Build Program

Half-way Mark in BBC Chartering's Newbuild Program

German owner of multipurpose & heavy lift tonnage, BBC Chartering, announce that half of its 22 unit heavy lift new-building program is now operational. Two vessel series form the basis of this heavy lift fleet new-build program. One is the 14,360dwt ‘BBC Amber’ type of which 14 units are built, featuring 2x 400 mt lifting capacity, and the second is the ‘BBC Everest’ type of which eight units are built with 2x 350 mt lifting gear. The company took delivery of the ‘BBC Citrine’ in August 2012, the fifth new-building of the 14,360dwt series, and earlier in July of the ‘BBC Rushmore’, the sixth new-building of the 9,300 dwt series. With eleven of twenty-two vessels being operational BBC Chartering has reached project halftime and Svend Andersen, CEO of BBC Chartering, dares a glimpse into the future: “The project and heavy lift shipping market remains difficult and challenges the whole industry. Although today’s situation at the halftime of the program is not delivering the originally desired results, we are confident this step represents a meaningful service innovation for clients managing project and heavy lift logistics worldwide.” BBC Chartering expects the new building program to be fully deployed by the end of 2013, beginning of 2014.

i-Tech Announces ROV Build Program

i-Tech Announces ROV build Program Global contractor, i-Tech, part of Subsea 7 announced that it has placed an order for new build deepwater work class vehicles, which will be supplied with advanced, light weight, high performance handling systems. The systems, to be named Centurion Qx, have been specifically designed and built for i-Tech and its target market. The 125hp Centurion Qx will be rated to operate at water depths up to 2,000m as standard with options to upgrade to 3

Moody's May Up Royal Caribbean

Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures, and the steady growth in earnings and cash flow as well as its reduced need for debt to fund capital expenditures following its equity issuance. Moody's review will focus on the impact of RCL's extensive ship building program on debt protection measures

Tidewater Plans New-Build Program

Tidewater Inc. is preparing to embark on a modest new-build program, estimated to cost in the range of $300 million. William C. O'Malley, Tidewater's chairman, president and CEO, said the new-build initiative will be "directed to the highest end of the market and would include very large Anchor Handling Towing Supply vessels and large Platform Supply vessels capable of working anywhere in the world." O'Malley added, "These new vessels will be designed to cover operational capabilities the

Offshore Rig Accommodation: Floatel Share Offering

Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification, modern accommodation vessels to the offshore oil and gas industry. The proceeds from the Private Placement will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Shipyard

OMM Launches New Business

Offshore Marine Management (OMM) has launched a new survey and subsea business this week, which will focus on surveying, cable and structural subsea inspection and subsea engineering. Recently appointed Director of Survey and Subsea, Arron Burrows said this new business offers clients an all-inclusive “one stop shop” for cable solutions - with survey, inspection and final deliverables - and will mean an overall better service.

Bollinger and Rigdon Sign Contract for Series of PSVs

Rigdon Marine’s new GPA654 Class PSV to be built at Bollinger Shipyards Bollinger Shipyards has announced the signing of a multi-vessel contract with Rigdon Marine Corporation. Bollinger will build ten platform supply vessels (PSV) for Rigdon Marine, based on a new GPA 654 Class, designed by Guido Perla & Associates. The design incorporates increased carrying capacity and greater operating efficiency, compared to similar sized vessels

Stelmar Announces Delivery of Second Panamax Tanker

Stelmar Shipping Ltd. announced that it has taken delivery of a double-hull Panamax tanker, the Silvermar, from the Daewoo Shipbuilding and Marine Engineering Company Ltd. The tanker has entered into a previously announced five year time charter at $18,500 per day. The Silvermar is sister ship to the Rubymar, Jademar, Pearlmar, and Rosemar which were delivered in the first five months of 2002, and entered into twenty-four month time charters at an average rate of $18,000 per day

Moran and Washburn & Doughty Unveil New Build Program

On August 29, 2006, Moran Towing Corporation of New Canaan, Connecticut and Washburn & Doughty Shipyard of East Boothbay, Maine signed a Letter of Commitment for the construction of six additional tug boats. These vessels will follow the two 5100 hp 92 ASDs and two 121 Intercon Tugs currently under construction at Washburn & Doughty for Moran. Moran Towing anticipates building six 92 ASDs for its ship docking fleet, but has reserved the right to build alternative vessels

Bollinger Delivers Barge to K-Sea

DBL 28 the 1st in a series of eight OPA’90 compliant, Lakes, Bays & Sounds, ABS and USCG certified tank barges delivered from Bollinger to K-Sea Transportation for use in harbor service in ports on the Northeast U. S. Coast. Bollinger Marine Fabricators, LLC, (BMF) Amelia, La., a Bollinger Shipyards, Inc. company, has delivered the DBL 28, a double hull, oil tank barge built to meet the requirements of the Oil Pollution Act of 1990 (OPA’90), to K-Sea Transportation Partners L