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FMT INDUSTRIES

TY Offshore Launches Eighth of Eighteen FMT Industries Barges

Photo: TY Offshore

TY Offshore, LLC launched the FMT 3256, the eighth of eighteen 297’6” x 54’ x 12’, 30,000 barrel tank barges for FMT Industries, LLC, one of the several companies within the Florida Marine Group. FMT Industries recently exercised its option for four additional barges from its original order of ten. The barges are being built at TY Offshore’s Gulfport, Mississippi facility. Additional barge launches will follow at thirty day intervals. TY Offshore continues with builds, orders and milestones: •Total of six Harvey Gulf International 302’ x 64’ (92m x 19.5m) Dual Fuel Supply Vessels, Harvey Gulf having exercised its option for three additional DFSVs from its original order of three. •Two of a total order of 10 90’ MK V patrol boats are also under construction, eight having already been delivered. •Up to 15 42’ waterjet propelled aluminum hull/composite superstructure crewboats under construction. •In early 2012, TY Offshore delivered two Signet Maritime Corporation 100’ RAstar 3100 Class Terminal Support/Escort Tugs. •In response to the BP oil spill, TY Offshore delivered a total of 23 oil recovery vessels.  


Horizon Delivers 140’ Towboat for FMT

Photo: Horizon Shipbuilding

Horizon Shipbuilding, Inc., Bayou La Batre, Alabama, has delivered the seventh 140’ towboat for Florida Marine Transporters (FMT). The vessel is named for FMT’s long-time Captain Phillip Box. The M/V Capt. Phillip Box was launched in April, 2014 at Horizon’s Bayou La Batre facility using its 600 metric ton TraveLift. This TraveLift is one of the largest on the Gulf Coast and allows for efficient launch of new vessels as well as quick repair projects.


Genesis Energy Acquires FMT Business

Genesis Energy, L.P. has completed the previously announced acquisition of the black oil barge transportation business of Florida Marine Transporters, Inc. and its affiliates (FMT). The purchase price was $141 million plus customary adjustments. The acquired business is comprised of 30 barges (seven of which are being sub-leased under similar terms of an existing FMT lease) and 14 push/tow boats which transport heavy refined petroleum products


Horizon Delivers FMT's M/V BREES

M/V Brees

Bayou La Batre, August, 2011 - Horizon Shipbuilding, Inc., Bayou La Batre, AL, has delivered the third in a series of 120’ Towboats to Florida Marine Transporters of Mandeville, LA.   The M/V Brees joins her sister ships, M/V’s Capt. W. D. Nunley and Capt. Kirby Dupuis in pushing cargoes throughout the inland waterways of the United States. “This boat is a true workhorse,” said Ben Forrest, Project Manager for the M/V Brees


AAPA Cruise Seminar to Explore, Assess Industry Issues

Photo: AAPA

April 24-26 event in San Francisco to cover new developments and opportunities in cruise management, planning and compliance The American Association of Port Authorities’ (AAPA) 2013 Cruise Seminar in San Francisco, April 24-26, will kick off with a candid look inside the cruise industry from the perspective of four key cruise line executives and end with a tour of the Port of San Francisco to see the impact of the America’s Cup on port operations


New Drydock for FMT Shipyard and Repair

Photo: Gulf Island Marine Fabricators

Gulf Island Marine Fabricators has recently delivered a new drydock named the J.B. Barthelemy to FMT Shipyard and Repair.   The new drydock, which is 180 feet long and 73 feet wide with 63-foot clearance between the wingwalls, seven-foot deep pontoon with 18-foot high wing walls, has a 2,400-short-ton capacity and will be located at FMT Shipyard and Repair yard on the Harvey Canal.    The drydock has a 225 kilowatt genset provided by Kennedy Engine


Indonesia Promotes Ship Component Industry Abroad

According to a September 18 report from The Jakarta Post, the Industry Ministry plans to reinvigorate Indonesia’s ship component industry with a roadshow that is scheduled to meet potential investors from several East Asian countries, including Japan, China and South Korea. The ministry’s director general for transportation, telecommunications and IT industries, Budi Darmadi, said that a strong domestic ship component industry was needed to improve the nation’s shipbuilding


