Bollinger Gretna, L.L.C., Harvey, La., and K-Sea Transportation Corp. of New York have signed a contract for the construction of four double hull, ocean service, OPA '90 oil barges. The barges will have capacities of 80,000 to 100,000 barrels - terms were not disclosed. The barges will be built primarily for oil service on the Northeast U. S. coast. They will be coupled with existing K-Sea tugs using a connection system designed and delivered by Acomarin Engineering. The system will provide increased operating efficiency and will enhance the safety and reliability of the units. The new barges will feature double block cargo segregation, segregated ballast, cargo monitoring and vapor recovery systems as well as advanced electrical and hydraulic systems. Formerly known as Gretna Machine & Iron Works, a multi-use construction and repair/conversion shipyard, its previous owner had dedicated the 66 year-old facility exclusively to repair and conversion work in October 1997. Modules for all four barges will be fabricated at Bollinger Marine Fabricators Amelia, La and shipped to Bollinger-Gretna where they will be joined to other components produced at Bollinger-Gretna, where final assembly and installation of piping and other systems will be completed. Delivery of the first barge is planned for summer of 2002, with delivery of the remaining three barges scheduled at regular intervals.
Depressed dry bulk market conditions have put severe financial pressure on owners in recent times, triggering a slump in bulkcarrier contracting, observes Clarksons Research. This has helped drive a significant contraction in the bulkcarrier orderbook, which hit a nine year low at the start of September. On the back of the newly slim orderbook, bulkcarrier fleet expansion is expected to ease in the coming years…
By David Tinsley, technical editor An advance in hydrodynamic design has been endorsed by Norwegian energy group Statoil, as the prospective charterer of an innovative newbuild intended for coastwise distribution of oil products. The 4,200-dwt vessel contracted by Bergen Tankers will employ a diesel mechanical propulsion layout based on twin azimuth thrusters incorporating 'pulling' propellers. The project represents the first application of the Norwegian-developed Azipull system in the
ABS Nautical Systems, provider of integrated fleet management software for the maritime industry, announced it has experienced record growth in the second half of 2009. During that period, which began with the launch of the Newbuild Program, ABS Nautical Systems has expanded their business by signing 30 new contracts in just 26 weeks. ABS Nautical Systems expects to continue its momentum and forecasts even stronger growth in 2010.
Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014. This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel
Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion.
Predicting business trends in the notoriously fickle marine business is difficult if not impossible. Yet when developments transpire as they have in the fast craft niche of the ferry business, it is difficult to not read the writing on the wall. The business of designing, building, outfitting and operating fast ferries in the United States is set to take off, as increasing pressures from traffic and environmental concerns force more people to the waterways.
Silversea Cruises has signed a Memorandum of Understanding for one 36,000-GRT, 540-guest, ultra-luxury vessel from Italian shipbuilder Fincantieri with delivery scheduled for the fourth quarter of 2009. The line has also signed an option for a sister ship with Fincantieri, Shipping Times has reported The agreement with Fincantieri is conditional to final contract and financing. However, an irrevocable banking commitment, fully underwritten
By David Tinsley, Technical Editor Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force
Transocean Ltd. (NYSE:RIG) announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has commenced operations in India under a five-year drilling contract with Reliance Industries Limited. The company currently expects that Reliance will sublet the rig for the first four years of the contract to Oil and Natural Gas Corporation Limited, and that Reliance will operate the rig for the fifth year of the contract.
Navios Selects DuPont as Preferred Scrubber Supplier Navios ShipManagement Inc., a member of Navios Group, has issued a letter of intent endorsing DuPont Clean Technologies as the preferred supplier of exhaust gas cleaning systems (EGCS) for its vessels
Wärtsilä said it has been contracted to supply a comprehensive package of engines and propulsion machinery for a new cutter suction dredger (CSD) vessel slated to become the world's most powerful and first ever to be fuelled by liquefied natural gas (LNG).
The newbuilding orders for China’s shipbuilding yards plunged by 25.4% during the first three months of 2017 compared to the same period a year earlier, according to data provided by the China Association of the National Shipbuilding Industry (Cansi).
The shipping industry has long provided investors with opportunities for asset play, reflecting the volatility in prices and relative shifts in the value of certain classes or ages of ships, says a report by Clarksons Research. Recent months have been no exception
DNV GL and Norddeutsche Reederei H. Schuldt signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The first vessel to undergo sampling and testing is the 3700 TEU container vessel Northern
Canadian shipyard Davie said it has secured a contract for the upgrade and refit of Canada’s heaviest icebreaker, 50-year-old CCGS Louis St Laurent. The $14 million program, part of the Canadian Coast Guard’s multi-year maintenance plan
The construction of up to 20 new ferries for New York City is arguably the most exciting maritime new construction project in the U.S. this year. Last month we visited with Cameron Clark, Corporate Vice President, Development and Special Projects, Hornblower
Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs. As of February 9, 2017, the company's contract backlog was $11.3 billion.
Norwegian Cruise Line Holdings Ltd. said it has reached an agreement with Fincantieri S.p.A. to construct the next generation of ships for its Norwegian Cruise Line brand, ordering four 140,000 gross ton ships for delivery in 2022, 2023, 2024 and 2025
ACO Marine has delivered three of its smallest Clarimar wastewater treatment units to Ukraine-based Nibulon Shipbuilding and Repair Yard for installation aboard a series of high specification project tugs. Nibulon, Ukraine’s leading exporter of agricultural products
The Japanese orderbook has shown its endurance in the current muted shipbuilding market and recently surpassed its South Korean counterpart in size for the first time since 1999, says a report by Clarksons Research. While the orderbook is shrinking for all of the ‘big 3’
ALMACO said it has been contracted to build the catering areas onboard the first newbuild ship for Saga Cruises at Meyer Werft shipyard in Germany. The vessel is expected to be delivered in summer of 2019, with the option to order a second with expected delivery in 2021.
Svitzer has signed a contract with Sanmar to purchase a newbuild 80 tbp ASD escort tug for Southampton, U.K., strengthening its fleet to meet current and future customer requirements and reemphasizing its commitment to the port of Southampton.
International compressor supplier TMC Compressors (TMC) has been awarded a contract to supply complete marine compressed air systems for two very large crude carriers (VLCC) currently being built by Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea.
International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU).