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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

WFW Advises Teekay on Major Financing Initiatives

LNG Ship Docked Watson Farley & Williams

International law firm Watson Farley & Williams LLP (“WFW”) advised long-standing client Teekay on the successful completion of financing initiatives for Teekay Corporation and Teekay Offshore Partners LLP (“TOO”). This included assisting TOO on US$400m of secured bank financing and the raising of US$200m in fresh equity capital along with the deferment of certain bond maturity dates, whilst parent company Teekay Corp completed US$350m of bank financing and

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

Happy 50th Birthday, Greg Trauthwein

“Throwback Thursday” from the Maritime Reporter archives: Greg at the wheel on a sailing excursion off the coasts of Italy and France in August 2011

Greg Trauthwein, Editor and Associate Publisher, today celebrates his 50th birthday. Since first manning the editor’s desk at New Wave Media’s flagship publication Maritime Reporter & Engineering News in 1992, Greg has helped grow the publishing house’s offering of world leading b2b publications to four print titles and more than a dozen websites and e-news services collectively serving the commercial maritime, subsea industries and energy industries.

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

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

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

Transas CEO Calls for Big Data Standardization

Frank Coles (Photo: Transas)

Frank Coles, Transas CEO, has delivered a keynote speech calling for the International Maritime Organization (IMO) to set standards of compliance for the communication connections between ship and shore or else create a significant cyber security risk.  

ICS Letter to Canadian Transport Minister

Peter Hinchliffe (Photo: ICS)

ICS Secretary General Peter Hinchliffe reaches out to the Canadian Transport Minister in a letter this week. The text of that letter follows below:   Dear Minister Garneau,   I am writing on behalf of the International Chamber of Shipping (ICS) which is the principal global trade

Safety Alert: Samsung Galaxy Note 7 Smartphone

This safety alert reminds vessel owners, operators, charterers, merchant mariners, passengers, and all others throughout the maritime domain of safety concerns associated with Samsung Galaxy Note 7 Smartphone.    This alert includes phones recently replaced by manufacturer

SeaBird Exploration: 2D Long Offset in Belize

Northern Explorer  Photo: SeaBird Exploration Group

 SeaBird Exploration, a provider of seismic data to the oil and gas industry, will acquire a long-offset survey offshore Belize.   "We are pleased to announce that the company will acquire a long-offset survey in Belize, starting mid-October 2016

USC, Ports Partner to Improve Supply Chain Technology

Redesigning supply networks to operate in the digital economy requires supply chain thought leaders to accelerate the move to enhanced digital capabilities - Image courtesy USC Marshall Center

A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S. Commerce Secretary Penny Pritzker on October 14 at the University Park campus.

Reduction in Maritime Crime across World’s Traditional ‘hot spots’ - Dryad

Maritime Crime Infographic for Q3 2016

The Gulf of Guinea, South East Asia and The Indian Ocean High Risk Area (HRA) have all seen a significant reduction of reported maritime crime throughout July, August and September of this year according to Q3 analysis released today by Dryad Maritime.

IMO Supports African Maritime Summit

Pic: International Maritime Organization (IMO)

 International Maritime Organization (IMO) is continuing its work to support sustainable maritime development in Africa by participating in the opening of the African Union Extraordinary Summit on Maritime Security and Safety and Development in Africa, held in Lomé, Togo (11-15 October)

Shipbuilder Sustainability Knowledge Base presented to Dutch Govt.

Shipbuilder  Sustainability Module Sustainability Knowlegde Base Photo Shipbuilder software

The Shipbuilder Sustainability Knowledge Base has been presented on sustainability day (10-10) to Salima Belha (member of the Dutch parliament) and Brigit Gijsbers (director of maritime affaires at Ministry of Infrastructure and the Environment)

Roundtable Discusses Nigeria’s Maritime Future

The Commonwealth Enterprise and Investment Council (CWEIC) together with the Ship Owners Association of Nigeria (SOAN) have co-hosted an event on “The Future of the Maritime Industry in Nigeria” at Marlborough House in London on September 28.  

Singapore Strengthens Maritime Ties with Norway

Maritime and Port Authority of Singapore Chief Executive, Andrew Tan, and Norway State Secretary, Ms Dilek Ayahn, at the Joint Statement Signing Ceremony. Photo courtesy of Norwegian Shipowners Association. Photo MPA

The Maritime and Port Authority of Singapore (MPA), represented by Chief Executive, Andrew Tan, signed a Joint Statement with the Norwegian Ministry of Trade, Industry and Fisheries on October 10 during the State Visit by President Tony Tan Keng Yam to Norway

Academic Cooperation Addresses Maritime Ice Operations

From left: Ted Bågfeldt, Head of Academy, Kalmar Maritime Academy, Linnaeus University; Paal Aamaas, Senior Vice President, Kongsberg Digital; Tord Ytterdahl, Deputy CEO, Viking Supply Ships; and Ulf Gullne, Head of the Swedish Maritime Administration’s Ice-breaking Division signing the MoU for academic exchange and cooperation within the framework of the Kalmar Ice Academy. (Photo: Kongsberg)

A group of industry stakeholders have signed a Memorandum of Understanding (MoU) for academic exchange and cooperation within the framework of the Kalmar Ice Academy, with a focus on collaboratively helping the offshore and shipping industries to increase operational safety and efficiency while

Definitive Study On The Impact Of Global Sulphur Regulations


Marine Energy Consulting Ltd. (MECL) and 20|20 Marine Energy, two leading consultancies in this field, today announced that they will collaborate to produce a comprehensive evaluation of the impact of MARPOL Annex VI global sulphur regulations on the shipping industry.

UK Aims to Boost Exports to Nordic-Baltic Region

Maritime UK participated in a Department for International Trade scoping mission aimed at boosting maritime exports to the Nordic-Baltic region.    The discussions which took place at the Foreign Office, provided an opportunity to highlight the work of Maritime UK in response to the

Nominations Open for Singapore International Maritime Awards 2017

Image: Maritime and Port Authority of Singapore (MPA)

 The Maritime and Port Authority of Singapore (MPA) is calling for nominations for the Singapore International Maritime Awards (IMA) 2017.    The biennial IMA recognises individuals and companies for their outstanding contributions to Singapore's development as a premier global

Protecting Global Maritime Traffic

Photo:  International Maritime Organization (IMO)

 The world economy depends on safe, protected, secure and sustainable maritime traffic.    International Maritime Organization (IMO)’s Chris Trelawny outlined how sustainable maritime development, underpinned by good maritime security can support improved economic development

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