South Australia Seeks Shipbuilding Job Guarantees
The South Australian Government has outlined three key points on shipbuilding it wants addressed by the Commonwealth's Defence White Paper next month. It wants (1) a minimum 70 per cent Australian worker participation in the building, similar to the Collins Class submarines, (2) a guarantee the future naval submarines and frigates will be built in Australia and (3) that the local industry will have a continuous building program. SA defence minister Martin Hamilton-Smith said: " The Federal Government must mandate for a minimum of 70 per cent Australian worker participation in the submarine and frigates build." The Abbott Government has put the development of the next Australian submarine program through a competitive evaluation process. South Australia has demanded an overseas submarine building program be ruled out before the federal government releases its Defence white paper. South Australian Premier Jay Weatherill says a three-decade commitment is needed to ensure a strong manufacturing sector and economy. "A strong manufacturing sector in South Australia and indeed the nation requires this nation to commit itself to a strong, local capacity to defend our nation with our own indigenous sovereign defence capability in the manufacturing sector," Weatherill said.
Half-way Mark in BBC Chartering's Newbuild Program
German owner of multipurpose & heavy lift tonnage, BBC Chartering, announce that half of its 22 unit heavy lift new-building program is now operational. Two vessel series form the basis of this heavy lift fleet new-build program. One is the 14,360dwt ‘BBC Amber’ type of which 14 units are built, featuring 2x 400 mt lifting capacity, and the second is the ‘BBC Everest’ type of which eight units are built with 2x 350 mt lifting gear.
Tidewater Plans New-Build Program
Tidewater Inc. is preparing to embark on a modest new-build program, estimated to cost in the range of $300 million. William C. O'Malley, Tidewater's chairman, president and CEO, said the new-build initiative will be "directed to the highest end of the market and would include very large Anchor Handling Towing Supply vessels and large Platform Supply vessels capable of working anywhere in the world." O'Malley added, "These new vessels will be designed to cover operational capabilities the
Moody's May Up Royal Caribbean
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures, and the steady growth in earnings and cash flow as well as its reduced need for debt to fund capital expenditures following its equity issuance. Moody's review will focus on the impact of RCL's extensive ship building program on debt protection measures
i-Tech Announces ROV Build Program
i-Tech Announces ROV build Program Global contractor, i-Tech, part of Subsea 7 announced that it has placed an order for new build deepwater work class vehicles, which will be supplied with advanced, light weight, high performance handling systems. The systems, to be named Centurion Qx, have been specifically designed and built for i-Tech and its target market. The 125hp Centurion Qx will be rated to operate at water depths up to 2,000m as standard with options to upgrade to 3
Epic Gas Secured Credit Facility for 7 Newbuilds
Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction. The facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with Coordinator, Agent and Book running Mandated Lead Arranger ABN AMRO Bank N.V. Credit Agricole Corporate and Investment Bank and NIBC Bank N.V. also joined the facility as Book running Mandated Lead Arrangers.
Bollinger and Rigdon Sign Contract for Series of PSVs
Rigdon Marine’s new GPA654 Class PSV to be built at Bollinger Shipyards Bollinger Shipyards has announced the signing of a multi-vessel contract with Rigdon Marine Corporation. Bollinger will build ten platform supply vessels (PSV) for Rigdon Marine, based on a new GPA 654 Class, designed by Guido Perla & Associates. The design incorporates increased carrying capacity and greater operating efficiency, compared to similar sized vessels
OMM Launches New Business
Offshore Marine Management (OMM) has launched a new survey and subsea business this week, which will focus on surveying, cable and structural subsea inspection and subsea engineering. Recently appointed Director of Survey and Subsea, Arron Burrows said this new business offers clients an all-inclusive “one stop shop” for cable solutions - with survey, inspection and final deliverables - and will mean an overall better service.
Offshore Rig Accommodation: Floatel Share Offering
Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification, modern accommodation vessels to the offshore oil and gas industry. The proceeds from the Private Placement will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Shipyard
GasLog LNG Services Selects E-learning Solution
LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece. GasLog LNG Services Ltd. currently operates a fleet of 23 LNG tankers with an extensive new building program underway. “At GasLog we pride ourselves on our outstanding record of safety
Italian Submarine Romeo Romei Delivered
The submarine Romeo Romei was delivered at Fincantieri’s shipyard of Muggiano, La Spezia. It is the last of the four U212A Todaro class twin units ordered from Fincantieri by the Naval Armament Unit – NAVARM for the Italian Navy. Romeo Romei, as its twin unit Pietro Venuti delivered last July at the Muggiano shipyard, features highly innovative technological solutions. It is entirely built with amagnetic material
DFDS Orders Two Large RoRos from China
Northern European shipping and logistics company DFDS said it has ordered another pair of large ro-ro ships from the Jinling Shipyard, doubling its order placed last year at the Chinese yard. DFDS signed a contract with Jinling in 2016 for the construction of two ro-ro vessels, each with 6,700 lane meter load capacity and space for 450 trailers. Now the company has ordered another two of these ships – its largest ever – to service freight customers across the North Sea
Costamare Adds Three Vessels
Costamare accepted delivery of three second hand vessels during the last quarter ended June 30, 2017, said Gregory Zikos, Chief Financial Officer of Costamare. In a press statement he said that the vessels have been chartered for periods ranging from 5 to 7 years. "During the quarter we entered into debt financing agreements for two of them and we are into discussions regarding the debt finance of the third ship
Empowering Maritime Women in East and Southern Africa
Promoting women's access to quality employment and senior management level within the maritime sector is a key priority for International Maritime Organization (IMO)'s gender and capacity-building program and was at the core of the 8th regional conference to support the Association of Women Managers in the Maritime Sector in East and Southern Africa (WOMESA), held in Mahé, Seychelles (September 26 to 29).
