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Marine Log

APRIL 2008

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Stena orders further drill ship at Samsung
Samsung announces $942million order

Swiber sets its sight on Thailand
EPCIC MOU with Thailand's CUEL follows order from Nucoastal for SPM buoy

MAN Diesel Korean licensee marks a milestone
Doosan Engine cumulative engine production reaches the 50 million BHP mark.

Shell inks MOU with AMO to add U.S. officers to LNG fleet
Signing ceremony at MarAd

Egyptian shipowner fined $7.2 million in pollution case
Plea agreement includes four years probation

Desgagnés orders newbuild in Croatia
Deltamarin designs new 95.10 m Passenger/Vehicle/Container Vessel

OSG reports strong first quarter
Net income up 33 percent

Minerals Management Service approves plans for GoM FPSO
Cascade-Chinook FPSO will be first in U.S. Gulf

Bollinger Shipyards wins SCA safety award
Boysie" Bollinger, Bollinger Shipyards' Chairman and CEO accepts the award on behalf of all of the workers at Bollinger

The Coast Guard Authorization Act explained
Winston & Strawn advisory highlights key elements of a bill the Administration dislikes

Senate panel passes MARPOL Annex VI implementation measure
U.S. still playing catch up on air emissions

Subsea 7 goes to Merwede for pipeplay vessel
Delivery slated for 2010

Frontline orders VLCC newbuilds in China
Four 320,000 dwt units plus two options

Security team fires warning shots
Small boats come to close to U.S.-chartered RO/RO

Austal Tasmania launches ferry for Macau
First launch at yard since acquisition by Austal

Seabulk Trader loses Jones Act trading rights
Adding an inner hull in China breached Jones Act second proviso

Marad announces $9.8 million in shipyard grants
19 yards benefit from new Assistance to Small Shipyards program

House defies Bush on Coast Guard Act--sort of
passes $8.4 billion Act by a veto-proof 395 to 7, but with amendment modifying LNG security requirements

Shares of DryShips fall on news of drillship orders
Economou spells out vision for U.S. listed ultra deepwater drilling company

OCV has five Voith Schneider Propellers
also has Voith Roll Stabilization

Petrobras awards BW Offshore LOI for Tupi FPSO
FPSO will be turret moored in water depths of up to 2,500 meters

Louis buys two NCL cruise ships from Star
To purchase Norwegian Dream and Norwegian Majesty for $218 million and $162 million respectively

Kirby Corporation has another record quarter
Consolidated revenues for Q1 2008 first quarter reach $330.6 million

AHTS drydockings nibble at Seacor earnings
repair costs and days out of service impact first quarter results

Bush threatens to veto Coast Guard Authorization Act
Doesn't like LNG security provision

Pride International reacts to Seadrill stock purchase
Loosens lid of "Poison Pill" bottle

Yantai Raffles Shipyard christens giant crane
20,000 tonnes lift capacity

Cosco Busan pilot hit with new charges
Lied about meds, say Feds

NSRP announces new research projects
$18 million investment in improving U.S. shipbuilding efficiency

Dryships to make mandatory offer for Ocean Rig
Economou hints at future spin off

NYK says tanker holed in attack
crew members discover 20 mm hole, several kiloliters of fuel oil leaked

MAIB publishes report on MSC Napoli structural failure
Several other containerships in need of remedial action

Austal wins another patrol boat order
Six for Trinidad and Tobago

Transocean President and COO steps down
John A. Marshall announces retirement

Unions move to block Zimbabwe arms shipment
but weapons for Mugabe regime could be transferred at sea

Spain sends frigate to aid hijacked tuna vessel
... and NKY VLCC escapes pirate attack

Eitzen Chemical sells newbuild quartet
Takes $12.5 million profit on four 13,000 dwt coated tankers

National Security Cutter completes acceptance trials
called a "very capable platform with great potential for future service"

Danny Hunley named Newport News VP of operations
Started Newport News career in 1974

Feds raid shipping company offices
Investigation of Puerto Rico trade pricing practices

Flotel conversion switched to Tyne
Ice Maiden 1 to be taken from U.S. to A&P Tyne on heavy lift ship

Rowan warns on Q1 earnings
cites prep time for overseas assigments and manufacturing delays

Fredriksen now largest TUI shareholder
will continue to press for board changes

U.S. ownership of OSG stock hits Jones Act minimum
obstacle to any increase in Fredriksen holding?

Dubai completes Aker H-6e hull
Semisubmersible hull now under tow to Norway

Economou takes 49 percent stake in Heidmar
Morgan Stanley keeps 49 percent and management buys two percent

BAE Norfolk Ship Repair gets $33.7 million Navy award
more work on USS Wasp (LHD-1)

LHD-8 problems hit Northrop Grumman earnings
expects to record a pre-tax charge to 2008 first quarter earnings of $320 to $360 million

Peter Georgiopoulos launches Green Maritime Partners
private equity fund targets environmentally sustainable investments in the maritime and clean energy sectors

IMO's Mitropoulous endorses French anti-piracy proposals
IMO Secretary General meets with French officials in London

India's L&T unveils plans for $750 million shipyard complex
inks joint venture agreement with Tamil Nadu Industrial Devlopment Corporation

ODIM books contract for robotic anchor handling system
first commercial sale of new generation of remotely operated systems

USCG eases security guard requirement
New port security advisory

Beedle named AMHS Deputy Commissioner
Has worked on every ferry in the system's fleet

