New Generation of Multibeam Sonars from WASSP
Multibeam sonar manufacturer WASSP Ltd has announced details of the company’s latest range of multibeam sonar’s, now for all commercial applications. “Although WASSP was originally designed for commercial fishing, when the company first started promoting WASSP globally in 2006 most of the interest came from scientists and surveyors mainly because WASSP multibeam sonar technology was such a new concept to the commercial fishermen compared with the split-beam or single beam sonar traditionally used in this market,” says ENL Group CEO Gareth Hodson.
The New Generation of Multibeam Sonars from WASSP
Multibeam sonar manufacturer WASSP Ltd has announced details of the company’s latest range of multibeam sonar’s, now for all commercial applications. WASSP Ltd parent company, ENL Group has invested in the new range to strengthen its number one position in the commercial fishing sector and also to build a product tailored to the survey and workboat market with new features and functions. “Although WASSP was originally designed for commercial fishing, when the company first started…
WASSP Appoints New General Manager
WASSP Ltd has announced the expansion of the company’s senior management with the appointment of Ian McDonald as General Manager. The role is a newly created position and will see Mr McDonald overseeing WASSP’s international sales & marketing strategy for their multibeam sonar products. Originally from Glasgow, Scotland, Mr McDonald has vast experience in the marine and offshore sector and has worked with over 300 technology and life science companies and research institutions in the UK and around the world.
WASSP Multibeam Sonar Aiding in Rena Salvage
A WASSP Multibeam Sonar is being used by hydrographic surveyors at the grounding of the 236m-cargo vessel MV Rena on the Astrolabe Reef off the coast of New Zealand, to locate lost containers. Marine electronics manufacturer WASSP Ltd, a world leader in multibeam sonar technology has provided one of their WASSP sonar systems for the salvage effort. Within 48 hours of the WASSP arriving in Tauranga, it had been used to identify 12 targets, 7 of which were submerged containers…
WASSP Goes Wireless with New Remote Mapping System
Award winning multi-beam sonar manufacturer WASSP Ltd. debuted its latest system – now for super yacht applications. WASSP-Wireless has been designed to address superyacht captains’ concerns about underwater obstacle avoidance, hull damage or grounding the vessel. Suited for use when navigating in unknown waters or where marine charts lack sufficient detail, WASSP-Wireless aims to take the risk out of the equation for the captains of these very large and very expensive vessels.
WASSP Goes Wireless with New Remote Mapping System
Multi-beam sonar manufacturer WASSP Ltd . debuts its latest system – now for super yacht applications. WASSP-Wireless has been designed to address one of super yacht captains biggest concerns; underwater obstacle avoidance. Ideally suited to use when navigating in unknown waters or where marine charts lack sufficient detail, WASSP-Wireless helps takes the risk out of the equation for the captains. Installed in the tender or support vessel of a super yacht, the WASSP-Wireless system…
FURUNO and Electronic Navigation Join Forces
Electronic Navigation Ltd (ENL), New Zealand’s largest marine electronics company and the developer of the WASSP sonar, and FURUNO Electric Co., Ltd of Japan, a manufacturer in the global marine electronics industry, are joining forces. In a joint announcement ENL and FURUNO have announced that FURUNO will take an initial 10% shareholding in ENL and its wholly owned subsidiary WASSP Ltd. This investment reflects not only ENL’s and FURUNO’s near 50-year relationship with ENL representing…
FURUNO of Japan Increases Investment in ENL
ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The new level of investment is an increase from the initial 10% announced in July 2014. ENL, founded in 1945, has an impressive and unbroken 70-year history in the marine electronics industry. The company has also represented FURUNO in the New Zealand market for over 50 years. ENL manufactures WASSP, their award winning multibeam sonar system…
MOL's PBCF Reduces 3-5% in Fuel Consumption
Mitsui O.S.K. Lines (MOL) announced that its jointly developed Propeller Boss Cap Fins (PBCF) received the 2017 Nikkei Global Environmental Technology Award, which is presented by Nikkei Inc. The PBCF, which is a device that improves propeller efficiency by breaking up the hub vortex generated behind the rotating propeller and offers an energy savings of around 3-5% compared to similar vessels not equipped with the PBCF, was co-developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Nakashima Propeller Co., Ltd. (called Mikado Propeller Co., Ltd.
Japanese Shipbuilders Warned Over Bid Rigging
According to a report from the Kyodo News Service, eight shipbuilders were warned by the government's competition policy watchdog over alleged bid rigging on defense contracts. The Fair Trade Commission (FTC) said it issued the warning over what it deems were acts to unfairly restrict competition for contracts from the Maritime Self-Defense Force (MSDF) concerning the force's fleet between fiscal 1996 and fiscal 1999. The eight are Mitsubishi Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., Sumitomo Heavy Industries Ltd., Hakodate Dock Co., Mitsui Engineering & Shipbuilding Co., NKK Corp., Sasebo Heavy Industries Co. and Hitachi Zosen Corp.
IOC to Lift U.S. Crude for December Delivery
Indian Oil Corp, the country's largest refiner, has bought two new types of U.S. crude for December delivery as it tests different grades from the United States, trade sources said on Tuesday. IOC bought 1 million barrels each of U.S. Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity. The purchase was in addition to 2 million barrels of Basra Light crude to be delivered in the same month. The United…
Genco Opens Singapore Office
Genco Shipping & Trading Limited said it has opened an office in Singapore and has appointed Ivo Kempenaer as Vice President and Commercial Director, Head of Major Bulks. “Genco continues to take important steps to optimize our commercial strategy and enable the company to more fully capitalize on its leading and sizeable operating platform. We are excited to establish a Singapore presence and grow our footprint globally, supporting our efforts to offer a full-scale logistics solution and strengthen relationships with leading iron ore producers and charterers worldwide.” John C.
Keppel Hitatchi Buys Keppel Marine Shiprepair, Shipbuilding Business
Keppel Hitachi Zosen Ltd. has reportedly agreed to buy Keppel Marine Industries Ltd.'s shiprepair and building business for $98.9 million in cash. Keppel Hitachi said it would acquire all of Keppel Marine's investments in Keppel Singmarine Dockyard Pte Ltd., Eagle Engineering Pte Ltd., Keppel UAE-Investment Pte Ltd., Keppel Philippines Marine Inc., and Penguin Boat International Ltd.
Keel Laying Ceremonies Held at Dempo Shipbuilding
The keel laying function for a 2000 DWT barge (Yard No 356 & 357) for M/s M Pallonji & Cooperation Pvt Ltd, Mumbai, was held at Dempo Shipbuilding & Engineering Pvt Ltd, Baiguinim, Old Goa. The pooja was performed by Mr Yatish S Dempo, Director, Dempo Shipbuilding & Engineering Pvt Ltd. Among the dignitaries present were Mr Hariharan, Principal IRS Surveyor, Mr B T Boke, General Manager (Human Resource) Dempo Company and Mr Sanjeev A Kanekar, Deputy General Manager. Meanwhile, the keel laying function for 2200 DWT Barge (Yard No 369 & 370) for M/s Adani Exports Ltd, Ahmedabad was held on Monday (May 22) at Dempo Shipyard Pvt Ltd, Bandora, Undir, Ponda.
St Helena Line Seeks Buyer for Vessel
St Helena Line has announced that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena from service in February 2018 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale. Operated by St Helena Line Ltd (SHL) on behalf of the St Helena Government (SHG), the RMS has been part of the Island’s history for over quarter of a century and provided the sole regular means of access to the Island, a remote UK Overseas Territory located 1200 miles off the West coast of Africa in the South Atlantic. She was built in the UK in 1990 specifically for the St Helena route.
Insurance Market To Back Reform
The International Underwriting Association, Lloyd's and the Lloyd's Insurance Brokers' Committee have unveiled a jointly agreed program to reform business processes in the London insurance market. More than 350 organizations that form the market - insurance and reinsurance companies, Lloyd's syndicates and brokers - will now be asked to sign up to a document indicating support for the principles of the program. The report, London Market Principles 2001 (LMP2001), is based on a consultation document published in May, amended to accommodate the extensive feedback received. Ownership of the reforms extends widely across the market, with the common aim to improve customer service, speed up the way the market operates, and create long-term cost savings.
Industry Leaders Elected To ABS Membership
Sixty-Nine prominent shipping industry executives have been elected as new members of ABS. In addition, Rear Admiral David L. Brewer III, Commander, Military Sealift Command, U.S. Navy, was appointed as a member. This brings the ABS worldwide membership to 803. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. M.A. Marcelo P. S.A. Ghazi A. Al-Ibrahim, President, Mideast Shipmanagement Ltd. Giovanni Barbaro, Owner, Pietro Barbaro S.p.A. S.p.A. Giuseppe Bottiglieri, Managing Director, Bottiglieri Di Navigazione, S.p.A. Jae Cheol Byun, President, JSM International Ltd. Dr. Mauro Fernando Orofino Campos, President, Petroleo Brasileiro S.A.
