Bay Shipbuilding News
Offshore Wind: Inside the Financial Web
Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years, has taken a shift towards tolerating more uncertainty when it comes to cash flows.A 2022 article from consultants McKinsey, titled “Infrastructure investing will never be the same”…
Bay Shipbuilding Delivers US' Largest LNG Bunker Barge to Crowley
Crowley on Wednesday announced it has taken delivery of the liquefied natural gas (LNG) bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis.The Progress will expand access to cleaner energy for ship operators at the Port of Savannah, Georgia, upon final commissioning there this month. Shell NA LNG, LLC, (Shell) signed a long-term agreement with Crowley to operate the barge…
SOVs – Analyzing Current, Future Demand Drivers
At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…
Marine News' 2024 US Shipbuilding Report
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his company’s architecture as a “three-legged stool approach: commercial newbuilds, government newbuilds and repair/conversion capabilities”.On the same panel…
Master Boat Builders Delivers Tug for Seaside LNG/Polaris New Energy
Coden, Ala. shipbuilder Master Boat Builders on Monday announced it has delivered Tortuga, the latest tugboat to join Seaside LNG/Polaris New Energy fleet.Tortuga will connect with the barge Clean Everglades, delivered from Fincantieri Bay Shipbuilding in 2023, to form a Jones Act compliant articulated tug and barge (ATB) for bunkering liquefied natural gas (LNG).The new tug has an overall length of 109 feet and features two Caterpillar 3512E main engines, EPA Tier 4 certified and each producing 2,000 horsepower.
Seaside LNG Performs US Gulf Coast's First Ship-to-ship LNG Bunkering
Seaside LNG announced its liquefied natural gas (LNG) bunkering barge Clean Jacksonville delivered fuel to Carnival cruise ship Carnival Jubilee in Galveston, Texas, marking the first ship-to-ship LNG bunkering delivery along the U.S. Gulf Coast.The bunkering operation took place on December 30, 2023, after months of careful coordination with all parties involved, including the Port of Galveston, Seaside LNG said.The 2,200 cubic meter bunkering barge Clean Jacksonville, previously stationed in Florida…
What Do MARAD Title XI Changes Mean for Offshore Wind?
The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices. In particular, the amendments aim to move away from inflexible static metrics and Title XI’s limited amortization requirements. The amendments respond to concerns that previous terms acted as a barrier to some companies seeking to apply for Title XI support.
LNG Bunker Barge Clean Everglades Christened
Sturgeon Bay, Wis. shipbuilder Fincantieri Bay Shipbuilding (FBS) held a christening ceremony for recently constructed liquefied natural gas (LNG) bunker barge Clean Everglades.The vessel is the sister ship to the LNG barge, Clean Canaveral, which was delivered by FBS two years ago and has made more than 65 successful LNG bunker deliveries. Similar in design and appearance, the articulated tug barge (ATB) will hold 5,500 cubic meters of LNG.“The previous FBS-built LNG barge was delivered on schedule during the global pandemic…
Vard Accommodation Changes Name. Wins Service Operation Vessel HVAC-R Contract
Vard Accommodation said Wednesday it had changed its name to Vard Interiors. The company also said it had secured a new contract with Fincantieri Bay Shipbuilding."Vard Accommodation is changing its name to Vard Interiors to show more clearly the full range of products within the company, covering the full interior of the ship—decoration, furniture, piping, and HVAC-R," the company said."With the new name Vard Interiors, we strengthen our position as a deliverer of the complete interior of the ship…
Fincantieri Bay Shipbuilding Cuts Steel for Crowley-ESVAGT Jones Act SOV
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding on Wednesday began construction on a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms.This Jones Act compliant vessel, for the joint venture CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy. The vessel is scheduled to enter service in 2026, when it will support the Coastal Virginia Offshore Wind Project.“We are excited to get started on this important vessel…
Offshore Wind: US Shipbuilders Answering the Call
It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners. Most recently, President Biden traveled to Philadelphia’s Philly Shipyard…
Crossing Death's Door Daily
Washington Island Ferry Line (WIFL) has been the essential link between the residents, business and visitors of Washington Island and Wisconsin's Door Peninsula for more than eight decades.Picturesque and peaceful Door County isn't named for some intrepid settlers named Door. The name has a more ominous meaning. It's derived from the treacherous passage between the peninsula and Washington Island that mariners called Porte des Mortes, or Death's Door.A unique combination of environmental…
Fincantieri Bay Shipbuilding Expands Partnership with Local Technical College
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding (FBS) is expanding its partnership with a local technical college in an effort to advance the maritime manufacturing industry and meet growing workforce demand within the region.In fall 2022, FBS and Northeast Wisconsin Technical College (NWTC) designed a specialized training program for FBS employees to advance their welding and ship/pipe-fitting techniques. Since the launch, 97 participants have successfully completed this five-week course offered through the NWTC Sturgeon Bay campus.
