Kirby’s Secret Sauce
Another year; another major fleet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work.“Kirby is definitely the big gorilla in the inland barge market,” affirmed Jefferies analyst Randy Giveans. Indeed, Houston-headquartered Kirby Corp has been extremely active buying fleets over the past few years, most recently acquiring the 63 tank barges of Cenac Marine in March for $244 million.
Joey Farrell: Born to Marine Salvage
Boys are coaxed into cleanliness at bath time playing with boats. But it was never a game for Joseph Farrell, III, instinctively realizing he was ballasting and salvaging ships, unlike the typical Mr. Bubbles kid. The scion of Resolve Marine Group may have been born to lead the global emergency response company founded by his father with a single tug 38 years ago, but he’s never taken dangerous wreck removal lightly.Before turning 15, Joey had two close calls on and around ships that guide him today, at 34.
US Hits EU, Canada and Mexico with Steel, Aluminum Tariffs
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential tariff exemptions and suggested a hardening of the Trump administration's approach to trade negotiations.It also sent a chill through financial markets…
GoM Stakeholders Energized Despite Lingering Oil Bust
Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.
Wiswall Receives International Maritime Prize
Maritime lawyer Dr. Frank Lawrence Wiswall Junior, former Chair of the International Maritime Organization (IMO) Legal Committee and Vice President (Honoris Causa) of the Comité Maritime International (CMI), has received the International Maritime Prize for 2015 for his contribution to the work of IMO over many years. Presenting the Prize, during a ceremony at IMO Headquarters on Monday, December 5, IMO Secretary-General Kitack Lim highlighted Dr. Wiswall's dedication and leadership in the field of international maritime law over several decades…
Maritime Security Demand Keeps US Builders Busy
Export hulls – through the FMS Program, as well as Direct Sales – are a key piece of the business model. Even as the crash in energy prices feeds the oversupply of offshore support vessels – a key staple of U.S. boatbuilding diets – and the dwindling backlogs of some so-called ‘second tier’ yards, a number of U.S. boat builders are still seeing robust demand for security vessels. Separately, tightening federal, state, municipal and overseas budgets are being trumped by the increased need for security craft that can perform more than one function.
Offshore O&G: Weathering the Storm
Vessels are stacked as Gulf oil operators retrench and day rates fall. In the Gulf of Mexico, vessels serving offshore oil-and-gas exploration and production are being stacked or idled as the rig count there declines. Oil companies are retrenching while crude prices remain weak, with smaller operators and the shallow-water sector scaling back the most. As the situation unfolds, MarineNews asked David Barousse, general manager at Fleet Operators, Inc., a marine transportation firm in Morgan City, La., for his take on today’s predicament and what the future holds.
GWMC Appoints Strand and New Board Members
Goltens Worldwide Management Corp. (GWMC) has announced the appointment of Roy Strand as Chief Operating Officer. Strand has previously served as the Vice President of Operations in the Americas and Europe, and will continue to serve as the Advisory Board Chairman within the Goltens Worldwide group of companies. Prior to joining Goltens, Strand held various managerial and global executive positions in the professional services field, including at KPMG Consulting, Netegrity and Computer Associates.
Neumann Named CEO and President of Starboard
Beth G. Neumann has joined Starboard Cruise Services as CEO and President, reporting to Starboard Chairman, Ed Brennan. Owned by renowned world leader in luxury, LVMH Moët Hennessy Louis Vuitton, Starboard is the largest and leading onboard retailer in the cruise industry. In her leadership role, Neumann will oversee Starboard’s worldwide operations, which includes 1,800 employees, working both on land and on board the ships of the company’s eight partner cruise lines. Starboard’s sister company, Onboard Media, will also report to Neumann as part of her responsibilities.
STEM Conference Recognizes 18 from Northrop Grumman
Eighteen Northrop Grumman Corporation employees received awards for their achievements at the 2013 Women of Color STEM (science, technology, engineering and mathematics) Conference in Dallas this weekend. The conference recognizes outstanding women in the STEM fields and provides opportunities for professional development, networking and recruiting. Camille D'Annunzio, manager of the Automated Sensor Exploitation Technology Center in Northrop Grumman's Electronic Systems sector was named the Technologist of the Year. Among her many achievements, she has received a U.S.
General Dynamics Appoints Kirchmaier AIS President
General Dynamics announced that Thomas W. Kirchmaier has been elected a vice president of the corporation and appointed as president of General Dynamics Advanced Information Systems, reporting to David K. Heebner, executive vice president of the company's Information Systems and Technology group. Kirchmaier succeeds Lewis F. Von Thaer, who resigned in April. The appointment is effective immediately. Kirchmaier, has been the senior vice president and general manager of the Intelligence Solutions division of General Dynamics Information Technology since 2007, leading a worldwide organization with more than 4,600 professionals which provides high-technology solutions for the U.S. intelligence community, selected DoD commands and agencies, their coalition partners and NATO.
Push Is On To Declutter Gulf of Idle Iron
Nearly two years ago, the Obama Administration tightened rules for removing “idle iron” – old oil platforms and pipelines – and on plugging unused wells in the Gulf of Mexico. That September 2010 move was part of a federal crackdown on deepwater oil and gas operations following the 2010 BP spill. Since then, heavy-lift companies have continued to rid the Gulf of unused structures and other firms have positioned themselves for that work. Under the 2010 rules, wells that hadn't been used for five years were to be abandoned or “zonally isolated” within three years after Oct. 15, 2010.
