Crucial Tool News

Norwegian owner and operator of offshore service vessels Golden Energy Offshore is deploying Inmarsat’s Fleet LTE service to meet the growing data requirements of modern offshore operations and support sustainability.Headquartered in Ålesund, Norway, Golden Energy Offshore owns and operates a fleet of offshore support vessels providing offshore services to the oil, gas, and renewables industries. The company is a long-term Inmarsat customer and also a longstanding user of the satellite communications specialist’s VSAT services.

Seagull Maritime announced that they have acquired a majority of the shares in Tero Marine. Tero Marine, headquartered in Bergen, Norway, has developed fleet management software for the shipping industry for more than three decades. The company’s flagship, TM Master, is recognized as one of the leading brands in the business. Today, TM Master is a crucial tool for shipowners all over the world, not only as an instrument for planned maintenance (and asset management), but also as a business intelligence resource.Tero Marine is growing fast and has currently more than 55 employees…

GE’s Marine Solutions reports that the world’s first Liquid Propane Gas (LPG)-fueled ferry design to use GE’s COmbined Gas turbine Electric and Steam (COGES) system has successfully completed Hazard Identification (HAZID) meetings. The consortium of Youngsung Global, DINTEC, Korea LPG Industry Association, GE’s Marine Solutions and Far East Ship Design & Engineering Co. (FESDEC) signed a multilateral memorandum of understanding in November 2016 to cooperate on this unique ferry design. “Bureau Veritas, a world-leading classification society with a large and recognized expertise and experience in gas fueled ships, chaired the HAZID meetings. All consortium members were represented as well as SK Gas and E1 who are members of the Korea LPG Industry Association.

Global energy and commodity price reporting agency Argus has launched a daily marine fuels pricing and analysis service, Argus Marine Fuels. It provides market data and intelligent analysis of the increasingly complex marine fuels market. Trade in marine fuels is changing quickly. Oil prices are high and volatile. New environmental regulations are forcing ships to burn more expensive low-sulfur fuels. Trading companies are entering the market as others abandon it. And with "bunkers" now accounting for up to 80pc of their operating expenses, shipowners and managers are taking a closer look at procurement costs. Argus Marine Fuels throws a much needed light on this rapidly changing market.

Argus Marine Fuels has launched a daily marine fuels pricing and analysis service. The new service provides unique market data and intelligent analysis of the increasingly complex marine fuels market. Trade in marine fuels is changing quickly. Oil prices are high and volatile. New environmental regulations are forcing ships to burn more expensive low-sulfur fuels. Trading companies are entering the market as others abandon it. And with "bunkers" now accounting for up to 80pc of their operating expenses, shipowners and managers are taking a closer look at procurement costs. Argus Marine Fuels throws a much needed light on this rapidly changing market.

Remember when you had your first job and you saw something that you really needed to have, let's say it was a car. You asked your parents' opinion about you purchasing it and I'm sure the first thing they wanted to know was what is the purchase price? Then they probably asked if you had thought about the additional costs such as insurance, maintenance and major repairs. But at this point, you were probably thinking of the improvements that you wanted to make to the car. Other concerns such as are you paying too much for the car may have come up. If it did, your response may have been that the price wasn't too high, but was your response based on emotion or did you really know?