EASTERN MARINE

Eastern Shipbuilding Delivers Third Tiger Shark Vessel to Harvey Gulf

Eastern Shipbuilding Group Delivers Third “Tiger Shark Class” Vessel to Harvey Gulf International Marine. Eastern Shipbuilding Group, Inc. is pleased to announce the early delivery of the HARVEY CHAMPION, the third of three (3) 292 ft. Tiger Shark Class, Offshore Support Vessels being constructed for Harvey Gulf International Marine, LLC of New Orleans, LA. The HARVEY CHAMPION was delivered on August 7th, 2012 after successfully completing dock trials, sea trials and DP trials. The HARVEY CHAMPION is the 10th vessel that Eastern Shipbuilding Group, Inc. has built and delivered to Harvey Gulf International Marine, LLC. since 2002.   Launched in February, the HARVEY CHAMPION is a DP II, SOLAS approved, FIFI 1 Classed, AC Diesel-Electric powered, twin Z-drive propelled OSV measuring 292’ X 64’ X 24’-6”.  This high-tech vessel features four Cummins QSK60-DM 16-cylinder turbo-charged Tier II diesel generator engines that are rated 1825 Kw at 1,800 rpm provided by Cummins Mid-South.  Main propulsion is provided by two Converteam/GE furnished Hyundai 2500 Kw 690v AC motors driving two Schottel SRP 2020 FP Z-drives with nozzles rated at 2,500 Kw at 1,025 rpm each for a total of 6,704 Hp.  Schottel also provided two STT 4 fixed pitch tunnel thrusters rated at 1,180 Kw at 1,170 rpm each with direct coupled Hyundai 690v AC electric motors

Lang Expands Management Team

Lang Manufacturing Company, cooking solutions provider, has appointed new sales managers for its national and international sales coverage. Kenneth Fader was named national accounts manager for the eastern region; Mark Pumphret as eastern regional sales manager, and Jon Walker as director of government contracts, marine & international sales.

McDermott Marine: Volume is Up

McDermott Marine: Volume is Up McDermott International, Inc. reported net income of $19.3 million on revenues of $591.2 million for the quarter ended September 30, 2001. Earnings were up 245% as compared to the same quarter last year, when net income was $5.6 million, or $0.09 a diluted share. Revenues increased by more than 50% over the third quarter last year, when revenues were $391 million. Operating income was $33.6 million in the third quarter of 2001, compared to $12

Maritrans Announces Fourth Quarter 2003 Earnings Release and Conference Call

Maritrans Inc. announced it will release December 31, 2003 quarterly earnings on the afternoon of Monday, February 9, 2004. Walter Bromfield, Chief Financial Officer, joined by Stephen Van Dyck, Chairman, and Philip Doherty, Chief Executive Officer, will host an investor conference call on Tuesday, February 10, 2004, at 10:00 am eastern time to discuss the results. To access the conference call, dial 1-800-731-1045. Following the teleconference

MMS Study of Loop Current in Eastern GOM

A study released by the Minerals Management Service examines the circulation in the Eastern Gulf of Mexico (GOM) and sheds new light on the behavior of the Loop Current (LC) and Loop Current Eddies (LCEs), the relation between the upper- and lower-layer currents, and the variability of water mass characteristics in deepwater. When the LC and the LCE are present in the Gulf near oil and gas activities, operators may have to curtail or amend their operations due to the strength of the current

STX Marine Awarded Eastern Shipbuilding Contracts

STX Marine will provide the designs for two new contracts recently secured by Eastern Shipbuilding Group in Panama City, Fla. The first contract is for a 310-ft Multi-Purpose Light Construction Vessel for Harvey Gulf International LLC.  The new LCV300, to be named Harver Deep-Sea, will be an enhanced version of the STX Marine’s SV300 currently being constructed for Harvey Gulf Marine at Eastern Shipbuilding and will include accommodation for 71 persons; a 165 tonne AHC deck crane;

Sri Lanka Begins Building Berth At Eastern Port

The Sri Lanka Ports Authority has begun construction of a $16 million berth in the eastern Trincomalee Harbor to increase cargo handling, according to ports ministry officials. Work on the new berth, which will be able to handle both break-bulk and container traffic and would accommodate vessels up to 50,000 tons, is expected to be completed by July 2001. Trincomalee Harbor, approximately 150 miles northeast of the capital Colombo

Rowan Provides Contract Status of Offshore Rigs

Rowan Companies, Inc. announced that the current contract status of its offshore drilling fleet. In the Gulf of Mexico: Gorillas II, III, IV and VI are each operating under well-to-well contracts. Eastern Canada - Gorilla V completed a one-well contract on September 18 and is now in Halifax Harbor. Though the outlook for 2003 is favorable, the near-term outlook for additional work offshore eastern Canada is uncertain

CMB Acquires 27% of Anglo-Eastern Group

CMB announces that its 100% subsidiary Bocimar Hong Kong has concluded an agreement to acquire a 27% stake in the Anglo-Eastern Group (www.angloeastern.com). The Anglo-Eastern Group primarily focuses its activities on the provision of ship management, crew management and newbuilding consultancy services. The acquisition is still subject to due diligence. CMB expects to finalise this acquisition in the course of the month of August.

Hornbeck Announces 2Q Earnings Release and Conference Call Schedule

Hornbeck Offshore Services, Inc. announced that it will release its second quarter 2008 financial results at approximately 6:00 a.m. Eastern on Thursday, July 31, 2008. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, July 31, 2008 at 10:00 a.m. Eastern (9:00 a.m. Central).