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VESSEL RECOVERY

Odyssey: First Load of Silver Cargo From Three Miles Deep

Odyssey Marine Exploration (Nasdaq:OMEX), announced it has successfully recovered approximately 48 tons of silver bullion from a depth of approximately three miles. This initial recovery of bullion from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship that sank in February 1941, totals 1,203 silver bars or approximately 1.4 million troy ounces of silver and has been transported to a secure facility in the United Kingdom. After unloading the cargo, taking on fuel and changing  personnel, recovery operations will continue and are expected to be completed in the third quarter of 2012.This record-breaking operation has so far produced the heaviest and deepest recovery of precious metals from a shipwreck. Odyssey is conducting the Gairsoppa project under contract with the UK Department for Transport. Under the terms of the agreement, which follows standard commercial practices, Odyssey bears the risk of search and recovery and retains 80% of the net salved value of the  Gairsoppa silver cargo after recovering its expenses. The contract was awarded to Odyssey following a competitive tender process. The amount of silver bars recovered so far represents approximately 43% of the insured silver bars, or approximately 20% of the total silver cargo which research has indicated may be on board. In addition, an estimated 600,000 oz


Trinity Offshore to Build Very Shallow Multi–System Skimmer

Trinity Offshore, LLC announced that they have signed a contract to build one 56-ft by 14-ft MKII Very Shallow Multi-System Skimmer (VSMSS) with Clean Gulf Associates of New Orleans, La.  Clean Gulf Associates, one of the largest oil spill response cooperative in North America, will operate the vessel to provide marine service and environmental clean up along the Gulf Coast to its member companies. Designed by Trinity’s in house engineering department


Alfa Laval EGR-HPE Economizer a Boon

Alfa Laval PureNOx approved for MAN Diesel & Turbo EGR system

  With Tier III NOx limits entering into force in North America and the US Caribbean in January 2016, the time has come for many ship owners to choose their method of compliance. Exhaust Gas Recirculation (EGR) on MAN B&W engines has strong advantages on its own. But combined with a new pressurized EGR economizer from Alfa Laval, it also offers the potential for massive fuel savings. “EGR provides Tier III NOx compliance with a very compact footprint


Caley Davits for Japanese Vessels

Caley Davits for Japanese Fisheries hi-resWEB.jpg

Caley Ocean Systems has supplied davits for four Japanese Fisheries patrol vessels. The davits will allow the rapid deployment and retrieval of a range of high speed workboats, even in Sea State 6 conditions, during patrol operations. The all-weather Caley davits enable rigid inflatable boats (RIBS) to be held in readiness and launched in seconds. Crew safety is paramount to the davit's handling system which features anti-pendulation control for pitch and roll damping and reduction of


Towline Aboard Stranded 'Kulluk' Rig

Rig Kulluk Aground: Photo credit Shell

Aerial and onboard inspections confirm the vessel remains firmly aground & stable on Sitkalidak Island, Alaska, with no sign of leakage of pollutants. Naval architects on the survey team confirm the Kulluk is structurally sound and fit for towing to safe harbor in nearby Kiliuda Bay.  The exact timing for potential towing activity is dependent on weather, tides and operational readiness. Once the Unified Command team managing the incident confirms it is safe and ready to move forward


Recovery Plan for Sunken Drydock in Guam

Guam Shipyard has finalized plans to recover the floating dry dock Machinist, or Big Blue, which took on water and became partially submerged Jan. 3. The Coast Guard has established a unified command with Guam Environmental Protection Agency and Guam Shipyard to manage the recovery process. Coast Guard Sector Guam reviewed the shipyard’s plans, which outline the shipyard’s commitment to work with oil recovery contractor Gresco under the supervision of the Coast Guard and Guam EPA


Hurricane Pollution Recovery Ops Update

In the aftermath of Hurricane Katrina, federal, state, local and industry personnel continue to work together to conduct pollution recovery operations to mitigate further damage to the environment. The following industries are continuing pollution recovery operations: Murphy Oil Corporation, near Chalmette, La.: - Estimated 819,000 gallons of oil have been discharged, with the vast majority contained within the existing secondary containment unit located on refinery property


Odyssey Recovers 1.8 Million Ounces of Silver From Shipwreck

Gairsoppa - Silver

The latest recovery from SS Gairsoppa reportedly set the world record for deepest, largest precious metal recovery. Odyssey Marine Exploration said it has recovered more than 61 tons of silver bullion this month from a depth of nearly three miles. This recovery of bullion from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship that sank in February 1941, consists of 1,574 silver ingots weighing about 1,100 ounces each or almost 1


Container Recovery from RENA continues

RENA_Pumpout.jpg

RENA Container Recovery Passes 800 Mark.   The number of containers recovered from the stricken Rena on Mount Mauganui’s Astrolabe Reef has risen above the 800 mark.  A total of 815 of the 1,368 containers have now been brought to port. Braemar Howells’ operations manager Neil Lloyd confirmed numbers were boosted this week with 21 containers landed on Monday, and a further eight on Tuesday.  


