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


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


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

ken_Wells pix colorweb.jpg

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


DNV GL Sees Hybrid Propulsion, Connectivity as Hot Trends

Tor E. Svensen, CEO DNV GL – Maritime. Photo: DNV GL

 Hybrid propulsion systems and connected ship solutions are emerging technologies that are gaining ground faster than expected, according to Tor E. Svensen, CEO DNV GL – Maritime, giving an update on the classification society's Shipping 2020 report.  


Norsepower’s Rotor Sail Solution Successfully Tested

Norsepower Rotor Sail Solution was installed on the 9,700 DWT Ro-Ro carrier MS Estraden

  Norsepower’s Rotor Sail technology confirms fuel-saving potential in two independent trials by NAPA and VTT Technical Research Centre of Finland Norsepower Oy Ltd. and Bore Ltd today carried out successful sea trial of Norsepower’s Rotor Sail Solution


Aquarius MAS + Solar Ready for Commercial Use

 Delos Solar Array

  As a result of the recent successful completion of sea trials on-board the high speed car and passenger ferry, Blue Star Delos, Eco Marine Power (EMP) has now cleared the Aquarius MAS + Solar and Aquarius Marine Solar Power solutions for commercial release.


Chevron Moving Platform to Sheltered Waters

The Big Foot Courtesy Chevron

  Chevron Corporation today advised that the Big Foot tension-leg platform (TLP) will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea installation tendons. The tendons were pre-installed in preparation for connection to the


India Okays Deal on Indo-Bangla Coastal Shipping

Photo:  Shipping Corporation of India.

 The Indian government has approved an agreement on coastal shipping between India and Bangladesh for cheaper cargo movements between them.     “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the agreement on coastal shipping between


Wartsila's 2nd Edition Encyclopedia Launch at Nor-Shipping

The Wärtsilä Encyclopedia of Ship Technology provides valuable insight for current and future maritime professionals.

  The second edition of Wartsila's Encyclopedia of Ship Technology is to be launched at the Nor-Shipping exhibition and conference being held in Oslo, Norway from June 2 to 5. The publication provides definitions to the current terminology used in the marine industry's technical vocabulary


DNV GL sees Hybrid Propulsion, Connectivity the Emerging Trends

Tor E. Svensen, CEO DNV GL – Maritime

  With 2020 in sight, DNV GL looked at the lessons to be learned from the update to the classification society’s “Shipping 2020” report which was published in 2012. Now, three years later, hybrid propulsion systems and connected ship solutions are emerging technologies that


High-tech Car Ferry Debuts: It’s Electric

IMG_1374 WEB.jpg

Norwegian Car Ferry Debuts World’s First All-Electric Propulsion System Norled Ampere, the world’s first all-electric car ferry, began service this year carrying up to 120 cars and 360 passengers across the 4.2-mile (6.8 km) Sognefjord channel that separates Norway’s villages of


Ferguson Group Singapore Expands Tank Fleet

Ferguson Group Singapore’s Simon de Koning inspects the yard  (Photo: Ferguson Group Singapore)

Ferguson Group Singapore, a global specialists in the provision of offshore DNV 2.7-1 / EN12079 containers, mud skips, reefers, workspace and accommodation solutions, has announced the expansion of their chemical tank fleet at OGA 2015. The tanks will be available throughout Malaysia and the


Nautisk Launches NaviTab

NaviTab

Nautisk unveiled its latest navigational solution: NaviTab from Nautisk, a unique concept that replaces a vessel’s onboard Navigational Publication library. Hundreds of books have been uploaded onto a hi-spec hand-held device, suitable for use both onshore and on the bridge


Damen Boosts Composite Focus

A composite Interceptor 1102 built at Damen Shipyards Antalya.

Coming off a year which saw the Damen Group record its highest ever order intake over a 12-month period, a production value of roughly $2.25b and 160 newbuild deliveries, the shipbuilder looks to expand in the composite vessel market.       


Shipping Company To Pay $800K For Dumping Oil

AML Ship Management GMBH, a German company, was sentenced in federal court today to pay a total of $800,000 in fines and community service payments for violating the Clean Water Act and the Act to Prevent Pollution from Ships by intentionally discharging 4


GE Gas Turbines for Japan’s New Destroyer

Image: GE

GE Marine will provide IHI, Tokyo, Japan, with two LM2500 aeroderivative marine gas turbines for the Japanese Maritime Self Defense Force’s (JMSDF) new 26DD destroyer.   “GE gas turbines already are part of numerous JMSDF ship classes, most recently the 22DDH


Hapag-Lloyd Orders 5 New Containerships

Due to the dimensions of the canal, shipping companies are only able to use ships with a maximum capacity of 4,900 TEU so far. (Photo Hapag-Lloyd)

When the expansion of the Panama Canal is complete, liner shipping companies will finally be able to use larger vessels. Hapag-Lloyd has therefore ordered five state-of-the-art ships.   Hapag-Lloyd has ordered five modern container ships from the South Korean shipbuilder Hyundai Samho Heavy


New Ballast Water Treatment Solutions from Damen

Damen LoFlo (Image: Damen)

Damen has launched two new ballast water treatment solutions onto the market, Damen LoFlo and Damen BalCon.   The new solutions are a response to the International Maritime Organization (IMO) Ballast Water Management Convention 2004, which is edging ever closer to ratification and the U.S






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