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Vessel Repair

Drydocks World Allies with Ship Management Company

Drydocks World announced that an Alliance Agreement has been signed with EXMAR Shipmanagement Drydocks World, whose business is in ship repair, conversion and new building, has announced that it has signed an Alliance Agreement  with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry. The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement, and EXMAR Shipmanagement is expected to consider Drydocks World as preferred yard for all its ship repair and maintenance needs in the Middle East region.  It should thus translate into an increased volume of business and further enhance co-operation over the near to medium term.    Drydocks World has received 13 vessel repair orders from EXMAR Shipmanagement, primarily gas carriers – both Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) since 1998. The number of vessels catered to has increased over the years, from 2007 and the shipyard is expecting more orders in 2012 due to the renewed partnership based on the Alliance Agreement. The shipyard’s Afloat Repair Division has also addressed several repair needs of the LNG Carriers. EXMAR Shipmanagement manages 30 vessels, mostly gas carriers.      


Aries Maritime Provides Update on the Ostria

Aries Maritime Transport Limited announced the Ostria, a 2000-built products tanker, has returned to service effective January 13, 2008 following the completion of previously announced repairs and preventative maintenance works. The vessel is currently deployed in the spot market as the Company explores period charter opportunities. Aries has received an initial payment of approximately $850,000 in respect to its claim under repairs insurance for the Ostria


CIT Takes Issue With Customs' Duty Calculation in Dry-Docking Case

The vessel repair statute (Section 466 of the Tariff Act of 1930, 19 U.S.C. § 1466) requires the payment of a 50 percent ad valorem duty on the cost of foreign equipment purchased for, or expenses of repairs made to, U.S.-flag vessels in a foreign country. The purpose of the vessel repair statute is to protect U.S. shipyards and to discourage vessel operators from taking their vessels abroad for the purpose of obtaining less expensive foreign repairs. The U.S


Hope Services, Inc. (HSI) Delivers Again

Photo courtesy Hope Services, Inc.

On October 5, 2009, Hope Services Inc. (HSI) delivered the M/V Lavaca Bay to Higman Marine Services, of Houston, Texas.  The 2000 horsepower boat measures 72 ft by 30 ft with a draft of 10 ft.   Hope Services, Inc. has been designing and building vessels since 1986, but has been expanding its operations over the last year to include more vessel repair and refurbishment at its Dulac, Louisiana, facility


Manitowoc Wins DH Barge Contract

Hornbeck Offshore Transportation has contracted with Manitowoc Co. to build a 110,000-barrel, double hull tank barge due for delivery in one year, with an option to purchase three additional units within the next year. The contract will be fulfilled through Manitowoc's Toledo ShipRepair Co. "this contract marks the first new-construction project for the Toledo facility in approximately 15 years," said Dennis McCloskey, president of Manitowoc's Marine Group


Signal International Completes Mobile Yard Renovations

Photo courtesy Graphique, Inc.

Signal International Inc. recently completed a $9m yard and drydock renovation on its ship repair facility in Mobile, Alabama.  Signal Ship Repair (SSR), the company’s most recent acquisition, is the flagship vessel repair and new construction division for ships, workboats, and tugs in the Signal family of yards.  The facility upgrade project was completed ahead of schedule and ready for the Transocean Deepwater Navigator


Bollinger VP Larry Vauclin to Retire

Larry Vauclin

Bollinger VP Larry Vauclin to Retire After 52 Years in the Shipyard Industry Bollinger Shipyards, Inc. announced the upcoming retirement of its Vice President Central Division, Larry Vauclin. Vauclin’s retirement was announced by Bollinger Executive Vice President, Ben Bordelon, who said, “Larry has been a critical part of the growth of Bollinger over the past 16 years, and a mentor to many in the shipyard industry over his 52 year career


Shaver Taps Sundial For New Barges

Sundial Marine Construction and Repair, Inc., of Troutdale, Ore., signed a contract to build two new grain barges for Shaver Transportation Co. The Shaver barges will be 273 x 42 ft. wide, and are designed to carry 120,000 bushels of grain on the Columbia River inland waterway system. The barges were designed by J. Cameron McKernon Company for Shaver Transportation. Sundial Marine will work closely with Far West Steel to complete the team approach to this project. The barges for


ASL Marine Buys Next-Door Indonesian Shipyard

Batam Shipyard: Photo courtesy of ASL

Headquartered in Singapore, ASL own four shipyards in Singapore, Indonesia (Batam) and China (Guangdong). They inform they have conditionally agreed to purchase for US$20-million a shipyard belonging to Miclyn Express Offshore Limited (MEO), located adjacent to its own yard in Batam, Indonesia. The Batam shipyard is  situated in a free trade zone with industrial areas designated specifically for shipyards with infrastructure such as roads, telecommunications


MARAD: $10m in Small Shipyard Grants Awarded

U.S. Transportation Secretary Ray LaHood announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace. “These grants will help improve our ability to build and repair ships in the United States, strengthening our economy and helping position these small businesses and shipyard workers to be better prepared to win the


How to Work with Your Insurer When Experiencing a Loss

Marine insurance – just like health, automobile and homeowner’s insurance – can be a valuable safeguard in case something unexpected happens. And when something bad happens, it provides reassurance that you have assistance in place to help get back to business quickly.


