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Wednesday, May 23, 2018

Chris Beckett News

Pacific Drilling Gets Funding for Two Drillships

Pacific Drilling S.A. sign a $1 billion senior secured credit facility agreement to finance construction of the Pacific Sharav & Pacific Meltem. The term loan made pursuant to the credit facility will have a maturity of 5 years from the delivery date of the Pacific Meltem. A portion of the funding will be provided before delivery of the vessels, with all drawdowns from the facility subject to satisfaction of customary conditions precedent. The transaction was led and structured by Citibank and DNB, and supported by the Norwegian export credit agencies Garanti-Instituttet for Eksportkreditt (GIEK) and Eksportkreditt Norge AS. Also acting as Mandated Lead Arrangers were ABN AMRO, ING, SEB and Standard Chartered Bank.

Millman Steps Down From Grand Bahama Shipyard

Freeport’s Grand Bahama Shipyard (GBS) has announced that current President & CEO, Chris Millman has decided to step down from his position and is to leave the Company. Chris has been with the Shipyard for over four years and in that short time he has overseen its growth from a construction site into one of the region’s foremost ship repair centres. Citing personal reasons for his decision, Chris said that he was leaving GBS to return to the UK with his family, although not before taking a well-earned break. He stated “It has been a roller coaster ride over the last few years. I shall always look back at this period with immense pride in what we have achieved and with great appreciation for those who helped to achieve it”.

Virtual D-Day Created Seventy Years On

Virtual D-Day displays: Photo credit Dassault Systèmes

Advanced 3D design and simulation software was used to recreate the technological and engineering innovations of WWII as a part of the seventieth anniversary of D-Day and the Invasion of Normandy, apprise project leaders, France’s Dassault Systèmes. Virtually reconstructing the Mulberry Harbor, the LCVP landing craft and the Waco glider brings to life one of the most exciting episodes of 20th-century history for the broadest possible audience. The Landing Craft, Vehicle & Personnel…

New Towboat Delivered to Marquette Transportation

Photo: C&C Marine and Repair

Louisiana shipyard C&C Marine and Repair has delivered the second towboat in a series of three 6,600 hp, 160’ x 50’ triple-screw z-drive newbuilds for Marquette Transportation Company.The delivery of the new towboat m/v Chris Reeves comes three months after the series' lead vessel m/v Cindy L. Erickson was handed over in February 2018.The third in the series is scheduled for delivery this August, with a fourth optional towboat lined up for delivery in December.Chris Reeves was designed by CT Marine…

Willman to Lead National Sales Force

Chris Willman to Lead Sea Star Line’s National Sales Force. Sea Star Line, LLC has announced the promotion of Chris Willman to Director of National Field Sales. Chris joined Sea Star Line in March 2005 as an inside sales representative. Since then, Chris has held several key sales positions with his most recent role being sales manager for NVOCC & FAK accounts. “Chris’ sales experience in the Puerto Rico market, combined with his expertise in sales development and sales processes, make him the right choice to lead this group. We will continue to ensure that the direction and organization of the national sales group is aligned with the company’s broader objectives.” said Bill Taylor, vice president of sales.

Appledore Shipyard Gets Order for Third Irish Navy Ship

OPV Photo courtesy of Irish Naval Service

The future looks bright for Appledore, the UK Westcountry shipbuilder, as owning company Babcock says the yard has won a multi-million pound contract for a third Irish navy vessel, reports the North Devon Journal. Enda Kenny, Irish Minister of Defence announced that an order had been placed with the shipbuilder for a third offshore patrol vessel (OPV) for the Irish Naval Service at a cost of £43 million (€54,000,000). The new ship will be identical to the recently commissioned LÉ Samuel Beckett and the currently under-construction LÉ James Joyce.

VesselVanguard wins Chris-Craft Order

CHRIS-CRAFT SELECTS VESSELVANGUARD TO OFFER OWNERS WORLDWIDE THE LATEST VESSEL MAINTENANCE TECHNOLOGY

Digital Boat Profile and Customer Service Portal Gives Cutting Edge Options for Vessel Management to Boat Owners Palm Beach Gardens, Fla. VesselVanguard, infomred today a new relationship with Chris-Craft to provide a two-year subscription for its award-winning maintenance management solution to every new owner of a Chris-Craft model over 32 feet. With over a 140-year heritage of building distinctive powerboats, Chris-Craft has long been synonymous with the highest standards. Each Chris-Craft is an example of a timeless style blended with seaworthy functionality.

Mariners' Museum with Expo on Chris-Craft

The Mariners' Museum, in Newport News, Va., will present Chris-Craft: The Affordable Dream through December 31, 1999; an exhibit that traces the American love affair with the company's mahogany boats, while giving visitors a taste of life in the 1920s and 1930s. Woven through the exhibition are themes of these decades: the growth of the American middle class; the rise of technological innovation; the lure of high society and the disabling depression of the 1930s. Four Chris-Crafts, including Miss Belle Isle, one of the oldest known Chris-Crafts, are displayed in the exhibition among artifacts of their era. In 1925, Chris Smith revolutionized boatbuilding by borrowing new mass-production methods from the automobile industry and introducing a production line into his Algonac, Mich. plant.

Mariners' Museum with Expo on Chris-Craft

The Mariners' Museum, in Newport News, Va., will present Chris-Craft: The Affordable Dream through December 31, 1999; an exhibit that traces the American love affair with the company's mahogany boats, while giving visitors a taste of life in the 1920s and 1930s. Woven through the exhibition are themes of these decades: the growth of the American middle class; the rise of technological innovation; the lure of high society and the disabling depression of the 1930s. Four Chris-Crafts, including Miss Belle Isle, one of the oldest known Chris-Crafts, are displayed in the exhibition among artifacts of their era. In 1925, Chris Smith revolutionized boatbuilding by borrowing new mass-production methods from the automobile industry and introducing a production line into his Algonac, Mich. plant.

Lloyd’s Register Announces Board Appointments

Chris Finlayson

Lloyd’s Register has announced the appointment of Chris Finlayson, Chief Executive of BG Group plc, and Ellis Armstrong, ex-CFO of E&P at BP plc, as Non-executive Directors on the board of Lloyd’s Register Group Ltd. Lloyd’s Register Group Ltd (LR) is the wholly-owned operating group of Lloyd’s Register Foundation, a U.K. charity dedicated to supporting the advancement of engineering-related education, and funding research and development that enhances safety of life at sea, on land and in the air.

Bibby Appoints New Chief Operating Officer

Chris Stone

Bibby Ship Management Group Ltd. appointed Chris Stone as its new Chief Operating Officer. He joined the business on July 1, 2013. Chris will replace Simon Barham who was scheduled to move on from Bibby Ship Management at the end of June. However, Simon has kindly agreed to work a further month to have a managed handover with Chris and will therefore leave at the end of July 2013. Chris has over 30 years’ world-wide experience in the maritime and logistics sector having worked in in Africa, the Middle East, India and most recently in Asia Pacific and Australasia.

MLL's Fertig takes on Bermuda Challenge

Chris Fertig of Maersk Line, Limited (MLL) is competing for the Bermuda Challenge World Record leaving on his boat, the TDI CLEAN DIESEL from Liberty Harbor Marina in New York at 9:30 a.m. on September 21, 2011. MLL's sponsorship support of the M/V TDI Clean Diesel, captained by MLL's own Fertig -- General Manager of MLL's Maritime Technical Services (MTS) business unit -- will be competing for the Bermuda Challenge World Record. Created by Boating Magazine in 1994, the Bermuda…

RN Diving Expert Chris Baldwin Joins IMCA

Chris Baldwin: Photo IMCA

The International Marine Contractors Association (IMCA) Secretariat says that Chris Baldwin has joined its team as a Technical Adviser following a short secondment from the Royal Navy. The association has a strong team of eight Technical Advisers working with Jane Bugler, IMCA’s Technical Director. Chris has spent 29 years in the Royal Navy and most recently held a position in the UK MoD’s Defence Safety and Environment Authority, as the Diving Regulator and Superintendent of Diving.

Kohler Diesel Powered Pressure Washer

From Water Cannon Packs a Punch for Commercial & Industrial Applications. Portable, diesel fueled and designed to destroy dirt and surface contaminants under even the toughest conditions, Water Cannon’s hot water Kohler engine powered pressure washer is one solid piece of machinery. With 4.0 GPM at 3200 PSI, this powerful diesel washer can be customized with a General Pump brand pump or upgraded to a Cat Pumps driven model. No matter which model is selected, the possessor of this power washer will enjoy extensive warranty coverage…

Braemar Adjusting agrees Strategic Partnership in S. America

Logo

Braemar Adjusting has agreed a strategic partnership with Beckett Liquidadores de Seguros S.A of Chile, to act as its local resource partner in a number of countries in South America. Braemar Adjusting provides Loss Adjusting, Risk Assessment, Legal/Expert Witness and Dispute Resolution services to the Energy, Marine, Mining and Construction insurance industries, through its strategically-located global network of offices. As a result of the arrangement, Beckett Liquidadores de Seguros S.A.

