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GE Capital Provides $16m in Marine Fleet Financing to the Dutra

photo: GE Capital

GE Capital Corporate Finance provided $16 million in equipment financing to the Dutra Group, Inc.  The funds refinance existing debt used to support the company’s marine fleet.  Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to support construction projects primarily in northern California. www.gecapital.com  


Chet Morrison Add New Hires

Metin Gezer

Chet Morrison Contractors hired industry veteran Metin Gezer as Vice President of Land Construction Services. Gezer is one of several recent leadership additions who will provide support and infrastructure to foster the growth of the company’s construction services for both onshore and marine environments. Gezer brings over 25 years of planning and operations experience in the oil and gas industry, both domestically and internationally, and has a background in midstream, refining


ABG Shipyard Wins Orders from Sea Tankers

ABG Shipyard Ltd has bagged a repeat order for construction projects from Sea Tankers Management Company Ltd. The company would construct six anchor handling tug vessels each for a price of $9.99m aggregating $59.94m, for Sea Tankers, a part of John Fredriksen's Group. The six vessels will be delivered at an interval of three months each beginning from December 2007, and ending March 2009. With this repeat order for six more vessels the company has an order for total 12 vessels from Sea


Panama Canal Reviews Bids for Expansion Construction Project

The Panama Canal Authority (ACP) officially began reviewing bids for the first construction project under the Canal's expansion program on last Friday, July 6. Submissions to perform the dry excavation of the new Pacific Locks access channel will be thoroughly reviewed and a winner will be determined in the coming weeks. In a ceremony, the ACP opened each bid submission. After reviewing them, the proposal that meets all of the project's criteria and needs, with the best price


Rowan Obtains Contract for Jack-up Gorilla II

The two-year commitment is planned to begin in January 2009 and expected to provide approximately $137 million in drilling revenues. The rig will be performing drilling services as well as assisting with various construction projects. Rowan Companies Inc. provides international and domestic contract drilling services and owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.


Aveva: New Paper on Integrated Steelwork and 3D Plant Design

Photo: Aveva

Paper highlights how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time Aveva released ‘Bolting it all together,’ the latest in its series of business papers, which discusses how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time. The paper explores the considerable business advantage that EPCs and Shipbuilders, working on plant/offshore projects


Report: Gulf Coast Economic Recovery Remains Mixed

Employment statistics, sales tax collections, large construction projects and other key economic indicators point to an accelerating recovery in many Gulf Coast communities damaged by hurricanes Katrina and Rita in 2005. Economic growth driven by construction and manufacturing in Pascagoula, Miss., and Lake Charles, La., parallels the aggressive recovery patterns that most regions encounter following a major natural disaster


Sonsub Contracts New 280ft Vessel

Sonsub Inc. recently signed a 3 year charter agreement with Otto Candies, LLC for a New Build IMR Construction Vessel. The yet to be named 280ft, Class II DP Vessel includes a 100T tele-knuckle boom crane, a 20’ X 25’ moon pool, accommodations for 66 personnel, and outfitted with one or two 200Hp Innovator ROV systems depending upon the project and client requirements. The vessel will be the first and only US flagged vessel in the GOM capable of supporting subsea construction projects in


Global, Flour Agreement, Middle East

Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region. The exclusive agreement, which will build on the combined 60 years of offshore experience of both companies, will jointly market and perform offshore construction projects for the oil and gas industry within the MENA region


Air Draft Alert: Bayonne Bridge Struck Twice this Year

Bayonne Bridge: Wiki CCL credit Lamune

The Bayonne Bridge is undergoing a two-year construction project to raise the roadway an average of 65 feet. The Captain of the Port, New York-New Jersey says that it has been struck twice in the past 4 months. The Captain of the Port, New York-New Jersey, has issued a reminder about the importance of providing accurate information clearance information, and warns that civil penalties may be pursued against any vessel owner


Liebherr-Werk Biberach Wins Orders from Australia & New Zealand

Liebherr 542 HC-L luffing jib crane in Darling Harbour in Sydney

  Liebherr-Werk Biberach GmbH has managed to win several orders in Australia and New Zealand. During the last few weeks four luffing jib cranes from the HC-L series and a top-slewing crane from the EC-H series have left Liebherr-Werk Biberach GmbH for the voyage down under.


