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Floating Production Systems: US$11+ Billion on Order

FPSO Mystras: Photo CCL 2

The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a  $3 billion FPSO for Nigeria (a record price for an FPSO), two $1.8 billion FPSOs for Brazil, a $1.8 billion FPSO for the UK, a $1.3 billion production barge for the Congo and a $1.0 billion FPSO for the Gulf of Mexico, 269 floating production units now in service or available – This figure is 22% greater than five years ago, almost 80% higher than ten years back. FPSOs account for 61% of the existing systems. The balance is comprised of production semis, tension leg platforms, production spars, production barges and floating regasification/storage units. Thirteen units (12 FPSOs, 1 Semi) are off field and available for reuse – resulting in an overall utilization rate of 95.2%. Another 93 floating storage/offloading units (without production capability) are in service. 72 production floaters are on order – Current order backlog consists of 40 FPSOs, 6 production semis, 5 TLPs, 4 spars, 1 barge, 4 FLNGs and 12 FSRUs. Delivery of the equipment will grow the production floater inventory by 27%. In the backlog are 46 units utilizing purpose- built hulls, 26 units based on converted tanker hulls and 1 unit being modified from an existing production semi Of the production floaters being built, 41 are owned by field operators

Happy Birthday to Us!

Greg  Trauthwein, Editor & Associate Publisher

This year Maritime Reporter & Engineering News celebrates its 75th Anniversary. Founded by  in 1939, the publication today reigns as the largest audited publication serving the global maritime industry, with a circulation of more than 35,000. While the publication, with its signature size and booming red logo, easily remains our most recognizable brand, unlike 1939 when it was the stand-alone information product of the company

Expo Attracts Top Officials

Top security and maritime officials from more than 22 countries will come together in New York next week to explore solutions for improving the security of international maritime trade in the United States and abroad. ”The Expo has become a truly global event, with speakers and exhibitors coming from all over the world,” said Michael Rosenberg, vice president, Security Division at E.J. Krause & Associates, the Expo organizer. “Maritime security is a crucial piece in the U.S

MarAd Appoints new Associate Administrator for National Security

The Maritime Administration (MarAd) has appointed Kevin M. Tokarski its new Associate Administrator for National Security.  In his new role as associate administrator, Tokarski will provide leadership and oversight to the Office of Emergency Preparedness, the Office of Sealift Support, the Office of Ship Disposal, and the Office of Ship Operations and its three divisions: Atlantic Operations, Gulf Operations and Pacific Operations. 

Seebald Wins Port Authority Bid for Security Officer Training

Buffalo, N.Y. – Seebald and Associates International announced that they have been awarded a two- year contract with the Port Authority of New York and New Jersey (PANYNJ) to provide Facility Security Officer (FSO) training to approximately 400 individuals throughout the Port of New York and New Jersey. All Facility Security Officers (FSO) and alternates for companies which own or operate a designated 105 facility are required by law to be trained in accordance with 33 CFR 105

SMART Institute Conference Focuses on Skilled Professionals

Colton Hendrick & Blake Snapp are back preparing for their next journey out on the waters as new maritime interns with Higman Marine Services

  After 20 days offshore, Colton Hendrick and Blake Snapp are back on land, preparing for their next journey out on the water as new maritime interns with Higman Marine Services. And they love it. "It can be tough work at times, but the beauty is seeing the sun rise and set each day," said Snapp. Plus, the money and job security are incentives as well. Both Snapp and Hendrick stand to earn approximately $100,000 by the fifth year of their first maritime job

ABS Elects Carlsson, Wolcott and Goulandris to Board

Lars Carlsson, President, Concordia Maritime AB, Douglas Wolcott of Wolcott Associates, and Peter George Goulandris of Capeside Steamship Company Ltd. were elected to the ABS Board of Directors, by the ABS Council, following yesterday's Annual Members Meeting of the classification society in New York. All three have a long association with the governance of ABS and have previously served on the classification society's Board.

Tuvalu Joins IMO

Tuvalu has become a Member of IMO, following its deposit, on 19 May 2004, of an instrument of acceptance of the Convention on the International Maritime Organization, as amended, with the Secretary-General of the United Nations. With the accession of Tuvalu, the number of IMO Member States stands at 164, with three Associate Members, which are: Faroe Islands (Denmark); Hong Kong (China); and Macao (China).

