With the desire to improve the training of our employees and therefore the service we provide to our customers, Nicol & Andrew moved to the Canary Islands to train our staff.


    Originally founded in 1952, Nicol & Andrew was the first company of its kind to carry out in-situ machining and repairs on marine propulsion units such as diesel engines. The in-situ marine repairs allows a very rapid response and total dedication to getting the equipment back in running order in the minimum possible time.


    For ten days a training has been conducted in our facilities enabling us to grind and polish crankpin in situ without dismantling and removing the engine crankshaft.


    This saves time and cost and can repair 90% of damaged cranks. Currently our equipment allows for crankpin machining between 170-325 mm in diameter and 140-400 mm wide materials although for other measures, Nicol & Andrew would supply the necessary material.


    If you need more information about this and others services, please contact us.

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    The European Commission has ruled that the new Spanish system for the early depreciation of the cost of certain assets acquired through finance leasing does not constitute state aid under EU rules, inter alia because it is not selective.


    Joaquín Almunia, Commission Vice-President in charge of competition policy, said: “Following a long discussion, we have been able to approve a new finance lease scheme that is compatible with EU state aid rules on the basis of the latest proposals submitted by the Spanish authorities. This new, non-selective scheme will, in particular, make it possible to address the concerns of the Spanish shipbuilding sector without distorting competition in the EU Single Market”.


    The scheme notified by the Spanish authorities makes it possible to deduct for tax purposes the cost of certain assets acquired through leasing as soon as their production begins, without having to wait for them to enter into commercial use. It therefore adds to the possibility already available to Spanish taxpayers of accelerating the deduction of such costs by reference to the payments made under a leasing contract.


    The Commission’s investigation showed that the scheme does not constitute state aid under EU rules, since it does not favour some undertakings over others. The scheme applies to all types of tangible capital assets acquired through leasing, provided they are manufactured according to the purchaser’s technical specifications (goods which can be mass-produced are therefore excluded) and that it takes at least a year to produce them. Goods produce outside Spain are eligible in the same way as those produced in Spain. The measure is, furthermore, automatic and not subject to prior approval by the tax authorities.



    The previous version of the scheme for early depreciation of assets acquired through leasing is one of the tax measures, referred to collectively as the ‘Spanish Tax Lease System’ or Sistema Español de Arrendamiento Fiscal, which are currently the subject of an in-depth investigation by the Commission. The decision adopted today authorises application of the new early depreciation measure in the future. This decision is without prejudice to the conclusions the Commission may draw concerning the compatibility of the earlier version of the scheme.


    Good news for Zamakona Yards and the shipbuilding sector in Spain. 

    Source: European Commission

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    Last week, in Zamakona Shipyard Bilbao, we layed the keel in the tuna purse seiner. The keel-laying certificate was issued by Bureau Veritas.


    Echebastar Fleet SLU has entered into a contract with Zamakona Yards for a 1,900m3 tuna purse seiner, scheduled for delivery in January 2014. The investment will be about €30m which will be financed by the owner’s own resources as well as external financing, still to be defined.


    This will be the first of a new generation of tuna vessels, designed and developed by Cintranaval-Defcar. The ship is equipped with the latest technology to detect fish, freezing systems and tuna handling.


    The 88m long, 14m wide vessel will have a capacity for 1,900m3, and is arranged to transport up to 1,330t of tuna. The ship will be fitted with 20 cargo tanks (freezing and storage) for tuna. The fish catch will be frozen by brine pickle dive in the cargo tank, and then conserved dry frozen in the same tank.


    “Building this vessel represents to Zamakona Yards a significant milestone in its history. We want to express our thanks to the directors board of Echebastar for the trust given to our yard, and confident that all expectations in this project will be fulfilled in excess”, says Pedro Garaygordobil, president of Zamakona Yards.


    For this project, Echebastar and Zamakona have committed to use local suppliers as much as possible. The order will give a workload of about 350,000 hours, or two years, of guaranteed work for both.

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  • CONSULTATION ON MARINE KNOWLEDGE 2020: from seabed mapping to ocean forecasting

    Last August 29th, the European Commission published the Green Paper “Marine Knowledge 2020 from seabed mapping to ocean forecasting”.


    This Green Paper opened a debate on the best strategy for moving forward to accessible, sustainable digital mapping of European seabeds, as well as timely information on the present and past physical, chemical and biological state of the overlying water column and forecasts for the future, together with a process that helps Member States maximise the potential of their marine observation, sampling and surveying programmes.


    The European Commission, via Maritime Affairs, welcomes contributions from citizens, organisations and public authorities.


    If you wish, you can also reply in an individual capacity. All contributions will be published on the internet although the names of those replying in an individual capacity will not be published. No contact details will be published.


    The Commission has set up a website for responses. You can consult the Green Paper here, and you can leave your opinion in this poll. This website will be open till 15 December 2012.


    This is a great chance to express your opinion about this matter in an open poll. Do not miss this opportunity.

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