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STERLING EQUIPMENT

Donjon to Build Hopper Barges for Sterling

Photo: Donjon Shipbuilding

Donjon Shipbuilding and Repair, located in Erie, Pennsylvania, was recently awarded a contract by Sterling Equipment of Quincy, Massachusetts to construct two hopper barges, with an option for a third. The principal dimensions of these barges are 225’ long x 42’ wide x 12’ deep. Delivery of the barges is to be made by the middle to end of August 2013. Donjon Shipbuilding & Repair's facility, equipped with 1,250 ft. by 120 ft. by 22 ft. dry dock, is one of the largest shipyards of its kind on the Great Lakes. The facility includes 4,000 ft. of pier space and more than 200,000 square ft. of production area, with fully enclosed fabrication and assembly buildings housing fully automated cutting, fabrication, and coating equipment sufficient to build and maintain everything from deck barges to ocean-going ships. www.donjonshipbuilding.com  


UK Urged to Change Capital Gain Calculation Methods

Moore Stephens tax partner Sue Bill.

Moore Stephens calls for rethink on capital gains exchange rate distortions on ships.   International accountant and shipping consultant Moore Stephens has urged the UK government to remove exchange rate distortions when calculating capital gains on ships.   Moore Stephens tax partner Sue Bill explains, “Currently, all capital gains and losses subject to UK corporation tax are calculated by reference to sterling


Moore Stephens: UK Budget "encouraging" for Shipping

Moore Stephens tax partner Sue Bill

INTERNATIONAL accountant and shipping adviser Moore Stephens says the UK Budget 2012 contains some encouraging signs for the shipping industry.   The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case


Indian FPSO Finance Secured by Malaysian Operator

Bhumi Armardi FPSO: Photo courtesy of Bumi Armada

Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million (facility) from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank


Carnival Increases Quarterly Divident by 25 Percent

Carnival Corporation & plc announced that it has declared a quarterly dividend of $0.25 cents per share -- an increase of 25 percent. The dividend is payable on December 9, 2005, to shareholders of record on November 18, 2005. With today’s announcement – combined with previously announced dividend increases in April 2005 and October 2004 – Carnival’s quarterly dividend has doubled in just over 12 months.


BP Announces 2Q 2014 Interim Dividend

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  On 29 July 2014, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 19 September 2014 to shareholders on the share register on 8 August 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to


BP's Interim Dividend for 2014

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  On 28 October 2014, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2014 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 19 December 2014 to shareholders on the share register on 7 November 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to


TT Club Calls for Increased Port Safety

Photo courtesy of TT Club

In a speech given to the Trans Middle East Conference in Qatar in May, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club, called for operators to do more to minimize the causes of incidents resulting in bodily injury, cargo and property damage. Analysis of extensive TT Club data has shown that over 80% of insurance claims related to cargo handling at ports and terminals are the result of operational shortcomings or poor equipment maintenance


UK Budget is Good News for Shipping Sector

logo moore stephens.gif

International accountant and shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector. Measures which will have an impact on the shipping industry include a reduction in the main rate of UK corporation tax.  This is 23 per cent for the year ended 31 March 2014, reducing to 21 per cent from April 2014. A further reduction to 20 per cent from April 2015 has now been announced.  


EC Clearance for Ferry Consolidation

P&O welcomes the announcement by the European Commission that it has cleared the Group's proposed purchase of Stena Line's 40 percent shareholding in P&O Stena Line. The transaction is expected to complete during the next week. P&O Chairman Lord Sterling said: "We are delighted to have received clearance from the EC. We can now proceed on schedule with the planned consolidation of our ferry businesses. By managing the businesses together we will be able to maximise synergies and growth


Total E&P UK, Survitec Ink Lifesaving Equipment Deal

Survitec Group has announced a five-year contract award with Total E&P UK Ltd for the provision of lifesaving equipment maintenance services.    The contract, which adds to an existing contract for lifeboat maintenance services


