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Tuesday, October 15, 2019

Marine Services News

A bourbon offshore support vessel underway (File image: CREDIT Bourbon)

Bourbon Receives Takeover Offer

French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was impacted by volatile energy markets, said it had received a takeover offer for its assets."As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer," Bourbon said in a statement on Wednesday."This offer - made by a company owned by a group of French banks - concerns assets and activities of Bourbon Corpo

New Resolve Partners Chauncey Naylor (director of the Resolve  Academy), Stacy Payne (Resolve) and Glyn Day and Neil Cooper both with Fire Ranger.
The Large Fire Extinguisher is called Big Red. (Image: Resolve Marine)

Fire Ranger, Resolve Team Up on Fire Safety Training

Fire Ranger and Resolve Maritime Academy Announce Partnership Aligning Live-Action Training with State-of-the-Art Fire Safety Equipment and Services.September 2019, Fort Lauderdale FL, Fire Ranger, a leading supplier of fire safety equipment and services announce their alliance partnership with Resolve Maritime Academy to incorporate modern, state-of-the-art fire safety equipment and services as part of Resolve’s academy certification programs. The partnership is a “Win Win” for academy students who will earn United States Coast Guard (USCG)…

Gulf Marine Services Signs Banks Waiver

Offshore contractor Gulf Marine Services has signed a waiver agreement with banks relating to covenants to be tested with reference to the company’s half-year financial results in an agreement that will provide GMS with a rollover of its existing $25 million working capital facility. The agreement will also provide access to bonding facilities that will underpin liquidity and support the growth of its business.The company now has until this Monday, September 30, to complete the…

Photo courtesy: Cleancor Energy Solutions LLC.

Cleancor's LNG Supply Push Via Mississipi River

Cleancor Energy Solutions, a unit of the the marine services company SEACOR Holdings, launched a joint initiative with the logistics and barge transportation company SCF Marine to increase the use and supply of LNG and CNG natural gas throughout the Mississippi River system.SCF’s in-depth knowledge of the U.S. Inland Waterways and its strategically located ports, terminals, barge fleets, and existing customer relationships provide Cleancor with a robust platform from which to deploy modern and mobile LNG and CNG equipment.

© currahee_shutter / Adobe Stock

Aurelius Backs Ardent Buyout

Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding company of international marine and logistics services provider Crowley Maritime Corporation.The deal will see Ardent’s senior management team acquire a shareholding in the company. The financial terms of the deal have not been disclosed…

Pic: ENI

Boskalis Unit Scores Mozambique FLNG Gig

Dutch dredging company Royal Boskalis Westminster announced that its 50%-owned associate company Smit Lamnalco is contracted by Coral FLNG to provide marine services to the first Mozambique floating liquefied natural gas (FLNG) terminal.The 10-year contract with additional extension options marks the first terminal services contract award for the Mozambique offshore LNG developments.The contract value for Smit Lamnalco amounts to approximately USD 200 million and services will…

File image of a typical DP World terminal operation. CREDIT: DP World

DP World’s Topaz, P&O Merger Complete by Year-end

Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil services company Topaz in July with the intention of combining it with P&O Maritime as part of efforts to diversify beyond its core port operations to other marine-related sectors.The merged entity, to be known simply as P&O, will give Topaz…

The AHTS Bourbon Liberty 233 operating off Gabon. Courtesy: Photo of the Month by Bourbon Offshore

Bourbon Offshore Files for Reorganization

French offshore services giant Bourbon Corporation's existing liabilities amount to 900 million euros, or just over $1 billion, according to sources. It is is in serious danger of bankruptcy now that a group of creditors has demanded immediate payment of outstanding debt.The provider of wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms, said in a press note that  it has requested the suspension of its listing at the Euronext…

U.S. Offshore Wind: RMG, Bibby Sign MOU

As the prospects for offshore wind energy continue to grow in and around the United States, so too do the business potential and parnterships. The latest announcement comes from south Florida where Resolve Marine Group and Bibby Marine Services, a U.K. based dedicated “Walk to Work” vessel company (W2W) signed a Memorandum of Understanding (MOU) to  develop Jones Act compliant vessel solutions for the U.S. offshore wind sector. Resolve and Bibby will aim to partner with wind resource providers to deliver timely and innovative services in this sector.

