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
The rapidly changing landscape of crude oil exploration and drilling in the US and Canada, together with economic considerations, logistical issues related to pipeline transport, and the availability of new types of crude oils, including Bakken crude and various forms of bitumen, have resulted in a very sudden and dramatic increase in the transport of crude oil by railroad. “Unit trains” containing 100 or more tank cars are transporting crude oil through regions that have not
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
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
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
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
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
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
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
Titan Salvage, now a part of Ardent following completion of the merger of Titan and Svitzer Salvage, has completed the removal of the wreck of the cape-size MV Smart coal carrier in South Africa, an especially challenging project due to weather conditions that prevail on the South African coast, particularly during the winter period. The removal of the vessel, which was entered in North P&I Club by owner Alpha Marine
Harley Marine International Holdings Pte. Ltd. said it has signed an MoU with Pavilion Gas Pte. Ltd, Mitsui O.S.K. Lines, Ltd. (MOL), and Mitsui & Co., Ltd. (Mitsui) to build the first liquefied natural gas (LNG) dual-fueled bunker tanker for Singapore.
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Wednesday it had signed a $350 million Islamic 10-year financing deal to pay for the building of five oil tankers. The 10-year murahaba financing was arranged by Standard Chartered
Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. The charges against Carnival's Santa Clarita
Bad weather forced a Russian ship to run aground in Istanbul on Friday and the crew was awaiting rescue, Turkey's Dogan news agency reported. The ship ran aground near Istanbul's Kartal district, on the Asian side of the city and on the coast of the Sea of Marmara, Dogan reported
Russian tankers have smuggled jet fuel to Syria through EU waters, bolstering military supplies to a war-torn country where Moscow is carrying out air strikes in support of the government, according to sources with knowledge of the matter.
On 23 November 2016, Sovcomflot and Sberbank signed a memorandum of understanding (MOU) paving the way for a new USD 180 million long-term credit agreement with a term of up to 15 years. On behalf of the parties the MOU was signed by Sergey Frank, Chairman and CEO of Sovcomflot, and Herman Gref
Port Master Plans for 12 major ports have been prepared keeping in view the requirements for cargo handling till 2035. A total of 142 Port Modernization and 30 Port Connectivity projects have been identified in the Master Plans.
A Reuters report quoting Saudi Arabia's energy minister Khalid al-Falih said that the country expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5
Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that, further to the rig contract amendments entered into with Transocean, the Company exercised its option over the Transocean Spitsbergen drilling rig on 25
Traffic in Turkey's Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Monday after a minor collision between two bulk carriers, shipping agent GAC said. There were no immediate reports of casualties.
VLCC rates last week hit highest since April, May; balanced tonnage supply-cargo demand support rates. Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb further if there is a flurry of pre-Christmas chartering activity
Lifting and marine product specialist Rigmarine has opened its fourth global facility in the rural village of Insch, 30 miles to the northwest of Aberdeen, Scotland. The site, strategically positioned to serve the offshore oil and gas, renewables, construction, break bulk
Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. Maersk is working with Bank of America on the potential deal
United European Car Carriers (UECC), owned equally by NYK and Wallenius Lines, held a naming ceremony on November 21 at the Port of Zeebrugge, Belgium, for Auto Eco, the world’s first LNG-fueled pure car and truck carrier (PCTC). Auto Eco had been delivered to UECC on September 29.
* Crude oil tanker firm Frontline says a potential "balanced cut and cap from OPEC", as suggested by some analysts, is not expected to have a large impact on the tanker market * Says significant volume cuts by OPEC, although unlikely, would be negative for tanker freight demand