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
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.
When Beemar, LLC rolled out a fleet of Dynamic Positioning 2 (DP-2) Platform Supply Vessels (PSVs), they needed a global broadband maritime communications solution that could match the high-tech demands of these new vessels and of their customers. BEEMAR chose Hughes Network Systems, LLC and Environmental Safety Systems International, Inc (ESSI) to fulfill this mission. Hughes is equipping BEEMAR's entire fleet of platform supply vessels with its fully managed maritime solution in
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
When the Snorkels were first delivered, there was concern the power track used to hold the hydraulic hoses wasn't strong enough. Norshipco is so oriented to steel components, they were afraid the composite Snorkel power tracks wouldn't hold up. They were wrong. In fact, the material used in them tolerates the wear of grit better than metal power tracks and isn't susceptible to salt water corrosion. And, if a link is broken, it can be individually replaced without disassembling the entire system
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
Wärtsilä's unique GasReformer uses steam reforming technology to convert associated gas to a quality that can be used as gas-engine fuel. The Wärtsilä GasReformer enables gases produced during oil production, which by nature are rich in heavy hydrocarbons, to be converted into a methane rich product for utilization in Wärtsilä dual-fuel engines operating at full performance levels. Traditionally such gases would be flared and wasted
Recent port state control detentions (particularly in Australian waters) have revealed numerous cases of damaged and inoperable ballast tank air pipe heads. The air pipe heads were of the automatic float type, from different manufacturers and used by different new construction shipyards. Investigation showed that all the air pipe heads had been damaged by being subjected to continuous overflow of the ballast tanks for ballast water exchange – a function for which they were not
US-based Nuvera Fuel Cells says it will be working with Italian shipbuilder, Fincantieri, on a program to power hi-end marine vessels with advanced fuel cell technology. Nuvera has been commissioned to produce and deliver eight of its Orion™ fuel cell stacks (total power 260 kW)
An all-electric, fuel cell-powered, unmanned aerial system (UAS) aircraft has been successfully launched from the submerged 'USS Providence' (SSN 719) & flew a several hour mission demonstrating live video capabilities streamed back to the submarine
Royal Dutch Shell plc announced that the company will not move forward with the proposed 140,000 bpd Gulf Coast gas-to-liquids (GTL) project in Louisiana. Shell is a leader in GTL technology, and the company said it has evaluated a number of development options for GTL on the US Gulf Coast
Parker Kittiwake, the global provider of asset control and protection technology, has launched its newly updated DIGI TBN test kit. The digital, used-oil analysis kit now gives a rapid indication of total base number (TBN) depletion in scrape down cylinder lubricants with a BN range up to 100.
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, is expanding its product offering in the marine market and has appointed six Capstone marine distributors. Capstone marine microturbines, which run on cleaner and less costly liquid natural gas (LNG)
Claxton Engineering Services Ltd, a member of the Acteon Group’s risers, conductors and flowlines business, has celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment operation.
Baltic Trading Limited has accepted delivery of the first of two new bulk carriers, 'Baltic Tiger', a 179,185 dwt Capesize vessel, and found a time charter for the vessel without delay. The Baltic Tiger delivered to its charterer, Swissmarine Services S.A
Since its arrival in Tacloban city in Leyte province of Philippines, the "Peace Ark" has used a forward hospital as the pivot and the hospital ship as the major platform, and integrated forward medical detachments and medical visits
Rolls-Royce has announced that it has won an order to provide design and integrated equipment packages for two UT 771 WP platform supply vessels to be built by Sinopacific Shipbuilding Group Co. Ltd (SINOPACIFIC), a shipbuilder in China. The contract incorporates MTU-engines as part of an
Beginning December 1st, 2013, the Captain of the Port (COTP) Sector Delaware Bay is setting a Seasonal Ice Alert for navigation within the Delaware River, Delaware Bay, all existing tributaries, and the New Jersey and Delaware Shore. With the onset of fall and winter
Using Computational Fluid Dynamics (CFD), new insights can be obtained into the working principles of Energy Saving Devices (ESDs), which all serve to increase the fuel efficiency of a ship. The advantages of using ReFRESCO to study ESDs are explored in this article
AVEVA announced that BMT Defense Services Ltd (BMT) has chosen AVEVA Marine software to serve its current and future customers through improved design efficiency. BMT has selected AVEVA Marine to enable tighter integration between its hull and outfitting disciplines
FORAN has been the CAD/CAM System used by the Chilean shipyard ASMAR in the development of an Oceanographic and Fisheries Research Vessel, a state of the art design built for worldwide oceanographic and fishing service and geological research. The vessel, Cabo de Hornos, has been already delivered
Global maritime IT services company, Versiant, says that its Lynx™ mobile software solution has been installed by the Port of Houston Authority (PHA) providing real-time accurate information for their customers at Barbours Cut and Bayport Terminals.
Royal Dutch Shell plc says it will not move forward with the proposed 140,000 barrels per day Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspend any further work on the project. Shell, says it is the industry leader in GTL technology