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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.


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


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


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


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


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


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


Finalists of Wind Propulsion Innovations Awards

Wind Propulsion Innovation Awards 2016 Image IWSA

The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation, Technology User and Research


Maritime Economics: Top Five Shipyards by Market Value

VesselsValue.com

Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order. According to Senior Data Editor, Craig Jallal, "The current top five shipbuilding groups have seen a significant decline in value


AIWA Highlights Investment Needs on the Nation’s Marine Highways

Pickel

Nowhere is that more important than on the Atlantic Intracoastal Waterway. As 2016 begins, we at the Atlantic Intracoastal Waterway Association (AIWA) are looking forward to participating in the ongoing dialogue regarding the need for strategic investments in the Nation’s Marine


Happy 50th Birthday, Greg Trauthwein

“Throwback Thursday” from the Maritime Reporter archives: Greg at the wheel on a sailing excursion off the coasts of Italy and France in August 2011

Greg Trauthwein, Editor and Associate Publisher, today celebrates his 50th birthday. Since first manning the editor’s desk at New Wave Media’s flagship publication Maritime Reporter & Engineering News in 1992, Greg has helped grow the publishing house’s offering of world


Mission to Seafarers Responds to Singapore Strait Tragedy

Photo: The Mission to Seafarers

Global maritime welfare charity The Mission to Seafarers outlines emergency support work with surviving crew members of the Thorco Cloud – a general cargo vessel which sank in the Singapore Strait after a collision on December 16. The other vessel involved, chemical tanker Stolt Commitment


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


Marine News Editor's Note, July 2015

Joe Keefe New photo.jpg

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


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: June Editor's Note

Joe Keefe New photo.jpg

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


SFL Sells its Holding in Horizon Lines

Photo: Horizon Lines

Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million.   In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9


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


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

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


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


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

Joe_best web.jpg

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






 
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