Somali Pirates Try to Seize Dutch Ship

According to a report from the Associated Press, Somali pirates armed with rocket-propelled grenades and automatic weapons attacked a Dutch-operated container ship off the coast of Tanzania but failed to hijack the vessel, a maritime official said Dec. 7. Eight pirates in two speedboats chased and opened fire at the ship about 520 miles east of Dar es Salaam in Tanzania, starting a fire on the vessel that was quickly doused by the crew

SHIPPINGInsight Conference Makes Debut in 2012

Press Release Logo.jpg

Charlottesville, Va.  –  A new maritime industry conference, scheduled for October, 2012, in Stamford, Conn., will provide a forum for discussion of fleet optimization and efficient ship operations, according to its organizers. The SHIPPINGInsight Fleet Optimization Conference is being co-produced by Soccoli Associates LLC, a maritime consultancy, and Rhodes Communications Inc., an international communications firm specializing in the maritime industry

MANSA, NMIS Ink MOU for Skill Development

Signing the MOU between MANSA & NMIS on 19th November 2015. Photo MANSA

  Mumbai and Nhava-Sheva Ship-Agents Association (MANSA) and Narottam Morarjee Institute of shipping (NMIS) signed a Memorandum of Understanding for lauching a facility for training employees as well as aspirants in the shipping trade as a Corporate Social Objective. 

IMO Assembly Elects New 40-Member Council

Photo: International Maritime Organization (IMO)

 The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2014-2015 biennium:    Category (a) 10 States with the largest interest in providing international shipping services: China, Greece, Italy, Japan, Norway

Bill on Danish Maritime Planning Submitted

Courtesy DMA

  The bill is to form the basis of a maritime planning act intended to promote economic growth and development of sea areas. The Danish Maritime Authority is to head the work. The bill on maritime planning gives the guidelines for the drawing up of a holistic marine plan for Denmark's sea

Fugro to Survey off Equatorial Guinea

Photo courtesy of Fugro

Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea.   Under the contract Fugro will deploy three of its specialist vessels - Fugro Searcher

DP World Now Sole Owner of Southampton Box Terminal

Dubai-listed ports operator DP World has became sole owner of the company which operates Southampton container terminal after it bought the remaining 49 percent stake held by Associated British Ports (ABP), the company said on Monday. DP World also said it extended the license agreement for DP

American Salvage Association Names New Officers

Immediate Past-President Paul Hankins congratulates new ASA President Todd Schauer (Photo: ASA)

The American Salvage Association (ASA) has elected a new slate of officers at its fall meeting on September 21 in Stamford, Conn.   Todd Schauer, Resolve Marine Group was elected President, succeeding Paul Hankins, Donjon Marine Co., Inc., who served as President from 2013-2015

VSTEP, Poseidon to Bring NAUTIS to Philippines

Photo courtesy of VSTEP

Two international developers and suppliers of maritime-related educational and operational products, solutions and services, VSTEP and Poseidon Asia, Inc. (PAI), have forged an alliance to bring the NAUTIS maritime simulators and training apps to the Philippines.

Next Steps for IMO/Norad Project

Photo: IMO

Senior officials from the six southeast Asia countries benefiting from an IMO-Norwegian Development Cooperation Agency (Norad) marine environment project are meeting for a second meeting in Bangkok, November 9-10, to review progress and discuss the next steps.  

Viega Becomes Partner Member with SCA

Viega LLC has announced its membership with Shipbuilders Council of America (SCA), making it the first member representing the state of Kansas.   SCA’s mission aims to support and promote the American shipyard industry, which includes ship builders

Integrated Training, Travel Solution to Meet New STCW, OPITO Regulations

  GAC Training and Service Solutions (GTSS), the specialist provider of world-class training for maritime personnel, has announced an agreement with ATPI Griffinstone, part of the ATPI Group, one of the leaders in travel solutions for the shipping and energy industries

Picked up Pickup

Photo: USCG

The maritime industry often presents unusual hazards to those who perform the wide variety of work associated with the business of shipping – especially at waterfront facilities.   A pickup truck was recently dragged into a harbor by a mooring line that was being hauled in by a

Ericsson, Inmarsat to Streamline Supply Chain

Inmarsat and Ericsson have signed a strategic maritime agreement that is intended to facilitate the sharing of cargo, logistics and vessel operational data to help streamline the maritime supply chain.   The two companies will jointly develop services

PwC Greece Establishes Maritime Sustainability Center

PwC Greece has  introduced a new team of specialists focusing on sustainable business in the shipping sector, the Maritime Sustainability Center, led by the well-known shipping sustainability expert, Ms. Helena Athoussaki. Working within PwC’s Shipping Advisory Group

Final Phase of Maritime Technology & Training Center Underway

Photo courtesy of San Jacinto College

The San Jacinto College Maritime Technology and Training Center is in its final phase of construction before its January 2016 debut.   Construction has been ongoing since last Fall. The facility will serve as the site for certificate and associate degree maritime training delivered through U

Thordon Wins Environmental Award

Thordon Bearings’ George Morrison was presented with the Tanker Shipping & Trade Environmental Award for the COMPAC system (Photo: Thordon Bearings)

COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system allows shipowners to cost-effectively comply with stringent marine pollution rules.  

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