Vigor, MHI Acquired and Merged
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia.The transaction, subject to customary closing conditions…
New Tank Cleaning Technology
Statoil has found a way to make tank cleaning on supply vessels safer and more effective. M-I SWACO developed a new solution, and was awarded a contract with Statoil that is valued at around $55.7 million. This is the first time that M-I SWACO has commercialized the technology. It is an automatic system, which means that personnel avoid having to enter the tanks to clean them. Wash water and soap are also recycled so that it is only the actual waste washed out of the tank that has to be delivered for further processing.
Statoil Invests $55M in Innovative Tank Cleaning Tech
Statoil has long been looking for a way to make tank cleaning on supply vessels safer and more effective, and at the same time reduce its environmental footprint. In a new technology just made commercial, it believes it has found a viable solution to one of the maritime industry's age-old problems: Tank Cleaning. M-I SWACO has developed a new technological solution and has now been awarded a contract with Statoil that is valued at around 55.7 million, including options. Statoil…
RYDLYME Marine Selects GoM Distributor
RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats, government vessels and drill ships operating in the region. RYDLYME Marine, a manufacturer of a line of safe, biodegradable and effective chemical cleaning solutions for descaling, degreasing and deodorizing, said R Carter & Associates has worked with its products in the past with great success. The company produces…
Chinese Shipyard Repairs Large Bulker on Time
The MV Handan Steel is an ore carrier belonging to an English company, size: LOA 330m Breadth 60m. The main engine repair involved the chemical cleaning of the heat exchanger, M/E air cooler x 2sets, main L/O cooler x 1set, and main & auxiliary atmosphere condenser repair. The deck work scope mainly included No.5 cargo hold bulkhead partial steel renewal, E/R main engine ventilation duct to be cropped and renewed, installation of the limit for aft D/E. The coating work included SA2 sandblasting for the bulkhead of five cargo holds from 16m high downwards with painting of two F/C, totally 14,630 m2, and the hull (16000m2) to be SA2 sandblasted with painting of two T/C, one F/C. The contracting time was 12 days.
NASSCO Wins $6.6m Navy Deal
National Steel and Shipping Co. San Diego, Calif., is being awarded a $6,604,248 cost-plus-award-fee modification under a previously awarded contract (N00024-06-C4402) for repairs and alterations during the Non-Docking Scheduled Availability of USS Rushmore (LSD-47). The contractor furnishes the material, supports (electrical, crane, and rigging) and facilities necessary for the maintenance and modernization of LSD/LPD Class ships. This availability includes the chemical cleaning of Distilling Plant Number One, hydraulic modification of the anchor windlass brake, stern gate repairs, testing/repair of the accommodation ladder winch, and deck covering replacement. Work will be performed in San Diego, Calif., and work is expected to be completed by Mar. 2008.
