THE BOAT YARD

Insurance Advice for Marinas & Shipyards

McDermott Costa Insurance Brokers offers risk-reducing advice to marinas & shipyards regarding third party vendors   Third party service providers can pose serious risk and liabilities for marina and shipyard owners. Without the proper due diligence these marine companies could find themselves footing large bills should a dispute occur.   As a California insurance agency that specializes in ocean marine insurance for boat yards, marinas, yacht clubs, and commercial boating vessels/fleets, McDermott Costa Insurance Brokers also educates clients about best practices for reducing risk.   A third party service provider is any vendor that provides services either to the marina or customers that use the marina. Third parties include repair services, vessel cleaning services, yacht brokers, surveyors, etc. In the summer, marina owners can expect to see more third parties on the premises, therefore need to be aware of the risks associated with them.   Those risks include:     •        Third party injuries sustained due to the actions of marina staff or customers using the marina.     •        Staff or customer injuries sustained due to the actions of the third parties.     •        Property damage sustained due to the actions of the third parties or vice versa.  

Black Sea Sees Shipbuilding Boom

According to Today's Zahman, Black Sea sees shipbuilding boom, Mediterranean springs a leak More than 90 percent of world trade is conducted through sea shipping, making shipbuilding one of the fastest growing industries in the recent boom in global trade, which has grown on average by more than 5 percent annually. As a natural consequence of Turkey being a peninsula located at a strategically central position close to many wealthy European markets

Midland Enterprises Expands With The Times

Since planting its roots in 1925 as a small coal delivery business known as the Ohio River Company (ORCO), Midland Enterprises has evolved from one chartered boat and four barges to more than 85 boats and 2,400 barges moving the entire eastern inland waterways system. Established by Albert Converse Ingersoll, the Ohio River Company's main focus at that time was to float West Virginia coal to Cincinnati using its premiere boat — the E.D. Kenna

Rodriguez: Small Yard Can Do

Joey Rodriguez was visiting one of the Gulf Coast�s major shipyards recently. Admiring the huge expanse of space with its several big Manitowoc cranes capable of lifting many tons, he commented to the yard’s CEO, “I am intimidated by all the equipment and space that you have here.” To which the CEO responded, “And I am intimidated by what you are able to build without all this equipment and space.”This exchange sums up the respect that Rodriguez has earned over the years for the

News: Damen Delivers First-of-Class ASD Tug

The recently developed Damen ASD Tug 2411 is a real push-pull ASD Tug, designed primarily for working over the bow. This tug is a powerful 4,200 kW vessel that develops a bollard pull of around 70,000 kg; full ahead to full astern in a ship's length, turning around in 10 seconds. With the introduction of the Damen ASD Tug 2411, Damen Shipyards has put a new type of port tug on the market: very compact, with an enormous bollard pull

'All-Hands' Ceremony Held at Coast Guard Yard

During an "All-Hands" celebration held at the Coast Guard Yard on Oct. 2, four members of the Maryland Congressional Delegation and the Coast Guard's Assistant Commandant for Systems presented three prestigious awards to the shipyard's work force. Employees of the yard, its tenants commands and invited guests numbered nearly 900 and enjoyed the mid-morning festivities on the parade grounds of the 101 year old shipyard in Baltimore, Md

Schat-Harding Books Strong Year

Schat-Harding, a maker of lifeboats and davits, reported a strong orderbook in the third quarter of 2004, with orders totaling $16 million booked, driven by strong demand from passenger ships, offshore rigs, LNG and ice-class tankers and naval vessels. Key passenger ship orders included six CTL38 cruise tenders and 14 MPC32 compact cruise lifeboats with PD davits for two MSC newbuildings at Chantiers de l'Atlantique

GD Wins $100m for Virginia-class Submarine Work

General Dynamics Electric Boat has been awarded a $100.4 million contract modification by the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the contract, Electric Boat will develop, maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods.

Electric Boat Corp. Awarded $16M Navy Contract

Electric Boat Corp., Groton, Conn., is being awarded a $16,159,441 modification to previously awarded contract (for Reactor Plant Planning Yard services for nuclear-powered submarines and support yard services for the Navy's moored training ships. Work will be performed in Groton, Conn. (95 percent) and Charleston, S.C. (5 percent), and is expected to be completed by September 2008. Contract funds in the amount of $16m will expire at the end of the current fiscal year

News: Sarawak: Taking a Global Position

To many westerners the names Borneo and Sarawak conjure up images of jungle rivers and dugout canoes. While the jungle rivers remain, the dug out canoes have largely been replaced by modern steel ferries and tugs. The Malaysian province of Sarawak has gained considerable affluence over the past half century from its strong forest industry, but as is the case throughout much of the world, this is now in decline. But the forest industry created a maritime legacy in the many small shipyards