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
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
"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
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
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.
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
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
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.
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
At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season. The locks at Sault Ste. Marie, Michigan are among 16 locks that form the Great Lakes St
With ESPRIT CAM software, Armor Mécanique has the wind in its sails; 50% time savings, better quality and new markets thanks to 3D machining Established in 1984 as a company dedicated to engineering marine motors, Armor Mécanique is situated in the port of Lorient
URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the port of Hamburg under the URAG subsidiary Lutgens und Reimers (L&R). The order for the tugs was placed in September 2014 and work
The Paducah-McCracken County Riverport Authority and Ingram Barge Company has announced plans to assess the viability of Intermodal River Transportation, utilizing the largest flat-top crane in North America owned by the Paducah Riverport Authority and Ingram’s towboats and barges.
Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered the retrofit of Ecochlor’s ballast water treatment system (BWTS) aboard the 2007-built ro/ro car carrier vessel M/V Green Bay
MV Lone proves as project platform for Wikinger wind farm SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone. Once again, MV Lone served as project platform for SAL Heavy Lift customer Bilfinger.
Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.1 percent. The placement was oversubscribed. The settlement date for the bonds will be April 8, 2015
Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil marine engineers and ship operators of feasibility and operability while at the same time allaying the fears of local residents that
SATCOM edges closer to providing standardized services to the workboat sector. It’s affordable now and someday soon, you won’t be able to afford to be without it. Dartmouth, Nova Scotia-based JouBeh Technologies today makes it possible for far flung workboats to transmit critical data
Russian Deputy Prime Minister Dmitry Rogozin came down heavily on country's shipbuilders criticizing them for doing a poor job to implement instructions from the president and prime minister regarding wider production of civilian ships at domestic shipyards.
The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was given the name ceremonially by breaking of a champagne bottle on the bow of the vessel
Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments for offshore installations by calculating the probability of a ship collision with the offshore installation
Cruden is unveiling its new high speed boat simulator at the 7th HSBO Forum (Lisbon, May 4-6). Using detailed modelling and motion cueing techniques, as well as professional image generation developed in the automotive and motorsport industries (including Formula 1TM)
Sen. Rand Paul (R-KY) reintroduced the Harbor Equity Act on Monday, his office announced. This legislation modifies the existing criteria used by the U.S. Army Corps of Engineers to dredge small harbors. Currently, the Corps' prioritizes dredging solely for larger harbors that see
Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel. The pioneering vessel