German owner of multipurpose & heavy lift tonnage, BBC Chartering, announce that half of its 22 unit heavy lift new-building program is now operational. Two vessel series form the basis of this heavy lift fleet new-build program. One is the 14,360dwt ‘BBC Amber’ type of which 14 units are built, featuring 2x 400 mt lifting capacity, and the second is the ‘BBC Everest’ type of which eight units are built with 2x 350 mt lifting gear. The company took delivery of the ‘BBC Citrine’ in August 2012, the fifth new-building of the 14,360dwt series, and earlier in July of the ‘BBC Rushmore’, the sixth new-building of the 9,300 dwt series. With eleven of twenty-two vessels being operational BBC Chartering has reached project halftime and Svend Andersen, CEO of BBC Chartering, dares a glimpse into the future: “The project and heavy lift shipping market remains difficult and challenges the whole industry. Although today’s situation at the halftime of the program is not delivering the originally desired results, we are confident this step represents a meaningful service innovation for clients managing project and heavy lift logistics worldwide.” BBC Chartering expects the new building program to be fully deployed by the end of 2013, beginning of 2014.
i-Tech Announces ROV build Program Global contractor, i-Tech, part of Subsea 7 announced that it has placed an order for new build deepwater work class vehicles, which will be supplied with advanced, light weight, high performance handling systems. The systems, to be named Centurion Qx, have been specifically designed and built for i-Tech and its target market. The 125hp Centurion Qx will be rated to operate at water depths up to 2,000m as standard with options to upgrade to 3
Tidewater Inc. is preparing to embark on a modest new-build program, estimated to cost in the range of $300 million. William C. O'Malley, Tidewater's chairman, president and CEO, said the new-build initiative will be "directed to the highest end of the market and would include very large Anchor Handling Towing Supply vessels and large Platform Supply vessels capable of working anywhere in the world." O'Malley added, "These new vessels will be designed to cover operational capabilities the
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures, and the steady growth in earnings and cash flow as well as its reduced need for debt to fund capital expenditures following its equity issuance. Moody's review will focus on the impact of RCL's extensive ship building program on debt protection measures
Offshore Marine Management (OMM) has launched a new survey and subsea business this week, which will focus on surveying, cable and structural subsea inspection and subsea engineering. Recently appointed Director of Survey and Subsea, Arron Burrows said this new business offers clients an all-inclusive “one stop shop” for cable solutions - with survey, inspection and final deliverables - and will mean an overall better service.
Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification, modern accommodation vessels to the offshore oil and gas industry. The proceeds from the Private Placement will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Shipyard
DBL 28 the 1st in a series of eight OPA’90 compliant, Lakes, Bays & Sounds, ABS and USCG certified tank barges delivered from Bollinger to K-Sea Transportation for use in harbor service in ports on the Northeast U. S. Coast. Bollinger Marine Fabricators, LLC, (BMF) Amelia, La., a Bollinger Shipyards, Inc. company, has delivered the DBL 28, a double hull, oil tank barge built to meet the requirements of the Oil Pollution Act of 1990 (OPA’90), to K-Sea Transportation Partners L
Rigdon Marine’s new GPA654 Class PSV to be built at Bollinger Shipyards Bollinger Shipyards has announced the signing of a multi-vessel contract with Rigdon Marine Corporation. Bollinger will build ten platform supply vessels (PSV) for Rigdon Marine, based on a new GPA 654 Class, designed by Guido Perla & Associates. The design incorporates increased carrying capacity and greater operating efficiency, compared to similar sized vessels
Stelmar Shipping Ltd. announced that it has taken delivery of a double-hull Panamax tanker, the Silvermar, from the Daewoo Shipbuilding and Marine Engineering Company Ltd. The tanker has entered into a previously announced five year time charter at $18,500 per day. The Silvermar is sister ship to the Rubymar, Jademar, Pearlmar, and Rosemar which were delivered in the first five months of 2002, and entered into twenty-four month time charters at an average rate of $18,000 per day
After signing a RENC membership agreement with the Institute of Hydrometeorology and Seismology Montenegro (IHMS) PRIMAR and the Norwegian Hydrographic Service team up with SevenCs for capacity building. In November 2013, IHMS signed a RENC agreement with PRIMAR. Having a motivated team, paper charts and some recent surveys, IHMS was lacking a production environment and detailed knowledge in ENC production. Funded by the Norwegian Hydrographic Service
ABB inform that its technology will power ice-going LNG carriers carrying liquefied natural gas (LNG) from Siberia to Europe and Asia, having secured a contract to supply electrical power and propulsion systems for the first of 16 Yamal LNG carriers.
