Insurance: Ship Repairers and Marine Equipment Installers Operating on both land and water, ship repairers and marine equipment installers tackle a variety of tasks from general maintenance and repair, to upgrading electrical systems, to installing state-of-the-art navigational systems. Along with these tasks comes a wide array of maritime risk exposures, both large and small, for which the business owner needs to be adequately protected. The tasks of an electrician or welder are challenging enough on their own, but try to do this work on a vessel at sea or in a shipyard, and the technician will find that the hazard level rises dramatically – from making sure that all facets of the systems work together as they should, to the increased fire risk hot welding presents to the safety of the vessel. As a result, only professional installers with a maritime background should be considered for such work. Vessel owners and shipyards should be sure to contract only with ship repairers and installers who have comprehensive insurance that will not only protect that business, but also provide coverage for the vessel or shipyard if the installer is found responsible for any damage. The exposure for vessels in their care, custody, and control, along with any other potential third-party property damage must be addressed.
Croatian ship repairer Viktor Lenac won contracts worth $25 million to refit two foreign ships by the end of this year. One ship is owned by Baltimore-based Caldwell Cable Ventures and the other by British company Fisher and Sons. Both will be made over into specialized vessels for laying optical cables. The shipyard is currently negotiating another similar project, it said without giving any details. Lenac plans a major expansion worth $30 million this year in a bid to attract more
Shipyards used to repair and convert existing vessels are set to become more efficient and environmentally friendly with the help of a grant of E2,151,000 from the EU¡¦s Framework Program. SHIPMATES (SHIPrepair to Maintain Transport which is Environmentally Sustainable) is a three year project to provide a blueprint for a technologically advanced and environmentally friendly ship repair/conversion yards, with a target of a 20 percent productivity improvement over today¡¦s European yards
American Boat Builders & Repairers Association (ABBRA) appoints executive director, relocates to Fort Lauderdale American Boat Builders & Repairers Association (ABBRA) names new Association Management Company and Executive Director to lead the national group that represents the business interests of the boat building, marine service and boat repair industry and seeks to strengthen and encourage professionalism.
American Boat Builders & Repairers Association plans new format, seminars & discussions for next annual conference ABBRA, the American Boat Builders & Repairers Association announces its 2013 Annual Conference the “International Boatyard Business Conference”. This boatyard and related services industry event will be held January 19-20, 2013 in Fort Lauderdale, Florida. It will cater to boatyard owners, operators, and managers, boat builders
Mustang Marine (Wales) join forces with Milford Haven Ship Repairers (MHSR) Currently the trading name for Milford Haven Port Authority, MHSR, is to be rebranded under the Mustang Marine (Wales) Ltd name and will operate from the existing two sites, the dry dock facility at Milford Dock and the slipway facility adjacent to Mustang Marine in Pembroke Dock. Mustang Marine, is a boat builder and repairer of workboats, pilot boats, passenger and similar commercial vessels up to 40m in length
Cadkey has released Cadkey 99, a major version of its flagship mechanical PC-CAD product available for Windows 95/98/NT 4. Cadkey 99 delivers product features designed for interoperability excellence, such as the introduction of powerful solid body healing and tolerant edge functionality. With an abundance of enhancements and solid modeling capabilities, including wireframe, solid and sheet metal bending, the Cadkey data translation lineup now offers a new high-speed
Heading into this autumn’s traditionally busy exhibition season, there is a noticeable charge in the air regarding the marine industry and its future. Fueled by years of corporate consolidation, today’s marine equipment, system and service companies are, in general, larger, better positioned to deliver integrated, turnkey solutions. But as the “urge to merge” has undoubtedly created some efficiencies, particularly in the capital intensive Research and Development and customer
Running a Tight Ship The old expression about getting one’s sea legs speaks to how different life can be in the ocean marine environment. Those who spend most of their time on land often need to adjust to the rhythms that are second nature to old sea hands. Similarly, any company that operates both on land and water needs to adjust its risk management strategies to account for exposures in both arenas. That can range from something as simple as making sure land-based workers have the
Seattle and Florida based Trans Marine Propulsion Systems, Inc. (TMPS) has been added as a member of heavy industries company Hyundai Heavy Industries - EMD’s (HHI-EMD) Global Service Network and is their Designated Cooperative Repairer. TMPS will supply service under a nonexclusive agreement for the HHI - EMD. TMPS has locations in Seattle, Washington and Tampa, Florida and services most makes and types of diesel engines, including two-stroke
Seattle and Florida-based Trans Marine Propulsion Systems, Inc. (TMPS), known worldwide for its diesel service and engineering department, has been appointed a member of Hyundai Heavy Industries - EMD's (HHI-EMD) Global Service Network and is their Designated Cooperative Repairer.
There have been changes in the way authorities deal with stowaways in South African ports, now making the ship responsible for preventing unauthorised personnel from boarding in the first place, the UK P&I Club informs. If immigration decide that any person illegally on board is a
Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million. Q4 2013
China shipbuilder and repairer COSCO group in its financial report for year ending 31, December 2013, informs that operating conditions for most of 2013 continued to be difficult. The Group’s turnover was $3.5 billion, lower by 6% from $3.7 billion for the year before
And Why Knowing the Answer is Critical to Your Business On December 23, 2012, the restrictive measures against Iran contained in Council Regulation (EU) No 1263/2012 came into force. The measures supplement those already contained in Regulation 267/2012 of March 23, 2012
The U.S. Environmental Protection Agency and the Hawaii State Department of Health settle with Marisco Ltd for pollution offences. The violations took place at Marisco's ship repair and drydock facilities at Kalaeloa Barbers Point Harbor on Oahu
IMO begins a 6-month consultation on the administrative burdens that may come with compliance with IMO instruments. The intention is to gather data from a broad spectrum of stakeholders from which recommendations on how to alleviate administrative burdens can be developed.
A&P Falmouth has launched an apprenticeship recruitment search to find raw talent in Cornwall (SW England). The purpose of the scheme is to train and hone into the skilled engineering and marine workers of the future. In the last five years A&P
US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3
The European Ships and Maritime Equipment Association (SEA Europe) has announced that IHC Merwede’s President, Govert Hamers, will succeed Lars Gørvell-Dahll as Chairman in October 2013. Mr. Gørvell-Dahll’s will step down midway through his tenure to become the
The Virginia Ship Repair Association (VSRA) is preparing to celebrate its 35th Anniversary and held a dedication of a new memorial to the private ship yard industry on the Portsmouth Path of History. This National Historical Landmark is a one mile walking timeline representing the birth
Bollinger Ramps Up for GOM Oil Sector and Builds for USCG Lockport, La.-based Bollinger Shipyards, Inc. is humming with work from oil and gas companies and government agencies. Family-owned and operated, Bollinger has 10 shipyards -- nine in south Louisiana and one in Texas -- along with 28
The American Boat Builders & Repairers Association (ABBRA) announces its line-up of topics and speakers for the 2014 ABBRA Boatyard Business Conference. The event, which focuses strictly on issues important to boatyards, boat builders and marine service/repair businesses
Middle East shipyard Nakilat-Keppel Offshore & Marine (N-KOM) has won the Ship Repair/Shipyard award for the second consecutive year at the Seatrade Middle East & Indian Subcontinent Awards 2013. Abu Bakar Mohd Nor, CEO of N-KOM said
Al Khalij Commercial Bank (al khaliji) QSC has provided financing for the two Nakilat shipyard joint ventures: Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ) for US $120m and US $40m respectively. Nakilat is a Qatari marine transport company providing the