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MARINE LOG NEWS STORIES
OCTOBER 2008

 

Coast Guard crackdown on towing vessel crews and licenses
primary objective of Operation Big Tow is to ensure towing vessels are being operated by properly licensed individuals

Another $37.5 million for LCS-1
Lockheed Martin unit awarded Basic Ordering Agreement for Post-Shakedown Availability (PSA) on USS Freedom

Bollinger sells newbuild PSV's via online auction
Odyssea Marine Inc. is winning bidder

Carnival suspends 2009 dividends
$1.3 billion savings gives cruise giant flexibility to fund 2009 capacity growth without accessing credit markets

Bourbon AHTS crew members kidnapped
seized offshore Cameroon

ST Marine wins conversion order
ROV support/PSV to become geotechnical survey vessel

OSG reports best third quarter ever
Tanker giant "well placed to "face the challenges and opportunities the financial crisis throws our way," says Arntzen

Bender to sell Tampa Bay stake to Chouest
handover of facilities expected to take two months

Kirby reports another record quarter
net earnings grow despite impact of two hurricanes

Pirates seize Turkish owned bulk carrier, reports NATO
Many other attacks defeated in new upsurge of piracy attempts

$1.17 billion contract for Transocean newbuild drillship
Five year contract to start 2010

K-Sea reports results for first quarter FY2009
Coastwise tug barge operator reports lower operating income

Shanghai shipyard delivers first VLCC built to new rules
Shanghai Waigaoqiao Shipyard delivers very large crude carrier built to Common Structural Rules

Hawaii Superferry to delay deployment of second vessel
will look at short-term opportunities for use of the ship on its delivery in February 2009

Progress in negotiations to free Faina hostages
British firm said to be acting on behalf of shipowners

Royal Caribbean reports strong earnings, but weak recent bookings
cruise customers are delaying their further out purchase decisions

Economic downturn won't ease crew shortages
plea for continuation of recruitment and training programs

Northern Offshore cancels acquisition of two Transocean rigs
can't get acceptable terms from lenders

Heavy lift ship loses liftboat
goes overboard in mid Atlantic

Peter Georgiopoulos set to get $30 million
will stay as Chairman of new General Maritime after Arlington Tankers merger but step down as CEO and president

Tidewater reports increased earnings
releases second quarter results

Todd Pacific gets $3.9 million USCG award
icebreaker overhaul contract modification

Cruise Lines say they'll end fuel supplements
Set formulas tying rebates to price of crude

HSH Nordbank throws Lindenau-Werft a lifeline
Euro 28 million loan secures employment at Kiel yard

Horizon Line reports solid third quarter, but cuts earnings guidance
cites softening Puerto Rico and Hawaii economies

Hanwa named preferred bidder for Daewoo
Deal for 50.37 percent stake set to close before end of year

Northrop Grumman Shipbuilding in nuclear plant component JV
300,000 square-foot facility will be located next to Northrop Grumman Shipbuilding in Newport News, Va.

Guilty plea in Pier 86 pilings case
American Composite Timbers (ACT) pleads guilty to a one-count felony charge

Desgagnés ship to use Wärtsilä Low Loss Concept
First application in passenger vessel

Connecticut shipyard responds to OSHA allegations
Thames Shipyard says it will work diligently with OSHA to address any safety issues not already resolved

Pirates believe they can operate with impunity
IMB stats show 581 crew members held hostage in first nine months of the year

Seacor reports third quarter results
net income up

EC to Poland: Shipbuilding plan unacceptable
Commission suggests Poland take an "Olympic Airlines" approach

Kings Point has new Superintendent
Rear Admiral Allen Worley hired from Texas Maritime Academy

Drewry sees swing away from U.S. West Coast ports
trends favor East Coast and Gulf ports

Connecticut shipyard faces hefty OSHA fines
OSHA cites ongoing threats of electrocution, lacerations, amputations, fires, falls, chemical burns, hearing loss and crushing hazard

B+H in "Dutch Auction" share buy back
launches tender offer to purchase up to 600,000 shares of its common stock at a price per share not less than $4 and not greater than $5

GE Marine power for LHA 6
LM2500+ marine aeroderivative gas turbines to power new amphibious assault ship.

Blohm + Voss to drydock Celebrity Solstice
Largest German-built cruise liner to get "a few technical adjustments on the bow thrusters and stabilizers" prior to delivery

Drydocks World to take 60% stake in Chinese shipyard
joint venture with Singapore's Topniche Associates

Margin call forces Hornbeck COO to sell some stock
sold pursuant to an involuntary margin call effected by broker

Blackwater ship ready for antipiracy role
security firm offers 183-ft ex-NOAA vessel for Gulf of Aden escort work

Atwood won't exercise option at Jurong for further semi
with current two on track for 2011 and 2012, says it "will continue to consider value-enhancing growth opportunities when the times are right."