Photo courtesy of Shipyard Kooiman

Titan LNG Christens FlexFueler001

Titan LNG held the christening event for the FlexFueler001 in collaboration with the Port of Amsterdam. This event marks the official commencement of safe, efficient and cost-effective inland waterway LNG bunkering in the ARA region.At the event in the Port of Amsterdam a mix of LNG enthusiasts gathered, including customers, business partners, and manufactures of the FlexFueler. Yvonne Brouwer, the partner of Niels den Nijs (CEO Titan LNG) performed the ceremony and broke the champagne bottle across the bow whilst wishing the vessel and the crew smooth sailings.At the moment…

Photo courtesy of Bludworth

Bludworth Marine Relocates HQ to Galveston

As of June 1, 2019, Bludworth Marine, LLC has relocated their corporate headquarters to Galveston, Texas. The new location, at 320 77th Street, is minutes from the Bludworth Marine 100' x 300' graving dock location and the Port of Galveston Pier 38 dockside location. This proximity will allow quicker response and service to the continually increasing marine repair service business in Galveston and surrounding areas. The new 3.5-acre site location also includes a 75' x 150' high bay fabrication shop with a 10-ton overhead crane…

Photo: Goltens

“Cautious Optimism” for Goltens Dubai

The global downturn in offshore energy is well recorded, a downturn which has had impact on various arms of the energy and marine supply chain. While Goltens has felt the downturn like many other companies, it is reporting 'cautious optimism' in the Middle East premised on new international regulation and the need for shipowners to upgrade ships.Almost all the offshore vessels in Dubai are operating, and many have come in from Asia to do the same, but following the offshore crash in 2016, operators are delaying maintenance.

Image: Bumi Armada

Bumi Armada Profit Up 28.5% in Q1

Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62.21 million ringgit ($14.86 million), compared with a 48.42 million in the same quarter a year ago, said a stock exchange announcement.However, its revenue fell by 18.1% to RM491.61mil from RM600.34mil a year ago. The compay…

File Image: Port of Los Angeles

One Dead, One Hurt in Los Angeles Port Accident

An industrial accident on Wednesday, May 15 at a Port of Los Angeles container terminal tragically took the life of an International Longshore and Warehouse Union (ILWU) worker and seriously injured a second worker. The incident occurred at approximately 7:25 a.m. at Fenix Marine Services at Pier 300. According to initial reports, an equipment accident involving a top loader container handler caused the death of one worker and injured the other. The injured worker was transported to Harbor UCLA Medical Center. The names of those involved in the accident are not yet available.

David Grzebinski, Kirby’s President and Chief Executive Officer

Kirby Posts 2019 Q1 Results

Kirby Corporation announced net earnings attributable to Kirby for the first quarter ended March 31, 2019 of $44.3 million, or $0.74 per share, compared with earnings of $32.5 million, or $0.54 per share, for the 2018 first quarter. Excluding certain one-time charges, 2018 first quarter net earnings attributable to Kirby were $37.9 million, or $0.63 per share. Consolidated revenues for the 2019 first quarter were $744.6 million compared with $741.7 million reported for the 2018 first quarter.David Grzebinski…

Jonathan Zier (Photo: Crowley)

Zier Joins Crowley Offshore Services

Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals, offshore wind power generation, and other projects requiring offshore or coastal equipment and expertise.Zier will report to Johan Sperling…

(From left) Captain Saadon Shukor, General Manager Marine Services Department, Johor Port Berhad, Shahrull Allam Shah Abdul Halim, CEO of Johor Port Berhad, Ezhar Yazid Jaafar, CEO of Petronas LNG Limited Sdn Bhd and Mohd Hanafi Jamal, General Manager, Fleet Management Department PETRONAS LNG Sdn Bhd, at the signing ceremony. Photo: Johor Port

Johor Port, Petronas LNG Sign Services Pact

Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…

A Caribbean-based Svitzer tugboat. CREDIT Svitzer

Svitzer Seals USVI Tugboat Deal

Svitzer Caribbean Dominicana has secured a 5-year contract with Limetree Bay Terminals due to commence on June 15th, 2019.The company expands its market coverage providing tugboat services to some of the key oil refineries and terminals in the region – South Riding Point Terminal in Bahamas, Nustar Terminal in Statia, Buckeye Terminal in St. Lucia and now Limetree Bay Terminals (Limetree) in St. Croix, US Virgin Islands.Svitzer Caribbean Dominicana is delighted to add this contract…

