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David Price News

09 Jun 2022

Ship Fuel and Lube Costs Are Skyrocketing

© jsp / Adobe Stock

The $300 billion bunkering market is at a critical juncture due to the double whammy of the geopolitical crisis and the uncertainty surrounding the regulatory framework pertaining to the decarbonization of the shipping industry.“Bunkering has been hit from the trickledown effect of the sanctions against Russia, and this of course has had a serious impact on prices. Pre-war, the global prices were around $750-$850 per ton, and now we are looking at prices above $1,000,” said Alexander Prokopakis…

20 Sep 2012

Vibration Mitigation on Fast Craft

The professional maritime sector recognizes the need to reduce the effects of Whole Body Vibration (WBV) but this is not a straightforward process for those operating planing craft. These vessels can expose crews and passengers to high levels of repeated shock and vibration which has been shown to increase the risk of injury. In flat sea conditions there is vibration from the engine, gearbox and shaft but the crew and passengers are not exposed to harmful vibration. All fast boat operators know that waves change everything.

14 May 2002

Rolls-Royce Uses E-Commerce With Defense Customer

Rolls-Royce has become the first company to trade with the UK Ministry of Defense on a new e-business system. The company took an order for submarine mechanical spares using a new interconnection, which links the Ministry's Defence Electronic Commerce Service (DECS) and the Exostar trading portal, allowing seamless transactions between suppliers and the Ministry. David Price, Managing Director - Naval Marine for Rolls-Royce said: "Rolls-Royce has actively supported the creation of this platform, the first web exchange link to DECS, and we are delighted to be the first company to transact on it. This marks another step in our overall objective to reduce procurement costs, increase design collaboration and work more effectively with customers, partners and suppliers.

14 May 2002

Rolls-Royce Sets a First in Defense e-commerce

Rolls-Royce has become the first company to trade with the U.K. Ministry of Defense on a new e-business system. The company took an order for submarine mechanical spares using a new interconnection, which links the Ministry's Defence Electronic Commerce Service (DECS) and the Exostar trading portal, allowing seamless transactions between suppliers and the Ministry. David Price, managing director - Naval Marine for Rolls-Royce said: "Rolls-Royce has actively supported the creation of this platform, the first web exchange link to DECS, and we are delighted to be the first company to transact on it. This marks another step in our overall objective to reduce procurement costs, increase design collaboration and work more effectively with customers, partners and suppliers.

15 Jun 2000

A Quality Blend

A recent clutch of 'Rolls-Royce' shipboard equipment and technology contracts in Norway arising out of specialized, capital-intensive newbuild projects testified to the U.K. group's march into the commercial marine domain. For sure, the emergence of the engineering group's name in new mercantile circles is the outcome of last year's acquisition of Vickers, and its Vickers-Ulstein Marine division, rather than the result of U.K. home-grown product diversification. But the new proprietor of the former Ulstein and Vickers' interests intends to build on the platform and integrated system opportunities offered by ownership of the industry's most extensive global network of marine equipment production.

20 Feb 2001

Capesize Rates Bounce Back

Freight rates for Capesize bulk carriers are bouncing back from a 15-week dive, as Japanese steel producers rush for ships to carry coal and iron ore cargoes bought at last year's prices. "Japanese buyers would have taken contracts for 2000 with options for additional cargoes of iron ore and coking coal," said one London broker. "The sudden rush for ships to carry those cargoes has put upwards pressure on freight rates," he added. He said producers of iron ore and buyers were miles apart in negotiations over 2001 contracts. London shipbroker SSY's Capesize Index showed a sudden reversal in the direction of rates, with the Atlantic Index gaining 75 points in the week ending Monday to reach 4,498.

21 May 2007

AAPA Lauds House Appropriations Subcommittee

Responding to the inclusion of $400 million for port security grants in the mark-up of the fiscal 2008 Homeland Security Appropriations bill last Friday, American Association of Port Authorities (AAPA) President and CEO Kurt Nagle praised the House Appropriations Subcommittee on Homeland Security and its chairman, Rep. David Price (D-NC), and ranking member, Rep. Hal Rogers (R- KY). "As handlers of most of America's vast international cargo trade, public ports are often our first line of defense against terrorism," said Mr. Nagle. Nagle noted that, while funding for port security has been on the increase in the years following 9/11, this year Congress is making port security a priority.

05 Mar 2002

Rolls-Royce Appoints New President for Naval Marine Inc.

Rolls-Royce announced the appointment of Patrick Marolda as president of Rolls-Royce Naval Marine Inc. effective immediately. In this role, Marolda will develop and implement the North American business strategy for the Rolls-Royce Naval Marine business. He will be based at the Rolls-Royce Naval Marine Inc. headquarters in Walpole, Mass., with an additional office in Chantilly, Virginia, corporate headquarters for Rolls-Royce North America. He will report to James M. Guyette, President and CEO, Rolls-Royce North America as part of the North American management structure and receive business direction from David Price, managing director, Rolls-Royce Naval Marine. University in Washington DC.