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Saturday, January 20, 2018

Vessel Construction News

US Dredging Invests in American Workers, Safe Navigation Channels

MAGDALEN (Photo courtesy of  AMP)

The American Maritime Partnership (AMP), the voice of the domestic maritime industry, has highlighted the U.S. dredging industry’s commitment to build and maintain safe, efficient and cost-effective navigation channels in the nation’s inland waterways and ports. The recent deliveries of four state-of-the-art vessels, constructed by nearly 700 American workers in U.S. shipyards, are a reflection of the U.S. dredging industry’s continued investment in building dredges with increased…

Tank Vessel Construction Assistance Program Launched

The Maritime Administration (MARAD) is soliciting competitive proposals for construction in the United States of new product tank vessels necessary to meet commercial and national defense needs of the United States and to be built with assistance under Subtitle D of the Maritime Security Act of 2003. Any U.S. citizen or U.S. shipyard may submit a proposal. Under the National Defense Tank Vessel Construction Program, the new product tank vessels must be not less than 35,000 and not greater than 60,000 deadweight tons. The tank vessels must meet the requirements of foreign commerce; be capable of carrying militarily useful petroleum products…

Conrad Reports First Quarter 2002 Results

Conrad Industries, Inc. compared to net income of $951,000 and earnings per diluted share of $0.13 for the three months ended March 31, 2001. Revenues for the three months ended March 31, 2002 were $10.6 million compared to $11.9 million for the three months ended March 31, 2001. The company's backlog was $11.3 million at March 31, 2002 as compared to $10.4 million at December 31, 2001 and $13.2 million at March 31, 2001. Gross profit was $2.1 million (19.8% of revenue) for the three months ended March 31, 2002 as compared to gross profit of $2.8 million (23.3% of revenue) for the three months ended March 31, 2001. Net cash used by operating activities was $2.5 million for the three months ended March 31…

Jensen Design Selected for NAVSEA Newbuild

Photo: Jensen Martime Consultants

Jensen Maritime Consultants, a Crowley company, said one of its workboat designs will be used by a Pacific Northwest boat builder to fulfill a construction project for the Naval Sea Systems Command (NAVSEA). In support of the project, Jensen will supply a functional and regulatory design package for the 41-foot vessel, which will provide ship- and sub-assist services, as well as other port operational services at U.S. Navy port locations around the world. Jensen’s Bryan Nichols…

China Shipyards Win US$100-Million OSV Contracts

OSVs in port: File photo

1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled for delivery in the first half of 2016. 2. Two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co., Ltd, with a European ship owner for the construction of two PX121 Platform Supply Vessels (PSVs) have been declared effective. The two vessels are expected to be delivered in the first and second quarters of 2016 respectively.

Crowley Orders ATB at Bollinger

(Image: Crowley)

Crowley Fuels LLC has signed a contract with Bollinger Shipyards for the construction of a new 100,000-barrel-capacity articulated tug-barge (ATB) to transport multiple clean petroleum products in the Alaska market. The Alaska-class vessel will be built at Bollinger Marine Fabricators Shipyard, in Amelia, La., with an expected delivery in the fourth quarter of 2019. The build contract includes an option for a second ATB. Once built and deployed, Crowley will operate the ATB under a long-term charter with Alaska-based Petro Star Inc.…

MHI Tables Ships Built in Year 2013

Image in public domain

Mitsubishi Heavy Industries, Ltd. (MHI) announce its (diminished on 2012) vessel construction figures during the calendar year 2013 as follows:  

Conrad Reports 4Q, Full Year Results

Conrad Industries, Inc. reported a net loss of $5 million and loss per diluted share of $0.68 for the three months ended December 31, 2003 compared to a net loss of $499,000 and loss per diluted share of $0.07 for the fourth quarter of 2002. For the 12 months ended December 31, 2003, it reported a net loss of $6.8 million and loss per diluted share of $0.94 compared to net loss before a cumulative effect of a change in accounting principle of $4,000 and earnings before a cumulative effect of a change in accounting principle per diluted share of $0.00 in 2002. Revenues for the three months ended December 31, 2003 were $6.9 million compared to $10.6 million for the fourth quarter of 2002.

