Meyer Turku Reports Larger 2016 Profit
Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a “good and economically sustainable path” since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.
Norsafe Lifeboat Systems Ordered for Njord A Platform
Norsafe has received orders from Kværner relating to the delivery of new lifeboat systems to Statoil’s Njord A platform. Norsafe will supply three lifeboat systems of its largest freefall lifeboat, the GES 52, with compatible davits. The lifeboat systems are built according to SOLAS and DNV-OS-E406, and although the products were developed just a few years ago, they have already been delivered to many installations worldwide.
NRC Wins Marine HAZMAT Response Contract
NRC announced that it has been awarded a multi-year contract with a major chemicalcompany for global 24/7 emergency response services in the event of a Hazardous…
Navios Partners Acquires Capesize Vessel
Navios Maritime Partners L.P., an international owner and operator of dry bulk and container vessels, said it has agreed to acquire one 2009 Japanese-built Capesize vessel of 180…
New Portable Magnetic Drill from Hougen
Hougen Manufacturing, Inc has released a new portable magnetic drill, the HMD918. This new model offers an upgrade to the depth of cut in the line of Hougen magnetic drills. The HMD918 has a high torque motor and extended six inch drilling depth to give metal fabricators more options to drill deep holes in steel whether it is a solid piece of material or multiple stacked plates. The HMD918 includes a pressurized coolant bottle and system.
Baltic Index Dips on Panamax, Smaller Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as gains in capesize rates failed to offset lower rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, declined 10 points, or 1 percent, to 994 points. The panamax index slipped for the twelfth straight session, losing 25 points, or 2.4 percent, to end at 1,023 points.
De Nora Unveils New Omnipure Series
De Nora, a manufacturer of electrolyzers, electrodes, coatings, electrochemical and water treatment technologies, has announced the debut of the all new OMNIPURE Series 64 sewage treatment systems.
ENGIE, AES to Expand LNG Partnership to Central America
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint…
Crude Oil Tanker Demolition Bucking the Trend -BIMCO
Four very large crude carriers (VLCC) have been sold for demolition since October 2016, matching the number of VLCCs sold for demolition in the preceding two years, according to BIMCO. Most recently the 1999-built double-hull VLCC with the framing name Good News returned $15.5 million to the ship owner, as demolition prices have reached levels not seen since first half of 2015 ($400 per ltd). “January struck an upbeat tone for demolition in all sectors…
Norwegian, Alibaba Partner in Chinese Cruise Market
Norwegian Cruise Line Holdings Ltd. said it has partnered with online and mobile commerce company Alibaba Group for its entry into the Chinese cruise shipping market. Alibaba operates the world’s largest online and mobile marketplaces, offering a wide range of products and services to its nearly half billion monthly active users. In China, people live, work and play on Alibaba, buying local and overseas products…
The Icebergs Are Coming: Shipping in the North Atlantic
At present, several icebergs are drifting out of the Arctic Ocean and into the North Atlantic. This natural phenomenon occurs each year in the period roughly stretching between April and August. During this season, these massive chunks of ice cross the major shipping routes on the North Atlantic. But German container carrier Hapag-Lloyd is prepared for them, as the company’s captains keep their vessels south of the drift ice limit so as to avoid any dangerous collisions.
GRSE to Build MTU Engines in India
agreement between Rolls Royce and Garden Reach Shipbuilders & Engineers Ltd. (GRSE) will see final assembly of MTU Series 4000 engines in India. Under the terms of the deal, the 12V and 16V 4000 M90 type engines will be assembled in GRSE’s Diesel Engine Plant in Ranchi, while an option for the future local production of parts was also agreed upon. The agreement includes the transfer of MTU technology related to assembly, testing and painting.
China Transfers Three Pirates to Somali Authorities
A Chinese navy ship handed over three suspected pirates to Somali authorities on Friday, police said, underscoring the determination of international naval forces to stamp out a resurgence of piracy this year. The pirates were involved in the attempted hijacking in April of the OS35, a Tuvalu-flagged cargo ship that was rescued by the Chinese navy after the crew sent a distress call. "A Chinese navy ship handed over three pirates to Puntland today…
France Awards Contract for Frigates Renovation
On May 2, 2017, the French Directorate-General for Armaments (DGA) awarded a contract to renovate three of the five La Fayette-class Frigates (FLF) currently in service with the French Navy to DCNS. Nathalie Smirnov, Head of Services at DCNS, declared, “DCNS thanks the Direction Générale de l'Armement (DGA) for its confidence and welcomes this notification related to the platform and combat system modernization of the La Fayette class frigates.
FDR’s Yacht Plies the Waters of San Francisco Bay
President Franklin D. Roosevelt’s presidential yacht, Potomac, is once again plying the waters of San Francisco Bay after undergoing a maintenance drydocking at Bay Ship and Yacht in Alameda, Calif. Long known as the “Floating White House,” she served as the presidential yacht until his death in 1945. She has a storied past from her start as a Presidential yacht to the King’s yacht (Elvis Presley) and several other lives in-between.
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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below.
ECO Affiliates Ink 5-Year Deal with Shell for IMR Vessel
Two affiliates of Louisiana-based Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel. According to ECO, the agreement includes a varied list of projects featuring vessel services from ECO affiliate Bram Offshore, and ROV and survey services from C-Innovation.
CFD Simulation of a Fully Featured Offshore Platform Model
CFD simulations of offshore oil and gas platforms are used to predict the maximum wind loads acting on the structure of the platform topsides (the upper half of the platform, above sea level and outside the splash zone, including the oil production plant, the accommodation block and any drilling equipment). The wind loads are used as waves and current loads to design the mooring of the structure, and can be significant in specific ocean areas.
VDVMS Equips New TSHD Magdalen
A new Jones Act trailing suction hopper dredger (TSHD) Magdalen, recently launched at Eastern Shipbuilding Group’s (ESG) Allanton facility in Panama City, Fla., is expected to be handed over to its owner, U.S. dredging contractor Weeks Marine, before the end of 2017. This modern TSHD has a length of 108.5 meters, breadth of 24.24 meters and a molded depth of 8.31 meters. The state-of-the-art 356’ twin…
Boykin Tapped as Next Newport News President
Huntington Ingalls Industries’ (HII) Board of Directors has elected Jennifer R. Boykin to serve as executive vice president of HII and president of HII’s Newport News Shipbuilding division, effective July 1. She will succeed Matt Mulherin, who announced that he will retire on August 1 after a 36-year career at Newport News Shipbuilding. Boykin, who will report to HII President and CEO Mike Petters effective July 1…