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Hyperion News

26 Feb 2024

Glamox to Light Up PGS’ Seismic Vessels

(Credit: PGS)

Lighting solutions specialist Glamox has won a contract from PGS to provide marine LED lighting for eight of its vessels that undertake seismic surveys of the seabed.This first phase of the major retrofit project will involve replacing fluorescent tube lighting with around 2,500 marine-certified LED luminaires fitted on the exterior and interior of the eight vessels.PGS’s switch to energy-efficient LED lighting is being driven by its desire to comply with emission reduction targets…

08 Sep 2023

Glamox to Install LED Lighting on Eight PGS Seismic Vessels

Credit: Glamox

Lighting solutions specialist Glamox has won a contract from the Norwegian marine seismic survey firm PGS to provide marine LED lighting for eight of its seismic data acquisition vessels.This first phase of the retrofit project will involve replacing fluorescent tube lighting with around 2,500 marine-certified LED luminaires fitted on the exterior and interior of the eight vessels. PGS’s switch to energy-efficient LED lighting is being driven by its desire to comply with emission reduction targets…

03 May 2021

Titan LNG to Build New Bunkering Barge

(Image: Titan LNG)

The Netherlands-based marine fuel supplier Titan LNG launched a tender for a new liquefied natural gas (LNG) bunkering barge to service the Zeebrugge and English Channel regions. The first delivery is expected to be fulfilled in 2023.The 4,200 cubic meter capacity vessel, to be named Krios, was designed by HB Hunte Engineering. It will operate with multiple tanks to segregate streams of LNG and bio-LNG, the sustainable carbon neutral fuel produced from biological waste streams.

13 Apr 2021

Israeli-owned Ship Attacked in Gulf of Oman -Reports

A commercial vessel owned by an Israeli firm was attacked off the coast of the United Arab Emirates in Gulf waters, pro-Iran media and an Israeli television channel said on Tuesday.Israel’s top-rated Channel 12 TV quoted unnamed Israeli officials as blaming arch-foe Iran for the assault and said there were no casualties.Two maritime security sources told Reuters that an Israeli ship was hit near the UAE’s Fujairah port resulting in an explosion but that there were no casualties.An Israeli Transportation Ministry spokesman said he was aware of the media reports but that he could not confirm them. There was no immediate confirmation from the UAE.The incident comes a day after Tehran accused Israel of sabotaging a nuclear site…

10 Oct 2018

OT&BE joins Hyperion Marine Engineering Group

Ocean Tug & Barge Engineering Corporation, a naval architecture and marine engineering firm specializing in AT/B or Articulated Tug/Barge design announced that it is now a member of the Hyperion Marine Engineering Group headquartered in Portland, Maine with offices in India, Dubai, Norway and the Netherlands.CT Marine & Buoyancy Consultants formed Hyperion three years ago recognizing a need for an integrated naval architectural & marine engineering firm to serve the inland and offshore tug and barge industry that incorporates a capability for conceptual through highly detailed production design, all under one corporate roof. With over seventy engineers who span the globe…

03 Jun 2018

Petroleum Geo-Services, TGS Wins Canadian Survey Contract

TGS and Petroleum Geo-Services (PGS) announce the commencement of a new 3D multi-client project in East Canada. The new Tablelands 3D Geostreamer survey will cover approximately 8,000 km² in an active Newfoundland area of the Flemish Pass and Orphan Basins. Acquisition is expected to complete in late Q3 2018. Following this eighth consecutive season of data acquisition offshore East Canada, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and approximately 36,500 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.

27 Feb 2017

Vestdavit mission accomplished on Ramform safety

Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipment keeping ships safely in service. Reckoned to be the widest monohulls at the waterline ever built, the Petroleum Geo-Services (PGS) vessels need a unique Vestdavit dual point boat handling solution to lift and lower tender boats in wave heights up to sea state 6. The boats work as Fast Rescue Craft with six crew, as tenders with 20 persons on board and as lifeboats with capacity for 40. Ramform Hyperion…

21 Jul 2016

PGS Revenue Slumps

Petroleum Geo-Services ASA reported revenue fall in their recently released Second Quarter and First Half 2016 Results. It logged a healthy MultiClient Sales and continues to undertake cost reductions. "With the gradual recovery of the oil price from its lows in early Q1, we are starting to see early signs of a stabilizing market and improving sentiment," observed Jon Erik Reinhardsen, President and Chief Executive Officer. "We believe that this has started to impact our MultiClient performance positively. The marine contract market is still characterized by very low pricing, but here too we see indications of more predictable patterns in customer survey planning and contracting processes.

