New Generation

Massive Cranes Arrive at PNC

Pusan Newport Co, Ltd. (“PNC”), Korea’s new Mega Hub container terminal, has taken its first delivery of Ship-to-Shore cranes. The vessel from ZPMC located in China arrived on Sunday, carrying the first three of the massive cranes. Pusan Newport has ordered a total of 26 cranes from ZPMC. Nine cranes will arrive prior to the scheduled facility opening for January 2006. The remaining cranes will continue arriving throughout the development of the facility. The cranes are designed with a rail gauge of 42.7 meters which allows ample space for 9 lanes of truck traffic. Past generation cranes have been designed for only 30 meter rail gauge. These new generation cranes are built to eliminate production hampering congestion while operating on large container vessels with multiple cranes. The expanded rail gauge provides improved stability for these large cranes which handle future vessels of 22 containers wide. The cranes have a lifting capacity of 65 LT under the twin lift spreader. Robert Walker, Vice President of Pusan Newport Co., and DPI Terminals, Korea commented: “The arrival of the first cranes in any green-site facility is a milestone event. We are especially proud to be taking possession of these new generation cranes which are built for productivity. This is a demonstration of DPI’s commitment to invest fully in this project and to deliver the highest levels of customer service when operations commence in 2006.”

MPI Windfarm Construction Vessels Win Award

MPI Offshore Limited was presented earlier in the year with the Inaugural Offshore Renewables Award at the Annual Offshore Support Journal Awards event MPI Offshore’s new generation of offshore wind turbine installation vessels are expanding the envelope of the renewables industry, taking it into deeper water and harsher environments. With a new generation of offshore windfarms under construction in more remote locations and harsher environments

HOS Buys Boats

Hornbeck Offshore Services, Inc. exercised its option to purchase the HOS Hotshot, a new 165-ft. fast supply boat that it has been operating under a bareboat charter since it was delivered in April 2003. HOS also entered into a definitive agreement to purchase two 6,000 hp ocean-going tugs that were built in 1983. Hornbeck expects to close the tug acquisitions by the end of June 2004, at which time the vessels will be converted for service in the company's U.S. transportation fleet

Strategic Marine Posts More Firsts

Australian shipbuilder Strategic Marine has broken new ground by winning a contract to build a 23.9m new generation compact tug – the first tugboat signing in the company’s history. The vessel, which has a 60 ton bollard pull, has been ordered by the of – another breakthrough since the Port becomes Strategic Marine’s first client. The steel vessel, which will have a deadweight of 105 tons and a free-running speed of 12 knots, will be powered by a Voith Water Tractor

Strategic Marine Wins Tug Deal

  Western Australian shipbuilder Strategic Marine has broken new ground by winning a contract to build a 23.9m new generation compact tug – the first tugboat signing in the company’s history.   The vessel, which has a 60 ton bollard pull, has been ordered by the Port of Napier – another breakthrough since the Port becomes Strategic Marine’s first New Zealand client. The steel vessel

FarSounder Previews its New Navigation Sonars

FarSounder will announce its next generation navigation sonar which has many new features at the upcoming Monaco Boat Show The new models will have longer detection ranges, in-water tracking for improved image stability, and chart overlay of sonar targets. Over the past few years, the FarSounder team has been developing the next generation of its navigation sonars. These improvements include both a complete redesign of the Transducer Module electronics and cutting edge sonar signal

HOS Buys Boats

Hornbeck Offshore Services, Inc. exercised its option to purchase the HOS Hotshot, a new 165-ft. fast supply boat that it has been operating under a bareboat charter since it was delivered in April 2003. HOS also entered into a definitive agreement to purchase two 6,000 hp ocean-going tugs that were built in 1983. Hornbeck expects to close the tug acquisitions by the end of June 2004, at which time the vessels will be converted for service in the company's U.S. transportation fleet

Transas Chosen for Ferry Newbuilds

Transas signed a contract with Uljanik shipyard, Croatia, to equip four ferry new buildings with its onboard navigation systems. The contract will be implemented before the 2006 and the first ferry is scheduled for commissioning at the beginning of 2005. Each ferry will be fitted out with GMDSS equipment, ARPA/Radar system, Automatic Identification System, autopilot, gyro- and magnetic compasses, log, echo sounder, Global Positioning System (GPS) and Ship Security Alert System (SSAS).

Apex Marine Premieres ABS NS 5 Management System

Apex Marine Ship Management Company, LLC. of New York is the first ship operator to select the new NS 5 fleet management software developed by ABS Nautical Systems LLC (ABS NS). NS 5 represents a new generation of software that offers enhanced flexibility, more power and even greater ease of use. As operator of eight handymax size bulk carriers in the international bulk commodity market, Apex has contracted for the NS 5 Maintenance & Repair Module

Hornbeck Offshore Q4 2009 Results

Hornbeck Offshore Services, Inc. (NYSE:HOS) announced results for the fourth quarter ended December 31, 2009. Following are highlights for this period and the Company's future outlook:   --  Company initiates 2010 EBITDA and earnings guidance   --  Contract backlog for new generation OSV vessel-days at 56% for 2010, up from 40% as of 3Q 2009   --  Vessel-stacking and fleet rationalization strategy saves $32.1 million in 2009 cash operating expenses