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
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.
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
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
By Barbara H. Kempe In order to efficiently fabricate large, multi-component yachts using the strongest and lightest material possible, Intermarine Savannah has developed and refined a process of applying composite materials that is designed to save time, money, and to be environmentally friendly. Intermarine's method is a vacuum infusion process (VIP) in which vacuum is used as the main force to pull resin through dry fiber reinforcements. The reinforcements are loaded into a mold
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
Tuscan Energy has awarded Kongsberg Maritime a contract to supply and install a HiPAP 500 system on board the Nomis Shipping vessel, MV Dea Commander. The vessel will operate on the Ardmore Field in conjunction with two Single Anchor Loading (SAL) systems. These will be used to transfer oil to shuttle tankers using a flexible seabed riser. This loading system comprises an anchor point on the seabed where the loading risers and mooring lines are terminated into interconnected swivel
Xantic, the first global provider of Inmarsat Fleet 33 and Fleet 55 for all four-ocean regions, announced a unique offer on these recently launched services. Together with the Fleet 77 service launched in the beginning of 2002, Xantic now offers the full suite of Inmarsat Fleet services. The Fleet 33 and Fleet 55 offer comprises US$ 500 of free airtime for each new activation using Xantic. It is available for terminals activated up until 1 April 2004 and the free traffic is to be used before
In June, components weighing up to 420 tonnes each for Liebherr’s new heavy lift offshore crane CAL 45000-1200 Litronic were loaded from Liebherr MCCtec Rostock GmbH onto two ships in the port of Rostock. These components were subsequently transported to the Crist shipyard in
Since January 8, 2009, United States (U.S.) and foreign flagged ships operating in the waters of the U.S. have been subject to MARPOL Annex VI. The Marine Environmental Protection Committee (MEPC) of the International Maritime Organization (IMO) adopted amendments to Annex VI and the nitrogen
Scana Industrier ASA subsidiary Scana Steel Björneborg, receives an additional order from Rolls-Royce, for delivery of complete propeller and intermediate shafts during 2013-2014. The total value of the contract is 20-million SEK. Scana Steel Björneborg has a long history as a supplier
Representative Eric Feige from the Alaska State Legislature presents a letter of commendation to the 'Alert's crew for their rescue tow of drill barge 'Kulluk'. The captain and crew were recognized for their courage, teamwork and professionalism during the emergency rescue tow of the drill
QinetiQ Maritime’s Paramarine software, a ship and submersible design tool, has released its latest version of software including a number of new capabilities. The new functionality in Paramarine V8, developed by QinetiQ GRC, is intended to further meet the needs of commercial ship
As Exports Climb to All-Time High After a decline during the recession years, U.S. exporters today are pleased with the record-breaking value of overseas shipments. At the same time, they are learning to cope with shipping cargo that can be far different than the types of goods sold in the past
Maersk Container Industry has joined the United Nations' SAVE FOOD Initiative to help make international food logistics more efficient. "Food should not be wasted, but too often it is, and we believe our technologies can help improve the food logistics chain," says Peter K
The latest version of classification society Germanischer Lloyd's (GL) thickness measurement software Pegasus, was recently released. To verify the structural integrity of a vessel, hull thickness measurements must be periodically take, with each measurement point documented
MAN Diesel & Turbo is to supply eight engines for the diesel-electric propulsion of two cruise ship newbuildings to Fincantieri Cantieri Navali Italiani S.p.A. The company is delivering the engines in cooperation with Alfa Laval who will supply accompanying exhaust-gas-treatment systems
Aberdeen-based project management and development engineering specialist EPC Offshore has signed an agreement with Total E&P UK Ltd. (TEP UK) to provide support services at its natural gas and condensate discovery in the Atlantic. Edradour, located in Block 206/4 of the U.K
Seaway Powell Marine, a British engineering company specializing in the design and manufacture of marine hydraulic systems, now has a mobile service and repair team for winches, windlasses, hydraulic and conventional sail and rigging controls.
The Korean Register – an IACS member class society - signed an MoU with global steel producer Dongkuk Steel. The agreement paves the way for the two organizations to cooperate on the exchange of strategic technology relevant to the construction of seagoing vessels and platforms.
Maersk Container Industry has joined the United Nations' Save Food Initiative to help make international food logistics more efficient and reduce global food waste. "Food should not be wasted, but too often it is, and we believe our technologies can help improve the food logistics chain
Martek Marine, U.K.-headquartered manufacturer of maritime safety systems, announced the launch of a Lloyd’s Register MED-approved BNWAS designed specifically for smaller bridges to meet the next stage of BNWAS implementation starting in July of this year
ABS Quality Evaluations, Inc. (ABS QE) became the first audit service provider to obtain Provisional Accreditation status from the Center for Offshore Safety (COS) on April 25, 2013. As a provisional accreditor, ABS QE offers safety and environmental management system audits to evaluate the