Marine link
 

MORGAN MARINE

Vessels: GCI Completes Sun Towing Tugs

Voyager and Quest could not be two more apt names for Sun Towings pair of new tugboats, as it was precisely this that was required to complete the vessel's construction. The two hulls were started nearly 10 years ago, and had more than 2,000 miles experience before the first main engines were installed. The hulls were originally built by Marine Power and Equipment in Seattle in 1990, and moved three different times, from Washington State through the Panama Canal to Texas, then finally to Louisiana. The odyssey of the hulls was well worth it, however, according to their owner, Captain Mike Smith of Sun Towing, Morgan City, La. The 150 x 40 x 19.5 ft. hulls finally made their way to Gulf Coast Industries (GCI), a yard owned by Garrel Chiasson and Randy Joubert II, in Amelia, La., where they were to be completed. Now finished, the vessels' respective journeys have come full circle, as they have returned to Washington state and have been placed on long term charter from Sun Towing by Foss Maritime. Captain Sam Smith saw the potential of the hulls and purchased them three years ago, and then sold them to his son, Captain Mike Smith. Captain Mike decided to use local companies as much as possible to complete the vessels, and contracted with Gulf Coast Industries to complete the steel work of the hulls, install all of the equipment, complete the piping systems, and install the SOLAS approved joiner work package.


Daewoo Shipbuilding for Sale?

South Korea intends to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 billion, in the second half of 2006, according to a Reuters report. State-run Korea Development Bank (KDB) and government restructuring agency KAMCO own a combined 50.6 percent stake in the world's second-biggest shipbuilder. KDB, which is managing the sale on behalf of other creditors, has recently named JP Morgan as a lead manager for the deal.


Marine Joiner Contractors

Mark A. Robicheaux, Inc., Marine Joiner Contractors, located in Morgan City, La., provides custom marine joiner services. Two companies have been added to the service family to provide more complete and controlled joiner packages. Robicheaux Manufacturing offers custom/modular yacht and plastic laminate marine furniture and millwork, and Robicheaux Insulation Systems provides insulation installations for the marine, industrial and offshore industries.


Conrad Adds to Management Team

Conrad Industries, Inc. announced today the appointment of Terry T. Frickey as Vice President and Chief Operating Officer, effective immediately. Terry will report to the Chief Executive Officer and have overall responsibility for the operations of the Company’s four shipyards. “We are excited to have Terry join our executive team,” said Johnny Conrad, Conrad’s President and Chief Executive Officer. “Terry has been involved in the shipyard business since


Soles Joins Glosten Associates

Peter Soles

Peter Soles has joined The Glosten Associates as a Marine Consultant and will be supporting the firm’s ocean engineering and marine logistics projects.  “Peter brings a broad knowledge of marine transportation policy, oceangoing vessel management and operation, voyage and cargo logistics, navigation, and tug/towing operations,” said Justin Morgan, PE, Glosten Principal. Prior to joining Glosten


HII, Kinder Morgan Not to Pursue Avondale Joint Venture

Huntington Ingalls Industries and Kinder Morgan Inc. decide not to pursue joint venture on Avondale redevelopment   Huntington Ingalls Industries (HII) announced it has completed discussions with Kinder Morgan Inc. (KMI) to explore the redevelopment of HII's Avondale shipyard in Louisiana. Since April 2014, HII and Kinder Morgan have evaluated best-use opportunities for the facility, and have mutually decided not to move forward with a joint venture.  


Omega Morgan Names McCalla CEO/President

John McCalla CEO / President

Omega Morgan, one of the West Coast’s leading heavy equipment transport companies, has named John McCalla CEO/President. McCalla comes to Omega Morgan from Warn Industries, also located in Portland.   McCalla began his career as a project engineer at General Motors and then joined Warn Industries.  He advanced through several positions at Warn and assumed the top executive leadership position in 2007


MARMAC 302 Launched

MARMAC 302 #3 rev1.jpg

McDonough Marine Service announced the launching of the MARMAC 302, the first of two new 300’ x 100’ x 20' ABS Class ocean going barges commissioned by the barge and marine transportation company.    The barges were designed by Dan Jones & Associates with an ABS Load line maximum cargo capacity of 13,200 short tons at 15.7’ draft. The uniform deck strength of 4,500 lbs/sq. ft., combined with a increased side shell strength


Kinder Morgan, BP form Fuel Storage JV

Kinder Morgan to buy 15 terminals in $350 mln deal. BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal, as it sheds assets to pay for liabilities arising from its 2010 Gulf of Mexico oil spill.


J.P. Morgan Raises Distressed Shipping Fund

Photo: JP Morgan

 J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies, reports Financial News London.   The Global Maritime Investment Fund II, which surpassed its $400 million targeted capital raise, is one of the largest dedicated shipping funds.    It seeks to invest, through a closed end structure


Rapp Marine Deck Equipment Rounds out New Harley Barges

Photo: Rapp Marine

Rapp’s workboat market offerings span the full range of operator requirements. Their latest contract provides a turnkey package.   Long known for delivering innovative and custom deck machinery solutions to a wide range of marine stakeholders


Seawork Panel to Address Brexit Implications

John Haynes

Seawork 2017 is being held at the waterside location Mayflower Park in Southampton, U.K. from June 13-15, 2017. Seawork will be celebrating its 20th anniversary with a packed schedule including the Seawork Conference which will once again be offering thought-provoking sessions covering a wide


Cindy's Remnants Drench Gulf Coast, Wreaking Havok

The remnants of Tropical Storm Cindy brought tornadoes and flooding to the U.S. Gulf Coast on Thursday and its heavy rains will drench much of the eastern United States in coming days, forecasters said.   Flooding and road closures stretched from east Texas into northwestern Florida after


Conrad Shipyard Founder Parker Conrad Passed Away

John Parker Conrad, Sr. (Photo courtesy of Conrad Shipyard)

John Parker Conrad, Sr., founder of Conrad Shipyard, died peacefully on July 6 surrounded by family and friends at his home in Morgan City, La. He was 101 years old.   A shipbuilding pioneer and a legend along the Gulf of Mexico coast and beyond, Parker founded Conrad Industries in 1948


Energy, Finance & the GoM

© Scott Bufkin / Adobe Stock

Some positive market indicators could presage an investment revival in the U.S. Gulf of Mexico – and beyond.   The good news, reported by Bloomberg, is that in the third quarter of 2016, the largest oil companies increased cash from operations by nearly $26 billion


Ciklin elected Chairman of Palm Beach Port

Blair J. Ciklin Photo Port of Palm Beach

On Tuesday, January 3, 2017, the Port of Palm Beach Board of Commissioners elected its new Chairman, Blair J. Ciklin, the longest serving Port Commissioner in the United States having completed his 38th year as a Port of Palm Beach District Commissioner in 2016.


Philly Shipyard Lays Keel for Fourth APT Tanker

Steinar Nerbovik, President and CEO Photo Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the fourth product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. 


Harley Marine Names Two ATBs

Harley Marine Services has named two articulated tug and barge (ATB) units currently under construction at Gunderson Marine (barges) and Conrad Shipyard (tugs), respectively. The vessels include two 116 foot tugs and two 80,000 barrel barges.  


Saudi Aramco Selects Lead Underwriters for $100 Bln IPO

Oil giant Saudi Aramco has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.  


Nordic American Offshore Announces Public Offering

Photo:  Nordic American Offshore

 Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement.     Morgan Stanley & Co. LLC, DNB Markets, Inc


Public Offering Fetches $47.7mln for Nordic American

Photo: Nordic American Offshore

 Nordic American Offshore (NAO) has closed the follow-on offering of 40,000,000 common shares at a public offering price of $1.25 per share resulting in aggregate net proceeds of approximately $47.7 million.    The proceeds could be slightly in excess of $50 million


Baltic Index Streaks to Highest Level since 2014

© corlaffra / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Tuesday with a fresh more-than-two-year high, driven by strong demand for large iron ore vessels. The overall index, which factors in rates for capesize


China's CMG in Talks for Advent's Brazil Port Stake

China Merchants Group Ltd is in advanced talks to buy Advent International Corp's 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, O Estado de S. Paulo newspaper said on Thursday.


Maritime Professionals Ask the Hard Questions

MOB and RS & WBV Workshop Presenters Collage v1.jpg

More than 80 maritime professionals attended two unique one day events focused on the sub IMO / sub 24 meter sector in Southampton this April.    The fast moving and dynamic one day workshops brought together an international group of experts armed with the latest knowledge to identify


Canada to Ban Tankers off North British Columbia

© Max Lindenthaler / Adobe Stock

Canada's Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the British Columbia province, the country's transport department said on Friday, delivering on an election promise.  






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright