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

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

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 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

ABS Nautical Systems Signs Caspian Drilling Company

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

NORSHIPCO Weathers the Economic Storm

A down economy, a disabled drydock and a nation under heightened security measures — not exactly the best position for a ship repair facility to be in — or so one would think. Norfolk Shipbuilding & Drydock Corporation (NORSHIPCO) however has managed to stay on top with its steady stream of government and commercial work coming in into its yard. A member of the United States Marine Repair (USMR) group of shipyards, NORSHIPCO, as well as its West Coast yard affiliates

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

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

Hornbeck Announces 1Q 2013 Results

Hornbeck Offshore Services, Inc. announced  results for the first quarter ended March 31, 2013.    Following are highlights for this period and the Company's future outlook: •    Record quarterly revenue of $147.5 million for 1Q2013 was up 23% from the year-ago quarter and 11% sequentially •    1Q2013 operating income of $47.4 million increased 66% from the year-ago quarter and 46% sequentially