Marine link
 

FMC

FMC Technologies Unit Agreement Extension With Statoil

FMC Technologies, Inc. announced that its FMC Energy Systems business has signed an extension of its existing subsea service agreement with Statoil ASA to provide technical services and subsea equipment for an additional two years, with an option for two more years beyond that. Under the terms of the extension, FMC Energy Systems expects to receive approximately $60 million per year. The agreement comprises technical services in connection with completion, workover, installation, maintenance and other activities associated with subsea field development. The contract also includes provision of additional equipment for Statoil-operated fields previously supplied by FMC Kongsberg Subsea AS, the Company's Norway-based subsidiary. "We are pleased that Statoil has extended this service agreement," said Peter D. Kinnear, Vice President -- FMC Energy Systems. "This reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our relationship with Statoil."


FMC Issues Notice

The Federal Maritime Commission (FMC) has issued a notice stating that it is extending the period in which comments may be submitted in regards to the investigation of shipping restrictions, requirements, and practices of the People's Republic of China. The FMC is extending the comment date to June 27, 2002.


FMC Reopens Comment Period for Service Contract Petitions

The Federal Maritime Commission (FMC) issued a series of orders reopening the comment period, through January 16, 2004, on the petitions by non-vessel-operating common carriers (NVOCCs) for exemption from the prohibition against use of confidential service contracts. Interested persons may also request one-on-one meetings with individual Commissioners to describe their views. The FMC also denied several motions by parties to be allowed to submit reply briefs.


FMC to Determine Whether PRPA Entitled to Sovereign Immunity

The Federal Maritime Commission (FMC) issued an Order directing parties in three ongoing disputes involving the Puerto Rico Ports Authority (PRPA) to file additional briefs specifically addressing whether or not PRPA is an arm of the government of the Puerto Rico and entitled to sovereign immunity for purposes of actions brought before the FMC by third parties. Source: HK Law


FMC Compromise Agreements

The Federal Maritime Commission (FMC) issued a Notice reporting that it entered into nine compromise agreements with vessel-operating common carriers (VOCCs), ocean transportation intermediaries (OTIs), freight forwarders, and proprietary shippers regarding alleged violations of the Shipping Act of 1984. Under the agreements, the FMC will recover an aggregate amount of $549,000 in civil penalties. Source: HK


LEGAL: FMC Investigates Exclusive Tug Agreements

The Federal Maritime Commission, or FMC, is currently making a formal investigation into exclusive tug franchise arrangements in ports in Florida and the lower Mississippi River area. The issue is whether these licenses, with which marine terminal operators grant exclusive towing licenses to certain tug companies, are unreasonably anticompetitive and violate the Shipping Act of 1984. The FMC initially began an inquiry into supposed exclusive franchise agreements involving some tug operators


Supreme Court Finds States Immune from FMC Action

In a sharply divided decision (5-4), the U.S. Supreme Court ruled that the concept of sovereign immunity protects states from having to answer private complaints before the Federal Maritime Commission (FMC). In the instant case, a cruise line filed a complaint with the FMC against the South Carolina State Ports Authority alleging that the Authority violated the Shipping Act of 1984 when it refused berthing space and passenger services


MPA Entitled to Sovereign Immunity in FMC Action

The Federal Maritime Commission (FMC) ruled that the Maryland Port Authority is entitled to sovereign immunity from the regulatory adjudication of a privately-filed Shipping Act complaint. In the instant case, a marine terminal company filed an action with the FMC alleging that the port authority was violating the Shipping Act of 1984 in its negotiations with the company on lease terms. In this long-running action, the FMC found the port authority to be an arm of the State of Maryland and


FMC Commissioner Comments on Key Shipping Issues at LA Forum

Commissioner William P. Doyle: Photo credit FMC

U.S. Federal Maritime Commissioner Doyle spoke to the Global Shippers Forum in Los Angeles and discussed Ro/Ro price fixing matters; the newly approved cooperation agreement between the ports of Seattle and Tacoma; the first PVO company to take advantage of the alternative bonding mechanisms; China VAT; Commission's 6 (g) Analysis, and the Suez/Panama Canal routes. Extracts from the Commissioner's address at the Forum follow:


FMC Technologies Receives $125 Million Order From Petrobras

20101230034335ENPRN077750-PRN-FMC-TECHNOLOGIES-LOGO-n`077-1293680615MR.jpg

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010.  Equipment deliveries are scheduled to begin in 2013.