Coastal Tanker Work Drives MMS Business
The coastal tanker industry has been one of MMS Shiprepair’s (Hull) largest contributors during recent weeks, ships including Everard’s 3,778 dwt Asperity, and 3,778 dwt Audacity. The offshore industry has also been a contributor - the 3,115 dwt Safe Truck, this is owned by Sea Truck Ltd, Sutton UK and the 1,336 dwt Toisa Crest, owned by Toisa Ltd, in Hamilton. Also recently at the yard is the 1,308 dwt salvage tug Anglian Monarch this vessel is owned by Klyne Marine Services Ltd, Lowestoft and two dredgers - the 5,872 dwt Arco Beck, owned by Hanson Civil & Marine Ltd, Southampton and the 197 grt Sea Horse, which is owned by Crowley Marine Services Inc, Seattle. Recent projects have involved the 1,370 dwt Trobo, which is owned by Paul Wilson & Co.
New Alliance Forms UOCC
United Overseas Tankers Ltd. (UOT), a General Maritime Corporation wholly-owned subsidiary, has entered into a alliance with Columbia Shipmanagement Ltd. to provide crew management services for all of General Maritime's vessels. The alliance will be named United Overseas Columbia Crewing Ltd. (UOCC) and will be responsible for such services as crew recruitment, training, payroll and quality control management. John P. Tavlarios, President and Chief Executive Officer of General Maritime Management LLC, commented, "The formation of United Overseas Columbia Crewing Ltd. is a further extension of our commitment to maintaining operational excellence. Through the relationship with Columbia Shipmanagement Ltd.
Deltamarin, Shandong New Shipbuilding Create Joint Venture Company
The Finnish private-owned company Delta-Sigma Ltd (owner of Deltamarin Ltd and Deltamarin Contracting Ltd) and the Chinese state-owned company Shandong New Shipbuilding Heavy Industries Co., Ltd have established a joint venture company to provide technical and engineering services to Chinese shipbuilding and marine industry market. The new company is called Shandong Deltamarin Ship Design Co., Ltd, and its office is located in Weihai City, Shandong Province. The company will start working with personnel of 30 people, majority of them coming from the engineering department of the shipyard. In the beginning most of the engineering will be provided to the local shipyards but in the next coming years the number of personnel will rise to about 100 as the market expands.
Shipbrokers, Oil Brokerage House Form Freight Forwards
BraemarTankers Ltd., Galbraith's Ltd., E.A.Gibson Shipbrokers Ltd., PVM Oil Associates Ltd. and Seascope Shipping Ltd. have formed Global Freight Forwards Limited. The company has been created initially to broker forward freight swaps for the tanker market segment in key trade routes. Contracts have been devised to meet multi-client needs and in response to Owners' and Charterers' requirements for freight protection without taking physical delivery. Global Freight Forwards Limited will be supported by four of the leading London based shipbrokers with a global client base together with PVM Oil Associates, the foremost oil brokerage house, which brings its years of experience of screen and paper oil markets.
S&P Puts Royal Caribbean-Related Deals on CreditWatch Positive
Standard & Poor's placed its double-'B'-plus ratings on class A-1 of two synthetic transactions linked to Royal Caribbean Cruises Ltd. on CreditWatch with positive implications. The CreditWatch placements are a result the Nov. 20, 2001 announcement that Royal Caribbean Cruises Ltd. has agreed upon a merger of equals with P&O Princess Cruises PLC. The CreditWatch placement reflects the possibility that Royal Caribbean Cruises Ltd. could benefit from the combined entity's comparatively stronger debt protection measurements. The two deals are swap-independent synthetic transactions that are weak-linked to the underlying collateral, Royal Caribbean Cruises Ltd. debt. The CreditWatch placements reflect the credit quality of the underlying securities issued by Royal Caribbean Cruises Ltd.
MOL Names Newbuilding LNG Carrier 'Energy Liberty'
Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation. Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co., Ltd. President Michiaki Hirose, who gave the name Energy Liberty to the vessel, after which his wife cut the rope. The Energy Liberty will be the eighth LNG carrier owned and managed by Tokyo LNG Tanker. MOL will directly manage six of those vessels, including this newbuilding vessel.