The AP has reported that Stolt-Nielsen SA is buying three used tanker ships for about $40 million. The company said its wholly owned subsidiary, Stolt-Nielsen Transportation Group, has exercised an option to purchase the tankers, currently on charter, from Montana Ship Holding AS. According to Stolt-Nielsen, it chartered the ships in December 2001 with an option to buy at any time. The company said the three ships are to be converted at a cost of $7.5 million to meet new safety regulations that will take effect Jan. 1 next year. Stolt-Nielsen said it anticipates the ships will allow it take advantage of growth prospects for the parcel tanker market. It also said the used vessels will help it save money since the cost of shipbuilding is at historic highs. American depositary shares of Stolt-Nielsen fell 55 cents to $31.20 in afternoon trading on the Nasdaq.
McDermott International, Inc subsidiary awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan, Safaniya and Zuluf fields The first project, Karan-45, comprises fabrication of a new wellhead platform, auxiliary platform, jacket and link bridge, with subsea installation of a 20-inch flowline and a 15kV composite power and fiber optic cable. Project management, engineering and procurement will be undertaken at McDermott’s engineering office in Al-Khobar, Saudi Arabia
Age limits being imposed on tanker chartering by oil companies do not address the use of ships like the Erika, which broke up off France in December, shipping industry sources said. Companies are opting not to use large vessels, above either 80,000 or 100,000 dwt, more than 20 years old unless they have extra safety certificates. However, the age limit is higher for smaller tankers - at 25 years - partly because there are not enough newer ships
The vessel retirement schedule in the Oil Pollution Act of 1990 will force retirement over the next five years of at least 12 U.S.-flag product tankers totaling almost 500,000 dwt of capacity (approximately 25 percent of the total U.S.-flag product tanker fleet) and over 50 U.S.-flag tank barges greater than 5,000 gross tons totaling over 1,000,000 dwt of capacity (approximately 45 percent of the total U.S.-flag ocean-going tank barge fleet greater than 5,000 gross tons). The struggling
A new range of hooks from Henriksen AS introduces a significant level of safety for crews engaged in towing small to medium-sized vessels and loads. The new towing hook has been designed for users at the lighter end of the towing spectrum and it is available in three versions for use with loads from ten, five and two a half tonnes. Each model is certified as being capable of towing loads up to six times greater than its designated strength which makes it an important asset for any working
The Maritime and Port Authority of Singapore (MPA) has released a training programme, produced by Videotel, a KVH company, to encourage safe navigation in the Singapore Strait. Carrying an estimated one third of the world’s traded goods, the Singapore Strait is one of world’s busiest shipping lanes the world’s busiest shipping lanes. Recent projections show that maritime traffic is set to increase significantly along this narrow waterway, which
David Gray Parrot, 65, founder and former chief of TITAN Salvage, passed away in Maine in the comfort of family and friends. Parrot is survived by his wife Penny, sons Hunter and Gage, and a network of friends and family. A private family service is scheduled for this weekend in Maine. "On behalf of the entire Crowley organization, I extend my deepest sympathies and condolences to David's family, friends and colleagues," said Tom Crowley, Jr
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry. Many of the companies have been in business for 100 years or more. They have a long family history associated with the sea that has charted their economic destiny for decades.
Trading in preowned vessels continues to be a popular choice for many customers. Damen Trading facilitates the sale and purchase of both Damen and third-party vessels. Recent deals highlight how trading in vessels results in a win-win situation for buyer and seller. Under these arrangements vessels have been sold in Australia and bought by clients in Uruguay, U.K. vessels have gone to Zanzibar, Colombian vessels to Jamaica, with customers worldwide seeing the benefits of trading in
Bluetide Communications’ Access Management Portal (AMP) application for wireless network management is changing the way workboat operators manage data, crew and costs. Thousands of miles, and weeks or months out at sea, the next best thing to physically being there, is an electronic connection home, and today, mariners increasingly are reluctant to board vessels without access to some form of it. “What seafarers want overwhelmingly is a cost-effective way to speak to
tkMSA embraces technology to enhance coordination and communication via an Autodesk/ShipConstructor solution The ANZAC Class is a ship class of 10 frigates: eight operated by the Royal Australian Navy and two operated by the Royal New Zealand Navy (RNZN)
The Trailing Suction Hopper Dredger (TSHD) 650 ordered by Gippsland Ports of Victoria, Australia, in December 2015 has recently been launched at Damen Yichang Shipyard in China. The vessel, named Tommy Norton, is now alongside the yard’s new quay undergoing final commissioning
In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency unhesitatingly issued its first revocation of more than
OCIMF and CDI release new information paper Linked Ship/Shore Emergency Shutdown Systems for Oil and Chemical Transfers. The information paper, jointly released by CDI and OCIMF on April 21 recommends an Emergency Shutdown (ESD) connection that will link ship and terminal ESD systems
The Worldwide Ferry Safety Association (WFSA) will host its upcoming Ferry Safety and Technology Conference May 11 and 12 in downtown New York. Besides the awards to winners of the Ferry Design Competition, there are many reasons to attend the conference. Below are a dozen.
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share.
Bollinger Shipyards said it has delivered the USCGC Benjamin Dailey, the 23rd Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery of the 154-foot patrol craft on April 20, 2017 in Key West, Fla. The vessel’s commissioning is scheduled for July 4
Ampelmann, provider of offshore access to the energy industry, has unveiled its latest walk to work system which has been specially designed for operation in extreme cold conditions. The N-type, nicknamed Icemann, was officially launched in front of 200 guests on Thursday, April 20, in Rotterdam
Recently the hull of the vessel Vlieborg from Wagenborg has been cleaned in the Port of Rotterdam by Fleet Cleaner and OH Ship Cleaning. The vessel was heavily fouled with slime and algae, which were all removed from the hull and captured by the installation
DryShips has entered into agreements with unaffiliated third parties to purchase three Kamsarmax drybulk carriers built in 2014. One 81,918 DWT Kamsarmax drybulk carrier is built in 2014. The company expects to take delivery of this vessel during the second quarter of 2017.
The reemergence of organotin in marine hull coatings is of increasing concern, with academics and environmentalists calling on International Maritime Organization (IMO) to investigate the use of tin in silicone-based foul release systems and other ships hull coatings.
Ocean Carrier Nile Dutch will use ClearMetal's machine-learning approach to fleet and container utilization improvement. ClearMetal is a predictive logistics company that uses AI and machine learning to unlock new efficiencies for global trade.
Even on large vessels, machinery spaces tend to be cramped and have reduced accessibility. Knowing this, FCI Watermakers offers its high-efficiency Neptune+ Series in a convenient, modular configuration for a wide variety of flexible installations
BMT Ship & Coastal Dynamics (BMT) announced a new contract with the UK’s Marine Accident Investigation Branch (MAIB). BMT has installed its marine navigation and maneuvering simulator, Rembrandt and will provide ongoing specialized training
St. Johns Ship Building Inc. in Palatka, Fla. ensures watertight pipe penetrations in decks and bulkheads by using the Roxtec SPM seal. When building the tug Delaware, the shipyard also used the seal as vibration hanger in the compartments.