Expanding its presence in the growing offshore West African market, Seabulk Offshore -- a subsidiary of Seabulk International, Inc. (Nasdaq: SBLK) -- announced that it has ordered two additional vessels for delivery in late 2004 and mid-2005, respectively. Built at a combined cost of approximately $23.4 million, the new vessels will work under long-term contracts for a major international oil company in offshore Angola. "West Africa is our biggest market and represents more than half of Seabulk Offshore's revenue," commented Larry D. Francois, President of Seabulk Offshore. "These new vessels are a response to our customers' needs and signify our confidence in the long-term potential of this region, where we are currently the number two operator with 40 vessels." The vessels, the Seabulk Advantage and the Seabulk Luanda, bring to five the total number of newbuilds currently under construction for Seabulk Offshore. Of the five, three are destined for West Africa and two for Brazil. They are part of Seabulk Offshore's ongoing fleet renewal program, which has resulted in the delivery or construction of ten new vessels since the beginning of 2003. The Seabulk Advantage is a 4,800-horsepower, four-point-mooring Platform Supply Vessel (PSV) being built in China for Jaya Shipbuilding & Marine, Pte. of Singapore at a cost of approximately $8.6 million
Expanding its presence in the growing offshore West African market, Seabulk has ordered two additional vessels for delivery in late 2004 and mid-2005, respectively. Built at a combined cost of approximately $23.4 million, the new vessels will work under long-term contracts for a major international oil company in offshore Angola. "West Africa is our biggest market and represents more than half of Seabulk Offshore's revenue," commented Larry D. Francois, President of Seabulk Offshore
Seabulk International, Inc. has reported a net loss of $6.3 million for the quarter ended December 31, 2001. Included in the loss for the quarter is a writedown of $1.4 million or $0.13 per diluted share on the planned disposal of the company's inland barge and shipyard operation, part of an ongoing program to refocus the company on its core business. In the year-earlier period, the Seabulk had a net loss of $9.6 million or $0.96 per diluted share. Revenues of $84.2 million in the
Seabulk International, Inc. announced the election of Hubert E. Thyssen as Corporate Vice President, effective immediately. Thyssen, who joined the company in 1997 when it acquired the 36-vessel Care Offshore fleet of Nyon, Switzerland, will continue to serve in his capacities as Senior Vice President of International Marketing for the 133-vessel Seabulk Offshore fleet and as Managing Director of Seabulk Offshore's operations in West Africa, Europe and South America.
Hvide Marine Inc. reported a net loss of $9.6 million for the fourth quarter ended December 31, 2000, on revenues of 80 million. In the year-earlier period, the company had a net loss of 197 million, including charges related to its reorganization, on revenues of $76.8 million. Operating income in the fourth quarter of 2000 was 8.1 million versus an operating loss of $11.8 million in the fourth quarter of 1999. For all of 2000, the company reported a net loss of $29 million or 2
Seabulk Offshore Ltd., has selected ABS Nautical Systems SafeNet fleet management system for 14 supply, crew and utility boats operating in the US Gulf of Mexico. "The strength of the SafeNet system is the complete integration that exists between the various management modules," said ABS Nautical Systems' senior business development manager Joe Woods. Seabulk Offshore has contracted for the Maintenance & Repair, Purchasing & Inventory and Financial Reporting modules
U.K. based software house Marine Software Ltd was commissioned by Hebridean Island Cruises to set up their Marine Planned Maintenance system for the M.V Hebridean Spirit from existing AMOS D data and was delivered as a complete working system. Midocean ( IOM ) Ltd, who manage on behalf of the Delmas Group, have continued with installing Marine Software s Marine Purchasing System on their various container and Ro-Ro managed Delmas vessels Patricia Delmas, Roland Delmas, Suzanne Delmas
The propulsion specialist SCHOTTEL, with headquarters in Spay/Rhine, remains on course for success, rounding off the year 2004 with another sales record. The corporate goal of 100 million euro in group sales for the new building and service sectors was achieved (2003: 90 million euro). Exports accounted again for about 80 percent. Of particular significance are the latest worldwide sales successes in the areas of tug propulsion systems, offshore supply vessels and tankers, research vessels
Seabulk International, Inc. announced the appointment of Kenneth M. Rogers as President of its Seabulk Towing subsidiary. He was also elected a corporate Senior Vice President, reporting directly to President and Chief Executive Officer Gerhard E. Kurz. Rogers, 46, joined Seabulk Towing in 2001 as Senior Vice President for Marketing. He will be based in Fort Lauderdale and succeeds William R. Ludt, who is retiring after 23 years with the Company.