FuelTrax 'Vision' for SPO

Swire has installed FuelTrax Vision, a new onboard surveillance system.Swire Pacific Offshore, a marine services conglomerate and a leading service provider to the offshore oil and gas industry currently operates six vessels with FuelTrax on board, two of which have been installed with the latest FuelTrax Vision technology. The two FuelTrax Vision systems have been preforming without disruption since December 2018.FuelTrax is designed to be a smart, self-contained, marine fuel management solution…

Franco out as Harley Marine Services CEO

The Board of Directors of Harley Marine Services announced via press release that Harley Franco will no longer be serving as the company’s Chief Executive Officer. Matt Godden will remain as President of the Company. “Since the beginning of 2019, Harley Marine has made significant progress in ensuring its long-term stability as one of the nation’s leading marine transportation providers” said Godden. “Harley Marine is renowned for its track record in safety and operational capabilities and we intend to continue with this unparalleled commitment to quality.” According to Jon Foster…

Ravi Edirisinghe, Director/Chief Executive Officer - GAC Sri Lanka (Photo: GAC)

GAC Sri Lanka Taps Edirisinghe as Director

Business veteran Ravi Edirisinghe has been appointed Director/Chief Executive Officer of GAC Group of companies in Sri Lanka.He brings to his new role 27 years of knowledge and experience in strategic planning, business development and re-engineering, supply chain management, logistics and project management in diverse industries to this role. He is responsible for the strategic growth and business direction of the Group comprising GAC Shipping Ltd, GAC Marine Services Pvt Ltd and GAC Logistics Ltd.

Stuart Nicholls (Photo: Shoreham Port)

Shoreman Port Announces Changes in Board

Shoreham Port bid farewell to Stuart Nicholls, who has been on the Board for six years. Nicholls joined the Board in January 2013, with more than 25 years of experience in shipping and marine services. In 2016 Stuart chaired a new subcommittee of the Board – the Compliance Committee. His maritime and safety expertise made Nicholls the ideal candidate to lead this Committee and to question and challenge the Port’s safety culture.Replacing Nicholls, Shoreham Port welcomes Sir Alan Massey to the Board.

Photo: Port of Los Angeles

Port of Los Angeles Sets Monthly TEU Record

The Port of Los Angeles processed 952,554 Twenty-Foot Equivalent Units (TEUs) in October 2018, a 27.2 percent increase compared to October 2017. It was the most cargo handled in a single month in the Port’s 111-year history, eclipsing the November 2017 record of 924,225 TEUs.“During October, two of our container terminals – APM Terminals and Fenix Marine Services, formerly Eagle Marine – processed record container volumes while West Basin Container Terminals and Everport Terminal Services handled the biggest ships to ever call at those facilities…

Image: Horizon Maritime

Nordic American Offshore Shelves Horizon Maritime Combination

The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: "The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time."It added that a Nordic company (Nordic Canadian Shipping…

Photo: Fincantieri Bay Shipbuilding

Ship Repair: Fincantieri Bay Shipbuilding Delivers Major Conversion

Fincantieri Bay Shipbuilding has delivered the newly-converted barge Commander to Port City Marine Services (PCMS) of Muskegon, Michigan. The Commander is a 495 x 72-ft. freight barge that underwent extensive conversion, including the installation of new cargo holds, trunk deck and bow, and a new cargo unloading system. Combined with its tug, the vessel operates as an Articulated Tug Barge unit.Port City Marine Services is experienced in the management, conversion and operation…

Photo: Arctia Ltd.

Arctia’s Vessels Get PC3 Notation

Finnish state-owned company Arctia Oy said that its vessels MSV Fennica and MSV Nordica have now both received certificates of compliance with the IMO Polar Code. Both vessels now have a Polar Class 3 (PC3) class notation.According to the owner and operator of Finnish icebreaker fleet, they are among the very few in the world to have this high ice class notation.Arctia Offshore Ltd. is one of the first commercial operators to commit to stricter manning and training requirements…