Insurance: Ship Repairers and Marine Equipment Installers Operating on both land and water, ship repairers and marine equipment installers tackle a variety of tasks from general maintenance and repair, to upgrading electrical systems, to installing state-of-the-art navigational systems. Along with these tasks comes a wide array of maritime risk exposures, both large and small, for which the business owner needs to be adequately protected. The tasks of an electrician or welder are challenging enough on their own, but try to do this work on a vessel at sea or in a shipyard, and the technician will find that the hazard level rises dramatically – from making sure that all facets of the systems work together as they should, to the increased fire risk hot welding presents to the safety of the vessel. As a result, only professional installers with a maritime background should be considered for such work. Vessel owners and shipyards should be sure to contract only with ship repairers and installers who have comprehensive insurance that will not only protect that business, but also provide coverage for the vessel or shipyard if the installer is found responsible for any damage. The exposure for vessels in their care, custody, and control, along with any other potential third-party property damage must be addressed.
Croatian ship repairer Viktor Lenac won contracts worth $25 million to refit two foreign ships by the end of this year. One ship is owned by Baltimore-based Caldwell Cable Ventures and the other by British company Fisher and Sons. Both will be made over into specialized vessels for laying optical cables. The shipyard is currently negotiating another similar project, it said without giving any details. Lenac plans a major expansion worth $30 million this year in a bid to attract more
Shipyards used to repair and convert existing vessels are set to become more efficient and environmentally friendly with the help of a grant of E2,151,000 from the EU¡¦s Framework Program. SHIPMATES (SHIPrepair to Maintain Transport which is Environmentally Sustainable) is a three year project to provide a blueprint for a technologically advanced and environmentally friendly ship repair/conversion yards, with a target of a 20 percent productivity improvement over today¡¦s European yards
American Boat Builders & Repairers Association (ABBRA) appoints executive director, relocates to Fort Lauderdale American Boat Builders & Repairers Association (ABBRA) names new Association Management Company and Executive Director to lead the national group that represents the business interests of the boat building, marine service and boat repair industry and seeks to strengthen and encourage professionalism.
Mustang Marine (Wales) join forces with Milford Haven Ship Repairers (MHSR) Currently the trading name for Milford Haven Port Authority, MHSR, is to be rebranded under the Mustang Marine (Wales) Ltd name and will operate from the existing two sites, the dry dock facility at Milford Dock and the slipway facility adjacent to Mustang Marine in Pembroke Dock. Mustang Marine, is a boat builder and repairer of workboats, pilot boats, passenger and similar commercial vessels up to 40m in length
Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M). The first contract is for the construction of a self-propelled and self-elevating liftboat
American Boat Builders & Repairers Association plans new format, seminars & discussions for next annual conference ABBRA, the American Boat Builders & Repairers Association announces its 2013 Annual Conference the “International Boatyard Business Conference”. This boatyard and related services industry event will be held January 19-20, 2013 in Fort Lauderdale, Florida. It will cater to boatyard owners, operators, and managers, boat builders
Running a Tight Ship The old expression about getting one’s sea legs speaks to how different life can be in the ocean marine environment. Those who spend most of their time on land often need to adjust to the rhythms that are second nature to old sea hands. Similarly, any company that operates both on land and water needs to adjust its risk management strategies to account for exposures in both arenas. That can range from something as simple as making sure land-based workers have the
Seattle and Florida based Trans Marine Propulsion Systems, Inc. (TMPS) has been added as a member of heavy industries company Hyundai Heavy Industries - EMD’s (HHI-EMD) Global Service Network and is their Designated Cooperative Repairer. TMPS will supply service under a nonexclusive agreement for the HHI - EMD. TMPS has locations in Seattle, Washington and Tampa, Florida and services most makes and types of diesel engines, including two-stroke
A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014. The Mini-Workshop is a special version of HydroComp’s intensive Propeller Workshops for those involved in design, construction and operation of workboats and pleasure crafts. These two half-day educational seminars will focus on topics of Successful Pre-construction Propeller Selection (including principles of marine propulsion and initial propeller sizing) and
The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently, chaired by its President, Vincenzo Petrone. Main points as follows: The Association explains that this was the first meeting to take
The August 2014 editon of MarineNews, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners & operators; workboat builders and repairers; product and service providers.
Gibraltar-based ship repair yard Gibdock says it starting to reap the benefits of investing in an automated and harmonised estimating, quotation, specification and invoicing system. The state of the art Microsoft Dynamics AX Enterprise Resource Planning (ERP) system overarches the yard’s
2235 N. Hwy 190 Covington, LA 70433 Tel: (985) 898-5300 Email: ebrownIII@fidelismarine.com Website: www.cultd.com President & CEO: H. Elder Brown, Jr. The Company: Continental Underwriters, Ltd. is a national, multiline firm for all types of marine coverages
US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3
The European Ships and Maritime Equipment Association (SEA Europe) has announced that IHC Merwede’s President, Govert Hamers, will succeed Lars Gørvell-Dahll as Chairman in October 2013. Mr. Gørvell-Dahll’s will step down midway through his tenure to become the
The Virginia Ship Repair Association (VSRA) is preparing to celebrate its 35th Anniversary and held a dedication of a new memorial to the private ship yard industry on the Portsmouth Path of History. This National Historical Landmark is a one mile walking timeline representing the birth
Bollinger Ramps Up for GOM Oil Sector and Builds for USCG Lockport, La.-based Bollinger Shipyards, Inc. is humming with work from oil and gas companies and government agencies. Family-owned and operated, Bollinger has 10 shipyards -- nine in south Louisiana and one in Texas -- along with 28
The American Boat Builders & Repairers Association (ABBRA) announces its line-up of topics and speakers for the 2014 ABBRA Boatyard Business Conference. The event, which focuses strictly on issues important to boatyards, boat builders and marine service/repair businesses
Middle East shipyard Nakilat-Keppel Offshore & Marine (N-KOM) has won the Ship Repair/Shipyard award for the second consecutive year at the Seatrade Middle East & Indian Subcontinent Awards 2013. Abu Bakar Mohd Nor, CEO of N-KOM said
Al Khalij Commercial Bank (al khaliji) QSC has provided financing for the two Nakilat shipyard joint ventures: Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ) for US $120m and US $40m respectively. Nakilat is a Qatari marine transport company providing the
Seattle and Florida-based Trans Marine Propulsion Systems, Inc. (TMPS), known worldwide for its diesel service and engineering department, has been appointed a member of Hyundai Heavy Industries - EMD's (HHI-EMD) Global Service Network and is their Designated Cooperative Repairer.
There have been changes in the way authorities deal with stowaways in South African ports, now making the ship responsible for preventing unauthorised personnel from boarding in the first place, the UK P&I Club informs. If immigration decide that any person illegally on board is a
Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million. Q4 2013
China shipbuilder and repairer COSCO group in its financial report for year ending 31, December 2013, informs that operating conditions for most of 2013 continued to be difficult. The Group’s turnover was $3.5 billion, lower by 6% from $3.7 billion for the year before