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AMERICAN CONSTRUCTION

Kvaerner, Longview Power Reaches Settlement

  Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning the Longview Project and the subsequent bankruptcy cases of Longview Power, LLC. Under the agreements, Kvaerner North American Construction Inc. will receive an aggregate amount of USD 48 million from various parties. In consideration, Kvaerner North American Construction Inc. will settle certain claims and release the Mechanics' Liens filed against the Longview power plant properties in Maidsville, West Virginia, and will waive all objections in the ongoing Longview Power, LLC bankruptcy proceedings. The settlement is subject to approval in the bankruptcy proceedings. The approval is expected to take place in January 2015 with the receipt of the above-referenced amounts anticipated to occur in February 2015. The financial effects of the agreement will be recognised in Kvaerner's first quarter 2015 accounts.  The main financial effects will be reduction of retained assets in the group's balance sheet of USD 48 million. The agreements, upon approval, significantly reduce Kvaerner's uncertainty regarding the final financial outcome of the arbitration and resolve all counterclaims from Longview Power, LLC.


Herschler Joins North American Marine Consultants

Captain Casey Herschler, Director of New Business Development, North American Marine Consultants

Captain Casey M. Herschler Joins North American Marine Consultants.   Captain Casey M. Herschler has been named Director of New Business Development for North American Marine Consultants. Capt. Herschler will be responsible for developing new business ventures including new vessel and barge construction as well as conducting vessel, structure, facility and cargo surveys, insurance assessments and monitoring new construction, conversion and repair processes for clients.


ACL Acquires Interest in Environmental Firm

American Commercial Lines Inc. (ACL) has invested in a 30 percent stake in a newly formed entity with environmental services contractor Summit Contracting, Inc. The financial terms of the investment were not disclosed but are not material to the company. The new company, Summit Contracting, LLC will provide emergency response, environmental remediation, industrial and civil construction services. In addition to continuing to service its established customer base of major transportation


K-Sea Signs Barge Contract Extension

K-Sea Transportation Partners LP, said it signed a $40m contract extension for barge construction with the manufacturing arm of American Commercial Lines. The company said the construction of four 50,000 barrel tank barges will begin in first quarter of 2009, with delivery of the first vessel scheduled for December of that year. The three other vessels will be completed in three month increments after that, K-Sea said. The contract extends the barge construction agreement through 2010.


Great Lakes Shipyard Winter Season Contracts

Great Lakes Shipyard Facility: Photo credit Great Lakes Shipyard

Great Lakes Shipyard contracted by Interlake Steamship Company to perform winter work services on two vessels. Two more vessels have arrived: Interlake Steamship vessels, the ATB Dorothy Ann and the Pathfinder, are in Cleveland and  docked at Great Lakes Shipyard's facility. A variety of work is to be done, including: miscellaneous steel work, generator maintenance, main drive unit maintenance, and other miscellaneous tug and barge repairs and maintenance.


American Club Elects First China Director

Members of the American P&I Club have elected the first director to come from The People’s Republic of China (PRC). At the annual meeting in New York, Lianyu Zhu of CCCC International Shipping Corporation, Tianjin, was elected to the board for the forthcoming year. Mr. Zhu’s company is a subsidiary of China Communications Construction Company, a major state-owned enterprise (SOE) which is, among other things, the largest port construction and design company in the PRC


Congress Promotes Commercial Shipbuilding

The House Armed Services Seapower and Expeditionary Forces Subcommittee received testimony on the Federal Ship Loan Guarantee Program, also known as Title XI, which facilitates financing of commercial ship construction in U.S. shipyards. Cynthia L. Brown, President of the American Shipbuilding Association, testified on the importance of funding and improving the program to increase commercial ship construction in the U.S.


Schechtman Promoted at Parsons Brinckerhoff

Jeffrey Schechtman

Jeffrey Schechtman has been named Deputy Regional Business Manager for the Southeast region of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering and program/construction management organization. In his new position, Schechtman will work with managers in the nine states that comprise Parsons Brinckerhoff’s Southeast region to enhance relationships with key clients, expand business development opportunities, and invigorate marketing and pursuit efforts


Braemar Sub-Licenses FSP Containment System

Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-license to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the license it holds with General Dynamics NASSCO to utilize its patents in the design and construction of FSP LNG containment systems.    FSP technology has been developed for marine LNG transport and can also be used in a range of


American Cruise to Build New Coastal Cruise Ship

Photo: American Cruise Lines

 American Cruise Lines, operator of the newest cruise ships in the United States, announced today that it has begun construction on a new coastal cruise ship, yet to be named.    The news of this addition is the most recent in a series of announcements pertaining to American Cruise Lines’ continued expansion of their all-American made fleet. The ship is scheduled to begin cruising in spring of 2017.  


