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11 Nov 2010

Offshore Update: Waiting on Feds to Issue Permits

Offshore supply vessel Michael G. McCall, Gulf Craft’s most recent delivery, could not get work in the Gulf of Mexico. Seacor chartered it for operations off the west coast of Africa. The 190-ft by 34-ft vessel was delivered in July 2010. (Photo courtesy Gulf Craft, LLC)

Marine companies along the Gulf of Mexico have seen little new business since the offshore drilling moratorium was lifted in early October as oil producers apply for permits and decide how to navigate costly safety regulations. At Bollinger Shipyards, Inc., one of the top U.S. boat builders, Chief Executive Officer Boysie Bollinger, said “we're waiting for BOEM to start issuing offshore drilling permits…

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