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Sunday, June 17, 2018

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…

Canada: A $43B Opportunity

Posted to Shipbuilding (by Gregory Trauthwein) on July 1, 2009

Below is the text from a column set to appear in the July 2009 edition of Maritime Reporter & Engineering News which disucsses the growing shipbuilding opportunities in Canada. The Author, Peter Cairns, is head of the Shipbuilding Association…

MAC Questions Cosco Busan

Posted to For Mariners (by Roberto Foster) on June 30, 2009

Questions that were not asked the right way, or weren't asked at all, caused in ambiguity on the bridge of the containership Cosco Busan and contributed to the vessel making contact with the San Francisco-Oakland Bay Bridge in fog. It is one…

GOM Lease Sale Nets $690M in Bids

Posted to Offshore Oil & Gas (by Gregory Trauthwein) on June 29, 2009

Good news, particularly of the financial variety, is not always easy to find these days. For those serving the maritime industry, some degree of solace can be be found in the offshore oil and gas markets, which continue to drive new business despite a global financial crisis.

GOM Lease Sale News $690M in Bids

Posted to Offshore Oil & Gas (by Gregory Trauthwein) on June 29, 2009

Good news, particularly of the financial variety, is not always easy to find these days. For those serving the maritime industry, some degree of solace can be be found in the offshore oil and gas markets, which continue to drive new business despite a global financial crisis.

Energy Policy - China vs. the US

Posted to Energy (by Shane Shea) on June 29, 2009

The events of recent months have exposed the differing approaches to energy as practiced by China and the United States (US). China has lent Brazilian oil giant Petrobras $10 billion to further its offshore exploration work in return for a flow of oil equaling 160,000 barrels per day (b/d).

Mid-term Outlook Glum

Posted to Marine Finance (by Shane Shea) on June 25, 2009

Just back from a day at Marine Money Week in New York, and as expected the overall tone was generally depressed. Talks of megadeals from years past were relegated to tips for survival, and the do's and don'ts of laying up ships in long and short term storage.

WCI Touts Stimulus Funding

Posted to Inland Waterways (by Gregory Trauthwein) on June 24, 2009

The Waterways Council (WCI) (www.waterwayscouncil.org) hosted a lunch in today to update the media on WCI initiatives for the coming year. WCI, which is made of nearly 250 companies which do business on the U.S. inland waterways, continues…

China Plows Ahead

Posted to Shipbuilding (by Gregory Trauthwein) on June 23, 2009

Conventional wisdom of supply and demand would dictate that when demand is low -- or in the case for new ships, nonexistent -- supply would shrink accordingly. China appears to continue to buck common economic philosophy, as it announced plans to build a massive ship construction facility…

Maritime Recovery: When and Where?

Posted to Maritime Economics (by Gregory Trauthwein) on June 23, 2009

Though there are signs of economic recovery, the reality remains that the maritime industry is in for a tumultuous mid-term future, as a record orderbook of ships and boats enter an already beaten down market. Talk last week in Oslo at NorShipping 2009 centered not on if…

Can $80 Oil Trigger a New Recession?

Posted to Energy (by Shane Shea) on June 22, 2009

I read an interesting research note from UK's Douglas-Westwood which contends that $80/barrel oil will trigger another recession. According to the research note, Saudi Oil Minister al-Naimi warned that under-investment in oil capacity may lead to a return to $150/barrel oil, “or even worse”.

Underwater Port Security: Minimize the Threat

Posted to Maritime Security (by Roberto Foster) on June 22, 2009

"New Advances in Sonar Diver Detection Systems: The Hidden Threat Facing Military and Civilian Ports" is a new White Paper available online, a white paper outlining tech advances in sonar technologies and how they can protect military and civilian ports and visiting ships from enemy divers.

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…