Following the purchase of Fairline Boats Limited last month by Wessex Bristol Investments, its new owners has said it has taken significant steps to move the company back towards profitability.
The company has announced it will be undergoing a workforce restructure, involving the business entering into a collective consultation period with staff. Fairline Boats said it needs to trim down operations to better reflect the marketplace environment and allow it to operate more efficiently.
The innovative rescueME MOB1 by British company, Ocean Signal, has been nominated for a prestigious DAME Design Award.
Developed by UK communication and safety at sea specialist Ocean Signal as the world’s most advanced Man Overboard locating device, the rescueME MOB1 has been selected by the DAME Awards Jury in the ‘lifesaving and safety equipment’ category.
The MOB1 incorporates both AIS and DSC technologies within the most compact product on the market at 30% smaller than similar products. The easy-to-use device has been designed to integrate into a life jacket, ensuring the best chance of rapid rescue for an MOB in extreme conditions.
Continue reading “Ocean Signal recognised for world’s smallest man overboard device”
GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that it has received a second Approval in Principle (AIP) for its 4,000 m3 Bunkering Ship concept, using Mark III Flex Cargo Containment system and operating with a vapour pressure of up to 2 barg. Following one delivered by Lloyd’s Register, this new AIP was received from the classification society, Bureau Veritas, after several months of a joint research and innovation program.
Continue reading “Bunkering ship concept accepted by Bureau Veritas”
The Panama Canal Authority (ACP) and Miguel Hincapie, Panamanian Foreign Vice Minister, Saturday confirmed that the Canal’s third set of locks will be complete in time for the scheduled opening date of April 2016, local media reports.
The ACP in a public statement asserted that the completion of the expansion project has “reached 94 percent completion, and everything indicates that in April 2016 the new locks will come into commercial operation.”
Speaking on arrangements for the opening ceremony, Hicapie said that heads of state and government officials will be invited from 70 countries, as “related to trade with the Panama Canal.”
Continue reading “Panama confirms April 2016 opening for Canal expansion”
The shipping industry is in a state of transition as it adjusts to increasingly strict emissions standards set forth by regulators in a new green shipping project. The European Parliament recently stated its aim to reduce emissions by more than 40 percent by 2030. The International Transportation Forum has also proposed reducing emissions by more than 50 percent by 2080, as well as taxes on those who exceed regulations.
And with the U.N. Climate Change Conference on the horizon, it is possible that emissions regulations will only get more stringent. Government officials and industry leaders are scrambling to innovate to stay ahead of new rules.
In a joint program with the Norwegian government, Oslo-based DNV GL recently launched the Green Coastal Shipping Programme which aims to create the most environmentally-friendly vessels in the world.
Continue reading “Green shipping project set to be launched in Norway”
Ultrasonic Antifouling Limited, market leaders and pioneers of the original hull and sea chest clearing technology, has launched the UltraSystem PowerPlus.
The PowerPlus – which is the latest development in the company’s ‘Ultra’ Series – is the result of 3 years of research, development and comprehensive testing and is twice as powerful as the Series II which has been the company’s flagship product for the past 5 years. The new product has been specifically designed with larger yachts and superyachts in mind.
The PowerPlus combines ultrasonic antifouling’s intelligent and unique software with their advanced digital control program (ADCP) to deliver a higher concentration of ultrasound. This prevents bio-fouling on hulls and sea chests, increasing performance whilst at the same time monitoring temperature, voltage and output loads. PowerPlus uses a wide range of key frequencies between 20 and 140 KHz, which is unique to the UltraSystem, and utilises high quality 50w multi-frequency mounted piezoelectric crystal transducers.
Continue reading “UltraSystem PowerPlus launched by Ultrasonic Antifouling”
Deltamarin Ltd and Brevik Technology AS, a VARD affiliate, have joined forces by developing a novel multigas carrier design, which is expected to change the nature of the gas carrying industry. The concept combines in unprecedented way the successful design of Deltamarin’s B.Delta and the new-generation patented cylindrical gas tanks by Brevik Technology.
