BY THE NUMBERS: the OSV Markets
US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs. 2019: Within the US GOM, 2018 saw a period of strategic thinking and tactical business decisions. Tidewater Marine completed their merger with GulfMark Offshore to create the world’s largest OSV player.
MarineLink's "Top 10" Festive Video Pops
As 2019 winds down, sit back for a lighthearted look at what the editorial teams at Maritime Reporter & Engineering News, MarineNews, Marine Technology Reporter & Offshore Engineer have found and dubbed the top 10 festive holiday videos from across the maritime, offshore energy and subsea sectors.While this is certainly not the "Oscars," hat's off to Subsea 7 and Port IT for their slick animated productions, and to the U.S. Navy 7th fleet for its bi-cultural look with Santa hats serving as the tie that binds.Seen any others we've missed? Let us know!
Navigating the Rough Waters of Marine Certification
The marine industry brings its own unique set of challenges.With the ‘All Subsea Factory’ market trend moving offshore exploration and production equipment for oil and gas to the seabed, safety, longevity and environmental protection are just a few of the considerations when choosing marine products. When selecting products for marine applications, the understanding of factors such as marine certifications and inspection documents are crucial to making an informed decision.Worldwide statutory provisions enacted by the United Nations (UN) agency on shipping specify general regulation and rules necessary to obtain an operating license for all categories of ship, marine and offshore applications.
Blount Boats: Ferries, Offshore Wind both Dominate Present, Future
MarineNews recently visited the Blount Boats facility in Warren, Rhode Island. While the year 2019 might be the ‘year of the woman’ in the eyes of the International Maritime Organization, the two women at the head of Blount Boats – Marcia & Julie Blount– have been a driving force in the U.S. boatbuilding market for decades. As Blount’s celebrates its 70th anniversary, read about the storied yard’s promising future.Founded in 1949, Blount Boats is a full-service with a customer base comprised of a variety of commercial and government entities including the U.S. Coast Guard, U.S.
DECK MACHINERY: A Step Up in Safety
How NABRICO’s FASST Winder Winch created a safer work environment.Great ideas can come anytime, from anyone. For NABRICO, a field team member’s understanding of the physical exertion required to operate a ratchet handle, while also acknowledging the value in the older spoked hand wheel configuration, brought about both innovation and new standard of winch safety to the market in the form of the FASST Winder Winch.Maximizing Return on EnergyRather than using a ratchet handle, which required more physical effort…
Digital Developments Continue Apace in the Workboat Space
Sustainable, energy-efficient working practices and environmental regulatory compliance are among the hot-button topics driving the spread of maritime digitalization.The benefits of a digital strategy for companies working within the maritime industry soon stack up. In addition to providing operational/logistical streamlining, data-based insights, a competitive edge and a reputational leg-up, connecting operational systems and consolidating interfaces also drives the levels of…
BOATBUILDING: From Estonia with Love
Lyman-Morse Boatbuilding, the classic Maine boat designer and builder will build to Baltic Workboats design for the domestic workboat market.Lyman-Morse Boatbuilding, the classic Maine boat designer and builder will announce at this year’s International WorkBoat Show that it has entered into the domestic workboat market as the Jones Act builder for the Estonian, Baltic Workboats wave piercing pilot boat, currently popular with Danish and Belgian pilots.How do you feel about taking on something as unusual as building a pilot boat designed and built in Estonia…
INSIGHTS: Sean Fernstrum, President, R.W. Fernstrum
This month, listen in as Sean Fernstrum weighs in on how his firm arrived at its enviable market position, what comes next, and why.Sean Fernstrum is a third-generation owner of R.W Fernstrum & Company. He graduated from Michigan Technological University in 1990 with a Bachelor of Science degree in Scientific and Technical Communications. After college, he came home to Menominee, Michigan and began working as a Technical Writer at R.W. Fernstrum & Company. He has been President of the company for the last 8 years.
ISO: Affordable & Reliable Workboat Comms
The commercial shipping world can benefit from greater range of communications and reduced satellite costs. Domestic brown water operators know all too well that’s easier said; than done. Until now.In the fast moving world of blue water, deep draft shipping, the availability of reliable ship-to-shore communications has been a non-issue for at least two decades. More than ever, they need it. These longtime users of so-called ship management software and now, sophisticated remote monitoring systems that watch over even the most obscure minutia on board far flung 1…
REGULATORY REVIEW: Subchapter M
One Year In: Industry SME (Captain) Pat Folan weighs in from the front lines.It has been an interesting year for towing industry. As the new Subchapter M towboat rule rolled out, it didn’t take long to discover that the regulation wasn’t perfect. As stakeholders look ahead to what comes next, it is also helpful to take a look back at what went right, what didn’t, and more importantly – why.The U.S. Coast GuardThe US Coast Guard does not have the manpower to add more than 5,000 vessels to its workload.
DOMESTIC DREDGING: U.S. Ports Require a Diverse Fleet
The reasons for that are many and these realities cater to regulatory, commercial and regional needs.The U.S. dredging market is complex and relies on the diverse fleet of private dredging companies to get the job done. In addition to design and technical capabilities, environmental restrictions and regulations often dictate whether a trailing suction hopper dredge, cutter suction dredge, or mechanical dredge can respond to the coastal protection, wetland restoration, port deepening, and channel maintenance needs of the Nation.
