Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace
The U.S. Navy's new aircraft carrier USS Gerald R. Ford (CVN 78) on Monday underwent its third explosive event off the coast of Jacksonville, Fla., rounding out the ship’s Full Ship Shock Trials (FSST) and validating its shock hardness and ability to sustain operations in a simulated combat environment using live ordnance.
A 120-foot dredge barge capsized in the Charleston Harbor Resort and Marina, Wednesday, the U.S. Coast Guard said.Coast Guard Sector Charleston watchstanders received a call at 3:34 a.m. from the Charleston Harbor Resort and Marina staff stating the dredge barge rolled over on its side in the marina.
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).“Lots of green shoots have appeared,” says Jim McCaul, head of IMA/WER.
A 760-foot car carrier vessel ran aground in the Chesapeake Bay, on Tuesday, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector Virginia received a report that the Norwegian-flagged Tirranna ran aground near the Cape Charles Anchorage at approximately 3:30 a.m. The vessel was heading southbound on its way from Baltimore to Savannah, Ga.
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports.
Kevin Mooney has been appointed as President of Irving Shipbuilding, succeeding Kevin McCoy who will retire, the Canadian shipbuilder announced.From now until April, McCoy will assist Mooney with his transition and will support the CSC team, providing advice and assistance on strategic issues.Mooney joined Irving Shipbuilding this past August as Chief Operating Officer.
Boluda Towage SL on Thursday signed an agreement to acquire Iskes Towage & Salvage's port towage activities in Eemshaven, the Netherlands; Lubeck, Germany; and Lisbon, Portugal, as well as its offshore activities, together with the management and office staff in the head office in IJmuiden, the Netherlands.
The U.S. Navy called off its search for a sailor missing from aircraft carrier USS Theodore Roosevelt (CVN 71) after the crewmember reportedly fell overboard off the coast of Southern California.Search and rescue efforts ended at sunset Saturday after Theodore Roosevelt, USS Bunker Hill (CG 52), USS Russell (DDG 59), USS Howard (DDG 83), USS Charleston (LCS 18), USS Portland (LPD 27) the U.S.
A containership rescued a boater clinging to the hull of his capsized vessel approximately 86 miles east of Port Canaveral, Fla., Sunday.Stuart Bee departed Cape Marina in Port Canaveral on Friday and was reported missing Saturday after he did not return from his day trip. A marina member contacted watchstanders at Coast Guard Sector Jacksonville at 11:40 a.m.
A U.S. Coast Guard cutter's patrol in the Eastern Pacific has been cut short following a coronavirus outbreak on board, the Coast Guard said Wednesday.Legend-class cutter Stratton (WMSL-752) returned to its homeport Wednesday at Coast Guard Island in Alameda, Calif. after 11 crew members tested positive for COVID-19 during the deployment.
The American shipbuilding scene, filled with participants constructing all manner of vessels, has been navigating through stormy times (lately, yards along the Gulf Coast have literally been dealing with storms). The orders for newbuild, repair and conversion projects continue to flow in—albeit at a reduced pace—and the boats and ships go down the ways into the water