Consolidation, which has swept the maritime markets for much of the last decade, continued last month in the ship repair and conversion segment, as two of the premier players in the U.S. and U.K. repair and conversion markets announced plans to work together.
Cammell Laird, which has only recently completed an investment deal in Marseilles, has increased its involvement in the overseas repair and conversion industries by taking a $7.7 million (49 percent) equity stake in a new holding company along with U.S. West Coast ship repairer Cascade General.
The deal has an option for Cammell Laird to take a controlling interest within the next two years.
It will allow the new company to purchase the repair facility (freehold and docks) at Portland, Ore., the largest single repair facility on the U.S. West Coast. The facility is currently owned by Portland Port Authority and operated by Cascade General.
Cascade General has leased the facility from Portland Port Authority since 1995, when it became the sole shiprepairing company in the port. Since then, Frank Foti, chairman of Cascade General, and future head of the new operation, has been looking to complete the buy-out. The yard currently boasts an annual turnover of about $100 million, and wins virtually half of all commercial contracts that are placed with U.S. West Coast shiprepair yards. There are three main markets in which the yard operates — passenger vessels (the many cruise vessels now operating on the Alaskan service), tankers (the many large tankers operating between Alaskan terminals and U.S. refineries) and U.S.
Navy and auxiliary market. Last year the yard carried out a complicated conversion project involving a Drillship for Global Marine. There is also a very active voyage repair market for ships, especially bulk carriers, calling at ports in the Columbia River area. This is an international business and has resulted in the yard winning a number of drydocking contracts following successful voyage repair projects. The yard operates three floating docks with lifting capacities of 87,000 tons, 982 x 185 ft.
(299.3 m x 56.4 m); 27,000 tons, 661 x 114 ft. (201.5m x 34.8 m); and 15,000 tons, 982 x 185 ft. (182.3 m x 26.8 m).
Alongside berthage stands at 7,631 ft.
(2,326 m), with a maximum draft of 40 ft. (12.2 m).
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service. SS Santa Juana will be assigned the shuttle run between Subic Bay, R.P., and Diego Garcia, Indian Ocean. This service has been continuous since 1981 and is used to transport containers and breakbulk cargo for the U.S. Navy. —$33,197,249 to American Automar, Incorporated of Washington
easily linked to the German Railroad network. Day and night rail service connects the Port of Bremerhaven to more than 50 major European industrial centers. Water transportation also increases the ea?e with which cargo is shipped to such places as the Scandinavian countries. With its newly
Chevron at the Brazilian shipyard. The tankers were built under a contract with Mitsui & Co. and the yard's Japanese parent, Ishikawajima Harima Heavy Industries Co. They replace older vessels as part of an ongoing Chevron fleet retirement and renewal program. The William E. Crain will carry approximately
Maritime Affairs Robert J. Blackwell has approved in principle the applications of Shipco 2295, Inc., and Shipco 2296, Inc., 611 Wilmington Trust Building, 110 West 10th Street, Wilmington, Del., for Title XI Federal Ship Financing Guarantees to aid in financing the construction of two (one
Shipco 2295, Inc. and Shipco 2296, Inc., 611 Wilmington Trust Building, 110 West 10th Street, Wilmington, Del. 19801, have filed applications for Title XI Federal Ship Financing Guarantees to aid in financing the construction of two (one for each applicant) 165,000-dwt segregated ballast tankers.
