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Thursday, May 23, 2019

Hercules News

USCG Restores Radio Communications Along NC Coast

U.S. Coast Guard Sector North Carolina has restored radio communication capability Friday.Repairs were completed at approximately 4 a.m. after communications went down Thursday evening, leaving the Coast Guard unable to monitor radio traffic offshoreThe Coast Guard said HC-130 Hercules airplane had been launched Thursday night to monitor communications in the area on a temporary basis.

Pic: Tsakos Energy Navigation

TEN's 15-Vessel Newbuilding Program Nearing Completion

Greece-based Tsakos Energy Navigation (TEN) said that its 15-vessel newbuilding program is nearing completion with the final three aframax tankers expected to be delivered in the coming months. In the second half of the year, with all vessels delivered and 77% of the fleet on full utilization contracts, TEN's industrial shipping strategy will be at full throttle. In line with the programmed deliveries, in January 2017 the VLCC Hercules I was delivered from Hyundai Heavy Industries in South Korea and was subsequently chartered for a period of up to 18 months.

Photo: Tsakos Energy Navigation

TEN Strengthens Vessel Base

Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties. These came on the back of nine vessels that were delivered or acquired in 2016 and will be followed in 2017 by the last four, of nine, aframaxes that were built against long-term employment to a Norwegian oil major. With the delivery of these remaining high-end aframaxes…

Coast Guard and partner agencies rescued five people Saturday from a capsized vessel Photo USCG

Five Rescued from Capsized Boat off Carolina Beach, NC

Coast Guard and partner agencies rescued five people Saturday from a capsized vessel about three miles off the coast of Carolina Beach. Sector North Carolina watchstanders in Wilmington received a mayday call at approximately 7:30 a.m. requesting help. -A C-130 Hercules aircraft crew and MH-60 Jayhawk Helicopter crew from Air Station Elizabeth City. -A 45-foot Response Boat-Medium (RBM) crew from Station Wrightsville Beach. -A 29-foot Response Boat-Small (RBS) crew from Station Oak Island. -16-foot skiff from Kure Beach Fire and Rescue.

Courtesy USCG

Man Medevaced 90 miles East of Jacksonville

The U.S. Coast Guard medevaced a man Thursday who sustained a head injury 90-miles east of Jacksonville. A Coast Guard Air Station Savannah MH-65 Dolphin helicopter crew medevaced the 33-year-old man from the vessel Eagle Texas. Coast Guard Sector Jacksonville command center watchstanders were notified Wednesday of a crew member who fell into a cargo hold and sustained a head injury. Watchstanders launched an MH-65 crew and conducted the medevac at 6:52 p.m. The man was transported to UF Health Jacksonville hospital.

Courtesy USCG

Ailing Cruise Passenger Medevaced 200 miles off VA Coast

The Coast Guard medevaced an ailing cruise ship passenger Saturday approximately 200 miles off the Virginia coast. Watchstanders in the 5th District Command Center in Portsmouth received notification at about 5:05 a.m. that a 19-year-old female passenger was experiencing severe stomach pain about 400 miles off the North Carolina coast aboard the 1,069-foot cruise ship Norwegian Breakaway, en route to New York City. Command Center watchstanders instructed the Norwegian Breakaway to change course in order to meet a helicopter crew for a medevac.

A Coast Guard Air Station MH-60 Jayhawk helicopter crew lowers the aviation survival technician to a cargo ship to medevac an ailing mariner. The mariner was suffering from pneumonia and respiratory complications. U.S Coast

Long Range Medevac Conducted 230 mi South of Cold Bay, Alaska

A Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew medevaced an ailing mariner off the Matson cargo vessel Maunawili approximately 230 miles south of Cold Bay, Alaska, Thursday. The Jayhawk crew hoisted the 20-year-old man and transported him to an awaiting Guardian Flight in Cold Bay where he was flown to Anchorage for medical care. Watchstanders at Coast Guard 17th District received notification from Seattle Health Force Partners Wednesday night that a Maine Maritime Academy cadet aboard the 712-foot Maunawili was suffering from pneumonia and respiratory complications.

©2016 USPS

Postal Stamp Celebrates Maritime History

The U.S. Postal Service has previewed a new stamp highlighting California’s San Francisco Maritime Historical Park with a photograph of an iconic three-masted sailing ship. The stamp is the 14th of 16 new Forever Stamps to be revealed over a three-week period to celebrate the National Park Service’s 100th anniversary. The stamp image is a portion of a photograph by Tim Campbell, showing the square-rigger Balclutha. Just visible to the right of the deep waterman/salmon packet sailing vessel is the 1907 steam tugboat Hercules.

