Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel drydocking costs from the deferral method, under which the company deferred and amortized its drydocking costs over the estimated period of benefit between drydockings, to the direct expense method, under which the company expenses all drydocking costs as incurred. There have been no drydocking costs that the company has incurred prior to the first quarter of 2008, therefore, there will be no impact on the Company's prior financial statements as a result of the adoption of this change in policy. The Company believes that the new direct expensing method eliminates the significant amount of subjectivity that is needed to determine which costs and activities related to drydocking should be deferred. The first effect of this change in accounting policy, will appear in the Company's results for the quarter ended March 31, 2008. This change in accounting policy will not impact the Company's dividend distributions per share, given that the Company has a fixed dividend policy.
Celebrity Cruise Lines has completed its first ever drydocking with Detyens Shipyards, Inc (DSI). ZENITH docked at the Charleston, South Carolina facility from October 24, 2005 thru November 3, 2005. The scope of work included: regular drydocking maintenance along with sea valve renewals, blade seals and polishing, anchor chains, bow and stern thruster seals, overhauling of the bow thruster, the dismantling and overhauling of the stabilizers, the application of the silicon base AF coatings
Heger Dry Dock will present its four-day Dockmaster's Training Seminar during May 2000 in Seattle, Wash. Held from May 2-5, the course will provide the latest information on dry docks, and drydocking techniques to dockmasters, marine engineers, naval architects and others involved in the docking vessels. Topics for discussion throughout the course will include dry dock accidents, types of docks, ship characteristics important to drydocking and docking procedures
In Qatar, Nakilat-Keppel Offshore & Marine (N-KOM) shipyard has 7 ocean-going LNG carriers in its drydock for repairs, overhauls As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects reports LNG World News. The seven LNG carriers (Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Gharrafa
Following the successful annual drydocking and refit of the Wightlink fleet of passenger/car ferries since January 2001, A&P Southampton and Wightlink have announced the signing of a revised annual drydocking and maintenance agreement for a further three years. This new agreement has been extended to include A&P Shipcare (Portsmouth) for all in service repair needs. A&P Southampton Managing Director, David Parry
B+H Ocean Carriers Ltd. has acquired a 98,000dwt OBO, or combination carrier, committed to a Time Charter at $27,000 from delivery through March 13, 2006, plus or minus one month. The vessel will be delivered to the Company during April. This vessel, to be renamed Sachuest, has some particularly attractive attributes in the present market environment, the Company said, including the ability to trade as both a tanker and a dry bulk carrier, plus the fact that it has 24
Keppel Shipyard Limited (Keppel Shipyard) has entered an Alliance Service Agreement for the drydocking of a fleet of Moss Rosenburg (MOSS) type of Liquefied Natural Gas (LNG) carriers chartered by Qatar Liquefied Gas Company Ltd (Qatargas). The five-year agreement was signed with MO LNG Transport Co., Ltd (MOL), Nippon Yusen Kaisha Ltd (NYK) and Kawasaki Kisen Kaisha Ltd (K-Line). The vessels under the fleet agreement are Al Zubarah, Al Khor, Al Rayyan, Al Wajbah, Broog, Zekreet
hen the 70,367-ton, 855 ft. (260.6 m) Carnival Paradise arrived at Newport News Shipbuilding for emergency repair on its Azipod propulsion system, it marked a milestone in ship repair history as no U.S.-based yard had ever performed work on the advanced pod system. The vessel arrived for drydocking at the yard on July 25, where the NNS crew prepared it in time for its next scheduled sailing date on August 20. MR/EN had the opportunity to speak with Becky Stewart, NNS' director of ship repair
Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year
FirstWave/Newpark Shipbuilding was awarded a contract by Blessey Marine Services of Hanrahan, La. for the construction of a 30,000-bbl capacity double-hulled tank barge. Measuring 298 x 54 x 13 ft. (90.8 x 16.4 x 3.9 m) the vessel will be built at FirstWave's Greens Bayou Facility for a June 2000 delivery. FirstWave was also granted a contract by Global Industries of Carlyss, La. for a scheduled drydocking and routine regulatory maintenance of the Small Water-plane Area Twin Hull (SWATH)
US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1. Dredging Norfolk Dredging Company, Chesapeake, Virginia, has been awarded $18,784
Hyde Marine, Inc., a ballast water treatment technology company, will showcase its Hyde GUARDIAN Gold HG250G Ballast Water Treatment System (BWTS) at the upcoming Shipbuilding, Machinery, & Marine Technology (SMM) International Trade Fair, September 9-12, 2014, in Hamburg, Germany.
1501 Front Street Morgan City, LA 70380 Telephone: 985 384 3060 E-Mail: firstname.lastname@example.org Website: www.conradindustries.com CEO/President: Johnny Conrad Number of Employees: 1,250 The Company: Conrad specializes in the construction
Cunard’s Queen Victoria to undergo multimillion dollar refit at Blohm & Voss Shipyard in January 2015, nearly one year ahead of its planned December 2015 maintenance. Cunard Line announced last week that its liner Queen Victoria will enter the Blohm & Voss Shipyard in Hamburg
Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) R/V Lake Explorer II. The research vessel was hauled out using the 770-ton capacity Marine Travelift at Great Lakes Shipyard. The repair contract that started on August 14
Water lubricated Thordon Composite cutterhead shaft bearings have performed well for nine years on one of the largest cutter suction dredgers in the world–Dredging, Environmental and Marine Engineering N.V. (DEME)’s D'Artagnan (28,200 kW total installed power).
Last month Hydrex installed Propeller Boss Cap Fins (PBCF) on a 289-meter tanker during the vessel’s stop in Mokpo, South Korea. A Propeller Boss Cap Fins (PBCF) can recover energy loss of a propeller hub vortex in the propeller’s backward flow
Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking, routine repairs, maintenance and upgrades, as well as design, fabrication and installation of a new bulbous bow
SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc. was $21.1 million, or $0.98 per diluted share. For the six months ended June 30, 2014
Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) for international markets as follows: Grand Bahamas Shipyard
Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, announced today it has established two partnership agreements for installation of the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) for international markets.
U.S. Department of Defense informs that a New York Harbor dredging contract has been awarded to Great Lakes Dredge and Dock Company (GLDD) and a Navy USS Jacinto drydocking contract to BAE Systems Norfolk Ship Repair. Details as follows: 1. Dredging contract
The Greenstone II, a U.S. Department of Interior fuel barge, was relaunched at Port Calcite upon completion of drydocking, repair work and inspections. The barge was hauled out at the Port Calcite facility in late May by Port Calcite Collaborative’s 440-ton Manitowoc 16000 crane
Jastram Technologies Ltd. (JTL) announced it has been appointed agent for Canada for the underwater hull coating Ecospeed and cavitation/corrosion barrier Ecoshield, and for Hydrex underwater repair and maintenance services. JTL will bring wide coverage and a high level of service and support to
ASRY issued a statement detailing the yard's recent operational and business developments. Ship Repair After appointing Resolute Maritime Services as the agents in Greece an increased activity from Greek market can be observed at ASRY including one of the leading owners from Greece