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ClassNK Helps Shipyards Comply with EEDI Requirements

first_imgzoom ClassNK has released the new PrimeShip-GREEN/MinPower software.PrimeShip-GREEN/MinPower was developed to help shipyards comply with the EEDI requirements of the Amendment to MARPOL Annex VI by calculating minimum propulsion power requirements in compliance with the IMO 2013 Interim Guidelines for Determining Minimum Propulsion Power to Maintain the Manoeuvrability of Ships in Adverse Conditions.To evaluate minimum propulsion power requirement, added resistance in irregular waves should be calculated based on ship’s Lines. Calculating added resistance in waves can be difficult especially at initial design stage. That is why ClassNK developed a simplified formula to calculate added resistance in waves using only basic information such as main ship specifications, allowing designers to easily evaluate the minimum propulsion power requirement for their ships.In addition, ClassNK has released an updated version of the PrimeShip-GREEN/PSTA software, which was initially released in June 2013 to provide shipyards with an easy means of calculating progressive speed trial analysis in compliance with the ISO 15016:2002 standard recognized in IMO guideline 2012 Guidelines on Survey and Certification of the Energy Efficiency Design Index (EEDI). Recently, a new draft of ISO 15016 was released. In order to support the industry’s smooth application of this future standard, ClassNK has released a new version of PrimeShip-GREEN/PSTA to help familiarize users with the new software and future requirements of this draft.PrimeShip-GREEN/MinPower and PrimeShip-GREEN/PSTA are provided to shipyards free of charge.ClassNK, April 15, 2014last_img read more

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ONGC energises revenue by 116 to Rs 26759 crore in Q4

first_imgNew Delhi: State-owned Oil and Natural Gas Corp (ONGC) Thursday reported a 31 per cent drop in its March quarter net profit as it faced a double whammy of a drop in production and fall in prices. Net profit in January-March at Rs 4,045 crore was 31.6 per cent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year, the company said in a statement. While oil production dropped 5 per cent to 4.8 million tonne, the price it realised for every barrel of crude oil sold was 3.6 per cent lower at $61.93. Also Read – SC declines Oil Min request to stay sharing of documentsGas production, however, rose 8.2 per cent to 6.275 billion cubic metres. Also, gas price climbed 16.3 per cent to $3.36 per million British thermal unit. Revenue was up 11.6 per cent to Rs 26,759 crore in the fourth quarter of 2018-19 as compared to Rs 23,970 crore a year back. Oil and Natural Gas Corp board approved a final dividend of 15 per cent (Rs 0.75 per share). This is on top of interim dividends of 125 per cent (Rs 6.25 a share) declared previously for 2018-19 fiscal. Also Read – World suffering ‘synchronized slowdown’, says new IMF chief”The total dividend payout for FY’19 would be Rs 8,806 crore (excluding dividend distribution tax),” the statement said. For the full fiscal 2018-19, net profit jumped 34 per cent to Rs 26,716 crore while revenue was up 29 per cent at Rs 109,655 crore. Oil and Natural Gas Corp said it made 13 discoveries in FY19. “Of the 13 discoveries, 8 discoveries were made in onland (Nomination-6, NELP-2) and 5 in offshore (Nomination-2, NELP- 3). Out of 13 discoveries, 5 discoveries were monetised during the year itself,” it said. The statutory levies rose to Rs 7,188 crore in the quarter from Rs 5,764 crore in the year-ago quarter while expenditure under depreciation, depletion, amortization and impairment has increased to Rs 4,883 crore from Rs 3,245 crore a year earlier. ONGC has deposited a total of Rs 4,180 crore as service tax, GST and the applicable interest in response to the tax demand by authorities while it is contesting the order legally. The Company has received demand orders from Service Tax Department at various work centres on account of service tax on royalty, and has filed appeals against such orders before Tribunal, the company said. At March-end, ONGC’s borrowings fell to Rs 21,594 crore from Rs 25,592 crore a year earlier. The ONGC Board has also recommended a final dividend of Rs 0.75 per share.last_img read more