Tim Colton's

Maritime Memos

A somewhat opinionated commentary on U.S. and Canadian maritime matters.

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The S. Ezzat Heads Out

The first of the four Fast Missile Craft being built by VTHM for the Egyptian Navy left Port Everglades at about 2 pm today, headed south at 20 knots: she had been undergoing tests at the Atlantic Undersea Test & Evaluation Center, (AUTEC).  The ENS S. Ezzat was built to Vosper International's Ambassador Mk. III design and is a high-performance, 40-knot  vessel.  Not exactly an LCS but at about $100 million, she is in many ways a lot better value than either of the LCS designs.  Her name may sound a bit strange to American ears: S. Ezzat is Egyptian short-hand for Admiral Suleiman Ezzat, who commanded the Egyptian Navy from 1952 through 1967.  May 23, 2013.

A Good Idea from HII

This is not exactly news, but I only just caught up with it and it's significant.  Some folks at Huntington Ingalls have been using their noggins.  They are promoting a design for a simpler and cheaper amphibious-warfare ship, dubbed the LPD Flight II, with a focus on the upcoming LSD replacement program.  Read all about it here.  Simpler, cheaper ships?  What a radical concept!  Whatever next?  Of course, the Navy will never go for it.  But what's this?  The CNO apparently does go for it, saying "We need to move from luxury-car platforms to dependable trucks".  Read his comments in the USNI Proceedings here.  My goodness, will wonders never cease?  Of course, they still have to sell it to the experts on Capitol Hill.  May 22, 2013.

He's Got to Be Kidding

The widely respected defense analyst Loren Thompson has apparently lost his mind.  His latest column, appearing on Forbes.com yesterday, is headlined "Huntington Ingalls May Be the Safest Bet in the Defense Sector".  Read it here.  Huh?  Is he serious?  He appears to think that HII is secure in its markets, because it only has one competitor, with whom the work is carefully divided up.  No mention of the possibility that the level of naval shipbuilding activity might be cut back, either for budgetary or for strategic reasons.  Does he seriously believe that, given the outrageous cost of the Ford, CVN construction is going to continue at one every five years?  Similarly, does he seriously believe that the SSN program is not at risk of being cut back from two boats a year to one?  And the SSBN program both delayed and cut back?  Has he not noticed how expensive amphibious-warfare ships have become, raising the probability that their construction will also be delayed and/or cut back?  Does he not realize that we don't need any more DDGs and that the ones under construction were funded solely to keep the production lines open?  And can he not see that the Ingalls side of HII is a major financial drag on the Newport News side?  Thompson has apparently been bamboozled by Mike Petters, who, he says, has an "encyclopedic knowledge of shipbuilding processes".  An encyclopedic knowledge of expensive and inefficient shipbuilding processes, maybe.  And people on Capitol Hill listen to this nonsense.  Heaven help us all.  May 21, 2013.

Davie to Build Two Ferries

The perennially beleaguered shipyard in Lauzon, now known as Chantier Davie Canada Inc., has signed to build a pair of ferries for the Société des Traversiers du Québec, (STQ).  Read their announcement here.  These ferries will replace the 33-year-old Armand-Imbeau and Jos-Deschênes on the Tadoussac - Baie-Ste-Catherine route, and they will be LNG-fuelled, a welcome new trend.  May 17, 2013.

VT Halter's Dock Arrives

The big dock was delivered to VTHM's yard in Pascagoula on Thursday.  Read the announcement hereMay 17, 2013.

LCS 4 Back from Builders Trials

The future USS Coronado, (LCS 4), completed Builders Trials this week, with all reports positive.  In particular, I'm told she maintained 43 knots for over six hours, in Sea State 3.  Sounds good to me.  May 16, 2013.

