Long 2001 Articles
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Maritime Reporter
on July 2001The owner of a small inland tug company has no choice but to come in to the office every Saturday morning to update his fleet and load locations for his customers; he can't reliably update his crew with change orders as the tugs frequently travel in rural areas with no cell phone coverage. O
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on July 2001When Iridium, the $5 billion satellite company, fell into bankruptcy on March 18 2000, it went down as one of the costliy- est corporate ficiscoes of all time. More than one year later, Iridium is back in business, though under completely new ownership. Iridium raised a few eyebrows and
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- Owners... Start Counting The Cash page: 29
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Maritime Reporter
on July 2001The much anticipated turnaround in the Gulf of Mexico Oil Patch is happening, and the companies that supply boats and services in the area are feeling the impact. Consolidation has touched every facet of the marine business — every facet of business — for nearly a decade. Following the economi
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- Local Yards Start To Feel The Impact page: 26
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Maritime Reporter
on July 2001The U.S. Gulf of Mexico region is again poised to prosper, spurred by the buzz of activity surrounding the oil patch, and specifically the renewed vigor with which companies will explore and develop deepwater fields for the production of natural resources. Though the resumption of business at
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Maritime Reporter
on July 2001A stagnant economy, threat of overcapacity and canceled cruises due to repairs and late deliveries have conspired to slow the hyper-growth cruise industry has enjoyed for the past decade. Even last year's new Millennium, which hurst onto the cruise scene with its new gas turbine propulsion, had
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- Hybrid Powering for Boxships page: 8
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Maritime Reporter
on July 2001A convincing economic argument fuels the liner shipping sector's adoption of unprecedented capacity ratings, with a new level soon to be reached in impending projects for newbuilds in the 9,000-TEU category, and technical work set in train for ships in the 10.000- 12,500 TEU category. Experts
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- Piracy Hits New Heights page: 95
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Maritime Reporter
on June 2001Pirate attacks rose 57 percent in 2000, and were nearly four and a half times higher when compared with 1991 according to a report by the ICC's International Maritime Bureau (1MB). In its annual Piracy and Armed Robbery Against Ships report for 2000, the 1MB — a division of the Paris-based Inte
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- An Artistic Interpretation page: 84
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Maritime Reporter
on June 2001In the distance, storm clouds drop their torrent upon the sea as the ship breaks through heavy seas. The number on her bow — 85 — disappears and reappears with each crest of the waves. Suddenly above the Arleigh Burke-class guided missile destroyer, as if it had traveled through a time portal,
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Maritime Reporter
on June 2001In 2000, freight rates turned out at a significantly higher level than during the previous year. On an average basis, tripcharter rates for Capesizes (150,000 dwt) more than doubled to $17,600/day, while rates for modern Panamaxes increased from $7,500 to $11,100/day. For Handymaxes, tripcharte
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Maritime Reporter
on June 2001Marine industry operations will grow and develop with highly trained workers as a result of the expansion and upgrade of the Full Mission Ship Simulator used by the Texas Maritime Academy. The improvements were made possible by a $250,000 grant to Texas A&M University at Galveston by Houston E
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- Tests Prove CLT Prop Characteristics page: 67
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Maritime Reporter
on June 2001The CLT propeller recently underwent real-world testing, which proved, according to its designer and manufacturer that the propeller can help to reduce or eliminate hull-induced vibrations and noise levels. Independent studies were conducted aboard Superfast Levante, which demonstrated that: th
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- New Launching Platform For Navy page: 63
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on June 2001The Navy has entered a new era of ship construction in Bath, Maine. The introduction of an innovative construction and launching platform brings some of the most modern warship building methods in the world to Bath Iron Works and the Naval Sea Systems Command (NAVSEA). May 5 marked the first
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on June 2001Outstanding creativity in science and engineering were recently honored by a U.S. congressman and senior Navy officials. Keynote speaker U.S. Rep. Roscoe G. Bartlett (MD-6) joined Naval Surface Warfare Center commander Rear Admiral Michael Mathis, in a ceremony recognizing Navy civilian empl
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Maritime Reporter
on June 2001The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I a
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- Greasing the Skids page: 56
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Maritime Reporter
on June 2001Record gas prices, OPEC solidarity and a U.S. administration doling out incentives for exploration and production all add up to good news for those companies conducting business in or profiting from the offshore market. There is little doubt that the international offshore market, led by the G
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on June 2001The U.S. will become more dependent on tanker-borne petroleum imports in coming years, coinciding with a ship shortage, that will push freight costs sharply higher, energy and tanker analysts said. "Products imports are playing a bigger swing role in the U.S. than ever before," Paul Horsnell
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- Shipbuilding Prices Firm Up page: 48
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Maritime Reporter
on June 2001International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities. R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 p
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on June 2001Ultra-deepwater plays in the Gulf of Mexico offer vast potential for oil and gas production. There are now more than 1,650 active leases in the Gulf of Mexico in water depths exceeding 5,000 ft. and, with 24 drill rigs capable of drilling at this depth now working in the Gulf, activity on the
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Maritime Reporter
on June 2001The first of Austal's Auto Express 101 ferries is scheduled to debut this month for Spanish operator, Euroferrys, across the Strait of Gibraltar. The 331 ft. (101 m) Euroferrys Pacifica is the largest of Austal's flagship Auto Express car ferries ever built, and is also reported to be the larg
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Maritime Reporter
on June 2001The Maritime Institute of Technology and Graduate Studies (MITAGS), of Linthicum Heights, Md., has awarded STN Atlas a contract to upgrade one of MITAGS' full mission simulation systems. The new system will be installed by STN Atlas at MITAGS in October 2001, and will employ the latest genera