Conrad Reports 1Q 2004 Results

Conrad Industries, Inc. reported a net loss of $132,000 and loss per diluted share of $0.02 for the three months ended March 31, 2004 compared to a net loss of $321,000 and loss per diluted share of $0.04 for the first quarter of 2003. Revenues for the three months ended March 31, 2004 were $11.7 million compared to $10.5 million for the first quarter of 2003. The Company’s backlog was $37.1 million at March 31, 2004 as compared to $43.6 million at December 31, 2003 and $31.8 million at March 31, 2003. Gross profit was $1.0 million (8.6% of revenue) for the first three months of 2004 as compared to gross profit of $815,000 (7.8% of revenue) for the first quarter of 2003.

Extended National Defense Tank Vessel Construction Assistance Program

The U.S. Maritime Administration (MARAD) issued a Notice amending the schedule for submittal of competitive proposals for construction of new product tank vessels under the National Defense Tank Vessel Construction Assistance Program. The schedule is being extended by 45 days. Phase I proposals are now due not later than June 18, 2004. Other deadline dates are similarly extended. 69 Fed. Reg. 19896 (April 14, 2004).

Conrad Reports 2Q Results

Conrad Industries reported a net loss of $726,000 and loss per diluted share of $0.10 for the three months ended June 30, 2003 compared to net income of $300,000 and earnings per diluted share of $0.04 for the second quarter of 2002. The loss for the six months ended June 30, 2003 was $1.05 million and the loss per diluted share was $0.14 compared to net income before a cumulative effect of a change in accounting principle of $758,000 and earnings before a cumulative effect of a change in accounting principle per diluted share of $0.10 for the first six months of 2002. Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards Board No. 142, ("SFAS No.

Conrad Industries Reports 3Q Results

Conrad Industries, Inc. to a net loss of $263,000 and loss per diluted share of $0.04 for the third quarter of 2002. months of 2002. Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards Board No. 142, ("SFAS No. accounting principle for the nine months ended September 30, 2002. months ended September 30, 2002. the third quarter of 2002. compared to $30.4 million for the same period of the prior year. September 30, 2002. 30, 2003 as compared to gross profit of $1.1 million (11.7% of revenue) for the third quarter of 2002. to gross profit of $4.9 million (16.2% of revenue) for the first nine months of 2002. vessel construction revenue for the second quarter of 2003 and third quarter of 2002, respectively. period of the prior year.

Construction Assistance – update National Defense Tank Vessel

The U.S. Maritime Administration updated its information related to the National Defense Tank Vessel Construction Assistance program. The new information relates to U.S. content requirements, the Capital Construction Fund, and technical requirements. Source: HK Law

China Shipyard Delivers Another Supramax Bulk Carrier

57,000 dwt Bulk Carrier: Photo credit COSCO

COSCO Corporation (Singapore) Limited says its COSCO Dalian shipyard has delivered the 57,000 dwt bulk ship 'Guotou' to its Asian buyer. The new bulk carrier measures 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth. Founded in June 2001, COSCO Shipyard Group Co., Ltd, is a subsidiary of China Ocean Shipping Company (COSCO), specializing in large vessel construction, marine engineering, construction and conversion, as well as ship repairing services. Shipyards are located in Dalian, Nantong, Zhoushan, Guangdong Province, Shanghai, Lian Yungang and other places in China.

