Marine Link
Sunday, October 22, 2017

Nears Completion

First Ship Nearing Completion at Kvaerner Philadelphia

The MV Manukai, Kvaerner Philadelphia Shipyard's first ship, was floated out of the building dock this weekend. The 712-ft. container ship being built for Matson Navigation was towed to the outfitting dock for its final outfitting phase. The $110 million ship which is constructed entirely of American-made materials, including Bethlehem steel, will be deployed to its home base in Honolulu upon completion, and will sail between Hawaii, Seattle and Oakland. Construction is under way at the yard on its sister ship.

Alaska Shipbuilder Finishing Unique Ferry

A unique $68 million ferry – an icebreaking catamaran with a variable draft for landing -- is nearing completion at Alaska Ship and Dry Dock in Ketchikan Alaska, according to a report from the  Alaska Journal of Commerce. The ferry is scheduled for christening in January 2010, going into service the next year. The U.S. Navy will test the vessel, and turn it over to the Matanuska Susitna Borough. Anchorage and Mat-Su officials must still determine where the vessel will dock on the

Success For Transas VTS In Taiwan

Transas Marine Pacific in cooperation with its Taiwanese agent, Seven Seas Electronic, has won an order for another Vessel Traffic Service (VTS) system in Taiwan. This order follows the first installation of a Navi-Traffic solution in the Port of Keelung in 1997. The tender was called, during the summer 2001, by Ho-Ping, which is a private port on the northeast coast of the country. Port construction works are nearing completion and the new port facilities will commence operating in

Sleek Design for Indonesian Tug

The team, composed of owner H. Darmansyah, naval architect Surjo Adji and yard manager Heri Nurcahyono, has built the Muji Rahayu Shipyard into a major player amongst Asian boat builders The yard is located near Samarinda in East Kalimantan, Indonesia.In mid-February they had more than 15 vessels nearing completion. But more than tugs ware under construction. The steel framework for huge covered areas was being assembled so that work could proceed more easily in the rainy season

Allied Marine Crane Outfits R/V Neil Armstrong

(Photo: Allied Marine Crane)

The U.S. Navy’s research vessel Neil Armstrong (AGOR-27), scheduled for completion this year, is equipped with a modern array of oceanographic research equipment. To handle this equipment, Allied Marine Crane, a division of Allied Systems, Co., was chosen to design and manufacture two cranes, one A-frame, one davit, two handling systems and two hydraulic power units. Allied Marine Crane equipment was specified based on their history with research equipment handling

MISC Q2 Net Profit Down 59%

LNG Vessel - Seri Camellia. Photo: MISC Berhad

 Malaysian shipping line MISC Berhad has recorded a 58.7% drop in its earnings for the second quarter of this year compared to the previous corresponding quarter.   The company announced a net profit of RM 556.5mln in its quarter ending June 30, 2017, compared to RM 1.34bln in the last corresponding quarter. The decrease in profit was in part owing to an impairment loss on ships, property, plant and equipment of RM 133.6mln.  

Hydro, Statoil to Establish Offshore Oil Company

The boards of Norway's Hydro and Statoil have urged their shareholders to approve a deal that would merge their oil and gas assets. If approved, Norway's largest offshore oil company would be created, with a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalent. Hydro's shareholders will hold 32.7% and Statoil's shareholders will hold 67.3% of the new company. Hydro's shareholders will receive 0

Seattle Shipyard $29m Icebreaker Contract

U.S. Senator Patty Murray (D-WA) announced that Todd Shipyards, a Seattle-based company, has been awarded a five-year $29m contract to retrofit the United States Coast Guard’s Polar Class icebreaker, Polar Star.  As a senior member of the Senate Appropriations Committee, Senator Murray helped secure $30.3m in the FY2009 Homeland Security Appropriations bill to re-activate the USCGC Polar Star, which is currently in caretaker status.

Smith Berger Mooring & Towing Solutions

450MT-Stern-Roller_web.jpg

Smith Berger Marine, Inc. recently delivered another towing pin stern roller set to Baydelta Maritime for installation on their 100 ft, 94 Ton Bollard Pull tug, Delta Cathryn, currently being built at Nichols Brothers Boatbuilders. The towing pins are designed for use with 2.5 inch wire rope and are the fourth set delivered to Baydelta for this vessel class. The tow pins and hold down hook are hydraulically raised and lowered by a dedicated hydraulic power unit located below deck; operation is

ASL Marine Gowing Strong

Photo courtesy Cummins Marine

If there is a slowing in the marine industries no one told the people at ASL Marine in Singapore. Among other projects the shipyard is building a series of Roto Tugs, a series of large PSVs and a 196.8-ft dive support vessel.   In November ASL was nearing completion of another in their series of diesel-electric emergency vessels for the Danish firm Esvagt. These red boats are equipped with five Cummins KTA19D powered 485 kW generators.  

Fortuna FLNG Offtake Awarded to Gunvor

Photo: Golar LNG

 The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project.    All parties have agreed the principal commercial terms subject to finalising a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project

Damen Stan Pontoons to Support London’s ‘Super Sewer’ Construction

(Photo: Damen)

The Ferrovial Agroman Laing O'Rourke joint venture (FLO) has taken delivery of two Damen Stan Pontoons. FLO will deploy the vessels – a SPo 7120 and a SPo 4113 – for marine infrastructure construction duties on the Thames Tideway Tunnel project in London. The joint venture company has also chartered a smaller SPo 3011 for a period of one year.   Considered to be one of the most important civil engineering projects currently under construction

Ecochlor Named a Top Growing Manufacturing Company

(Image: Ecochlor)

Ballast water treatment system (BWTS) manufacturer Ecochlor said it has been recognized by Inc. 500|5000 as one of the fastest-growing manufacturing companies in the U.S.   The Inc. 500 award, representing the top 10 percent of the 5,000 companies chosen, was presented to Ecochlor with a ranking of eight in the U.S. for manufacturing, 16 in Best Massachusetts companies and overall placement of 453 for all companies throughout America.   