Five-year Contract for Pacific Drilling Vessel

Pacific Drilling S.A. Pacific Sharav is scheduled for delivery by Samsung Heavy Industries in Korea in the fourth quarter of 2013, upon completion of construction and client requested modifications. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep. The Chevron will require the drillship to operate in the Gulf of Mexico. Estimated maximum contract revenue, including mobilization and client requested modifications, is expected to be approximately $1,076 million, bringing Pacific Drilling’s total contract backlog as of June 22, 2012, to approximately $3.2 billion. Pacific Drilling CEO Chris Beckett stated, â€śWe are proud to announce the expansion of our relationship with Chevron to include a third drillship.

New Prospects Identified Offshore Ireland

Results of maturity modelling suggest that the Upper Jurassic source horizon in the Porcupine Basin has generated large quantities of mobile hydrocarbons, and it is still generating today. Source PADTernan

Europa Oil & Gas (Holdings) plc updates shareholders with respect to its FEL 2/13 and FEL 3/13 licenses in the South Porcupine Basin, offshore Ireland. Europa has now received a new prospect inventory from the operator of the licenses, Kosmos Energy Ltd. The inventory is based on state of the art 3D seismic acquired in 2013 and includes the identification of a number of new, large prospects and leads on both licenses. As a result, material changes have been made to the prospectivity previously mapped on the licenses using historic 2D seismic data.

IMCA Appoints New Chief Executive

Chris Charman, Chief Executive, IMCA.

Chris Charman has been appointed as Chief Executive of IMCA (International Marine Contractors Association) taking over from Hugh Williams who is retiring. He will take up the position on 3 December 2012. IMCA is the international trade association for offshore, marine and underwater engineering companies with about 850 members in over 60 countries all around the world. It focuses on offshore construction and marine operations mainly in support of offshore oil & gas, but also marine renewable energy, dredging and telecommunications cable laying.

Navico Expands Americas Sales Group

Chris Meyer

Navico — recreational marine electronics company and parent to the Lowrance, Simrad and B&G brands — announced the addition of long-time pro-staffer Chris Meyer to its Volume Boat Builder and OEM sales team. In his new role as Key Account Manager, Chris is responsible for managing OEM sales as well as growing current and prospective boat builder accounts for the Lowrance, Simrad and B&G brands. A long-time member of the Lowrance Pro-Staff team and Product Validation group, Chris has extensive experience supporting dealers…

Pacific Drilling Charters Out 'Pacific Khamsin'

Pacific Drilling's ultra-deepwater drillship the 'Pacific Khamsin' contracted by a subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract commencement expected by end of the third quarter of 2013. The contract provides for an option, to be exercised at the client’s discretion prior to shipyard delivery of the drillship, which could result in an additional year of contract term. Estimated maximum contract revenues related to the initial two-year term, including mobilization and demobilization, are expected to be approximately $527 million, bringing Pacific Drilling’s total contract backlog as of November 15, 2012, to approximately US$3.4-billion.

Trailer Bridge Appoints Chris J. Dombalis CEO

Trailer Bridge, Inc. has appointed Chris J. Dombalis as a Board Member and Chief Executive Officer of the Company to succeed Frank Halliwell. Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower US 48 states, Puerto Rico & the Dominican Republic, utilizing an efficient inland network, owned containers and U.S. flag vessels to link the mainland with Puerto Rico via marine facilities in Jacksonville, San Juan and Puerto Plata. Mr. Dombalis brings to Trailer Bridge over 30 years of executive experience in the maritime and logistics industries. Most recently, he served as Executive Vice President of Maher Terminals LLC, one the largest multi-user container terminal operators in the world. During his tenure at Maher, Mr.

SHI to Build Eighth Drillship for Pacific Drilling

Pacific Drilling exercises contract option for Samsung Heavy Industries to construct another Ultra-Deepwater Drillship. The drillship will have a rated water depth of 12,000 feet, be equipped for 40,000 feet drilling depth, have accommodation for 200 personnel and be equipped to support dual gradient drilling. The total cost, excluding capitalized interest, will be approximately $620 million and delivery is scheduled for March 16, 2015. Financing for the construction of this rig is expected to be provided by a combination of cash flows from ongoing operations and long-term debt. “We are extremely pleased to announce the order of our eighth ultra-deepwater drillship,” stated Pacific Drilling CEO Chris Beckett.

Pacific Drilling Revenue Up Again in Q1 2014

Image courtesy of Pacific Drilling

In its First-Quarter 2014 results Pacific Drilling announces revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Net income for first-quarter 2014 was $22.2 million or $0.10 per diluted share. Net income for first-quarter 2013 was $15.1 million or $0.07 per diluted share. CEO Chris Beckett said, “We delivered our fifth consecutive quarter of increasing revenue. Cash flow from operations reached a new high, and EBITDA exceeded $100 million for the first time.

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion Edition

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