Bunge takes stake in Vietnam port
agribusiness giant takes 50 percent stake in only Panamax-capable commercial dry bulk port in Vietnam

MOL tests LNG-fueled shoreside power
power supplied to ship via bow thruster motor power cable

Foss strengthens global services team
Mike Lauer named manager of new business development and planning analysis, reports to VP of global services

EC pressures U.K. on maritime law
fails to transpose Euro measures into domestic law

KDB disqualifies POSCO bid for DSME
Hanwha Group and Hyundai Heavy Industries remain in bidding for control of world's No. 3 shipbuilder

Signal International to repair Hercules Offshore rigs
Hercules 78 and Hercules 201 set to arrive at Signal's East yard, Pascagoula

Somali pirates seize bulker
latest hijacking sees 2008-built bulker grabbed

Two year contract for Rowan Gorilla II
two-year commitment should begin in January 2009

Financing hitch for Aker Philly shuttle tankers
Yard changes building sequence of 12 tanker program

Stratos and Fugro Chance test Iridium OpenPort in Gulf of Mexico
Installed on M/V Betty Cheramie to transmit post-Ike damage assessments

Damen design picked for Ferry Dubai project
ten 100 PAX, 32 m cats for first phase

International Shipholding rertains Lazard
will advise board committee on Liberty offer and other options

Siemens awarded CODLAG frigate order
propulsion equipment and integrated automation and control systems fot German Navy F125 frigates

Dockwise wins $84 million Shtokman contract
covers transportation of topsides from Korea to Barents Sea and float-over installation

Washburn & Doughty starts rebuilding
Concrete poured for new building as work on vessels continues

OSG and Euronav get $500 million credit facility
Banks come up with funding for massive Maersk Oil Qatar FSO conversion project

Hamburg consortium to acquire Hapag-Lloyd
TUI AG sells container giant for 4.5 billion euros

St Kitts signs LRIT contract
Registry signs up with SecureWest and SARS Corp.

Gulf Island gets into vessel construction
expands Houma facilities and launches new subsidiary

IMO's MEPC moves to cut ship emissions
unanimously adopts amendments to the MARPOL Annex VI regulations

Plan to reopen Mare Island graving docks
California Dry Dock Solutions submits plan to City of Vallejo

Corps contract for Conrad
$19.9 million contract for acquisition of a 250 ft crane barge

NATO ships to join antipiracy efforts
will arrive off Somalia in about two weeks

NOAA sets speed limit to protect right whales
large ships must cut speeds to ten knots in areas where the whales feed and reproduce and along migratory routes

Cargotec offers spreader-mounted container scanning
performs gamma and neutron scanning during movement of the container in the normal ship-to-shore load/unload process

Marinette files protest on FRC award to Bollinger
New test for Coast Guard's acquisition reforms

Fireman's Fund offers green Hull & Machinery insurance
Covers repair of existing diesel with upgrade to new EPA requirements

CMA CGM (America) LLC names Safety, Security, and Environmental Officer
Appoints Mark Newcomb

Coast Guard professionalism recognized in BIMCO seafarer survey
95% of respondents say most recent inspection in U.S. professional and respectful

New Lloyd's war risk policy includes security team protection
Hart Security will provide on board security teams in Gulf of Aden as part of cover

Double pay for ship crews in pirate danger zone
ITF and shipowners reach agreement

K-Sea withdraws general partner IPO
cites current state of financial markets

KVH extends mini-VSAT coverage
to provide coverage in the Pacific Ocean via GE-23 satellite's North Pacific Ku-band beam

India to press head with shipbuilding expansion
Minister says revised subsidy scheme is in the works

MSC charters sail-assisted cargo ship
Beluga Skysails loads U.S. Army and U.S. Air Force cargo in Europe for return to the U.S.

Senseco faces hefty EPA penalty
EPA alleges shipbuilder breached air quality regs

Whistle blowers collect in STX Pan Ocean dumping case
Oil-contaminated grain dumped in Pacific

$15 million Ike clean-up contracts for Clough
Pipeline repair work for Normand Clipper

Coast Guard Commandant discusses Sentinel FRC acquisition
Gives background to landmark acquisition at Bollinger

Fifth Fleet releases Faina hostage photographs
Crew appear on deck of hijacked arms vessel for Navy to check health and welfare

New report on harmful impact of emissions from ships
Underscores need for action at London meeting of key IMO committee

Canal Boats delivers low wake cat ferry
Built for Bermuda resort customer

Indictments in pollution case
Feds charge owner, manager and Chief Engineer of Cyprus-flag chemical tanker

N.C. Ferry Division shipyard builds crane barge
Dock and ramp maintenance at ferry terminals will now be performed in-house

Offshore industry pioneer Edison Chouest dies at 91
started an empire with a single shrimp boat

Keppel books FSRU and FPSO conversions
Will convert LNG tanker to FSRU for Golar and VLCC to FPSO for SPM

Rowan Tarzan to go to work offshore Egypt
Rowan Companies has received a letter of intent from Shell Egypt for Tarzan Class newbuild plus a $30 million GoM commitment for the jack-up Gorilla IV

Kenya police arrest maritime official
was first to raise doubts about true destination of arms on hijacked ship

Shipping ex-execs plead guilty in Jones Act antitrust case
Feds say these are "first charges" in ongoing investigation

Shipowners face rising operating costs
Moore Stephens releases latest OpCost findings

Drilling ban dies
26 year old moratorium ends

Gunderson books big barge order
Ten heavy lift deck cargo barges for Crowley


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