Conrad Reports 4Q Results

Conrad Industries, Inc. a net loss of $151,000 and loss per diluted share of $0.02 for the fourth quarter of 2001. $1.0 million and earnings per diluted share of $0.14 for the same period of 2001. Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards Board No. 142, ("SFAS No. accounting principle for the six months ended June 30, 2002. ended December 31, 2002. result of the termination of the proposed Swiftships acquisition. with its former President and CEO and former CFO. the fourth quarter of 2001. compared to $46.9 million for the same period of the prior year. 2001. gross profit of $1.4 million (13.8% of revenue) for the fourth quarter of 2001. $9.9 million (21.1% of revenue) for the twelve months of 2001.

NASSCO Licenses LNG Containment Tech to Braemar

Image: Braemar

General Dynamics NASSCO and Braemar LNG BV, a wholly owned subsidiary of Braemar Shipping Services PLC, have signed a technology licensing agreement for Braemar to use NASSCO’s intellectual property in its design and construction of Flat-Panel, Semi-Membrane, Prismatic-Shaped (FSP) LNG containment systems. FSP is a new multipurpose Type B flat-panel, semi-membrane, prismatic-shaped LNG tank-containment system which uses flat plate technology and a universal joint configuration.

Siem Acquires PSV Contract

Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.

Currence, Jr. Named VP at Rigdon

Richard M. Currence was promoted to Vice President, Operations, at Rigdon Marine, LLC, responsible for the company’s vessel operations, vessel construction, conversions, repair and maintenance, purchasing, and sub-contract management.

Currence, Jr. Named VP at Rigdon

Richard M. Currence was promoted to Vice President, Operations, at Rigdon Marine, LLC, responsible for the company's vessel operations, vessel construction, conversions, repair and maintenance, purchasing, and sub-contract management.

Fincantieri, New Bay Shipbuilding Company VP

Marinette Marine Corporation (MMC) a Fincantieri company, welcomes Gene Caldwell as the new Vice President and General Manager of Bay Shipbuilding Company, a member of the Fincantieri Marine Group. Caldwell’s resume includes shipbuilding experience in multiple facets of the Ship Building Industry including vessel and rig repair, new commercial and government vessel construction, project management, contract negotiation, sales & marketing, safety, QA/QC and financial reporting. Prior to joining FMG, he held a senior management position with Signal International, LLC.  

National Defense Tank Vessel Construction Assistance Update

The U.S. Maritime Administration (MARAD) is hosting two conference calls on May 26 to address issues regarding its Request for Competitive Proposals (RFP) for construction of up to five new tank vessels. The conference call for vessel owners and operators will be at 3:30 to 4:30 p.m. The conference call for shipyards will be at 4:30 to 5:30 p.m. 69 Fed. Reg. 29781 (HK Law).

Coastwise Completes Landing Craft Design

Coastwise Corporation recently completed a landing craft design for Katmai National Park and Preserve in Alaska. The vessel is a shallow water roll-on/roll-off (RoRo) passenger and vehicle ferry. This new 65 foot vessel has a beam of 21 feet, travels at eight knots, operates with a crew of two and can carry ten passengers. It was designed to carry full size road graders, loaders, and tanker trucks. The vessel’s aluminum ramp is designed to load these heavy vehicles from un-improved beaches. Designated as a day-boat the ro/ro landing craft will operate June to mid-September and be hauled out of the lake, prior to freeze up. Fully loaded the vessel draws just over three feet of water.

Conrad Industries Reports 3Q Results

Conrad Industries, Inc. reported a net loss of $1.2 million and loss per diluted share of $0.16 for the three months ended September 30, 2004 compared to a net loss of $827,000 and loss per diluted share of $0.11 for the third quarter of 2003. the third quarter of 2003. compared to $26.5 million for the same period of the prior year. September 30, 2003. 2003. compared to gross profit of $741,000 (2.8% of revenue) for the first nine months of 2003. nine months of 2004 compared to the same periods in 2003. in 2003. production hours associated with the entry into the aluminum business and the execution of our backlog. steel. project totaling approximately $544,000. additional work while we waited for the notice to proceed from the customer. surging prices of steel and other price increases.

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

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