FMT INDUSTRIES

TY Offshore Launches Eighth of Eighteen FMT Industries Barges

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.  

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

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

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

Evergreen Calls on Industry to Protect the Environment

Evergreen Vice Group Chairman Chang Kuo-Cheng urged the international transportation industry to “come together – ocean carriers, ports, terminals, inland carriers and shippers – to develop new ways to protect the environment for future generations while we maintain the efficiency of our global network”. As the keynote speaker at the annual Transpacific Maritime Conference (TPM) in Los Angeles, Mr Chang, who is also Chairman of Evergreen Marine Corporation, said:

Slow Recovery for GoM Oil Industry

The Gulf of Mexico's offshore petroleum industry is far from recovering from hurricanes Katrina and Rita, and at least one-sixth of the region's normal daily oil production will still be offline at the start of next storm season, the AP reported. Katrina and Rita destroyed 115 of the Gulf's 4,000 production platforms and damaged another 52, according to a report released last week by the Minerals Management Service, which manages federal offshore leases

Industry Reflects on Container Ship Success

It was 50 years ago that Malcom McLean, an entrepreneur from North Carolina, loaded a ship with 58 35-foot containers and sailed from Newark, N.J., to Houston. He was the first to design a transportation system around the packaging of cargo in huge metal boxes that could be loaded and unloaded by cranes. Container shipping eventually replaced the traditional "break-bulk" method of handling crates, barrels and bags, and stowing them loose in a ship's hold

S.F. Cruise Ship Industry Growing

San Francisco’s cruise ship industry is booming. After years of declining business, the dry dock’s return to financial health means blue-collar jobs growth, tourist spending by visiting crews, sales tax for the city and fees for the Port of San Francisco. At least six, and possibly eight, cruise ships will be dry-docked there this year, up from one in 2000. Each contract generally ranges from $1 million to $5 million for piping, electrical, plumbing and painting upgrades

Standard Absorption Clause Welcomed by Industry

Insurance underwriters and average adjusters have welcomed the recent publication of BIMCO’s Standard General Average Absorption Clause. It is hoped that the initiative will help to promote a broad move away from declaring general average for small and uneconomic claims in all sectors of the industry. The Standard Absorption Clause is designed to be of benefit both to shipowners and insurers by avoiding the time and expense associated with pursuing small general average claims

Global Industries to Acquire ETPM

Global Industries, Ltd. has signed a definitive purchase agreement to acquire ETPM, SA, a leading international offshore construction company wholly-owned by Groupe GTM, the construction affiliate of French utility Suez Lyonnaise des Eaux. The combined company will be the largest offshore construction company in market capitalization with combined 1998 revenues of approximately $1.3 billion. ETPM provides a full range of turnkey services, including design, procurement, fabrication