Page 31: of Maritime Reporter Magazine (July 2001)

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BBTrngilMI exico Report quarter, or nearly double that of year- ago levels. In West Africa dayrates aver- aged $6,325, and in Southeast Asia they averaged $5,347, 19 and 33 percent gains respectively.

The company currently operates a cumulative fleet of 207 vessels in its off- shore, tanker and towing business lines.

Tidewater, another of the area's major vessel-owning players, announced 4Q (ending March 31, 2001) net earnings of $29.3 million on revenues of $174.5 million. By comparison, net earnings in the quarter immediately preceding were $22.3 million on revenues of $159.1 million, and last year's 4Q earnings were $19 million on revenues of $139.6 mil- lion. For the year ended March 31, 2001, net earnings were $86.1 million on revenues of $616.7 million, versus net earnings of $76.6 million on rev- enues of $574 million for the year previ- ous. The company owns and operates 570 vessels, the world's largest fleet of vessels serving the global offshore ener- gy industry. Galliano, La.-based Edison

Chouest Offshore (ECO) has announced plans to continue its newbuilding pro- gram, which has already produced more than 50 new generation offshore vessels servicing the deepwater oil and gas industry. The company is adding six 260-ft. (79.2-m) deepwater supply ves- sels, a pair of 165-ft. (50.3-m) fast sup- ply vessels, and the conversion of an existing vessel into the larges offshore supply vessel on the U.S. march, and the construction of the largest anchor-han- dling vessel in the world. The company's affiliate shipyards will perform all con- struction and conversion, with the first 260-ft. deepwater supply vessel deliv- ered in January, and the two 165-footers expected in 2001.

North American Shipbuilding is con- verting the Margaret B. Chouest — the largest vessel in the fleet at 320 ft. (97.5 m) — into the largest offshore supply vessel in the U.S. market. It was built in 1995 as a container/cargo vessel.

The recordbreaker of the newbuild will is the construction of the 347-ft. (105.7 m) long, 6,500-dwt anchor han- dling vessel. The vessel will be equipped with the largest winch system ever installed on an anchor handling vessel in the world, producing a 600-ton pull. The vessel will offer an installed power rating of 30,000 hp and will be capable of operating in depths up to 12,000 ft.

Privately owned Crowley Maritime

Corporation, based in Oakland, Calif., has embarked on two new business opportunities. Based on its long service and commitment to the oil industry —

Energy Logistics and Project Manage- ment services group both based in Hous- ton, TX, will incorporate all of Crow- ley's expertise in servicing the needs of

Energy Operators. Crowley's Energy

Logistics group assists customers in the set-up and operation of their logistics during various stages of their E&P pro- gram. This could range from supporting a 1 to 2 well exploration drilling effort or a larger field development program; to supervision of crude offloading and marine transportation. Current cus- tomers include majors such as BP and

Repsol, independents including Pres- ence and CGX, and contractors such as

Heerema, R&B Falcon (TransOcean) and Noble. Crowley's Energy Support

Services is designed to address chal- lenges inherent in today's energy indus- try, including: • Exploration and Production (E&P) that is taking place in increasingly remote areas with limited access to infrastructure • The economic challenge from increasing field development costs and volatile petroleum product prices.

The Preferred

Connection

Marlow Ropes, an approved ISO 9001 ^Wljiany, is recognised as one of the world leaders in synthetic •. g, rope design and production. Extensive research into

I fibres Jtfid constructions has resulted in products g the exacting demands of mooring, towjng hore exploration applications.

Our extensive range of high performance fibre ropes are available in a size range up to 40"circumference.

Constructions available include 8 and 12 strand,

Doublebraid and Superline circularbraid.

To find out more about products such as our Steelite uhmpe range and our TQ12 roundline range, contact our head office directly or alternatively our US distributors: CWC (West Coast), Atlantic Cordage (East

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All offshore exploration enquires please contact direct.

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July, 2001 www.maritimetoday.com 31

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