Powering the North American Maritime Fuel Transition
Offshore service vessels, along with workboats serving harbors and inland rivers, have embarked on an industry-wide voyage toward reduced emissions of greenhouse gasses. Professor Craig Philip, a faculty member with Vanderbilt University’s Center for Transportation and Operational Resilience (VECTOR) and former CEO of Ingram Barge Company, provides this context: “The Maritime Sector has long provided shippers with the most fuel-efficient and sustainable freight transport option…
US' Newest Great Lakes Freighter Runs Aground
The newest Great Lakes freighter in the U.S. registered fleet has run aground in the Detroit River off Belle Isle, the U.S. Coast Guard said.The 639-foot self-unloading bulk carrier Mark W. Barker was headed toward Lake St. Clair from Cleveland when it lost propulsion and ran soft aground at 8 a.m. on Wednesday. The ship, which is carrying 21,000 metric tons of salt, was due to arrive in Milwaukee on Friday.The Coast Guard said planning is underway to refloat the ship and determine what caused it to run aground. No injuries, pollution or damage has been reported.
2023 US Shipbuilding Report
Much has changed since Marine News’ 2022 shipbuilding report published in March last year, and business opportunities in certain market segments continue to grow. But the shipyards that are looking to cash in are still facing many of the same challenges.For example, many American shipyards and their partners throughout the shipbuilding supply chain are still finding it difficult to attract and retain the workers they need. If you’re a skilled craftsperson looking for a job in shipbuilding, you’re in luck, because there are plenty of openings at shipyards across the country.
Fincantieri Bay Shipbuilding Executive Suspended Over Criminal Fraud Allegations
Fincantieri Marine Group announced on Thursday that it has suspended the general manager of its Bay Shipbuilding shipyard in Sturgeon Bay, Wis. over recent criminal fraud charges.The U.S. Department of Justice (DOJ) recently charged Craig Perciavalle and two other former Austal USA employees for "allegedly making or causing to be made false and misleading statements about Austal USA's performance and financial condition between 2012 and 2016", according to Austal USA, a subsidiary of Australian shipbuilding group Austal. The U.S.
HAV Design Becomes First European Firm to Design SOV for U.S. market
The Norwegian company HAV Group said Monday that its ship-design subsidiary, HAV Design, had signed a contract with Fincantieri Bay Shipbuilding to construct a newbuild service operation vessel (SOV) destined for the Coastal Virginia offshore wind project in the U.S.The ship will be built for CREST, a partnership between the U.S. company Crowley and the Danish company ESVAGT."The contract marks the U.S. breakthrough for HAV Design, which becomes the first European ship designer to develop an SOV for the U.S. market," HAV said.The U.S. plans to install 30 GW of offshore wind by 2030.
Offshore Wind: Shipbuilder Selected for Crowley, Esvagt JV SOV
Following the news on Wednesday that Crest Wind, a joint venture between Crowley and ESVAGT, is set to build a service operation vessel for operations in the U.S. offshore wind sector, the partners have now selected a shipbuilder for the SOV construction.Fincantieri Marine Group said Wednesday it had reached an agreement on a contract with CREST Wind to design and build a 288-ft. HAV 832 Service Operation Vessel (SOV).SOVs are purpose-built vessels used to transport technicians to service and sustain the operation of wind turbines at sea. Crowley is a U.S.
ATB Tug Partially Sinks in Port Milwaukee
Multiple agencies are responding to prevent any potential environmental damages after a tug partially sank at its moorings on the Kinnickinnic River in Port Milwaukee.The Coast Guard said its watchstanders at Sector Lake Michigan were notified by the National Response Center at 11:27 a.m. on Monday that the vessel Michigan, part of an articulated tug and barge (ATB) unit, began taking on water and partially sank in 26 feet of water.Photos shared by the Coast Guard earlier this week show the stern of the 115-foot-long tug submerged while its bow remains above the waterline…
Marine News' Top Vessels of 2022
The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations. The maritime industry has no shortage of challenges to overcome, and each of Marine News’ top vessels will, in one way or another, aid efforts to tackle them.Mark W.
NTSB Issues Recommendations Following Fire on Laid Up Laker
The United States' National Transportation Safety Board (NTSB) issued three safety recommendations following its investigation into the February 1, 2021, engine room fire aboard the bulk carrier Roger Blough.The Roger Blough was docked in winter layup at the Fincantieri Bay Shipbuilding facility on Sturgeon Bay, Wis. when a fire started in the engine room. The cargo-unloading conveyor belts then ignited, causing extensive damage throughout the aft section of the vessel. The shipkeeper on board departed the vessel without injury. No pollution was reported.
95-year-old Laker S.T. Crapo to Be Scrapped
A nearly century-old vessel used as cement storage at the LaFargeHolcim terminal on the Fox River for the past 25 years is set to be scrapped.On Friday at sunrise, the S.T. Crapo began its journey under tow from the Port of Green Bay to be scrapped at Port Colborne, Ontario, Canada.Built in River Rouge, Mich., the S.T. Crapo was launched in 1927 as a self-unloading cement carrier operating on the Great Lakes, primarily carrying cement from Alpena, Mich.By the mid-1990s, the vessel was the last coal-fired freighter on the Great Lakes…