Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.
In the United States, marine transportation is responsible for $361 billion, or 1.7% of the U.S. Gross Domestic Product (GDP). Marine transportation, a key part of global logistics and responsible for 40% of international trade, goods and services, is the backbone of U.S. trade. In the U.S. in 2021 alone, ships have transported more than 1.5 billion tons of cargo valued at more than $1.
The Great Lakes Towing Company held a christening ceremony in Cleveland for its newest tug.The vessel, named Minnesota, was delivered in 2023 as part of a series of 10 new Damen 1907 ICE tugs built by Great Lakes Shipyard, a sister company to the Towing Company—both part of The Great Lakes Group.
The Government of Bermuda’s Marine and Port Services has taken delivery of the 700-passenger ferry Bermudian after a major refit at Gladding-Hearn Shipbuilding. Engineering and project management were jointly handled by the Somerset, Mass. shipyard and Propulsion Data Services, and class oversight by Lloyd’s Register.
The smart phone “Bollard Pull Calculator” app produced by Captain M. Baykal Yaylali some four years ago has now been updated and expanded in function.The required tug power and number of tugs needed in variable wind and current currents is typically an assessment made by pilots based on their professional experience.
Austal USA, a U.S. shipbuilding subsidiary of Australia's Austal Group, announced it has named Mark Santamaria as its new chief financial officer (CFO).“Mark’s extensive background in government and commercial contracting environments is a valuable asset to Austal USA,” stated Austal USA president Michelle Kruger.
Colonna's Shipyard said Wednesday that its President & CEO, Tom Godfrey, would retire effective December 31, 2023. Randall Crutchfield has been named to replace Godfrey as the company’s Chief Executive Officer (CEO). Crutchfield is currently Executive Vice President & Chief Operating Officer (COO).
The Great Lakes Towing Company on Friday christened two new tugs in Chicago.The vessels, Illinois and Indiana, are part of a series of 10 new Damen 1907 ICE tugs built in Cleveland by Great Lakes Shipyard, a sister company to the Towing Company—both part of The Great Lakes Group.The 64’x24’x11’ tugs are each powered by two 1,000-horsepower MTU 8V4000 Tier III diesel engines
Luke M. Reid has joined Blank Rome as a partner in the firm’s Maritime group and as a member of the Transportation industry team in the Boston office. A former U.S. Coast Guard officer, Reid advises clients in connection with all aspects of international and domestic maritime regulatory compliance, as well as representing maritime clients in connection with government investigations