SHIPOWNERS can expect to pay more for shipmanagement according to Ole Stene, President of the ship managers association InterManager.
In an InterManager statement he says that ship owners must realise that shipmanagement fees need to increase otherwise the majority of professional managers will become reluctant to take on more ships for management. Claiming that ship owners still had to recognise the valuable role that third party managers play in today’s shipping industry, Mr Stene complains that owners still “did not want to pay the fees that managers’ deserve for taking care of their assets”. He adds “I have not seen much improvement in the management fee structure since it first started to be debated in the media and when you see how the shipping market has improved coupled with the concerns we have on recruiting and manning and taking care of the asset value of the ships, we are surprised owners are not prepared to share their fortune with us in taking care of their ships.” Despite this reticence on the part of the owners, he claims it is inevitable that fees will rise and that owners will start to realise they have to invest in manning but also in paying for the management services they are receiving.
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Saturday, July 26, 2008
Subsea 7 wins EPIC US$70 million contract
Subsea 7, UK, has been awarded an engineering, procurement, installation and commissioning (EPIC) contract valued at US$70 million by Centrica Resources Limited for the Grove Extension and Seven Seas Development Projects in the Southern North Sea.
The EPIC contract is a tieback of new gas production wells to the existing Grove and West Sole Alpha Platforms via 15.2cm and 20.3cm carbon steel production pipelines and integrated service and control umbilicals. Engineering will commence immediately and will be performed at Subsea 7’s Aberdeen offices. Fabrication of the pipelines will be carried out at Subsea 7’s new North Sea pipeline fabrication and spoolbase facility at Vigra, on the west coast of Norway. Offshore operations are due to take place during the second and third quarters of 2009 and will utilise a number of Subsea 7’s vessels, including the recently acquired ‘Seven Navica’.
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The EPIC contract is a tieback of new gas production wells to the existing Grove and West Sole Alpha Platforms via 15.2cm and 20.3cm carbon steel production pipelines and integrated service and control umbilicals. Engineering will commence immediately and will be performed at Subsea 7’s Aberdeen offices. Fabrication of the pipelines will be carried out at Subsea 7’s new North Sea pipeline fabrication and spoolbase facility at Vigra, on the west coast of Norway. Offshore operations are due to take place during the second and third quarters of 2009 and will utilise a number of Subsea 7’s vessels, including the recently acquired ‘Seven Navica’.
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GE to Power Royal Australian Navy’s LHD Ships
GE Marine announced that it will supply the Spanish shipbuilder, Navantia, Madrid, with two LM2500 aeroderivative gas turbines.
The LM2500s will power two new Royal Australian Navy (RAN) Landing Helicopter Dock (LHD) amphibious ships. In February 2007, Navantia and Australia’s Tenix Group announced the two companies will jointly construct the two new LHD vessels. Navantia will oversee the ships’ design and construction, power plants and platform control system. The Tenix Group will handle the construction of the superstructure and the bulk of the fit-out at its Melbourne facility. The two Canberra-class LHD ships – to be named HMAS Canberra and HMAS Adelaide – will rely on one LM2500 gas turbine in a COmbined Diesel Electric And Gas turbine (CODLAG) configuration with diesel engines. The new LHD ships are expected to carry 1,000 personnel, six helicopters and 150 vehicles, and replace both HMAS Manoora and HMAS Kanimbla. GE will manufacture the=2 0LM2500 gas turbines at its Evendale facility, and will deliver the gas turbine-generator sets in August 2009 and November 2010. The RAN is slated to launch the first LHD in March 2009, with commissioning in January 2013. The second LHD will be launched in October 2010, with commissioning to follow in June 2014.
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The LM2500s will power two new Royal Australian Navy (RAN) Landing Helicopter Dock (LHD) amphibious ships. In February 2007, Navantia and Australia’s Tenix Group announced the two companies will jointly construct the two new LHD vessels. Navantia will oversee the ships’ design and construction, power plants and platform control system. The Tenix Group will handle the construction of the superstructure and the bulk of the fit-out at its Melbourne facility. The two Canberra-class LHD ships – to be named HMAS Canberra and HMAS Adelaide – will rely on one LM2500 gas turbine in a COmbined Diesel Electric And Gas turbine (CODLAG) configuration with diesel engines. The new LHD ships are expected to carry 1,000 personnel, six helicopters and 150 vehicles, and replace both HMAS Manoora and HMAS Kanimbla. GE will manufacture the=2 0LM2500 gas turbines at its Evendale facility, and will deliver the gas turbine-generator sets in August 2009 and November 2010. The RAN is slated to launch the first LHD in March 2009, with commissioning in January 2013. The second LHD will be launched in October 2010, with commissioning to follow in June 2014.