Shock Mitigation: Size Matters
When it comes to shock-mitigation, bigger is truly better.Let’s consider a thought experiment: You must take the wheel of one of two cars speeding along straight tracks with no exits. Both cars are traveling at 100 km/hour, but the first is 100 meters from a brick wall while the second is only 10 meters from an identical wall. There is nothing to do but decelerate before the crash, and assuming your decision is guided by self-preservation the choice is obvious. Why? Because even the best tactical driver can’t overcome physics…
SAFETY: Dollars & Sense
Make a Profit with a Safety Management System (SMS).Organizations in the maritime industry act no differently than any other successful global business unit. Major decisions are made with a certain underlying commitment – a commitment to customers, stakeholders and employees. That commitment can be oversimplified by stating the obvious, to generate revenue, but more specifically generate profits. Without profits, the company will not only fail to thrive, but will fail to survive.
VDRs for Inland Vessels: Does It Make Sense?
It just might. And, you’ve got options.The Voyage Data Recorder (VDR) carriage requirements apply to all passenger ships regardless of gross tons or year of build, and to all cargo ships 3000 gross tons or larger built after 2002. A simplified VDR (S-VDR) is allowed on older ships built before 2002. The performance standard was updated in 2014. That said; a full type-approved VDR is not a requirement for inland vessels under 3,000 GT. Nevertheless, a good case to be made for installing a (less costly) data recording device on such vessels…
PROPULSION: LNG as a Fuel
Some forecasts expect 10% of the global fleet to be powered by LNG by 2030, a proportion that could rise to just under a quarter of the fleet by 2050. Will your vessels be among them?The year-end sulfur cap on marine fuels and recent industry commitments to reduce its collective carbon footprint are behind a surge of interest in LNG as fuel; widespread adoption, however, still faces strong headwinds on several fronts.After a period where the costs of transitioning to LNG as fuel – at the operational and capital expenditure (Capex) levels – had appeared to constrain demand…
Putting Palatka Back on the Map
Diverse and conveniently located, St. Johns Ship Building has quickly developed into a reliable partner for its many repeat customers. Today, and as a direct result, a lot more people know exactly where Palatka, Florida is located.On the St Johns River, just 60 miles south of Jacksonville, lies the sleepy town of Palatka, Florida. Founded as a trading post in 1821, its location on the highly navigable river made the area attractive to orange growers and timber men alike.In its heyday between 1875 and 1900…
INSIGHTS: Loy Stewart, Jr.
Loy Stewart, Jr. is President, Detyens Shipyards. He is a 1991 graduate of the US Merchant Marine Academy in Kings Point where he earned a degree in Marine Engineering. After several months sailing on the Sealift Atlantic, Loy began working at Detyens as a Ship Superintendent and coordinated work on numerous commercial and navy contracts. In 1996, when the Detyens Shipyards were divided into separate profit centers, Loy Jr. was promoted to Profit Center Manager of the Wando facility. In 2002 he was made PCM of the Main Yard in North Charleston and promoted to Executive Vice President in 2003.
Offshore Wind: a Freshening Breeze?
July brought news about offshore wind. There was something for everyone: optimism, disappointment, and construction, too.Finally, starting with Dominion Energy’s Coastal Virginia Offshore Wind Project, a joint venture with Danish wind developer Orsted is underway. True, this is a small project – just two wind turbines to be installed 27 miles east of Virginia Beach. But considering all the preceding hurdles, news about Dominion blew in as proverbial, hopeful fresh air. Surely…
OP/ED: Offshore Wind
Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…
The ABC’s of DP 101
Dynamic Positioning has been around for a while, it is evolving and it is here to stay. Here to sort it all out are two of industry’s more familiar stakeholders who also explain what might come next.When it comes to critical offshore operations and vessel handling, this is not your grandfather’s marine industry, and it hasn’t been for some time. That’s because the bridge layout and equipment commonly found on any recently delivered offshore service vessel would be unfamiliar to the typical deck officer of just 20 years ago.
COATINGS: Chasing Better Prospects
As the offshore industry recovers, choosing the right hull coating for those newly activated assets will be equally important.The global offshore support vessel (OSV) market is still recovering from a protracted slump, but thankfully momentum is now returning with predictions for significant activity for OSV’s ahead. As summarized in a report by market analysts Grand View Research, projections are for the OSV market to exceed USD 71 billion by 2022 on the back of a significant increase in projects reaching final investment decision (FID) status, and a rising demand for oil and gas worldwide.
Maritime Risk Symposium, Nov. 12-15 at SUNY Maritime
The State University of New York Maritime College, in collaboration with the U.S. Coast Guard, National Academy of Sciences, academic institutions, industry partners, and federal, state and local agencies, will host the 10th Annual Maritime Risk Symposium (MRS 2019) Nov. 13-15, 2019, at New York Maritime College located in the Bronx, New York.MRS 2019 will bring together academics, government and commercial entities to discuss the threats, challenges and risks associated with the Marine Transportation System with a focus on current and future marine transportation challenges and threats.
OP/ED: Farm Facts
USDA Study Underscores Value of Inland Waterways to U.S. Agriculture.On August 28, U.S. Secretary of Agriculture Sonny Perdue and Assistant Secretary of the Army (ASA) for Civil Works R.D. James toured Mel Price Locks and Dam in Alton, Illinois, and held a Town Hall Meeting to discuss the importance of the waterways, agriculture and the U.S. economy. At the event, Secretary Perdue briefed agricultural and waterways stakeholders on a newly released study – Importance of Inland Waterways to U.S. Agriculture – from the U.S.