I tend to be a glass half full kind of guy, as even in the worst of times there tends to lie opportunity. I would not be remiss in saying there are more than a handful in the shipping community that could label conditions today “the worst of times” – simply put, as the global economy struggles to regain solid footing some companies find themselves in economic peril. But as history tells, the business world is filled with peaks and valleys, and generally it is the long-term, quality players that not only survive the downturns, but generally emerge even stronger.
In attending a fair share of conferences and technical symposia throughout the year for the better part of 20 years (including the always top notch CMA Shipping exhibition in Stamford last month) a common lament from the ship owning community is the perception that “regulation” is killing the business. While it is true that there is a seeming endless onslaught of new rules which dictate the manner in which ships are outfitted and operated – ultimately tapping the bottom line – I contend that new regulations are not killing the business, they are simply changing the business, albeit sometimes radically.
“Chapter 11” in a headline is usually not a good sign of a success story, but I encourage you to read Thomas Belknap’s article “Does Chapter 11 Work for Foreign Shipping Companies,” as it documents the trend of foreign companies seeking U.S. bankruptcy protection. Starting on page 18 he discusses some of the ins and outs, ups and downs of the practice.
While shipowners may lament emerging rules and regulations, companies such as Wilhelmsen Ship Service (WSS) embrace them, as new rules create new opportunity. But the path for WSS and companies in its space is hardly the straight and narrow, particularly as WSS continues on its quest to build and maintain a truly global, mobile and efficient safety services network, a mission which received a huge boost last month when WSS earned ABS global approval for its safety services and also opened its fifth global training center in Houston. While WSS is built to help its clients fulfill an increasing array of complex technical rules and equipment, WSS itself invests mightily to build and maintain an equally efficient and effective safety services company across the world’s time zones and across the world’s cultures … no small feat. I was privy to a cadre of WSS executives in an exclusive opportunity in Houston last month, which you can read about starting on page 48.
As this is our Offshore Annual in conjunction with the Offshore Technology Conference in Houston, I would be remiss to not turn the conversation to the offshore industry, for this reason and also because offshore is THE driver of much maritime business these days.
It is no secret in fact, that the offshore energy business has been a major driver of the world economic recovery and to date, around the world, the task to discover and recover oil and gas in deeper, more hostile and challenging environments is growing by leaps and bounds. To put things in perspective I am happy to share with you an exclusive report authored by Jim McCaul of IMA. For those of you not familiar with McCaul’s work in this sector, he is an offshore Floating Production System guru of sorts, producing his insightful Floating Production System Report for more than 15 years. You can read the full story starting on page 32, or for those in need of the full-style 226-page report, you can Email McCaul at firstname.lastname@example.org for full details. But there are several key takeaways to share here:
- 40%: IMA forecasts the Floating Production System Sector will grow 40% between 2013 and 2017, a projected need of 124 to 190 additional production floaters in this time-frame.
- 77: The number of production floaters on order, which is an all-time high.
- 55: Brazil is the largest location in terms of floating production systems in operation with 55, including 35 FPSOs, 18 production semis and two FSRUs.
This high-profile, high-value sector of the industry is a decided ‘silver lining’ for many builders and suppliers alike, and a strong cause for optimism going forward.
Gregory R. Trauthwein, Editor & Associate Publisher
(As published in the April 2013 edition of Maritime Reporter & Engineering News - www.marinelink.com)
Marine Management Systems (UK) Ltd. has named John D. Gregory as managing director. Prior to joining Marine Management Systems, Mr. Gregory was a director of Turnkey and Applied Computer Systems, Ltd. Where he was responsible for development and marketing of shipping systems for marine and air
George Gregory, chairman of the board and chief executive officer of Products Research and Chemical C o r p o r a t i o n (PRC), Glendale, Calif., has announced that Dean M. Willard is elected president and chief operating officer. Mr. Willard, who had been senior executive vice president of the
, in 1947 as a sales trainee. He held various marketing positions until being named executive vice president and director of Nelson's parent company, Gregory Industries, in 1963. When Gregory Industries was acquired by TRW in 1969, Mr. McGinnis was appointed president of the Nelson Division
Last month Captain Eric Clarke took the helm as managing director of Imtech Marine USA, Inc. (Houston). Maritime Professional was afforded the opportunity for an exclusive interview with Captain Clarke to garner his insights on the state of the industry at large, as well as Imtech’s potential in the near
In 2008 the USCG issued the tanker final rule for salvage and marine firefighting (SMFF) under the Oil Pollution Act of 1990. This rule primarily required tank ships and barges carrying oils as defined in the 33 CFR 155 as cargo to pre-contract qualified salvors to promptly respond to a marine casualty in U.
