Marine link
 

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.


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


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


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


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

952 web.jpg

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


De Boer Remorquage SARL Orders Custom Tugs from Damen

Photo courtesy of Damen Shipyards

Baggerbedrijf De Boer B.V. (Dutch Dredging B.V.) has ordered two custom, special-purpose tugs to be built at Damen Shipyards Hardinxveld in the Netherlands through the subsidiairy De Boer Remorquage SARL. The tugs are for a 10-year contract with Grand Port Maritime de Guyane in the ports of


Cammell Laird Launches Claire House Charity Kite Boat

Photo: Cammell Laird

Merseyside shipyard and engineering company Cammell Laird held a special ceremony to launch a unique kite boat designed to raise funds for charity Claire House Children’s Hospice.   The ‘CL Challenger’ was designed by retired shipyard naval architect Bill Owen


Asbestos on Board

File photo: Workers clean the interior of a cargo hold aboard the LST-1166. (U.S. Coast Guard photo/Pacific Strike Team)

What happens when a solution to one or many obstacles ends up becoming an even larger problem? For seamen, one such problem is asbestos.    Asbestos is a natural fiber that was mined for use in construction and household products


Navionics charts in iNavX In-App Chart Store Available

Fugawi and Navionics make available Navionics charts in the iNavX In-App Chart Store Photo INAVX

iNavX, the benchmark marine navigation mobile application, announced today, in partnership with Fugawi and Navionics, the availability of Navionics charts in the iNavX In-App Chart Store. This is a first for the industry, and iNavX is the only independent marine navigation app to offer Navionics


Germany to Buy Six MKS Multi-Role Warships

Germany's Defence Ministry has decided to buy a total of six MKS-180 multi-role warships instead of four, as initially planned, a ministry spokesman said Monday, without providing a new cost estimate for the program. The ministry decided last October to delay a tender for four warships that was


Quality Assurance for Maritime Training

Photo: DNV GL

 Competence is a crucial factor in the shipping business. Through its SeaSkill certification services DNV GL helps owners and operators, maritime training providers and test centres to advance crew training and ensure the highest levels of safety on board.  


HHI Implements NAPA 3D Design Tool

Logo

Software and services provider NAPA has announced that Hyundai Heavy Industries (HHI) has implemented NAPA Steel’s 3D model-based ship structural design tool across its business. NAPA Steel provides an interactive 3D structural modelling interface


Navios Maritime sells MSC Cristina to Repay $100 mln Debt

Image:  Navios Maritime Partners L.P.

 In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt.    Proforma for these repayments, net debt/book capitalization for December 31, 2016, has decreased to 36.5%


Korea Shipping to Buy Up to 10 HMM Vessels

Photo: Hyundai Merchant Marine

The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by Hyundai Merchant Marine (HMM), and lease them back to the shipping firm, says a report in Yonhap.   “Korea Shipping will provide some 720 billion won  (USD 633


Wärtsilä, PGS ink Service Deal

Ramform Titan is one of the 8 seismic vessels under the service agreement between Wärtsilä and PGS. Photo Wartsila

Wärtsilä and PGS Geophysical AS have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment.   According to the agreement, Wärtsilä will take care of the maintenance of engines and


Hatteland Releases Next Generation ECDIS, Bridge Applications

Photo: Hatteland Display

Hatteland Display, a global provider of display and computer solutions for professional maritime use has expanded its next generation Series X Multi Vision Display (MVD) range with the addition of a new state-of-the-art, Ultra High Definition large format model for integration on maritime


Hatteland Display Unveils Large Format 4K Screen

New 32” Ultra High Definition model enables multi-application data to be viewed clearly from a single operator station Photo Hatteland Display

Hatteland Display, the leading global provider of display and computer solutions for professional maritime use has expanded its next generation Series X Multi Vision Display (MVD) range with the addition of a new state-of-the-art, Ultra High Definition large format model for integration on


FCI Debuts Compact, High Output Watermaker

Image: FCI Watermakers

Space is a precious commodity on any vessel, even a large one. Making its debut at the Miami International Boat Show, FCI Watermakers' new Atlas+APC is compact, yet produces 1,400-3,600 gallons of potable water per day and is fully automatic in its operation


Navy Handed Over Seychelles Ship Topaz After Refit

Topaz. Photo: Indian Navy

 Seychelles Coast Guard Patrol Ship (SCGPS) Topaz has completed her Medium Refit and has been handed over to Colonel Simone A Dine, Commander Seychelles Coast Guard by Rear Admiral Narayan Prasad, NM, Admiral Superintendent, Naval Dockyard, Visakhapatnam on 16 February 2017.   


First collaboration for Sydney City Marine and Damen

Sydney City Marine has completed its first maintenance docking of a Damen vessel since the signing ofa Memorandum of Understanding (MOU) with Damen Shipyards Group last year. The works signify the successful cooperation between Damen Services in the Netherlands






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright