MarineNews Editor's Note

Joseph Keefe
Friday, September 20, 2013
MarineNews Editor Joseph Keefe

Pop Quiz: Think back to the last time that U.S. Shipyards were operating at the breakneck pace now being seen from coast to coast. Now, think about that in context of slowing global demand brought on by overbuilt bluewater sectors. Next, factor in the breathtaking newbuild programs underway in the offshore support, inland marine and Jones Act sectors. And, don’t forget the increasing demand from foreign operators who, more and more, are beginning to understand that U.S. shipyards can build economically in series, for export and with quality that matches or exceeds global standards. Finally, plug in the shrinking trade deficit represented by energy that could eventually eliminate our dependency on foreign oil forever, powering prosperity that could last for a generation.


If you are at a loss for an answer to this month’s MarineNews brainteaser, then you will find yourself in good company. It has been a long time since the stars were aligned quite as nicely as today’s domestic marine markets seem to be. Although a little out my wheelhouse, I could also throw in the hefty charter rates being paid to Jones Act operators to move all of that new domestic energy. I don’t think it any coincidence, therefore, that this money is being redistributed into domestic newbuild tanker programs. Starting on page 104, you’ll find out why the AT/B will have a prominent role in that piece of business. Indeed, things are so good, apparently, that shipyards and operators alike are having a difficult time finding competent help to keep this economic juggernaut moving.


These are good problems to have. That said; it’s no time to take our foot off the gas, nor is it a good time to forget where we came from, why, and what to do to ensure that the current boom doesn’t become just another cycle rather than a sustained period of prosperity. John F. Kennedy said it best when he insisted back in 1963, “A rising tide lifts all the boats.” This month, Susan Buchanan’s report on the U.S. Gulf Coast’s building boom aptly describes what oil and gas producers can expect for support in coming years, and why. As the domestic offshore support fleet becomes more modern and sophisticated, two things will likely occur next: first, the arrival of the long-awaited two-tier charter market and the “flight to quality” envisioned by operators – like Todd Hornbeck, for example – will finally come to fruition. Secondly, partly because of the first supposition, the specter of overbuilt Gulf of Mexico OSV market will not. That’s my take.

 

Finally, and since this is after all our Workboat Annual edition, the pages of this, our largest MarineNews edition ever, also contain the full spectrum of all things “workboat” and the service and OEM sectors that support it. Headlong into the 4th quarter of 2013, I might be accused of being a bit too optimistic about the current state of the domestic waterfront. I like my chances about being right. Turn the pages to find out why.

+ As first shown in the September 2013 print ediion of MarineNews +

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

“Bright Ideas” program - Ash Center - Harvard University

The Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University, recognized the Port of Houston Partners

Shipbuilding

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Gas Turbine Alternator Installed into Aircraft Carrier

The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales,

Ship Repair & Conversion

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

Hospital Ship Brought up to Speed with AMOS

SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).   Mercy Ships’ Africa Mercy,

Repair Yard Chosen for Lysblink Seaways

Cargo ship Lysblink Seaways will be towed to Inchgreen, Greenock for repair work after grounding last month on Scotland’s west coast.   The vessel, which ran aground February 18,

Workboats

Mariner Medevaced in Alaska

An ailing mariner was medevaced from a fishing vessel in Beaver Inlet, approximately 13 miles southeast of Dutch Harbor, Sunday, the U.S. Coast Guard reported.   The

Editorial: Gettin’ Crabby with Deadliest Catch

As February is our traditional cruise shipping edition, naturally we’ve selected a fishing boat and two crabs for the cover. But as many of you may already know,

Haven Marine Bags Back To Back Dockings

Despite a slow start to the year, Haven Marine Services reports it is now seeing a change in fortunes with two dockings for Svitzer in quick succession, with one

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Marine Equipment

Gas Turbine Alternator Installed into Aircraft Carrier

The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales,

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

Hospital Ship Brought up to Speed with AMOS

SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).   Mercy Ships’ Africa Mercy,

People in the News

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Hike in Service Tax at Indian Ports

The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The rate

Vessels for the Future – New R&D Initiative

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3720 sec (3 req/sec)