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Tmt News

05 Sep 2023

MSC's New 24,000 TEU Containership Named in Italy

(Photo: MSC)

Mediterranean Shipping Company (MSC) on Monday held a naming ceremony for its new ultra large containership MSC Nicola Mastro in Intaly's Port of Trieste.The 400-meter-long 24,116 TEU newbuild was built by China State Shipbuilding Corporation's Jiangnan Shipyard as part of MSC's new record-breaking Celestino Maresca class, among the world's largest containerships. "At MSC, we continue to modernize our fleet and are investing in the most fuel-efficient vessels by design. The MSC Nicola Mastro is one of those vessels…

20 May 2019

Sapura Bags Five Contracts

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services," said a press release.The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance.

26 Jul 2018

DNV GL, TMT Sign Deal on Rotor Blades

DNV GL, the world’s largest resource of independent energy experts and certification body, has signed a comprehensive framework agreement with leading Chinese wind turbine blade manufacturer Zhuzhou Times New Material Technology (TMT).The deal covers a range of certification and design assessment services to ensure the quality of TMT’s new rotor blade products, and also gives the manufacturer access to the latest innovations through DNV GL’s Joint Industry Projects (JIPs).The growth of affordable wind power requires the development of larger and more efficient turbine rotor blades. Blade manufacturers are continually working to deliver these innovative new rotors to reduce the Levelized Cost of Energy…

12 Jan 2017

Insurance Gaps Leave Shipping Exposed to Cyber Attacks

Ships exposed through GPS systems, have limited back-up; cyber insurance typically doesn't cover jamming, property damage. Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalisation means electricity networks, emergency services, industry and agriculture are all vulnerable to hacking by criminal gangs for extortion or, for political reasons, by militant groups or foreign states. But ships are also exposed to interference through electronic navigation devices such as the Global Positioning System (GPS) and lack the backup systems airliners have to prevent crashes.

21 Jul 2016

Trieste Terminal Selects N4 TOS

Trieste Marine Terminal (Photo: TMT)

Navis has announced a new N4 terminal operating system (TOS) licensing agreement with Italian terminal, Trieste Marine Terminal (TMT). TMT selected the Navis TOS to optimize the terminal’s operational cycle and lower costs. The ultimate goal is to increase TMT’s efficiencies so customers can experience improved productivity. Trieste Marine Terminal located in Trieste, Italy is the only specialized container terminal, providing unique services for container traffic that moves through the North Adriatic Sea.

07 Aug 2015

Brazil Prosecutors: Charges Pending over Ensco Drillship Lease

Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday statement presenting corruption charges stemming from the 2009 lease of another drillship, Vantage Drilling's Titanium Explorer Rig. In the Vantage case, prosecutors formally charged six people, including Petrobras' former international-unit chief Jorge Zelada. Petroleo Brasileiro SA, or Petrobras, chartered the DS-5 in 2008, when it was owned by Pride International, a company London-based Ensco purchased in 2011.

20 Apr 2015

Stena Bulk Charters Out LNG Carrier

Photo courtesy of Stena Bulk

Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the charter is up to three years with a possible further extension as a goal. The contract was signed at current market freight rates. The tanker will sail between Australia and Japan as well as other countries in the Far East. The North West Shelf Project is Australia’s largest oil and gas development and has delivered more than 4,000 LNG cargoes to customers predominantly in the Asia Pacific region since 1989.

11 Nov 2014

UK Detains 6 Foreign Flagged Ships in October

The Maritime and Coastguard Agency (MCA) announced that six foreign flagged ships were under detention in UK ports during October 2014 after failing Port State Control (PSC) inspection. During October, there were three new detentions of foreign flagged vessels in a UK port. Three vessels remained under detention from previous months, and four vessels were released during October. A total of two vessels remain under detention at the end of October.

21 Aug 2014

TMT CEO Files $100m IP Suit Over Vessel Sale

Hsin-Chi Su, Chairman and CEO of Today Makes Tomorrow Group (TMT) launched a suit in Texas federal court on July 28, 2014, alleging that a planned bankruptcy sale of three company ships, including M.V.D Whale, M.V.G Whale and M.V.H Whale, to Mega International Commercial Bank Co. Ltd. (Mega Bank) will strip him of intellectual property worth more than $100 million for each ship. According to Ken Liang's deposition at the court, Mega Bank is the agent for vulture fund Oaktree Capital Group. U.S.

11 Jun 2014

Ten Ships Detained in the UK in May

The Maritime and Coastguard Agency (MCA) announced that ten foreign flagged ships were under detention in UK ports during May 2014 after failing Port State Control (PSC) inspection. During May, there were four new detentions of foreign flagged vessels in UK ports. Six vessels remained under detention from previous months. Five vessels were released during May. A total of five vessels remain under detention at the end of May. 1. In response to one of the recommendations of Lord Donaldson's Inquiry into the prevention of pollution from merchant shipping and in compliance with the EU Directive on Port State Control (2009/16/EC as amended), the Maritime and Coastguard agency (MCA) publishes details of the foreign flagged vessels detained in UK ports each month.

17 Mar 2014

Nine Ships Detained in the UK During February

The U.K. Maritime and Coastguard Agency (MCA) announced that nine foreign flagged ships were under detention in U.K. ports during February 2014 after failing Port State Control (PSC) inspection. During February, there were four new detentions of foreign flagged vessels in U.K. ports, while five vessels remained under detention from previous months. Three of the detained vessels were released during February, leaving six vessels under detention at the end of the month.

18 Feb 2014

UK Detains 7 Foreign Flag Ships for Deficiencies

The Maritime and Coastguard Agency (MCA) said that seven flagged ships were under detention in UK ports during January 2014 after failing Port State Control (PSC) inspection. Latest monthly figures show that there were two new detentions of foreign flagged vessels in UK ports and five vessels remained under detention from previous months. Only six vessels remain under detention at the end of this month.

18 Nov 2013

Mickey Mouse Bulk Carrier 'Donald Duckling' Detained in UK Port

Photo courtesy of TMT

The 'Donald Duckling' was detained by the UK's Maritime & Coastguard Agency (MCA) this week after an inspection revealed a long list of safety concerns, and will not be allowed to leave the Port of Tyne until mechanical and safety issues are resolved, reports the 'Shields Gazette'. Maritime inspectors cited by the 'Shields Gazette' considered that standards on board the Donald Duckling were some of the worst they had ever encountered. Crew members on the Panamanian-registered…

25 Jun 2013

Creditors to Pursue ARA Vessel Arrests as Bankruptcies Escalate

Rotterdam-based law firm AKD says that creditors of ailing shipping groups such as STX Pan Ocean of South Korea, and TMT of Taiwan, could seek to take advantage of prevailing bankruptcy laws to enforce vessel arrests and other attachments in the Amsterdam-Rotterdam-Antwerp (ARA) region. Haco van der Houven van Oordt, a partner with the shipping and offshore team at AKD in Rotterdam, said, “The recent reports of bankruptcies and voluntary liquidation proceedings involving shipping companies have now reached levels which exceed any in recent memory. STX Pan Ocean, South Korea’s largest dry bulk operator, has reportedly obtained bankruptcy…

05 Jun 2013

Recent Ship Sales

Shipping Intelligence, Inc. prepared a list of recent vessel sales as of June 1, 2013.

19 Aug 2012

Korean Shipbuilders' Unsold Newbuilds

Korea's leading shipbuilders post declining profits in second quarter 2012, as well as a growing inventory of unsold vessels. Shipbuilders here have put unsold ships up for resale at below-market prices but are struggling to get them off the hands, reports the 'Korea Times'. In June, DSME said it was scrambling to find takers for two 320,100 deadweight tonnage (DWT) crude carriers, after Taiwan’s Today Makes Tomorrow (TMT) withdrew the orders for the ships it made for in 2007. STX Offshore and Shipbuilding has recently put up for resale three 57,000-DWT bulk carriers as Greece-based shipping company Trojan Maritime gave up its ownership prior to delivery. Each ship is up for grabs at $25 million, down 40 percent from its initial price of $40 million, according to STX.

