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Used Vessels

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.


Planned Tanker Age Curbs Seen As Insufficient

Age limits being imposed on tanker chartering by oil companies do not address the use of ships like the Erika, which broke up off France in December, shipping industry sources said. Companies are opting not to use large vessels, above either 80,000 or 100,000 dwt, more than 20 years old unless they have extra safety certificates. However, the age limit is higher for smaller tankers - at 25 years - partly because there are not enough newer ships


SCA: Tanker Rates Justify Higher Construction Prices

The vessel retirement schedule in the Oil Pollution Act of 1990 will force retirement over the next five years of at least 12 U.S.-flag product tankers totaling almost 500,000 dwt of capacity (approximately 25 percent of the total U.S.-flag product tanker fleet) and over 50 U.S.-flag tank barges greater than 5,000 gross tons totaling over 1,000,000 dwt of capacity (approximately 45 percent of the total U.S.-flag ocean-going tank barge fleet greater than 5,000 gross tons). The struggling


McDermott Awarded Two Saudi Aramco Contracts

McDermott International, Inc subsidiary awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan, Safaniya and Zuluf fields The first project, Karan-45, comprises fabrication of a new wellhead platform, auxiliary platform, jacket and link bridge, with subsea installation of a 20-inch flowline and a 15kV composite power and fiber optic cable. Project management, engineering and procurement will be undertaken at McDermott’s engineering office in Al-Khobar, Saudi Arabia


MPA Launches Videotel's Training for Safe Navigation in Singapore Strait

Safe Passage in The Singapore Strait

The Maritime and Port Authority of Singapore (MPA) has released a training programme, produced by Videotel, a KVH company, to encourage safe navigation in the Singapore Strait. Carrying an estimated one third of the world’s traded goods, the Singapore Strait is one of  world’s busiest shipping lanes  the world’s busiest shipping lanes. Recent projections show that maritime traffic is set to increase significantly along this narrow waterway, which


Henriksen Unveils Safer Hook Range

A new range of hooks from Henriksen AS introduces a significant level of safety for crews engaged in towing small to medium-sized vessels and loads. The new towing hook has been designed for users at the lighter end of the towing spectrum and it is available in three versions for use with loads from ten, five and two a half tonnes. Each model is certified as being capable of towing loads up to six times greater than its designated strength which makes it an important asset for any working


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.


Obituary: David Parrot, Founder and Former Chief, TITAN Salvage

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David Gray Parrot, 65, founder and former chief of TITAN Salvage, passed away in Maine in the comfort of family and friends. Parrot is survived by his wife Penny, sons Hunter and Gage, and a network of friends and family.  A private family service is scheduled for this weekend in Maine. "On behalf of the entire Crowley organization, I extend my deepest sympathies and condolences to David's family, friends and colleagues," said Tom Crowley, Jr


Damen Trading Delivers Several Vessels

Photo: Damen

Trading in preowned vessels continues to be a popular choice for many customers. Damen Trading facilitates the sale and purchase of both Damen and third-party vessels. Recent deals highlight how trading in vessels results in a win-win situation for buyer and seller.  Under these arrangements vessels have been sold in Australia and bought by clients in Uruguay, U.K. vessels have gone to Zanzibar, Colombian vessels to Jamaica, with customers worldwide seeing the benefits of trading in


Workboat Comms: Controlling Connectivity Costs

Steve Burke (Photo: Bluetide Communications)

Bluetide Communications’ Access Management Portal (AMP) application for wireless network management is changing the way workboat operators manage data, crew and costs.    Thousands of miles, and weeks or months out at sea, the next best thing to physically being there, is an electronic connection home, and today, mariners increasingly are reluctant to board vessels without access to some form of it. “What seafarers want overwhelmingly is a cost-effective way to speak to


Damen's Mobile BWTS Receives IMO Type Approval

Photo: Damen

Damen said its mobile ballast water treatment system has received type approval from the International Maritime Organization (IMO).   An external ballast water treatment unit designed primarily for use in ports and harbors, the Damen InvaSave treats ballast water to the IMO D-2 standard


Capsized Cargo Ship Refloated in Sweden

(Photo: Ardent)

Ardent salvage crews used a parbuckling method to right and refloat the cargo vessel, M/V Sternö, which was loaded with 1,400 tons of grain when it suffered a collision and rested on a jetty structure with a 54-degree list.   Ardent crews were mobilized in late February 2017


Poseidon Meets Substantial Water Needs

Photo: FCI Watermakers

Large offshore vessels and drilling platforms have atypical water demands. Daily personal use often pales in comparison to shipboard and production operation needs. FCI Watermakers' high-output Poseidon+ produces 54–103m3/14,265–27,210 gallons of fresh, pure water per day.  


