Friday 5 December 08 - 08:25
 

News

  • Agreement Breaks Scopic Rates Deadlock

    01 Jan 2006

    The International Salvage Union (ISU) and the International Group of P&I Clubs have reached a New Year agreement which has cleared the way for an increase in the tariff rates for personnel engaged in salvage operations under Lloyds Form where the SCOPIC Clause (Special Compensation P&I Club) has been incorporated and invoked. This agreement is supported by the organisations representing shipowners and property insurers. 

  • Trelleborg Acquires CRP

    01 Jan 2006

    Sweden's Trelleborg Group has acquired the Lancashire UK based CRP Group of companies for £70m. CRP, whose operations relate primarily to systems for the subsea sector of the oil and gas business, will slot into Trelleborg Engineered Systems within the Trelleborg Group. As a result of the acquisition, oil and gas related operations within Trelleborg are expected to increase to 8% of total Group sales. 

  • P&O Ports Takeover Cliffhanger

    01 Jan 2006

    Investors in the P&O ports and ferries group must feel like Christmas is ongoing as the Singapore government's investment fund Temasek, which already owns the world's number two container terminal operator Port of Singapore Authority (PSA), made its long anticipated counter-approach through PSA for the P&O group in response to the £3.3bn bid put forward by Dubai Ports World in November. The PSA offer, valuing P&O at £3.5bn, precipitated a surge of P&O shares to 498.5p, well above PSA's valuation of 470p and DP World's original offer of 443p. 

  • UK Port Rail Plan

    01 Jan 2006

    s UK Port of Felixstowe applied last month for permission under the Transport and Works Act (TWA) to improve the existing single track branch line between Trimley St Mary and Levington. 

  • New MCA Search & Rescue Helicopter Contract

    01 Jan 2006

    The UK's Maritime and Coastguard Agency last month awarded a five year interim contract for the provision of Coastguard search and rescue helicopter services to CHC Scotia. The contract provides for commercial SAR helicopter from civilian operated bases at Sumburgh, Stornoway, Lee-on-Solent, and Portland, running for a five year period from 1 July 2007. 

  • RNLI Launches 'Tamar' at London Boat Show

    01 Jan 2006

    The RNLI officially unveiled its new Tamar Class all-weather lifeboat at the London Boat Show earlier this month. 

  • Babcock & Brown March on Maritime Europe

    01 Jan 2006

    Acquisitive Australian investment group Babcock & Brown has bought into UK port operations with the purchase of PD Ports and into the growing European marine renewable energy market with the purchase of Energis. 

  • Boskalis' Boom Year

    01 Jan 2006

    Dutch dredging giant Royal Boskalis Westminster has announced anticipated net profits for 2005 will be up by at least 80% on 2004, when the company posted a figure of ?32.3m. A large intake of orders late in the year, including a ?0.8bn project in Qatar, has doubled the order book from a year ago. Turnover for 2005 is expected to be up some 15% on the 2004 figure of ?1bn. 

  • Box Terminal Gets Go Ahead

    01 Jan 2006

    Associated British Ports (ABP) welcomed the Government decision last month to permit construction of the proposed Quay 2005 container terminal at the company's northern Port of Hull. The two berth development would be built on the riverside in front of the present Alexandra Dock and will allow the port to accommodate larger boxships than can currently be handled and meet expected growth in shortsea container traffic. 

  • Night Vision in Europe

    01 Jan 2006

    Hampshire UK based Eurotask Ltd has been appointed European distributor for US based Night Vision Technologies Inc (NVTi) and will handle their range of night and day vision systems used for security and surveillance within the marine industries. The NVTi systems use a combination of thermal, Generation III light intensified, low light, and colour camera technologies to detect, observe and identify all types of activity or objects in any light. 

  • Fuel Conditioning Deal

    01 Jan 2006

    ITT-Jabsco has signed an agreement with America's Algae-X International for the sale and distribution of Algae-X fuel maintenance and management systems to the European marine industry. Algae-X is a range of fuel conditioning equipment which optimises the performance and reliability of diesel engines by keeping tanks clean and protecting injection systems. Additional benefits include enhanced combustion, reduced fuel consumption, lower emissions and less maintenance. 

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