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BMT Achieves Strong Financial Results


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

New Risks Moving Crude Oil by Rail

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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

“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

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

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

Collaboration Key in MV Smart Wreck Removal

(Photo: North P&I Club)

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

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

RINA Updates GREEN PLUS Notation

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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

Deepwater Downturn: Bump in the Road or Long-Term Slowing of Growth?

FPSO per iStock WEB.jpg

IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector.  The new report – the 19th annual floater market forecast prepared by IMA since 1996 -- provides our forecast of orders for floating production systems between 2016

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.8 billion in writedowns while tanker firm Frontline turned around its fortunes after years of turmoil.

Technology Readiness Levels Defined for Oil Spill Response

Oil Spill Response Research & Renewable Energy Test Facility Courtesy BSEE

  Bureau of Safety and Environmental Enforcement (BSEE) staff participated in a workgroup meeting at the bureau's Ohmsett facility in Leonardo, N.J., as part of the workgroup’s efforts to define Technology Readiness Levels for use in the oil spill response community.

Commodities Hit 2002 Lows Before Rebounding on Oil

Commodities hit 13-year lows before rebounding on Monday after Saudi Arabia's pledge to work toward crude price stability bolstered oil and France's first wheat exports to Indonesia in more than six years helped lift grains markets.  

Thordon Wins Environmental Award

Thordon Bearings’ George Morrison was presented with the Tanker Shipping & Trade Environmental Award for the COMPAC system (Photo: Thordon Bearings)

COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system allows shipowners to cost-effectively comply with stringent marine pollution rules.  

New Charges in 2012 Fatal Platform Blast

West Delta 32 platform after the explosion (Photo: BSEE)

Black Elk Energy Offshore Operations LLC, Grand Isle Shipyards Inc., Wood Group PSN Inc., as well as Don Moss, 46, of Groves, Texas, Curtis Dantin, 50, of Cut-Off, La., and Christopher Srubar, 40, of Destrehan, La., have been charged with crimes for a November 2012 explosion on an oil production

BW Offshore Suspends Dividend

BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday. The firm posted third-quarter earnings before interest, taxes and depreciation and amortisation of $174 million against

Statoil Sees Unchanged 2016 Foreign Development

Oil major Statoil's activity level outside its Norwegian home base will be largely unchanged in 2016 compared to 2015, the company said on Monday. "For us, it will be more or less flat," Lars Christian Bacher, head of international development and production for Statoil told Reuters

Largest Underwater CO2 Release from Pipeline - DNV GL

Pipeline DNV GL

  Carbon capture, utilisation and storage (CCUS) is gaining momentum to meet stringent climate change goals and secure energy supplies for the future. To fully understand the environmental and safety implications associated with the development of CO2 pipelines

Malaysia Detains 3 Vessels Over Illegal Oil Transfer

Pic courtesy: Malaysian Maritime Enforcement Agency

 Three oil tanker ships were detained by the Malaysian Maritime Enforcement Agency (MMEA) off the waters of Pengerang  for illegal ship-to-ship transfer of marine fuel oil (MFO) near Pengerang.    Tanjung Sedili District Maritime Enforcement head

Second Quake hits North Oklahoma

  A magnitude 4.1 quake hit near the north Oklahoma town of Medford on Friday, the second temblor in two days to hit the area where energy extraction takes place. The U.S. Geological Survey said the quake, initially reported as a magnitude 4.6, struck at 4:40 p.m. at a shallow depth of 4

Manslaughter Charges Filed in 2012 Oil Platform Blast

Two companies involved in the deadly 2012 explosion of an oil platform in the Gulf of Mexico have been indicted on federal charges of involuntary manslaughter, the U.S. Justice Department said in a statement on Thursday. Black Elk Energy Offshore Operations LLC and Grand Isle Shipyards Inc

USCG Alert: Compliance with MARPOL Requirements

The Coast Guard has confirmed several reports it has received stating that main engines may not attain the expected speed when using ultra low sulfur fuel oil.   The Coast Guard has revised its list of recommendations to vessel owners and operators about the importance of establishing

Seacor's New Class of Fast Support Vessel Delivered

Image: Seacor/Incat Crowther

The delivery of Alya McCall is significant in that it is the first vessel in a fleet of new class monohull Fast Support Vessels (FSV) for SEACOR Marine. Alya McCall is the first vessel in the SEACOR Express Plus class and features striking lines not ordinarily found in traditional monohull

Tanker Rate Spike Dents Efforts to Store Oil Glut at Sea

Record high freight rates are creating more headaches for traders looking to house millions of barrels of unsold crude oil and who already face potential losses due to record high stocks.   They have to decide on whether to use tankers for longer term storage until they can sell their

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