Marine Link
Monday, January 22, 2018

Maritime Associates News

IMA Relocates As Client List Grows

International Maritime Associates (IMA) recently expanded its Ft. Lauderdale offices, moving to a new location central to major shipyards, deep water dockage and local yachting vendors. location at 1300 SE 17th Street, Suite 219, brings with it a team of experts specializing in a variety of yacht supervision skills. and information services, IMA's new offices were christened as one of their latest projects reached a milestone. offices to the center of Ft. Lauderdale's prestigious yachting community," said Sabrina Farmer, IMA's President and CEO. International Maritime Associates was established to assist the yacht-owners' team in overseeing projects, monitoring both costs and efficiency of services. for Bradford Marine, bring many years of diverse service and skills to the company.

International Maritime Associates Relocates

International Maritime Associates (IMA) recently expanded its Ft. Lauderdale offices, moving to a new location central to major shipyards, deep water dockage and local yachting vendors. location at 1300 SE 17th Street, Suite 219, brings with it a team of experts specializing in a variety of yacht supervision skills. and information services, IMA's new offices were christened as one of their latest projects reached a milestone. "As we celebrate one of our newest projects - the keel laying ceremony for the 202' Project Phoenix at Lurssen - we are pleased to relocate our offices to the center of Ft. said Sabrina Farmer, IMA's President and CEO.

Outlook for Floating Production Systems

The strong and sustained rebound in the price per barrel of oil, coupled with the economic recovery in Asia has offshore production related companies planning for a big 2000. Following is a synopsis of a report generated by Washington, D.C.-based International Maritime Associates Inc. which assesses the market outlook for FPSO vessels, production semis, TLPs and spars. There are currently 107 floating production systems in operation worldwide, which is an increase of nearly 67 percent over the inventory reported in International Maritime Associates' report dated September 1996. In real terms, the increase means the addition of 49 units, broken down as such: 3 TLPs, 2 mini TLPs, 33 FPSO vessels, 9 production semis and 2 production spars.

Outlook for Floating Production Systems

The strong and sustained rebound in the price per barrel of oil, coupled with the economic recovery in Asia has offshore production related companies planning for a big 2000. Following is a synopsis of a report generated by Washington, D.C.-based International Maritime Associates Inc. which assesses the market outlook for FPSO vessels, production semis, TLPs and spars. There are currently 107 floating production systems in operation worldwide, which is an increase of nearly 67 percent over the inventory reported in International Maritime Associates' report dated September 1996. In real terms, the increase means the addition of 49 units, broken down as such: 3 TLPs, 2 mini TLPs, 33 FPSO vessels, 9 production semis and 2 production spars.

What's next from Maritime Reporter TV?

Jim McCaul, founder of International Maritime Associates, and Greg Trauthwein, Editor, Maritime Reporter & Engineering News (Photo: Eric Haun)

Jim McCaul, founder of International Maritime Associates, sat with Maritime Reporter TV's Greg Trauthwein in Washington, D.C. to discuss key market trends affecting the global energy and maritime sectors. With inimitable insight, McCaul offers a candid look into the state of U.S. shipbuilding, the condition of the floating production industry, potential for an energy sector rebound, and the incoming Trump administration. In the first segment, McCaul identifies signs of hope within the global energy markets and provides an update on the state of floating production.

IMA and Delta Marine Sign Agreement

International Maritime Associates, L.L.C and Delta Marine International, Inc. have announced an agreement formalizing IMA as the exclusive worldwide sales and marketing agent for all Chem-Free TM Purification Systems in the marine industry. IMA is a Fort Lauderdale based consulting firm catering to the Mega Yacht segment of the marine industry. The Chem-Free Purification Systems product line provides a cost effective way to efficiently deliver Ozone into the potable water system, black and gray water systems via “Silent” Corona Discharge and air conditioning systems onboard via Ultraviolet or “UV”, thus eliminating odor and bacteria in all areas and increasing potable water and indoor air quality.

Floating Production Systems: US$11+ Billion on Order

FPSO 'Mystras': Photo CCL 2

The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). 269 floating production units now in service or available – This figure is 22% greater than five years ago, almost 80% higher than ten years back. FPSOs account for 61% of the existing systems. The balance is comprised of production semis, tension leg platforms, production spars, production barges and floating regasification/storage units.

