Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland. Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices
Hawboldt Industries installed an ABB winch drive with in-built active heave compensation (AHC) software at the heart of a new winch and offshore crane for the research vessel Kilo Moana, giving University of Hawai‘i Marine Center scientists a reliable means of deploying water sampling equipment at depths up to 5,000 meters in even the roughest sea conditions.
How have major events such as the U.S./China trade war, oil price fall and COVID-19 impacted Twin Disc’s commercial marine business to date, and what adjustments have you made in response?These are the three things that I’ve been highlighting in employee communications and with investors over the last few months. For us, COVID was just the third punch after the other two.
The Dutch owner of a fleet of offshore jack-up service vessels Seafox has made a non-binding proposal to take over the UAE-based jack-up specialist GMS. Both companies provide offshore service support jack-up units for hook-up and commissioning in the oil & gas and offshore wind industries.
The increasingly growing concern this week has been the number of mounting Covid-19 cases across the sub-continent, especially in India, where the country hit a daily record infection rate of over 200,000 cases per day, placing an increasing pressure on an already strained healthcare system that is fighting to keep up with the number of sick.
Several large LDT sales have taken place this week, as owners dip in to take advantage of the red hot sub-continent markets of the moment.Almost all of the locations saw some activity this week (market and private), with India even getting in on the act (despite being the lowest placed sub-continent market) with one high-priced stainless-steel tanker purchase registering for the week.
Crowley announced Friday that the company has fully integrated Jensen Maritime into the Crowley Engineering Services group, a group designed to seamlessly combine Crowley’s diverse business portfolio with Jensen’s marine engineering and naval architecture experience.“This transformation reflects the evolution of Crowley’s capabilities as single source for engineering and design since Jensen
The common perception of intact stability has remained largely unchanged over the last few decades, where a vessel’s stability is evaluated using classical and static means: limits on righting arms, residual areas, and determining maximal VCG (or minimal GM) composite curves. These methods are familiar to most naval architects and are taught at a fundamental level in most naval architecture
Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals
Lockport, La. based offshore support and subsea services provider Bordelon Marine said it has promoted Mike Belanger to chief operating officer and Chris Martin to general manager.Having served as Bordelon's general manager for 15 years, Belanger brings more than 40 years of industry experience to the COO position.
Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan."Under the revised agreement the rate of interest payable by the Company on its borrowings will decrease from LIBOR +5% to LIBOR +3%
Fincantieri Marine Systems North America (FMSNA) has entered into a teaming agreement with Motor-Services Hugo Stamp (MSHS). MSHS distributes a wide range of products for the maritime and stationary power industries. FMSNA provides integrated propulsion systems, engineering, and sustainment services to government and commercial markets.