First MLP Delivered

NASSCO delivered the first Mobile Landing Platform yesterday, the USNS Montford Point, (T-MLP 1).  Read the Navy's announcement here.  Good for NASSCO, who delivered on schedule, less than two years after contract award.  Imagine, building an oceangoing naval vessel in less than two years!  But boo to the Navy for inventing this totally inappropriate ship type designation, MLP.  The M is irrelevant here: all ships are mobile are they not?  And it's not a mine-warfare ship, it's a heavy-lift cargo ship which doubles as a cargo transfer facility, so it should be a T-AK, or possibly a T-AKx, where x could be H for Heavy Lift, or F for Flo-Flo, or something.  May 15, 2013.

Foss Out of Boston?

G-Captain reports that Foss has sold, or is selling, its Boston operation, Constellation Towing, to McAllister, which plans to reassign the four harbor tugs involved to other ports.  Read the story here.  So much for Boston as a hub of marine activity.  The four boats have an average age of 31, so they will fit in well in McAllister's antiquated fleet, even lowering the fleet average age a tad.  May 15, 2013.

Crowley Gets into LNG

It's so easy to get depressed by all the incompetent fools in our industry that it is especially cheering when one of the bright spots gets even brighter.  And here comes Crowley telling us that they have bought Carib Energy and are, therefore, in the LNG biz.  Read their announcement here and find out more about Carib Energy here.  An excellent move!  The current booms in domestic production of crude oil and gas should generate a huge boost in domestic transportation requirements over the next decade or so.  May 8, 2013.

Dakota Creek to Build Innovative Longliner

The Seattle Times reports that Blue North Fisheries has ordered a 191-foot freezer-longliner from Dakota Creek Industries.  Read the story here.  Designed in Norway by Skipsteknisks AS, the boat will be the first in the U.S. with an internal haul station and the first to meet Tier III emission standards.  See their more detailed announcement here.  Good stuff.  Let's have some more of these.  May 8, 2013.

Un Vétéran Américain en Bord de Seine

I know that most of you already read La Gazette de Bigbull, but I cannot resist providing a link to a recent issue, which reports that the U.S. Army's venerable ST-482 is moored in the Seine near Paris.  Read the story here.  See her from the air on Google here.  She was built in 1944 by American Machinery Corp., in Orlando FL, and spent most of her life in service to the Port of Le Havre.  Note that the same issue also reports that ST 732, which was retired in Brittany, is going to have to be scrapped.  How many more US-built boats are hiding in France?  May 7, 2013.

Maersk Line Upgrades

Maersk Line Limited, the US-flag operation, revealed today that it has begun replacing the eight containerships that it employs on its service linking the U.S. East Coast with the Mediterranean and the Middle East.  Read the announcement here.  The old ships are about 3,300 teus and are, on average, about 15 years old, while the new ships are about 4,800 teus and are, on average, about 5 years old.  First up is the ship pictured on the right, built as the Maersk Kuantan and now the Maersk Chicago: she joined the US-flag fleet last week.  Good for Maersk.  I guess I'm still waiting for them to show us how to revitalize the Jones Act container trades.  May 7, 2013.

A New Service to Puerto Rico

Now here's an interesting development.  You remember (yes, you do) that back in 2008, a Polish-built cargo ship was confiscated in a drug bust, sold at auction, modified for Jones Act service, renamed the National Glory and put into operation between Houston TX and Eddystone PA.  Well, that didn't work out and recently the National Glory has been doing duty for APL in its US-flag Baltic Sea service.  (Yes, APL has a US-flag Baltic Sea service, employing three US-flag containerships on a route that links Hamburg and Bremerhaven in Germany, with Tallinn, in Estonia.  You knew that.)  The National Glory has now been released from that trade, however, and, according to Caribbean Business, is about to start serving Puerto Rico from Houston, on a biweekly schedule.  Excellent timing, seeing that the inimitable Horizon Lines recently cut their Houston-to-Puerto Rico service from weekly to biweekly.  What next in the strange world of non-contiguan trade?  May 6, 2013.

Surprise!  Irving Disagrees with CBC

Irving took a full page ad in the Halifax Chronicle on Saturday to rebut CBC's suggestions concerning the AOPS program.  Read it here.  Somehow I doubt that this row is over.  The folks up north can recognize a boondoggle when one crosses their path.  May 6, 2013.

