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Newbuild Program

ABS Nautical Signs 30 New Contracts, Doubles Staff

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. “By integrating our ship maintenance software with the classification and survey requirements of ABS, we will have the ability to streamline the owners’ inspection process and move towards developing a more standardized, class-approved maintenance program,” said Karen Hughey, President and COO of ABS Nautical Systems. “The tremendous success of the Newbuild Program has prompted us to double our customer support staff and develop expanded offerings to provide greater value for our customers.” One of the first class-integrated, fleet maintenance solutions, the Newbuild Program offers free hull inspection, web-based drawings management and maintenance management software to all ABS-classed vessels built after January 1, 2009.  One-third of the new contracts signed have come from existing customers. The Hull Inspection, Maintenance & Repair and Web-based Drawings modules included with the Newbuild Program are pre-loaded with the technical data specific to the newly built vessel


Hornbeck to Spend $265M on New Boats

Hornbeck Offshore Services, Inc. announced a new vessel construction programs for each of its two business segments, making it the company's fourth OSV newbuild program and second tug and tank barge (TTB) newbuild program. Hornbeck is seeking bids from domestic shipyards for the two programs. Based on internal estimates, the incremental cost of the two expansion programs is expected to be approximately $265 million in the aggregate


ABS Nautical Systems Signs Caspian Drilling Company

ABS NS Logo from Web.jpg

Caspian Drilling Company, based in Azerbaijan, will install ABS Nautical Systems’ NS5 Enterprise software on four of its drilling rigs.   Three of these rigs will take advantage of the ABS Newbuild Program and the Transfer of Class Agreement Initiative (TOCA)* by implementing the Hull Inspection and Maintenance & Repair modules.  A Survey Planning Document will be prepared for each of these rigs as well


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


ABS Nautical Systems Wins Two International Contracts

ABS NS Logo from Web.jpg

ABS Nautical Systems Nets Two New Clients.   ABS Nautical Systems has signed a contract with Samson Maritime Ltd. for the use of its NS5 software.   Located in Mumbai, Samson Maritime Ltd., owns and operates a fleet of offshore supply vessels, maintenance tugs and workboats.   Samson Maritime Ltd. has chosen to implement the Maintenance & Repair, Hull Inspection and Drawings Management modules as offered through the ABS Newbuild Program


I.M. Skaugen Completes Newbuild Program

I.M. Skaugen ASA, Oslo (IMSK) will take delivery of its sixth vessel in the newbuilding program, MV "Norgas Napa", on October 31, 2003. The vessel is built by the Hudong - Zhonghua Shipbuilding Group in Shanghai, China. The successful completion of the newbuilding program combined with the new alliance with A.P. Møller - Maersk have placed Norgas Carriers and Maersk, with the joint venture MNGC, a one of the world's leading gas carriers


ABS Nautical Systems NS5 Update

ABS Nautical Systems, provider of integrated fleet management software, announced the release of 5.5, an upgraded version of the NS5 suite of fleet management software modules. Based on customer feedback and insights, this version incorporates more than 130 new functionalities and modifications. “Customer input helped steer the initial product development phases for 5.5,” said Fernando Lehrer, Director of Product Development at ABS Nautical Systems


ABS Nautical Systems Gains Three Greek Customers

ABS Nautical Systems expands in Greece with contracts signed by Sun Enterprises Ltd., Quintana Shipping Ltd. and Nautilus Marine Acquisition Corp. All three companies will utilize ABS Nautical Systems’ Energy & Environmental Manager module through the ABS Newbuild Program, which offers complimentary software to ABS-classed vessels built after January 1, 2009. Sun Enterprises Ltd., located in Piraeus, serves as the consolidated operating company for a modern fleet of tankers and


Craig Group Invests £70M in Six Newbuilds

Photo: Craig Group

Family-owned shipping and energy services firm, Craig Group, today announced the investment of £70 million to build six new rescue vessels at the Balenciaga Shipyard in Northern Spain. Four D class IMT 950 Emergency Response and Rescue Vessels (ERRVs) and two F class IMT 958 ERRVs will be delivered during 2014 and early 2016, replacing existing tonnage in the fleet. Douglas Craig, Chairman and Managing Director of Craig Group, said


Hornbeck Offshore Q3 2009 Results

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the third quarter ended September 30, 2009. Third quarter 2009 revenues decreased 17.4% to $90.1 million compared to $109.1 million for the third quarter of 2008. Operating income was $27.1 million, or 30.1% of revenues, for the third quarter of 2009 compared to $52.6 million, or 48.2% of revenues, for the prior-year quarter. Net income for the third quarter of 2009 was $13.8 million, or $0


