TRIYARDS Reports Strong 4QFY15
TRIYARDS Holdings Limited (TRIYARDS or the Group) reported a strong finish for the financial year ended 31 August 2015 (FY15) with a 59% year-on-year jump in net attributable profit (PATMI) to US$8.4 million in the fourth quarter, driven mainly by liftboat construction. Work done on liftboats as well as contributions from aluminium shipbuilder Strategic Marine also lifted Group revenue by 81% to US$88.4 million.
EIB Antes €165 Mln for Amsterdam Sea Lock
The European Investment Bank (EIB) has agreed to provide EUR 165 million (187.5m) to support the construction of a new sea lock at IJmuiden, the principal access to the Dutch Port of Amsterdam. The current Noordersluis lock was built in 1929 and the new larger lock will ensure that the next generation of bulk carriers, container ships and cruise ships can continue to access the Port of Amsterdam and the North Sea Canal, and is expected to reduce waiting time for ships.
Brian Armour Joins Braemar
Braemar (incorporating The Salvage Association) has appointed Brian Armour as Senior Maritime Civil Engineer within its Ports & Harbours division. Brian will be based in the Singapore office and has many years’ experience in the design, analysis and construction of jetties and port structures in Australia and Asia. He will focus on providing advice on dock damage cases, and on berth safety disputes, on behalf of P&I Clubs, insurers and marine solicitors.
Hiab launches VSL PLUS for Crane Stability
Hiab, part of Cargotec, will officially launch a new stability feature for its heavy crane range, VSL PLUS, at the Bedrijfsauto RAI 2015 exhibition in Amsterdam, The Netherlands. Variable Stability Limit PLUS (VSL PLUS) is a revolutionary safety system that automatically regulates crane capacity in relation to the actual stability of the vehicle whilst it is working, by sensing the position of each stabiliser leg, and whether there is a load on the truck.
APM Terminals Izmir Set for Opening
With the delivery of five Rubber-Tire Gantry Cranes (RTGs) and two Ship-to-Shore (STS) gantry cranes capable of handling Ultra-Large Containerships (ULCS) of up to 16,000 TEU capacity, the new 1.3 million TEU deep-water APM Terminals Izmir facility is nearing completion in anticipation of beginning commercial operations in early 2016. One more STS crane and five additional RTGs are scheduled to arrive in December…
Heavylift Vessel Brings 22 Damen Vessels to Rotterdam
BigLift Shipping’s heavy-lift vessel Happy Star arrived in the Port of Rotterdam bringing with her Damen’s largest transportation of stock vessels to date; a total of 22 vessels. Included in the Damen transport are two Fast Crew Suppliers 2610, one ASD Tug 2310, three ASD Tugs 2411 and three ASD Tugs 3212, all of which have been sold and will be delivered to clients upon arrival. Additionally, there are a number of completed vessels available for sale.
Imtech Marine Acquisition Finalized by Pon, Parcom
The acquisition of Imtech Marine by Pon Holdings and Parcom Capital has been finalized. The European Commission has approved the takeover of the leading maritime service provider.
Ship Engine Claims add to Volkswagen's Woes
Skaugen seeks about $50 mln from VW marine unit MAN; says MAN sold engines that underestimated fuel use. MAN also has counter-claims against Skaugen. Norwegian shipowner I.M.
DNV GL Releases Cargo Liquefaction Guidelines
DNV GL has published a guideline for the design and operation of vessels with bulk cargo that may liquefy. The guideline aims to raise the awareness of the risks of liquefaction and describes mitigating actions to reduce these risks. Many common bulk cargoes, such as iron ore fines, nickel ore and various mineral concentrates, have the potential to transform into an almost fluid state, threatening the stability of the vessel.
Wilhelmsen Upgrades Maritime Protection Nitrogen System
Wilhelmsen Technical Solutions has re-introduced the Maritime Protection nitrogen inert gas system with significant functionality improvements designed to provide…
Navig8 Expands Chemical Tanker Fleet
Navig8 Chemical Tankers has announced that it has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding Co., Ltd. in Korea ("STX"). The company also announced that it has secured options to purchase six additional sister vessels from STX. The vessels will be built to the same technical specifications as the Company's preexisting orders with STX…
USCG Clarifies Safety Exams Protocol for CFV's
The Coast Guard published Marine Safety Information Bulletin, or MSIB, 12-15 to provide clarification about the five-year mandatory dockside safety exam that applies…
Front Street Shipyard Partners with Norwegian Ferry Builder
Front Street Shipyard in Belfast, Maine, is partnering with Brødrene Aa in Hyen, Norway, to market, sell and build carbon fiber ferries throughout the United States under the new company name Arcadia Alliance. Working in conjunction with Maine Composites Alliance and Martin Grimnes, a Norwegian composites expert living in Maine, Arcadia Alliance is marketing its highly efficient ferries to state and federal agencies seeking to replace aging, inefficient passenger vessels.
Saudi Shipper Bahri Seeks $747 mln for Vessel Financing
National Shipping Company of Saudi Arabia (Bahri) is in talks with banks to raise around 2.8 billion riyals ($747 million) from a long-term loan to be used towards vessel financing, two sources aware of the matter said on Wednesday. Bahri became the sole provider of very large crude carrier (VLCC) oil shipping services to Saudi Aramco after it purchased the marine unit of the oil giant in a deal first announced in 2012 and completed last year.
VOOPS: Venice Offshore Onshore Port System
The New York Times once called Venice “undoubtedly the most beautiful city built by man.” But as beautiful as Venice might be, it is still a port city struggling to compete in a global economy, and beauty doesn’t attract Ultra Large Container Vessels (UCLV). Port of Venice authorities hope that its ambitious new offshore-onshore port project might do just that. The Venice Offshore Onshore Port System (VOOPS) was born out of necessity.
FPSO Guide to Life Extension
There are new-builds, and there are conversions. In lean times, there’s also “life-extension” for FPSOs increasingly seen as the best hope of developing oilfields too pricy as platform projects. Life extension is about making first-time money, cutting costs or continuing to earn when a field or floater enters a new stage. It’s also about safety. Life extension involves major, multiyear considerations for operators and FPSO contractors…
NOAA Orders Research RHIB from Willard
Willard Marine, Inc.was awarded a contract by the National Oceanic Atmospheric Administration (NOAA) to produce a 20’08” rigid hull inflatable boat for the Pacific Island Fisheries Science Center (PIFSC) to facilitate their fisheries and marine mammal research in the Pacific region. Willard Marine will provide a slightly modified version of their SEA FORCE 730, a military-grade, aluminum, rigid hull…
Company Profile: Offshore Inland
With Offshore Inland Marine & Oilfield Services Inc (OIMO), a leader in topside and riding crew repair services, experiencing strong growth before the drilling market softened, the company knew its days in Mobile, Ala., were numbered, as it had outgrown its five acre facility and fabrication shop. But it didn’t have to go far, earlier this year moving 60 miles east to Pensacola, FL, finding the backing of a strong maritime community with a wealth of technical talent…
Portugal: Searching for Lost Maritime Glory
Although a small nation on the Atlantic shores, Portugal in the 16th century was credited with discovering most of the “New World” previously unknown to Europe. In the process it became the richest nation in the West. The names of Bartolomeu Dias (Africa), Vasco da Gama (India) and Fernão de Magalhães – Magellan, who led the first circumnavigation of the globe but was killed in the attempt – echo down the centuries.
The Sustainable Ocean Summit set for Singapore
“Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical measure of their commitment to the triple bottom line – people, planet and profit. Stakeholders expect companies to develop sustainability and corporate responsibility…