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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


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.


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


Shipwreck Science Program Begins

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Fifteen talented Erie area high school students in the Minority College Experience / Women in Science and Engineering (MCE/WISE) program through Penn State Erie, participated in the Bayfront Center for Maritime Studies' (BCMS) first expedition of the Shipwreck Science Program on June 12, 2009. BCMS is an eleven year old non-profit community based organization in Erie, Pennsylvania that uses hands-on projects including sailing, boatbuilding


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.  


GNS Launches Free E-Navigation Solutions

At SMM in Hamburg, Germany this week, Global Navigation Solutions (GNS), the maritime services group announces the launch of (i) its new free Essentials package, as well as (ii) an upgrade to the Voyager Planning Station dashboard, and (iii) a new bundle purchasing option. Essentials Package With effect from 1 October 2014, GNS customers will be able to use its new Voyager Essentials Package free of charge. This will enable vessels to benefit from GNS’s navigational purchasing and


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


Wave of US Marine Innovation Heading to the UK

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A wave of cutting edge U.S. maritime innovations will be highlighted in Southampton, U.K. this October during three specialist one day events for the sub IMO / sub 24 meter professional sector. The unique NEXT GENERATION Workshops bring together an international group of experts armed with the


TCS Charters CWind Crew Transfer Vessel

Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the U.K.   CWind, a provider of services to the offshore wind industry


Vessel Spotlight: RV Meen Shandhani

PHOTO: Department of Fisheries in Bangladesh / International Maritime Consultants (IMC) / Sumber Samudra Sdn Bhd.

RV Meen Shandhani: International FRV for Bangladesh     IMC’s latest fisheries research and survey vessel design was built in Malaysia for the Bangladesh Department of Fisheries. RV Meen Shandhani arrived in Bangladesh in June after completing extensive sea and fishing trials


Vane Brothers’ New Tug Baltimore Enters Service

Baltimore (Photo: Vane Brothers)

Vane Brothers said it has taken delivery of its newest tugboat, Baltimore, named for the city in which the marine transportation provider is headquartered.   The Baltimore is the third of eight vessels in Vane’s Elizabeth Anne Class of 4,200-horsepower tugboats contracted through St


Hanjin Gets $45 Million Credit Line From KDB

Photo: Hanjin Shipping Co

 Korea Development Bank has offered a conditional credit line of 50 billion won ($45 million) to help ease supply-chain disruptions caused by the collapse of Hanjin Shipping Co, says a report in Reuters.   An estimated $14 billion of cargo was trapped on Hanjin ships when the world's


Shell Loads First LNG Vessel at Gate Terminal

Coral Methane loading (Photo: Shell)

Shell loads first LNG vessel, using new LNG fuel infrastructure at Gate terminal. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel, the Coral Methane happened on September 19th


MOB Device for Immediate Alert for Fast Response

ALERT2 Man-Overboard Alarm System from Emerald Marine Products  Photo Emerald Marine

Professional mariners know the life-threatening hazards of falling overboard, but may not consider how critical the recovery window is, especially with a moving vessel. Compact and easily carried on a PFD, the ALERT2 Man-Overboard Alarm System from Emerald Marine Products immediately sets off


IMRF Launches Children’s Lifejacket Campaign

Image: International Maritime Rescue Federation

 Lifejackets have been donated by ActionAid to the International Maritime Rescue Federation to send to the Mediterranean to help adults and children who need rescuing on a daily basis.   The 300 lifejackets – 150 for adults and the rest for children – will be sent to


Rolls-Royce to Equip Five New Cruise Ships

Promas System (Photo: Rolls-Royce)

Rolls-Royce has announced a new deal to provide propulsion and deck machinery to five cruise ships being built by Fincantieri at their Monfalcone and Ancona Shipyards in Italy.   The firm orders are to supply a Promas system, deck machinery and steering gear to two vessels being built


Norway Approves PBES Lithium Energy Storage

Photo: PBES

Plan B Energy Storage (PBES) said its marine energy storage system has received approval for use in electric and hybrid vessels in Norway, having met the new Norwegian Maritime Authority (NMA) standard.   The lithium-ion battery manufacturer PBES


Polaris: World´s First LNG-Powered Icebreaker Delivered

(Photo: Arctech Helsinki Shipyard)

Arctech Helsinki Shipyard delivered the most powerful newcomer in the Finnish Icebreaker fleet, icebreaker Polaris, to the Finnish Transport Agency on September 28th, 2016. The Finnish Transport Agency handed the vessel over to Arctia Icebreaking Oy


Seagull Maritime Launches Training Analytics Tool

Photo courtesy of Seagull

Seagull Maritime has launched a Training Analytics tool using automated prompts to help managers to benchmark training activity levels and prioritize follow up. Developed in collaboration with several Seagull Maritime customers, the Seagull Training Analytics tool provides a simplified process for


Sustainable (R)Evolution: A Multipurpose Maritime Education Fleet

Photo: Jen Berghuis

Industry Stakeholder Chad Fuhrmann presents ‘an unprecedented opportunity’ as well as a viable option when it comes to finding replacement training vessels for future maritime officers …   Efforts have been underway since 2014 to procure government funding for new


Ecospeed Pays Dividends for Interscan

The 3000dwt general cargo vessel Patriot was coated with Ecospeed in 2005 Photo Ecospeed

Trading in ice is the toughest challenge for a hull coating. Regular anti-fouling paints or simple epoxies are usually scraped off by the constant abrasion of the ice, and extra drydockings are needed to repaint, often after just one season.


Con-Green 2000 - Next Generation of Feeder Vessels

Image: DNV GL

 The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract






 
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