“With the UT 790 CD, we can support offshore exploration and production further and deeper while at the same time improving safety and minimizing the impact on the environment,” said Svein Kleven, Rolls-Royce Chief Design Manager – Offshore.The unique hull piercing design is designed to allow the vessel to run continuously at service speeds regardless of the sea state reducing fuel consumption and improving crew comfort.
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Saturday, June 13, 2009
New Wave Piercing Design for Offshore
In Oslo at Norshipping 2009 Roll-Royce debuted an innovative wave piercing design for the offshore market, the new UT 790 CD vessel design.
BBC Chartering steps up rebranded Asia Pacific presence
Singapore: Following the move to dissolve Asia Project Chartering Pte Ltd (APC) effective next month, Leer-based BBC Chartering is undertaking a number of developments to reinvigorate and enhance its presence in Asia Pacific markets.
The company is a specialist in heavy and over-dimensional project cargo shipping. Trades previous served under the APC brand will now be operated under the BBC Chartering name. The APC SAFE Line between Asia and the East Coast of South America is being renamed BBC Americana Line Far East Service, whilst the APC SAFE Line between Asia and the West Coast of South America will be rebranded BBC Andino Express Line Far East Service.In the rebranded trades, BBC Chartering will continue to operate from representative offices in Singapore, Tokyo, Dalian, Melbourne and Dubai, all of which will operate under the BBC Chartering name. An additional office will be opened in South Korea (Seoul) from July 1st 2009.
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Dockers’ action in Belgium leads to reprieve on five-point plan
Targeted industrial action by dockers in Belgium over employers’ inclusion of a controversial “five-point plan” in bargaining negotiations has won an agreement to put the proposal on hold.
The workers represented by two ITF-affiliated unions - ACV-Transporten Communicatie and the Belgische Transportarbeidersbond (BTB) - and the trade union federation, Algemene Centrale van Liberale Vakbonden van België, took part in stoppages on 8 June. Antwerp, Ghent and Zeebrugge were affected.The dock workers were in dispute over port employers’ insistence on including a five-point plan in the workers’ collective bargaining negotiations for 2009/2010. The plan includes provisions to: hire workers several times a day, rather than for every shift; change the functions of some dock workers so that they no longer have “registered docker” status; reduce docker-specific social security allowances when work is not available and cut weekend and night-time working allowances. The plan would seriously impact on the dockers’ working conditions, as the employers attempt to force workers to bear the brunt of the economic crisis.
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The workers represented by two ITF-affiliated unions - ACV-Transporten Communicatie and the Belgische Transportarbeidersbond (BTB) - and the trade union federation, Algemene Centrale van Liberale Vakbonden van België, took part in stoppages on 8 June. Antwerp, Ghent and Zeebrugge were affected.The dock workers were in dispute over port employers’ insistence on including a five-point plan in the workers’ collective bargaining negotiations for 2009/2010. The plan includes provisions to: hire workers several times a day, rather than for every shift; change the functions of some dock workers so that they no longer have “registered docker” status; reduce docker-specific social security allowances when work is not available and cut weekend and night-time working allowances. The plan would seriously impact on the dockers’ working conditions, as the employers attempt to force workers to bear the brunt of the economic crisis.
China Eyes 35% Share of Global Shipbuilding by 2011
China is seeking to expand its share of the global shipbuilding industry to more than 35 percent by 2011, aiming to raise production to 50 million tons by then, the State Council said in a detailed industry stimulus plan.
The plan includes government support for qualified companies pursuing listings and issuing bonds. The cabinet also said it would expedite the process of setting up an industry investment fund.Financial institutions will be urged to boost credit to shipbuilders and support mergers and acquisitions in the industry. Domestic buyers of long-range ships will benefit from the stimulus plan with financial support from the government, which at the same time is trying to reduce overcapacity. Currently, Chinese shipyards have a combined production capacity of 28.81 million DWT, accounting for 29.5 percent of the world's total, official figures showed. China’s shipbuilding industry has struggled with plummeting orders and overcapacity since the economic crisis triggered a collapse in Chinese trade.
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USA. Fountain Powerboats seeks additional capital
Fountain Powerboat Industries, Inc. (PINKSHEETS: FPWB) has announced that it has retained an investment banker to assist the company in exploring strategic alternatives.
Fountain has hired Jacobs Capital, based in Raleigh, North Carolina, to seek a partner that can provide additional capital to the company to support its operations during the present economic downturn and to help finance future growth. According to Fountain Chairman and CEO Reggie Fountain, "The present market for boating is not immune to the same forces impacting the auto industry and the overall economy. Fountain Powerboats is one of the premier brands in the powerboat industry, and we plan to be a survivor of the current industry shakeout. We have unparalleled customer loyalty, which has allowed us to see less falloff than most of our competitors. From experience, we know the companies that come through this recession will be poised to capture even greater market share."
Fountain has hired Jacobs Capital, based in Raleigh, North Carolina, to seek a partner that can provide additional capital to the company to support its operations during the present economic downturn and to help finance future growth. According to Fountain Chairman and CEO Reggie Fountain, "The present market for boating is not immune to the same forces impacting the auto industry and the overall economy. Fountain Powerboats is one of the premier brands in the powerboat industry, and we plan to be a survivor of the current industry shakeout. We have unparalleled customer loyalty, which has allowed us to see less falloff than most of our competitors. From experience, we know the companies that come through this recession will be poised to capture even greater market share."
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