Rutter Wins VDR Contracts

Tuesday, June 20, 2006
Rutter Technologies has won contracts to supply its Voyage Data Recorder (VDR) to the Norwegian Kristian Gerhard Jebsen (KGJS) fleet and to the Greek shipping group comprised of Kristen Navigation Inc., Anangel Maritime Services Inc, Alpha Tankers & Freighters International Ltd. Under two separate contracts KGJS will order 24 VDRs and the Greek fleet owners 56, for a total of 80 units.

The VDR Market - International Maritime Organization (IMO) regulations require certain classes of vessels to carry a voyage data recorder and Rutter estimates that there are 1,500 such vessels being built each year. Additionally, the IMO is requiring existing cargo vessels greater than 3,000 GT and travelling in international waters to be retrofitted with a VDR by 2010. We believe that this impacts between 13,000 and 15,000 cargo vessels worldwide and that the overall market through 2010 exceeds $1 billion.


Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Coast Guard

Caribbean Fantasy Fire Extinguished

A fire that broke out aboard the passenger vessel Caribbean Fantasy at 7:42 a.m. on August 17 has been extinguished, and the vessel has been moored safely in port.

Coast Guard Foundation Awarded 128 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Indian Cargo Ship Sinks Off Oman

An Indian cargo ship loaded with vehicles and food supplies destined for Yemen sank on Saturday off the coast of Oman but without loss of life, Oman’s ONA state news agency reported.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0611 sec (16 req/sec)