52-Year-Old McAllister Tug Sinks at Pier

The Baltimore Sun reports that the Kaleen McAllister sank on Saturday, at its pier in the Locust Point section of Baltimore.  Read the story here.  The Kaleen McAllister is the former Pontiac, (YTB 756), built by Southern Shipbuilding, in Slidell LA, in 1961.  She's 52 years old.  Yes, I know you can keep a well-built boat going almost indefinitely if you look after it, and McAllister is undoubtedly a responsible operator, but they've got a whole lot of these old ladies.  Wouldn't it be nice if they were to build some new ones?  Look at their fleet: they have close to 100 tugs with an average age that's over 40.  They should be building three boats a year just to maintain that average, more to lower it.  May 6, 2013.

Harvey Gulf Buys More Boats

There's always something interesting going on at Harvey Gulf International Marine.  This week they tell us that they are buying seven recently built DP-2 PSVs, including two that are still under construction, and four DP-2 FSVs from Gulf Offshore Logistics, thereby reducing the size of GOL's fleet from 31 boats to 20.  In addition, they are ordering two 340-foot STX-designed construction vessels from Eastern Shipbuilding and another LNG-fueled PSV from TY Offshore.  The total tab for the three deals is said to be $540 million.  Read the press release hereMay 3, 2013.

More Bad News from Horizon Lines

More terrible numbers from Horizon Lines, which all on its own makes you want to give up on the Jones Act.  In the first quarter, they lost $20 million on sales of $244 million.  Read their announcement here.  The unavoidable fact is that Horizon Lines has absolutely no way of getting out of the bog in which it has become stuck.  None.  Chapter 7, here they come.  Then somebody competent can buy their terminals and take over their cargoes.  May 3, 2013.

What Do They Think They Are Doing?

Dreadful news from the Coast Guard.  Chuck Hill's excellent CG Blog reports that the shipbuilding program has been royally messed up.  Read the story here.  The slow and expensive NRC program has been expanded to the original eight ships, at the expense of the urgently needed OPC program, for which proposals were recently submitted, and the FRC program, which was humming along nicely.  The OPC program has been put back by two years and the FRC program reduced to two ships a year.  Whose brilliant idea is this?  How can funding two more NRCs that take four years to build possibly be preferable to funding the OPCs and FRCs?  Brainless!  May 3, 2013.

Seacor Moves into LPG

You have to like a company whose motto is "Strength in Diversity".  Seacor has ordered two 84,000-cm LPG carriers from HHI, with options for three more.  Read the announcement here.  Another new business activity.  Excellent!  Others seem to approve too: the company's stock is already up about 2% and it's not even 11 o'clock yet.  May 3, 2013.

CBC Blows the Whistle on the NSPS

CBC News has published a special report on the ridiculous sums that the Canadian Government is throwing at the National Shipbuilding Procurement in general and the Arctic Offshore Patrol Ship in particular.  Read it here.  Interesting comparisons with the costs reported of other nations' procurement of similar ships. And the Canadian Government's responses are really pathetic.  They really need to bite the bullet, close the whole program down and buy the boats competitively.  May 2, 2013.

US Shipping on the Rebound?

US Shipping has completed a refinancing that, they say, gets them moving forward again.  Let's hope so.  Read their press release hereMay 2, 2013.

USMMA at the Bottom, USCGA Close Behind

CBS Moneywatch reported this week on this year's ranking of universities according to students' assessments of their teachers.  Read the story here.  Apparently Kings Point is the absolute worst and the Coast Guard Academy is #3.  I doubt very much that a student's assessment of a teacher's competence has much validity as a measure of that teacher's capability, but the collective criticism implied by being ranked worst in the nation is more significant and is clearly not something of which to be proud, especially when trying to justify your continued existence.  May 2, 2013.

