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.
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
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
"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
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, 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
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.
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.
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
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
Parker Bestobell Marine, part of Parker Hannifin, has won a contract to supply cryogenic globe and check valves for two Caledonian MacBrayne Ferries (Calmac) being built at Ferguson Marine Engineering in Glasgow. The valves will be installed in the liquid natural gas (LNG) fuel gas
Lloyd’s Register (LR), a global engineering, technical and business services organization has added to its portfolio of advanced data, digital and software solutions with the acquisition of Seasafe Marine Software & Computation (Seasafe).
With familiar faces, new partnerships and Houston office, Damen widens its North American profile with a flurry of new work orders. With a flourish and a flurry of new business, Damen’s new U.S.-based office officially opened in Houston, Texas on July 1, 2016
ABS has published the ABS Guidance Notes on Structural Monitoring Using Acoustic Emissions. This industry-leading guidance presents best practices for planning and executing Acoustic Emission Testing (AET). “A primary goal at ABS is to improve safety without interrupting operations
Cohort plc company SEA will start work in December on upgrading the Combat Systems Highway (CSH) infrastructure on the Chilean Navy’s three former Royal Navy Type 23 frigates. The upgrade on the Chilean frigates Almirante Cochrane, Almirante Condell and Almirante Lynch follows a similar
The new boat being built for the Virginia Pilots Association joins the increasing number of pilot boats powered by Volvo Penta IPS. The 55-ft. vessel, designed by C. Raymond Hunt Associates and built by Gladding-Hearn Shipbuilding, will run on twin D13 900 hp U.S
Miraejet Co. Ltd. named its Damen Fast Ferry 4010 JET MV Nina at an official launching ceremony held at the Busan International Ferry Terminal in the Republic of Korea on October 6th. Nina was named after one of the ships deployed on Christopher Columbus’ first voyage to the West Indies.
McMurdo has announced a new global satellite communications system, McMurdo OmniCom, the first in a family of products that will be rolled out over the next six months to provide complete worldwide fleet management and vessel monitoring solutions for the workboat
GE’s Marine Solutions will be present at the International WorkBoat Show, showcasing maritime technologies including: EPA III/Tier 4 Marine Diesel Engine New global emissions standards reduce emissions by more than 70 percent. Engine technology had to advance to meet the new standard
The European Community Shipowners’ Associations (ECSA) welcomes the European Council’s decision of 25 November to extend the mandate of Atalanta, the European Union’s counter-piracy operation along the East African coast.
The Port of Grangemouth, Scotland’s largest container facility has enjoyed one of its busiest seasons, with over 50,000 TEUs (Twenty Foot Equivalent Units) being handled at the port in the last two months. This four-year high is the result of a buoyant fresh food export season utilising the
Horizon Shipbuilding is in the process of installing the first production EPA Tier 4 certified units of its 3516E EPA CAT Marine engines, on a pair of tugs it is building for McAllister Towing & Transportation Co., Inc. The pair of 100 foot azimuth stern-drive (ASD) escort and rescue
The heavy cargo roll on/roll off' coaster vessel recently delivered and commissioned by Concordia Group is not the typical RO/RO. Once a containership, the 141-meter-long and 20-meter-wide Rotra Vente was converted into a specifically designed ship to be used under charter by Siemens
ABB’s project to convert two HH Ferries’ vessels into the world’s largest emission-free ferries is gathering pace after Öresund Dry Docks was selected to carry out the work. M/F Tycho Brahe and M/F Aurora will both be fitted with 4
Sea trials have begun on two Falmouth based pilot vessels which will provide data for the Innovate UK funded MOVE (Monitoring for Operational Vessel Efficiency) project. Rising fuel costs, emissions regulation and concerns about carbon emissions are severe challenges for marine vessel