Fijian dignitaries and troops have formally farewelled Australian Defence Force personnel who have provided humanitarian support and undertaken disaster relief work following Tropical Cyclone Winston

Fiji farewells Australian Defence Force

Fijian dignitaries and troops have formally farewelled Australian Defence Force personnel who have provided humanitarian support and undertaken disaster relief work following Tropical Cyclone Winston. For almost two months ADF personnel have delivered critical aid supplies to the people of Fiji and helped to repair schools, community centres and hospitals. Over the next week around 200 Defence members will return to Australia. The Task Force Commander for Operation FIJI ASSIST 16, Lieutenant Colonel Scott Hill said the farewell event underlines the close relationship shared by the two nations.

Fishing Crew Rescued After Engine Fire

A crew of 36 fishermen was rescued Sunday from a Papua New Guinean ship after an engine fire left the fishing vessel disabled roughly 200 miles off Tokelau, a territory of New Zealand in the South Pacific. The rescue was coordinated by the Rescue Coordination Centre New Zealand (RCCNZ), with assistance from the U.S. Coast Guard as well as another nearby fishing vessel. Search and Rescue Mission Coordinator, Mike Roberts, said the one-year-old Papua New Guinea registered Glory Pacific No.8 activated its emergency beacon  after an engine room fire disabled the ship 210 miles NNE of Tokelau…

A Royal Canadian Air Force CH-146 Griffon helicopter taxis past a U.S. Coast Guard Air Station Traverse City MH-65D Dolphin helicopter after joint training operations

USCG, RCAF to Conduct Joint Training

The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning Tuesday in and around the Traverse City area. The Royal Canadian Air Force's 424th Transport and Rescue Squadron based at CFB Trenton, Ontario, will be flying a CC-130 Hercules aircraft and a CH-146 Griffon helicopter during the search-and-rescue exercises taking place from October 13 to October 15th. U.S. Coast Guard…

US Coast Guard Medevacs Injured Fisherman

A 46-year-old man is receiving treatment in Oahu after being medevaced from Midway Atoll, Saturday, the U.S. Coast Guard reported. A Coast Guard airplane crew flew more than 1,300 miles from Oahu to Midway to medevac the injured crewmember after watchstanders at the Coast Guard Joint Rescue Command Center Honolulu received a request from the Chinese-flagged fishing vessel Kiafuhao. The duty Coast Guard flight surgeon was briefed and recommended a medevac based on the patient’s condition. The Hercules crew launched from Air Station Barbers Point at 6 a.m. Saturday.

Search for Containership Crewman Suspended

The search for a crew member missing from a containership between Bayonne, N.J. and Ocean City, Md. was suspended, the U.S. Coast Guard reported. The crew member was last reported aboard the 600-foot, Marshall Islands flagged freight ship Ibrahim Dede after departing Bayonne. The crew discovered the man was missing while the ship was in transit to its next port, notifying Coast Guard watchstanders at Sector Hampton Roads at approximately 4:30 p.m. Tuesday. A Coast Guard Station New York 45-Foot Response Boat crew…

Image: Hercules Offshore Inc.

Hercules Offshore to Begin Restructuring

The Houston-based NASDAQ-listed drilling contractor Hercules Offshore Inc. (HERO) has entered a restructuring agreement with a noteholder group, and expects a prepackaged reorganization plan. HERO says the agreement will convert $1.2B of debt to new common equity, and noteholders will backstop $450M of new debt financing to fully fund the remaining construction cost of the Hercules Highlander and provide additional liquidity to fund the company's operations. HERO's existing equity holders will see their stake reduced to 3.1%. John T.

Asian Lift. Photo by Keppel Offshore & Marine

Asian Lift Adds Fifth Sheerlegs

Asian Lift, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Smit Singapore, a member of the Boskalis group of companies, celebrates the naming of Asian Hercules III, which is the largest and most versatile heavy-lift sheerlegs of its kind in the world. The self-propelled floating sheerlegs can perform single lifts of up to 5,000 tonnes and carry out tandem lifts exceeding 5,000 tonnes with multiple cranes. Measuring 106m long and 52m wide with a hook height of at least 120m…

Coast Guard photo by Lt. Jude Coatello

Coast Guard Drops Medical Supplies to Injured Crew

A U.S. Coast Guard (USCG) aircrew dropped medical supplies to a Colombian fishing vessel 900 miles northwest of Galapagos Island, Sunday, the USCG informs. At approximately 10 p.m., Saturday, Coast Guard 11th District watchstanders received a call from personnel aboard the fishing vessel Sea Gem, a Colombian-flagged purse seiner, requesting medical supplies for two injured crewmembers aboard. The operator of the vessel reported they were conducting routine fishing operations in air and on water when their helicopter’s cabin caught on fire.

CindyTaylor

Taylor to Chair NOIA Board

The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC. Since 2007, Cindy has served as President and Chief Executive Officer of Oil States International, Inc., a publicly traded diversified oilfield services company headquartered in Houston. She also serves on the company’s board of directors, and has been NOIA’s Vice Chair for the 2014 -2015 term.

Photo courtesy of Survivex

Survivex Secures Hercules Offshore Contract

Survivex has signed a contract with Hercules Offshore for the provision of a fully outsourced Training Management Service (TMS). The contract, estimated to be worth in excess of $747,500 annually, is the first to be secured by the newly established Survivex TMS department. The long-term agreement will commence immediately as Hercules prepares for operations within the North Sea. The TMS team will be responsible for producing a comprehensive training matrix, identifying skills gaps and creating individual training plans for Hercules employees.

Japanese Student Overboard in the Pacific

U.S. Coast Guard (USCG) search operations continue for a student reported overboard from a Japanese training vessel approximately 70 miles southwest of Kauai, Tuesday. USCG said its watchstanders at the Coast Guard Sector Honolulu Command Center were notified at 9:56 a.m., regarding a 17-year-old male Japanese national who was reported overboard from the 208-foot Japanese training vessel Hokuho Maru during transit from Honolulu to Japan. The man was last seen at approximately 2:50 a.m., and was reported missing after he did not show up for muster.

Sailing vessel sinks

5 Rescued from Sinking Vessel off Monterey Coast

Coast Guard rescued five people from a sinking 65-foot sailing vessel approximately 120 miles off the Monterey coast, Saturday. At approximately 8 a.m. Saturday, the 11th Coast Guard District Command Center received a distress signal from a personal locator beacon. A C17 transport aircraft under Oakland Center Control, flying at approximately 5,000 feet, visually identified the sailing vessel in the vicinity of the alert location and confirmed that the sailing vessel Flyin’ Hawaiian was taking on water.

USCG Search for Man Overboard

The Coast Guard is searching for the master of a freight ship reported overboard approximately 60 miles east of Wake Island Sunday. Watchstanders at the Coast Guard Joint Rescue Coordination Center were notified at approximately 6 p.m. Saturday, regarding a 49-year-old male Polish national who was reported overboard from the 622-foot freight ship Toscana. The master was last seen at approximately 8 p.m. Friday. Twelve hours passed before the ship realized the crewmember was missing.

The crews of the Coast Guard Cutter Alex Haley and Republic of Korea vessel Sam-Bong conduct a search in the Bering Sea near Chukotka, Russia, as a Republic of Korea Navy P-3 Orion airplane flies overhead

USCG Provides SAR Planning Support to Korea

Coast Guard search and rescue crews were relieved by Republic of Korea assets on Saturday in their search for 26 crewmembers from the fishing vessel 501 Oryong that capsized Nov. 30, 2014, near Chukotka, Russia, in the Bering Sea. The Coast Guard completed more than 24 searches covering more than 4,576 square miles utilizing two cutters, two helicopters, and multiple airplanes. Coast Guard crews will continue to partner with the Republic of Korea to provide search and rescue planning support.

USCG rescuing 62-year-old

USCG Medevacs Man From Sailboat off NC Coast

The Coast Guard medevaced an injured 62-year-old man from his sailboat Thursday approximately 100 miles east of Kill Devil Hills. Watchstanders at the Fifth Coast Guard District command center in Portsmouth, Virginia, received notification at approximately 8:30 p.m. Wednesday from the International Emergency Response Coordination Center, reporting they received a distress message from the sailboat Austina. The report stated the boat operator fell, injured his hip and was in need of medical assistance.

Coast Guard

USCG Medevacs Woman From Cruise Ship Off NC Coast

The Coast Guard medevaced a 71-year-old woman suffering from abdominal pain Saturday from a cruise ship approximately 50 miles east of Cape Hatteras, North Carolina. Crewmembers aboard the Norwegian Breakaway, a 1,069-foot cruise ship, contacted Coast Guard watchstanders at approximately 8:45 a.m., notifying them a woman was in need of medical attention aboard the ship. Command center watchstanders dispatched crews aboard an MH-60 Jawhawk helicopter and an HC-130 Hercules airplane from Coast Guard Air Station Elizabeth City, North Carolina, to assist.

Energy Sector Volatility Affects Middle Market M&A Activity

Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S. offshore energy industry deal flow and market movements as they relate to oil prices over time, and highlight some recent middle market transactions.

Coast Guard Station Maui at Māʻalaea,

USCG Rescues Mariner from Boat Near Maui

A man is safe after being rescued from a disabled boat approximately 46 miles southwest of Kahoolawe, Maui, Saturday. At 10:15 a.m., watchstanders at the Coast Guard Sector Honolulu command center received notification from a friend of the vessel’s operator reporting that the 19-foot boat was disabled. The mariner contacted his friend using a cell phone. An approximate position was determined using information form the cell phone call. An HC-130 Hercules airplane crew and the 378-foot Coast Guard Cutter Rush were diverted to search.