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Halter Wins

VT Halter Wins $254m Contract

VT Halter Marine won a contract to build three 330,000-barrel tank barges for Crowley Maritime Corporation's subsidiary, Vessel Management Services Inc. The vessels, which include the cost of owner-furnished equipment, are valued at approximately $254m. They are the largest in Crowley Maritime's history and the fastest in their class. VT Halter Marine is the US operations of ST Engineering's marine arm, Singapore Technologies Marine Ltd (ST Marine). VT Halter Marine currently has three contracts with Vessel Management Services Inc. to build the tugs and 185,000-barrel barges for 10 Articulated Tug Barge (ATB) units, at the total value of approximately $515m. This latest contract will bring the total contractual value with Vessel Management Services to $769m. The 330,000-barrel tank barges for today's contract are similar to the 185,000-barrel barges being built at VT Halter Marine, but they will have about 78 percent more cargo handling capacity. When completed, they will be operated in the US coastwise trade by Crowley Maritime's petroleum services segment. Recent facility improvements, including the extension of the launch system, have enabled the US shipyard to accommodate vessels up to Panamax in size, thereby meeting the rising demand for vessels with higher cargo capacity and deep water capability.


VT Halter Marine and NOAA to Celebrate Keel Laying

VT Halter Marine Inc. and the National Oceanic and Atmospheric Administration will hold a combined keel-laying ceremony on June 15 for two NOAA ships under construction at VT Halter’s Moss Point, Miss., shipyard. Bell M Shimada is the last of four fisheries survey vessels of the same design constructed for NOAA. Ferdinand R. Hassler is a small waterplane area twin hull coastal mapping vessel, the first of its class to be designed and constructed by VT Halter Marine.


News: World's Largest Dry Transport Vessel Delivered

Heavy transport shipping company Dockwise Shipping B.V. took delivery of the M/V Blue Marlin after her conversion into the world's largest semi-submersible heavy transport vessel able to carry heavy cargoes up to 73,000 tons. After a conversion of three months at the Hyundai Mipo Dockyard Blue Marlin has re-joined the Dockwise fleet with an increased deadweight capacity of 76,061 tons. The beam has been increased by 21 m, which results in an increased unobstructed deck area of 11,227 sq


Bollinger to Acquire Halter Marine

In what amounts to what would be an amazing turn of fortune over a number of years, Bollinger Shipyards, Inc., Lockport, La., has signed a contract, pursuant to approval of the U.S. Bankruptcy Court, to acquire the assets and operations of Halter Marine from Friede Goldman Halter, Inc. Bollinger Shipyards has always been regarded as a well-run builder of quality vessels for the U.S. and foreign markets. However, less than a decade ago


VT Halter Marine President Skinner Retires

Bill Skinner (Photo: VT Halter Marine)

VT Halter Marine, Inc. (VTHM), a company of Vision Technologies Systems, Inc. (VT Systems), announced a change of senior leadership.   After more than 46 years in the shipbuilding business, including nearly two decades at VT Halter Marine, President and CEO Bill Skinner has announced his retirement. Skinner previously served as President, CEO and Director of ADDSCO Industries (1985-1989), the parent company of Alabama Maritime Corporation


VT Halter Marine Secures Contracts Worth $121M

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems) has finalized an agreement with the U.S. Government to complete two contracts, including the construction of a Fisheries Research Vessel for the National Oceanographic Atmospheric Administration (NOAA) and the construction of a Logistic Support Vessel for the U.S. Army. The Agreement, known as a “novation” provides an arrangement for VT Halter Marine to complete the multi-million dollar construction


VT Halter Marine To Build Two Additional OSVs

VT Halter Marine To Build Two Additional Offshore Support Vessels VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced that Hornbeck Offshore Services, Inc. (NYSE: HOS) has exercised the options for two additional Offshore Supply Vessels (OSV), valued at a total of US$89m with deliveries expected in the fourth quarter of 2014 and first quarter of 2015. VT Halter Marine announced on 18 November last year that it had secured the contract


VT Halter Marine Launches Puerto Rico Ferry

VT Halter Marine Inc., a subsidiary of Vision Technologies Systems Inc., has launched a 95-ft sea-going ferry from its Mississippi-based Pascagoula Operations. Christened the Caribeña, the all-aluminum vessel was designed and built by VT Halter Marine for the Puerto Rico Port Authority. Capable of carrying 272 passengers, the Caribeña will provide inter- island transportation for the Fajardo-Vieques-Culebra Ferry Line. It will be U.S. Coast Guard classed sub-chapter "K" and U.S. flagged


VT Halter Marine Moves Corporate Offices

VT Halter Marine Inc., a subsidiary of Vision Technologies Systems Inc., will relocate its corporate office to its Pascagoula Operations in Jackson County, Miss., effective July 1, 2004. VT Halter Marine currently owns six shipyards in Mississippi, two of which are fully operational. Boyd E. King, Chief Executive Officer stated, “With this move, VT Halter Marine will be more integrated and this will position the company for growth and future facilities expansion


VT Halter Marine’s Dry Dock Arrives in Pascagoula

Floating Dry Dock transported by a heavy lift vessel from the Philippines arrives in Pascagoula (Photo: VT Halter Marine)

VT Halter Marine Inc, a subsidiary of VT Systems Inc., announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion plan to the south yard in Pascagoula where VT Halter Marine is adding a repair facility for semi-submersible drilling rigs and Panamax-size ships.