ICS Produces Guidelines for IMO Regulation

ICS Water Recovery Guildelines (Credit ICS)

Guidelines helping shipowners comply with a new International Maritime Organization (IMO) regulation, requiring ship-specific planned procedure for recovering individuals from the water, have been launched by the International Chamber of Shipping (ICS). Under the new SOLAS Regulation, effective July 1, all ships are required to develop plans and procedures that identify the equipment used for recovery purposes and measures to minimise the risks for shipboard personnel involved in recovery


Certification for MOL Environmental Management System

Image: MOL

 Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management company, MOL Ship Management  received a new certification of its Environmental Management System ISO14001: 2015 and Energy Management System ISO50001from Nippon Kaiji Kyokai (ClassNK) after


VLCC Outlook Brightens Slightly

file Image: CREDIT EuroNav

Rate correction likely after low S-Oil charter drags market.   Freight rates for very large crude carriers (VLCCs) could see a small respite next week, building on the slight improvement seen in the last two days although sentiment is likely to remain pessimistic of any real recovery


Shipwreck Recovery to Commence in August

Photo: Endurance Exploration Group, Inc.

Florida-based Swordfish Partners and Deep Blue Exploration have contracted Blue Water Ventures International to recover potentially valuable artifacts and coins from a shipwreck site off the coast of North Carolina the parties believe to be the 1838 sinking of the steam paddle wheeler, Pulaski


Keppel Posts Lower Q2 Profit, Warns on Rig Outlook

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion.   Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.  


TCM Gearing Up for Panamax Ships

Port of Maputo aerial view. Photo: Grindrod Limited

 The recent dredging to the Port of Maputo, Mozambique, access channel, early this year, from -11 to 14.3 meters served as an enabler to other infrastructure projects, some already taking place at the Port.    According to a press release


Rickmers to Sell its Last 9 Vessels to Navios

File photo: Rickmers Maritime

 HSH syndicate, comprising HSH Nordbank and DBS Bank, has approved the sale of the remaining nine of 14 vessels of Singapore-based Rickmers Trust Management for some $54 million to Navios Partners Containers and Navios Partners Containers Finance.


Deltamarin Wins Contract for Viking Line Newbuild

(Image: Viking Line)

Deltamarin Ltd said it has signed contracts with Chinese shipbuilder Xiamen Shipbuilding Industry Co., Ltd (XSI) for engineering and construction support services for the Viking Line Liquefied natural gas (LNG) fuelled ro-pax vessel newbuilding


OSV Companies Running Out of Options -Study

© corlaffra / Adobe Stock

As oil continues to sell below $50 per barrel, 2017 could be one of the toughest years in decades for Offshore Supply Vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners.   The firm’s analysis highlights these companies’ rising debt


Training Flight Deck at Sea Comes to Australia

MV Sycamore multi-role aviation training vessel (MATV) entering Sydney Harbour. Photo: Royal Australian Navy

 Australia’s new multirole aviation training vessel MV Sycamore has recently arrived in Sydney.    Designed to support Defence helicopter training, having been launched in Vietnam in August 2016, built by Skelder and overseen by Serco Defence


Stolt-Nielsen Aims to Cut Debt

Niels G. Stolt-Nielsen (Photo: Stolt-Nielsen)

Chemical tanker firm Stolt-Nielsen aims to cut debt, CEO Niels G. Stolt-Nielsen said on Thursday. CEO: Debt is slightly higher than we wish  CEO: Based on the latest update, we believe that 2018 will be tough to reduce debt  CEO: Assumptions are based on no recovery in the chemical


Dryships Time Charter Contract for Newcastlemax Vessels

Image: DryShips Inc

 DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has entered into a time charter with a major coal and steel trader for its fourth and last of its 206,000 dwt Newcastlemax drybulk vessels.   The contract has a duration of about one year


Lenders Ramp up Pressure on 'Toxic' Shipping Debt

Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further, a leading transport survey showed on Wednesday.  


New Australian Navy Vessel Arrives in Home Port

Photo: Damen

Completing her maiden voyage, the Damen Multi-role Aviation Training Vessel (MATV) MV Sycamore arrived in Sydney harbor early on Monday morning. The 94-meter-long vessel is now less than a month away from deployment as a versatile multi-role vessel and helicopter training platform for the Royal


Maritime Broadband Radio: First Wireless Network at Sea

Maritime Broadband Radio, MBR, is also installed on the Coastal Administration’s surveillance plane LN- KYV. (Photo: Kongsberg Seatex AS)

Norway has become the first nation to implement maritime broadband communication on ships and planes in public service, enabling exchange of information that can be crucial in limiting damage when accidents occur.   Kongsberg Seatex and Radionor have teamed up to develop Maritime Broadband


Two New Tugs for Rimorchiatori Riuniti

Damen ASD Tug 2411 Columbia (Photo: Damen)

Italian tug operator Rimorchiatori Riuniti has continued its fleet expansion with the deliveries of two new Damen tugs; an ASD 2913 called Danimarca and an ASD 2411 called Columbia.   The delivery of the Danimarca took place in Genoa on June 14, 2017






 
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