By combining the readily available and proven B.Delta design and separate cylindrical gas containment tanks, a cost-efficient and easy-to-build solution is now available to the gas carrier market. The design can be utilised for LNG, LPG, LEG and ethane carriers.
Continue reading “Revolutionary new multigas carrier design launched”
Overall shipping confidence levels rose in the three months ended August 2015 to their highest level this year, according to Moore Stephen’s latest Shipping Confidence Survey. Respondents to the survey were concerned predominantly about low freight rates and overtonnaging, with continuing doubts also expressed about private equity funding. In August 2015, the average confidence level expressed by respondents in the markets in which they operate was 5.9 on a scale of 1 (low) to 10 (high). This compares to the 5.3 recorded in May 2015, which equalled the lowest figure recorded in the life of the survey, launched in May 2008 with a confidence rating of 6.8. All main categories of respondent recorded an increase in confidence this time, most notably charterers (up from 4.2 to 6.5) and owners (up from 5.1 to 5.8). The confidence of brokers, meanwhile, was up from 4.8 to 5.2, and that of managers from 6.1 to 6.4. Geographically, confidence was up in Asia from 4.9 to 5.8, in Europe from 5.3 to 5.9, and in North America from 6.0 to 6.3.
Continue reading “Shipping confidence levels rising says latest Moore Stephens research”
New industry statistics released by industry trade body Superyacht UK, show that the British superyacht sector is riding the wave of economic recovery. The research, for the year 2014/15, is launched as global visitors travel to watch British companies showcase their best at this year’s Monaco Yacht Show.
The key findings include:
Industry revenue has grown by +10.2% year-on-year, to £542 million
48% of those surveyed reported an increase in profits
The sector now contributes £304 million in GVA to UK GDP
An increase in demand has also led to an increase in work load, full time jobs and more valuable order books:
Continue reading “Research shows rising revenues and jobs growth in the British superyacht sector”
In response to increasingly demanding fire safety and fuel economy rules present within the superyacht industry, Glass Deco has announced a new compliant, weight-saving glass development. The new, patented lamination method meets the new fire requirements as laid down in the Passenger Yacht Code (PYC) and IMO regulation.
In addition, the European glass manufacturer has also announced the development of various techniques to save weight with the use of ultrathin glass; an advanced technique that the business states will be welcomed within the superyacht industry to compensate for the increasing popularity and weight of intricate glass design on board.
Continue reading “New PYC compliant glass for superyachts developed by Glass Deco”
JS Ineos Insight is the first of a series of eight 27,500m3 ethane powered ships and multi-gas Dragon-class vessels being built at Sinopacific, China, for Denmark’s Evergas. The vessel is configured for transport of ethane, LPG or LNG. It has options for ethane, LNG and conventional diesel power.
“The ability to burn ethane as well as LNG to power these vessels is a major step forward in the use of clean fuels. It means the vessels can use cargo gas during transits to provide a clean and clear commercial and environmental advantage. We have worked with Evergas and the Danish Maritime Authority to verify and ensure that the use of ethane is at least as safe as required by the IGC and will not impair the engine compliance with MARPOL Annex VI,” said Martial Claudepierre, business development manager at Bureau Veritas
Continue reading “Bureau Veritas classes first ethane powered ships”
The International Maritime Organization (IMO) has taken action to warn ship Masters of the possible dangers of liquefaction associated with carriage of bauxite, following consideration of findings from the investigation into the loss of the 10-year-old Bahamas flag bulk carrier Bulk Jupiter, which was carrying 46,400 tonnes of bauxite when it sank rapidly with 18 fatalities in January 2015.
A circular approved by IMO’s Sub-Committee on Carriage of Containers and Cargoes (CCC), meeting this week at IMO Headquarters, warns ship Masters not to accept bauxite for carriage unless:
Continue reading “IMO warns on bauxite liquefaction dangers”
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