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

Contracts

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Coast Guard

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

DHS, Postal Service to Dedicate USCG Forever Stamp

U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters.

Three Rescued on Lake Tahoe

The Coast Guard and multiple agencies rescued three people Wednesday evening after they were reported missing on Lake Tahoe. At 9:45 p.m., Coast Guard Sector

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1308 sec (8 req/sec)