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Used Vessel

Stolt-Nielsen to Buy 3 Used Tanker Ships

The AP has reported that Stolt-Nielsen SA is buying three used tanker ships for about $40 million. The company said its wholly owned subsidiary, Stolt-Nielsen Transportation Group, has exercised an option to purchase the tankers, currently on charter, from Montana Ship Holding AS. According to Stolt-Nielsen, it chartered the ships in December 2001 with an option to buy at any time. The company said the three ships are to be converted at a cost of $7.5 million to meet new safety regulations that will take effect Jan. 1 next year. Stolt-Nielsen said it anticipates the ships will allow it take advantage of growth prospects for the parcel tanker market. It also said the used vessels will help it save money since the cost of shipbuilding is at historic highs. American depositary shares of Stolt-Nielsen fell 55 cents to $31.20 in afternoon trading on the Nasdaq.


Commercial Marine Engine Emission Standards Finalized

EPA Administrator Carol Browner signed a final rule establishing new emission standards for commercial marine diesel engines at or above 37 kW (approximately 50 hp). The final rule makes only minor modifications to EPA's December 1998 notice of proposed rulemaking (NPRM), EPA's final rule aplies emission standards to new engines only, beginning with the 2004 model year. Vessels and engines built before 2004 will not be subject to emission control requirements


Jobs Await Maritime Academies’ Class of 2011

Nearly 800 young men and women are graduating from the seven maritime academies in the United States this year, and many will be working on a vessel almost before the ink on their U.S. Coast Guard license is dry.  U.S.-flag vessel operators are clamoring for qualified deck and engine officers, so the class of 2011 will soon be gainfully employed.   “We welcome our new shipmates,” said James Henry, President of the Transportation Institute


GL Nobel Denton Issues New Guidelines

"Advancing best practice in marine warranty and consulting - GL Noble Denton issues new Guidelines for offshore operations" GL Noble Denton has issued three new Technical Guidelines for assessing and approving energy industry marine operations.   These set the standard to which the independent technical advisor will conduct its Marine Warranty Survey and Marine Consultancy services globally, ensuring that clients are provided with best practice for offshore oil


Global Availability of Fleet Management Software Platform

Vessel tracking and asset/document management software, used by hundreds of U.S. commercial workboat and fishing customers,  is now available internationally for integration into existing partner applications.   McMurdo Group, a company in end-to-end search and rescue (SAR) and maritime domain awareness (MDA) solutions, has announced that its fleet management software platform is now available worldwide for partners to integrate into their existing maritime applications and


Videotel’s Updates BWM Programme

Nigel Cleave, CEO Photo Videotel

Videotel, a KVH company has revised its ballast water management (BWM) training package to address the requirements of the International Maritime Organization’s newly ratified BWM Convention, a global treaty that is designed to stop the spread of invasive species from ships’ ballast water. Beginning next year, all ships engaged in international trade will need: a ballast water management plan to remove or neutralize harmful aquatic organisms and pathogens; an International


Effectively Assessing Your Risks

One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry. Many of the companies have been in business for 100 years or more. They have a long family history associated with the sea that has charted their economic destiny for decades.


EPA Grant Could Help Vessel Operators

A U.S. Environmental Protection Agency (EPA) program is receiving proposals for grants to be used to reduce emissions from existing diesel engines used in various transportation modes, including marine.  Grants can be used for up to 75 percent of the cost of repowering marine vessels with cleaner engines (there must be a non-federal cost share of at least 25 percent).  Proposals must be submitted by December 8.  


SeaHow Skimmer System

SeaHow

New SeaHow skimmer systems – designed to collect both light and heavy oils efficiently – can be implemented in almost any work boat, starting with vessels only six meters long. SeaHow operates one of northern Europe’s largest fleets of oil spill response vessels, and its hands-on experience of more than 30 years was central to the three years in developing its own line of SeaHow skimmers. SeaHow skimmers are suitable for vessels from 6m long to the largest vessels used in


'We Will Not Stand by and Wait for Global Regulation' -Maersk Line

Photos: Maersk Line A/S

 Shipbreaking has become commercial due to the recycling of steel becoming a global commodity in demand. This means that the dismantling and recycling of a ship are recognized as part of the value of the ship, which has evolved into a massive challenge for the shipping industry. "The choice is clear. One option is to continuing to wait for global agreement – while hundreds of vessels continue to be dismantled on the beaches of India


Crew 'Safe & Well' After Ship Fire

Image: TOTE Services

 A Fire and Rescue Marine Response team was airlifted on board of the US car carrier, MV Honor, which caught fire in the English Channel after leaving Southampton headed for the USA at about 3.45am on Friday.  The American Roll-On Roll-Off Carrier Shipping (ARC) vehicle carrier was en


