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Marine Log

JUNE 2008

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Larsen orders fourth semi at Jurong
$640 million contract for Friede & Goldman Ex-D ultra-deepwater semi for 2011 delivery

UASC places $1.51 billion boxship order with Samsung Heavy Industries
nine 13,100 TEU containerships for 2010-2011 deliveries

Jinhui orders post-Panamax duo
US$126.6 million 2010 delivery twofer

Naming ceremony for first ENSCO 8500 series semi
features make it well-suited for deepwater developmental drilling

Kerry bill targets cruise ship crime
would place some significant cost burdens on cruise lines

NOAA christens research vessel
Manta is agency's fifth Teknicraft Design catamaran built by All American Marine

North Florida Shipyards goes to court
accepts settlement after "shadow boat" ordered arrested in unpaid repair bill case

Commerce Department overturns Maryland objection to LNG terminal
but upholds Massachussetts on Weaver's Cove

India's ABG gets order for three ROV support vessels
$136.65 million order from U.K.'s Sealion Shipping

ACL gets easier revolver and puts $200 million on the shelf
makes financial moves to get resources, liquidity, and flexibility to pursue strategic initiatives and invest in fleet

GAO recommends more changes to Deepwater acquisition
Seeks tighter DHS rein on program and tighter USCGS rein on Northrop Grumman

Arlington Tankers prepares a poison pill
Announces shareholder rights plan

Lautenberg and Menendez introduce port security legislation
Seen as indicator of likely policy in a post-Bush administration

Frontline adds Suezmax capacity
Buys five, charters in five more

Still American, no longer Aker
Name change for company that owns and leases out the Jones Act tankers built at Aker Philadelphia

Marcon brokers crewboat sale
Mr. Jack heads for Panama

Maersk's 18-ship Hyundai order worth $1.6 billion
Hyundai discloses value of first 13 is $1.2 billion

OSG and Tesoro commit to clean fuel for newbuilds
Four from Philly will the first in U.S. with ABS environmental notation

Maersk orders 18 containerships at Hyundai
4,500 TEU ships for delivery in 2011 and 2012

Study: New York needs more dry docks
Port's growth means maritime services sector is booming

GAO says USCG patrol boat strategy is working
but making up for "lost" eight boats has its costs

Transocean to acquire newbuild drillship
Capital lease backed by 20 year Perobras drilling contract

Latvia orders SWATH patrol boats
Five 25 m Abeking & Rasmussen vessels

USCG to enforce non-tanker VRP requirement
Crackdown follows Cosco Busan spill

Philippines suspends ferry line's RO/RO operations
Action follows loss of Princess of Stars

Death toll in ferry tragedy could top 800
Sulpicio Lines say that 724 passengers and 121 crew members were aboard capsized ferry

Construction halt ordered at Hanjin Subic Bay shipyard
order follows third worker death in nine days

High lift rudders enhance pusher tug's steering
After six months experience, Shaver Transportation reports retrofitted rudders perform as predicted

Guilty plea in plastics pilings case
Former NYC engineer cops plea

Most governors still against coastal drilling
Florida's Crist may be only coastal state governor to reverse position

STX moves on rest of Aker Yards
tells bank to start by buying another 2 million to 9 million shares

Arlington Tankers weighs strategic alternatives
retains Jefferies to advise it

Veitch inks $10 million "no compete" agreement with Star Cruises
steps down as executive director to concentrate on NCL role

Clipper clipped for $4.75 million in oily waste case
will also fit new oily water separators and remote monitoring

Carnival beats analysts expectations
and Fitch confirms credit ratings

Aker Yards plans bond issues
Looks to raise up to $231 million

Calle Rotkirch takes helm at Grand Bahama Shipyard
Cruise ship repair specialist names Aker Yards veteran Chairman and CEO

Savannah Pilots pick Delta "T"
Delta "T" Systems ventilation systems are the choice for their engine rooms

Matt Rigdon moves up at Rigdon Marine
named manager sales and marketing

Giant ore carrier named Ship of the Year
Japan Society of Naval Architects and Ocean Engineers honors 320,000 dwt Brasil Maru

Now Bush makes plea to open up OCS
makes plea in Rose Garden energy policy speech

Multraship takes delivery of new ASD tug
delivered by Vega Shipyard in Bandirma, Turkey.

Aegean Marine Petroleum Network enters North American market
acquires Vancouver-based ICS Petroleum

Navios "blank check" company plans $220 million IPO
files registration statement with SEC

McCain sees the light on offshore drilling
proposes ending federal ban on offshore drilling in the eastern Gulf and Atlantic and Pacific coasts.

