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

Technology

Hoover Container Solutions Unveils Asset Tracer

Hoover Container Solutions, a subsidiary of Hoover Group Inc., and a global provider of chemical tanks, cargo carrying units and related products and services, has unveiled its new Liquitrac Tracer,

CMA CGM Launches 18,000 TEU Containership

Container shipping firm CMA CGM Group has taken delivery of its newest colossal containership, the 18,000 TEU, 400-meter-long CMA CGM Bougainville.   Now the

USN's Fourth MUOS Satellite Launched

After a two-day delay due to tropical storm conditions, the Navy's fourth Mobile User Objective System (MUOS) satellite launched at 6:18 a.m. EDT from Space Launch Complex 41.

Shipbuilding

Willard to Supply Patrol Boats for the Philippines

The U.S. Department of State awarded a contract to boatbuilder Willard Marine, Inc., to provide the Philippine National Police Maritime Group with patrol vessels

Comprehensive Winch Outfitting for New Trawlers

Fishing company HB Grandi of Iceland recently awarded Naust Marine a contract for complete winch outfitting of three new 180 ft. fishing trawlers.   The contract,

CMA CGM Launches 18,000 TEU Containership

Container shipping firm CMA CGM Group has taken delivery of its newest colossal containership, the 18,000 TEU, 400-meter-long CMA CGM Bougainville.   Now the

Workboats

Comprehensive Winch Outfitting for New Trawlers

Fishing company HB Grandi of Iceland recently awarded Naust Marine a contract for complete winch outfitting of three new 180 ft. fishing trawlers.   The contract,

MN 100: Elliott Bay Design Group

The Company: Elliott Bay Design Group (EBDG) is a Seattle-based, employee-owned enterprise with offices in New Orleans and Ketchikan that provides full-service naval architecture,

CTruk Delivers Wind Farm Support Vessel

Shipbuilder CTruk Boats, a manufacturer of composite wind farm support vessels (WFSV), has delivered the second workboat in a two-craft order from CWind.   The

Finance

Former CIA Spy Ship Becomes Victim of Oil Slump

A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices.   Christened the Hughes Glomar Explorer,

Greece Wants EU Funding to Tackle Migrant Influx

Greece will ask the European Union for about 700 million euros to build infrastructure to shelter the hundreds of refugees and migrants arriving on its shores daily, the government said on Thursday.

Asia-Europe Box Rates Soar Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 29 percent to $763 per 20-foot container (TEU) this week data from

Marine Materials

RYDLYME Marine Selects GoM Distributor

RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats,

MN 100: Dometic Marine

The Company: Dometic Marine is an engineering leader of innovative products for the global marine industry and offers a large worldwide sales and service network.

CTruk Delivers Wind Farm Support Vessel

Shipbuilder CTruk Boats, a manufacturer of composite wind farm support vessels (WFSV), has delivered the second workboat in a two-craft order from CWind.   The

Marine Equipment

Hoover Container Solutions Unveils Asset Tracer

Hoover Container Solutions, a subsidiary of Hoover Group Inc., and a global provider of chemical tanks, cargo carrying units and related products and services, has unveiled its new Liquitrac Tracer,

USCG AIS Mandate Resource Center Launched

McMurdo informs it has launched an online resource center at to help impacted vessel operators comply with the requirements of the United States Coast Guard (USCG)

RYDLYME Marine Selects GoM Distributor

RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats,

People in the News

A Great Passion for Small Ships

Gottfried Knöbel owns almost 1,500 miniature model ships, many of them are Hapag-Lloyd ships. How did he end up with this collection?   In a quiet residential district in Cologne,

Busan Port Names Woo Ye-jong as New CEO

The Busan Port Authority (BPA) announced Woo Ye-jong has been named as its new CEO, as appointed by the Korean Ministry of Oceans and Fisheries.   Woo took office on July 31,

Mary Anne Rooney Named APP President

Mary Anne Rooney, Harbor Commissioner at California’s Port of Hueneme, has been named President of the Association of Pacific Ports (APP), a trade and information

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.3010 sec (3 req/sec)