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 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
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
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
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
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
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
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
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
Rolls-Royce Marine and Nauta S.A. ship repair yard have signed a cooperation agreement in Poland. Under the new partnership, Rolls-Royce Marine will gain exclusive rights to provide services on all Rolls-Royce equipment coming into the shipyard. In return, the cooperation is expected to bring in an increased flow of customers into the shipyard, knowing they can readily access the original equipment manufacturer expertise required for the work, Rolls-Royce said
In a business where time is money, Signal Ship Repair’s niche ‘high blocking’ repair methods have significantly reduced repair times and increased shipyard efficiencies. If Signal Ship Repair’s (SSR) primary business can generically be described simply as ship repair and
8365 Hwy 308 South Lockport, LA 70374 Tel: (985) 532-2554 Email: Robert S@bollingershipyards.com Website: www.bollingershipyards.com CEO: Donald “Boysie” Bollinger President: Chris Bollinger The Company: Established in 1946, the family owned and operated
Capt. George A. Capacci Interim Assistant Secretary WSDOT/Ferries Division reports in the 'WSF Weekly Update' on the 'Tacoma' repair plan as follows: "This week, we received an initial update on the Tacoma repair plan from Siemens Marine Solutions.
A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s
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
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 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
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
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
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
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
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
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
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.
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.