ASRY Slipway Repairs 6 Vessels Simultaneously

Photo: ASRY

ASRY, a ship and rig repair yard in the Arabian Gulf, recently saw six vessels under repair simultaneously on its dual slipways in a sign that the yard’s small and medium sized vessel repair business continues to flourish since the opening of the its state-of-the-art slipways.


LISNAVE Stable Despite Workload Reduction

Photo: LISNAVE

As expected, 2013 did not bring significant changes to the evolution of the world economy and consequently the rate of growth of world trade. With regard to the maritime freight market, the same situation of imbalance between supply and demand continued with a consequent reflection in value of


Bollinger Shipyards Name Richardel V-P & GM of BMF

Daniel “Danny” Richardel: Photo courtesy of Bollinger Shipyards Inc.

Bollinger Shipyards announce that Daniel “Danny” Richardel has been named Vice President-General Manager of Bollinger Marine Fabricators, Amelia, Louisiana.    Ben Bordelon, Bollinger’s Chief Operating Officer said: “Danny has been an integral component of


Bollinger Advances in $10 Billion OPC Program

Chris Bollinger, President of Bollinger Shipyards

Bollinger Shipyards, Inc. was notified yesterday by the United States Coast Guard (USCG) that Bollinger is one of three companies selected for award of Phase I for the Offshore Patrol Cutter (OPC) program. Chris Bollinger, President of Bollinger Shipyards provided remarks today after receiving


Arbitration Awards NAT $10.2M for Ship Repair Bill

Nordic American Tankers (NAT) announced that an arbitration panel in London has produced an award in favor of NAT. Gulf Navigation Holding PJSC (GulfNav) was the other party in the arbitration. The case relates to the six-year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic (now


Signet Poised for Growth

Joseph W. Dahl to Vice President & General Manager of SS&R.

Signet Maritime Corporation is investing $7.2 million in infrastructure improvements to their Pascagoula, Mississippi shipyard, Signet Shipbuilding & Repair (SS&R) to support an increased workload and future growth.   In addition to the recent acquisition of the 150-ton crawler crane


Offshore Momentum Escalates at Gibdock

Viking Vanquish

Strategically located Gibraltar shipyard Gibdock has continued its run of technically advanced offshore support vessel repair and maintenance projects, securing a contract involving a returning customer. The Viking Vanquish, a high capacity 3D seismic survey vessel operated for CGG


Bollinger Builds

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Bollinger Ramps Up for GOM Oil Sector and Builds for USCG Lockport, La.-based Bollinger Shipyards, Inc. is humming with work from oil and gas companies and government agencies. Family-owned and operated, Bollinger has 10 shipyards -- nine in south Louisiana and one in Texas -- along with 28


Carnival Corp Report Profit Slide in Q2 2013

Non-GAAP net income of $72 million, or $0.09 diluted EPS for the second quarter of 2013 compared to non-GAAP net income for the second quarter of 2012 of $159 million, or $0.20 diluted EPS. A brief synopsis follows: Key metrics for the second quarter 2013 compared to the prior year:


Bollinger Wins 8th Consecutive SCA Safety Award

Chris Bollinger, Executive VP of Bollinger Shipyards, Inc., (center) accepts the 2102 Award for Excellence in Safety from SCA Manager Government Affairs, Ian Bennitt (left), and SCA President, Matthew Paxton.

Bollinger Shipyards, Inc. was awarded the 2012 “Award for Excellence in Safety” by the Shipbuilders Council of America for the eighth consecutive year.   On April 11, 2013, The Shipbuilders Council of America (SCA) presented the “Award for Excellence in Safety” to


Wilson Sons Inaugurates Second Shipyard in Guarujá

The Wilson Sons Group is set to inaugurate the second Wilson Sons Shipyards unit in Guarujá (Brazil) next Thursday, April 18th. As a result of a $60 million (USD) investment, the shipyard, which builds tugboats and offshore support vessels


Guarded Optimism for 2013 from U.S. Gulf Boatbuilders

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Caveats and some doubts remain. Marine companies along the Gulf of Mexico will be busy in 2013 producing offshore vessels to meet expected growth in the region’s deepwater drilling sector over the next several years. Vessel repairs will be active too


Damen Completes Seismic Vessel Repairs on Time

Polarcus Vessel Alongside: Photo credit Damen Shiprepair

Seismic Vessel 'Polarcus Adira' visits Damen Shipyards, Den Helder for repair, modification & installation work. Damen Shiprepair Den Helder (The Netherlands) was awarded the contract for modification work on the ‘Polarcus Adira’ operated by Dubai-based Polarcus


Bollinger Awarded Six OSV Conversions from Hornbeck

Artist rendering of the Hornbeck S240 following conversion at Bollinger.

Bollinger Shipyards, Inc. has been awarded a contract by Hornbeck Offshore Services (HOS) to convert six (6) 200 class DP1 offshore supply vessels (OSV’s), to 240 class DP2 OSV’s. The announcement was made by Bollinger executive vice president, Ben Bordelon, who said


 
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