The satellite communications sector of the marine market has not been immune from the corporate consolidations that have swept all other corners of the industry, and while this particular niche has been widely regarded as fragmented, it is yet to be seen what the end effect will be for the communication users. However, it can be assumed that competition is still keen, and the name of the communication game continues to center on quality, reliability and capabilities
TradeWinds Towing announced the addition of the former Seabulk tug "Challenger" to its fleet. This 3,800 bhp tug with nozzles is presently on an endurance tow to southern Chile. The Challenger and 300-ft x 100-ft heavy deck barge, Marmac 300
Edoc has confirmed that SCF Liquids (SCF) has chosen Helm Marine Operations software (Helm) to run itsoperations. SCF Liquids is part of Seacor Holdings Inc.'s Inland River Services business segment and a sister company to SCF Marine Inc
BAE Systems joined with Mid Ocean Tanker Company (MOTC), Mid Ocean Marine and Alterna Captial Partners earlier this year to commission the American Phoenix, a U.S. Flag/Jones Act-qualified product-chemical tanker. Measuring 616 x 105 ft. with a laden draft of 36 ft
JonRie Marine Winches introduces its new Series “220” Double Drum Escort / Assist Winch currently be installed on the twin ship sets for Caribbean Tug-Z and the new Twin ASDs for Seabulk Towing. JonRie delivered its first 3 ship sets last year to Caribbean Tug-Z and Seabulk
Concerns about pollution from disabled tankers anchored in Kachemak Bay is generating pressure for greater tanker safety measures in Cook Inlet after a cracked oil tanker, the Seabulk Pride, was escorted here by a tug, the Pacific Challenger, from the upper inlet
A 601-foot tanker that was refloated last week after it ran aground in Alaska is due in with escort to Port Angeles Harbor. The Seabulk Pride left Alaska's Kachemak Bay Feb. 8 after the Puget Sound captain of the port cleared it to sail down the coast first to Port Angeles
The Seabulk Pride, a tanker that was anchored in Kachemak Bay last week after it ran aground, departed Kachemak Bay about 9:30 p.m. Feb. 9. The 600-foot double-hull tanker had been in Homer about a week as it was inspected and repaired after ice pushed the ship away from its dock in Nikiski and it
Trico Marine Services, Inc. announces the appointment of Larry D. Francois as Senior Vice President of Operations. Prior to joining Trico, Francois served as President of Seabulk Offshore, a subsidiary of Seabulk International, Inc., for approximately three years where he was responsible for
Conrad's aluminum manager Todd Babin shows the "tweaked" props. The 300-ton travel lift at Conrad Industries Morgan City facility is a major attraction to Gulf Coast crew boat operators. Shallow waters in the area add to the heavy usage that crewboats receive contributes to a steady demand
SEACOR Holdings Inc. said that its Board of Directors has increased by $82.6 million its authorization for repurchases pursuant to its previously announced securities repurchase program. With this increase, SEACOR has approximately $100 million available for such purchases
Hercules Offshore, Inc. has appointed Larry Francois as Chief Executive Officer and President of Delta Towing effective August 20. Delta Towing, a subsidiary of Hercules Offshore, operates a fleet of 96 marine vessels, including 42 inland tugs, 18 offshore tugs and 36 crew boats
Seabulk Towing is scheduled to christen the sister tugs Buccaneer and Gasparilla at its Tampa, Fla. facility on Thursday, January 24. Sponsors are Lorraine Gontarski, to christen tug Buccaneer on behalf of her husband, Joe Gontarski, who is Senior Director and special assistant to the Executive
For the quarter ended September 30, 2007, net income was $70.3 million, or $2.66 per diluted share, on operating revenues of $359.9 million. For the nine months ended September 30, 2007, net income was $173.7 million, or $6.44 per diluted share, on operating revenues of $996.1 million.
For Victoria marine enterprise software developers Edoc Systems Group, the past years economic storm has been more about riding calm winds and following seas. They are expanding and hiring while others in the software industry have been retrenching and shedding staff.
On December 4, 2009, a federal district court in Va. entered judgment in favor of the U.S. Coast Guard and Matson Navigation Company, Inc. in a long-running vessel foreign rebuild case. Winston & Strawn LLP represented Matson. The Shipbuilders Council of America, Inc