Ingalls Gets Sixth NSC

The Coast Guard has awarded an FPI contract to Ingalls Shipbuilding for the sixth National Security Cutter, the future USCGC Kimball (WMSL 755).  Read the announcement here.  The stated value is $487 million, which is much the same as that of its predecessor in the series.  No completion date is specified but it takes Ingalls about four years to build one of these boats.  (Four years, sheesh!)  The original plan was to build eight NSCs to replace the twelve Hamilton-class WHECs, but there is still doubt as to whether the Coast Guard will be allowed to build the last two, given their need to keep building FRCs and to get the OPC program rolling.  May Day, 2013.

P.S.:  Whoops, it seems that the Coast Guard has switched the names of the sixth and seventh NSCs: this cutter will be Munro and the next one, if it's built, will be KimballMay 2, 2013.

Maritime Memos - April 2013

Who Cares About Transportation?

Not this Administration, apparently.  Subject to confirmation, the new SecDot will be Anthony Foxx, a 42-year-old lawyer who is currently the Mayor of Charlotte NC.   Read the NY Times coverage here.  No experience of the transportation industry, but maybe he'll surprise us.  April 29, 2013.

Canadian Navy Duodecimated

The Vancouver Sun reports that a US-flag trawler, the American Dynasty, broke loose from its tow yesterday and rammed HMCS Winnipeg, (FFH 338), one of the Royal Canadian Navy's few remaining surface combatants.  Read the story here.  The American Dynasty was built in Houston TX in 1975, by Mangone Shipbuilding, and was originally the Sea Bure, an anchor-handling tug-supply ship (AHTS).  Her victim, the Winnipeg, was built in Saint John NB in 1995, by Saint John Shipbuilding, the ninth of the RCN's twelve patrol frigates.  April 25, 2013.

Vigor Builds an Itsy-Bitsy Barge

Gollee, this is impressive stuff.  How sophisticated can the US shipbuilding industry get?  Vigor Industrial's Portland operation, US Fab, has built a 140-foot deck barge and paid some subcontractors in Tacoma to put a couple of huts on it.  Read their press release here.  Their PA person makes it sound like they just built a nuclear submarine: clearly another employee who needs to be transferred to the warehouse.  April 24, 2013.

Kings Point Alumni Association Banned!

The insensitive brainlessness of the DoT and MARAD continue to know no bounds.  The latest disgraceful performance came this week with the news that the Superintendent of the USMMA is evicting the Kings Point Alumni Association from the campus.  Read the Association's letter to its members here.  What the heck does DoT think it's doing?  This is petty stuff.  As many of you probably worked out some time ago, I am not a great fan of Kings Point: I don't think we need it and I don't like the way so many Kings Pointers preen and promote themselves as the world's greatest merchant mariners.  But shoot, if we're going to have a federal academy for the training of merchant marine officers, we shouldn't fiddle around in this middle ground, undermining the work of the current management.  We should define the academy's mission clearly, fund it properly, manage it properly and measure its performance.  Then, if it performs, good; if it doesn't, close it down.  April 24, 2013.

Horizon Expands (The Other Horizon, That Is)

The Mobile Press-Register reports that Horizon Shipbuilding, which is by far the most interesting of all the small shipyards in the Bayou La Bâtre area, has bought the property immediately across the bayou, known locally as "the old Graham yard" and operated for many years as Offshore Trawlers.  Read the article here.  They plan to develop it for aluminum boatbuilding and, one suspects, government contracts.  Good for them.  St. George's Day, 2013.

APL Scraps the Last Four C-10s

The Journal of Commerce reports that APL, the Singaporean-controlled entity that used to be called American President Lines, is going to scrap the last four C-10 containerships, the President Adams, President Jackson, President Polk and President Truman.  Demand for US-flag ships is apparently much reduced.  Read the story here.  Note that the C-10s were the largest containerships in the world when they were built in Germany in 1988 but are now obsolete at age 25: this is actually par for the course in international shipping, where these ships operate, if not in the strange little world of the Jones Act, where ships are kept going for 50 years or more.  St. George's Day, 2013.

