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Monday, October 22, 2018

Louisiana News

Mississippi River Ship Channel Deepening Project Moves Forward

Containerships docked at the Port of New Orleans which is located along the Lower Mississippi River and supports deepening the channel’s depth to 50 feet. (Photo: Port of New Orleans)

The Mississippi River Ship Channel could be the first port complex on the Gulf Coast to reach a depth of 50 feet now that the Director’s Report has been signed by the U.S. Army Corps of Engineers. Elected officials and industry leaders have long worked to increase the channel’s depth to 50 feet, which is the same depth of the expanded Panama Canal.In signing the Report, Corps of Engineers Director of Civil Works James C. Dalton stated the project is “economically justified and…

West Calcasieu Port Barge Basin Dredge Work Completed

(Credit: West Calcasieu Port)

Dredging operations in the West Calcasieu Port’s west barge basin were completed today and that all tenant operations in the basin have returned to full operations, port officials announced today.Coastal Dredging of Hammond, La., was the contractor on the $1.3 million maintenance dredging project that removed more than 140,000 cubic yards of spoils over a 10-week period. The port’s barge basin depth was returned to a minus-10 feet, and the spoils were relocated into the ports…

Weeks Marine Invests in Maritime Program at Louisiana College

Weeks Marine, Inc. visited Northshore Technical Community College (NTCC) in Lacombe, La. on July 18 to announce major contributions, totaling $500,000, to support the college’s maritime training program and scholarship fund.Richard “Dick” Weeks, Chairman of Weeks Marine, travelled from the company’s headquarters in Cranford, N.J. to view progress on the construction of NTCC’s second building at the Lacombe Campus. A longtime supporter of higher education and workforce training, Mr.

MarAd Awards $4.8 Mln for Marine Highway Projects

(Photo: Port of Baton Rouge)

Nearly $5 million in grant funding awarded this week will help enhance existing marine highways serving ports in Louisiana, Virginia, New York and Connecticut, and support the development of new container-on-barge services in Kentucky and Rhode Island.On Wednesday, U.S. Department of Transportation Secretary Elaine L. Chao announced $4,872,000 in grants for six projects through the Maritime Administration’s (MARAD) Marine Highway program, works with public and private stakeholders to support the expanded use of navigable waterways to relieve landside congestion…

Coast Guard Receives New Response Boats in Alaska

Members of Coast Guard Station Juneau test the capabilities of their new 29-foot Response Boat — SMALL II, in Juneau, Alaska, July 10, 2018. The RB-S II is an upgrade to the current 25-foot Response Boat — SMALL and is due to phase it out soon. (U.S. Coast Guard photo by Jon-Paul Rios)

A new batch of response boats have been delivered to U.S. Coast Guard stations in Alaska this summer as part of the service's initiative to replace older vessels that have reached the end of their planned service life.The five new 29-foot Response Boat-Smalls, also known as Response Boat-Small IIs, were constructed by Louisiana boatbuilder Metal Shark Aluminum Boats and delivered to the Coast Guard's 17th District starting in May.Station Ketchikan received two new boats May 17…

Apples and Oranges When it Comes to Vessel Finance

A careful and thorough vessel survey underway (CREDIT: DLS)

Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues, insured value, public reporting, and allocation of purchase price, where the value of individual vessels is important.

Gulf Island Fabrication to Build Riverboat Using Casino Boat's Hull

Artist rendering: Gulf Island Fabrication, Inc.

American manufacturer of marine vessels Gulf Island Fabrication has signed a contract for the expansion and delivery of one 245-guest riverboat with American Countess.The new paddle wheeler will be built using the existing hull of the Kanesville Queen, a former gaming vessel built in 1995. Revenue backlog and man-hours associated with this project will be reported in connection with the Company’s announcement of financial results for the quarter ending September 30, 2018.“We continue…

Shipyard in Focus: Conrad Shipyard

Oceangoing tug Kapena Jack Young built for Young Brothers Ltd in Honolulu conducts sea trials
south of Port Fourchon

Parker Conrad, a shipbuilding pioneer and a legend along the Gulf of Mexico coast and beyond, founded Conrad Shipyard in 1948. The company, headquartered in Morgan City, Louisiana, is now a public company with new generations of Conrad’s at the helm. “I grew up in the shipyard working side by side with my father,” said Johnny Conrad, President, Chairman and CEO explains. “I saw firsthand how he treated customers, and how his handshake was as good as a contract. Many of our current customers did business with Parker…

Young Brothers Accepts Delivery of First of Four Ocean-Going Tugs

The Kapena Jack Young completed sea trials in Fourchon, Louisiana and was delivered on August 22, 2018. CREDIT: Young Brothers

New Kāpena Class Tug Ready to Enter Service in Hawaii.The first of four new ocean-going tugs designed by Damen USA, and built by Louisiana-based Conrad Shipyard, has been delivered to Young Brothers – an independent subsidiary of Foss Maritime. The Kāpena Jack Young completed sea trials in Fourchon, Louisiana and was delivered on August 22, 2018. The new twin-screw tugs are 123-feet in length with a 36.5-feet beam and powered by G.E. 8L250 engines rated at 6,000 horsepower. Designed for high stability and maneuverability…

Cheniere Inks 15-year LNG Sales Pact with Vitol

© Igor Groshev / Adobe Stock

Cheniere Energy Inc said on Monday that it signed a 15-year agreement to supply liquefied natural gas (LNG) to the world's largest oil trader, Vitol Inc.Cheniere said it will sell 700,000 tonnes of LNG every year to Vitol, starting 2018 and the purchase price will be pegged to the Henry Hub monthly average, plus a fee.The United States has become a major LNG exporter in the last two years, mostly due to the ramp up of Cheniere's Sabine Pass terminal in Louisiana. Houston-based Cheniere is also building the Corpus Christi terminal in Texas.

Storm Gordon Starts Kicking Up Waves on U.S. Gulf Coast

Photo: NOAA

Waves began to batter parts of the U.S. Gulf Coast on Tuesday as the region felt the first hit of Tropical Storm Gordon, which is expected to become a hurricane before it comes ashore with high winds and heavy rain, forecasters said.The storm also caused a jump in global oil prices after the evacuation of two oil platforms in the Gulf of Mexico.Gordon was due to come ashore late on Tuesday near the border between Louisiana and Mississippi, and drop as much as 12 inches (30 cm) of rain in areas still recovering from last year's hurricanes…

Avondale Yard to Be Repurposed as a Multimodal Hub

USS Somerset (LPD 25) is launched from the Avondale Shipyard in 2012. The vessel later became final Navy ship to depart from the shipyard, in February 2014. (U.S. Navy photo courtesy of Huntington Ingalls Industries)

The former Avondale Shipyard facility in Louisiana will be redeveloped into a logistics and intermodal hub under a joint venture group that took ownership of the shuttered shipyard today.The Avondale site, located just upriver from New Orleans, built and repaired commercial and military vessels for more than 75 years, most recently as part of Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division, until the facility ceased operations in December 2014.New development plans announced today will see the 254-acre site repurposed as a multimodal…

HHI to Build FPS for LLOG Exploration

Image: Hyundai Heavy Industries

South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract to build a floating production system(FPS) for LLOG Exploration of the U.S..HHI, the world's biggest shipbuilder by orders, said in a stock exchange announcement that the offshore facility order is worth $454 million from the Louisiana-based, privately-held LLOG Exploration.The floating production storage and offloading unit would be constructed from August next year after a year-long design for completion and delivery in the first half of 2021.LLOG Exploration Company…

INSIGHTS: Thomas S. Chance, Chief Executive Officer, ASV Global

Thomas S. Chance, Chief Executive Officer, ASV Global

Thomas Chance founded C & C Technologies in his home in 1992. Today C & C is a global oil field surveying and mapping company with more than 550 employees in ten offices worldwide. C & C was the first company in the world to offer autonomous underwater vehicle (AUV) survey services to the oil industry and remains a world leader in the field. In April of 2015, he sold C & C Technologies to Oceaneering International. Complementing the autonomous underwater vehicle business, Mr. Chance started Autonomous Surface Vehicles, Ltd., or ASV, in 2010.

US Oil Exports to Asia May Slide Further

© Anatoly Menzhiliy / Adobe Stock

Rising shipping rates have increased the costs of shipping oil from the United States to Asia and may further the restrict the flow of U.S. oil to the region later this year, multiple trade and shipping sources said on Thursday.Freight rates for tankers that carry crude oil have soared globally, buoyed by peak seasonal demand, weather disruptions and higher bunker fuel costs, the sources said.The cost of chartering a Very Large Crude Carrier (VLCC) capable of carrying 2 million barrels of crude from the U.S.

