Small-size Diesels in India – MHI Increases Stake in JV
Mitsubishi Heavy Industries, Ltd. (MHI) has increased its stake in MHI-VST Diesel Engines Pvt. Ltd. (MVDE), a small-size diesel engine manufacturing and marketing company jointly established with V.S.T. Tillers Tractors Ltd. (VTTL), a power tiller and tractor manufacturer in India. In response to growing recognition of the MHI brand in the Indian market, MHI, by increasing its capital stake in MVDE…
Safmarine Runs at Full Capacity as Rivals Slip
The entire industry had been affected by the euro zone troubles and the dampening of the US economy, and freight rates had been cut to “less than would have been paid in 1995”…
Top Engineering Employer – Tognum Wins Again
Tognum has picked up the accolade ‘Top Engineering Employer’ for the fourth time running. It also won the seal of quality ‘Top Employer in Germany’ for the third time. This year, a total of 34 companies in Germany were named the most attractive engineering employers, and a total of 118 qualified for the ‘Top Employer in Germany 2012’ category. As ‘Top Employer in Germany 2012’ and ‘Top Engineering Employer’…
Subsea Dispersant Fluid System Contract for Ocean Works International
OceanWorks International has been awarded a design, manufacturing and test contract to provide Marine Well Containment Company (MWCC) with a Subsea Dispersant Fluid System (SDFS).
Rolls Royce to Design, Power, Hi-tech Subsea Vessel
The versatile UT 737 CD vessel will support the most demanding subsea projects, including constructing and servicing oil and gas wells on the sea bed, up to 3,000 metres below sea level.
Oman Dry-dock Growth Prospects Good
Oman Dry-Dock Co (ODC), which owns and manages the Sultanate's newly operational ship repair yard at Duqm, has said it is eyeing annual revenues of around $200 million by the year 2020…
OSHA Settles Whistleblower Case
US Department of Labor's OSHA settles whistleblower case against New Orleans-based riverboat company; Agency found employee was illegally terminated under Seaman's Protection Act. The U.S.
Lloyd's Statutory Alert
Statutory Alert: MARPOL Annex VI – a reminder of the entry into effect of the North American ECA-SOx. Applicabilty: All shipowners and operators: The North American Emission Control Area for SOx and particulate matter (ECA-SOx) enters into effect on 1 August, 2012. From this date, the same requirements will apply as for the existing Baltic and North Sea ECA-SOx, including the requirements for recording data on entry and exit. 3. around certain parts of Hawaii.
FSL TRUST: Vessel Portfolio Positioned for Stability, Opportunity
SINGAPORE – FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, announced the financial results of FSL Trust for the quarter ended 31 March 2012. Revenue for 1QFY12 rose $2.2 million or 9.3% year-on-year to $26.1 million. The net increase in revenue was contributed by the full quarter lease revenue from the two vessels leased to TORM A/S which were acquired in June 2011, as well as higher freight income from the vessels trading in the spot market.
AVEVA: Two New Contracts in Russia
AVEVA (LSE:AVV), has won two contracts in Russia with SevZap NTC, a leading Russian EPC in the power industry and DO “Vympel”, a Marine design office based in Nizhny Novgorod.SevZap NTC has signed a license agreement to implement AVEVA Plant solutions. AVEVA technology will enable SevZap concurrent multi-location engineering for work on large scale capital plant projects. The development of its own…
Floatel Books into Gibdock
The Norwegian-owned offshore accommodation vessel, Edda Fides, one of the most advanced and sophisticated vessels of its type in the world, has been dry-docked at Gibdock in Gibraltar for a week-long package of work at the yard. The ‘floatel’, owned by Østensjø Rederi, arrived at Gibdock on April 2nd and was docked the following day. The main scope of work involved disconnecting and lowering the starboard aft Voith Thruster and renewing the main thruster seal.
Offshore Solutions: Success in Qatar
Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, has achieved more than 40,000 safe personnel transfers from a vessel to offshore platforms on its heave compensated Offshore Access System (OAS)*, currently working in The Gulf. The company has also recently secured two new contracts with major operators in Qatar for the safe transfer of personnel to and from offshore platforms, bringing the total of OAS units in the Middle East to three.
Becker Mewis Duct: The Largest Ever Built
Becker delivered an eight-meter-diameter version of its prime energy saver for VLCC Becker Marine Systems has delivered the largest Becker Mewis Duct ever made with a diameter of 8.10 m for the construction of Very Large Crude Oil Carriers (VLCC) at Hyundai Samho Heavy Industries for Samco Shipholding, Singapore. Initial sea trials of the new VLCC with a length of 319.0 m have proven once more the excellent rate of power savings provided by the Becker Mewis Duct.
"The Future of Our Oceans"
On April 23, 2012, Dr. Stephen M. Coan delivered remarks entitled “The Future of Our Ocean”, part of the Open VISIONS Forum Lecture Series and presented at the Regina A. Quick Center for the Arts, Fairfield University, Fairfield, Conn. Following is the text of his speech. Water sustains life on Earth, and the health of our oceans, lakes, rivers, streams and marshlands, which cover 70% of the planet’s surface, is critically important to global economic and human health.
MSC Accepts T-AKE Class Ship USNS Medgar Evers
Military Sealift Command accepted delivery of its newest dry cargo/ammunition ship, USNS Medgar Evers (T-AKE 13), during a short ceremony at the General Dynamics NASSCO Ship Yard San Diego. The ship, which was christened Nov. 12, 2011 in San Diego, honors slain civil rights leader Medgar Wiley Evers, who is remembered for his efforts to end segregation at the University of Mississippi in the 1950s and for his opposition to Jim Crow laws in the 1960s.
Moody's: Sale of Inland River Barge Ops is a "Credit Negative" for United Maritime
New York, April 24, 2012 -- Moody's issued a press release on the planned sale of United Maritime Group, LLC's ("UMG", B2 stable) inland river barge operation, United Barge Line…
Exhaust Gas Emissions – Impact on Cruise Industry
Limits set out by the Marine Environment Protection Committee will reduce the maximum levels of sulphur in marine fuels to 0.1% and will come in to force in 2015.
Cape Town Venue for Recent ICOMIA Congress
After registration, delegates were taken on industry site visits to view rig designers, Southern Spars; large sailing-yacht builders, Southern Wind Shipyard, and…
Passenger Ship Safety Consultation Launched by EU
A 12-week public consultation to review passenger ship safety has been launched by the European Commission. The proposals are based on more than two years of intensive…
Cummins Expands Indiana Facility, Creates Jobs
Cummins Inc. has announceda significant expansion of its Seymour campus that includes investing $219million in new construction and the addition of 290 jobs to support…