within demanding environments.  BMT has also opened new offices in India and Brazil to better support and grow the organisation’s core businesses located in these regions and acquired the Western Australia based port


“Old Ship” Fears Drive Tanker Markets Higher

North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed near last deal done at April Brent +95 cts, with Brent CFD swaps for this week also in that area. Next weeks CFDs are seen around April Brent +90 cts. Institute of Petroleum week in London is keeping trade to a minimum, as are high freight rates caused by an exodus of older vessels out of Europe in the wake of the Erika spillage


WSF Cuts Costs With Oily Water Separator Refit

Washington State Ferries, a company that operates on routes with tremendous environmental concern and legislation, recently refit one of its ferries, Nisqually, with a bio-enhanced Oil Water Separator solution from ECP Service Corp. The Washington State Department of Transportation operates one of the largest passenger and automobile ferry services in the world, with 29 vessels capable of generating between 2,000 to 3,000 gallons of oil water in the vessels' bilge each month


New Telestacker Conveyor from Superior Industries

Photo courtesy Superior Industries

Superior Industries, a manufacturer of conveyor systems and components, offers a range of barge and ship loading/unloading solutions with its TeleStacker Conveyor systems, which are custom-configured to meet the requirements of specific marine handling applications. While delivering the advantages of a lower capital investment, shorter lead times and quick onsite assembly, Superior TeleStacker Conveyor systems are an ideal and environmentally-friendly alternative to the use of labor-intensive


Fire-damaged Tanker Granted Bahrain Entry

Photo Wikimedia CCL

Bahrain's General Organisation of Sea Ports (GOP) grant Liberian-flagged 'Stolt Valor' permission to enter port for ASRY to carry out repairs The "Stolt Valor" caught fire on 15th March 2012 north of Bahrain. The fire, which broke out on board the vessel was completely extinguished by 22nd March, while the removal of all pollutants - both chemical cargo and fuel - was completed by the 29th of April, with no spillage during the transfer


Texas City Y Collision: Formal Casualty Hearing Notified

Aftermath Texas City Y collision: Photo USCG

The US Coast Guard informs that in conjunction with the National Transportation Safety Board, it will begin a formal hearing at the Galveston County Criminal Justice Center Monday, June 2, 2014 at 1 p.m. concerning the collision between the bulk carrier 'Summer Wind', the tugboat 'Miss Susan' and its towed barge Background On March 22, 2014, the Summer Wind was en route to the Port of Houston when it collided with a barge owned by Kirby Inland Marine


RINA Updates GREEN PLUS Notation

RINA logo.jpg

RINA updates GREEN PLUS notation to cover transhipment terminals.   International classification society RINA has updated its industry-leading GREEN PLUS notation to include new potential sources of pollution involving seagoing ships and ships operating at fixed locations.   GREEN PLUS is awarded to new vessels that make a significant investment in design solutions, onboard equipment and operational procedures which contribute to an improvement in environmental performance beyond


Cleaner Maritime Air for North America Comes Soon

Image credit EPA

The North American Emission Control Area (ECA) under MARPOL Annex VI will become enforceable on 1 August 2012 On the operative day the sulfur content of the fuel oil used on board ships operating within the ECA may not exceed 1.00 percent m/m (10,000 ppm). Ships will be required to maintain and, if requested, make available to Port State Control authorities:     •    Bunker delivery notes (for vessels 400 gross tonnage and above)


CNOOC: Two New Oil Fields Start Production

Hong Kong - CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters. This oil field has 3 producing wells and is expected to reach its peak production within the year. Wenchang 19-1 North is an independent oil field in which the Company holds 100% interest and acts as the


Damen’s Chinese Shipment En Route to Netherlands

Photo courtesy of Damen

To maintain the continuous availability of its wide range of built-for-stock vessels, Damen Shipyards Group is currently shipping a diverse cargo of 16 new pontoons and tugs, as well as numerous modular barges, from China to the Netherlands. The latest shipment represents cooperation between Damen’s various product divisions and numerous local partners in China, the shipbuilder said. To perform the shipment, Damen mobilized ZPMC’s Zhen Hua 28


Aberdeen Pupils Peek into Subsea Oil & Gas Technology

ABERDEEN PUPILS  STEER INTO THE SUBSEA OIL & GAS INDUSTRY

  Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving seat of a remotely-operated vehicle (ROV) simulator. The Tullos Primary visit to i-Tech was organised by EnQuest as part


Indonesia Expects Total to Decide on Mahakam within days

Indonesias offshore Mahakam oil and gas block Photo Total

   French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the country's energy minister said on Friday. From Jan. 1, 2018, state energy company Pertamina will take over as operator


CMES Rides High on Hope

Image: CMES

China Merchants Energy Shipping (CMES), a Chinese international oil tanker operator, projects doubled profit in the first half of 2015 from a year ago.    The Shanghai-listed Chinese ship-owner predicted on Friday that its net profits attributable to its shareholders would rise 110-130


Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

Image: IOC

 Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan.  


Voith Turbo Names Calhoun VP of O&G Sales

Shawn Calhoun (Photo: Voith)

Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office with the mission of supporting existing customers and expanding Voith Turbo’s footprint in the oil and gas


Shell Rig Departs for Arctic Despite Protest

U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell.   The Noble Discover is the second drilling ship Shell has sent to the area in recent days.  


Pirates and Hold-ups: Crime Strikes Venezuela's Oil Industry

When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells.   In the country's Paraguana peninsula, opposite the Caribbean island of Aruba


Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

Photo: NOAA

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.   The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out


Shell Steps Closer to Arctic Drilling

Arctic Challenger Photo Greenpeace

  The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result from Shell’s exploratory drilling activities in the Chukchi Sea. The agency gave authorization despite finding information


Statoil to Suspend Saipem Rig Contract

Image: Saipems Scarabeo 5 rig (Statoil)

Norwegian oil major Statoil said on Wednesday it will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio. The suspension of Saipem's Scarabeo 5 rig will take effect from the middle of August, and will last until March 1 next year, Statoil said in a statement.


A/S Trumf Bunker Joins KPI Bridge Oil Group

Carsten Ladekjaer (Photo: KPI Bridge Oil)

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S Trumf Bunker in Denmark becomes a full member of the KPI Bridge Oil Group as of July 1


Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices.   The decision to pour billions of dollars into the Appomattox project comes as


Petrobras hands over Campos basin stake to PetroRio

Campos basin stake sold  to PetroRio Photo Petrobras

  Petrobras today signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell. The transaction amounts to US$ 25 million and is subject to adjustments that are common to


Fjords Processing Bags Johan Sverdrup Contracts

Johan Sverdrup tendering. Photo Statoil

  Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea. The contracts were signed with Statoil on behalf of the Johan Sverdrup license


NITC Claims World's Largest Supertanker Fleet

Photo: National Iranian Tanker Company

 According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.   NITC has recently announced that after buying 20 oil tanker from China during the last two and half






 
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