Brookfield Completes Acquisition of Teekay

Image: Teekay Corporation

 Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Business, together with its institutional partners (collectively Brookfield).   “With this comprehensive transaction now completed, Teekay looks forward to working with Brookfield as co-sponsors of Teekay Offshore to support the Partnership’s continued growth,” commented Kenneth Hvid

ABS Breaks Ground on New Houston HQ

Photo: ABS

ABS has broken ground on its new global headquarters. Anchoring the CityPlace 2 development, the new headquarters will be located near the intersection of I-45 and the Grand Parkway in the Houston area.    “This is an important milestone in our 155-year-young history and reaffirms our commitment to Houston,” said ABS Chairman, President and CEO Christopher J. Wiernicki. “Working with our project partners

Newark Container Terminal Handles Record Volumes

Photo: PNCT

Port Newark Container Terminal (PNCT) handled a record number of container volumes without disruption to its customers following its January 2017 upgrade to the N4 terminal system. The move to Navis N4 is part of PNCT’s $500 million infrastructure modernization project that is expected to nearly double the terminal’s capacity by 2019.    Located within the Port of New York and New Jersey—the largest port on the East Coast and third largest in the U.S

DP World London Now Handles Far East Calls

Photo: by Andrew Bowen, DP World

 MOL Triumph, the first of the world’s largest and newest vessels to call in the UK, arrives in Southampton on THE Alliance's FE2 service as new third deep-water berth opened at London Gateway in April, ahead of first regular Asia-Europe service starting.   DP World's UK terminals will welcome the first services from the Far East following a global shake-up of the world’s shipping lines.  

TEN's 15-Vessel Newbuilding Program Nearing Completion

Pic: Tsakos Energy Navigation

 Greece-based Tsakos Energy Navigation (TEN) said that its 15-vessel newbuilding program is nearing completion with the final three aframax tankers expected to be delivered in the coming months.    In the second half of the year, with all vessels delivered and 77% of the fleet on full utilization contracts, TEN's industrial shipping strategy will be at full throttle.   In line with the programmed deliveries

Hapag-UASC Tie-up Nears Completion

Photo: Hapag-Lloyd

German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters. The deal to create the world's fifth-biggest shipping company, valued at about 7 billion to 8 billion euros ($7.8-$8.9 billion), had been scheduled to complete at the end of last year. It would give Hapag Lloyd access to bigger ships on the major Asia to Europe trade route

Golar FLNG Nearing Completion

Golar'LNG says that the FLNG Hilli Episeyo conversion is nearing completion. "The conversion of Hilli Episeyo is progressing to a tight but achievable schedule," said a company statement.   All equipment has been installed and testing and precommissioning work is underway and will continue in Singapore until departure from the yard, which is expected to be in around six weeks.    Seawater trials

Ecoslops, Total Plan Micro-refinery in La Mède

Ecoslops, a company that upgrades ship-generated hydrocarbon residues, or “slops”, into valuable new fuels and light bitumen, said is has signed an agreement with TOTAL Group to set up a maritime transport induced oil residue waste-processing unit at La Mède, near Marseilles in the Bouches-du-Rhône. The agreement comes after the completion of technical and commercial studies, which commenced last year and were announced as a Memorandum of Understanding (MOU) in September 2016.

IOC to Acquire 50% Stake in Mundra Terminal

GSPC Mundra LNG terminal. Photo: GSPC Ltd

 India's state-owned Indian Oil Corporation Ltd. on Friday said it will acquire up to 50 percent stake in Adani Group-backed Gujarat State Petroleum Corp (GSPC) Mundra LNG import terminal in Gujarat for an estimated INR 756 crore (USD 118 million).  According to the Press Trust of India, GSPL LNG is a joint venture of Gujarat State Petroleum Corp and Adani Enterprises. Adani and GSPC are equal partners in GSPL LNG.   

Cheniere to Completion 4th LNG Unit Soon

Photo: Cheniere Energy, Inc

 Houston-based energy company Cheniere Energy said that it is nearing completion of its fourth liquefied natural gas unit at its massive Sabine Pass terminal in Louisiana near the Texas border.  The company, primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana.   "Our long-term contract with Gas Natural Fenosa commenced and first LNG production occurred from Train 4 at Sabine Pass," said Jack Fusco

Global Ports Sells Logistika-Terminal to PJSC TransContainer

Photo: Global Ports Investments Plc

 Global Ports Investments PLC announced that First Container Terminal Inc., one of the Group’s sea terminals, has signed an agreement to sell its 100% shares in JSC Logistika-Terminal (LT), one of the Group’s two inland terminals, to PJSC TransContainer for a consideration of 1.9 billion Russian rubles to be paid upon completion of the transaction.    The transaction will allow the Group to optimize its inland terminal network focusing on the Yanino terminal

Gunvor Awarded Fortuna FLNG Offtake

The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalizing a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project.  

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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