. Mr. Kiisk has over 20 years of materials handling, marine design and construction experience, most recently with Kaiser Engineers of Oakland, and previously with the Marcona Corporation, the Port of Portland, and U.S. Coast and Geodetic Survey. Soros Associates is also the sponsor of a recently announced p
Company (COSCO) and China Shipping Container Line (CSCL). THE Alliance is comprised of the big three Japanese carriers, Mitsui O.S.K. Lines, Nippon Yusen Kabushiki Kaisha (NYK Line) and Kawasaki Kisen Kaisha (“K” Line), Hapag-Lloyd, United Arab Shipping Company (UASC) and Yang Ming Transport. The three
carrier. The purchaser would be Delta Steamship Lines, Inc., a subsidiary of Holiday Inns, Inc. "The proposed sale of the South American portion of our business would substantially improve our working capital," said Prudential Lines chairman and chief executive officer Spyros S. Skouras. Completion
G.A.O. Assesses Nation's Energy Security And The Negative Effect On Maritime Industry The Export Administration Act of 1979 places restrictions on the export of Alaskan North Slope crude that effectively ban its export. The act states that "no domestically produced crude oil transported through the
Gary E. Hoglund has been appointed senior vice president-finance and administration for Dillingham Maritime. He previously served as vice president-finance for the Seattle-based Foss Launch & Tug Company, a Dillingham company. He has been with Foss since 1970. In his new position, Mr. Hoglund will
closely with Devoe's new representatives, Tricot Marine, as well as managing Devoe operations in Taiwan, Japan, the Philippines, New Zealand, and Australia. Mr. Moran's former collateral responsibil- ity as region manager, U.S. West Coast, will be assumed by Michael Sloan. Mr. Sloan, who previously
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? ag raising ceremo- ny was held in Vladivostok for Sovcom? ot’s latest Arctic shuttle tanker. The vessel was named after Mikhail Laza- rev, a prominent Russian admiral and explorer known for his discovery of Antarctica. The tanker was ordered by Sovcom? ot to transport crude oil for the Novy Port project
Care: Managing Mariner Medical Care By Joe Keefe he competent authority shall as the population on shore enjoys. But, the embarking any mariner, a trusted 2012. There are several key aspects to require that, prior to begin- that’s not always the case. In case of medical consultancy is already at work
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is the bene? t to the en- maritime sector’s output of As a result, it is estimated that by 1 Jan- dium term. This may be true. vironment. Agreenhouse gases by 50% uary 2020, 4,000 vessels will have ? tted But the supply of HSFO is not likely Shipowners and operators could learn over the next
, 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. managers of the American P&I Club. We met with her in her NYC of
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wind farms are currently under construction.” Esteyo’s ELICAN Seajacks concept. UK-based Seajacks has been operating in the off- Source: ALE shore wind business since 2006. Since then, it’s built the Kraken, Leviathan, Hydra, Zaratan and most re- cently, Scylla jack-ups. Seajacks expects to see the next
ENVIRONMENTAL GREEN SHIP RECYCLING Furthermore, all of this material can be torious harmful shipbreaking operations, give them business. So there has to be a an actual ship recycling project to ? nd traced downstream to a licenced disposal it appears that the desirability of ship balance. You cannot
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SHIPBUILDING USCG POLAR SECURITY CUTTER An emperor penguin poses for a photo in front of the Coast Guard Cutter Polar Star in McMurdo Sound near Antarctica on Wednesday, Jan. 10, 2018. The crew of the Seattle-based Polar Star is on its way to Antarctica in support of Operation Deep Freeze 2018, the U.S.
WORKBOATS SOUTHERN TOWING COMPANY Are the Z-drives as robust as conven- off the exterior edges of the propeller. you have more of an effect on slowing awesome, it is just a phenomenal orga- tional? No. But life is a compromise and You can have a cort nozzle that solves down the vessel at 90 degrees than
WORKBOATS SOUTHERN TOWING COMPANY That’s signi? cant … were questions in the industry as to the solution. In my ? rst 12 months my con- gether.” And from that point on, we have It is signi? cant. There are still naysay- units robustness. versations with ZF were challenging to re? ned the Z-drive we
... the safety contribution that Z-drives makes to marine transpor- tation – especially barge marine transportation – is dramatic.” times everything else just falls into place. I like to say but there are other people that haul fertilizer. I don’t a another naval arch to pursue another way of improv- we