Ecosse Subsea Systems (ESS) has completed a $7.5m boulder clearing and pre-lay trenching project which it claims has been one of the most successful ever conducted for the wind energy sector. As subcontractor to Siem Offshore Contractors (SOC), the Banchory-based subsea specialist completed 86 boulder
MTR had the opportunity to visit with many colleagues at the recent Oceans2013 MTS/IEEE San Diego conference. Among them was Steve Lohrenz, Dean of the School for Marine Science and Technology at the University of Massachusetts Dartmouth. Steve was there to chair the session on Marine Education and Outreach
, and with the knowledge he's gained of our industry while working with us, we feel Mr. Maceluch will be a superb addition to our staff," states Gregory L. Leatherbury, president. Mr. Maceluch was a supervisor accountant and specialist in data processing-accounting liaison with Pannell, Kerr,
E. Heine, vice president and director, transportation and distribution. Donald J. Bane has been promoted to manager, distribution services, and Gregory R. Ferriner has been named to succeed him as assistant manager. Mr. Bane is now responsible for management of international and domestic transportatio
Maryland Port administrator W. Gregory Halpin has announced the appointment of Frank L. Hamons Jr. as project managerharbor development for the Maryland Port Administration, Baltimore. Mr. Hamons will be directing his energies toward the single most critical area of attention in the Port of Baltimore—t
The John Gregory, a new 74- foot combination trawler, has been delivered by Atlantic Marine, Inc., Ft. George Island, Fla., to owners Manly R. and Diane Willis of Virginia Beach, Va. The vessel, modified by the addition of a stern ramp, will be used for bottom trawling from Virginia up the Atlantic
? %RDW/,)(DGLYLVLRQRI/LIH,QGXVWULHV proud manufacturers of boat sealants, cleaners, compounds, waxes and epoxies, is now celebrating 60 years in the marine industry. With a longstanding reputation for quality, affordability, and trust, we are pleased to serve various marine industries on an ongoing basis.
VOICES BORIANA FARRAR, VP, SENIOR CLAIMS EXECUTIVE & COUNSEL, AMERICAN P&I CLUB Trailblazer Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Develop- ment Director for the Americas at the Ship Owners Claims Bureau, Inc.
VOICES NICK BROWN, DIRECTOR OF MARINE AND OFFSHORE, LLOYD’S REGISTER 5 minutes with LR’s Nick Brown By Greg Trauthwein “LR research suggests that the cheap- est zero carbon fuels are going to be at least double the price of fuels today.” Nick Brown, Lloyd’s Register Photo: Lloyd’s Register To kick things
WORKBOATS SOUTHERN TOWING COMPANY “In God we trust. All others must have data.” When Ed Grimm took the helm of Southern Towing Company (STC) as President and CEO, he inherited an enviable team of leaders, engineers, mentors, communicators and analysts. Today STC is a clear leader on the inland waterways
1268 711560 m: +44 7778 357722 email@example.com Classi? ed Sales +1 212 477 6700 Founder: John J. O’Malley 1905 - 1980 Gregory R. Trauthwein Charles P. O’Malley 1928 - 2000 Editor & Associate Publisher John E. O’Malley 1930 - 2019 firstname.lastname@example.org Watch us Download
NUMBER 11 / VOLUME 81 / NOVEMBER 2019 Features Cover Image Credit: Photos: ZF/Martin Meissner 28 Which Way is Up? Breakdown of the present and future of the OSV market. By Barry Parker 34 Data on the River Southern Towing breaks down the case for Z-Drive Towboats. By Greg Trauthwein 44 A Polar Presence Insi
OFFSHORE WIND BLOUNT BOATS:BLOUNT BOATS: Credit: Greg Trauthwein Ferries, Offshore Wind Vessels Dominate Present, Future MarineNews recently visited the Blount Boats facility in Warren, Rhode Island. While the year 2019 might be the ‘year of the woman’ in the eyes of the International Maritime Organizatio
PROPULSION pulsion vessel with the re? t scheduled cluding the fact that all of our marine several different technologies to build to begin in early 2020. To start the engines are classi? ed for HVO, syn- a platform that is available both today process, Volvo Penta ? tted the electric thetic diesel
PROPULSION Test Ride: Volvo Penta’s Next- Gen Propulsion Tech Earlier this year, Volvo Penta opened the doors at its global R&D and testing center to MarineNews. A test drive of the organization’s latest marine propulsion technology – from self-docking yachts to all-electric ferries to new engines
MarineNews MarineNews November 2019 Volume 30 Number 11 (ISSN#1087-3864) (USPS#013-952) Florida: 215 NW 3rd St., Boynton Beach, FL 33435 tel: (561) 732-4368; fax: (561) 732-6984 Departments Analysis New York: 118 E. 25th St., New York, NY 10010 & tel: (212) 477-6700; fax: (212) 254-6271 www.marinelink.