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Gulf Island boosts profits despite sales slip
US offshore fabricator Gulf Island Fabrication boosted year on year income in second quarter despite a slide in revenue in the period.
Houma, Louisiana-based Gulf Island reported net income of $11.9 million, or 83 cents per diluted share, in the quarter on revenue of $117.9 million, compared with net income of $7.9 million, or 55 cents per diluted share, on revenue of $137.6 million in the same period last year. For the six month period to the end of June, Gulf Island reported net income of $25.3 million, or $1.77 per share, compared with net income of $12.3 million, or 86 cents per diluted share, in the first half of last year, despite a slip in revenue to $241.7 million from $246.9 million previously. The company reported a revenue backlog of $437.7 million and a labour backlog of about 4.6 million work hours, including work outstanding to 30 June 2008 and new commitments from that date.
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Houma, Louisiana-based Gulf Island reported net income of $11.9 million, or 83 cents per diluted share, in the quarter on revenue of $117.9 million, compared with net income of $7.9 million, or 55 cents per diluted share, on revenue of $137.6 million in the same period last year. For the six month period to the end of June, Gulf Island reported net income of $25.3 million, or $1.77 per share, compared with net income of $12.3 million, or 86 cents per diluted share, in the first half of last year, despite a slip in revenue to $241.7 million from $246.9 million previously. The company reported a revenue backlog of $437.7 million and a labour backlog of about 4.6 million work hours, including work outstanding to 30 June 2008 and new commitments from that date.
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ISA opens new “After Sales & Refit” division
ISA - International Shipyard Ancona, known all over the world for its production of luxury yachts from 36 to 90 meters in fibreglass and in steel, announces a new division dedicated to maintenance and refitting of any kind of yachts, including sailing yachts.
The new “After Sales & Refit” division will utilize the huge structures of the shipyard based in Ancona: 50,000 sqm with three covered areas of 13,000 sqm, workshops for any kind of metal works, fibreglass lamination and joinery, technical and administrative offices. The new division, that make use of the know-how of the engineers and workers which built 21 yachts in the last 7 years, also has a technical marina with 10 berths for yachts up to 90 meters in length at works or just in transit. Already at the beginning of this summer the “After Sales & Refit” division gave assistance to the mega yacht Alfa Nero, 82 meters by Oceanco, that choose ISA shipyard for a quick stop for some maintenance. Also Wally decided to make use of the ISA structures for the final outfitting of the 45 meters mega sailer Saudade. The responsible of the new “After Sales & Refit” division is Mr Alfonso Postorino, who has a long time experience in the most important Italian shipyards and will coordinate a highly skilled team. The division was created after the successful execution of some refitting , such as, for example, the latest M/Y SonKa, earlier M/Y April Fool.
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The new “After Sales & Refit” division will utilize the huge structures of the shipyard based in Ancona: 50,000 sqm with three covered areas of 13,000 sqm, workshops for any kind of metal works, fibreglass lamination and joinery, technical and administrative offices. The new division, that make use of the know-how of the engineers and workers which built 21 yachts in the last 7 years, also has a technical marina with 10 berths for yachts up to 90 meters in length at works or just in transit. Already at the beginning of this summer the “After Sales & Refit” division gave assistance to the mega yacht Alfa Nero, 82 meters by Oceanco, that choose ISA shipyard for a quick stop for some maintenance. Also Wally decided to make use of the ISA structures for the final outfitting of the 45 meters mega sailer Saudade. The responsible of the new “After Sales & Refit” division is Mr Alfonso Postorino, who has a long time experience in the most important Italian shipyards and will coordinate a highly skilled team. The division was created after the successful execution of some refitting , such as, for example, the latest M/Y SonKa, earlier M/Y April Fool.
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