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.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Baltic Index Slips as Demand Falls

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.

SSL Expands into Finland for Höegh Autoliners

Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from December 1, 2015. SSL, which has worked with Höegh Autoliners

Coast Guard

USCG: Missing Cargo Ship El Faro Believed to Have Sunk

The U.S. Coast Guard now believes that the missing cargo ship El Faro sank after sailing into the path of Hurricane Joaquin in the Bahamas, a spokesman said on Monday.

Man Medevacs from Boxship Off Santa Rosa Island

The Coast Guard medically evacuated a 46-year-old man from a 738-foot container ship approximately 6 miles south of Santa Rosa Island, Sunday. At 10:01 a.

Debris Appears to Belong to Cargo Ship Missing in Bahamas

Search and rescue teams on Sunday located debris which appeared to belong to the cargo ship El Faro that went missing in the eye of Hurricane Joaquin with 33 mostly American crew members aboard,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1461 sec (7 req/sec)