How will the American Recovery and Reinvestment Act affect your area of the marine industry?

Directly and positively
Maybe marginally
No effect at all
It may actually be damaging

MARCH 2009


Crowley Maritime set for flurry of deliveries to fleet
heavy-lift barge from Gunderson leads the parade

Conrad Industries reports best year ever
but braces for tougher times ahead

Oberstar legislation seeks new Great Lakes icebreaker
would authorize $153 million for Mackinaw sister ship

Most powerful offshore vessel yet
FAR SAMSON develops a bollard pull of 423 t

U.S. and Canada seek super ECA
230-mile buffer zone around the coastline would provide air quality benefits as far inland as Kansas

StealthGas arrests ships after charterer defaults
and delays newbuilding deliveries

DryShips auditors have "going concern" reservations
but Economou says company remains "ahead of curve"

Hawaii ship repairer could face EPA sanctions
Marisco ordered to comply with Clean Water Act requirements

Obama picks Ray Mabus for Secretary of the Navy
announces intent to nominate former Mississippi Governor

Columbia Coastal resumes Portland-New York service
weekly marine highway service will use 450 TEU barge

LeTourneau to supply kits for two Petrobras jack-ups
$185 million order for the rig kit, rig design and drilling equipment for two LeTourneau Super 116E rigs

V. Ships slams Hebei Two accusations by Korean Register chief
responds to accusations made in "regrettable article"

Giant X-bow completes first Gulf of Mexico job
Eidesvik's Viking Poisedon has started eight year contract with Veolia ES

Standard & Poor's cuts cruise giants' ratings
Carnival, Royal Caribbean ratings each lowered by one notch

Trico Marine to put Sveaas nominees on ballot
offshore service provider's largest shareholder makes progress in wrangle with board

Two more tanker hijackings
NATO reports two Somali pirate hijackings and three unsuccessful attacks within 24 hours

Casino cruise operator files for Chapter 11
North Florida Shipyards and Canaveral Port Authority among unsecured creditors

Trailer Bridge reports fourth quarter loss
Charges include $830,000 compensation to departing CEO

GAC launches ship lay-up service
offers lay-up locations world wide

DryShips posts $1 billion fourth quarter loss
dragged down by $700,000 Ocean Rig goodwill impairment

Cummins stays focused on USCG acquisition reform
introduces bill to institutionalize improvements that followed Deepwater problems

FreeSeas gets bank covenant waivers
three banks agree to waive any potential breach of market-value-to-loan covenants

Teekay LNG plans public offering
will use proceeds to pay off a revolving credit facility

Golden Ocean set to unveil restructuring proposal
Board says it hopes to present plan this month

Carnival first quarter income up
but cruise giant scales back earnings guidance for full year

ThyssenKrupp to sell Greek shipyard
Athens considering new national plan for entire Greek shipyard industry

Navy awards LCS contract to Lockheed Martin
isn't saying what it's paying

Siem and Kleven agree two AHTS cancelations
cite subcontractor woes and general market turmoil

Car carrier escapes pirates
sustains damage, but no crew injuries reported

Detyens to repair two USCG cutters
will address areas of significant deterioration in the hull structures of Gallatin and Dallas

Liberia registers 3,000th vessel
Fleet still growing despite global economic downturn

NAVSEA studying cut in LCS speed requirement?
Looking to trim cost of Littoral Combat Ship

OSG reportedly removes ATBs from Bender
Tim Colton says they're already at VT Halter Marine, Pascagoula

U.S. Navy vessels collide in Strait of Hormuz
Nuclear submarine USS Hartford (SSN 768) and USS New Orleans (LPD 18) involved

Barge tow takes out Biloxi bridge span
No injuries reported

Pirates hijack Greek-owned bulker
First successful ship seizure since February 22

Construction set to start on Chouest LaShip shipyard
Port to advertise for 400 ft x 160 ft dry dock

Lease sale attracts $703 million in high bids
Sharply down on last year

Ocean Rig semi to work in Black Sea
$630 million, three-year assignment for Petrobras

Superferry looks beyond Hawaii
CEO says company is going to have to go out and find other employment for Alakai, for now

UN: ending piracy requires restoring order to Somalia
Secretary General reports to Security Council

UN: ending piracy requires restoring order to Somalia
Secretary General reports to Security Council

C&G Boatworks gets $17.6 million Navy award
to build two Yard Patrol Training Craft

Excel delays earnings release
negotiating waivers of financial covenants

Richardson Devine delivers Incat Crowther workboat
proven catamaran hull form customized for work boat role

Rolls-Royce opens new marine service centers
one in Galveston, the other in Seattle

MTU names head of government affairs
and wins contract to power JHSV

Superferry announces employee layoffs
will start releasing employees May 20

Barge fleet grows
Latest Barge Fleet Profile report shows 1,076 units added to U.S. inland barge fleet

Hawaii Superferry suspends operations
State Supreme Court says law permitting operation during environmenal review is unconstitutional

New repair yard for Houma
Performance Energy Services LLC to develop five acres at the Port of Terrebonne as topside deck and marine repair yard

Fraser Shipyards gets $3.7 million state grant
hopes to follow it with $10 million small shipyard grant from Marad

BAE Systems gets Port Royal repair award
$9,982,999 modification to previously awarded contract

Genmar unit fined $1 million in pollution case
must rehire whistleblowers if they reapply for employment

Sveaas in new attempt to gain Trico board seats
says current board is using Jones Act as poison pill

Keppel FELS earns early delivery bonus
jackup delivered 20 days ahead of schedule, within budget and without incidents

Maersk Tankers eyes CO2 transportation
could transport "captured" CO2 for undersea storage

Teekay in FLNG project
plans to convert SPB LNG vessel for floating liquefaction near Kitimat, B.C.

Halifax Shipyard to build OSV
will be used on Encana Deep Panuke contract by sister Irving company, Atlantic Towing

BAE Norfolk gets $12.75 million Navy contract
work on USS Cole

Seadrill's latest delivery headed for Brazil
Samsung delivers sixth generation high spec deepwater semi-submersible drilling unit

Seajacks takes delivery of harsh environment liftboat
Headed for Halifax

Navy to try cut carrier total to ten?
Lexington Institute says proposal will be made in upcoming QDR

Recovery of sunken rig begins
MSU Galveston and ENCO cooperate to recover jack-up that went missing after Ike

ThyssenKrupp yards stop work on containerships
Banks won't come up with the financing

LCS costs and delays come under fire
Calls for competition to be widened through Build-to-Print strategy

Reefer operator to pay $1.4 million in pollution case
Whistle blowers collect $375,000

Navy contract for Atlantic Marine Mayport
Work on USS Philippine Sea (CG 58) worth up to $42.4 million with options

Coast Guard releases Cosco Busan investigation findings
Cites multiple failures by pilot--and master

OSV orders canceled as Karmsund Marine Services files for bankruptcy
Solstad and Lewek each cancel deals and seek return of deposits

DNV project promises safer navigation in ice areas
provides real-time information on the bridge

Trico Marine won't allow Sveaas nominees on Board
would breach Jones Act restrictions

Chief engineer pleads guilty in pollution case
Could get six year prison sentence

Chinese vessels hassle Navy survey ship
Probably didn't want new submarines listened in on

Tanker takes a tilt off Texas
Thought to have struck submerged jack-up missing since Ike

Kenya to try more pirate suspects
U.S. and Germany both hand over Somalis detained in counterpiracy operations

Port Royal repair bill could be $40 million
Navy completes majority of its damage assessment of cruiser that grounded off Hawaii

Cosco Busan pilot in plea deal
Cota faces up to ten months in prison and up to $30,000 fine

Interferry gets into it at IMO
acting on two major environmental and safety initiatives

Newfoundland to decommission vintage ferry
refit of Inch Arran would have cost $2 million, four times original estimate

Choppy seas for Golden Ocean
restructuring will likely mean new equity injection

Blount delivers ferry
M/V Southside is designed to carry 149 passengers and 18 autos on half-mile run

BV works on fuel cell guidelines
participates in fuel cell powered tug project

Marad readies port grant criteria
Stimulus funding for port infrastructure investments and projects that connect ports to other modes of transportation

Commandant delivers State of the Coast Guard Address
USCG releases transcript and videos of the address and the Q&A session that followed

Zim replaces CEO
Danieli steps up as Goder steps down citing "differences" over scale-back plans

Panama Canal lock bids received
price offers under seal in vault as technical proposals are evaluated

German Navy detains nine pirate suspects
seized day after U.S. turns another nine over to Puntland

DryShips reports on S&P woes
one sale at half price, another scrubbed, a third headed for arbitration

OSG trims ATB order at Bender
being reduced from six units to two

Navy puts more money into Marinette LCS
but it's not revealing how much

Mathilde Maersk--last big ship from Lindø?
Maersk Group yard now looking to build smaller vessels

Global Industry Alliance to tackle ballast water management problems
Looks to come up with practical solutions as convention deadline looms

Navy runs short of surface ship maintenance funds
Virginia Ship Repair Association says FY2009 shortfall is about $407 million

Marad announces deadline for small shipyard grant applications
Must be filed by April 20

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