MOL Delivers LNG Vessel 'Marvel Eagle' to Mitsui

Naming ceremony. Marvel Eagle. Photo: Mitsui O.S.K. Lines

Japanese shipbuilder Mitsui OSK Lines (MOL) announced the delivery of the LNG carrier Marvel Eagle to Mitsui & Co.Before the delivery, on September 5, a naming ceremony was held at the Kawasaki Heavy Industries, Ltd. Sakaide Shipyard before a large crowd of onlookers and representatives of the companies involved.The vessel is the first of three newbuilding LNG carriers, for which MOL and Mitsui & Co., Ltd. signed charter contracts in September 2014 and January 2015(Note 1). Its main assignment will be transporting LNG from the Mitsui & Co.-backed Cameron LNG project in the U.S.

Ship Strikes Dredging Pipeline in Sabine Pass

Several vessels, including two oil tankers and one carrying liquefied natural gas, were stalled and unable to enter the Sabine Pass shipping channel near the Texas-Louisiana border due to draft restrictions, the U.S. Coast Guard said on Thursday.Port Arthur's Vessel Traffic Service implemented 32-foot restrictions on draft, or vessel depth, on Wednesday, after a 24-inch steel dredge pipeline was struck and pulled out to sea by a ship moving through the Sabine Pass Channel to the U.S. Gulf of Mexico, the Coast Guard said in a notice.As much as 1,000 feet of pipeline is missing, prompting the limits on vessel draft in order that surveys could be carried out to locate the displaced line…

Bollinger Delivers USCGC Robert Ward

USCGC Robert Ward in Key West, Fla. (Photo: Bollinger Shipyards)

The U.S. Coast Guard on Tuesday took delivery of the 30th Fast Response Cutter (FRC), USCGC Robert Ward, in Key West, Fla.The 154-foot patrol craft, built by Louisiana shipbuilder Bollinger Shipyards based on the Damen Stan Patrol Boat 4708 design, is the 30th vessel in the Coast Guard's Sentinel-class FRC program. USCGC Robert Ward is scheduled to be commissioned in California in February 2019. It will be the second of four FRC’s to be stationed in San Pedro, Calif.“Previous cutters have been stationed around the nation including Alaska and Hawaii…

Eight Vessels Stalled at Sabine Pass Over Draft Restrictions

© komi$ar / Adobe Stock

Eight vessels were stalled on Friday at the Sabine Pass Channel on the Texas-Louisiana border after 37-foot draft restrictions were put in place this week to allow search operations for a displaced pipeline, the U.S. Coast Guard said.One liquefied natural gas (LNG), one liquefied petroleum gas (LPG) and two oil tankers were waiting to leave the Sabine Pass, while one LNG and three oil tankers were waiting to enter the channel, a Coast Guard spokesman said on Friday.(Reporting by Liz Hampton; Editing by Chizu Nomiyama)

Repsol to Buy LNG from Venture Global

Image: Venture Global

Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.Under this agreement, Repsol will purchase LNG on a free on board (FOB) basis for a 20-year term, starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility…

Kuehne Named GM of Bollinger Quick Repair

Matthew Kuehne, General Manager of BQR, Bollinger Quick Repair (Photo: Bollinger)

Louisiana based shipbuilding and repair group Bollinger Shipyards, LLC, announced it has promoted Matthew Kuehne to General Manager of Bollinger Quick Repair.Bollinger’s CEO and President, Ben Bordelon, said, “[Kuehne] will be responsible for leading and growing the facility as we continue to service the needs of our current and future customers.”Kuehne joined Bollinger in 2011 and has held the positions of Assistant Estimating/Project Coordinator, Estimating/Project Coordinator, Assistant Operations Manager and Operations Manager.

Freight Fuel Market Moves Back Towards Balance: Kemp

© TTstudio / Adobe Stock

The market for freight fuels is moving close to balance, after tightening significantly in 2017 and the first quarter of 2018, contributing to the recent stabilisation in crude oil prices.OECD stocks of middle distillate fuels, including road diesel, marine gasoil and jet fuel, totalled 513 million barrels at the end of June, according to the International Energy Agency (“Oil Market Report”, August 2018).Stocks have fallen compared with the slump years of 2015-2017 (when they…

POTAC Signs Dock Usage Pact with Port of Corpus Christi

Pic: Port Corpus Christi

POTAC (Pin Oak) announced the execution of a ten year exclusive use agreement for Suezmax vessels at Public Oil Dock 14 with the Port of Corpus Christi, including extension options, exercisable by the Company, which could extend the agreement for up to an additional ten years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load / unload Aframax, Panamax, and other smaller vessels and barges. This agreement follows the commencement of construction on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel…

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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