ABS Nautical Signs 30 New Contracts, Doubles Staff
ABS Nautical Systems, provider of integrated fleet management software for the maritime industry, announced it has experienced record growth in the second half of 2009. During that period, which began with the launch of the Newbuild Program, ABS Nautical Systems has expanded their business by signing 30 new contracts in just 26 weeks. ABS Nautical Systems expects to continue its momentum and forecasts even stronger growth in 2010. “By integrating our ship maintenance software with the classification and survey requirements of ABS, we will have the ability to streamline the owners’ inspection process and move towards developing a more standardized, class-approved maintenance program,” said Karen Hughey, President and COO of ABS Nautical Systems.
ABS NS Inks Three New Deals
Tuofo Shipping Management Limited will implement the Hull Inspection, Maintenance & Repair and Energy & Environmental modules on two of their newly built tankers. Without a current system in place, the Fujian-based company was looking for a proven solution for fleet management. Sloman Neptun, a tanker company based in Breman, Germany will utilize the Hull Inspection and Maintenance & Repair modules on three of their newly built chemical tankers and will also install the Drawings Management module in their central office location.
ABS Nautical Systems Continues Growth in Greece
AB Maritime, Inc. a bulk carrier company based in Piraeus, Greece, will implement ABS Nautical Systems’ NS5 Enterprise fleet management software. The contract includes six vessels, two of which are ABS-classed newbuilds that qualify for free software licenses under the ABS Newbuild Program. The company will also implement Hull Inspection, Maintenance & Repair, HSQE, Purchasing & Inventory, Crew Manager and Vetting on all six vessels. AB Maritime, Inc. is currently using another system to manage their vessels; however they believe that the NS5 Enterprise platform will provide the flexibility they require to handle their requirements going forward. National Energy Transportation S.A.
China Shipyard Delivers Double-hull Bunker Tanker to AMPN
Aegean Marine Petroleum Network Inc announce that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company's market in West Africa, represents the final vessel under Aegean's plan to take delivery of 31 double-hull bunkering tanker newbuildings. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Symi and complete our fully funded newbuild program, a major milestone for our Company.
Hornbeck to Spend $265M on New Boats
Hornbeck Offshore Services, Inc. announced a new vessel construction programs for each of its two business segments, making it the company's fourth OSV newbuild program and second tug and tank barge (TTB) newbuild program. Hornbeck is seeking bids from domestic shipyards for the two programs. Based on internal estimates, the incremental cost of the two expansion programs is expected to be approximately $265 million in the aggregate. The precise number of vessels to be constructed and their specifications will be finalized as certain milestones are completed, including the negotiation of shipyard contracts. Construction costs related to these two programs will be funded…
ABS Nautical Systems Signs Caspian Drilling Company
Caspian Drilling Company, based in Azerbaijan, will install ABS Nautical Systems’ NS5 Enterprise software on four of its drilling rigs. Three of these rigs will take advantage of the ABS Newbuild Program and the Transfer of Class Agreement Initiative (TOCA)* by implementing the Hull Inspection and Maintenance & Repair modules. A Survey Planning Document will be prepared for each of these rigs as well. Utilizing these offerings represents a savings of over $300,000 in software licenses, database development and consulting services.
Jones Act OSV New-build Program Expanded by Hornbeck Offshore
Hornbeck Offshore expands OSV new-build program, anounces retrofits & other related developments. The Company has exercised the first four of its 48 options to build additional HOSMAX vessels at an aggregate incremental cost of approximately $180 million, excluding construction period interest, for vessel deliveries in the fourth quarter of 2014 and first quarter of 2015. These four new vessels will expand the Company's fifth OSV newbuild program, which was announced in November 2011…
CSL St-Laurent on Maiden Voyage
The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set sail on her maiden voyage on December 13. She departed at 20:00 CST from Yangfan shipyard on Zhoushan Island, China, en route to Canada where she is set to operate throughout the Great Lakes and St. Lawrence River. The vessel is commanded by Captain Kevin Crouse and Chief Engineer Paul Beaudet, and is expected to take approximately 50-60 days to complete her voyage.
Chesapeake Shipbuilding Expands Design Department
Chesapeake Shipbuilding of Salisbury, Md., is expanding its design department and is actively seeking two naval architects and one marine engineer to add to its design team. The design office provides engineering and technical support for the company’s newbuild program and fleet operations. Chesapeake Shipbuilding’s design team undertakes design projects from conceptual design to detailed practical design and commissioning.
