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Build Program

South Australia Seeks Shipbuilding Job Guarantees

Image - Commonwealth of Australia: Navy Imagery Unit

 The South Australian Government has outlined three key points on shipbuilding it wants addressed by the Commonwealth's Defence White Paper next month.   It wants (1) a minimum 70 per cent Australian worker participation in the building, similar to the Collins Class submarines, (2) a guarantee the future naval submarines and frigates will be built in Australia and (3) that the local industry will have a continuous building program.   SA defence minister Martin Hamilton-Smith said: " The Federal Government must mandate for a minimum of 70 per cent Australian worker participation in the submarine and frigates build."    The Abbott Government has put the development of the next Australian submarine program through a competitive evaluation process.   South Australia has demanded an overseas submarine building program be ruled out before the federal government releases its Defence white paper.    South Australian Premier Jay Weatherill says a three-decade commitment is needed to ensure a strong manufacturing sector and economy.   "A strong manufacturing sector in South Australia and indeed the nation requires this nation to commit itself to a strong, local capacity to defend our nation with our own indigenous sovereign defence capability in the manufacturing sector," Weatherill said. 


Half-way Mark in BBC Chartering's Newbuild Program

BBC Citrine: Photo courtesy of BBC Chartering

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.


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


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


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


Epic Gas Secured Credit Facility for 7 Newbuilds

Pic: Epic Gas Ltd.

 Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction.   The facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with Coordinator, Agent and Book running Mandated Lead Arranger ABN AMRO Bank N.V. Credit Agricole Corporate and Investment Bank and NIBC Bank N.V. also joined the facility as Book running Mandated Lead Arrangers.


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


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.


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


Vigor Delivers ATB Tug to Harley Marine

Dale R Lindsey (Photo: Vigor)

Vigor’s Seattle shipyard recently delivered a 95’ x 38’ x 16’, 3,000 hp ATB Twin Screw Tug, Dale R Lindsey, to Harley Marine Services Inc.   Designed by Elliot Bay Design Group for primary operation in Alaska, the ATB tug utilizes an Articouple FRM-43M coupler system


Submarine Indiana Pressure Hull Complete

Photo by Chris Oxley (HII)

 Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has reached a milestone in the construction of the submarine Indiana (SSN 789). The 16th Virginia-class submarine has reached “pressure hull complete


TEN Delivers Aframax Tanker

Image: Daewoo Mangalia Heavy Industries

 Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100


MV Werften Begins Building Crystal’s New Cruise Ships

From left to right: Jarmo Laakso, Managing Director MV WERFTEN; Tan Sri Lim Kok Thay, Chairman Genting Group; Edie Rodriguez, CEO Crystal Cruises; Walter Schölzig, Project Manager MV WERFTEN; and Erwin Sellering, Prime Minister of Mecklenburg-Vorpommern (Photo: MV WERFTEN)

The first two of four Rhine class river cruise ships are simultaneously under construction at MV WERFTEN in Wismar. Delivery of the 7-star vessels Crystal Bach and Crystal Mahler to Crystal River Cruises will be in 2017.   Shipbuilder MV WERFTEN held a keel-laying ceremony for two Rhine


U.S. Navy Chief: South China Sea Arms Race could Develop

The U.S. Pacific Fleet Commander has warned of a possible arms race in the disputed South China Sea which could engulf the region, as nations become increasingly tempted to use military force to settle territorial spats instead of international law.


Eastern Delivers 62nd 90-foot Tug to FMT

Photo: Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. announced it has delivered the 62nd 90-foot inland towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program. The new vessel, M/V Harvey Sbisa (Hull 192), was delivered on November 30, 2015.  


World Fishing Fleet: Vietnam Grows the Fleet

Owner Capt. Trinh Van Hung is justifiably proud of his new boat. (Haig-Brown photos courtesy of Cummins Marine)

In keeping with their reputation as a nation that can overcome all obstacles, Vietnam is rebuilding its aging fishing fleet. With a government program of soft loans, designated Decree 67/ND-CP, fishermen are building boats along 28 coastal provinces from the north to the south of Vietnam.


Gulf Island Delivers Towboat to Marquette Transportation

MV Loree Eckstein (Photo: Gulf Island Shipyards)

Gulf Island Shipyards, LLC recently delivered the second of a three-vessel new build program for Marquette Transportation Company of Paducah Kentucky. The M/V Loree Eckstein, named after John Eckstein’s wife, was delivered on February 18


Austal Hosts Naming Ceremony for Oman’s New Naval Vessels

(Photo: Austal)

Austal has welcomed the Commander of the Royal Navy of Oman (CRNO), Rear-Admiral (RADM) Abdullah bin Khamis bin Abdullah Al Raisi to the company’s Australian shipyard in Henderson, Western Australia, to officially name two 72 meter High Speed Support Vessels (HSSVs) designed and built by


Damen Opens US Office

Ruud Haneveer, Market Development Executive for Damen Shiprepair & Conversion and Jan van Hogerwou, Damen’s Manager Newbuildings for USA and Canada are celebrating the opening of Damen’s new North American office. (Photo: Damen Shipyards Group)

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing demand for Damen’s shipbuilding concepts and repair and conversion services.


Moody's Dings Hurtigruten's Outlook Due to Newbuilds

(Photo Courtesy: Hurtigruten AS)

Moody's Investors Service, (Moody's) issued a press release affirming the B2 corporate family rating (CFR), B2-PD probability of default rating, and the B2 senior secured rating of Silk Bidco AS (Hurtigruten), the full owner of Norwegian cruise operator Hurtigruten  ASA


Keel Laid for Washington's New Ferry Suquamish

Suquamish Keel Laying Photo WSDOT

Construction officially begins on state’s newest ferry, Suquamish   The Washington State Department of Transportation continues to grow its Olympic Class ferry fleet with a keel laying ceremony marking the beginning of construction of its newest vessel, Suquamish.  


Safety Boost with ABS Guidance for Developing Processes, Procedures

New guidance answers industry demand for help in creating, implementing, and maintaining safe and effective technical instructions. Photo ABS

ABS has published the ABS Guidance Notes on the Development of Procedures and Technical Manuals, providing clients with best practice methodologies for developing instructional materials. “Input from ABS clients and maritime industry groups along with data gathered through the ABS Mariner


Austal Bags Contracts for Three Passenger Ferries

The 50m high speed catamaran to be built by Austal Philippines for Seaspovill. (Design Incat Crowther) Image by Austal Limited

Austal Limited announced securing two new contracts for three commercial passenger ferries with a total value of approximately AU$30million. Firstly, Austal has been awarded a contract for the construction of a 50 meter high speed passenger catamaran for Seaspovill Co


US Workboat Market: Domestic Drivers

The enlarged Panama Canal potentially helps inland operators as deep(er) blue water ports attract still larger tonnage that can load more grain and bulk products. (Photo courtesy of the Panama Canal)

Sectors of the U.S. market are hot, but for how long? Five key variables drive the domestic brown water market.   The challenging operating climate currently facing blue water, international trades can and sometimes does overshadow what happens on the American side of the big pond






 
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