DNV Launches Class Notation for Enhanced Tailshaft Condition Monitoring and Performance
With its TMON(Oil lubricated, +) notation, DNV said it becomes the world’s first classification society to provide a qualified notation that adds another dimension to propeller shaft and bearing condition monitoring.The new notation serves to further minimize propulsion safety risk and prevent costly equipment failure, building on the benefits of the existing TMON class notation. Current DNV class notations TMON(Oil lubricated) and Shaft align are pre-requisites to meet the requirements for assignment of TMON(Oil lubricated…
“Safe Container – Steering Changes” – SOLAS Amendment
With the SOLAS Convention now requiring container weight verification from 1st July 2016 onwards following the amendment approved by the International Maritime Organization (IMO) last November, the Company of Master Mariners of India (CMMI) jointly with the Indian Maritime Administration conducted a Conference on “Safe Containers Steering Changes” on 10th December at The Lalit, Mumbai. The objective of the conference being to bring together various stakeholders in the container supply chain and provide an opportunity for an in-depth understanding of the different issues and their implications. Deepak Shetty, the Director General of Shipping and Additional Secretary, Government of India, stated that the Indian Maritime Administration was totally prepared to implement the new requirement.
Marine Salavage: Responder Immunity Benefits a Responsible Party
Putting to rest the fears and misconceptions about what responder immunity means and what it will eventually do. It’s all good. As many in the response industry, and in many cases the marine industry in general appreciate, there has been an extended effort to enact an enhanced responder immunity regime following the lessons learned from the Deepwater Horizon incident. It is hard to believe that we only recently observed the fourth anniversary of this unfortunate incident. And…
Transocean Reports Q1 2011 Results
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today reported net income attributable to controlling interest of $310 million, or $0.96 per diluted share, for the three months ended March 31, 2011. The results compare to net income attributable to controlling interest of $677 million, or $2.09 per diluted share for the three months ended March 31, 2010. $38 million of net charges primarily related to discrete tax items. First quarter 2011 results also included expenses associated with the Macondo well incident of $23 million, $19 million after tax, or $0.06 per diluted share.
Tsakos Energy Navigation 1Q 2009 Profits
Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) reported results (unaudited) for the first quarter ended March 31, 2009. Revenue, net of voyage expenses and commissions, was $106.14 million in the first quarter of 2009 as compared with $115.67 million in the same quarter of 2008. TEN deployed an average of 46 vessels in the first quarter of 2009 versus 43.1 in the 2008 period. The average daily time charter equivalent (TCE) rate was $27,495 versus $31,387 in the first quarter 2008 (TCE is voyage revenue less voyage expenses). Fleet utilization was 98.5% almost unchanged from 98.3% in the first quarter of 2008. Vessel operating expenses per ship per day increased to $9,355 compared with $8,969 in the first quarter of 2008.
TEN Announces 1Q Results
Tsakos Energy Navigation Limited (TEN) reported unaudited 1Q results (first quarter ended March 31, 2009) which showed that while revenues dropped, profits remained. This marks the company’s 62 consecutive quarter reporting a profit. Revenue, net of voyage expenses and commissions, was $106.14 million in the first quarter of 2009 as compared with $115.67 million in the same quarter of 2008. TEN deployed an average of 46 vessels in the first quarter of 2009 versus 43.1 in the 2008 period. The average daily time charter equivalent (TCE) rate was $27,495 versus $31,387 in the first quarter 2008 (TCE is voyage revenue less voyage expenses). Fleet utilization was 98.5% almost unchanged from 98.3% in the first quarter of 2008.
