Marine Log - April 2008 - (Page 6)

Update INLAND • COASTAL OFFSHORE • DEEPSEA STEEL from our HEARTS biz NOTES $1.6 billion FPSO contract for HHI South Korea’s Hyundai Heavy Industries Co., Ltd. (HHI), has received a $1.6 billion Letter of Award (LOA) from Elf Petroleum Nigeria, Ltd. (EPNL), a Nigerian subsidiary of France’s Total S.A., to build a Floating, Production, Storage, and Offloading unit (FPSO). The FPSO will measure 320m by 61m, with a depth of 32m. It will be able to produce 160,000 bbl of oil and 5 million m3 of natural gas per day, and will be able to store 2 million bbl of oil. Set for delivery by 2011, the FPSO will be located in the Usan field in 750m of water, 100 km southeast of Bonny Island in Nigeria. ormally, the fifth ship of a class would generate little or no attention. Built with 7-1/2 tons of steel from the World Trade Center, however, the USS New York is far different because it carries the blood, tears and hearts of a city and a nation. The USS New York (LPD21), the fifth San Antonio Class amphibious assault ship for the U.S. Navy, was recently christened in ceremonies at Northrop Grumman Shipbuilding, Gulf Operations, New Orleans, La. Mike Petters, corporate vice president and president of Northrop Grumman Shipbuilding, said at the ceremony: “The ship in front of you—made from N thousands of tons of steel, seven-and-a-half of those from the Twin The bow-stem section of the USS New Towers—symbolizes York (LPD-21) contains seven-and-athousands of stories, half tons of steel from the World Trade stories about the heroes Center. The steel was melted for the of 9/11. The police offi- ship at Amite Foundry in Amite, La. cers, the firefighters, and the people who lost their lives ion or conventional landing craft and their families have very dif- and Expeditionary Fighting ferent stories, yet they are linked vehicles, amphibious assault together by history.” vehicles, augmented by helicopDotty England, wife of ters or vertical take off, and Deputy Secretary of Defense landing aircraft such as the Gordon England, was the ship’s Osprey. The ships will support sponsor. amphibious assault special operThe 684-foot, 105-foot-wide ations, or expeditionary warfare LPD transport dock ships are missions. used to transport and land U.S. The USS New York will be Marines, their equipment and commissioned in New York supplies by embarked air cushCity in 2009. SeaStreak to get new owner The New England Fast Ferry Co., New Bedford, Mass., has inked a deal with a subsidiary of Sea Containers America Inc., to acquire SeaStreak, with its fleet of four catamarans. SeaStreak operates passenger ferries daily between Monmouth County, N.J., and Manhattan. The service carries over 800,000 passengers annually. SeaStreak has been on the block for years. Sea Containers Ltd., has been in Chapter 11 since Oct. 2006. The New England Fast Ferry Company, a sister company of Moran Transportation, Interlake Steamship Company and Mormac Marine Group, operates ferries from Rhode Island and Massachusetts. Certain aspects of the sale remain subject to court approval. www.marinelog.com Ship losses jump, says IUMI STATISTICS RECENTLY released by the International Union of Marine Insurance (IUMI) indicate a sharp spike in the number of partial and total ship losses as a result, in part, to the shipping boom itself. IUMI says there were 727 serious incidents reported in 6 MARINE LOG APRIL 2008 increase in one decade IUMI’s Deirdre Littlefield, said the statistics “underline the relentless surge in marine claims that has come about due to a number of factors, not least being the shipping boom itself with ships and crews being driven harder than anyone can remember.” 270% 2006 and 914 incidents so far in 2007. IUMI says this represents a 270% increase in one decade, 1998-2008. Weather remains a major cause of total losses, says IUMI, but collisions have overtaken groundings as the next most common proximate case. http://www.marinelog.com

Table of Contents Feed for the Digital Edition of Marine Log - April 2008

Marine Log - April 2008 Contents Editorial Second Thoughts Update Inside Washington Offshore Vessels Evolve to Meet Subsea Demands Picking the Right Floaters for Deepwater Tugs: The Good Times Roll, But for How Long? Interactive TV at Sea Jo-Kell's Suzan Kelly Tugs & Barges Exhibitors Preview Beyond Imagination Tech News Newsmakers Contracts Events Website Directory Infodirect ML Marketplace Last Page

Marine Log - April 2008

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