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“T&T Marine cleanup operations were performed around the clock,” said Vice President Kevin Teichman. “We also supplied Incident Command System personnel and safety personnel to assist in monitoring the vast number of people working on the project.”

The Eagle Otome was carrying crude oil to a nearby refinery when the 807-ft oil tanker collided with one of two tank barges being pushed by a tugboat, creating a gash in a starboard compartment near the tanker’s bow and spilling 450,000 gallons into the water.

T&T Marine used 3,300-gpm fire pumps to decon- taminate the oil tanker and several other vessels. T&T

Marine also supplied personnel and five portable hy- draulic lightering systems to discharge recovered oil from a tank barge.

T&T Bisso also responded to the collision under the

U.S. Coast Guard’s Salvage and Marine Firefighting Re- quirements, Vessel Response Plans for Oil. T&T Bisso is an emergency response contractor that combines the resources of T&T Marine and Bisso Marine.

T&T BISSO mobilized a salvage master, other per- sonnel and equipment, including response vessels, portable fire pumps, lightering gear, salvage equipment and dive gear.

The company assisted in transferring the tank barge’s chemical cargo to another barge by providing lightering services and firefighting equipment as a precaution. www.tandtmarine.com

SMIT Reports Solid Result in

Turbulent Year

Smit reports that while it was indeed a turbulent year, the company overall can report solid results, namely a net profit of EUR 102.4 million vs. EUR 107.8 million a year earlier. “Despite the world wide recession, which off course also impacted our business, we continued to realize good financial results,” said Ben Vree, CEO. “This result, however, has been influenced by the set- tlement of the “Thunderhorse” project and a non-recur- ring tax benefit. During 2009 we noticed that the decline of the Harbor Towage market stabilized and at certain locations even improved slightly towards the end of the year.

Salvage remains unpredictable. The result was heavily influenced by the settlement of prior-year salvage jobs; as a result the Division performed well.”

Salvage Division

Salvage, wreck removal, environmental care and con- sultancy accounted for revenue of EUR 93.5 million vs.

EUR 116.7 million a year ealier.

The work load for the Division Salvage was below the historical average due to less casualties during 2009.

The profit for the year 2009, however, is at a very high level due to the settlement of prior year salvage cases which generated additional salvage income. The main settlement relates to the “Thunderhorse” project (Gulf of Mexico, 2005) with an impact of EUR 10 million on net profit.

Major projects in 2009 included: • “Full City”, Norway; • “Maria M”, Sweden; • “Xin Dong Guan”, Malaysia; • “Kiran”, South Africa; • “Pride Wyoming”, Gulf of Mexico; and • “Ice Prince”, UK.

Due to the settlement of prior year salvage cases work- ing capital has been reduced substantially.

The level of activity in this division is unpredictable.

SMIT targets complex projects in this market, projects in which SMIT can use its expertise to offer a great deal of added value, particularly in environmental care ac- tivities. The target is to maintain a market share of 25– 35%.

June 2010 www.marinelink.com 49