US Workboat Market: Domestic Drivers
Sectors of the U.S. market are hot, but for how long? Five key variables drive the domestic brown water market. The challenging operating climate currently facing blue water, international trades can and sometimes does overshadow what happens on the American side of the big pond. But, as they often say in London, “When America sneezes; the rest of the world catches a cold.” Hence, what happens in the U.S
Vigor Delivers ATB Tug to Harley Marine
Vigor’s Seattle shipyard recently delivered a 95’ x 38’ x 16’, 3,000 hp ATB Twin Screw Tug, Dale R Lindsey, to Harley Marine Services Inc. Designed by Elliot Bay Design Group for primary operation in Alaska, the ATB tug utilizes an Articouple FRM-43M coupler system to pair with the 20,000 barrel oil barge, Petro Mariner. It features a raised aluminum pilothouse for optimal visibility built by Kvichak.
Submarine Indiana Pressure Hull Complete
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has reached a milestone in the construction of the submarine Indiana (SSN 789). The 16th Virginia-class submarine has reached “pressure hull complete,” signifying that all of its hull sections are joined to form a single, watertight unit. Ship’s Sponsor Diane Donald, wife of Adm. Kirk Donald (U.S. Navy, Ret
TEN Delivers Aframax Tanker
Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100 million. This is the second vessel in a series of nine purposely built Aframax tankers on long term time charters at accretive rates.
MV Werften Begins Building Crystal’s New Cruise Ships
The first two of four Rhine class river cruise ships are simultaneously under construction at MV WERFTEN in Wismar. Delivery of the 7-star vessels Crystal Bach and Crystal Mahler to Crystal River Cruises will be in 2017. Shipbuilder MV WERFTEN held a keel-laying ceremony for two Rhine class river cruise ships in Wismar today. The Crystal Bach (yard number 120) and Crystal Mahler (yard number 123) are the first two of four new luxury river cruise vessels to be built in the completely
MN100: Sherwin-Williams Protective & Marine Coatings
The Company: Sherwin-Williams Protective & Marine Coatings is a global provider of protective and marine coatings, offering a complete line of time-tested, high-performance coatings technologies to combat corrosion, protect assets, enhance personnel safety, and improve aesthetics. From more than 4,000 company-owned distribution points worldwide, Sherwin-Williams experts use market-specific knowledge to evaluate, recommend
Construction Begins on UK’s Next Submarines
BAE Systems welcomed the Right Honorable Sir Michael Fallon MP, Secretary of State for Defense to Barrow-in-Furness shipyard to press a button, commencing the first metal-cut for the Successor program. The secretary of State's visit follows a recent U.K. Government commitment of £1.3 billion funding for the Successor Submarine program on October 1. This program will deliver four new submarines for the Royal Navy and will replace the current Vanguard class
Rolls-Royce Wins Deal to Power USN TAO
Rolls-Royce won a contract to supply diesel generators, propellers and shaft lines for the US Navy’s new fleet replenishment oiler ships, the John Lewis Class. Planned to total 17 ships, the new John Lewis class (previously known as TAO – X) will increase the US Navy’s capability to transfer fuel to its surface ships, in operations around the globe. For each ship, Rolls-Royce will supply two Kamewa 150A Controllable Pitch Propellers (CPP)
Genting Confirms Five-year Shipbuilding Plans
Genting Cruises has confirmed its build program for the MV WERFTEN shipyard group following the launch of the first Asian luxury cruise ship, Genting Dream, in Singapore, Hong Kong and Guangzhou, China. Executive Chairman, Tan Sri Lim Kok Thay, stated during the three events that Genting is committed to the long-term development of the cruise industry in Asia. With the rapid growth of the cruise industry in Asia but only a limited number of yards capable of building large cruise ships
Fourth Submarine in UK’s Astute Class Named
The fourth submarine in the Astute class was officially named Audacious during a December 16 ceremony at builder BAE Systems’ Submarines site in Barrow-in-Furness, Cumbria. Guests watched as Lady Jones, Audacious' sponsor and wife of Admiral Sir Phillip Jones, the First Sea Lord and Chief of Naval Staff, named the 7,400-metric-ton, 97-meter-long attack submarine, and then smashed a bottle of beer against her hull.
Eastern Delivers Two Towboats to Florida Marine Transporters
Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016; the 64th and the 65th 90’ Inland Towboat to Florida Marine Transporters, LLC of Mandeville, LA., continuing FMT’s ongoing new build program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to sixty-five (65) vessels contracted over the last 10 years