Hornbeck 3Q Results
• Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the third quarter ended September 30, 2008. Third quarter 2008 revenues increased 15.2% to $109.1 million compared to $94.7 million for the third quarter of 2007. Operating income was $52.6 million, or 48.2% of revenues, for the third quarter of 2008 compared to $44.9 million, or 47.4% of revenues, for the prior-year quarter. Net income for the third quarter of 2008 was $33.5 million, or $1.24 per diluted share, compared to $28.9 million, or $1.09 per diluted share in the year-ago quarter. EBITDA for the third quarter of 2008 was $65.5 million compared to third quarter 2007 EBITDA of $54.3 million.
Overseas Shipholding to Sell Tankers
Overseas Shipholding Group, Inc. for net proceeds of approximately $168 million. tankers that are being built at the New Times Shipbuilding Co., Ltd. shipyard in Jinjiang, China. the older vessels sold. subject to the satisfaction of standard vessel sale closing conditions. between the middle of July 2006 and the middle of August 2006. sales. Alpha and the Phoenix Beta, each for three-year periods. quarter. asset management and fleet modernization programs. newbuild program includes 26 vessels across its crude, products, U.S. 2006 and 2010. tankers announced today. respectively, as of April 1, 2006.
Formosa Plastics Marine Selects ABS Nautical Systems
ABS Nautical Systems announced that its fully integrated asset management software suite NS5 has been selected for trial by Formosa Plastics Marine Corp. (FPMC), part of the Formosa Plastics Group - the only privately owned Taiwan oil refinery and the second largest gasoline and gasoil producer in Taiwan. This new relationship marks the entry of ABS Nautical Systems into the Taiwan market and continues its expansion throughout Asia. FPMC will evaluate several modules from the NS5 software suite through the ABS Newbuild Program including Maintenance & Repair, Hull Inspection and Drawings Management. When making a decision to assess ABS Nautical Systems’ offerings, FPMC was particularly interested in the software’s capability for class integration with the ABS Eagle Survey Manager program.
NOL Group Signs Contracts for Containerships
NOL Group confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest vessels. The confirmation follows the Group’s announcement on June 15 that it had signed letters of intent with both shipyards for its $1.54 billion newbuild program. * Upgrade of ten 8,400-TEU vessels to 9,200-TEU vessels with Daewoo Shipbuilding & Marine Engineering Co. Singapore-based NOL also announced that it had agreed to charter five of the newly ordered 14,000-TEU container vessels to alliance partner, Mitsui O.S.K. Lines (MOL) when they are delivered in 2013 and 2014.
ABS Nautical Systems Signs New Contracts
Pacific Drilling Services, Inc. has signed a contract with ABS Nautical Systems to implement the NS5 Enterprise Hull Inspection module on four of its drill ships through the ABS Offshore Newbuild Program. The Houston based company will also receive Survey Planning Documents for each drill ship. The primary intent of this document is to identify areas of the hull structure that are to be surveyed, which can then be used as a means for maintaining compliance with classification. Pacific Drilling Services will utilize these tools on their newest drill ships, laying the foundation for sound hull integrity for the entire service life of their vessels.
Aegean Marine Gets New Bunkering Tanker
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it has taken delivery of the Tilos, a 5,500 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is being deployed to Singapore to support the company's existing bunkering operations in this market. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Tilos. In deploying this new double-hull vessel to Singapore, we have ensured our ability to meet the needs of our customers in the largest bunkering market in the world after having chartered some of our vessels to top counterparties. As we continue to expand our high-quality logistics infrastructure and meet the demand for modern tonnage…
ABS Nautical wins Two More Clients
ABS Nautical Systems Sign Two New Customer in Greece. ABS Nautical Systems has signed contracts with TMS Bulkers Ltd. and TMS Dry Ltd. for use of its NS5 Enterprise software. The Greece based bulk carrier operating companies for the TMS group were both looking to improve the machinery and structural assessment programs that are already in place. Both companies will implement the Hull Inspection and Maintenance & Repair software through the ABS Newbuild Program, which offers free software to ABS-classed vessels built after 1 January 2009.
