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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 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

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

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 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

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.

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 Technologies Receives $125 Million Order From Petrobras


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 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 Approves Northwest Seaport Alliance

Photo: Port of Seattle

Upon competitive review and analysis of the Port of Seattle/Port of Tacoma Alliance Agreement, the U.S. Federal Maritime Commission (FMC) has voted unanimously to allow the Northwest Seaport Alliance to become effective as scheduled on July 23, 2015.  

Oakland Terminal Operators Propose Off-peak Hours

Photo: Port of Oakland

Marine container terminal operators at the Port of Oakland are developing a program to operate their terminal gates on Saturdays to reduce weekday congestion at the port. The new program, called OakPass, is expected to begin in the fourth quarter of this year, pending review by the U.S

Cordero Reconfirmed as FMC Commissioner

Mario Cordero (Photo: FMC)

Mario Cordero was reconfirmed today as a U.S. Federal Maritime Commissioner.   Cordero joined the Federal Maritime Commission (FMC) as a Commissioner on June 3, 2011, having been nominated by President Barack Obama on September 17, 2010, and confirmed by the Senate on April 14, 2011

Final OTI Rules Approved

Federal Maritime Commission logo

  The Commission voted at its meeting 22nd October to issue a final rule on ocean transportation intermediary (OTI) licensing and financial responsibility requirements, and directed staff to prepare an advanced notice of proposed rulemaking concerning service contracts and NVOCC service

Senate Confirms Doyle to Another Term

William P. Doyle

The United States Senate confirmed William P. Doyle to another term in office as a Federal Maritime Commissioner on the evening of March 23, 2015.  The vote was a unanimous 89 in favor, 0 opposed, and 11 senators not voting.   Upon confirmation, Commissioner Doyle said

Pacific Ports Agreement Clears FMC Review

Photo: Port of Los Angeles

The Pacific Ports Operational Improvements Agreement (FMC Agreement No. 201227) is set to become effective on April 17, 2015 after the Federal Maritime Commission (FMC) voted unanimously for its approval.   The commission said its review included evaluation of information received from the

FMC Chairman Addresses PEMA Ports Program

Mario Cordero (Photo: FMC)

U.S. Federal Maritime Commission (FMC) Chairman Mario Cordero addressed the Professional Environmental Management Association (PEMA) at its Annual Ports Program held in Seal Beach, California. The Chairman spoke on the subject of congestion at U.S

FMC Beats 1Q Profit Forecasts

Image: FMC Technologies

 The Houston-based subsea specialist FMC Technologies Inc. (FTI) reported first-quarter earnings of $147.6 million, beating Wall Street expectations.   The average estimate of 34 analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share on a per-share basis

FMC Honors Crowley for Green Initiatives

Rendering of Crowleys LNG-powered combination container and roll-on/roll-off (ConRo) ships, the first in the world, designed for service between the U.S. and Puerto Rico. (Image: Crowley)

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives.   The announcement was made during a Professional Environmental Management

Committee to Consider Coast Guard Authorization Bill

The U.S. Committee on Transportation and Infrastructure, chaired by U.S. Rep. Bill Shuster (R-Pa.), will mark up legislation this week that authorizes United States Coast Guard (USCG) and Federal Maritime Commission (FMC) funding levels for two years

Seattle, Tacoma Prepare for Seaport Alliance

Terminal 46 in Seattle (Photo: Port of Seattle)

The Northwest Seaport Alliance hits key milestone as ports of Seattle, Tacoma prepare to unify marine cargo management   A draft of the final agreement between the ports of Tacoma and Seattle has been released, heralding a milestone in the formation of a Seaport Alliance that will unify the

BW Offshore FPSO Inspected Off Nigeria

Goldblatt Tide (Photo: Tidewater Subsea)

Tidewater Subsea & T1 Marine complete BW Offshore FPSO inspection offshore Nigeria     Tidewater Subsea, in affiliation with its local Nigerian joint venture company, T1 Marine, has completed mooring and hull inspections program for BW Offshore's Sendje Berge FPSO.  

Seattle, Tacoma to Submit Seaport Alliance Proposal

Taking another step in forming The Northwest Seaport Alliance, commissioners from the ports of Tacoma and Seattle voted Friday to submit a final agreement to the Federal Maritime Commission (FMC) for approval.   The Northwest Seaport Alliance will unify the two ports’ marine cargo

UASC Exempted from Controlled Carrier Rules

Photo: UASC

The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier list which aims to stop price fixing among state-owned shipping companies.  

RFAI Key to Monitoring West Coast Agreement - FMC

FMC Commissioner William P. Doyle

  Following is the statement of FMC Commissioner William P. Doyle follows: We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement

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