TGS Shares Fall after Q2 Sales Disappoint
Shares of the world's leading provider of geoscience data to oil companies TGS fell by more than 6 percent on Thursday, after disappointing sales in the second quarter. TGS reported $108 million in quarterly revenues, 6 percent below consensus, and compared with $114 million in the second-quarter a year ago. "Part of the problem was that TGS failed to sell more in Brazil, where PGS and CGG did well, or in Mexico, where it had data in the wrong place or it was simply too expensive," Iver Baatvik at ABN-AMRO bank said. The so-called late sales of seismic data were down to $79 million from $84 million a year ago. Peers including Schlumberger, PGS and CGG all reported year-on-year growth in the second quarter.
Korean Shipyard Delivers Vroon Asphalt-Chemical Tanker
Dutch shipowners, Vroon B.V. The vessel was constructed at the Hyundai Mipo Dockyard, Ulsan, South Korea to ice-class requirements. Her sister vessel, Iver Brilliant, scheduled for delivery in July will be the last of 19 vessels constructed for Vroon at the Dockyard since 2005. In a ceremony held in Korea on 22 May, Iver Bright was named by Mrs Metos Delgado-van de Bospoort, wife of Mr Frans van de Bospoort, Managing Director Chemical, LPG & Product Tanker Group, DVB Bank. The vessel will be operated by Iver Ships B.V.
Tanker Operators To Join Forces
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part of the job," Iver CEO Hans Jorgen Firing said. "That's why we decided to become a bigger player in this market... so we could be one of the chosen few," he said. The fleet will operate anywhere between the Mideast Gulf and the U.S. West Coast.
Vroon Adds Twelfth Tanker
Dutch ship owner Vroon has confirmed the purchase of the MT ST Charlotte, a 2006-built bitumen/molten sulphur tanker. The vessel will be renamed Iver Ability and brings the total number of Vroon's bitumen tankers to twelve. A statement on Vroon's website said, "The vessel is currently on charter to Total for the carriage of molten sulphur and bitumen cargoes. Iver Ability will be marketed and operated from Iver Ships B.V. in Barendrecht, the Netherlands. Vroon operates and manages a diverse fleet of approximately 170 vessels.
'Leisure' Tugboat Sinks on Lake Union Berth
The 72-foot tug 'Iver' lies in approximately 16 feet of water after sinking at the pier at Mariner Properties on Lake Union near Seattle. Coast Guard Sector Puget Sound received notification from the vessel’s caretaker at 7:30 a.m., reporting that the Iver had sunk and that there was a fuel sheen in the water. The Iver is no longer used as a commercial tug and has been converted for private use. The owner told the Coast Guard that the tug is capable of holding up to 1,700 gallons of fuel, however, the exact amount on board is unknown at this time.
Denmark's Three New Frigates Terma Equipped
Terma has delivered radar, command control systems for the Danish Navy’s new fleet of frigates that are now preparing for operation. Denmark’s three new frigates in the Iver Huitfeldt-class, Iver Huitfeldt (F361), Peter Willemoes (F362), and Niels Juel (F363) have cruised together for the first time out of Denmark’s coast. Terma has delivered a number of mission-critical solutions for the Danish frigates, including the SCANTER 6000 radar. SCANTER 6000 ensures small target detection, surface surveillance and low airspace monitoring in all weather conditions.
OceanServer Awarded 2 New AUV Contracts
OceanServer Technology, Inc. has recently received AUV orders from NOAA and the University of Wisconsin for use in scientific research and mapping applications. The new order from NOAA represents the federal agency’s second Iver2 vehicle purchase. NOAA’s Chesapeake Bay Office is developing an operational capability to observe and monitor habitat restoration and quantify environmental conditions in restoration areas. The Iver AUV will play an important role in pre- and post-restoration…
Built to Fit
When Foss Maritime Company decided to regear tug Iver Foss, the choice to go with Lufkin paid off, as the company's replacement gears had been designed to fit perfectly in the space vacated by the gears being replaced. Marine owners and operators, like Foss Maritime Company, have always faced steadily rising repair costs and replacement problems, as a result of aging propulsion drives. In fact, some manufacturers' units are no longer in production, and are not commercially available. Many non-Lufkin units require new equipment be installed, because access to parts and service can be difficult for some older or discontinued models; however, parts and service continue to be available for all Lufkin drives.
Recent Vessel Sales: May 2017
Vessel sales for May 2017 (as of June 1) as prepared by Shipping Intelligence, Inc., New York.
NOAA Certifies More Printing Agents
The availability of paper "print-on-demand" nautical charts continues to expand, as NOAA's Office of Coast Survey has added three more printing companies to its roster of certified agents for paper charts. "The most recent printers to join the NOAA paper chart program represent the enduring connections between maritime tradition and progress," said Capt. Shep Smith, chief of Coast Survey's Marine Chart Division. "Companies with histories going back decades, and even centuries, support a firm foundation for the continuing production and delivery of U.S. Iver C. Weilbach & Co.
OceanServer Delivers AUV's to SC Marine Research
SC Marine Research SRL Takes Delivery of Two Iver2 AUVs. OceanServer Technology, Inc. has recently delivered two AUVs to SC Marine Research SRL located in Bucharest, Romania. Marine Research is a new and dynamic company devoted to the research of aquatic environments in and around Romania. The two IVER2 systems will initially be used to map the sea bottom around the Danube Delta located on the Black Sea. The purpose of this research is to identify and localize benthic habitats and document their characteristics.
AMEC Wins FPSO Contract Offshore Brazil
AMEC announced that it has been selected by Brazilian company QUIP to perform basic engineering services for the topsides of the P-63 floating production, storage and offloading (FPSO) vessel, to be operated on behalf of Petrobras, Brazil’s national oil company. The contract, the value of which has not been announced, begins immediately and will run until mid-2010. The P63 FPSO will develop the Papa Terra heavy oil field in the Campos Basin, offshore Brazil. The field is located about 68 miles (110 kilometers) off Rio de Janeiro in water depths of up to 3,940 feet (1,200 meters). “We are very pleased to continue our collaboration with QUIP and Petrobras,” said Terri Ivers, president of AMEC’s Houston-based oil and gas business.
California Polytechnic Orders Second Iver2 AUV
OceanServer Technology announced that Cal Poly has agreed to purchase a second Iver2 AUV for research purposes. The first Iver2 AUV was purchased in 2008 and has been used extensively for a variety of research applications including one project that required the vehicle to operate under the ice in the Arctic. The new vehicle will also be a multi use platform in a number of research efforts including marine life tracking (such as sharks). The EP42 vehicle will be outfitted with a DVL for precision navigation and acoustic current profiling…
More Orders for OceanServer Iver2 AUV
OceanServer Technology announced that it has received purchase orders for 12 new Iver2 AUVs from seven different customers during the last two months. Vehicle orders span four different defense related applications with the majority of these vehicles going to overseas customers. Research related vehicles will be delivered to Woods Hole Oceanographic Institute (WHOI), University of Michigan, YSI Environmental and the US Naval Research Laboratory. The University of Michigan will be taking delivery of their third Iver2 AUV…
Thirty-Four Foss Vessels Win Safety Awards
The Chamber of Shipping of America (CSA) presented the Foss vessels with Jones F. Devlin Awards at the Annual Safety Awards Luncheon held this year in New Orleans, Louisiana. The awards are given to self-propelled merchant vessels that have operated for two full years or more without a crew member losing a full turn at watch because of an occupational injury. Altogether, the Foss ships achieved the equivalent of 144 years without a lost-time injury. Foss Devlin vessels honored (and the number of years the ships have been injury free) were: American River (three years)…
Recent Vessel Sales: May 2015
Vessel sales for May 2015 (as of June 1) as prepared by Shipping Intelligence, Inc., New York.
New Book Examines DNV's 150-year History
Det Norske Veritas (DNV) began in 1864 as a small Norwegian classification society, and in the 150 years since, has grown into one of the world’s largest enterprises of its kind with the formation of DNV GL in 2013. As part of the group’s anniversary celebration, DNV GL launched a book entitled “Building Trust: the History of DNV 1864-2014,” telling the tale of the organization’s development throughout its 150-year history, drawing attention to the group’s sociological contributions through the years.
Grand Bahama Shipyard Stayed Busy in 2016
The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout 2016, with scope of works ranging from major steel fabrication and repairs, to engine and technical systems overhauls, hull treatment and tank cleanings. And looking to 2017 and beyond, the yard reports it has a healthy order book, with docking periods secured as far ahead as three years. VShips USA brought two bulk carriers, CSL Acadian and CSL Argosy, to GBSL to do tank cleaning on both vessels. CSL Acadian also received extensive pipe work.
A Boxed Set In Denmark Mine Warfare Capability Comes as a Boxed Set
The Danish Navy is the expert when it comes to flexible, modular combat capability. It created the StandardFlex modules for the Flyvefisken class of patrol vessels in 1995 that was built specifically to operate with the containerized modules. But Denmark is no longer facing a Cold War threat to its waters. Instead, it is assuming a broader role involved in international partnerships and coalitions. The Flyvefisken-class has been retired. Today, the new ships of the Danish Navy…
Trump's Navy: A Look at the Future US Navy
It’s still too early to know for certain what the new administration will do about building up the U.S. Navy, as the numbers are a moving target. But with President Trump’s recent pledge to add $54 billion to defense spending, it’s a safe bet to make that the fleet will grow. So let’s start with the numbers. There are different ways to count the fleet size, including whether or not you count auxiliaries, but let’s use this number as the baseline: There are 274 ships in the U.S. Navy now.