Only One Bidder for STX France

Photo: STX Offshore & Shipbuilding

 The South Korean court handling the bankruptcy proceedings of STX Offshore & Shipbuilding Co. said that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit, says a report by AFP.  


Gloomy 2017 for Korea Shipyards

3D Image of Logistics Support Vessel HHI to Build Under New Zealand Defence Force’s MSC Project. Photo: Hyundai Heavy Industries

 South Korea‘s three majors shipbuilders are forecast to get much fewer orders next year, Yonhap reports quoting industry sources.   The three shipyards - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - are


Albert Takes the Helm at VT Halter

Paul J. Albert (Photo: VT Halter)

Paul J. Albert has been appointed as the President and CEO for VT Halter Marine, effective immediately. “Paul's proven leadership and operational skills in managing complex shipbuilding projects makes him the right choice to lead VT Halter Marine


VT Halter Wins VDOT Ferry Contract

The passenger vessel construction market remains one of the few maritime bright spots, as The Commonwealth of Virginia, Department of Transportation (VDOT) has awarded a contract to VT Halter Marine to design and build a 499-passenger/70-vehicle Jamestown Ferry to replace the current ferry


ST Marine, VT Halter Bags $138m in Orders

Singapore Technologies Engineering Ltd announced that its Singapore shipyard, Singapore Technologies Marine Ltd (ST Marine) and its US shipyard, VT Halter Marine Inc (VT Halter Marine) have secured new contracts worth $138m in 4Q2016. In Singapore


Mainstay Lands New Vessel Contract

From left – Tim Gardener (Targe Towing, marine consultant), Stewart Graves (Mainstay Marine, managing director), Kevin Lewis (Mainstay Marine, operations director), Tom Woolley (Targe Towing, managing director (Photo: Targe Towing)

A designer, builder and maintainer of workboats and renewable marine energy devices has won a significant contract to construct a crew transfer vessel.   Mainstay Marine Solutions, which won against international competition, will build the boat at its deep-water facility in Pembroke Dock


Eneco Consortium Wins Borssele III&IV Tender

SDE+ Offshore Wind Energy Photo Eneco

The consortium of Eneco, Diamond Generating Europe, Shell and Van Oord has won the tender for the construction and operation of Dutch offshore windfarms Borssele III & IV. The preferred supplier for the wind turbines is MHI Vestas Offshore Wind.  


DSME to Spin off IT Biz Unit

Photo: Daewoo Shipbuilding & Marine Engineering Co. (DSME)

 Daewoo Shipbuilding & Marine Engineering Co. (DSME) plans to spin off its IT business unit next year in an effort to streamline its business structure, reports Yonhap.   The unit, provisionally named DSME Information System, will be started on Jan. 1, the company said


Korea Rolls Out Indigenous Combat Operation System for Subs

File Photo: Daewoo Shipbuilding and Marine Engineering

 Daewoo Shipbuilding and Marine Engineering (DSME) has succeeded in producing the nation’s first integrated combat system, which serves as the brain of attack submarines.   The integrated combat system detects, tracks and identify targets and help accurately evaluate tactical and


Dry Bulk’s Biggest Spenders

Figure 1 (Source: VesselsValue)

In the last month, we have seen the Baltic Dry Index (BDI) recover to the same level it was 12 months ago (see circles in fig.1). Vessel values have started to firm, but not at the same rate and are still at historically low levels.  


Court Okays STX Offshore Rehabilitation Plan

STX Shipbuilding CEO Lee Byung-Mo. Photo: STX Offshore & Shipbuilding

 STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation plan, saving the yard, once the world’s fourth largest, from liquidation, reports Yonhap.   STX Shipbuilding, once South Korea's No


S.Korea State Banks to Inject $2.4 Bln into Daewoo Shipbuilding

Struggling Daewoo Shipbuilding & Marine Engineering Co Ltd's will receive an injection of 2.8 trillion won ($2.4 billion) from two state-run creditor banks to save it from being delisted, one of the lenders said.   Daewoo's main creditor, Korea Development Bank (KDB)


Vattenfall Wins Danish Wind Project

By Erik Matzen and Nikolaj Skydsgaard Swedish utility Vattenfall has won a tender to build Denmark's biggest offshore wind farm, but still faces the potential cancellation of a separate wind project in the country, the Danish energy ministry said on Wednesday.


China Cosco, DEME in Offshore Wind Deal

Photo: DEME

 The Belgian dredging, environmental and marine engineering group DEME Group and Chinese COSCO Shipping have officially embarked on a joint journey to develop offshore wind energy in China, under an umbrella agreement signed on 31 October


DSME Creditors Mull Equity Swap

Image: Daewoo Shipbuilding and Marine Engineering

 Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are set to announce a debt-for-equity swap and other measures, worth 3 trillion won (US$2.62 billion), reports Yonhap.   Korea Development Bank (KDB), a main creditor of DSME






 
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