Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel drydocking costs from the deferral method, under which the company deferred and amortized its drydocking costs over the estimated period of benefit between drydockings, to the direct expense method, under which the company expenses all drydocking costs as incurred. There have been no drydocking costs that the company has incurred prior to the first quarter of 2008, therefore, there will be no impact on the Company's prior financial statements as a result of the adoption of this change in policy. The Company believes that the new direct expensing method eliminates the significant amount of subjectivity that is needed to determine which costs and activities related to drydocking should be deferred. The first effect of this change in accounting policy, will appear in the Company's results for the quarter ended March 31, 2008. This change in accounting policy will not impact the Company's dividend distributions per share, given that the Company has a fixed dividend policy.
Celebrity Cruise Lines has completed its first ever drydocking with Detyens Shipyards, Inc (DSI). ZENITH docked at the Charleston, South Carolina facility from October 24, 2005 thru November 3, 2005. The scope of work included: regular drydocking maintenance along with sea valve renewals, blade seals and polishing, anchor chains, bow and stern thruster seals, overhauling of the bow thruster, the dismantling and overhauling of the stabilizers, the application of the silicon base AF coatings
Heger Dry Dock will present its four-day Dockmaster's Training Seminar during May 2000 in Seattle, Wash. Held from May 2-5, the course will provide the latest information on dry docks, and drydocking techniques to dockmasters, marine engineers, naval architects and others involved in the docking vessels. Topics for discussion throughout the course will include dry dock accidents, types of docks, ship characteristics important to drydocking and docking procedures
Following the successful annual drydocking and refit of the Wightlink fleet of passenger/car ferries since January 2001, A&P Southampton and Wightlink have announced the signing of a revised annual drydocking and maintenance agreement for a further three years. This new agreement has been extended to include A&P Shipcare (Portsmouth) for all in service repair needs. A&P Southampton Managing Director, David Parry
B+H Ocean Carriers Ltd. has acquired a 98,000dwt OBO, or combination carrier, committed to a Time Charter at $27,000 from delivery through March 13, 2006, plus or minus one month. The vessel will be delivered to the Company during April. This vessel, to be renamed Sachuest, has some particularly attractive attributes in the present market environment, the Company said, including the ability to trade as both a tanker and a dry bulk carrier, plus the fact that it has 24
Great Lakes Shipyard has been awarded a drydocking contract for Miller Boat Line’s M/V Put-In-Bay. The ferry was hauled out using the 770-ton capacity Marine Travelift at Great Lakes Shipyard. The repair contract includes drydocking, inspection and repairs, hull cleaning and miscellaneous fabrication and steel repairs. This is the first drydocking for M/V Put-In-Bay at Great Lakes Shipyard since Spring 2010
Keppel Shipyard Limited (Keppel Shipyard) has entered an Alliance Service Agreement for the drydocking of a fleet of Moss Rosenburg (MOSS) type of Liquefied Natural Gas (LNG) carriers chartered by Qatar Liquefied Gas Company Ltd (Qatargas). The five-year agreement was signed with MO LNG Transport Co., Ltd (MOL), Nippon Yusen Kaisha Ltd (NYK) and Kawasaki Kisen Kaisha Ltd (K-Line). The vessels under the fleet agreement are Al Zubarah, Al Khor, Al Rayyan, Al Wajbah, Broog, Zekreet
hen the 70,367-ton, 855 ft. (260.6 m) Carnival Paradise arrived at Newport News Shipbuilding for emergency repair on its Azipod propulsion system, it marked a milestone in ship repair history as no U.S.-based yard had ever performed work on the advanced pod system. The vessel arrived for drydocking at the yard on July 25, where the NNS crew prepared it in time for its next scheduled sailing date on August 20. MR/EN had the opportunity to speak with Becky Stewart, NNS' director of ship repair
In Qatar, Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has 7 ocean-going LNG carriers in its drydock for repairs, overhauls As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects reports LNG World News. The seven LNG carriers (Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Gharrafa
Great Lakes Shipyard announced it has completed a multi-vessel drydocking and repair contract for the United States Army Corps of Engineers (USACE) Detroit District Floating Plant, and all vessels were redelivered on December 28, 2015. This was the first time the Detroit District Floating Plant has been drydocked using Great Lakes Shipyard’s 700 metric ton capacity Marine Travelift. The shipyard hauled out Tug Demolen and Deck Scow BC-6576 on October 26
Maritime Reporter & Engineering News interviews Chen Yong president Zhoushan IMC YongYue Shipyard Engineering Co., (IMC-YY) an emerging leader in ship repair and conversion in China. For our readers not familiar with IMC-YY, can you describe your physical facilities?
ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels. “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers
ABS, a leading provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.
Great Lakes Shipyard was awarded a drydocking contract by Kelleys Island Ferry Boat Line for the M/V Carlee Emily. Maintenance work includes five-year drydocking, U.S. Coast Guard (USCG) inspection and surveys as well as miscellaneous routine repairs.
Damen Shiprepair Oranjewerf (DSO) has become the latest Damen ship repair yard to receive ISO 9001:2008 certification, demonstrating that the yard fulfils the requirements of the defined management system standards to consistently provide a high quality service that meets all customer
Singapore Shipping Corporation(SSC)'s net profit increased 7.8 per cent to US$9.6 million for the financial year ended March 31, 2016, compared to the previous year. Revenue rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier.
Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel (CSV) left the yard on June 29th following a 22-day drydock programme
The DP1 jack-up vessel Thor owned by the DEME Group has completed a short stay at Damen Shiprepair Dunkerque (DSDu). During her time at the yard her hull was repainted in the new DEME livery and her thrusters inspected. Measuring 70 metres by 40 metres
The Company: For over 130 years, AkzoNobel’s Marine Coatings business, International, has pioneered the development of market-leading coatings for the shipping industry. The firm prides itself in its commitment to innovation, continual investment in research and development and a resolute
Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering. “The addition of the floating drydock contributes to our commitment to expand our service offering
Building upon conventional technical skills and know-how while also taking advantage of the latest technology, Hydrex offers a unique hull monitoring service to its customers. This gives shipowners total control of their ship's hull condition and consequently its performance
Trading in ice is the toughest challenge for a hull coating. Regular anti-fouling paints or simple epoxies are usually scraped off by the constant abrasion of the ice, and extra drydockings are needed to repaint, often after just one season.
Vessel operating costs are expected to rise in both 2016 and 2017, according to the latest survey by international accountant and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years
Ryba Marine’s crane barge CT-150 (150’ x 50’ x 10’) was recently in drydock at Great Lakes Shipyard for maintenance and repairs. Great Lakes Shipyard’s contract, awarded by Ryba Marine on October 28, 2016, included drydocking
Great Lakes Shipyard was awarded a contract for drydocking and repairs by Geo Gradel & Co. for Tug JOHN FRANCIS on January 18, 2017. The tugboat was hauled out using the 770-MT Mobile Marine Travelift on January 19, 2017. Geo Gradel & Co