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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Cummins Connected Diagnostics Available with Geoteab

Geotab, a telematics engineering company, and Cummins Inc., an  independent manufacturer of diesel and natural gas engines, controls and emission solutions, has

Transas Academy Launched

Transas Academy launched during the Simulation User Conference 2016   Transas has launched its newly established Transas Academy, part of the company's THESIS,

Interactive Map Highlights Shipping's Global Security Threats

Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map.   The

Shipbuilding

US Contract for Next Generation Nuclear Sub Planning Program

The US Navy has awarded General Dynamics Electric Boat a $23.6 million contract to continue development work on the Ohio-class replacement nuclear submarine, General Dynamics said in a press release.

Meyer Turku Lays Keel of Tallink’s LNG Ferry

The keel of the Tallink’s new LNG-powered fast ferry Megastar was laid at the Meyer Turku shipyard   The hull assembly of Tallink’s new fast ferry Megastar started

Pentagon: Cut in LCS Ship Program 'Not an Indictment'

U.S. Deputy Defense Secretary Robert Work said the Pentagon's plan to truncate the Littoral Combat Ship program at 40 ships instead of 52 reflected budget pressures

Ship Repair & Conversion

Beacon Finland Appoints Rio Marine for US Support

Beacon Finland, a maritime-related firm engaged in naval architecture, marine engineering and equipment, has appointed Rio Marine to service its JAK-ATB coupling systems in the U.

Noncompliant Cargo Ship Banned from Australia

The 86-meter general cargo ship Noah Satu has been prohibited from entering or using any Australian ports for the second time in less than 12 months, following another round of safety,

‘Choice Alliance’ Formed to Serve BWT Market

A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market.

Workboats

The Mississippi River and the 2016 Flood’s Impact on Dredging

The Mighty Mississippi River connects 31 states and 2 Canadian Provinces by a liquid superhighway that includes over 250 tributaries and features more miles of

New Multipurpose Tractor Tugs from OSD

Netherlands-based OSD (Offshore Ship Designers) has designed a new series of tractor tugs which can be used for a range of functions, including escort operations,

First Damen Tug for Fratelli Neri

Fratelli Neri S.p.A has taken delivery of a Damen ASD Tug 3212. The new vessel, called Luisa Neri, was handed over from Damen Maaskant Shipyards Stellendam in the Netherlands, on 25 January 2016.

Finance

Obama’s Budget ‘Grossly Imbalanced’ For US Ports -AAPA

Landside freight transportation funds would increase; navigation, port security and emission reduction funds would drop    The American Association of Port Authorities

Amazon Expands Logistics Reach in China

Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.

AIWA Highlights Investment Needs on the Nation’s Marine Highways

Nowhere is that more important than on the Atlantic Intracoastal Waterway. As 2016 begins, we at the Atlantic Intracoastal Waterway Association (AIWA) are looking

Marine Materials

Hempel Coatings for Lemissoler Newbuilds

Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has coated four of its eight newbuild 58,500 dwt

JFD Wins Lifeboat Design Contract for Flash Tekk

JFD, part of James Fisher and Sons plc, announced that it has won a contract with Singaporean company Flash Tekk Engineering for the design and manufacture of up

ALMACO Wins Statoil Order for 450 Cabins

ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway.

Marine Equipment

Ellicott Takes On Rohr-Idreco Line in Latin America

Ellicott Dredges LLC & Rohr-Idreco Dredge Systems, which are owned by Ellicott Dredge Enterprises, LLC, has  announced that Ellicott's Latin American Sales Manager,

Beacon Finland Appoints Rio Marine for US Support

Beacon Finland, a maritime-related firm engaged in naval architecture, marine engineering and equipment, has appointed Rio Marine to service its JAK-ATB coupling systems in the U.

‘Choice Alliance’ Formed to Serve BWT Market

A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1303 sec (8 req/sec)