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Editor's Note

Four Global Consortia To Bid To Build Panama Canal Locks

The Panama Canal Authority (ACP) announced that four global consortia have been selected to bid on the "design-build contract" to create the locks for the Panama Canal expansion. The Expansion Program will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, doubling capacity and allowing more traffic and longer, wider ships. In what will be the largest and most important project under the $5.25 billion expansion, the winner of this contract will design and build two locks complexes. Each of the four consortia will be allowed to respond to the ACP's Request for Proposal (RFP), which is expected to be released very soon. The consortia are: Consorcio C.A.N.A.L.; Consorcio Atlántico-Pacífico de Panamá; Consortia Bechtel, Taisei, Mitsubishi Corporation; and Consorcio Grupo Unidos por el Canal. (Editor's note: Details of the companies that compose each consortium are listed at the end of this document.) The qualifying process began August 27, 2007 when the ACP released a Request for Qualifications (RFQ) for the construction of the new set of locks. Following the release of the RFQ, the ACP facilitated a field visit to the expansion work sites and conducted an informational session, where more than 200 questions were received from interested parties. On November 16, 2007, four consortia, composed of 30 companies from 13 countries, submitted Statements of Qualifications

Editor’s Note

I’ve been to many ship and boatbuilding facilities ... domestic and foreign; large and small; modern and antiquated. In fact, traveling to shipyards, witnessing first hand the different means incorporated to build ships and boats and meeting the people responsible, is probably the best part of my job. Naturally, I’ve seen many different types of vessels in varying degrees of build, from the largest cruise ships and LNG carriers to the smallest tugboats and water taxies.

Editor's Note

Marine business in these United States continues to get increasingly: A] Encouraging; B] Depressing; or C] Interesting, depending on who you talk to and at what time of day. The entire market, from inland to oceangoing, naval to commercial, is abuzz with activity. On the naval front, corporate intrigue has taken center stage as General Dynamics bids once again to acquire Newport News Shipbuilding. The major difference between the takeover attempt today versus the unsuccessful bid

Editor’s Note

Frankly, I ‘m tired. Having passed yet another summer and now embarked upon the path of Autumn 2004, my schedule is packed not only with work and the requisite travel, but the schedule of a fourth grader and the myriad of after school and weekend activities, not to mention the pile of paperwork from school and clubs. To tell the truth, I would rather evaluate the merits of a corporate consolidation than be forced to decipher the nuances of my son’s ‘school picture’ package

Editor's Note

At press time, the political debate surrounding the creation and final details of the Homeland Security Department was still being vehemently debated, rightfully so considering that it is perhaps the most significant U.S. government overhaul in nearly half a century. Those hoping for a clean and quick decision on the matter should have known that politics — and time — would eventually cool the fervor created by the September 11 attack

E-Utopia (Editor's Note)

Analysts, pundits, skeptics and just about anyone with a two-bit opinion have voiced their thoughts — informed and otherwise — as to the potential effects that the surge in “e-commerce” solutions will have on the transportation community at large. While the marine market is traditionally said to be slow in following general business trends, this supposed character trait has not been evident in the new electronic realm

Proposed & Interim Rules

May 17, 1999 This Customs Service document proposes to amend the Customs Regulations to provide for the temporary landing in the U.S. of vessel equipment in need of repair, without requiring entry of that equipment under a Temporary Importation Bond (TIB). It is proposed such equipment be permitted to be landed for repair and relading aboard the same vessel, subject to Customs issuance of a special permit or license for the landed equipment, under an International Carrier Bond

Editor's Note

I find the great thing in this world is not so much where we stand, as in what direction we are moving. To reach the port of heaven, we must sail sometimes with the wind and sometimes against it, but we must sail and not drift, nor lie at anchor.” Never remiss to incorporate wisdom of the ages for the editorial good, I found this quote — from Oliver Wendell Holmes, The Autocrat of the Breakfast Table, 1858 — hanging handily on the wall of my colleague, Charles Keil

V.Ships Awarded Sakhalin Tankers Contract

Primorsk Shipping Corporation of Nakhodka (PRISCO) has awarded V.Ships a contract for the full technical management of three ice-class tankers. These vessels will be on long-term time charter to the Sakhalin-1 Consortium for operations in Phase 1 of the Sakhalin-1 Project, operated by Exxon Neftegas Limited, a subsidiary of ExxonMobil. Following a call for tenders from Exxon Neftegas Limited in November 2002, for a series of five new building ice-class shuttle tankers, V