09 Dec 2015

WCA Announces Leadership Changes

Dan March (Photo: WCA)

Dan March has been appointed Chief Executive Officer (CEO) of the independent forwarder network WCA, with founder David Yokeum becoming Chairman, and Ram Menen joining a new global Supervisory Board. Based in London, March, who has been WCA Communications Director for over five years, will oversee the day-to-day operations and work closely with Yokeum and the new non-executive Supervisory Board – comprising Eric Fady, Philip Bilney, and Jim Barnhart, as well as Menen. Yokeum, who founded WCA in 1998, will remain actively involved in overseeing the direction and strategy of the company.

17 May 2012

A Case for Commercial Nuclear Power Vessels, Post the Fukushima Daiichi Nuclear Disaster

Russian ice breakers. Contrary to the afore mentioned opinion, I believe that not only are selected-route nuclear powered commercial vessels good for the marine industry but they also offer the world the most environmentally friendly and potentially the most economical and efficient way of shipping trans-ocean cargo. Although the Fukushima Daiichi disaster was a disaster of major proportions, we must not forget that it was initiated by a much more deadly and destructive disaster; a tsunami caused by a magnitude 9.0 Richter scale underwater earthquake. The nuclear disaster that occurred at the Fukushima Daiichi complex was not caused by inherent problems with the reactor…

07 Mar 2011

BMT Fleet Technology To Develop “Green” Ship For The University Of Victoria

BMT Fleet Technology, of Ottawa, Ontario has announced its collaboration with the University of Victoria to design and deliver North America’s first ever hybrid, electric research ship. The vessel, formerly known as CCG Tsekoa II, will be used by the University as a research facility off the British Columbia (BC) coast to investigate changing coastal ecosystems, marine resources and continental shelf and slope dynamics. Funding in excess of $10 million has been provided by the Canada Foundation for Innovation, the BC Knowledge Development Fund and other partners, including industry.

25 Jan 2011

Navios Maritime Q4, Year End Results

Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the fourth quarter and year ended December 31, 2010. Ms. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "We are pleased to increase our cash distribution per unit for the fourth quarter. Ms. Frangou continued, "Overall, 2010 was a good year for Navios Partners. We grew the asset base substantially by adding 5 new vessels, all with long-term charters. At the same time, we reduced our leverage ratios. The Board of Directors of Navios Partners declared a cash distribution for the fourth quarter of 2010 of $0.43 per unit.

28 Jul 2010

Navios Maritime Partners Results for Q2 2010

Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the second quarter and six months ended June 30, 2010. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "I am pleased with our performance during the second quarter. We raised $92.3 million in the equity markets and purchased the Navios Pollux. The acquisition of the Navios Pollux increases the average charter coverage of our fleet to 4.4 years and reduces the average age of our fleet to 5.7 years. Throughout this release, EBITDA for the three and six months ended June 30, 2009 represents net income before interest…

28 May 2010

Navios Maritime Q1 Results

Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the first quarter ended March 31, 2010. Angeliki Frangou, Chairman and CEO of Navios Holdings stated, "I am pleased with our performance thus far in 2010. During a period of continued uncertainty, Navios Holdings created liquidity from the sale of three vessels and used the sale proceeds to increase its cash reserves and deleverage. Frangou continued, "We were pleased to announce that Navios Acquisition's shareholders approved the acquisition of a fleet of 13 product and chemical tankers. We believe that…

23 Feb 2010

Navios Reports Q4 Results

Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009. Angeliki Frangou, Chairman and CEO of Navios Holdings, said, "Our industry entered 2009 facing challenges virtually without precedent. The economic crisis required that Navios focus on its balance sheet, which we did by raising more than $1.3 billion in a mix of equity and long-term debt from the capital markets and commercial banks. Part of these proceeds were used to acquire seven capesize vessels, delivering in 2010, with secured cash flows for the next ten years. Shareholders protected from undue dilution - 14% dilution scheduled over a ten-year period.

13 Jan 2010

Navios Maritime Sells Hyperion

Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced that on January 8, 2010, it has sold the Navios Hyperion, a 2004 Japanese-built Panamax vessel with a capacity of 75,707 dwt to Navios Maritime Partners L.P. for $63m in cash. Navios Hyperion has been chartered out at a net rate of $32,300 per day until February 2010 and $37,953 per day until April 2014. Navios Holdings intends to use the proceeds from the sale of this vessel for operating purposes, such as repayment of indebtedness or reinvestment in vessels. (www.navios-mlp.com)

16 Dec 2009

McGahn President and COO of AMSC

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced that Daniel P. McGahn has been promoted to the position of President and Chief Operating Officer. In this role, McGahn will be responsible for AMSC’s day-to-day global operations. He will continue to report to AMSC founder and Chief Executive Officer Greg Yurek. McGahn joined AMSC in December 2006 as Vice President, Strategic Planning and Corporate Development. His primary initial objective was to set up and operate AMSC China. McGahn hired and developed the core AMSC China team, including AMSC China’s general manager, drove a strategic site selection process based on customer and supply chain requirements…

02 Oct 2001

Superyacht Support in Savannah

Intermarine Savannah's 21-acre shipyard can accommodate almost any need of today's technically-advanced megayachts. To its $60 million facility with the installation of a new T1 line offering direct Internet access for the world's largest yachts. This fast-paced access to the Internet is currently being utilized by one of the world's only, fully computerized sailing yachts, the Dutch-built Hyperion. The 155ft. Huisman sailing yacht is owned by Dr. Jim Clark, whose status in the computer world spearheaded the construction and design of this technology-oriented vessel. Recently arriving in Savannah for repair work, including haul out, centerboard and rig work…

24 Aug 2004

Lockheed Martin Consolidates Planning and Reporting With Hyperion

reporting system for its Maritime Systems and Sensors (MS2) group. financial planning and reporting across MS2's multiple lines of business. its planning and reporting time-consuming and inefficient. others -- and provide an integrated solution for planning and reporting. reports to more than 1,000 users at Lockheed Martin. locations. finance manager for Lockheed Martin. processes for planning and reporting. metrics that ultimately drive performance. users, who have varying requirements. analysis," said Airhart. January 2005 with additional enhancements into 2006.

30 Jul 2007

Woodside Natural Gas Announces MarAd Agreement

Woodside Natural Gas announced a commitment to U.S. staffing and flagging of its regasification ships for the proposed OceanWay natural gas project. This action was officially conveyed by Steve Larson, President of Woodside Natural Gas, to Sean Connaughton, Administrator of the U.S. Maritime Administration. OceanWay, a proposed project to provide an alternative source of much-needed natural gas to California, will be one of the cleanest, safest and most secure natural gas delivery systems in the world. OceanWay will use a ship and buoy system to deliver gas to California, unloading at two buoys more than 28 miles offshore, southwest of the Los Angeles Hyperion sewage treatment plant, and connecting into the existing gas network via undersea pipelines.

01 Mar 2007

Navios Announces New Long-Term Time Charters

Navios Maritime Holdings Inc. has secured two new favorable time charter contracts. For the 2004-built panamax Navios Hyperion, a 24-month charter commenced February 26, 2007, at a net rate of $26,268 per day, replacing a charter at a rate of $15,400 per day. 24-month charter commenced March 1, 2007, at net rate of $27,312 per day, replacing a charter at a rate of $21,175. of the Navios Hyperion into its owned fleet on February 26, 2007. purchase option price for this vessel was approximately $20.2 million. Navios Hyperion's current market value is estimated at $50.5 million. panamaxes, ten ultra-handymaxes and one product tanker).