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
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
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
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
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
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
On August 29, 2006, Moran Towing Corporation of New Canaan, Connecticut and Washburn & Doughty Shipyard of East Boothbay, Maine signed a Letter of Commitment for the construction of six additional tug boats. These vessels will follow the two 5100 hp 92 ASDs and two 121 Intercon Tugs currently under construction at Washburn & Doughty for Moran. Moran Towing anticipates building six 92 ASDs for its ship docking fleet, but has reserved the right to build alternative vessels
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
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
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
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.
The Royal Arctic Line has contracted Polish shipyard Remontowa to build 5 ships to be delivered in the first half of 2015. The building program includes a sister ship to the Mary Arctica. of capacity 606 TEU, which will replace Arina Arctica, and also sail across the Atlantic
Jaya Holdings Limited say that the new PSV was delivered on schedule and on delivery went on-hire immediately, embarking on its maiden voyage as part of a long term charter contract in South East Asia with an existing customer undertaking fracturing work.
U.S. Flag Vessels by Type and Age (Number of vessels) The latest statistical roundup of the U.S. flag fleet (2012) shows some interesting trends. We know that the U.S. blue water, deep draft fleet continues to dwindle in size and numbers – albeit some exciting recent orders for tankers and
New Orleans based Harvey Gulf International Marine CEO Shane Guidry announced his company’s first public rating from Moody’s for a new $1 billion credit facility. Harvey Gulf CEO, Shane Guidry, said the rating will help increase the company’s EBDITA to over $500 million in 2016
Family owned shipping firm The Craig Group launched its latest Platform Supply Vessel (PSV), the Grampian Sceptre this week at the Balenciaga Shipyard in Northern Spain. The vessel was officially christened by Mrs. Frances Murray, wife of Alistair Murray
Crowley Maritime Corp. President, Chairman and CEO Tom Crowley became an honorary alumnus of the United States Merchant Marine Academy (USMMA) during a banquet recently held in his honor. The USMMA Alumni Association and Foundation, along with its affiliated Jacksonville Chapter
Crowley Maritime Corporation recently welcomed a new addition to its American-made and operated fleet of petroleum tank vessels, the 750-class articulated tug-barge (ATB) Legend/750-2. The milestone came exactly five years after Crowley first announced plans to build the 750-class
A groundbreaking ceremony today at Vancouver Shipyards, in North Vancouver marks a significant milestone in the re-development of the shipyard into a world-class facility that will build a new generation of vessels for the Canadian Coast Guard and Royal Canadian Navy.
VT Halter Marine, Inc. delivered the 112-ft. ATB Offshore Tug, Evening Star, for Bouchard Transportation Co., Inc., a tug similar to others built for Bouchard in previous years by Halter Marine. Measuring 112 x 35 x 17 ft., the 4,000-hp tug is classed by ABS as A1 Towing Vessel, Dual Mode
Following its assessment of activity at this year’s Monaco Yacht Show, Dwight Tracy & Friends Yacht Sales announced expansion of its program for representing new construction shipyards, both in the U.S. and Europe. According to DT&F founder and CEO Dwight Tracy,
Iron-Ore carrier daily rates rebound as China spends US$158-billion. Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program