FMC Forum to Address US Port Congestion

FMC_seal.JPG

U.S. Port Congestion: Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders and Exploring Possible Solutions" Monday


FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services


Ocean Freight Contract Management Post-P3

Intermodal container lift: File photo

The recent decision by Chinese antitrust authorities to block approval of the P3 Ocean Carrier Alliance has increased the demand for Ocean Contract Management. In response, Freightgate is offering free demonstration of its award winning Rate & Tender Management Tariff-Trek! Solution.


FMC Commissioner Doyle on P3 Final Decision

FMC Commissioner William P. Doyle

U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding China’s decision on the proposed P3 Network: The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping


China Strikes Down P3 Network

A CMA CGM containership in China (Photo courtesy of CMA CGM)

The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S


FMC's Doyle: LNG Bunkering Needs to Move Forward

FMC Commissioner William P. Doyle

FMC Commissioner William P. Doyle delivered the keynote address to LNG Bunkering North America conference Vancouver, Canada, providing insight into LNG as a marine fuel and LNG bunkering. "Liquefied Natural Gas (LNG) bunkering in North America is moving forward


P3 Shippers Pleased with EU Affirmation

Photo courtesy of CMA CGM

The P3 Network – the long-term operational vessel sharing agreement proposed by CMA CGM, MSC and Maersk Line is subject to regulatory review in jurisdictions in North America, Europe and Asia. In the European Union (EU), the P3 Network was required to conduct a self-assessment


US FMC Commissioner Visits Panama Canal Expansion Sites

Official photo of Commissioner Doyle

Counsel to the U.S. Federal Maritime Commission informs that  Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several


FMC Commissioner Approves Amended G6 Alliance Agreement

Commissioner William P. Doyle: Photo credit FMC

Commissioner William P. Doyle of the U.S. Federal Maritime Commission has voted in favor of the amended G6 Alliance Agreement.  Commissioner Doyle highlighted the U.S.-Flag international trade, U.S. mariner jobs and environmental benefits


Several Cruise Voyages Altered by Houston Spill

Caribbean Princess (Photo: Princess Cruises)

The Federal Maritime Commission (FMC) issued a notice to cruise passengers affected by the Houston ship channel oil spill stating that several cruise voyages have been altered or rescheduled. Royal Caribbean International’s Navigator of the Seas seven-night Western Caribbean March 23


Heavy Cargo Barge 'Prometheus' Launched at Gunderson Yard

Scots Pipers at Launch: Image credit Marcon

Brokers Marcon International were in attendance and inform of the launch of the 300’ x 100’ x 20’ heavy deck cargo barge “Prometheus” (Hull No. 104) built and designed by Gunderson Marine, Portland, Oregon, for Ulysses LLC.


FMC Commissioner Doyle Gives Qualified Thumbs Up to P3 Network

Official photo of the Commissioner

"I am in favor of not taking any further action to delay the implementation of the P3 Network Vessel Sharing Agreement," announced FMC Commissioner William P. Doyle. (The P3 Network Alliance consists of container shipping  companies A.P


FMC Recovers $350,000 in Penalties

FMC_seal.JPG

The Federal Maritime Commission (FMC) announced that it has completed compromise agreements recovering a total of $350,000 in civil penalties. The agreements were reached with a vessel-operating common carrier and three non-vessel-operating common carriers (NVOCCs)


America's VSE Corp. Awarded NAVSEA Foreign Navy Contracts

VSE Corporation informs that its International Group has received several delivery orders totaling more than $13.4M to continue work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet


Hearing: Environmental Regs’ Impacts on Maritime Transportion

The Subcommittee on Coast Guard and Maritime Transportation, chaired by Rep. Duncan Hunter (R-Calif.), will hold a hearing next week examining the impacts of federal environmental regulations on maritime transportation. This will be the second part of a two-part hearing to review the status






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright