BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs
Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February it had signed an agreement with Priya Blue Industries yard in India to recycle the Cidade de São Vicente FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being recycled after reaching the end of their operational lives…
Daewoo Shipbuilding May Post Loss of Over US$4.6 Bln
Daewoo Shipbuilding & Marine Engineering Co. (DSME) is expected to log an operating loss of over 5 trillion won (US$4.4 billion) this year, up by some 1 trillion won from previous forecasts, reports Yonhap. The outlook follows a recent audit by the state-run Korea Development Bank (KDB), the main creditor of the troubled company, which has revealed additional losses from overseas branches, according to the sources. The South Korean government has suspended a push for creditors to bail out DSME after this huge estimated losses to a canceled order and rising costs in the industry. The cash-strapped shipbuilder will only get another lifeline only if it comes up with a radical restructuring plan and workers undertake in writing to back the plan.
Bayport Dredging a Step Closer; Barbours Cut Pending
The U.S. Army Corps of Engineers has furnished the Port Authority its draft permit for the Bayport Channel Improvement project, Executive Director Roger Guenther reported to the Port Commission of the Port of Houston Authority today. The draft permit for Barbours Cut channel dredging will follow soon, he said. The projects at the Port Authority’s two container terminals, which will deepen the channels from 40 feet to 45 feet to match the depth of the Houston Ship Channel, are expected to begin shortly. Reporting on a recent Audit Committee meeting, Port Commission Chairman Janiece Longoria said the financial statement audit of the Port Authority for the fiscal year ended December 31…
InterManager Urges Calm over Possible Filipino Officer Ban
Ship managers should put in place sensible contingency plans to guard against a worst-case scenario should Filipino officers potentially find themselves banned from working on EU-flagged vessels. This follows concerns raised by the European Maritime Safety Agency (EMSA) over the ability of the Philippine Maritime Administration to fully and effectively implement all provisions of the STCW Convention. This call by InterManager is intended to put perspective on anxieties about what the EU may ultimately decide with regard to the results of EMSA’s most recent audit of the Philippines in October 2013. Meantime, the Philippine Government…
Fendercare Marine IMCA Acredited
Following a recent audit, Fendercare Marine receives International Marine Contractors Association (IMCA) accreditation. MCA is the international trade association representing offshore, marine and underwater engineering companies. It is a respected voice around the world promoting good practice, particularly in the areas of health, safety and environmental standards, quality and efficiency and technical standards. Fendercare Marine Diving Operations Director, Bob MacMillan said “IMCA Accreditation is very important to us. Fendercare Marine provides an extensive range of diving services and equipment for sale or hire. The company’s own diving teams are trained and experienced in a wide range of techniques and procedures and are also a member of the Association of Diving Contractors.
