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Wednesday, October 17, 2018

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…

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).