If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana)
Norwegian crane specialist Motus Technology has secured a contract to provide its cranes and handling equipment for National Oceanographic and Atmospheric Administration (NOAA)’s Class B research vessels.Working in collaboration with Kongsberg Maritime, Motus’ new contract follows the equipment supply deal for NOAA’s Class A vessels in 2021.
Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years
The first of two incomplete ultra high-spec multipurpose support vessels (MPSV) has arrived at Eastern Shipbuilding Group's Port St. Joe Shipyard, where the builder will finish constructing the vessel for Hornbeck Offshore Services.Earlier this year, Eastern secured a contract to complete construction of the two 400 class MPSVs after Hornbeck terminated the original build contracts with Gulf
The United States’ Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind project, marking another milestone in advancing the New York offshore wind project.With this permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the southern coast of Long Island later this year.
An affiliate of Edison Chouest Offshore has withdrawn its application for financing under the U.S. Maritime Administration's (MARAD) Title XI program.Title XI is a government loan program with the Federal Financing Bank as the lender. It is intended to promote the growth and modernization of the United States' merchant fleet and shipyards by offering repayment terms and interest rates that are
The National Oceanic and Atmospheric Administration (NOAA) has revealed the names of two new charting and mapping vessels it ordered from Thoma-Sea Marine Constructors in 2023.The names Surveyor and Navigator were chosen from a list of suggestions by NOAA staff, adhering to the agency’s naming policy that emphasizes vessels named for their missions.
Bollinger Shipyards on Saturday hosted a ceremony at Bollinger Houma to christen the U.S. Navy’s newest towing, rescue and salvage ship (T-ATS) USNS Cherokee Nation.The Hon. Franklin Parker, Assistant Secretary of the Navy for Manpower and Reserve Affairs joined ship’s sponsor and Deputy Speaker of the Cherokee Nation Tribal Council, the Hon.
Bollinger Shipyards announced it has laid the keel for the future USNS Muscogee Creek Nation at its yard in Houma, La.The vessel is the 10th Navajo-class Towing, Salvage and Rescue Ship (T-ATS) and the fifth T-ATS vessel being constructed by Bollinger since acquiring the program in April of 2021.The keel authenticators were the Hon. David W.
Gulf Island Fabrication, a steel fabricator and service provider to the industrial and energy sectors, announced on Tuesday it has completed the sale of excess property that was part of the company’s facilities located in Houma, La.Gulf Island said the sale to an undisclosed buyer generated net cash proceeds of approximately $8.5 million.
A new tugboat is slated to enter service for Bisso Towboat this Spring.The Luling, La. based marine towage provider has been working with Main Iron Works to update its fleet, replacing a conventional tug with a tractor tug about every 18 months. In late 2022, the Houma, La. shipbuilder began building a new tractor tug Mr.
Governor Jeff Landry, alongside representatives from the Louisiana Coastal Protection and Restoration Authority (CPRA), the United States Army Corps of Engineers (USACE), and various federal, state and local officials, marked a milestone with the groundbreaking ceremony for Phase 2 of the Houma Navigation Canal (HNC) Lock Complex.