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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


LR Safety Alert: BW Exchange & Air Pipe Head Damage

Photo: Lloyds Register

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


KEP Marine Launches Intelligent Vessel

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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


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


Minimize the Risks, Think Cold Bonding

Plate bonding repair on equipment

Cold bonding: a safer alternative to hot work Hot work required for welding, grinding and cutting operations presents certain potential hazards when conducted in potentially explosive and flammable environments. According to the Health and Safety Executive guidance 2013


'Environmental' Hull Cleaning Ops OK'd in Oman

HullWiper ROV

Oman’s Ministry of Environment and Climate Affairs has granted GAC EnvironHull permission to conduct underwater hull cleaning operations using the brush-and-diver-free HullWiper system at the port of Sohar, just outside the Gulf of Hormuz


ClassNK Certifies Ship with Air Lubrication System

Photo: MHI

ClassNK has completed the EEDI appraisal of Harvest Frost, the world’s first post-panamax bulk carrier fitted with the Mitsubishi Air Lubrication System (MALS). The Harvest Frost was constructed by Oshima Shipbuilding Co., Ltd. for ADM Harvest Shipping in accordance to ClassNK rules and


New Videoconferencing Kits Offer Medical Lifeline

Image: DigiGone

DigiGone, a communication solution provider specializing in secure video transmission, introduced its new remote telemedicine kits for marine, aviation and land-based applications. Based on DigiGone’s proprietary SecureChat video encryption and compression software


Eastern's Columbia on Display in Fort Lauderdale

The modernized steel hull Columbia replica is based on the classic 1923 design. (Photo: Eastern Shipbuilding Group)

Eastern Shipbuilding Group’s reengineered Columbia, built from the original design plans of the classic 1923 Essex-built schooner, will be on display at the Fort Lauderdale International Boat Show, October 30-November 3, 2014. The original Columbia


Great Lakes Shipyard to Build Two Tugs for NYPA

Rendering of one of two tugboats recently ordered by the New York Power Authority (NYPA) to replace two aging vessels—the Daniel Joncaire and the Breaker—that support the winter operations of NYPA’s Niagara Hydroelectric Power Plant and the Sir Adam Beck Pumped Generating Station, owned by Ontario Power Generation. (Credit: NYPA)

The Great Lakes Shipyard in Cleveland, Ohio, has been contracted by New York Power Authority (NYPA) to build and deliver two new tugboats for the Niagara Power Plant’s winter operations in Buffalo, N.Y. The new tugs will augment and replace aging vessels that are used for the installation


Wallem Adds Three Ship Simulators in Ukraine

Fared Khan

The Wallem Maritime Training Center in Odessa, Ukraine added three training simulators: bridge simulator (Transas NT-PRO 5000 5.25), engine room simulator (Transas Techsim 5000 8.3) and liquid cargo handling simulator (Transas LCHS 5000). The equipment will be used to simultaneously train deck and


Schlumberger Introduces New Well Integrity Service

The Invizion Evaluation service optimizes cement evaluation for zonal isolation using integrated data. Download

Schlumberger announced today the release of Invizion Evaluation* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data. “One key component in achieving zonal isolation is cementing, which can impact productivity


Statoil: Subsea Wet Gas Compressor Coming to Gullfaks

The compressor has been mechanically completed and trial fitted by Radøy Gruppen on Radøy, and is now ready for final system integration tests at One Subsea Horsøy. (Photo: Statoil)

The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy outside Bergen before being prepared for installation and hook-up to Gullfaks C in 2015. By adding 22 million extra barrels of oil equivalent from the Gullfaks South Brent reservoir the


Phoenix Debuts EcoMod 450 Floodlight

EcoMod 450 (Image courtesy of Phoenix Products Company Inc.)

Phoenix Products Company Inc. introduced the EcoMod 450, the latest edition to the company’s EcoMod Series of LED floodlights. With an output of up to 41,250 lumens, the EcoMod 450 replaces up to 1,500W HID floodlights and easily retrofits to existing Phoenix installations


Royal Norwegian Navy Chooses Sagem Navigation System

Sagem (Safran) has won a contract from the Royal Norwegian Navy in competitive bidding for the navigation system on its polar research ship, the RV Kronprins Haakon, as well as the future 26,000-metric-ton ocean support vessel to be built by the Korean shipyard DSME under a contract signed in July


First Bulk Carrier Delivered to ADM of US

Newly developed bulk carrier with MALS

  The first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI), a vessel offering superlative energy efficiency and environmental performance, was delivered today to Archer Daniels Midland Company (ADM) of the U.S


Oshima-built Grain Carrier Delivered in the US

Newly developed bulk carrier with MALS (Photo: MHI)

Today the first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI) was delivered to Archer Daniels Midland Company (ADM) of the U.S., following its completion at Oshima Shipbuilding Co., Ltd. of Nagasaki, an MHI licensing partner.


Miko Marine Launches US Subsidiary

Photo: Miko Marine

Miko Marine AS has opened a subsidiary in Morgan City, La. from where it will be able to supply ship operators and salvage companies throughout the United States with its range of products, including its magnetic patches to prevent ships from sinking.


SMC to Provide Marine Coordination for Siemens

Photo courtesy of Siemens

Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project. The Butendiek offshore wind farm in the North Sea began construction in early 2014, and is due for completion mid-2015






 
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