ABS Nautical Systems Signs Two New Contracts in Greece
ABS Nautical Systems has signed two new contracts in Greece with Petrochem General Management S.A. and Opera S.A. for use of its NS5 Enterprise software. Both companies will take advantage of the ABS Newbuild Program which offers free software to ABS-classed vessels built after 1 January 2009. Petrochem General Management S.A. will implement the Hull Inspection module on seven of its chemical carriers. The Piraeus-based company was looking for a more user-friendly software solution…
ABS Nautical Systems Signs New Contact in Malaysia
Saujana Marine Sdn Bhd has signed an agreement for the use of ABS Nautical Systems’ NS5 Enterprise software on two of their 300 pax accommodation barges. Based in Malaysia, Saujana Marine SDN BHD is an integrated marine support service company for the Oil & Gas industry. The company will implement the Maintenance Manager and Drawings Management modules through the ABS Newbuild Program, which offers free software to ABS-classed vessels built after 1 January 2009. The Maintenance Manager software provides Saujana Marine SDN BHD the ability to track vessel maintenance trends including repair history, work orders, service requisitions, while Drawings Management allows access to an electronic library of vessel-specific drawings, images and documents.
ABS Nautical Systems Inks Contracts in Greece
ABS Nautical Systems has signed two new contracts in Greece with Millenia Maritime Inc. and TMS Tankers Ltd. Both companies will benefit from the ABS Newbuild Program which offers free software to ABS-classed vessels built after 1 January 2009. Millenia Martime Inc. will be installing the Hull Inspection and Maintenance & Repair modules from the NS5 Enterprise software suite on nine of its ABS-classed chemical carriers as a way to test a potentially more user-friendly system.
More Newbuilds for Eagle Bulk Shipping
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of two additional vessels, Thrasher and Avocet, from its newbuild program. The addition of these two vessels brings Eagle Bulk's total on-the-water fleet to 32 vessels. The Thrasher and Avocet have each entered into nine year time charters. The rate for each charter is $18,400 per day through February 2016 and March 2016 respectively; thereafter the contracts convert to a profit-sharing charter with a base rate of $18,000 per day. In aggregate, the Thrasher and Avocet will each contribute approximately $59m in minimum contracted revenue.
ABS Expands in Europe with Three New Contracts
ABS Nautical Systems signed three new contracts for use of its NS5 Enterprise software with Central Mare Inc., Consolidated Marine Management Inc. and C. Transport Maritime S.A.M. Athens-based, Central Mare Inc. plans to utilize the Energy & Environmental Manager, Maintenance Manager and Hull Inspection modules on two of its ABS-classed newbuilds. Consolidated Marine Management Inc., based in Piraeus, will implement the Energy & Environmental Manager and Hull Inspection modules on four of its ABS-classed newbuilds, as well as an additional vessel that transferred its class to ABS. C Transport Maritime S.A.M., based in Monte Carlo, Monaco, will implement the Energy & Environmental Manager and Hull Inspection modules on seven of its ABS-classed newbuilds.
LEEVAC Launches First PSV for Tidewater
On Tuesday, January 27, LEEVAC Shipyards Jennings, LLC launched hull 367, a platform supply vessel (PSV) designed by LEEVAC Design Services, LLC (300 DE-52 HAB PSV). Hull 367, the first of a two-vessel newbuild program for Tidewater Marine, is LEEVAC’s first launch in 2015, a year that marks the company’s 50th anniversary. The vessel is 300 ft. x 62 ft. x 24 ft. deep, has a diesel-electric plant, accommodations for 52 persons, and is ABS Classed A1 AMS, ACCU, OFFSHORE SUPPORT, DP-2, FiFi-1, HAB (WB), UWILD ENVIRO and GP will be certified for worldwide operations.
Intermarine Acquires Heavy Lift Ship
Project, breakbulk and heavy lift cargo transporter Intermarine, LLC added a heavy lift ship, Industrial Grace, to its fleet. Industrial Grace is a P2 type vessel - 19,450 dwt super heavylifter with two 700-ton cranes for a combined 1,400 ton lifting capacity. The ship recently underwent its five-year dry-docking in Bremen, Germany, and has joined the fleet as of August 10. Industrial Grace is the fourth G-Class ship to enter Intermarine’s “Fleet of the Future” in 2015, following the Globe, Grand and Glory.