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Wednesday, January 16, 2019

MORE CONFUSING SIGNALS

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on September 2, 2009

“Confusion--it's such a terrible shame. Having, in finest superyacht industry tradition, run over my budgeted word count last week – Value Added Tax on superyachts is such a fascinating topic - today I will attempt to be “frugal,” another word absent conspicuously from the superyacht lexicon.

Consolidation Not Seen In Offshore Services Sector – Yet

Posted to Gulf Coast Maritime (by Matt Gresham) on September 1, 2009

When prices and demand is low, people naturally look to cut costs and better position themselves for better days ahead. The trend was realized among big oil and the result was recent record profits and spending budgets. Today, the domestic energy…

“New Carissa” response plan requirements proposed

Posted to Maritime Musings (by Dennis Bryant) on September 1, 2009

The US Coast Guard recently issued its formal proposal to require larger nontank vessels to have detailed oil spill response plans. The original Oil Pollution Act of 1990 (OPA 90) had only required such plans of tank vessels, since it was developed…

Pigging for friendship

Posted to On the waterfront (by Emma-Jane Batey) on September 1, 2009

The European subsea industry created a much-needed moment of bonding recently when a pigging job gave an opportunity to boost relations on a project that’s endured technical, environmental and third party issues during its lengthy construction.

Now a Portal for coastal shipping

Posted to Now a Portal for coastal shipping (by Joseph Fonseca) on August 31, 2009

From the growing number of web portals the Indian maritime industry is witnessing in recent months it is evident that such portals besides being a boon for the trade are well set to bring about a dramatic transformation in the way transactions…

Signs of a Shake Up on the trans-Pacific Lanes

Posted to Martin Rushmere (by Martin Rushmere) on August 31, 2009

Hoots of derision erupted when 14 trans-Pacific lines plying the Asia to US lane suggested a $250/teu rate increase from August 10. Traffic was through the floor and heading for the basement (Los Angeles/Long Beach down 20 percent) and vessels…

VATMAN COMETH

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on August 31, 2009

There seemed to be quite some panic last week among those who sort out VAT for superyachts, certainly those associated with the UK, when a tax notice entitled “Yacht Business Brief from UK”  circulated by email and marked “URGENT” popped up in their inboxes.

Litigiousness Offshore

Posted to Workboat Watch (by Matt Gresham) on August 28, 2009

First, Happy 150 Birthday to the modern oil industry – it was Aug. 27, 1859 that the first commercial oil well in the United States struck black gold in rural Pennsylvania. Terrebonne Parish, which is located about an hour south of New Orleans on the coastline…

Progress on ballast water management

Posted to Maritime Musings (by Dennis Bryant) on August 28, 2009

Ballast water management has been in disarray for years. But now, the possibility exists of a political and bureaucratic breakthrough. The risk of introduction of nonindigenous aquatic species into new waterbodies by means of the discharge of ballast water has been recognized for years.

The Unions Call the Shots on the West Coast

Posted to Martin Rushmere (by Martin Rushmere) on August 27, 2009

The invisible elephant in the room in West Coast merchant shipping continues to be the International Longshoreman and Warehouse dockworkers union. Every six years, at labor contract time, the elephant gets bigger while the terminal operators and carrier lines – the employers – get more timid.

Federal Stimulus Money Boosts Ferry Ops

Posted to Ferry Business (by Wes Starratt) on August 27, 2009

Federal “stimulus money” and other funding on the federal, state, and local levels is making it possible for the Golden Gate Bridge, Highway and Transportation District (GGB District) to complete a  $40-million refurbishing and re-powering program for its fleet of seven ferries.

New direct service links Europe, India and the Middle East

Posted to On the waterfront (by Emma-Jane Batey) on August 27, 2009

Global shipping group Maersk Line’s ships and bulk carriers are already a common sight in ports across the world. The company has recently announced plans for a new direct shipping service to link key locations in the Indian sub-continent and the Middle East to Europe…

C-MAR Group opens DP training Centre in Mumbai

Posted to C-MAR Group opens DP training Centre in Mumbai (by Joseph Fonseca) on August 26, 2009

The growing demand in the offshore sector for Dynamic Positioning operators has encouraged yet another player to set up a DP Training Center in Mumbai. The global marine and energy services firm, C-MAR launched their first training center in Mumbai today.

"DEVONPORT" IS REBORN

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on August 26, 2009

It’s official. “Devonport” is to be reborn. Although when its  96-metre “Project 55” puts to sea next year Babcock International ’s  Devonport Royal Dockyard (“DRD”) www.devonport.co.ukwill  soon be out of the business of building superyachts altogether…

Mixing business and pleasure at the Cannes Boat Show

Posted to On the waterfront (by Emma-Jane Batey) on August 25, 2009

The glamour of the south of France is set to reach new heights in September as the Cannes International Boat and Yacht Show comes to town. Europe’s leading in-water exhibition brings a unique flavour to the expanding luxury pleasure boat sector…

What is the Arctic Sea?

Posted to Maritime Musings (by Dennis Bryant) on August 25, 2009

What is the Arctic Sea? a.  A once-frozen body of water surrounding the North Pole. b.  A nondescript Maltese-flag timber carrier. c.  The scene of a half-baked extortion scheme. d.  All of the above. Just when we thought the romance and mystery…

Equity firm partners with Louisiana Shipyard

Posted to Gulf Coast Maritime (by Matt Gresham) on August 24, 2009

Galliano, La.-based Grand Isle Shipyard Inc. partnered recently with a Salt Lake City, Utah equity firm to help the offshore service company expand its market share in the Gulf of Mexico region. Huntsman Gay Global Capital, a middle-market private equity firm…

Marad Tackles the Suisun Bay Reserve Fleet

Posted to Martin Rushmere (by Martin Rushmere) on August 24, 2009

The Maritime Administration is shifting its cumbersome bureaucratic attention to the environmentally sensitive Suisun Bay mothball fleet, in the San Francisco Bay. . First up is the Andrew Higgins, a fleet oiler, which is destined to become part of the Chilean navy. (This is not some rust bucket.

SOME THINGS NEVER CHANGE

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on August 24, 2009

What a difference a year makes, even in the previously unassailable superyacht industry. As the world’s superyacht boat show calendar (September - April) gets set to begin next month, it’s a more subdued industry – well, in some places. In most of the long established shows…

Is Gas Dead?

Posted to LNG (by Shane Shea) on July 8, 2009

The June 26 edition of the Wall Street Journal reports that ExxonMobil is poised to start three additional Liquefied Natural Gas projects in Qatar this year, producing more than three billion cubic feet per day of natural gas for freezing and transport…