CONTENTS MarineNews November 2019 • Volume 30 Number 11 INSIGHTS 14 Sean Fernstrum President, R.W. Fernstrum & Company SAFETY 26 Dollars & Sense: Making a Pro? t with a Safety Management System (SMS). By Richard J. Paine, Jr. WORKBOAT COMMUNICATIONS 30 ISO: Affordable & Reliable Workboat
.com Associate Publisher/Editorial Director 1 Aditya Aggarwal is ABS’s Director for Global Gas 5 Tom Ewing is a freelance writer specializing in energy Gregory R. Trauthwein Development. and environmental issues. email@example.com 2 Ted Bailey, Head of Digital Learning, Lloyd’s Mari- 6 Rick Eyerdam
I simply invite you to turn to page 34 for his observations, no pun intended, on this critical area of research and action. Associate Publisher & Editor Gregory R. Trauthwein As anyone within earshot of any media source knows, the bid for the 2020 U.S. presiden- firstname.lastname@example.org cy is well underway
S SOFTWARE SOLUTIONS Blockchain, Big Data, IoT What’s it all about ... really? By Lars Fischer, Managing Director, Softship Data Processing Singapore Ltd. Big Data Go to any shipping industry network and cyber risk. If a company has to man- event or conference, and you will no age, maintain and archive
T THOUGHT LEADERSHIP CLASSIFICATION ABS & the Future of Classi? cation By Greg Trauthwein Photo: ABS The discussion of the ‘future of class’ certainty and unpredictability, Wiernicki designed, built and operated going impetus to proceed at pace. seems more relevant today than ever, as counts the impact
HISTORY DESIGN EVOLUTION “We Love t he University of Michigan runs one of the Born at the University of Michigan in the early 1990s, Bristol Har- most prestigious naval architecture and marine engineering programs in the coun- bor Group (BHG) has grown into a diverse and widely respected T try, but when
HISTORY DESIGN EVOLUTION Looking Back, Forging Ahead Hindsight, they say is 20/20, and in this regard renowned design house Gibbs & Cox has nine decades in the rearview mirror on which to lean. We recently caught up with Chris Deegan, President and CEO of Gibbs & Cox, celebrating its 90th anniversary in
MARINE DESIGN BASJAN FABER, CEO, C-JOB C-Job CEO & Cofounder Basjan Faber Born to Design Born and raised on the water by entrepreneurial parents, Basjan Faber knew from a young age that his future and fate was in mari- time, speci? cally ship design. Today the CEO leads a vibrant, di- verse and fast-growi
C COATINGS: NIGEL SHEWRING, DIRECTOR R&D, HEMPEL Protective Nigel Shewring is Hempel Group’s new Research & Development Director. He provided Maritime Coatings Reporter & Engineering News insights on the fu- ture pace and direction of coatings technology. By Greg Trauthwein by Design igel Shewring has
cover subject, C-Job CEO and cofounder Charles P. O’Malley 1928 - 2000 Basjan Faber, on a beautiful Sunday afternoon in Amsterdam. Faber is a young and Gregory R. Trauthwein John E. O’Malley 1930 - 2019 vibrant leader of a young, vibrant and fast-growing naval architecture ? rm, C-Job, Editor & Associate
NUMBER 10 / VOLUME 81 / OCTOBER 2019 Features Cover Image Credit: © 2019 Martijn Gijsbertsen / Marco Vet 34 Born to Design CEO Basjan Faber powers C-Job full steam ahead. By Greg Trauthwein The Panama Canal 26 At long look at the strategic crossroads for the maritime world By Barry Parker U.S.Merchant
MarineNews MarineNews September 2019 Volume 30 Number 9 (ISSN#1087-3864) (USPS#013-952) Florida: 215 NW 3rd St., Boynton Beach, FL 33435 tel: (561) 732-4368; fax: (561) 732-6984 Departments Analysis New York: 118 E. 25th St., New York, NY 10010 & tel: (212) 477-6700; fax: (212) 254-6271 www.marinelink.
MarineNews MarineNews October 2019 Volume 30 Number 10 (ISSN#1087-3864) (USPS#013-952) Florida: 215 NW 3rd St., Boynton Beach, FL 33435 tel: (561) 732-4368; fax: (561) 732-6984 Departments Analysis New York: 118 E. 25th St., New York, NY 10010 & tel: (212) 477-6700; fax: (212) 254-6271 www.marinelink.
MarineNews MarineNews March 2019 Volume 30 Number 3 (ISSN#1087-3864) (USPS#013-952) Florida: 215 NW 3rd St., Boynton Beach, FL 33435 tel: (561) 732-4368; fax: (561) 732-6984 Departments Analysis New York: 118 E. 25th St., New York, NY 10010 & tel: (212) 477-6700; fax: (212) 254-6271 www.marinelink.