U.S. ONR-funded Researchers Recognized by President
Six researchers funded by the Office of Naval Research (ONR) honored with Presidential Early Career Awards for Scientists and Engineers. “ONR has always had an excellent ability to identify and foster young talent by keeping current with the most innovative research being done in various fields,” said Dr. Michael Kassner , ONR director of research. Honorees funded by ONR include: David M. Blei, Princeton University; Alejandro L. Briseno, University of Massachusetts Amherst; Lee R.
Shipbuilders Rely On Training To Fill Crafts Jobs
With skilled craftsmen in short supply in U.S. coastal areas, many shipbuilders turn to their own, sometimes extensive, internal training. Because fewer young people are entering shipbuilding out of high school, the industry is faced with an aging workforce that will soon have to be replaced. As good jobs for shipfitters and welders go begging, industry leaders say it's way past time to spread the word about these opportunities. Pascagoula, Miss.-based John Lotshaw directs Operations Workforce Training and Development at Huntington-Ingalls Industries (HII).
Industry Looks to RAMP Act to Meet Dredging Needs
Silt accumulation and dredging that's been postponed for years have prevented the full use of U.S. waterways and ports, maritime industry leaders said last month. Hundreds of U.S. ports and harbors are meant to be maintained by the U.S. Army Corps of Engineers to foster navigation. But many of the country's channels are not kept at their authorized depths, and last year the backlog of needed dredging projects swelled. Meanwhile, just over half the fees charged to shippers through the federal Harbor Maintenance Trust Fund are spent on maintenance and operations…
Supplying Brazil's Booming OSV Market
Local equipment suppliers reap dividends, but there’s room for foreign businesses – if they know how to play. After huge oil finds in recent years, Brazil's need for offshore vessels continues to expand and could double between now and the end of the decade. Brazil's state-run oil company Petrobras wants to extract billions of barrels of oil while also developing its shipbuilding and service industries to create jobs. Meanwhile, Brazil is trying to use locally made vessels and equipment, but foreign companies are benefiting from the nation's oil bonanza too.
Demand for Offshore Vessels:
Growing In Deepwater Gulf of Mexico. As the feds issue more drilling permits for the Gulf, demand for offshore support vessels in the GOM deepwater sector has accelerated, industry members say. Anger about the government's spill-related, drilling moratorium--which ended a year and a half ago--has given way to optimism recently. The region's shallow-water sector, nevertheless remains slow and gives little cause for cheer. Paul Candies, president and chief executive of Otto Candies…
Higman Marine Grows:
Innovation and New Building are Key Movers for this Gulf Coast Bulk Transportation Provider. Gordie Keenan, Higman's vice president of training told MarineNews in January, “We have 54 inland towboats, the majority of which are rated at 2,000 horse power, and 116 inland tank barges. Today our vessels are bigger with more horsepower, pushing more barrels, than ten years ago.” The company carries a myriad of crude oils and refined products for its clients on a fleet of barges and inland towboats that has doubled in number over the last ten years.
Build And Repair Work Accelerates
All U.S. Coasts enjoying upswing in business. For many U.S. builders, last year closed on a happier note than 2010 – when the BP spill, offshore drilling ban and weak U.S. and global economies hurt business. In 2011, new orders for vessels for the oil industry and for the U.S. and foreign governments promised to keep a number of builders busy in 2012. A need to comply with new federal regulations created work, and repair activity grew. The upshot is that coastal economies are getting a needed boost. But some companies find themselves with more customers than they can immediately handle.
The Center(s) of Expertise
U.S. Coast Guard's Safety Strategy Incorporates Tightly Focused Training at Carefully Chosen Venues. The U.S. Coast Guard opened seven National Centers of Expertise in 2009, locating three alone on the busy Gulf Coast, The concept of national centers of expertise – or “centers of excellence” – dates back to the 1960s when technology became more advanced and required new skill sets. The U.S. Army, Navy, Air Force and Marine Corps all operate such hubs, as do federal agencies, foreign governments and industries ranging from manufacturing to health care.
Gulf Firms Moving Cargo, Staff To Distant Rigs
More than a decade ago, deepwater oil production in the Gulf of Mexico surpassed shallow water output for the first time ever. These days, rigs are found hundreds of miles offshore. Companies need to get equipment, employees, fuel and mud to those sites economically and usually on a tight schedule. Gulf marine companies are trying to meet those requirements by increasing the speed, size and energy efficiency of their vessels--though not necessarily all at once. Shane Guidry, Chief Executive Officer of Harvey Gulf International Marine…
Horizon Lines AGM Results
Horizon Lines, Inc. (NYSE: HRZ) announced that shareholders at the company's annual meeting today re-elected two Class III directors and ratified the appointment of Horizon Lines' public accounting firm Ernst & Young LLP. During the annual meeting, shareholders re-elected Class III directors Thomas P. Storrs and Bobby J. Griffin. Mr. Storrs has served as a director for the company since June 2007, and Mr. Griffin has served since June 2010. Additionally, shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending December 25, 2011. Shareholders also provided a non-binding…
Hornblower Names Shaw COO
Hornblower Cruises & Events has appointed Bob Shaw, a senior executive with more than three decades of operations experience, to the position of chief operating officer. In his new role, Shaw will be responsible for day-to-day management of all Hornblower companies, including charter yacht and public dining operations and two National Park Service concession contracts. "Bob’s management and passenger vessel industry experience along with his accomplishments as an executive for several multi-million dollar companies give him invaluable perspective.