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.
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
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
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
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
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
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
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
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 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
Since autumn 2014 customers can exercise their handling and knowledge of SCHOTTEL propulsion systems in the SCHOTTEL Academy by using a training simulator. Academy participants are seated as if on the bridge of a real vessel and learn how to deal safely with the different SCHOTTEL
A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity, marking the first time that a floating tidal platform is used for electricity production into the Dutch grid.
Canada-based shipping company Teekay Corporation has renewed its contract with Propulsion Dynamics for its hull and propeller performance monitoring system CASPER Service. The Computerized Analysis of Ship PERformance (CASPER Service) from Propulsion Dynamics is a turnkey subscription service
UK-based Chesterfield Special Cylinders (CSC) has launched a new integrity management team to work with owners and operators of high pressure gas storage vessels as installed in rigs and ships, and with gas majors and classification bodies to maximize vessels’ lifetime performance and safety
Marlink and Palantir AS have signed a strategic partnership agreement that aims to improve access to IT services in the maritime industry. Palantir’s IT products complement Marlink parent company Airbus Defence and Space’s extensive AuroraGlobal multi-band (Ka-, Ku-
MSC Magnifica arrives at Damen Shiprepair Rotterdam Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) has been awarded a cruise repair and maintenance contract from MSC Cruises. Built in 2010, the MSC Magnifica is 293 meters long and has a capacity for more than 2
PIRIOU selects iXBlue’s QUADRANS as reference gyrocompass for the French Navy B2M multi-mission ship program as iXBlue QUADRANS sales tops 400 units since launch. For each vessel, iXBlue will supply the complete navigation suite, including QUADRANS gyrocompass
Mitsui Engineering & Shipbuilding Co., Ltd., (MES) has established service companies in Doha, Qatar and Ankara, Turkey, to perform after-sales service business, which includes supply of spare parts, repair and periodical overhauling maintenance, for MES manufactured industrial machinery.
Anticipating the maintenance of equipment on board ships in order to increase fuel efficiency could be a “real game changer in the future,” said Andreas Zito, chief technical officer of the V.Ships group of companies. Condition-based maintenance, through remote monitoring
The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency Response Plan for Hurricanes (PREH) of Pemex, recommended the suspension of the removal of offshore platforms in Campeche.
Incat Crowther announced the delivery a pair of 30m catamaran passenger ferries, Macôco and Panguila, to Instituto Marítimo e Portuário de Angola. The vessels, built by Astilleros Armon in Spain, will be operated by subsidiary TMA Express.
With the acquisition of MEMAC, B COOL A/S now offers customers one entry to multiple maritime systems – both refrigeration solutions and monitoring of the engine rooms and other technical plants of the ships. B COOL A/S said it has acquired MEMAC
Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System. The Corvus Energy system provides industrial scale energy storage to enable customers to power or
Philippine President Benigno Aquino on Friday gave authorities the go-ahead to offer for tender 165.6 billion pesos ($3.7 billion) worth of new infrastructure projects under his flagship Public-Private Partnership program in line with efforts to upgrade ageing roads, airports and ports.