Int’l Superyacht Society 2010/2012 Board

The International Superyacht Society (ISS) announced its 2010-2012 Board of Directors and Past Presidents Council. ISS elections are held annually by peer selection. Sylke auf dem Graben, Lürssen Werft GmbH & Co. John D. Dieter Jaenicke, Viking Recruitment Ltd.

Cal Maritime Presidential Search Committee to Hold First Meeting

The California State University Board of Trustees will begin the search next month for a new president of the California Maritime Academy to succeed  President William B. Eisenhardt, who is retiring after serving as president of the university since 2001. The first meeting of the search committee will be held in an open forum from 10 a.m. to noon on Wednesday, March 7 at the Rizza Auditorium on the Cal Maritime campus, followed by a closed meeting of the committee at 1 p.m. This is the only meeting of the committee that is an open meeting. CSU Trustee Peter Mehas will chair the Trustees’ Committee for the Selection of the President. The other trustee members of the selection committee include Steven Glazer, Bob Linscheid and Henry Mendoza, as well as Trustee Chair Herbert L.

ISS Names Board of Directors

Change in Organization’s Bylaws Specify Revised Board Tenure and Structure. The ISS (International Superyacht Society) announces its 2012-2015 Board of Directors and Past Presidents Council. ISS elections are held annually by peer selection. During 2011, ISS membership ratified changes to the Association’s Bylaws which now state that a total of 24 elected Board members will serve three-year terms. During the 2012, 2013 and 2014 election cycles, the ISS Board will be in transition. For the current year and based on a democratic voting system, ISS members have awarded eight Board positions for three years and four Board positions for one-year terms with the opportunity to re-run for the 2013-2016 term.

Happy Birthday to Us!

Greg  Trauthwein, Editor & Associate Publisher

This year Maritime Reporter & Engineering News celebrates its 75th Anniversary. Founded by  in 1939, the publication today reigns as the largest audited publication serving the global maritime industry, with a circulation of more than 35,000. While the publication, with its signature size and booming red logo, easily remains our most recognizable brand, unlike 1939 when it was the stand-alone information product of the company, today it is surrounded by a family of four print and more than a dozen online and electronic editorial products that cover everything on the commercial maritime…

Projections center on When, not If

The cyclical nature of the offshore exploration and production beast is legendary in financial circles, riding boom and bust waves for years at a time. While industry analysts and insiders alike had forecast a pick-up in activity no sooner than mid-year 2000, the collective industry is “itching” to get back to the business of building, repairing and supplying the myriad of rigs, boats and other business opportunities that abound in a full-blown boom oil market. Patience, it seems, is wearing thin, particularly in the face of dwindling business prospects and the lingering of the $30+ barrel of oil. While it seems all too natural that sustained high prices would sooner than later drive a resurgence of the moribund offshore business…

Congressional, Maritime Leaders Support Jones Act on the Hill

Mark Buzby, U.S. Maritime Administrator

The House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation held a hearing Wednesday on “The State of the U.S. Flag Maritime Industry” during which congressional and maritime leaders stressed the importance of the Jones Act. RADM Mark H. Mr. Mr. The Committee and those testifying expressed bipartisan support for the Jones Act and enforcement of the law. “In order for us to maintain the way of life as we know it as a nation that is secure and is able to project power, be it Navy power or commercial power, the Jones Act is intrinsic to that.

120 To 175 Floating Production Systems Forecast Over The Next Five Years

The number of floating production systems in service continues to grow. There are now more than double the number of units ten years ago  – 250 units now vs. 120 units in 2001. Order backlog, which now stands at 47 units, will increase the inventory by another 20 percent over the next several years. Planned projects – In a new in-depth analysis of the floating production sector, IMA identifies 194 projects in the planning stage that are likely to require a floating production system for development.

GOM: Number Of Floating Production Systems Projected To Rise

The Gulf of Mexico offshore market is quickly shaping up to be the driving maritime force of 2001 and beyond. While the market today is, and will always be, largely dependent on the political wranglings of OPEC nations, the recent consolidation which has swept the oil majors and, to some degree, the offshore drilling and supply and service companies, has helped to alter some of the traditional instabilities. For example, despite the fact that the price per barrel of oil has elevated to and remained in the mid $20s to low $30s for much of the year, offshore activity in the Gulf of Mexico has been sluggish to initially respond. While it appears that offshore business in the region will rebound strongly in the latter part of 2000 through 2001…

Marad Visits TX Maritime Technology & Training Center

The San Jacinto College Maritime Technology and Training Center will open in January 2016 to become one of the region's only campuses built specifically for mariner training and as a home to the state's first maritime transportation associate degree program. All San Jacinto College maritime training is currently operating out of a facility in Pasadena, Texas. Photo credit: Jeannie Peng-Armao

United States Maritime Administration tours Maritime Technology and Training Center site. Administrators from the United States Maritime Administration (MARAD), along with staff from United States Senators John Cornyn and Ted Cruz, recently visited the construction site of the Maritime Technology and Training Center, where they received a glimpse of one of the region's only waterfront campuses being built specifically for mariner training and as a home to the state's first maritime transportation associate degree program.

Women in Maritime: New UK Taskforce Established

Nusrat Ghani (Photo: Maritime UK)

Setting out to increase fairness, equality and inclusion within the maritime sector, Maritime UK has established a Women in Maritime Taskforce, a move welcomed by the U.K.’s new Maritime Minister, Nusrat Ghani MP. “I am delighted to see Maritime UK taking action to attract more women into our maritime industries, and I welcome this taskforce as an important first step,” said Ghani, who is only the second woman to hold the Department for Transport portfolio for the U.K.’s £40 billion maritime sector.

Global Entities Convene for Maritime Career Day

Maritime Careers Day - Flyer

The Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging. These will be ICOMIA - the International Council of Marine Industry Associations, SNAME - The Society of Naval Architects and Marine Engineers - based in Virginia, U.S. and the IMO International Maritime Law Institute. The objective of the Malta Maritime Careers Day is to bring together professionals, educators and leading industry players to discuss and encourage the improvement in academic and practical training for the common benefit of interested students…

Increased Demand for Trained Maritime Professionals

May 22 is National Maritime Day, an observance to recognize the contributions and sacrifices made by America's Merchant Marine. However, it is also a time to reflect on a growing industry that is facing needs for highly-skilled mariners. The total value of marine freight is estimated to increase by 43 percent domestically and 67 percent internationally by 2020, according to the U.S. Department of Transportation (DOT) Maritime Administration. At the same time, it is predicted that increased consumer demand for liquid natural gas (LNG) and oil will require newly-skilled mariners, new vessels, and expanded terminal infrastructure. Employment of U.S.

Offshore Production Systems Analysis Published by IMA

Production Floater Order Backlog: Image credit IMA

29 Floating production units ordered over the past 12 months according to a recently published IMA in-depth analysis. International Maritime Associates (IMA) has just completed an in-depth analysis of the floating production sector. The 175 page report Floating Production Systems: Assessment of the Outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs is the 48th in a series of IMA reports on the deepwater production sector that began in 1996. Some highlights from the new report are below.

Pirates Release Tanker and Crew in Gulf of Guinea

MT Barrett (Photo: Union Maritime)

Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed. Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin, West Africa on the morning of January 10, after which the company immediately implemented its emergency response plan and alerted regional maritime authorities and other vessels. A resolution process began when the pirates holding the MT Barrett made contact with the Union Maritime late on January 12.

Eric Greene Associates Awarded MARAD Contract

Eric Greene Associates, Inc. has just been awarded a 9-month, $65,000 contract from the Maritime Administration to investigate spray-applied insulation systems for marine transportation. The work is being performed for the Ship Structure Committee (SSC) representing in the U.S. the Maritime Administration, the Coast Guard, the American Bureau of Shipping, the Society of Naval Architects and Marine Engineers and the Navy; and in Canada the Coast Guard, DREA, and Transport Canada. High-speed marine transportation systems rely on structural fire protection to ensure passenger safety. Passive structural fire protection used today consists of "batted" material that is held in place with pins.

Expo Attracts Top Officials

Top security and maritime officials from more than 22 countries will come together in New York next week to explore solutions for improving the security of international maritime trade in the United States and abroad. Security Division at E.J. Krause & Associates, the Expo organizer. “Maritime security is a crucial piece in the U.S. government’s fight against the threat of terrorism. The U.S. Maritime Security Expo will be held at the Jacob Javits Convention Center in New York City, on September 18-19, 2002. the Security Expo has become this year¹s ³must attend² meeting for logistics, maritime, trade and security officials worldwide.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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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