P.S.:  It seems that I need to clarify the last sentence above: see the inserts in italics. April 26, 2013.

Carnival's Curious Arithmetic

The headlines say that Carnival Corporation plans to spend "more than $300 million" on improvements to its fleet of 24 ships, "to enhance operating reliability and guest comfort", i.e., to ensure that their recent spate of screw-ups is brought under control.  See their release here That's an average investment of about $12 million per ship.  Read down, however, and one finds that the plan is actually $600 to $700 million over all their brands, which involves 101 ships.  That's an average investment of $6 to $7 million per ship.  Alternatively, if the first $300 million goes to the 24 Carnival ships, that leaves $300 to $400 million for the other 77 ships.  That's an average investment of $4 to $5 million per ship.  So, are the 24 Carnival ships operated at lower levels of safety and reliability than the rest?  Or are they all operated to the same standards but the non-Carnival ships don't rate the same level of improvement?  Or what?  April 18, 2013.

P.S.:  An alert reader points out that Carnival's announcement doesn't say whether or not the planned investment includes the considerable costs of relocation and lost revenue.  Good point.  April 18, 2013.

Hornbeck Loves Cajun Cooking

They've changed the names of the six 200-foot ex-SeaMar boats which are being lengthened by Bollinger.  The HOS North is now the HOS Beignet and the HOS Davis is now the HOS Boudin, while the HOS Byrd will become the HOS Bourré, the HOS Hope will become the HOS Cayenne, the HOS St. James will become the HOS Coquille and the HOS St. John will become the HOS Chicory.  Isn't that nice?  April 16, 2013.

Four Years Later

The first of two coastal cruise ships, the Pearl Seas, built by the Irving Group's Halifax Shipyard, was rejected by its owner, Pearl Seas Cruises in 2009.  (Yes, that Halifax Shipyard, the one that the Government of Canada thinks can build surface combatants.)  Last week, four years of disputation finally came to an end and she is currently under tow to Chesapeake Shipbuilding, in Salisbury MD, where she will be completed to her owners' satisfaction.  No risk of a dispute there, because Chesapeake Shipbuilding and Pearl Seas Cruises are both controlled by American Cruise Lines.  April 16, 2013.

Signal in Dispute with GLDD

Back in August, Signal International signed a contract with Great Lakes Dredge & Dock for an ATB hopper dredge, a totally new concept.  Since then, it seems that this project has been beset by design changes, with the usual negative impacts on both cost and schedule.  Anyway, Signal announced today that they were suspending work until these problems can be resolved: read their release here.  According to Signal, GLDD's response was to terminate the contract and to seek another shipbuilder.  (Some chance that they will find anyone who can build it for less money or in less time!)  As a result, Signal is demanding arbitration.  OK, far be it from me to attempt to be judge and jury in this case but three things seem to be obvious.  First, it sounds as though this contract was signed before the design was anything like complete, which is always a bad idea.  Second, the lead time from contract to the start of construction was only 4-5 months, which doesn't sound like it was ever going to be enough.  And third, if the contract calls for arbitration of disputes, then the disputes should be arbitrated, shouldn't they?  Well, we will see how things develop.  April 15, 2013.

What's the Deal?

Back in November, we reported that BAE Systems had reached an agreement with American Maritime Holdings for BAE to acquire MHI, the well-known Norfolk shiprepairer formerly known as Marine Hydraulics (pictured on the right).  So here we are five months later and the Department of Justice has not yet approved the deal, apparently because the Navy has not yet approved the deal.  By contrast, the Navy had no problem with GD buying Metro and Earl Industries.  So what's the difference in this case, Mr. Stackley?  How long are you going to keep these guys in limbo?  If you're worried about competition, you should have thought about that before you approved the Metro and Earl deals.  April 15, 2013.

A Bunch of New Names

The Secretary of the Navy has revealed seven new names for ships under construction, all of them, amazingly, consistent with their classes.  Read the announcement here.  In brief, JHSVs 5, 6 and 7 will be Trenton, Brunswick and Carson City; LPD 27 will be Portland; LCSs 13 and 14 will be Wichita and Manchester; and AGOR 28 will be Sally RideApril 15, 2013.

