Voyager and Quest could not be two more apt names for Sun Towings pair of new tugboats, as it was precisely this that was required to complete the vessel's construction. The two hulls were started nearly 10 years ago, and had more than 2,000 miles experience before the first main engines were installed. The hulls were originally built by Marine Power and Equipment in Seattle in 1990, and moved three different times, from Washington State through the Panama Canal to Texas, then finally to Louisiana. The odyssey of the hulls was well worth it, however, according to their owner, Captain Mike Smith of Sun Towing, Morgan City, La. The 150 x 40 x 19.5 ft. hulls finally made their way to Gulf Coast Industries (GCI), a yard owned by Garrel Chiasson and Randy Joubert II, in Amelia, La., where they were to be completed. Now finished, the vessels' respective journeys have come full circle, as they have returned to Washington state and have been placed on long term charter from Sun Towing by Foss Maritime. Captain Sam Smith saw the potential of the hulls and purchased them three years ago, and then sold them to his son, Captain Mike Smith. Captain Mike decided to use local companies as much as possible to complete the vessels, and contracted with Gulf Coast Industries to complete the steel work of the hulls, install all of the equipment, complete the piping systems, and install the SOLAS approved joiner work package.
South Korea intends to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 billion, in the second half of 2006, according to a Reuters report. State-run Korea Development Bank (KDB) and government restructuring agency KAMCO own a combined 50.6 percent stake in the world's second-biggest shipbuilder. KDB, which is managing the sale on behalf of other creditors, has recently named JP Morgan as a lead manager for the deal.
Mark A. Robicheaux, Inc., Marine Joiner Contractors, located in Morgan City, La., provides custom marine joiner services. Two companies have been added to the service family to provide more complete and controlled joiner packages. Robicheaux Manufacturing offers custom/modular yacht and plastic laminate marine furniture and millwork, and Robicheaux Insulation Systems provides insulation installations for the marine, industrial and offshore industries.
Conrad Industries, Inc. announced today the appointment of Terry T. Frickey as Vice President and Chief Operating Officer, effective immediately. Terry will report to the Chief Executive Officer and have overall responsibility for the operations of the Company’s four shipyards. “We are excited to have Terry join our executive team,” said Johnny Conrad, Conrad’s President and Chief Executive Officer. “Terry has been involved in the shipyard business since
Peter Soles has joined The Glosten Associates as a Marine Consultant and will be supporting the firm’s ocean engineering and marine logistics projects. “Peter brings a broad knowledge of marine transportation policy, oceangoing vessel management and operation, voyage and cargo logistics, navigation, and tug/towing operations,” said Justin Morgan, PE, Glosten Principal. Prior to joining Glosten
Huntington Ingalls Industries and Kinder Morgan Inc. decide not to pursue joint venture on Avondale redevelopment Huntington Ingalls Industries (HII) announced it has completed discussions with Kinder Morgan Inc. (KMI) to explore the redevelopment of HII's Avondale shipyard in Louisiana. Since April 2014, HII and Kinder Morgan have evaluated best-use opportunities for the facility, and have mutually decided not to move forward with a joint venture.
BP Amoco selected two companies to provide $1 billion worth of construction work on a number of its deepwater oil projects in the Gulf of Mexico. The company selected J. Ray McDermott and Heerema Marine Contractors for work and services on the projects, including the Crazy Horse, Mad Dog, Holstein and Atlantis developments. The agreement with McDermott is expected to bring as much as $600 million in work to the company's Amelia fabrication yard at Morgan City, La.
Omega Morgan, one of the West Coast’s leading heavy equipment transport companies, has named John McCalla CEO/President. McCalla comes to Omega Morgan from Warn Industries, also located in Portland. McCalla began his career as a project engineer at General Motors and then joined Warn Industries. He advanced through several positions at Warn and assumed the top executive leadership position in 2007
McDonough Marine Service announced the launching of the MARMAC 302, the first of two new 300’ x 100’ x 20' ABS Class ocean going barges commissioned by the barge and marine transportation company. The barges were designed by Dan Jones & Associates with an ABS Load line maximum cargo capacity of 13,200 short tons at 15.7’ draft. The uniform deck strength of 4,500 lbs/sq. ft., combined with a increased side shell strength
Kinder Morgan to buy 15 terminals in $350 mln deal. BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal, as it sheds assets to pay for liabilities arising from its 2010 Gulf of Mexico oil spill.
Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively. The vessels include two 116 foot tugs and two 80,000 barrel barges.
Oil giant Saudi Aramco has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement. Morgan Stanley & Co. LLC, DNB Markets, Inc
Nordic American Offshore (NAO) has closed the follow-on offering of 40,000,000 common shares at a public offering price of $1.25 per share resulting in aggregate net proceeds of approximately $47.7 million. The proceeds could be slightly in excess of $50 million
Hurricane Matthew weakened slightly on Saturday as it moved towards Jamaica and Cuba, although with winds of up to 155 miles per hour (250 kph) it is powerful enough to wreck houses, forecasters said. The strongest hurricane in the Atlantic Ocean since Felix in 2007 was forecast to make
The two-year oil price crash has hurt a Canadian government program that funds research on oil spill cleanups, resulting in fewer applicants than expected, a senior federal official said. As a result, the government will expand the scope of its Oil Spill Response Science Program and open a
Hunter Maritime Acquisition Corp. announced the commencement of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A common share of the company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one
The bullish view for Suncor Energy Inc (SU.TO), Cenovus Energy Inc (CVE.TO) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia.
Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. Maersk is working with Bank of America on the potential deal
Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Endurance, the first of four next generation 50,000 dwt product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.
Conrad Shipyard held the Keel Laying Ceremony for the four Damen Stan 3711 Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. On hand for the ceremony was Glenn Hong, President of Young Brothers, Ltd; Jonathan Parrott, President of Foss Marine
Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent. Fewer Middle East cargoes will mean lower freight rates for operators of very large
The ABS-classed Ethane Crystal, the world’s first Very Large Ethane Carrier (VLEC) -- and a Maritime Reporter & Engineering News "Great Ship of 2016" as profiled in the December 2016 edition -- has loaded its first shipment of ethane cargo at Enterprise Products Partner’s
On Tuesday, January 3, 2017, the Port of Palm Beach Board of Commissioners elected its new Chairman, Blair J. Ciklin, the longest serving Port Commissioner in the United States having completed his 38th year as a Port of Palm Beach District Commissioner in 2016.
Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the fourth product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary.