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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


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


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


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


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.


Beemar Supply Vessel Fleet Uses Hughes Broadband

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


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


Grounded Malaysian Container Ship Is Pulled Free

A Malaysian container ship grounded on Australia's Great Barrier Reef for 12 days with dangerous chemicals aboard was pulled free on Tuesday, state officials said. Four tug boats were used in the operation after two earlier attempts to free the 600 ft. (184-m) Bunga Teratai Satu from the World Heritage-listed reef had failed. Winches on board the ship and connected to anchors on the sea floor were also used. It was reported that there were no immediate signs of pollution


Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling. Contract drillers face a tough year as vessels ordered during boom times are delivered just as energy


No Lift for Konecranes as Q1 2014 Profit Slips

Image courtesy of Konecranes

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit, excluding one-off items, fell to 15.6 million euros ($22 million) from 23


Peel Ports Signs £100M Contract For Cranes For New Liverpool Terminal

Mega Cranes

  Peel Ports Group has signed a multi-million pound deal with Shanghai-based Zhenhua Heavy Industries Co. (ZPMC) for 17 ‘mega cranes’ for its new £300m Liverpool2 container port. ZPMC will initially supply five ship-to-shore (STS) megamax quay cranes and 12 cantilever


Marine Toilet Features Simple Installation

Image courtesy Raritan

The new straightforward design of Raritan's SeaEra QC toilet is engineered to ensure simple installation onboard a vessel. It also gives boat owners a choice of controls for maximum flexibility. SeaEra QC electric marine toilets come in two models


Safety the Focus as Heavy Lifting Picks Up

Samson and Manitowoc Announce KZ100 Synthetic Crane Hoist Line. (KZ100 is also featured in the image running across the top of this page)

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that requires consistent monitoring of man, machine and procedure to ensure they are conducted in as an efficient and safe manner as


Azeri Shipyard, BP Sign Vessel Construction Contract

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Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project, BP said on Wednesday.   Azerbaijan's biggest gas field


Korean Prosecutors Raid Home of Ferry's Owner

Prosecutors investigating the fatal sinking of a South Korean ferry have raided the home of Yoo Byung-un, the head of a family that owns the Chonghaejin Marine Co. Ltd, the company that operated the ship. Kim Hoe-Jong, a prosecutor on the case


Ship as Lifeboat Concept Disputed by ICV

Rendering courtesy of Dockwise

A recent meeting at the National Transportation Safety Board in Washington, D.C. (attended by International Cruise Victims (ICV) Board representatives) discussed the new International Maritime Authority (IMO) policy of using “the ship as the lifeboat”


Cruise Industry Highlights Environmental Efforts

Royal Caribbeans Adventure of the Seas (Photo: CLIA)

In commemoration of Earth Day, Cruise Lines International Association (CLIA) today highlighted the extensive efforts of the cruise industry and CLIA member lines to preserve and protect the environment.   “CLIA member cruise lines continue to invest in systems and technologies


ISS to Support Petrobras Expansion

Inchcape Shipping Services (ISS)  has had its port agency and tanker husbandry services contract significantly enlarged by Petrobras.   The Brazilian government-owned energy giant, which already uses ISS in Brazil, Chile, USA, Asia Pacific and China


Marine Robots Survey D-Day Rehearsal Wreckage

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Mission commemorates 70th anniversary of World War II Tragedy. A mission off the coast of South Devon, England has surveyed two U.S. Landing Ship Tanks (LSTs) that were torpedoed and sunk during the D-Day rehearsal Exercise Tiger on April 28, 1944


Russian Partners Agree Icebreaking OSV Constructions

Arctic drillship: File photo

Sakhalin Energy and Sovcomflot (SCF) inform they have agreed to extend their co-operation having signed a number of agreements for construction and long-term operation of support vessels for the Sakhalin-2 project. SCF explain that the vessels will be used as year-round personnel carriers and


USCG to Medevac Injured Mariners Battling Rough Seas off Alsaka

The U.S. Coast Guard said it is preparing to medevac three injured mariners from a vessel currently more than 300 miles south of Kodiak Monday after a large wave reportedly caused multiple injuries aboard a 587-foot containership. Coast Guard watchstanders at the 17th District command center in


Strategic Planning With Aggregate Data

Pekka Autere

A sensor is a device that measures some kind of input from the physical world. On complicated technical systems such as vessels, there is an enormous amount of different sensors. The number of sensors will surely grow as the size and cost of sensors continuously decrease


New Conept Under Test: Arctic Drillship

Solange Van Derwerff

When Ulstein Sea of Solutions (USOS) took part in a concept design competition for an arctic drillship, MARIN was asked to investigate the concept variations. USOS was asked to participate in a concept design competition for a drillship  capable of operating in arctic conditions for several


 
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