Samsung buys into Brazil yard
10 percent piece of Estaleiro Atlantico Sul

U.K. Minister wants to "put a price on carbon" for ships
Calls for international action via IMO

Technip and DOF Subsea win Petrobras pipelay vessel contract
First of kind ship under construction at Aker Promar

Clarkson PLC names Case CEO
has been serving as interim Chief Exec since ouster of Fulford-Smith

Daewoo awarded $669.3 million drillship order
customer believed to be Nobu Su's TMT

Todd Pacific gets icebreaker job
$6.3 million of PMA work on USCGS Polar Sea

Genco buys six bulker newbuilds
$530 million for three Capesizes and three Handysizes

Northrop Grumman names three shipbuilding VP's
Gulf Coast operations appointments

IMO GHG panel meets
carbon tax on bunkers a possible recommendation

Mixed news from Blystad FPSO venture
Nortech FPSO gets contract for East Fortune, but sells Suezmax sections for scrap

FSLT acquires second Yang Ming ship
Second of three in $210 million sale and leaseback deal

Record revenues for ASRY
Net ship repair sales of $164.4 million in 2007

Recent Navy contracts
American Competitiveness Institute lands $99,999,000 award, other contracts go to Electric Boat, Lockheed Martin Maritime Systems & Sensors. C&G Boat Works, Inc. and AMSEC, LLC

General Maritime unit indicted on pollution charge
says it will vigorously defend any charges resulting from 2007 Genmar Defiance incident

Senate looks at container security
Problems loom for 100 percent scanning deadline

P&O Ferries throws Aker Finnish yards a lifeline
LOI for two ferries day after talk of yard closures

Hose scam Brits get U.K. jail terms
Part of plea deal following Houston arrests

Craig Johnson named President of Faststream Recruitment, Inc.
Promotion after "year of huge growth"

France plans to take stake in Aker Yards France
signs accord with STX, Aker Yard board learns about it from the media

Delays plague TWIC card program
Eight out of ten machines used to produce cards sent back to manufacturer

India's ABG adds to order book
orders worth some $70 million for AHTS and research vessel

Jones Act rebuild rulings under fire
Coast Guard process slammed for lack of transparency

$100 million Navy contract for NASSCO
long-lead items for T-AKE 12

U.S. Shipping Partners seeks to renegotiate with lenders
Stock price plummets

OSG names Lois K. Zabrocky Senior VP
Kings Point grad "has transformed OSG's international flag product tanker business into a world class business"

WCO study points out problems with scan-every-box
U.S. legislation would require "pivotal and costly changes"

Pirates attack cattle carrier off Philippines
Vroon vessel damaged by frustrated would-be rustlers, but crew unharmed

Maersk takes Teekay's Swift Tankers stake
Teekay shifts focus from Intermediates to larger tankers

RAND: No piracy--terrorism link
but both are growing threats and U.S. policymakers aren't doing enough about them

Alaska fast ferry in dramatic rescue
Chenega crew members pluck boaters from icy water

Aker cuts stake in Aker American Shipping
says move is related to Jones Act restrictions

Danaos sells 30-year old box ship for $15.8 million
books $9.8 million profit on sale of former Safmarine Big White

OMSA alerts members on VSO rule change
Vessel Security Officers on STCW vessels require credential endorsement

Seadrill adds semi-tender to Singapore fling
Last week it was four jack-ups, this week it's a semi-tender

J. Ray McDermott in JV agreement for China FPSO fab facility
Signs agreement with CSIC subsidiary to establish McDermott Wuchuan in Qingdao

Horizon Lines names new Senior VP for Puerto Rico services
Jacob M. Wegrzyn to be Senior Vice President and General Manager of Puerto Rico services division.

Hornbeck Offshore may sell tug and tank barge business
Hires J.P. Morgan to review "strategic alternatives"

Indictment in marine pilings bribery case
Kick-backs alleged in NYC Intrepid pier reconstruction

K-Sea Transportation buys Roehrig tugs
pays $41.9 million cash for eight tugboats

Seadrill orders jack-up newbuilds
says $850 million newbuild program is better deal than increasing offer for Scorpion

LCS 1 lights off gas turbines
completes another testing milestone

Rigdon operations to remain New Orleans based after acquisition by GulfMark Offshore
Rigdon mariners and management will be key components of enhanced operation

Tidewater announces promotions
Four move up the corporate ladder

Fairstar's Fjord discharges Ice Maiden in Rotterdam
Weather concerns prevent discharge of future flotel at Newcastle

Maersk's Lindø yard to cut 250 jobs
"Serious financial situation" at yard that builds giant containerships

Murtha named Bateman Award winner
American Shipbuilding Association honors Chairman of the House Defense Appropriations Subcommittee

Bollinger delivers another to Bouchard
B. No. 233, the second of two double hull, 35,000 barrel oil tank barge units built to meet OPA 90 requirement

Maritime coalition reacts to European Court ruling
says decision leaves door open for other legal fora to rule on how the European pollution directive is to be interpreted

Aker Yards names new President and CEO
Torstein Dale Sjøtveit. hired from Hydro

European Court rules against Intertanko
EU directive imposing penalties for accidental pollution is valid

Yangzijiang Shipbuilding adds to order book
wins contracts worth over $514 million for 12 more ships

Keppel FELS to build second semi for QGOG
US$385 million repeat order

Strategic Marine to build crew boats on spec
six 40 m units at its Singapore shipyard, and two 52 m units at its new Mexican yard

Security Council gives go ahead for tougher action on pirates
Navies can enter Somali waters to repress piracy

Canadian shipowners seek end to ship import duty
say Canadian yards can't build ships they need competitively

ENSCO orders a semi and hires Mark Burns
ENSCO International has ordered a sixth ultra-deepwater semisubmersible and hired Mark Burns to be President of ENSCO Offshore International

ABS funds study at National Technical University of Athens
will study the impact of environmental protection on marine transportation, including shipbuilding.

OSG and Seaarland in Suezmax pool
eight ships now, three newbuilds to follow

MAN Diesel makes all engines Tier II compliant
relaunches portfolio at licensee meeting in Japan