Marine News Boat of the Month: March 2017

Image: AAM

Red & White Taps AAM for Hybrid Electric U.S.-Built Passenger Vessel   All American Marine (AAM) in February announced a deal for the construction of a new hybrid electric, 600 passenger aluminum monohull vessel to be delivered to the Red and White Fleet of San Francisco, Calif


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.


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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.  


Wijnne Barends to Build New Ships in India

Photo: Wijnne Barends

 Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with India shipbuilder Chowgule & Company for the construction of six identical, energy-efficient vessels, local media reported.   The shipyard in Goa will  build this energy-efficient


Biofuels Can Cut Some Transport Emissions

File Image (CREDIT: AdobeStock)

Growing use of electric vehicles around the world is helping lower climate changing emissions, but some means of transport will be hard to electrify, particularly air travel and shipping, energy experts say.   To “decarbonise” those


NASSCO Delivers Final Tanker for SEA-Vista

Liberty (Photo: General Dynamics NASSCO)

U.S. shipbuilder General Dynamics NASSCO has delivered the third and final ship for SEA-Vista LLC as part of the builder’s larger eight-ship ECO Class tanker program.    The LNG-conversion-ready Jones Act tanker Liberty was delivered on March 1


Speaking at Newport News, Trump Calls for Navy Buildup

Image: Adm. John Richardson, chief of naval operations, Mike Petters, HII president and CEO and President Donald Trump touring Gerald R. Ford (CVN 78)  (CREDIT: HII)

President Donald Trump said on Thursday he wants a U.S. military buildup of more ships and planes to "project American power in distant lands," making his case for a proposed $54 billion increase in defense spending that has U.S. lawmakers squabbling.  


Legislators Call for US-flag LNG Carriers

© Wojciech Wrzesien / Adobe Stock

New legislation proposed this week would require up to 30 percent of U.S. liquefied natural gas (LNG) exports to travel on U.S.-flagged vessels.   The U.S. is expected to continue ramping up its LNG exports in the coming years and become a net exporter by 2020, yet there are currently no U.S


Public Offering Fetches $47.7mln for Nordic American

Photo: Nordic American Offshore

 Nordic American Offshore (NAO) has closed the follow-on offering of 40,000,000 common shares at a public offering price of $1.25 per share resulting in aggregate net proceeds of approximately $47.7 million.    The proceeds could be slightly in excess of $50 million


Seaspan Makes Leadership Moves

Steve Roth, President of Seaspan Ferries Corporation (SFC) (Photo: Seaspan)

Seaspan Ferries Steve Roth has been promoted to President of Seaspan Ferries Corporation (SFC). In this position, Steve will continue to have the primary accountability for the overall performance of the SFC business unit, including management of day-to-day operations of SFC


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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.  


OP/Ed: New Year, New Opportunity

WCI_AerialFleet.jpg

The start of a new year often brings change, but in the nation’s capital, 2017 means a new President and Administration, and a new Congress. Waterways Council, Inc.’s objective remains the same as it has since our start in 2005: to advocate for a modern


Apply Now for the MN100

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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.


Becker Marine Systems Establishes Itself in the US

Photo: Becker Marine Systems

For more than two years, Becker Marine Systems has been represented by a branch office in Houston. During this time, the Hamburg-based ship supplier has worked to position itself in the North American market, generating numerous orders for the company’s various product ranges.  


Carl Vinson Celebrates 35th Anniversary of Ship's Commissioning

Official U.S. Navy file photo of The aircraft carrier USS Carl Vinson (CVN 70) transits the South China Sea. (U.S. Navy photo by Mass Communication Specialist 3rd Class Devin M. Monroe

 The crew of the aircraft carrier USS Carl Vinson (CVN 70) celebrated the ship's 35th commissioning ceremony March 13 while on a regularly-scheduled Western Pacific deployment.    Capt. Eric Anduze, Carl Vinson's executive officer






 
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