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Maintenance Vessel

Offshore Work Maintenance Ship Sold, Chartered Back by Otto Marine

Oranda 1: Photo courtesy of Otto Marine

Singapore-based Otto Marine sells Work Maintenance Vessel 'Oranda 1' for US$38.0-million, simultaneously bareboat-chartered back for GofM work. The sales transaction sets to improve the Group’s cash flow and balance sheet. Oranda 1, of LOA 75 m  is an ABS-classed 4,200bhp Work Maintenance Vessel that has completed 4 projects in South East Asia since May 2010. Contemporaneous with the sales transaction, the Group’s subsidiary, Karp Marine Limited, has bareboat chartered back the vessel for a period of 5 years. Oranda 1 is currently executing general topside platform maintenance works in the Gulf of Mexico under a 450-day time charter contract worth US$14.9 million. “Proceed from this sale transaction will be utilized towards repayment of bank loans, thereby improving the Group’s liquidity and working capital. This is very much in line with the Group’s strategy to lighten its balance sheet to optimize operations going forward.” Aw Chin Leng, Executive Director and Deputy President. Otto Marine Limited is an offshore marine group engaged in specialized shipbuilding of offshore vessels for primarily Deep Sea applications. The shipbuilding includes ship repair and conversion. In addition, Otto Marine is chartering out its own fleet of sophisticated and environmentally friendly (clean/comfort class) Anchor Handling Tugs and Offshore Supply vessels for mainly Deep Sea applications.


Status Report: Lightweight Structures at Sea

Figure 1: Valö, the world’s first HSC-classed vessel built in carbon fiber composite, owned by Styrsöbolaget in Sweden.

SP Fire Technology’s involvement in fire-resistant lightweight materials for marine applications has contributed to the construction of several smaller lightweight vessels, and to the current discussion within the International Maritime Organization (IMO) of how larger ocean-going vessels could be built using plastic composites. Background 2005 saw the start of the LÄSS project, which clearly showed the potential economic and environmental benefits of using lightweight materials


DAMOS Vessel Maintenance System Certified by BV

Damen Services, part of Damen Shipyards Group, said that its Damen Asset Management Operating System (DAMOS) has been independently approved by classification society Bureau Veritas. DAMOS is a unique vessel maintenance management system that allows customers to maximise uptime and optimise cost of ownership.  DAMOS is part of the Damen Services Lifecycle Support System and identifies and categorizes all on-board systems of a vessel


ABS Nautical Systems Wins Two International Contracts

ABS NS Logo from Web.jpg

ABS Nautical Systems Nets Two New Clients.   ABS Nautical Systems has signed a contract with Samson Maritime Ltd. for the use of its NS5 software.   Located in Mumbai, Samson Maritime Ltd., owns and operates a fleet of offshore supply vessels, maintenance tugs and workboats.   Samson Maritime Ltd. has chosen to implement the Maintenance & Repair, Hull Inspection and Drawings Management modules as offered through the ABS Newbuild Program


BASS Outfits OSM Vessels

OSM Ship Management will equip 14 vessels with the BASSnet Maintenance and Procurement modules. In 2011, OSM had signed up two vessels for these modules. The Maintenance and Procurement modules are among a range of BASSnet fleet management systems that are aimed at providing “one, integrated solution” for all aspects of maritime operations. The software helps fleet operators and ship managers to plan and undertake asset management and maintenance, inventory and material control


Statutory Alert: Revised IMO Guidelines for Maintenance

Revised IMO guidelines for maintenance, testing and inspection of fire protection systems and appliances will become effective on May 31, 2013 and are contained in the circular MSC.1/Circ. 1432. These guidelines should be followed in accordance with SOLAS regulation II-2/14, which requires that all fire protection systems and appliances are kept in good order and that a maintenance plan is developed. The guidelines state that certain maintenance procedures and inspections may be


The U.S. Navy - Reducing Shipboard Planned Maintenance

The cost of maintaining Navy ships is measured in billions of dollars and millions of man-hours. Requiring sailors to perform excessive, unnecessary, and often counter-productive maintenance does more than waste money. It also wastes that most precious of commodities — sailors' time. This problem is being addressed by the U.S. Navy through the Surface Ship Maintenance Effectiveness Review (SURFMER) program. Since October 1996


BMT Wins Petrobras Cascade & Chinook Contract

BMT Engineer prepares Free-Standing Hybrid Riser (FSHR) data acquisition modules to go subsea.

BMT Scientific Marine Services (BMT) was contracted by Petrobras America Inc., a subsidiary of Petrobras, to provide support maintenance and repair for the Cascade and Chinook Free Standing Hybrid Riser Tower (FSHR) Monitoring System. This agreement includes five years of operation to support maintenance and repair of the FSHR monitoring system, including equipment replacement, change-out of batteries, repair of equipment, preventative maintenance, equipment refurbishment


Tallink-Silja Installs MPM Upgrade for STA

Photo: Marine Softwear

U.K.-based Marine Software Ltd has delivered an MPM Marine Planned Maintenance upgrade to Tallink-Silja for installation onboard their Swedish flagged vessels "Silja Symphony" and "Galaxy." Project "Systemtillsyn" is a way for the Swedish transport agency to devolve a large portion of their survey responsibility to the crews on Swedish flagged vessels. The Swedish Transport Agency has a survey guide book (THB) which contains all 480 survey items applicable to


DoD Award Dredging, Ship Maintenance, Charter Contracts

USS Pearl Harbor: Photo USN

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 $18,784,248 for a dredging requirement for Baltimore harbor and channels. Maintenance dredging will take place in various channel sections in the Chesapeake Bay, Maryland


OC Selects Siemens Blue Drive PLUSC Propulsion Solution

otto.jpg

Siemens Blue Drive PLUSC Low Voltage Propulsion Solution providing reliability, Safety, increased fuel efficiency, reduced greenhouse gas emissions (Methane, NOX and SOX) and reduced maintenance costs. Siemens Industry announces it was awarded a contract to equip Otto Candies (OC) Subsea


Permanent Magnet Technology for Maritime Propulsion

The Switch  Medium Speed PMG.

Multipurpose vessels, especially those that operate primarily at part loads, have been facing pressure when it comes to making money in today’s business environment. Returning to times of big profit margins will not happen soon without finding a radically different approach


Volvo Penta's New Keel Cooling Option

Volvo Penta is offering factory-built keel-cooled engines for the line of marine commercial inboard and sterndrive D4 3.7-liter and D6 5.5-liter engines.

Volvo Penta is offering factory-built keel-cooled engines for the entire line of marine commercial inboard and sterndrive D4 3.7-liter and D6 5.5-liter engines. The D4/D6 keel-cooled version uses a twin circuit design, with keel coolers for both the high-temperature engine block circuit and


Imperial Oil Completes Maintenance at Kearl Oil Mine

Kearl oil sands project

Imperial Oil Ltd said on Tuesday it has completed a two-week major maintenance turnaround at its 110,000 barrel per day Kearl oil sands mine in northern Alberta. Imperial 69.6 percent owned by Exxon Mobil Corp said work was carried out over the last two weeks of September and involved


Gibdock Wraps Up Repair Work for Grimaldi

Photo courtesy of Gibdock

The Grande Angola left Gibdock on Tuesday following the on-time completion of a scheduled package of repair works, the shipyard reported. The project covered work on the second vessel in a two-vessel contract between Gibdock and Grimaldi Group


Maersk Line, Keystone, Awarded MSC Contract Modifications

Bobo-class vessel: Photo MSC

The US Department of Defense informs that Maersk Line and Keystone Prepositioning Services, have each been awarded vessel operation & maintenance contracts. Details as follows: 1. Maersk Line Ltd., Norfolk, Virginia, is being awarded a $33,016


Norfolk Dredging Awarded U.S. ACE Delaware River Contract

Dredging work: File Photo

The US Department of Defense informs that Norfolk Dredging Co., Chesapeake, Virginia, was awarded an $11,787,279 firm-fixed-price contract for maintenance dredging of the inland waterway Delaware River to Chesapeake Bay, Delaware and Maryland.


US Demand Gives European Refiners Rare Boost

Big slate of refinery maintenance in U.S., Canada; export rush bucks long-term trend. A late-year rush for gasoline in the United States is creating unexpected demand for imported cargoes and giving struggling European refineries a welcome autumn boost.


New Recommendations to Avoid Jacking System Failure

A joint industry project on jacking system maintenance and inspection has resulted in a new DNV GL Recommended Practice. This provides guidance to ensure the correct and safe functioning of rack and pinion style jacking systems. The objective is to reduce the risk of gear failure


HydraWrap: Not Just a Temporary Repair Anymore

Hydratech 2.jpg

Many vessel operators that experience leaks to piping, pipe fittings, and bulkheads have, in recent years, turned to the HydraWrap system. Used to repair leaking pipe systems and prevent downtime, the HydraWrap system, manufactured by HydraTech Engineered Products, LLC in Cincinnati, OH


Hempel Launches AvantGuard Primers

Hempel announced the launch of HEMPADUR AvantGuard, a portfolio of three new anticorrosive zinc primers designed for C4 and C5 corrosive conditions. Based on new patented AvantGuard technology, the primers are significantly longer lasting than zinc epoxies without AvantGuard but can be applied


Upgrading Of Senoko Waste-To-Energy Plant

Senoko WTE Plant is the third waste incineration plant built in Singapore

  Keppel Infrastructure Trust (KIT), through its wholly owned subsidiary1, has entered into an agreement with the National Environment Agency (NEA) to provide additional incineration capacity to the Senoko Waste-to-Energy (WTE) plant, one of the three facilities under KIT's current portfolio


General Dynamics Bags U.S. Navy Nuclear Submarine Contract

US Navy

  The U.S. Navy has awarded a $311 million contract to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.


Ocean Ships, APT, Awarded DoD Contract Modifications

USNS Montford Point: Photo MSC

The US Department of Defense inform that Ocean Ships, Inc., and American Petroleum Tankers, have been awarded Military Sealift Command contract modifications for charter, operation and maintenance of vessels as follows: 1. Ocean Ships, Inc


Aker Solutions Starts Trading After Company Split

The split creates a simpler and more focused Aker Solutions that is better positioned to meet the needs of customers in an increasingly competitive global energy industry

  Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance






 
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