ASV Global to demonstrate C-Worker 5 ASV at Ocean Business exhibition

ASV Global C-Worker 5 Photo ASV Global

ASV Global has announced it will be demonstrating its C-Worker 5 Autonomous Surface Vehicle (ASV) at the Ocean Business exhibition in Southampton, 4-6 April 2017. Designed, built, and operated by ASV Global, C-Worker 5 is the ideal platform to support construction and survey operations in


MOL, University of Tokyo Graduate School Team up on Project based learning

Graduate students meeting to discuss the project Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced the completion, on Friday, February 10, of this year’s Project Based Learning (“PBL”) program at the University of Tokyo Graduate Program for Mechanical Systems Innovation (GMSI), Research and Education Consortium for Innovation of


Vestdavit mission accomplished on Ramform safety

Photo Vestdavit

Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipment keeping ships safely in service.


Cammell Laird Launches Claire House Charity Kite Boat

Photo: Cammell Laird

Merseyside shipyard and engineering company Cammell Laird held a special ceremony to launch a unique kite boat designed to raise funds for charity Claire House Children’s Hospice.   The ‘CL Challenger’ was designed by retired shipyard naval architect Bill Owen


Asbestos on Board

File photo: Workers clean the interior of a cargo hold aboard the LST-1166. (U.S. Coast Guard photo/Pacific Strike Team)

What happens when a solution to one or many obstacles ends up becoming an even larger problem? For seamen, one such problem is asbestos.    Asbestos is a natural fiber that was mined for use in construction and household products


Navionics charts in iNavX In-App Chart Store Available

Fugawi and Navionics make available Navionics charts in the iNavX In-App Chart Store Photo INAVX

iNavX, the benchmark marine navigation mobile application, announced today, in partnership with Fugawi and Navionics, the availability of Navionics charts in the iNavX In-App Chart Store. This is a first for the industry, and iNavX is the only independent marine navigation app to offer Navionics


MacGregor's Ship-to-ship compensation system Launched

ShipToShip Compensation System Photo MacGregor

MacGregor, part of Cargotec, has launched a new crane compensation system for offshore ship-to-ship load transfers, offering substantially larger operating windows as well as safer and faster load transfers.   "This robustly-tested technology can offer considerable commercial


Chao Phraya: A Floating Food World

Dinner cruise boat owned by Supatra Co. Ltd., 18 by 5-meters, 66-guests main, 24-guests upper deck, Cummins 6BTA-M 5.9-liter 150 HP, 7 knots, built by a contractor in Ayutthya. (Photo: Haig-Brown/Cummins)

For many years, the Supatra River House on the Chao Phrya River, has been a favorite with Thai and foreign dinners. Situated on the Thonburi side of the river, the most favored approach to the restaurant is by boat. To that end, the owner, Khun Supapan maintains a fleet of beautifully restored


MOL Invests in Self-Elevating Platform Vessel Operator

One of the world’s largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3)


Fire Breaks Out Aboard US Car Carrier

A fire has broken out out aboard the U.S. car carrier Honor in the English Channel while the vessel was en route to Baltimore from Southampton on February 24.   “The 21 crew are still on board the vessel and they are safe and well,” said Andy Jenkins, Commander for the U.K


IBIA in Attack Mode

Bunker fuel company staff supervising supply operations at port [Photo: ©2016 Patrick King Photo for GAC]

IBIA Attacks IMO Low-Sulfur Fuel Proposals; Association says 2020 decision may be based on overly optimistic fuel availability forecast   The IMO’s MEPC 70 proposals for a marine fuels sulfur cap of 0.5% to be in place by 2020 have attracted severe criticism from several major


Steel Cut for World's First LNG Cruise Liner

(Photo: AIDA Cruises)

German shipbuilder MEYER WERFT held a steel cutting ceremony on February 21 in Papenburg marking the ceremonial start of construction for the newest cruise liner for Rostock-based cruise company AIDA Cruises. The new cruise ship will be the world’s first capable of operating completely on


MOL to Invest in Seajacks International

One of the worlds largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks. Photo: Seajacks Ltd

 Mitsui O.S.K. Lines is investing in self-elevating platform vessel operator Seajacks International Limited (Seajacks) to move into offshore business following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel.   MOL has announced a plan to acquire a 5% share in Seajacks


ABB’s OCTOPUS for four semi-submersible vessels

Juha Koskela, Managing Director. Photo ABB Marine and Ports

ABB’s OCTOPUS marine software will improve the safety and efficiency of four new semi-submersible heavy lift vessels, using weather and loading data to plot the optimal route. The ships, owned by Greenland Heavylift Holdings, will transport gigantic cargoes such as oil rigs and jack-up rigs






 
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