Denmark Makes More AIS Data Available

(Image: DMA)

Having already published Automatic Identification System (AIS) vessel traffic data from 2014-2016 on its website, the Danish Maritime Authority (DMA) has made even more historical AIS data available. Now anyone who may be interested can also access Danish AIS data from 2006 to 2014.


Chantier Davie Shipyard: Competitive Value of Integrated Shipbuilding Tech

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Case study: Chantier Davie Shipyard invests in AVEVA technology to keep competitive. Established in 1825, Chantier Davie Shipyard is Canada’s oldest, and still today one of its most innovative, shipyards. Situated in Quebec, the yard has been expanding in both working and production


Transportation Electrification Arrives at the Waterfront

Credit: Clean Air Engineering - Maritime (CAEM)

Transportation electrification (TE) is starting to impact California like no other state, maybe unlike any other place in the world. Essentially, and eventually, TE depends on replacing gasoline and diesel engines with renewably generated electric power


Expanded Panama Canal Welcomes 1000th Neopanamax Vessel

MSC Anzu as it transits the Cocoli Locks (Pacific side), becoming the 1,000th Neopanamax ship to transit the Expanded Canal. (Photo: ACP)

Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal has announced that it has welcomed its 1,000th Neopanamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe


Damen OPV Roadshow Tours Australia

Mark Todd (Photo: Damen)

Damen Shipyard Group’s Australian team has delivered two more industry briefings to potential suppliers from Australian industry ahead of its bid submission for the design and build of 12 offshore patrol vessels (OPV). Following February’s events held in Adelaide and Perth


Fishing Vessel Captain Pleads Guilty to Pollution Charges

A captain of the fishing vessel (F/V) Native Sun pleaded guilty in federal court in Seattle for discharging oily-waste directly into the ocean in violation of the Act to Prevent Pollution from Ships (APPS) and the federal conspiracy statute.  


Alfa Laval Continues to Develop PureSOx

Alfa Laval Test & Training Center in Aalborg, Denmark (Photo: Alfa Laval)

Alfa Laval’s SOx scrubber platform PureSOx is available in multiple operating arrangements, two scrubber designs and a range of compliance profiles for meeting the 2020 global sulphur cap. Working closely with customers, Alfa Laval said it is pursuing improvements and options to make it even


Bulkcarrier Fleet Growth In Limbo?

Graph: Clarksons Research

 The pace of bulkcarrier fleet growth has fallen sharply since 2010, when the fleet grew by a record 17%, says a Clarksons Research report.   In 2016, the supply side response to difficult market conditions saw the bulker fleet grow at the slowest pace so far this century


Marshall Islands Registry is "Number Two"

The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 deadweight tons (DWT), making it the second largest registry in the world in terms of DWT. International Registries, Inc. and its affiliates (IRI) have provided administrative and technical support to the RMI Registry since


USS Lake Erie Assists Distressed Mariners

Photo: United States Navy

 Ticonderoga-class guided-missile cruiser USS Lake Erie (CG 70) provided assistance to 25 mariners in the early hours of March 19, after receiving a distress call from a civilian ship taking on water.   Lake Erie deployed a rescue and assistance team aboard its rigid hull inflatable


Ro-Ro Terminal in Assam to Boost Traffic

Image: Inland Waterways Authority of India

 The government of India said berthing operation of a vessel was carried out at the newly-constructed Roll-on Roll-off (Ro-Ro) terminal on the Brahmaputra in Assam.   The  Inland Waterways Authority of India (IWAI) vessel will be deployed for Ro-Ro (roll-on


Alternative Ferry Propulsion Systems: A Case Study

M/V Steilacoom II (Credit: Nichol Bros Boat Builders)

Is it Right for Your Operation? That Depends, says EBDG’s John Waterhouse.   Elliott Bay Design Group (EBDG) serves many ferry customers in North America. These clients read the trade publications and see various articles on new technologies such as hybrid propulsion






 
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