MarineNews Editor's Note

MarineNews Editor Joseph Keefe

Pop Quiz: Think back to the last time that U.S. Shipyards were operating at the breakneck pace now being seen from coast to coast. Now, think about that in context of slowing global demand brought on by overbuilt bluewater sectors. Next, factor in the breathtaking newbuild programs underway in the offshore support, inland marine and Jones Act sectors. And, don’t forget the increasing demand from foreign operators who, more and more, are beginning to understand that U.S

Marine News: June Editor's Note

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The month of June brings many things; among them sunshine, the beginning of summer and ultimately, a clearer picture of where industry is headed next. The June edition of MarineNews is also our Combat & Patrol Craft Annual, as well as being chock full of inland news

The Hour of the Wolf for Panamaxes - Platts Report

Shipowners operating in the trans-Atlantic dry bulk

Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand, could be facing brighter days, according to the latest special report released by Platts

Marine News Editor's Note, July 2015

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This edition of MarineNews headlines the increasingly diverse articulated tug-barge (AT/B) units which are beginning to make up a large percentage of the domestic merchant fleet. Conventional, less expensive towed barges are much slower than the traditional ships they replaced

Foss Hires VP, General Counsel & Chief Ethics Officer

Lam Q. Nguyen-Bull (Photo: Foss Maritime)

Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer.   Based in Seattle, Nguyen-Bull will lead Foss's Legal and Risk Management Group, where in addition to providing counsel on legal issues and business

GSL Prices First Priority Secured Notes

Global Ship Lease, Inc. (GSL) announced  that it has priced an offering of $420,000,000 aggregate principal amount of 10.000% first priority secured notes due 2019 at an issue price of 98.5% in a private placement. The notes will be fully and unconditionally guaranteed, jointly and severally

Editor's Note

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Even if, as Marcon International’s Bob Beagle says, barges are the workhorses of the towing industry, then the pushboats that propel the 38,000 (documented and undocumented) deck, hopper, tank, crane and miscellaneous purpose barges to their destinations are the heart and soul of the most

Navios Logistics Offers Cash Tender, Consent Solicitation

Photo: Navios South American Logistics Inc.

Navios South American Logistics Inc. announced today that it and Navios Logistics Finance (U.S.) Inc., its wholly-owned finance subsidiary, have commenced a cash tender offer for any and all of their outstanding 9 1/4% senior notes due 2019 and a consent solicitation to eliminate or modify most of

Marine News July Editor's Note

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I couldn’t possibly kick off this edition of MarineNews without first acknowledging – and applauding – the passage of the long-awaited, much needed Water Resources Reform and Development Act (WRRDA). Signed into law by the President on June 10th

Marine News January 2015 - Editor's Note

MarineNews Editor Joseph Keefe

Our annual Ferry and Passenger Vessel edition kicks off the New Year in high gear, even if oil prices aren’t necessarily following suit. As vessel operators – our ferry drivers included – celebrate lower bunker prices, another maritime subset frets over what might happen to the

UKHO Launches New H-Note App

Photo courtesy: UKHO

The United Kingdom Hydrographic Office (UKHO) has unveiled a new digital application that enables mariners to submit hydrographic data directly to the UKHO using their mobile device. The ADMIRALTY H-Note App is a free digital version of the UKHO’s Hydrographic Note and will allow important

Editor's Note: Energy Market's Double-edged Sword

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At the risk of dredging up (bad) memories, I find myself harkening back to 1985 when, as a young mariner, I lived in Houston, Texas. As the situation in the oil patch worsened, neighborhoods in and around the Bayou City emptied out as oil workers looked for other things to do

Ensco Announces Cash Tender Offer

Ensco plc is a global provider of offshore drilling services to the petroleum industry

  Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5). The tender offer is being made pursuant to an Offer to Purchase dated today and a related Letter of Transmittal and Notice of

Marine News Editor's Note

Fleet Optimization is a broad term which might be described as the best practices and equipment that will make any collection of vessels more environmentally correct, economical and yes, attractive to prospective charterers. In this edition, it means whatever I say it means

Marine News: Editor's Note

Our annual shipyard report comes at an appropriate, yet uncertain time for the industry. The future direction of the oil and gas markets will, to a large extent, also determine the course for domestic boat builders. That’s because the sustained rally seen in this sector over the course of

Marine News Editor's Note

Joe Keefe New photo.jpg

It is at times like this that bumper sticker humor comes in handy. One of my favorites has to be the infamous “God, please let me have another oil boom – I promise not to mess this one up” version that graced the bumpers of pickup trucks on the Gulf Coast in the late 1980’s

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