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MARITIME ASSOCIATES

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


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


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. 


SHIPPINGInsight Conference Makes Debut in 2012

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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


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


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.


Secretary Slater Dedicates New Seaway Vessel Traffic Control Center

U.S. Secretary of Transportation Rodney E. Slater dedicated a new vessel traffic control center at the Saint Lawrence Seaway's Eisenhower Lock. This fully automated system, operated by the U.S. Department of Transportation's Saint Lawrence Seaway Development Corporation (SLSDC), will improve vessel tracking capabilities on the seaway, making maritime travel safer and more efficient. "This new center will provide users with a seamless source of vessel traffic information covering all sections


E-Procurement Streamlined via the Cloud

Joseph E. Royce, CEO of MPS, aims to enhance the purchasing cycle via its cloud-based Direct Connect  e-procurement trading platform.

Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software, consultancy services and other customized solutions through its Direct Connect e-procurement trading platform that is designed to unite


Six Washington Students Earn Maritime Scholarships

Left to right: Bethany Shimasaki, Rosie Wilcox, Donald Lay, Connor Vincent, Christine Kimball and Alyssa Scott

The 11th annual Norm Manly Puget Sound Maritime (PSM) / Youth Maritime Training Association (YMTA) Maritime Educational Scholarship competition was held on Saturday, April 18, 2015 at Compass Course Maritime Training. Six high school seniors in Washington State were awarded the 2015 YMTA


Indian Cabinet Okays Shipping Pact with Jordan

Indian PM Narendra Modi (Official page of Modi)

 The Union Cabinet of India has given its approval for signing of a shipping agreement between India and Jordan. The Union Cabinet was chaired by Prime Minister Narendra Modi.    An official press release said the government had decided to sign the agreement with a view to


US Ports Boost Economic Impacts

Photo: Port of Los Angeles

Since last nationwide analysis in 2007, U.S. seaport contributions to economy up dramatically    Lancaster, Pa.-based Martin Associates, a provider of economic and strategic assessments of the world’s transportation systems


GE Contracted to Service Australian Navy Frigates

LM2500 (Image: GE)

GE has signed an in-service support contract with the Australian Defense Materiel Organization’s Maritime Cross-Platform Systems Program Office.  Under the contract, GE will provide maintenance and logistic support services for the Royal Australian Navy’s (RAN) GE LM2500


U.S. Ports Account for 26% of Nation’s Economy

China Shipping & Evergreen vessels at Port Authority of New York & New Jerseys Port Newark Container Terminal. Photo Credit: Photo courtesy of Port Authority of New York and New Jersey

From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.6 trillion.    This accounted for 26 percent of the nation's $17


KR Releases Writable Version of KR-CON Software

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Korean Register (KR) – an IACS member classification society – has released a writable version of its KR-CON software and associated App to allow greater flexibility and enhance user experience. KR-CON is an a software package comprising an international database program containing


Shipping is Cutting CO2 Emissions

Image: United Nations News Centre

 London-based shipping advisors Drewry Supply Chain Associates said that shipping liner operators have made significant inroads into cutting CO2 emissions.   In its April Logistics Executive Briefing for Importers and Exporters, Drewry Supply Chain Advisors concludes that “overall


Box Ship Oversupply Stoking Trouble

Source: Drewrys Container Forecaster

Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research.   Drewry forecasts another year of excess growth in relation to


How to Approach Maritime Cyber Security

Luke Ritter

Be the Hammer, not the Nail when it comes to  Maritime Cyber Security Maritime security professionals understand the value of a layered approach to risk management. Cyber security posture continues to develop as a critical component of a maritime security strategy


China Defends South China Sea Reclamation

China on Thursday sketched out plans for the islands it is creating in the disputed South China Sea, saying they would be used for military defence as well as to provide civilian services that would benefit other countries. Chinese Foreign Ministry spokeswoman Hua Chunying told a news briefing


Zambia is Newest IMO Member State

IMO Secretary General Koji Sekimizu with His Excellency Paul William Lumbi, High Commissioner of the Republic of Zambia to the United Kingdom (Photo: IMO)

High Commissioner visit marks Zambia’s membership of IMO   His Excellency Paul William Lumbi, High Commissioner of the Republic of Zambia to the United Kingdom, on Wednesday, April 8 paid a courtesy visit to the Headquarters of the International Maritime Organization (IMO)


Robert Allan Ltd. Named CIMarE Charter Member

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Robert Allan Ltd. announced its election as the Charter Corporate Member of the Canadian Institute of Marine Engineering (CIMarE) Roll number 0001.   CIMarE national council created the corporate membership class in an effort to further engage corporations, organizations


Murray & Associates Hosts 4th Fishing Challenge

Photo courtesy of Murray & Associates

A group of industry professionals from the commercial maritime sector gathered in Fort Lauderdale, Fla. on March 28 to participate in Murray & Associates LLC’s 2015 Fishing Challenge.   The naval architect and marine engineering group hosted the tournament for the fourth


Imports Rising as West Coast Ports Recover

File photo: MARAD

Import cargo volume at the nation’s major retail container ports is expected to rise 8 percent this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed






 
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