Swiber to Fly Mexican Flag on 4 More OSVs

Mexico ensign: File photo CCL

Singapore-based Swiber informs it will hoist the Mexican flag on another four vessels in its fleet, comprising one derrick pipelay barge and three anchor handling tug / supply vessels (AHTs). Five vessels were deployed in Mexico three years ago when Swiber landed its first contract win in Latin


Otto Marine Clinches Australia AHTS Contracts

AHTS Go Spica: Photo Otto Marine

Otto Marine says it has clinched AUD57-million worth of charter contracts in Australia for two of its large deep water AHTS vessels. Otto Marine Limited, which owns and operates a large fleet of offshore support vessels, with shipyard and other specialized offshore services


OWS Christens Damen Fast Crew Supplier

Attendees pose for a photo with OWS’ new Damen FCS 2008 vessel, Offshore Waddenzee, during the christening ceremony at Damen Oranjewerf Amsterdam, on August 22 (Photo: Damen)

Offshore Wind Services’ (OWS) latest Damen vessel – the Fast Crew Supplier 2008 Offshore Waddenzee - was officially named at Damen Oranjewerf Amsterdam, on August 22. The FCS 2008 is the second Damen vessel ordered this year by the Dutch company


China State Shipbuilding, CNPC Among 11 Caught in Auditor Snare

China's National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development, highlighting the challenges the government faces in overhauling the public sector.


SENER Operating Revenue up 7.6% in 2013

SENER professionals working in the Gaia sunshield Copy ESA

The SENER Engineering and Technology Group closed the 2013 financial year with an operating revenue of €1.218 billion, representing a growth of 7.6% on the previous year. The number of people working at SENER reached 5,570, an increase of 3.8%, and R&D investment was €71


Great Lakes Shipyard Now a Damen Licensed Builder

GLS Damen 1 tugboat: Photo GLS

Great Lakes Shipyard (GLS) informed that it has entered into a five-year agreement with B.V. Scheepswerf Damen Gorinchem authorizing the Cleveland shipyard as an official builder of Damen designs. GLS explained that this combination creates an environment for further development of proven


OWS Orders Damen Vessel for Dutch Offshore Project

Damen FCS 2008 Twin Axe (Image courtesy of Damen)

Dutch company Offshore Wind Services (OWS), specialists in the provision of crew transfer vessels to the offshore wind industry have ordered a Damen FCS 2008. This is the company’s second vessel ordered from Damen this year. Damen Shipyard Den Helder in the Netherlands will meet the


The Port of Halifax Becomes a Member of HHM

Photo courtesy of Port of Hamburg

The Port of Halifax has joined the Port of Hamburg Marketing organization (HHM) as its first member from North America. The universal ports of Halifax and Hamburg are linked by Transatlantic trade and the cruise business. With its internationally active marketing organisation


Harbor Commission Approves Port Budget - Long Beach

Capital improvement projects move ahead with $579 million in funding for Long Beach Port

  The Long Beach Board of Harbor Commissioners on Monday, July 14, approved an $858 million budget for the Port of Long Beach in the upcoming fiscal year, with two-thirds of the spending set aside for a robust building and modernization program.


DONG Energy Expands in the Port of Esbjerg

From Left Dann Lockdahl, DONG Energy Offshore Base Manager and Allan Junge, Financial Director of Blue Water Shipping.

  The positive development within the offshore industry has made its impact on DONG Energy, which is a significant player in the market. The increased activity has made it necessary to extend the company's office and storage facilities in the Port of Esbjerg


Upcoming Maritime Recruitment Fair at CMTI

Maritime Studyies Lecture: Image courtesy of CMTI

Chesapeake Marine Training Institute (CMTI) says that Norfolk Tug will be among the maritime companies recruiting new talent at its professional mariner job fair August 13, 2014, from 9 a.m. to 3 p.m. at the CMTI campus in Hayes, Va. CMTI adds that Vane Brothers will also be on hand


ATB Barge Project for Murray & Associates

Rendering of barge structure (Image courtesy of Murray & Associates)

Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The ABS SafeHull barge is an articulated tug and barge type utilizing an Intercon Model 50 coupler system


BOEM & S. Carolina Agree to Evaluate Sand Resources

  As a part of President Obama’s continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau of Ocean Energy Management (BOEM) and the South Carolina Department of Natural Resources signed a two-year cooperative


Gerhard Furø Joins Havyard

Gerhard Furø

  On 4 August, Gerhard Furø took up the position of Vice President technical and commercial for Havyard Design & Solutions AS. Gerhard Furø has previously been a consultant with Boatlabs AS, where, in recent years






 
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