Note to PA People (and Management)

In the joint Tidewater Leevac announcement referenced below, everybody involved is either pleased or excited, if not both.  These days it seems that everybody quoted in every press release is pleased and excited.  Of course, none of these people actually said they were pleased and excited: their PA people invented their words, and one might think that PA people would know more than two verbs.  So, note to PA people: use some imagination.  And note to management: if your PA person writes a press release in which you are quoted as saying you're pleased and/or excited, suggest that they either rewrite it or transfer to the warehouse.   April 13, 2013.

Tidewater Back at Leevac

Tidewater Marine, which already has two PSVs under construction at Leevac and two more at Bay Shipbuilding, has returned to Leevac for two more, plus an optional second pair.  These will be of Leevac's own design, the LDS 300 DE, pictured on the right.  Read the joint announcement hereApril 13, 2013.

DoD Budget Out at Last

A quick look reveals that the DoD is asking for two SSNs (plus what looks like enough in Advance Procurement funds for two more), one DDG, four LCSs and one AFSB.  No money for CVNs and no money for JHSVs.  The total request is $14.7 billion for only eight ships.  April 10, 2013.
Line Item Title Cost Type Title Quantity Amount
Carrier Replacement Program Subsequent Full Funding (CY)   944,866
Virginia Class Submarine Weapon System Cost 2 4,718,516
Virginia Class Submarine Less: Advance Procurement (PY)   -835,073
Virginia Class Submarine Less: Subsequent Full Funding (FY)   -952,739
Virginia Class Submarine Advance Procurement (CY)   2,354,612
CVN Refueling Overhauls Subsequent Full Funding (CY)   1,705,424
CVN Refueling Overhauls Advance Procurement (CY)   245,793
DDG 1000 Weapon System Cost   231,694
DDG-51 Weapon System Cost 1 1,729,712
DDG-51 Less: Advance Procurement (PY)   -114,148
DDG-51 Advance Procurement (CY)   388,551
Littoral Combat Ship Weapon System Cost 4 1,793,014
Afloat Forward Staging Base Weapon System Cost 1 524,000
Joint High Speed Vessel Weapon System Cost   2,732
Moored Training Ship Advance Procurement (CY)   183,900
Outfitting Weapon System Cost   450,163
LCAC SLEP Weapon System Cost 4 80,987
Completion of PY Shipbuilding Programs Weapon System Cost   625,800
Completion of PY Shipbuilding Programs LHA R (MEMO NON ADD)   37,700
Completion of PY Shipbuilding Programs CVN (MEMO NON ADD)   588,100
    12 14,703,604

 

Bruce Wilson Bows Out

Sad to report that one of the gurus of the Jones Act, Bruce Wilson, left us in January.  His quarterly report on the coastwise petroleum products trades was required reading.  He was very good at what he did and he was a classically idiosyncratic maritime industry personality: he will be missed.  Fortunately, Dave St. Amand, of Navigistics Consulting, has stepped in and taken the reins of Bruce's business - Wilson, Gillette & Co. - so all that knowledge and experience will not be lost.  April 9, 2013.

Navy Cans Four from Guardian

WPBS in San Diego reports that the Commanding Officer, the Executive Officer, the Assistant Navigator and the Officer of the Deck of the USS Guardian, (MCM 5), have all been relieved.  Read the story here.  The rest of the crew have been reassigned to the USS Warrior, (MCM 10), which had been in Bahrain and was headed home to San Diego but which has now been reassigned to replace the GuardianApril 7, 2013.

Parbuckling Away in Italy

I'm sure that most of you are following the salvage of the Costa Concordia.  If not, check out the Parbuckling Project web site, which you can find hereTerrific stuff.  April 5, 2013.

