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
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
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
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
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
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.
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
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
The Maritime Administration (MarAd) has approved a vessel sale and transfer under section 9 of the Shipping Act, of 1916, as amended. MarAd has given approval to Dewey Seymore & Associates, of Folsom, California, to sale the deck barge EM1005, to China Harbour - Costain Mexico S. de. R.L .de. C.V., Mexico and transfer of said Vessel to Mexican registry and flag. The deck barge was built by Bollinger Marine Fabricators and has a gross tonnage of 1072.
The US Coast Guard has established a temporary safety zone closing to navigation the Atchafalaya River from Mile Marker 117 (Morgan City Railroad Bridge) to Mile Marker 0 (Simmesport, Louisiana). This action is necessary to protect against destruction, loss, or injury due to hazards associated with rising flood water. The safety zone will be in effect through July 31. 76 Fed. Reg. 35104 (June 16, 2011). Source: Bryant’s Maritime News
Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final preparations for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail
Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer. Based in Seattle, Nguyen-Bull will lead Foss's Legal and Risk Management Group, where in addition to providing counsel on legal issues and business
The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister of Oceans and Fisheries is important for further developing the close co-operation.
Korea and Denmark both have ambitious national plans for a transition to greener and more energy efficient economies. The Danish-South Korean Green Growth Alliance met for roundtable talks. The Minister for Business and Growth’s meeting with the South Korean Minister of
The Danish-led e-navigation project, EfficienSea2, got one step closer to being launched when a core element of the project – Maritime Cloud – was debated by a group of international maritime organisations and companies.
The Port of Ipswich is hosting Associated British Ports’ (ABP) two-day annual Marine Conference for the first time starting today. Held at the Old Custom House on the Ipswich waterfront, the conference is an annual event for more than 30 marine professionals who represent
The Port of New Orleans is set to host the 2nd Annual Maritime Workforce Summit and Career Expo presented by WWL-TV’s ‘We Choose Louisiana.” Designed to expand awareness of the economic impact of commerce on the Lower Mississippi River and highlight career
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced it will provide more than $1 million to support the development of two new emission-reducing maritime solutions. The first is a liquefied natural gas (LNG) conversion demonstration project
Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals, bearings and associated solutions to hydropower installations and industrial plants
Maritime surveillance technique & technology in the new millennium In 2014, Forbes Associate Director for Maritime Services at Control Risks stated that maritime risks are on the rise. Mariners and ship owner/operators experienced a 26% spike in maritime piracy and armed robbery since
Dr. Shashi N. Kumar, Academic Dean at the U.S. Merchant Marine Academy (USMMA), has accepted a position to serve as Deputy Associate Administrator and National Coordinator for Maritime Education and Training at the headquarters of the Maritime Administration (MARAD).
The UK Chamber of Shipping has signed a Memorandum of Understanding with the Society of Maritime Industries and British Marine, to set out the basis for the three organisations to work together for the benefit of the industry as a whole.
Frank Coles has been appointed as Chief Executive Officer and member of the Board of Directors for Transas Marine, a provider of equipment, software and system integration for the maritime industry. A maritime business professional, Coles brings to the position leadership experience in
The need to regulate and police the maritime domain to tackle global threats is as pressing as ever, according to Phil Cable, CEO and cofounder of maritime security company MAST. “The global threats faced by the maritime environment, whether it be terrorist, pirate
The International Maritime Organization (IMO) announced it has taken action to warn ship masters of the possible dangers of liquefaction associated with carriage of bauxite, following consideration of findings from the investigation into the loss of the 10-year-old Bahamas flag bulk carrier