Waterways Council seeks next President/CEO
R. Barry Palmer to step down at year's end

USCG Great Lakes cutters still breaking ice
second toughest ice season on the Great Lakes in 11 years

$453 million Navy contract for Newport News
USS Enterprise extended drydocking

RN told pirates could seek U.K. asylum
Foreign Office tells Navy not to detain pirates

Seadrill wins $4.1 billion Petrobras award
18 rig years for three newbuild deepwater units

Crowley Maritime buys Jensen Maritime Consultants
Seattle naval architecture and marine engineering firm will remain an independent company

Six Le Ponant pirates captured
French special forces in daring helicopter swoop

New York Governor blocks Broadwater floating LNG plant
Not consistent with New York coastal zone management plan

Le Ponant hostages released
French government announces peaceful resolution of incident

Global to build second $250 million derrick/pipelay vessel
capable of operating in water depths to 10,000 ft and handling up to 60 inch concrete coated pipe

Two VP appointments at Newport News
Ken Mahler named VP of Navy programs and Jim Hughes VP of aircraft carrier overhauls and fleet support

Bollinger delivers third barge to Hornbeck
60,000 bbl, 362 ft D/H unit

ABS and Russian Register to develop Arctic LNG rules
announcement in St. Petersburg

Tidewater eyes Superior Offshore assets
says Reuters report

Aker Yards Germany cuts steel for giant RoPax
first of two for Stena

MacGregor buys GoM offshore crane specialist
agrees to acquire Slidell-headquartered PCS

COSCO Shipyard Group books two, loses one
and will quote future contracts in yuan

InterMoor leases space at Fourchon to Halo
facility will have three million pound, 220 ft load test bed

Royal Caribbean appoints VP of Newbuildings
Hires Christer Schoug from Stena RoRo

Rolls-Royce to design polar research vessel
contract from Norwegian Institute of Marine Research

INTERTANKO welcomes (and explains) MEPC 57 package
tanker owners group welcomes agreement on emissions and provides summary of its main points

COO out as ACL warns on Q1 EPS
Profits hit by fuel costs and weak dollar's impact on commodity imports

USCG responds to cruise ship engine room fire
Passengers unloaded after Queen of West is beached

Japanese shipbuilding integration picks up pace
JFE Holdings and IHI set up joint committee

Scorpion gets LOI for $72 million jackup contract
and in discussions on employment for next rig from Brownsville

Wartsila signs up Chinese licensee for RT-flex
CME will focus on engines of 50 cm cylinder bore and smaller

Eight Japanese-owned LNG ships to fly Marshall Islands flag
first will register this month, says IRI

Yantai Raffles Shipyard net profits surge
Kicks off 2008 with US$1.8 billion orderbook

Seaspan to offer 7 million shares
box ship owner's plans for proceeds include vessel acquisitions

China delivers first LNG ship
...with the cooperation of Aker Yards

New HHI shipyard fully booked
yet to be started Gunsan yard has orderbook worth $1.3 billion

Paris makes contact with Le Ponant pirates
crew reportedly "safe and sound"

IMO committee reaches agreement on emissions reduction
aims for progressive reduction in SOx

Ingram Barge acquires assets of Capital Fleet
Baton Rouge operation will be renamed Ingram Capital Fleet

Somali pirates seize French cruise ship
No passengers on board

PACSHIP fined $1.7 million in pollution cases
must also pay $400,000 community service payment and serve four years probation

MAN Diesel power for giant floating crane
A heavy-lift floating crane from Shanghai Zhenhua Port Machinery Co Ltd (ZPMC) with a 4,400 ton lifting capacity will be powered by seven MAN Diesel 9L32/40 GenSets

Seaspan announces $253.3 million in debt financing
fully underwritten by Sumitomo Mitsui Banking Corporation

Ocean Rig gets a new CEO
David Mullen joins from Transocean

Aker Kvaerner gets a new name
Now it's Aker Solutions

EC prods EU member states on maritime directives
Brussels issues a flurry of "reasoned opinions" on various maritime matters

Standard & Poors lowers its ratings on RCL
Cites cruise line's aggressive, partially debt-financed fleet expansion strategy

Washington State Ferries to rebid 50-car ferry
Rejects $26 million sole bid from Todd Pacific Shipyards

LCS: A new RFP and a RAND study
as the Navy tries to get the Littoral Combat Ship back on track, RAND looks at how to get the most from it

Seajacks gets extension on liftboat options
two under-construction units remain on schedule

Tidewater Holdings buys Foss Maritime upriver equipment
includes two tugboats and 20 barges

Northrop Grumman names three more shipbuilding VP's
and two of them are former Newport News execs

New England Fast Ferry takes over SeaStreak
continues Atlantic Highlands to Manhattan commuter service

American Club issues Mississippi level alert
Warns against loading vessels deeper

SSY Capital completes bulker financing
109 sq m protected in two week operation

SPS Overlay protects dredge side shell
$88 million deal "despite the credit crunch"

BIW to build blocks for LPD 17
Subcontract will see units for amphibious transport dock ship barged to Pascagoula

Carnival to refund $40 million fuel charges
Reaches agreement with Florida Attorney General

Natchan World set for sea trials
Second 112 m Incat for Japanese owner

Rowan to sell LeTourneau
responds to pressure from investment group

Noble inks $4 billion MOU with Petrobras
includes paid shipyard time for upgrades on three drillships

HHI patents new shipbuilding method
keeps incomplete ships in place when dry dock is flooded <