OSG in Disarray

OSG has fired its CFO, Myles Itkin.  Read the announcement hereYes, that's the same guy who got a retention bonus of $1.5 million only nine months ago.  It's a strange world.  Almost as strange, he is being replaced by Ian Blackley, who is a merchant mariner through and through, trained in Glasgow at the legendary Stow College of Hairdressing (Scotland's version of Kings Point, now the City of Glasgow College) and then with P. & O.  I'm all for Captain Blackley but how exactly does he qualify for the position of CFO of a publicly traded company?  Boy, I'm glad I sold my OSG stock when I did.  April 5, 2013.

Another Triumph Problem for Carnival

WKRG in Mobile reports that the notorious Carnival Triumph has broken loose from its mooring in the BAE shipyard and taken an unscheduled cruise across the Mobile River.  Read the story here Other sources report that she has rammed the Corps of Engineers dredge Wheeler, which is in the Signal Ship Repair yard, causing significant damage to both ships.  More to come probably.  April 3, 2013.

P.S.: It seems that most of the damage was done on the BAE side of the river, where she appears to have bashed one corner of BAE's big floater.  April 4, 2013.

P.P.S.:  In addition, while this mishap is primarily BAE's problem - obviously - it will inevitably result in more cancelled cruises for Carnival.  April 4, 2013.

Isn't MARAD Wonderful?

Where would we be without them?  Read today's cringe-making press release from SECDOT here.  I'm not sure where the figure $2 billion comes from: the table below shows Title XI activity in this Administration.  April 2, 2013, which is, incidentally, the quincentenary of the discovery of continental North America by Ponce de Léon, who came ashore in Melbourne Beach, Florida, on April 2, 1513.

Applications Approved Since 1/1/09
Applicant FY Shipbuilder # Project     Total Cost Title XI Approved
Vessel Mgmt Svces 2009 VT Halter Marine 5 185,000-bbl ATBs $304,720,771.00 $266,629,000.00 01/16/09
Canal Barge Co 2009 Trinity Madisonville 9 Asphalt Barges $46,627,493.00 $40,799,000.00 09/30/09
    Trinity Caruthersville 30 Hopper Barges      
Foss Maritime Co 2010 Orange Shipbuilding 3 Bunker Barges $25,992,786.00 $22,743,000.00 03/29/10
Boldini SA 2011 Eastern Shipbuilding 5 PSVs $291,828,176.00 $240,756,000.00 03/08/11
OSG Lightering 2011 Bender Shipbuilding 2 342,775-bbl ATBs $278,755,527.00 $210,900,000.00 05/17/11
    VT Halter Marine          
    Tampa Ship          
Vessel Mgmt Svces 2011 VT Halter Marine 3 330,000-bbl ATBs $395,576,556.00 $346,129,000.00 08/11/11
TOTALS     57   $1,343,501,309.00 $1,127,956,000.00  
Applications Pending
Applicant FY Shipbuilder # Project     Total Cost Title XI Filed
Pasha Hawaii 2012 VT Halter Marine 1 Container/Roro $178,217,000.00 $155,940,000.00 01/25/12
Legacy Leader LLC 2012 Gulf Ship 3 PSVs $422,550,000.00 $369,731,250.00 02/07/12
    LA Ship 2 PSVs      
    NA Shipbuilding 3 PSVs      
    Tampa Ship 2 PSVs      
TOTALS     11   $600,767,000.00 $525,671,250.00  

VT Halter's Floater on the Way

The 12,000-ton dock around which VTHM plans to develop its new ship repair operation has left the Keppel Philippines shipyard where it's been undergoing some modifications.  It's on one of Zhen Hua Shipping's semi-submersible heavy-lift ships and is due in Pascagoula next month.  Looks good.  April 1, 2013.

A Penny on the Dollar

The Anchorage Daily News reports that the Matanuska-Susitna Borough has received only one bid, of only $751,000, for their $80 million ferry-to-nowhere.  The bidder was Workships Contractors, the well-known Dutch firm, who would use it as an offshore wind farm support vessel.  Read the story here.  Everybody involved in promoting this joke of a boat must be so proud.  April 1, 2013.

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