15 Jul 2012

Watermakers for Newbuild Drillships Ordered from Hatenboer-Water BV

Demitec® is the trade name of Hatenboer-Water RO type watermakers. These are heavy duty installations specially designed for 24/7 operation in maritime and offshore applications. These drillships, currently under construction, will be able to drill to a water depth of 12,000 ft (3 km) and are on order from DSME by Vantage Energy, Atwood Oceanics and two for Aker Solutions. The watermakers work on the principle of reverse osmosis (RO) and have a capacity of 50 m3 per day. Drilling at great depths demands an extremely high quality of product water. The installations can supply water with a purity of only 10 ppm TDS. To obtain such a standard, the installation is in a two-stage configuration, with two RO installations in-line.

05 Jun 2012

Korean Shipbuilders in Troubled Waters

According to a report by Park Si-soo in the 'Korea Times', Korean shipbuilders are caught between a rock and a hard place. The prolonged global economic downturn has ship owners killing orders or requesting a postponement on deliveries as they struggle to cope with the financial squeeze. This has Korea’s once-mighty shipbuilding industry down on all fours. Shipbuilders say they are struggling to cope with a growing inventory of unsold ships, which they put up for resale at below market prices but still struggle to get off their hands. This desperate measures trigger a vicious cycle where potential buyers demand  even lower prices for their ships, industry sources say.

01 May 2012

RigNet to Present at Jefferies 2012 Global TMT Conference

RigNet, Inc. has announced that Mark Slaughter, Chief Executive Officer and President, will present at the Jefferies 2012 Global TMT Conference in New York on Wednesday, May 9, 2012, at 8:00 a.m. EDT. RigNet is a leading provider of managed remote communications, networks and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry.

23 Feb 2012

Ampol Completes Oil Recovery Equipment Testing

The OHMSETT facility in Leonardo, NJ.

Oil Stop Division of American Pollution Control Corp. (AMPOL) completed phase two of its contract with the US Coast Guard Research and Development Center for the testing of Submerged Oil Recovery Equipment. The contract was completed in November after successfully executing a variety of tests at the OHMSETT facility in Leonardo, New Jersey. The OHMSETT facility allows industry professionals to work with real oil in simulated environments. As a result of testing, adaptations were made to AMPOL’s Oil Stop Bottom Oil Recovery System (OSBORS).

15 Mar 2011

AMPOL Wins Coast Guard Contract

NEW IBERIA, La. (March 14, 2011) – The Oil Stop Division of the American Pollution Control Corp. (AMPOL), the industry leader in oil spill response and total environmental solutions, has been granted a Phase 2 contract for development and testing of its OSBORS (Oil Stop Bottom Oil Recovery System) submerged oil recovery system by the United States Coast Guard Research and Development Branch. “Working with the United States Coast Guard Research and Development Branch is a great honor,” said CEO Kirk Headley.

01 Feb 2011

Liberian-Flag Fleet Doubles in 10 Years

The Liberian-flag fleet posted record growth figures in 2010 and has now doubled in size in the ten years since the management of the Liberian Registry was assumed by the US-based Liberian International Ship & Corporate Registry (LISCR). The Liberian-flag fleet was boosted by 586 new registrations last year. Of these, 149 were newbuildings. Net growth was 338 vessels, aggregating 13.6m gt. The average age of the 586 new registrations was 5.46 years, compared to the 17.32 average age of those vessels removed from the registry. The average age of the Liberian-flag fleet is now just 12 years. Scott Bergeron, Chief Operating officer of LISCR, says, “The phenomenal growth under LISCR management is testament to the quality of service and responsiveness provided by the Liberian Registry.

09 Jul 2010

Aker Solutions Wins Riser Deal

Aker Solutions won a contract to supply a further 2,500 feet riser extension to the Dragonquest (formerly Titanium Explorer) rig, which is owned by Valenica Drilling and managed by Vantage Drilling Company. The order comes in addition to the original delivery of a 7,500 feet drilling riser system. The riser joints will be produced by Aker Solutions and delivered to the client in the summer of 2011. Valenica Drilling is a subsidiary of TMT, which has chartered Vantage Drilling Company to manage the Dragonquest rig.