Seatrade London

JULY 2003


Taylor takes Tidewater Chair
Tidewater Inc. (NYSE:TDW) announced that Dean E. Taylor has been elected as Chairman of its Board of Directors.

DD(X) passes critical milestone
The U.S. Navy's DD(X) next-generation destroyer program passed a critical milestone this month

Keppel Singmarine wins orders for tugs and AHTS
Two Keppel Offshore & Marine Ltd (Keppel O&M) Singapore yards have announced contracts worth a total of S$45 (US $25.7) million.

Bollinger yards make dustpan dredge deeper
Two Bollinger shipyards have teamed to increase the dredging depth of the Pine Bluff Sand and Gravel Co. dustpan dredge, WALLACE McGEORGE,

Coatings cooperation ends
International Paints and Nippon Paint have agreed to terminate their marine coatings association.

LR reports on MEPC meeting
The 49th session of the IMO's Marine Environment Committee (MEPC 49) was held from July 14 to 18, 2003. Lloyd's Register has just issued a "Classification News" summary of what went on at this important meeting.

USCG proposes mandatory ballast water management
Federal Register notice of proposed rulemaking outlines a mandatory national ballast water management program for all vessels equipped with ballast water tank

Strike impacts Manitowoc Marine results
The Manitowoc Company, reports second quarter marine sales were down 23 percent

PGS files for Chapter 11
Seismic vessel and FPSO operator Petroleum Geo-Services ASA says it has voluntarily filed a petition for protection under Chapter 11 of the United States Bankruptcy Code

Jones Act under legislative attack
Maritime Cabotage Task Force opposes measure introduced by Hawaii congressman

Korean shipbuilding orders surge
Orders won by South Korean yards surged to 7.81 million compensated gross tons (CGT) in the first half of this year, more than double the orders received in the same period last year

RCL reports second quarter results
"Post war recovery turning out better than anticipated"

RTMC delivers eye-catching tour boat
65 ft, 125 passenger boat handles high speeds and rough water

Chinese yards poised to increase market share
A new report finds that Chinese shipbuilding capacity has been greatly underestimated

Piracy surges says IMB
Piracy against the world's shipping surged in the first half of this year, with a record 234 attacks reported and violence against seafarers escalating

Navy orders fuel barges
$6.9 million order for Oregon yard

USCG considers new Inmarsat service
Fleet 55 under evaluation.

Austal demonstrates its diversity
Vessel portfolio covers a broad spectrum

IMO moves towards accelerated single hull phase out
But will EU accommodate to any IMO changes to its proposals?

S/S Norway out of service until 2004
Long lead time for replacement boiler manufacture

Price of maritime security
Maritime security measures will require an initial investment by ship operators of at least $1.3 billion says an OECD report.

NASSCO awarded fourth T-AKE
$287,607,091 fixed-price-incentive modification under previously awarded contract.

Cianbro eyes cruise ship market
Maine construction company "in hot pursuit" of S.S. United States refurbishment

LCS contracts awarded
Navy awards three preliminary design contracts

Art Anderson wins ferry design contract
Art Anderson Associates has won a contract to develop the prototype vessel and docking system for a fast passenger-only ferry service between locations in Kitsap County and Seattle, Washington.

Gaughan heads for Iraq
John A. Gaughan, Vice President of Government Affairs of the American Maritime Congress (AMC) and U.S. Maritime Administrator during the Reagan Administration, has been appointed by the U.S. Department of Defense as the Principal Maritime Advisor to the Iraq Ministry of Transportation and Communications.

Seabulk announce $150 million senior note offering
Private placment to be made

K-Sea Transportation files IPO
Staten Island, N.Y.-based K-Sea Transportation Partners LLP has filed a prospectus with the SEC for an initial public offering of common units.

Stakeholders celebrate start of Austal cat construction
Key stakeholders involved in the landmark project to build a 192ft high-speed ferry for Milwaukee-based Lake Express LLC attended a recent ceremony to celebrate the start of the vessel's construction at the Austal USA

Thrust bearing problem forces cruise cancellation
Celebrity Cruises is canceling its July 22 cruise on Millennium to replace a thrust-bearing unit in the ship's port propulsion system.

Warning on high sulfur fuels
Despite pending sulfur caps on fuel in some regions, high sulfur fuel can crop up elsewhere, leading to headaches in selecting the correct lube oil

Raj leaves VTH
Anil Raj has resigned as president and chief operating officer of VT Halter Marine.

Philippines yard wins 47 m RoPax order
FBMA Babcock Marine, Cebu, Philippines, has commenced construction of a 47 m RoPax catamaran ferry for Sea Lease Limited of Hong Kong.

O'Neil calls for "realistic" approach in MEPC tanker debate
Opening the 49th meeting of IMO's Marine Environment Protection Committee, Secretary-General William O'Neil urged a realistic and pragmatic approach to consideration of proposals to amend MARPOL convention.

Concordia orders P-Max products tankers
Stena Group's Concordia Maritime has confirmed orders for four P-MAX medium range (MR) products carriers to be built at the Brodosplit Shipyard in Croatia.

SENESCO gives NOAA ship major overhaul
After a recent overhaul at SENESCO, NOAA's 1962-built Albatross IV is , preparing to head back out to sea for another 5-7 years of ocean exploration.

KPSI's first christening
New Matson containership Manukai christened in Philadelphia ceremony

RFP set for July 17 issuance

EU "post-Prestige" proposals high on MEPC agenda
EU demands for faster phase outs of single hulled tankers are part of a busy agenda at next week's meeting of IMO's Marine Environmental Protection Committee

Blount poised to resume shipbuilding
Luther Blount is poised to resume control of his shipbuilding operation

Sectional barge business aquired
The business of Rendrag Leasing Corp has been acquired by Rendrag Equipment Co. LLC--whose president and COO is Tim Colton and whose VP sales & Marketing is Trey LeBlanc.

Confinement structure to seal Prestige wreck
Repsol YPF has awarded Seal Engineering SA, a wholly-owned affiliate of Technip-Coflexip, a basic engineering contract for the fabrication and installation of a confinement structure for the Prestige

Tidewater announces debt issuance
Tidewater Inc. has completed the issuance and funding of $300,000,000 of senior unsecured notes.

New RI fast ferry hits another snag
Damage after encounter with hurricane barrier

Dr. Bill Moore joins American Club
Will take charge of P&I club's technical, safety and loss prevention activities.

MARAD issues cruise statistics
Major cruise lines carried 11 percent more passengers from U.S. ports in the first quarter of 2003 than they did in the first quarter of 2002

Hornbeck buys deepwater OSVs
Hornbeck Offshore Services, Inc. has acquired five 220-foot class deepwater offshore supply vessels and their related business from Candy Marine Investment Corporation, an affiliate of Candy Fleet Corporation

Gaz de France plans LNG from Alstom
Gaz de France has signed a letter of intent for a 153,000 cu. m LNG tanker

DOT IG comments on Lake Express Title XI application
First hints of how tougher Title XI process may work

Lack of funds could threaten port security
American ports will move swiftly to ensure that they meet a January 1, 2004 deadline to submit security plans to the U.S. Coast Guard. But actually implementing the plans may be another matter ...

LR to class RN destroyers
Lloyd's Register has won its first contract to classify front rank naval combatants

More orders for MAN B&W 12K98ME-C
German shipowner NVA has placed an order for four 12K98ME-C engines--each delivering an output of 68,510 kW (93,120 bhp)

Spain to ask EC to withdraw ABS approval
The Spanish Government has announced its intention to seek withdrawal of European Commission recognition of ABS as an approved classification society. ABS says it is "outraged."

Bollinger delivers SEACOR MADISON
Bollinger Shipyards, Inc., Lockport, La., has delivered the SEACOR MADISON, the first of three 207-foot, 4,750 BHP supply boats to Seacor Marine, Inc., Houston, T

Lockheed Martin on DD(X) National Team
With the signing of a $175 million subcontract with Raytheon, the lead systems integrator, Lockheed Martin has formally joined the DD(X) National Team .

GAO report identifies Title XI weaknesses.
In a report published June 30, the GAO (General Accounting Office) identifies weaknesses in the management of the Title XI Loan Guarantee Program.

New Maritime Security Regulations
Here's the text of the Department of Homeland Security press release relating to the new maritime security regulations published today:

DNV issues first International Ship Security Certificate
Bergesen LNG vessel is first certified under new IMO security legislation