Landing School Develops Women’s Program

WIMI logo.jpg

The Landing School, a post-secondary institution focused on educating tomorrow’s marine industry professionals, announced the development of a community program, the Women in the Marine Industry Initiative. Developed by The Landing School, the intent of this initiative is to support women who are in or wish to join the marine industry in Maine and beyond. The primary goal of the program is to inspire, educate and lead women to a fulfilling and successful career in the marine industry


Horizon Delivers 2 Towboats to FMT

John Cox

  Horizon Shipbuilding Inc. recently delivered two towboats to Florida Marine Transporters. The towboats are the 120’ GIANNA HULL and the 80’ JOHN COX. This is the third vessel Horizon has delivered to Florida Marine Transporters this year. Horizon Shipbuilding, Inc. is a leader in the shipbuilding Industry. We are technologically advanced in our owner created collaboration software. We use the system he created to manage projects in real time thus creating an


Norway Exempts Idled OSV's From License Fee

Owners of ships serving the oil industry will be exempt from paying license fees for 2016 on vessels that have been mothballed, Norway's industry minister said in a statement on Tuesday. The price of crude oil has plunged 70 percent since mid-2014, leading to cutbacks in oil industry investments and lower demand for supply ships, anchor handlers and construction vessels. The fee per ship registered in Norway is about 35,000 Norwegian crowns ($4,000) per year


ABS Makes it Safer to ‘Walk to Work’

ABS promoting the security of life and property and preserving the natural environment through the development and verification of standards

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers. “As advanced crew transfer options become the norm in the offshore oil and gas


Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday. An accident with coastal tanker Trident Star caused the oil spill on Wednesday, they said.


Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.


Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts to cut costs as new vessel orders slide amid a volatile global economy.


IWSA to Host Wind Propulsion Forum at SMM

Image: IWSA

 The International Windship Association (IWSA) will host its annual Wind Propulsion Innovation Forum at SMM2016 in Hamburg, including an extensive agenda with expert speakers and panelists that aim to provoke discussion and debate about wind propulsion as key to the future of sustainable


MN100: Klüber Lubrication NA LP

(Photo: Klüber Lubrication)

The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements


MN100: Safety Management Systems, LLC

Bill Mahoney (Photo: Safety Management Systems, LLC)

The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders. Clients include a broad range of operators including Genesis Marine, American River Transportation Company, Seabulk Towing


JSMEA to Host Smart Ship Seminar at SMM

Dr. Hideyuki Ando (Image: JSMEA)

Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve


The Economics of Ship Breaking & Scrapping

Photo Credit iStock rajami2

Sometimes being an industry supplier offers interesting insights – your business is touched by the ups and downs of the charter market, but you are never so involved in it that you lose sight of the big picture. Some of our clients have been hit hard by the market’s general downturn;


MN100: MarineCFO

(Image: MarineCFO)

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution into the maritime industry found UA developing industry specific solutions for marine clients


Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects demand for commodities to pick up this year. Africa's biggest shipping group, which is present in 37 countries worldwide


SMM 2016: World Premieres from around the Globe

Photo courtesy of SMM

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,150 exhibitors from 67 countries, presenting their most innovative products and services


Why Maritime Museums Matter

Photo: GulfQuest

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask, “Does maritime still play a significant role in today’s society?” The answer, of course


Asia’s Biggest Container Shipper Posts Loss

Photo: China COSCO Holdings Company Limted

 Asia’s largest container shipping company China Cosco Holdings Co  posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn net profit seen during the same period last year as excess capacity dragged down cargo rates.  


Seaspan Raises $80 Mn from Shares Sale

Image Courtesy Seaspan Corporation

Seaspan Corporation announced today the close of the sale of its previously announced public offering of 3,200,000 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") for gross proceeds of $80 million.






 
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