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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


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


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


"We Need to Talk About the Jones Act ..."

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This is an open letter to the offshore oil and gas industry operating on the outer continental shelf. Dear Customer: We need to talk about the Jones Act and the other cabotage laws that require you to use U.S.-flag vessels to transport cargo and people from one part of to another.  You already know that, as the association that represents the owners and operators of flag workboats, we are willing to fight to protect the Jones Act


Wind Power Seen Surging as Custom Barges Cut Cost

Offshore wind-power producers from Dong Energy A/S to RWE AG are building custom ships at record rates to reduce the cost of the technology which is  three times as pricey as electricity from coal plants. As many as 20 vessels, some with movable legs which reach the seafloor, will come onto the market in the next few years, reducing chartering costs of as much as 200,000 euros ($261,000) a day, said Marc Seidel, an offshore engineer at Suzlon Energy Ltd


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


Landmark STS LNG Transfer Achieved

Image: STS LNG Transfer (courtesy Exelerate Energy)

Excelerate Energy Performs 700th Ship-to-Ship Transfer of LNG.   Excelerate Energy L.P. (Excelerate) completed its 700th commercial Ship-to-Ship (STS) transfer of LNG on January 7, 2015 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy's regasification vessel, EXEMPLAR and the conventional LNG carrier CADIZ KNUTSEN, 73,778 cubic meters of LNG were transferred using the double-banked LNG transfer system


Icebreakers Ordered for Neft’s Novy Port Project

Image: Aker Arctic

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two new icebreakers based on Aker ARC 130 A design. The icebreakers will be used in the oil terminal operated by LLC


New Milling Disc from IN.MOTION

Photo: IN.MOTION

IN.MOTION Technology Distribution, LLC, announced the launch of a new milling disc designed for fast, efficient beveling, weld preparation and weld repair. According to the manufacturer, these new discs offer a higher material removal rate than any conventional abrasive


Vigor’s Tacoma Yard Delivers Breasting Barges to Foss

Photo courtesy of Vigor Industrial

Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges   Fabrication teams at Vigor Industrial’s Tacoma, Wash. shipyard have delivered three 60’ x 24’ x 15.5’ breasting barges to Foss Maritime


'Make in India’ - the Newbuzzword in Indian Shipping Sector

Pic:  Shipping Corporation

 The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport


New Fuel Management System Launched

Photo: Royston

Diesel power engineering specialist Royston has introduced a next generation version of its Enginei fuel management system.   According to the developer, the new integrated system, with a range of enhanced fuel data analysis and reporting options


Shell Ready for ECA Challenges

Photo: Shell

Since the implementation of Emission Control Areas (ECAs) on January 1, 2015, ships entering waters in the Baltic Sea; the North Sea; the North American ECA, including most of the U.S. and Canadian coast, as well as the French overseas collectivities of St. Pierre and Miquelon; and the U.S


ADMIRALTY e-NPs - NMs in Seconds

Image: ADMIRALTY

e-NPs are official ADMIRALTY Nautical Publications in a convenient electronic format. Easy to use and update, theyaim to  bring improved efficiency, accuracy and access to information bridge crews need.   e-NPs offer weekly notices to mariners added in seconds


Bollinger Delivers FRC Richard Dixon

Photo: Bollinger

Bollinger Shipyards LLC has delivered the Richard Dixon, the 13th Fast Response Cutter (FRC) to the United States Coast Guard (USCG).   The announcement was made by Bollinger’s President & C.E.O., Ben Bordelon. “We are very pleased to announce the delivery of the latest FRC


Submarine Sighted near Stockholm was Civilian Boat

Map by MIT Alumni Travel Program

 The unknown foreign vessel the Swedish Navy searched for near Stockholm last autumn was actually a “workboat,” Sweden's Armed Forces have now said.   The story of the suspected submarine spotted in the Stockholm archipelago a week after Sweden's extensive hunt for Russian


Fugro Expertise for Wind Farm Developers in Netherlands

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  Fugro has been contracted by the Netherlands Enterprise Agency, part of the Ministry of Economic Affairs, to execute the geotechnical site investigation and geological modelling of sites I and II of the future Borssele wind farm park


DP System Donated to NTNU Research Vessel

Photo courtesy of Kongsberg

Kongsberg Maritime has donated and installed a K-Pos Dynamic Positioning System aboard the Norwegian University of Science and Technology (NTNU) owned R/V Gunnerus research vessel. The donation and KONGSBERG’s continued support of the University was recognized at a VIP ceremony at the NTNU


China Constructing Sea Outposts, US Warns

South China Sea claims. Map by Murphy on Piracy

 The U.S. military commander for Asia warned that, China could eventually deploy radar and missile systems on outposts it is building in the South China Sea that could be used to enforce an exclusion zone over the disputed territory, according to a report in Reuters.  


OSK-ShipTech Acquires Jørgen Petersen

OSK-ShipTech A/S has acquired consulting naval architects A/S Jørgen Petersen who has more than 40 years of experience in ship design and consulting in the marine industry. The acquisition took effect April 1, 2015.   Citing strong business development within passenger vessels in


Dual Accreditation for VSTEP DP Simulators

Photo: VSTEP

In a timespan of one month, three types of VSTEP Dynamic Positioning Simulators have been officially certified and accredited by the Nautical Institute and Det Norske Veritas (DNV-GL) certification bodies. The accreditation means the new NAUTIS Dynamic Positioning simulators from VSTEP are fully


'Amazingly Intact' WWII-era Aircraft Carrier Surveyed

Features on a photo of USS Independence CVL 22 are captured in a 3D low-resolution sonar image of the shipwreck in Monterey Bay National Marine Sanctuary. The Coda Octopus Echoscope 3D sonar, integrated on the Boeing AUV Echo Ranger, imaged the shipwreck during the first maritime archaeological survey. The sonar image with oranges color tones (lower) shows an outline of a possible airplane in the forward aircraft elevator hatch opening. (Credit: NOAA, Boeing, and Coda Octopus)

NOAA, working with private industry partners and the U.S. Navy, has confirmed the location and condition of the USS Independence, the lead ship of its class of light aircraft carriers that were critical during the American naval offensive in the Pacific during World War II.  






 
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