N-KOM Lays Keel for Qatar’s First Liftboat

N-KOM & Gulf Drilling International senior management and project teams at keel laying ceremony of liftboat Al Safliya (H101) held at the N-KOM Shipyard in Qatar

Nakilat-Keppel Offshore & Marine (N-KOM) has achieved another milestone with the keel laying of its first liftboat newbuild project, awarded in July 2014 by long-time client Gulf Drilling International (GDI). The project marks the shipyard’s first foray into the offshore jack-up newbuild


Hornbeck Offshore Ride High on Q2 2014 Results

Offshore scenes: Image courtesy of Hornbeck

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet


Shelf Drilling Sings 5-Yr Contract For 2 Newbuild Jackups

Shelf Drillings contracted Rig

Shelf Drilling, Ltd. today announces that one of its subsidiaries has been awarded contracts for two newbuild jackup rigs by Chevron Thailand, a subsidiary of Chevron Corporation (NYSE : CVX). The two drilling contracts are for a five-year term each and the newbuild rigs are scheduled to commence


Ship Scrapping Increases, but in Wrong Trades

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Although the number of vessels being scrapped this year has increased dramatically, and looks set to continue rising, it is having little impact on the current excess of supply over demand where it matters most – in the East-West trades


The Crowley Way

“I think our industry has to take a more proactive role in cleaning ourselves up, instead of simply defending ourselves and trying to say it’s not that bad. It is going to be expensive and the cost of transportation is going to increase, but I think the world understands that.”  -Thomas B. Crowley, Jr., Chairman and CEO,  Crowley Maritime Corporation

Walk in the front door at Crowley Maritime Corporation HQ in Jacksonville, Fla., and you learn nearly everything you need to know about the company. With your visitor’s badge, you are handed a “Safety and Evacuation” brochure


Damen Completes PSV Order for World Wide Supply

World Sapphire (Photo: Damen)

The official christening of the World Sapphire marks the completion of a six-ship order whereby Damen Shipyards has delivered six Platform Supply Vessels (PSVs) to Norwegian company World Wide Supply (WWS) AS in just six months. The Damen PSV 3300 features a radical design rethink


Hornbeck Offshore Net Income Doubled in Q4 2013

HOS Riverbend: Photo courtesy of ESG

Covington, LA. headquartered Hornbeck Offshore Services, Inc. has announced its financial results for the fourth quarter ended December 31, 2013 with a year-on-year almost quarterly doubling of net income. Highlights of the report are as follows:


Twin Trillium Class Bulkers Launched at Shipyard

Photo: CSL

On January 25, 2014, two newbuild Trillium Class bulk carriers were launched for Canada Steamship Lines Inc. (CSL) at Yangfan shipyard in Zhoushan, China. The 36,100-DWT, seaway size gearless bulkers are part of CSL’s ambitious fleet renewal program which oversaw the delivery of four new


Keel Laid for Australian Air Warfare Destroyer

A keel-laying ceremony was held February 3 for Australian Air Warfare Destroyer (AWD) HMAS Brisban at Techport Australia, Adelaide. The vessel is the second of the Air Warfare Destroyer program. At the ceremony, Australian Minister for Defense Senator David Johnston said


Noble Reports 2013 Results

Noble Don Taylor

Noble Corporation has reported fourth quarter 2013 net income of $174 million, or $0.68 per diluted share. Results for the fourth quarter included an after tax charge of $36 million, or $0.14 per diluted share, relating to an impairment taken on the FPSO Seillean


Mobile's Maritime Renaissance

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Timing, they say, is everything. Cliché, for sure, but BAE System’s strategic decision a few years ago to buy, invest and reinvigorate newbuild and repair operations in Mobile, Alabama, seems poised to pay off handsomely as the U.S. maritime market faces a historic rebound.  


Strong Offshore Market Demand Prompts Swissco OSV Orders

Image courtesy of Swissco

Singapore's Swissco Holdings say they have placed orders with China shipyards for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate of S$42 million


Swissco Orders Two AHTS Vessels

  Two AHTS (80 metric ton bollard pull with dynamic position capability) One 36 meter fast utility/crew boat with option for a second vessel Continues its fleet renewal and expansion program to capitalise on strong demand for offshore support vessels  


Crowley Raises Market Funds Mainly for Newbuild Program

Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company says it intends to use the net proceeds from this offering in connection with its new vessel build program as well as for


Transocean Future Newbuild Drillship Chartered Out

Transocean deepwater liftboat: Photo courtesy of Transocean

Transocean Ltd. has been awarded a five-year contract by Chevron U.S.A. Inc. for a newbuild dynamically positioned ultra-deepwater drillship. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of






 
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