Bollinger Gretna, L.L.C., Harvey, La., and K-Sea Transportation Corp. of New York have signed a contract for the construction of four double hull, ocean service, OPA '90 oil barges. The barges will have capacities of 80,000 to 100,000 barrels - terms were not disclosed. The barges will be built primarily for oil service on the Northeast U. S. coast. They will be coupled with existing K-Sea tugs using a connection system designed and delivered by Acomarin Engineering. The system will provide increased operating efficiency and will enhance the safety and reliability of the units. The new barges will feature double block cargo segregation, segregated ballast, cargo monitoring and vapor recovery systems as well as advanced electrical and hydraulic systems. Formerly known as Gretna Machine & Iron Works, a multi-use construction and repair/conversion shipyard, its previous owner had dedicated the 66 year-old facility exclusively to repair and conversion work in October 1997. Modules for all four barges will be fabricated at Bollinger Marine Fabricators Amelia, La and shipped to Bollinger-Gretna where they will be joined to other components produced at Bollinger-Gretna, where final assembly and installation of piping and other systems will be completed. Delivery of the first barge is planned for summer of 2002, with delivery of the remaining three barges scheduled at regular intervals.
Depressed dry bulk market conditions have put severe financial pressure on owners in recent times, triggering a slump in bulkcarrier contracting, observes Clarksons Research. This has helped drive a significant contraction in the bulkcarrier orderbook, which hit a nine year low at the start of September. On the back of the newly slim orderbook, bulkcarrier fleet expansion is expected to ease in the coming years…
By David Tinsley, technical editor An advance in hydrodynamic design has been endorsed by Norwegian energy group Statoil, as the prospective charterer of an innovative newbuild intended for coastwise distribution of oil products. The 4,200-dwt vessel contracted by Bergen Tankers will employ a diesel mechanical propulsion layout based on twin azimuth thrusters incorporating 'pulling' propellers. The project represents the first application of the Norwegian-developed Azipull system in the
ABS Nautical Systems, provider of integrated fleet management software for the maritime industry, announced it has experienced record growth in the second half of 2009. During that period, which began with the launch of the Newbuild Program, ABS Nautical Systems has expanded their business by signing 30 new contracts in just 26 weeks. ABS Nautical Systems expects to continue its momentum and forecasts even stronger growth in 2010.
Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014. This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel
Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion.
Predicting business trends in the notoriously fickle marine business is difficult if not impossible. Yet when developments transpire as they have in the fast craft niche of the ferry business, it is difficult to not read the writing on the wall. The business of designing, building, outfitting and operating fast ferries in the United States is set to take off, as increasing pressures from traffic and environmental concerns force more people to the waterways.
By David Tinsley, Technical Editor Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force
Transocean Ltd. (NYSE:RIG) announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has commenced operations in India under a five-year drilling contract with Reliance Industries Limited. The company currently expects that Reliance will sublet the rig for the first four years of the contract to Oil and Natural Gas Corporation Limited, and that Reliance will operate the rig for the fifth year of the contract.
Reach Subsea has secured a deal worth up to $10.3 million with Technip to provide remote-operated vehicle services on a newbuild subsea construction vessel to be supplied by Eidesvik Offshore. Eidesvik Offshore and Reach Subsea have in partnership entered into a firm contract with Technip in Norway. Reach will execute the contract using Eidesvik Offshore's newbuild TBN Viking Neptun, equipped with Reach ROVs and manned by Eidesvik marine personnel and Reach ROV personnel and
A dramatic collapse in newbuild orders due to a weak market environment across all shipping sectors is putting pressure on the global shipbuilding industry, says Teekay Corporation. Just 7.2 million compensated gross tones (CGT) of new orders have been placed through the first
Shipyards have become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to international shipping association Baltic and International Maritime
Two high-level indicators of vessel and structure demand in the offshore sector are energy prices and oil company exploration & production (E&P) spending, says Clarksons Research. A third, slightly more specific indicator is estimated offshore project capital expenditure
Safe Bulkers, Inc. announced today that the Company has agreed to novate an existing newbuild contract for Hull No. S835, a Japanese Panamax class vessel, and sell, upon delivery, Hull No. 1551, a Japanese Kamsarmax class vessel, in each case, to entities owned by Mr
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to build three Trailing Suction Hopper Dredgers (TSHDs). The TSHDs are worth about S$100 million in total.
The Athens, Greece-based Safe Bulkers Inc. (SB) has reported a loss of $9 million in its second quarter. It had a loss of 15 cents per share. Net revenue for Q2 of 2016 decreased by 18% to $26.2 million from $31.8 million during same period in 2015.
Maersk Drilling delivered a profit of USD 164m (USD 218m) in the second quarter of 2016. The result is positively impacted by a strong operational performance with an average uptime of 98% and savings on operating costs, however partly offset by more idle days
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson. Cruise lines have continued to expand their fleets, with new markets such as China in their sights
DOF Subsea and Technip announce the delivery of Skandi Açu and commencement of contract with Petrobras DOF Subsea and Technip, through 50/50 owned affiliate TechDof Brasil AS, have taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu
Seaspan Corporation announced today the close of the sale of its previously announced public offering of 3,200,000 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") for gross proceeds of $80 million.
DuPont, through its subsidiary Belco Technologies Corporation (BELCO), is installing the first of its proprietary in-line, multi-engine marine scrubbers serving three auxiliary engines on two newbuild bulk carriers. DuPont has submitted a patent application for this scrubber inlet
PPG’s (NYSE: PPG) protective and marine coatings business will showcase four of its’ premium marine coatings solutions at SMM event in Hamburg. Amongst these is one of PPG’s most recent product innovations, the PPG SIGMAGLIDE 1290 fouling release coating
At the SMM maritime trade show in Hamburg, the Bremen-based shipbuilding supplier and provider of consulting and ship-related services LOEWE MARINE announced that it has received an order from shipbuilders Flensburger Schiffbau Gesellschaft (FSG) to supply the rudder systems for five
GEA and A&P Group have signed a Memorandum of Understanding (MoU) regarding a cooperative partnership for the promotion of the ballast water treatment system GEA BallastMaster marineX at the marine trade fair SMM in Hamburg, Germany. The MoU with A&P Group covers the complete requirement
Wärtsilä has been awarded a contract covering four newbuild tanker vessels. The ships are to be built at the Avic Dingheng shipyard in China, on behalf of three Swedish owners; Furetank (two vessels), Älvtank, and Thun Tankers, a fully owned subsidiary of Thunbolagen