Finnlines, Alfa Laval Ink Scrubber Performance Deal

Photo courtesy of Alfa Laval

Finnish shipping operator Finnlines, part of the Grimaldi Group, has placed a service order with Alfa Laval to optimize the performance of its existing Alfa Laval PureSOx scrubber systems. The performance agreement was tailored for Finnlines using the Alfa Laval 360° Service Portfolio


ABS Broadens Type Approval Coverage for SubM

Joshua LaVire (Photo: ABS)

ABS, a leading provider of classification and technical services to the marine and offshore industries, has expanded its Type Approval product certification process to allow original equipment manufacturers (OEMs) to meet compliance with 46 CFR Subchapter M Regulations.  


ABB, Presserv Partner to Preserve Idle O&G Vessels

Photo courtesy of ABB

ABB’s marine and ports business will partner with Presserv to offer maintenance packages for vessels that serve the oil and gas industry that are laid-up for prolonged periods.   The two companies will combine specialized services to enable the preservation of equipment onboard


Damen Unveils Emergency Response Vessel

Image: Damen

 Damen has introduced a new first line assistance vessel, the Responder 5413, engineered specifically for assistance in disaster relief and emergency response operations.   Developed partly in response to the increasing number of extreme weather events across the globe


JNPT Gets Radiological Detection Equipment at Exit Gates

Photo: Jawaharlal Nehru Port Trust

 The Jawaharlal Nehru Port Trust (JNPT) in Mumbai has become the first major port in the country to install radiological detection equipment (RDE) at all its exit road and rail gates.   An official press release said the Marine Department of the port had taken up the project and the


Fisheries Research Vessel Ordered for Germany

(Image: Damen)

The German Federal Office for Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung, BLE) has signed a contract with Damen Shipyards Group for the construction of a new fisheries research vessel following a European tendering process


Ship Systems and Equipment Meeting Underway

Photo: International Maritime Organization (IMO)

 The first set of international requirements for onboard lifting appliances and winches are expected to be finalized during this week’s meeting of the Sub-Committee on Ship Systems and Equipment (SSE).    The draft amendments to SOLAS as well as any necessary related


ALMACO to Deliver Catering Areas for Saga Cruise Ship

Image: ALMACO

 ALMACO said it has been contracted to build the catering areas onboard the first newbuild ship for Saga Cruises at Meyer Werft shipyard in Germany.   The vessel is expected to be delivered in summer of 2019, with the option to order a second with expected delivery in 2021.  


Chemline Launches Contractor Services

Polyurea/polyurethane protective coatings manufacturer Chemline said it has established a new dedicated sales team and web page specifically for contractors.   The company has served primarily the OEM market for 20 years, and is now adding contractor-focused services is in response to


Canadian Fleets, Seaway Invest $160 Mln for 2017 Season

File photo: Thunder Bay Port Authority / Chamber of Marine Commerce

Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast, according to the Chamber of Marine Commerce.  


Lamor Demos New Oil Recovery System

Photo: Lamor Corporation

 In mid-February, Lamor Corporation demonstrated a new way to recover oil by deploying the Lamor Marine Oil Spill Sweeper LMOS 15 Speed Skimming system in Halifax, Canada in cooperation with their local representative, Griffin Engineered Systems


Rolls-Royce Wins USCG OPC Propulsion Contract

Offshore Partrol Cutter (Photo: Rolls-Royce)

Rolls-Royce will provide an extensive range of equipment, including MTU marine generator sets, to a new fleet of U.S. Coast Guard Offshore Patrol Cutters (USCG OPC). The Rolls-Royce equipment was selected by Eastern Shipbuilding Group (ESG) Inc


Gloria reachstackers for Messina Group

Gloria reachstackers delivered Photo Kalmar

Kalmar, part of Cargotec, has delivered nine Kalmar Gloria reachstackers to the Italian ro-ro and container shipping line Messina Group. The order includes a Kalmar Complete Care maintenance contract, which brings several advantages, such as financial predictability


Vestdavit mission accomplished on Ramform safety

Photo Vestdavit

Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipment keeping ships safely in service.






 
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