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.
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
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
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
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
Kessler-Ellis Products (KEP) – the manufacturer of industry-leading type approved displays and computers, announced today its new range of Intelligent Vessel Management Systems, the KEP IVMS. Used to manage critical assets and information in the most organized and functional way possible, the new KEP IVMS systems gives commercial vessel operators and crew complete monitoring and control, and the real-time information and alerts critical to keeping an organization’s assets running
Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device primarily for carrying out inter-field transfers. They have already found the device to be an invaluable backup method for when
Burger Boat Company announced that it has received a contract for the construction of an 89-foot (27-meter) steel passenger vessel for Wendella Sightseeing Company, Chicago, Ill. Styled after other vessels in Wendella's fleet, this vessel will be used for their signature Combined Lake and River
The 53rd U.S. Army Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers, Lt. Gen. Thomas P. Bostick, visited the Port of Houston Authority last week and was given an aerial tour of the Houston Ship Channel as part of a briefing that highlighted economic growth along the
Scottish Salmon Farms has taken delivery of its latest vessel – powered by twin Doosan V158TIH main engines supplied by WaterMota. Designed by consultant naval architects AG Salmon as a multi-role vessel, Sally Ann was built by Arklow Marine Services in Ireland for Scottish Sea
As part of its commitment to a regionally tailored approach to safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today issued a Call for Information and Nominations for potential Oil and Gas Lease Sale 242
One sign of change in Iran as it works toward a nuclear deal with world powers is the way it is feeding itself, with private grain firms beginning a slow return to their traditional role as major food commodity importers. Iran was never barred from buying food under sanctions imposed by the
In view of an increasing demand for security of merchant ships and maritime trade, Raytheon Anschütz, a German-based manufacturer of Integrated Bridge Systems, has developed shipborne security solution ShipGuard. ShipGuard will be presented for the first time ever at SMM 2014 in Hamburg
Out at sea, look! It’s a ship! It’s a floating rig! It’s SuperFLNG! While not “faster than a speeding bullet,” Shell’s shipzilla Prelude is certainly more powerful than a speeding locomotive, and will be able to leapfrog in size
In early June, the shipping community met in Athens, Greece for Posidonia 2014. While the focus in Athens tends to be skewed more toward the night life and after hour parties, Maritime Reporter was able to dig out some relevant product and service news from the exhibition center.
Hyde Marine, Inc., announced today it has launched an agreement with Goltens Green Technologies division to help shipowners determine how to best fit the chemical free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) onto its existing vessels.
Parker Kittiwake explains why frequent condition monitoring is the most effective measure in combating the recent cold corrosion phenomenon The recent trend in favoring newer generation engines which offer improved fuel consumption by using a longer stroke reflects the marine industry’s
At this year’s SMM in Hamburg, Voith will showcase propulsion systems and vessel concepts focusing on high efficiency and dynamic positioning even under challenging conditions. In hall A4, booth 203, a Voith Schneider Propeller as well as the Voith Inline Thruster 850
Resolve Maritime Academy informed it has started building a new, two-story wet trainer, larger and more expansive than its original, the L/V Gray Manatee. “We are incredibly proud to offer a course that combines stability and damage control using our new two-story wet trainer
On August 1, Hamburg Süd will open an office in Nanjing, China, to be headed by general manager Steven Pu. Hamburg Süd now operates from 20 locations in Greater China. All tasks previously carried out by the Ben Line agency will be taken over by the new Hamburg Süd office
AVEVA launches a new application for governing asset information using a standards-based methodology. AVEVA announced the launch of AVEVA Information Standards Manager (AVEVA ISM), a software product that enables both EPC contractors and asset Owner Operators to achieve greater control over