Ship construction programs move ahead, but it’s not smooth sailing. Navies and Coast Guards everywhere face budgetary pressure, even in the U.S. which has the largest Navy in the world. The balance between desire for capacity and capability and pressure for affordability has never been
Birkenhead-based shipyard and engineering services company Cammell Laird is ramping up its activity in the energy sector by investing more than £1.5 million in its facilities and appointing a leading nuclear sector engineer. John Eldridge has joined Cammell Laird from Sellafield Ltd
The continued maturation of Offshore Service Vessel design is embodied in recent contracts and deliveries. Ulstein Verft subsea newbuild Island Performer was built for Island Offshore to be a flexible, RLWI/IMR vessel, destined to serve its first five years for FTO in the Gulf of Mexico
Island Offshore took delivery of M/V Island Duchess from the Vard Brevik yard in Norway. This is the second vessel in a series of four platform supply vessels of Rolls-Royce UT 717 CD design to be delivered from Vard Brevik in 2013 and 2014.
Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company says it intends to use the net proceeds from this offering in connection with its new vessel build program as well as for
The maritime community in the United States has watched with interest as Harley Marine Services has expanded from the West Coast to the East and Gulf Coasts and now the Inland Waterways. As with other expansions, carried out by Chairman and CEO Harley Franco, this one
Royal Dutch Shell plc is donating US$2.5 million, in response to the catastrophic typhoon Haiyan that struck the Philippines. The donation from the Shell Group will be used for rebuilding and rehabilitation efforts in the areas badly hit by typhoon Haiyan
Vigor Fab has been awarded a contract by Tidewater Barge Lines of Vancouver, Wash, to construct 3 new tugboats. Construction of the first tug will start on Jan. 24, 2014, with the keel laying (the formal recognition of the start of a ship’s construction) at Vigor’s facility in
The US Department of Defense has issued a Special Operations Command contract to Oregon Iron Works for funding of the Combatant Craft Medium Mark One (CCM Mk1) building program. The CCM Mk 1 craft will replace the Naval Special Warfare (NSW) Rigid Inflatable Boat (RIB) as a utilitarian go-to-war
Canadian Minister of Industry, the Honorable James Moore, visited the KOTUG’s Headquarters and sailed on board of the hybrid Rotortug RT Adriaan, the so-called E-KOTUG, in the Port of Rotterdam. The Prime Minister, Stephen Harper and the Minister of Industry
13 Stan Pontoons, six Stan Tugs and four Stan Tenders come to West Africa and Rotterdam Last Friday, April 4, a shipment that left China seven weeks ago carrying 13 new Damen Stan Pontoons and 10 other Damen vessels arrived in Rotterdam. The built-for-stock pontoons and vessels will uphold
Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever, and we still expect 2014 to produce our highest annual revenue ever."
As part of its ongoing commitment to provide the highest level of service to its heavy lift and project cargo customers, Intermarine, LLC (Intermarine) is adding 15 new vessels to their fleet. “We are launching our fleet renewal program with long term charters on a series of new
Kongsberg Maritime has secured contracts for the delivery of fully integrated navigation and automation systems for a series of 14 crude/product tankers ordered by BP shipping Ltd. The new builds will be delivered by STX Offshore and Shipbuilding Co., Ltd. by September 2016