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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


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


Mozambique Workshop Supports Seafarer Training and Assessment

Photo: International Maritime Organization

 An International Maritime Organization (IMO)-led workshop in Maputo, Mozambique is supporting countries in south-eastern Africa in implementing the STCW (Standards of Training, Certification and Watchkeeping ) Convention, which establishes international standards for training


Can Bandwidth Supply Keep up with Maritime Demand?

The launch of Intelsat EpicNG 29e in January 2016. This is the first of the Intelsat EpicNG class satellites. (Credit: Intelsat)

In the next few years, demand for bandwidth on the high seas will grow, in no small part due to technology that is making operations more efficient and keeping crews and passengers healthy, happy and connected. Just a few years ago, a cruise-going family might have brought a single laptop computer


Drones: Is the Maritime Industry Ready?

SHIP SERVICE: Maersk Tankers is testing drones for making deliveries to its vessel. (Photo: Maersk Group)

Unmanned aerial systems (UAS), or “drones” in common parlance, are not a part of the historical maritime vocabulary. At least not yet. While the term “drones” may conjure images from science fiction, the reality is that companies are designing commercial UAS for the private


Two DNV GL Approvals for GTT Training Software

GTT Training, a GTT subsidiary dedicated to training liquefied natural gas (LNG) professionals and to the development of associated simulation tools, has obtained two approvals for G-Sim training software from DNVGL in accordance with their standard for Maritime Simulator Systems. 


C. Raymond Hunt Associates Celebrates 50 Years

(Photo: C. Raymond Hunt Associates)

C. Raymond Hunt Associates, a boat design firm that continues to expand on the legacy of its founder, C. Raymond Hunt, to produce innovative boats with rugged seaworthiness, is now celebrating its 50th year.   “Ray Hunt was a genius


MPA Launches Inaugural Maritime Youth Festival

Photo: Maritime and Port Authority of Singapore (MPA)

 Senior Minister of State, Prime Minister's Office, Ministry of Foreign Affairs & Ministry of Transport, Mrs Josephine Teo officially opened the inaugural Maritime Youth Festival (MYF).    Organised by Maritime and Port Authority of Singapore (MPA)


Promoting Facilitation in Fiji

Photo: International Maritime Organization (IMO)

 A National Seminar on Facilitation of Maritime Traffic is being held in Suva, Fiji (13-15 July).    The event aims to assist Fiji to more effectively implement the Convention of Facilitation of International Maritime Traffic (FAL) and to advise on the recently-adopted amendments


Somalia Stakeholders Forum Reviews Maritime Code

Photo: International Maritime Organization (IMO)

 ​The revised Somalia Maritime Code is being finalized at a four-day Stakeholders Forum, sponsored by International Maritime Organization (IMO) (Kigali, Rwanda 12-15 July).    The workshop is part of IMO’s ongoing technical assistance to the Federal Government of Somalia and


Harry Diamond Celebrates 21 Yrs at WQIS

Harry Diamond, Vice President and Chief Claims Officer Photo WQIS

Harry Diamond, Vice President and Chief Claims Officer at WQIS, is celebrating 21 years with the company this year. Diamond is a graduate of LaSalle University with Bachelor of Arts degrees in social studies education and history; he also holds an Associate degree in Risk Management


DCMA to continue Organizing Anchorage of Maritime Crafts in Dubai

Image Courtesy DMCA

Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed its continuing efforts in organizing anchorage of maritime crafts across Dubai waters


Petronas Selects Intellian for FLNG

Photo courtesy of Petronas

A triple installation for the next generation Petronas Floating Liquid Natural Gas (PFLNG) vessel emphasizes increased demand for Intellian’s 2.4m product line in the Offshore Energy and Enterprise market segments.    


Maritime Lawyer Dr. Frank Wiswall Gets 2015 International Maritime Prize

Image: International Maritime Organization

 The prestigious International Maritime Prize for 2015 is to be awarded to Dr. Frank Lawrence Wiswall Junior, former Chair of the International Maritime Organization (IMO) Legal Committee and Vice-President (Honoris Causa) Comité Maritime International (CMI)


World Maritime Day Theme for 2017: "Connecting Ships, Ports and People"

Image: Maersk Line

 "Connecting Ships, Ports and People" has been selected as the World Maritime Day theme for 2017 following a proposal by Secretary-General Kitack Lim to the International Maritime Organization (IMO) Council.   Addressing the IMO Council


MARAD Report: Energy Efficiency & Battery Compartment Design

MARAD Logo

MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides marine vessel owners and operators information on how to evaluate potential investments in efficiency measures and technologies


MAST, AMSA Partner for Risk Management Services

Phil Cable (Photo: MAST)

Maritime security company Maritime Asset Security Training (MAST) has announced their partnership with Astbury Marine Services & Associates (AMSA), a specialist shipping and insurance response business.   The combination of front-line experience and industry knowledge place MAST and






 
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