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June 2013 Issue
MTU Builds New Test Facility
MTU Friedrichshafen (Friedrichshafen, Germany) started construction on a new research and development test facility. The company plans to invest more than €60 million in the project by 2015.
Technicians will be able to run function tests on engines for the development of new combustion processes, engine control systems, engine-specific exhaust-gas after-treatment plants and gas engines.
The first phase of the project includes construction of the main building and three test stands designed for engines producing up to 2,500 kilowatts each. It is expected to cost around €40 million and is scheduled for completion at the end of 2014.
Higher Tolls for the Suez Canal
Ships will have to pay a heftier price to pass through the Suez Canal, reported Reuters. In an attempt to stave off a devaluation of its currency, Egypt will raise fees on ships sailing through the canal.
The Suez Canal accounts for about $5 billion in revenue a year. The fees will increase by 2 percent for container ships and car carriers and 5 percent for tankers and petrochemicals.
The canal is the most efficient way for ships to travel from Asia to Europe. Passing through the waterway saves about 15 days of travel.
Ghenova Netherlands Engineering B.V. Signs MoU With Vicus Desarrollos Tecnológicos S.L.
Ghenova Netherlands Engineering B.V. (GNE) based in Hardinxveld-Giessendam, Netherlands, is now working in cooperation with Vicus Desarrollos Tecnológicos S.L., based in Vigo, Spain.
A memorandum of understanding (MoU) was signed between both parties in April. The agreement will allow GNE to better assist its clients during the concept and basic design phases.
XPD8 Solutions Earns ISO 9001 Accreditation
XPD8 Solutions (Aberdeen, Scotland) now has ISO 9001 accreditation for quality management.
ISO 9001 was assessed independently by Lloyd's Register (London, England) to criteria set globally by the International Organization for Standardization. This system of evaluation is being increasingly used across the oil and gas industry.
XPD8 plans to create 18 positions following the award of contracts worth more than €2 million.
New Pontoon Berthing Facility
Orsta Marina Systems Nederland BV (Heusden, Netherlands) will provide the inshore berthing pontoon for renewable energy company DONG Energy (Fredericia, Denmark).
The pontoon will form part of the onshore operation and maintenance facilities supporting the construction of 108 offshore wind turbines in the Irish Sea.
Orsta was appointed by Commercial Marine & Piling Ltd., based in Ringwood, England, to design and manufacture the 68-meter pontoon for the fleet of support and maintenance vessels.
The precast concrete pontoon units will be manufactured close to the site within the Port of Barrow in England.
Crown Estate Launches Website
The U.K. Crown Estate has a new website to foster collaboration in the wave and tidal industry. Called the Wave and Tidal Knowledge Network, the website will make it easier for organizations to share information with each other.
The coverage of the Knowledge Network includes environmental impacts and consents, grid connection, and health and safety.
The system is open-access, and much of the information is available to download immediately, free of charge. In addition, the website gives links to external sources for information available on a commercial basis.
DNB Optimistic About Norwegian Shipping Loans
DNB, the Norwegian bank responsible for most of the world's lending to ship owners, saw promising profits in the first quarter, reported Reuters. The bank predicts an end to the pattern of bad shipping loans and says 2013 credit losses will be similar to last year. Norway's strong economy has enabled the bank to balance the poor lending income from the shipping industry with stronger sectors.
MacArtney Goes Mobile
MacArtney Inc. (Houston, Texas) has recently outfitted a mobile workshop operating out of Houston. This service platform enables MacArtney Inc. to bring underwater technology service, support and technical capabilities to customer locations and facilities in any corner of the Gulf of Mexico. Technicians can perform a vast array of installation, repair and maintenance tasks, including cable termination work, slip-ring repair, electrical and fiber-optic tests.
Medical Protection for Seafarers
August will see the introduction of the new Maritime Labour Convention (MLC). Ratified by 35 International Labor Organization member states, the MLC provides rules for the protection of the world's 1.2 million seafarers.
There has been growing concern over seafarer fitness and a rising incidence of sudden cardiac arrests (SCA), resulting in deaths on board. The only proven way to treat SCA is by delivering an electric shock to the heart to restore a normal rhythm, so marine defibrillators need to be accessible to the crew and easy to understand.
UN to Help Fund Anti-Piracy Efforts
The United Nations (UN) approved a package of projects in Somalia and other states in the region, including Djibouti, Ethiopia, Kenya, Maldives and the Seychelles, to combat piracy.
The five projects, worth $2 million, and part of a UN anti-piracy trust fund, aim to ensure that ongoing piracy trials are conducted in a fair and efficient manner and that the human rights, health and safety of individuals suspected of piracy are protected.
Support will also be provided to law enforcement authorities and prosecutors to investigate illicit financial flows from piracy.
First Latin American Concession For Hollund Industrial Marine
Hollund Industrial Marine Inc. (Blaine, Washington) has officially entered into negotiations for its first commercial concession in Latin America.
Negotiations took place after the surveyor's report on the targeted lake in Latin America revealed the lake was a viable source for underwater wood harvesting. The volume of timber identified is low in relation to the production speed. The estimated work time on the lake would be a 3-to-5-year concession.
NewLead Holdings Ltd. Has Charter For Panamax Newlead Victoria
NewLead Holdings Ltd. (Piraeus, Greece) entered into a five-year charter contract with 60 percent profit sharing for its vessel the Newlead Victoria. The charter is expected to start in June 2013. The net daily charter-out rate will be $11,700 until December 29, 2014; $12,723.75 until December 29, 2015; $12,918.75 until December 29, 2017; and $13,016.25 until June 29, 2018.
Saab Seaeye Opens Largest Indoor Test Tank
The largest indoor test facility for unmanned underwater vehicles has been opened by Saab Seaeye (Fareham, England). Located in Linköping, Sweden, the test tank will allow new underwater systems technology to be tested in a controlled environment. The tank is 6 meters deep, 10 meters in diameter and holds approximately 470 cubic meters of water.
Jee Ltd. Installs Cables for Offshore Wind Farm
Jee Ltd. (Tonbridge, England) completed a contract with Technip Offshore Wind Ltd. (Aberdeenshire, Scotland) for the provision of subsea power cable installation engineering on an offshore wind farm project.
Jee provided Technip with information about the safest and most efficient way to install the cables, minimizing installation costs and reducing the risk of cable damage during offshore operations. The project, Gunfleet Sands 3, is located 8 miles off the coast of Clacton-on-Sea, England.
STX Considering Shipyard Sales
As a way to manage its debt, STX Offshore & Shipbuilding Co. Ltd. (Changwon, South Korea) could be selling shipyards in Finland, France and China, reported Reuters. Taking a financial hit since the economic downturn in the shipping industry, STX Group has been unloading assets for the past year. STX Corp., the holding company, has several affiliates, which could possibly undergo corporate restructuring. STX Corp. has accumulated a debt of 200 billion Korean won.
Disputes Continue Over South China Sea
The islands of the South China Sea remain a point of contention as China refutes the Philippines claim of control over the region, reported Reuters. The Philippines has asked a United Nations tribunal to stop Chinese involvement in the islands, claiming it violates sovereignty. The Philippines is asking for a decision on sovereignty as China attempts to assert control over much of the region. China has stated that it would not support international arbitration.
2014: JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC
2013: JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC