George “Sandy” Thomson

:

Chairman, Thordon Bearings

Blowin’ in the Wind:

Offshore Wind Farms

New Ethanol Tech:
Holds Promise

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May/June 2011

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CO N T E N T S

Volume 15, Edition 3

MAY/JUNE 2011

3

44

Chairman of the Board, Thordon
Bearings BY MAREX STAFF

The FY 2012 budget spells doom
for America's Marine Highway
program. BY H. CLAYTON COOK, JR.

George "Sandy" Thomson

12 | Washington Insider

President Obama Reopens
Offshore Drilling Amidst Debt
Ceiling Standoff BY LARRY KIERN
16 | MarEx OP-ED

New Ethanol Technology
Holds Promise
How big a deal?

BY MICHAEL ECONOMIDES

20 | Upgrades & Downgrades

Mirror, Mirror on the Wall…
Rating this year's crop of annual
reports. BY JACK O’CONNELL

24

Blowin’ in the Wind

Offshore wind farms could be
bonanza for global shipbuilding
industry. BY JACK O’CONNELL

MarEx_44.indd 3

Dead in the Water?

50

Global Shipbuilding
and Repair: Riding the
Rebound BY ROBERT C. SPICER
58

Annals of Finance: What's a
Ship Worth? BY BASIL M. KARATZAS
64

Pipes, Pumps and Valves:
All Systems Go BY ART GARCIA
72

How Green Is Your Vessel?

30

Case Study:

THE MARITIME EXECUTIVE

8 | Executive Achievement

Damen Shipyards

Product quality and customer
service form a winning
combination for this global leader.
BY TONY MUNOZ

40

Executive
Interview:

Kommer Damen

The best is yet to come for the
Chairman of Damen Shipyards,
who has guided his company
for more than 40 years.
BY TONY MUNOZ

Designing environmentally compliant
vessels is not easy. BY KATHY SMITH

78

Shipyard Directory

5/26/11 1:18 PM

PUBLISHER / EDITOR-IN-CHIEF Tony Munoz :: tonymunoz@maritime-executive.com
SENIOR EDITOR!Jack O’Connell :: harvardjo@maritime-executive.com
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ART DIRECTOR!Evan Naylor :: enaylor@maritime-executive.com
ASSISTANT ART DIRECTOR Daniel Bastien :: dbastien@maritime-executive.com
SENIOR VICE PRESIDENT, SALES & MARKETING Brett Keil :: bkeil@maritime-executive.com
ADVERTISING SALES MANAGER: ASIA Philipho Yuan :: fyuan@maritime-executive.com
ADVERTISING SALES MANAGER: NORTH AMERICA Clive Bullard :: cbullard@maritime-executive.com
ADVERTISING SALES MANAGER: NORTH AMERICA Scott Fairlee :: sfairlee@maritime-executive.com
ADVERTISING SALES MANAGER: WESTERN EUROPE John Gold :: jgold@maritime-executive.com
MAY/JUNE 2011

INTERACTIVE MEDIA MANAGER Carlos Dominicis :: cdominicis@maritime-executive.com

!

INTERNET SERVICES MANAGER Steven Gonzalez :: sgonzalez@maritime-executive.com
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Global Shipbuilding –
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MAY/JUNE 2011

It has been a rough few years since the bottom dropped out of the shipbuilding!

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]1('5$A()A?8(&;

THE MARITIME EXECUTIVE

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Tony Munoz !"#$%&$!'#("!(&)$"($('#*+,#'-.+"/0(0+&1&2&!,(03&4!'+$50(6$!'++&#(78$0#9,($"#)$
:,&7(0'#7$'#$(607$&)0('/0";$'/$"#*$'(6&/$90&!&$0#$(607$+"<"-0#&4$=6&$>"/0(0+&$?2&!,(03&$5&;!'+&7$
*',/$9"/(0!09"(0'#$0#$',/$&)0('/0";$!'#(&#(4

5/25/11 7:32 PM

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MarEx_44.indd 7

5/24/11 10:09 PM

EA
MAY/JUNE 2011

ExecutiveAchievement

THE MARITIME EXECUTIVE

8

By MarEx Staff

George “Sandy”

Chairman of the Board,
Thordon Bearings

Thomson
“Sometimes
things just
work out
right.”

MarEx_44.indd 8

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5/24/11 10:10 PM

EXECUTIVE ACHIEVEMENT

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MarEx_44.indd 9

9

THE MARITIME EXECUTIVE

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5/24/11 10:10 PM

MAY/JUNE 2011

EXECUTIVE ACHIEVEMENT

THE MARITIME EXECUTIVE

10

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!"#$!"

LEEVAC
INDUSTRIES, LLC
On-course with quality workmanship that stands the test of time.

LEEVAC Industries, LLC is independently owned and operated.
LEEVAC has a strong reputation
for providing the highest quality
design, construction and repair
services in the maritime industry
for a wide range of vessels.
LEEVAC Industries has two
locations: Jennings, LA and Lake
Charles, LA. The Jennings location
is responsible for all new vessel
design and construction projects.

Century Ship Service, Ltd. provides electrical and
mechanical services to the marine industry.
t Marine Electricians and High Voltage Termination Teams
t Marine Mechanics and Certified Welding Teams

The Lake Charles (Calcasieu)
location was recently opened in
late 2010 and was specifically designed to manage the company’s
repair and conversion projects.

We work with cruise line operators, shipyards, architects,
general contractors, and ship owners. Century has the
experience to handle anything from simple support service
labor and conversion projects to complete electrical and
electronic installation on new builds and refits.
We provide project management and installation services
allowing us to offer turn-key solutions. We have regional
teams for quick mobilization and worldwide services
eliminating costly delays.
Visit our website for more information:

www.centuryshipservice.com

US Partner Firm: Century Ship Service, Inc. +1

MarEx_44.indd 10

954 989 2067

WE MAKE
IT HAPPEN

LEEVAC Industries is a consistent
leader in the maritime industry
with quality, on time delivery and
on budget.

LEEVAC

Shipbuilding and Repair
Calcasieu, LLC

Phone 337-214-0532

LEEVAC

INDUSTRIES LLC

Phone 337-824-2210

www.leevac.com

5/24/11 10:10 PM

MMC-11

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MarEx_44.indd
MMC-1181-FMG-ME-AD.indd
11
1

5/23/11
5/31/11 1:40:12
10:14 AM
PM

!"#$%&'()&*!"#!$%&
Written by Larry Kiern,
Winston & Strawn LLP

WashingtonInsider

President Obama Reopens Offshore
Drilling Amidst Debt Ceiling Standoff

MAY/JUNE 2011

O

THE MARITIME EXECUTIVE

12

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First Things First

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MarEx_44.indd 12

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History of the National
Debt Ceiling

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5/24/11 10:10 PM

!"#$%&'()&*!"#!$%&

Despite progress in some areas, the
“theater of the absurd” continues its
long run in Washington.
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Causes of the Current
National Debt Problem

MAY/JUNE 2011

13

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TTS Marine Inc.

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The National Debt Ceiling
and Political Theater

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MarEx_44.indd 13

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For all your equipment service needs on:
HamworthyKSE | Hydralift | Kocks | Krupp Fördertechnik
Kvaerner Ships Equipment | LMG | Norlift | O&K | TTS

Call +1 954-493-6405
email service@tts-se.us
Or visit www.ttsgroup.com

THE MARITIME EXECUTIVE

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5/24/11 10:11 PM

MAY/JUNE 2011

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C$%'$")!$)=!3$/!#%*;"$3"#'!")!'B*!D9.9!C,$#'!
E<$&=!/B,!#*&?*=!$#!'B*!0*>"#3$'"?*!C,<)(
#*3!$)=!F*%<'8!CB"*4!,4!'B*!C,$#'!E<$&=G#!
C,)>&*##",)$3!H44$"&#!I44";*9

THE MARITIME EXECUTIVE

14

!"#$%&'&($")#*+#,(*-"$$#!&(-.$/0-$1('#
*1($#$%//"&#0$#*1"#2"'%!3(40-#4+-5&"$6
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*1"#3(."3;#4+/'&+/($"#,(33#044+/'3($1#
3(**3"#(-#$+37(-5#*1"#-0*(+-?$#&"03#8($403#
41033"-5"$<#@($*+&(4033;>#)"!*#4"(3(-5#
$*0-)+88$#$(/'3;#107"#-+*#'&+7()")#*1"#
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:&"$$>D#8+&/"&#E")"&03#2"$"&7"#F10(&/0-#
0-)#4+-$"&70*(7"#2"'%!3(40-#"4+-+/($*#
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*1"&"#$1+%3)#-+*#!"#0#-0*(+-03#)"!*#4"(3(-5#
0*#033<#G44+&)(-5#*+#H&""-$'0-#0-)#+*1"&$>#
*1"#)"!*#4"(3(-5#03*"&$#-+#-0*(+-03#$'"-)6
(-5#0-)#&"7"-%"#'+3(4("$<#2"/0&.0!3;>#1"#
03$+#+'(-")#*10*#*1"#/+$*#(/'+&*0-*#$*"'#
*1"#4+%-*&;#4+%3)#*0."#*+#(/'&+7"#(*$#3+-56
*"&/#8($403#4+-)(*(+-#,+%3)#!"#*+#3"*#*1"#
J%$16"&0#*0I#4%*$#"I'(&"<#91($#+!$"&70*(+-#
!;#$%41#0#&"$'"4*")#4+-$"&70*(7"#(33%$*&0*"$#
'+,"&8%33;#*10*>#-+*,(*1$*0-)(-5#K'"0."&#
J+"1-"&?$#'&+*"$*>#*1"#)"!0*"#+7"&#*1"#

MarEx_44.indd 14

5/24/11 10:11 PM

AEGIR supplied the spares, serviced
our seal and saved my schedule!
Thanks guys!    

  

Aegir Marine is an independent seal service company.
Specialized in sterntube seals of all makes.
Flexible, reliable, 24-7 service, any time, any place. 

www.sterntubeseal.com

MarEx_44.indd 15

5/24/11 10:11 PM

New Ethanol
Technology Holds
Promise

OPED!ECONOMIDES

MAY/JUNE 2011

By Michael Economides

THE MARITIME EXECUTIVE

16

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!"#$%&'#(")%("#!%&#*""+#,-.'"#"/"+'0-1#.+#'!"#
"+"234#.+(-&'245#*-'#%#2")"+'#.++6/%'.6+#!61(&#
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)6%1#2%'!"2#'!%+#)62+#62#6'!"2#066(&'-00&9

MarEx_44.indd 16

:+#1%'"#;<=<5#316*%1#)!"8.)%1#)68$%+4#>"1%+"&"#
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(-)'.6+9#:'#)1"%214#&!6B&#'!%'#!4(26)%2*6+@*%&"(#

5/27/11 9:22 AM

OPED!ECONOMIDES

Now there’s an alternative to agricultural feedstocks
for countries seeking real energy solutions.
!"#$%&'()$%(*!($(+,$*'!(-&'.",&%(,%("#!('&%/(0.%($%1()$%(2'$3($(
4$0(*,//!0(0&'!(,%("#!(5&0'1(&4(',6.,1(4.!'-("#$%()&0%()$%(!+!0(
2'$37(8#!(9!'$%!-!("!)#%&'&/3(-#$""!0-("#!(2$0$1,/:("#$"(!"#$%&'(
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4&&1(20,)!-(&0($0$*'!('$%17

THE BACK STORY

17

THE MARITIME EXECUTIVE

MarEx_44.indd 17

MAY/JUNE 2011

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Accredited by the Lloyds Register in the areas
of quality management, environmental control
and health & safety every aspect of the
dockyard is operated to meet the highest
international standards.
From initial project planning through to
successful on-time completion our aim at
Gibdock is to deliver a thoroughly professional
and friendly experience.

5/24/11 10:11 PM

OPED!ECONOMIDES
!"#$%&$'()'*+,&$'()-#*./0%&$'()1/*2/$%#%&+$()*/1&$&$')#$3)%*#$04
!+*%#%&+$)%+)%-/)2#*5/%6()/0%&2#%/0)07''/0%)&%),+7"3)!*+8#8"9)$/%)
:;)!/*</$%)/$/*'9)1*+2)%-/)<+*$)/$/*'9)<+$%/$%=)>-#%?0)%-/+*/%&4
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!"#$%0()<#$)2#$#'/)#)$728/*)+1)/$.&*+$2/$%#")1#<%+*0)&$),#90)
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,+7"3)+$"9)#2+7$%)%+)#8+7%):C)!/*</$%)+1)A=B=)3/2#$3=)

MAY/JUNE 2011

TECHNOLOGY TO THE RESCUE

THE MARITIME EXECUTIVE

18

D7%()#0)707#"()%/<-$+"+'&<#")&$'/$7&%9)#$3)%-/)2#*5/%)<#$)1&$3)
0+"7%&+$0)%-#%)#*/)"+'&<#")#$3)!&<5)%-/)3&#2+$30)+7%)+1)%-/)*+7'-)
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F/"#$/0/?0)G&$$+.#%&./)!*+</00)%/<-$+"+'9)%+)!*+37</)/%-#$+")
70&$')8#0&<)-93*+<#*8+$)1//30%+<50H)0I7#*/"9)1&%0)%-/)8&""=)>-/)
%/<-$&<#")#3.#$%#'/0)+1)F/"#$/0/?0)!*+</00)+./*)<+*$)/%-#$+")
!*+37<%&+$)2/%-+30)#*/)0%*&5&$'=)F/"#$/0/?0)!*+37<%&+$)&0)$+%)
8#0/3)+$)1/*2/$%#%&+$)+1)<#*8+-93*#%/0)#$3)07'#*0)87%)*#%-/*)
7%&"&J/0)#$)&$$+.#%&./()%-/*2+<-/2&<#")!*+</00)70&$'),-#%4
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/./$),#0%/)#0)%-+0/)%/<-$+"+'&/0)<+$%&$7/)%+)8/)3/./"+!/3=)>-/)
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THE CHINESE CONNECTION

@%)&0)#"0+)$+%)07*!*&0&$')%-#%)F/"#$/0/()&$)#$)+8.&+70)2+./(),&"")
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/K!/<%/3)%+)'*+,)89)/&'-%)%+)%/$)!/*</$%)#$$7#""9=)>-/)1//30%+<5)
1+*)%-/)F-&$/0/)!"#$%0),&"")8/)<+#"(),-&<-)-#0)#)%,+4!*+$'/3)
8/$/1&%P)@%)70/0)#$)#87$3#$%)"+<#")/$/*'9)0+7*</()#$3)&%)<+$./*%0)&%)
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87*$&$')&%)1+*)/"/<%*&<&%9)'/$/*#%&+$)#$3)17*%-/*&$')F-&$#?0)#"*/#39)

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Transportation and Logistics // Business // Information Technology // Management // Security Management

MarEx_44.indd 18

5/24/11 10:11 PM

OPED!ECONOMIDES

WIN-WINS

S()"!)(."(0)(+)&+-$()(40)1-,("*,0)6"$B6"$!)(4'()(40)70,'$0!0)'$B
$+-$&010$()0$('",!2)S()"!)')!-!('"$'/,0@).0',)0$0.#5)!+,-("+$)(4'()
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19

Michael Economides!"#!$!%&'()##'&!$*!*+)!,-".)&#"*/!'(!0'1#*'-!
$-2!*+)!32"*'&4"-45+")(!'(!6+)!3-)&7/!6&"81-)9!0)!+$#!8))-!'-!
'::$#"'-!$-!"-2)%)-2)-*!:'-#1;*$-*!*'!5);$-)#)9
THE MARITIME EXECUTIVE

%3:%0$,4)*13&1"*3

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MAY/JUNE 2011

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MarEx_44.indd 19

5/24/11 10:11 PM

20

Upgrades
Downgrades
I!

"#$%!&'('$)*+!,*-+'(.!%)*!/-,.*%!-((#-0!,*12,%!3!42#!5(267!
/-,8)-47!%)*!6'%)9'%!:'.!:2;!,*%-'0!<)-'(=!>%?$!<#%*!-(+!42#(.!
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(-E'.-%'2(!-(+!<2@@#('<-%'2(!$4$%*@$!&2,!.2E*,(@*(%$!-,2#(+!
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$%-(+!&2,!-(46-4=!G26)*,*!'(!%)*!,*12,%!+2*$!'%!$-4F

MarEx_44.indd 20

Mirror,
Mirror on
the Wall…

By Jack O’Connell

When it comes to
annual reports, who’s
the fairest of them all?
BACK IN THE DAY

/)*,*!6-$!-!%'@*!6)*(!<2@1-('*$!$1*(%!-!$@-00!&2,%#(*!-(+!1#%!
02%$!2&!%'@*!-(+!*&&2,%!'(%2!1,2+#<'(.!$0'<5!-((#-0$F!/)*!-((#-0!
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Z#-,%*,04!,*12,%$!-(+!1,'(%*+!%)*@!'(!&2#,9<202,!-(+!@-'0*+!%)*@!
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>$!%)'$!1,2.,*$$=!>!$#112$*!'%!'$7!-$!02(.!-$!42#!$%'00!)-E*!%)*!
21%'2(!2&!,*<*'E'(.!%)*!)-,+!<214F!Q#%!'%!<)*-1*($!%)*!6)20*!
1,2<*$$7!@-5*$!'%!0*$$!,*$1*<%-:0*7!-(+!,*+#<*$!'%$!'@12,%-(<*F!
>%?$!-0@2$%!-$!'&!<2@1-('*$!-,*!$-4'(.7!BW*?E*!.2%!%)*!'(&2,@-9
%'2(7!$#,*7!-(+!42#!<-(!<)*<5!'%!2#%!2(0'(*!'&!42#!6'$)F!Q#%!6*?,*!
(2%!.2'(.!%2!$*(+!'%!%2!42#FC!N(+!%)*!%'@*!'$!<2@'(.!3!-(+!'%!6'00!
(2!+2#:%!:*!$22(*,!,-%)*,!%)-(!0-%*,!3!6)*(!%)*!2(04!6-4!%2!.*%!
$)-,*)20+*,!@-%*,'-0$!6'00!:*!2(0'(*F

5/24/11 10:11 PM

JACKO’CONNELL

SHIPPING ANNUALS

()$*';5*2$"'<'=5>+,$-.'

'

21

THE MARITIME EXECUTIVE

12%2.234'15%65"'78'9:/5--5%/5'87"

MAY/JUNE 2011

!"#$%&'$()*+,-"#,.(,'$,)('/$+,$0(,'&&%'),#(1"#$/,"-,.'#2$2.(,3".4
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3"&32/(,'&5,%&5(#/$'$(5,9,')."/$,0%.6)(,2&,2$/,$"&(,
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0'/,$7",-#(2:0$(#/,9,")5,'&5,&(7,9,"&,$0(,3";(#+,5(."&/$#'$4
2&:,$0(,(;")%$2"&,"-,/021,3"&/$#%3$2"&<,=0(,2&/25(,1':(/,3"&$'2&,
',!)(($,J2/$+,@"#1"#'$(,I#"-2)(+,'&5,K0'#(0")5(#,J($$(#<,G)),;(#*,
3".1'3$,'&5,&('$+,'/,2/,K2.("&,I')2"/>/,K0'#(0")5(#,J($$(#+,
70230,3"&$'2&/,$0(,-"))"72&:,3"&32/(,/%..'#*,"-,$0(,/$'$(,"-,$0(,
5#*6%)8,2&5%/$#*,2&,DEVVW,

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':;<<'=",,$6>196'(1,331?'!"#$%"&?'@(?'A"6"-"'=:B'CDE '
F)963G'HI'J<;KL'MK:'<KEI''''/N"$#GN",O31$6>P$,Q$6>0)$*45$#-$6>RS9N'

MarEx_44.indd 21

5/24/11 10:11 PM

JACKO’CONNELL

MAY/JUNE 2011

!"#$#%&'()(*+#"&)+,#)-+#./&0$/#+1&"&23#('#1&")("4(".#()'#
5+1&*+53#65&2#)-+#5+1+''(&"#$"7#89:#.5&;)-#("#1&4")5(+'#
'41-#$'#<-("$#$"7#="7($#('#+>%+1)+7#)&#0+#5&04')#("#)-+#"+>)#
3+$5?#@)#)-+#'$2+#)(2+,#)-+#&57+50&&A#&6#753#04/A#1$55(+5'#('#
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("#$#1&")("4+7#+>1+''#&6#'4%%/3#&*+5#7+2$"7?#E&5#)-('#5+$'&",#
("74')53#+>%+5)'#7&#"&)#+>%+1)#)&#'++#$#"+$5F)+52#(2%5&*+2+")#
("#65+(.-)#5$)+',#;-(1-#7+1/("+7#75$2$)(1$//3#745(".#BCDC#$"7#
5+2$("#$)#7+%5+''+7#/+*+/'?

22

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G-+#/$')#);&#3+$5'#-$*+#%5+'+")+7#)-+#)$"A+5#("74')53#;()-#
1-$//+".+'?#<$%$1()3#-$'#&4)')5(%%+7#7+2$"7#6&5#)&""$.+#
5+'4/)(".#("#%5+''45+#&"#1-$5)+5#5$)+'?#G-('#5+/$)(&"'-(%#;(//#
1&")("4+#("#BCDD#$/0+()#)&#$#/+''+5#7+.5++?#@)#)-+#'$2+#)(2+,#
1&')#%5+''45+#%+5'(')'#("#5+/$)(&"#)&#04"A+5',#/405(1$")',#5+%$(5'#
$"7#15+;#;$.+'?
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=$>*#-%5#509#*%098,#$'(&#$%&#$+1&#$0#)&',#$%&1;#0)#'$#8&'*$#)&',#
$%&#?%')&%08,&)#@&$$&)#'$#$%&#/)0"$;#'",#-%5#$%&5#A0"$+"9&#$0#B&#
'"#+".&*$0)>*#B&*$#/)+&",#-%&"#+$#A01&*#$0#9",&)*$'",+"4#-%'$#'#
A01:'"5#+*#'88#'B09$<

“APRIL IS THE CRUELLEST MONTH”

Jack O’Connell,#)-+#'+"(&5#+7()&5#&6#)-('#2$.$J("+#$"7#$#6&52+5#
2$5()(2+#+>+14)(*+,#('#$#%5(*$)+#("*+')&5#;-&#2$3#&;"#'-$5+'#
("#'&2+#&6#)-+#1&2%$"(+'#2+")(&"+7#("#-('#1&/42"'?#G-+#*(+;'#
+>%5+''+7#("#)-('#1&/42"#$5+#-('#$"7#-('#$/&"+#$"7#$5+#"&)#("#$"3#
;$3#)&#0+#1&"')54+7#$'#("*+')2+")#$7*(1+?#

THE MARITIME EXECUTIVE

?0#*'+,#$%&#:0&$#2<#?<#38+0$#+"#%+*#10"91&"$'8#-0)(;#G-+#H$')+#

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!"#3L

MarEx_44.indd 22

5/24/11 10:11 PM

NACE International:

The Source for
Marine Corrosion Solutions
NACE offers the most recognized and widely accepted corrosion training certification programs.

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Register today for an upcoming course
at www.nace.org/education.

MarEx_44.indd 23

5/24/11 10:11 PM

MAY/JUNE 2011

Artist's sketch of High Performance Turbine
Installation Vessel under development
by Wärtsilä and Aker Solutions.

THE MARITIME EXECUTIVE

24

BLOWIN’ IN THE WIND
By Jack O’Connell

MarEx_44.indd 24

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5%(>#%&2G$.")'%+-'#8$

5/24/11 10:12 PM

OFFSHORE WIND FARMS

Offshore wind farms are old hat in Europe, where
they’ve been building them for at least the last 20
years. But the U.S. has nary a one. What gives?
The Big Picture

Building the Fleet

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25

THE MARITIME EXECUTIVE

MarEx_44.indd 25

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MAY/JUNE 2011

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5/24/11 10:12 PM

MAY/JUNE 2011

OFFSHORE WIND FARMS

THE MARITIME EXECUTIVE

26

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8"2/43+$<%64//"2#BF%+./"#%'(:%>4+453+5%:32"8/.2%>3803"$%@37

Drawing of the rotor and blades of a wind turbine. Courtesy of ESN.

?#6D$$"2B%E"#;"834$$<%I0"+%3/%3#%2"$4/",%/.%8.#/#9%@04/%I3+,%1426%
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PROVEN POWER
FOR TOUGH
APPLICATIONS

©2011 Caterpillar. All rights reserved. CAT, CATERPILLAR, their respective logos, “Caterpillar Yellow” and the “Power Edge” trade dress,
as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission.

MariExec_C6-2_Half Spread.indd 1
MarEx_44.indd 26

5/24/11 10:12 PM

OFFSHORE WIND FARMS

Damen's Fast Crew Supplier 2610 catamaran for wind farms.

MAY/JUNE 2011

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!,&'(!&A$"B01&"-$%#&7#//#5/&$'&J$#(!!&@6+1;0+5*+%)&,!-&*#5+7#-9&

27

THE MARITIME EXECUTIVE

Damen powers up with Cat® engines.
Leaders don’t compromise, and we are proud to supply power
solutions to leaders like Damen. Let our knowledge, experience,
and the world-renowned Cat support network power your success.
For more information, visit MARINE.CAT.COM

MarEx_44.indd 27

5/23/11 5:03 PM
5/24/11 10:12 PM

MAY/JUNE 2011

OFFSHORE WIND FARMS

Brave New World

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Jack O’Connell!"#!$%&"'(!)*"+'(!',!,'$&B"%(#(/$&5S$E=#(F$-

THE MARITIME EXECUTIVE

28

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Q&B4&E!"))&17&(#)&$S0"7)(F$&2$E>+&&

The Navy is calling on us, so we’re calling on you. We need experienced people to help design and build multiple ships.
Our benefits package is impressive and relocation assistance is available. Answer the call today at www.austaljobs.com.
J

J

J

J

J

Director of Module Manufacturing Facility - Phase II
Engineering Manager
Deputy Program Engineer
Test & Activation Manager
Project Engineers

J

J

J

J

J

J

Engineer III - (Washington D.C. Operations)
Senior Project & Program Coordinators
Schedulers & Planners
Contracts/Subcontracts Administrator
A-Class Aluminium Welders & Electricians
Director of Projects

Austal is an Equal Opportunity Employer

MarEx_44.indd 28

5/24/11 10:12 PM

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9-QE/QRE,Q;;(S(7+&%"'6?#FE2BT
MarEx_44.indd 29

5/24/11 10:12 PM

THE MARITIME EXECUTIVE

MAY/JUNE 2011

DAMENSHIPYARDS

DAMENSHIPYARDS

30

DAMENSHIPYARDS

Where Product Quality and Customer
Service Come Together By Tony Munoz
MAY/JUNE 2011

31

ALL PHOTOS THIS ARTICLE COURTESY DAMEN SHIPYARDS.

THE MARITIME EXECUTIVE

There is an ancient Latin expression, “Non semper ea sunt quae
videntur” – “Things are not always what they seem.” At Damen
Shipyards Group, that is exactly the case. In 1927 Jan and Rien
Damen officially opened the doors of their shipbuilding operation
after a long struggle to provide for the family when their father,
Kommer Damen, suddenly passed away in 1922. While the Damen
brothers’ evolution is a remarkable tale of hard work and perseverance, the true genius and master planner of the modern Damen
Shipyard Group is today’s Chairman, Kommer Damen, Jan’s son,
who bought the company in 1969.

Left: The third Patrol Vessel for the RNLN was moved
into the new assembly hall at Damen Shipyards Galati
yard in Romania. Above: Damen Shipyards in Cape
Town, South Africa.

DAMENSHIPYARDS

MAY/JUNE 2011

”BUILD NUMBER 1”

THE MARITIME EXECUTIVE

32

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4/25*(#%-2/%'%627$8#/%,*,.#/%'$(%."#*/%92."#/:%;$%/#92.#%
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WINDS OF CHANGE
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5'/*#.6%2-%7,#,:%

Damen Shipyards Headquarters
Gorinchem - The Netherlands

MAY/JUNE 2011

While the brothers were master tinkerers
and could fix everything from motorcycles
and bicycles to farm equipment, they also
lived near the Merwede River, so it was
natural for them to want to build a small
flat-bottomed boat. They hand-drilled the
rivet holes and beat the sheets of metal
into shape, and soon a vessel of their own
design measuring 4.8 meters long and 1.7
meters wide was launched. When a ship
captain spotted the small boat, he negotiated to buy it for 175 guilders, and the
brothers entered the sale into their books
as “build number 1” in 1927.

33

THE MARITIME EXECUTIVE

MAANY U
J
/ JAURNY E
/ F2E0B1R1U A R Y 2 0 1 1

DAMENSHIPYARDS

THE MARITIME EXECUTIVE

34

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6,/0?0)/#',#'()0+#-7)50?05.'0,4->#

DAMENSHIPYARDS

MAY/JUNE 2011

35

THE MARITIME EXECUTIVE

DAMENSHIPYARDS

MAY/JUNE 2011

Complete Rig and
0DULQH9HVVHO5HSDLU
and Refurbishment

THE MARITIME EXECUTIVE

36

W

ith over 60 years experience, Gulf Copper
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Your Service
Partner for Diesel
Technology

͞ŽƐƚƐƚŝŵĂƚŝŶŐ^ĞƌǀŝĐĞƐΘ
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17 Years of Excellent Service
1994-2011

Marine Turbo & Diesel, Inc.
1090 7th Street
Richmond, CA 94801 U.S.A.
Phone: 510-236-3525
Fax: 510-236-3576
www.marineturbodiesel.us 

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DAMENSHIPYARDS

MAY/JUNE 2011

!"#$"%%&"'$()$*&$+)!!),$*-./,&..$.&,.&0$
/($1".$2/.$(&,"+/(#$()$3)44)1$2/.$5'&"!$",5$
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(2&$5/33&'&,+&9$:)!&$!"#$+"44$/($4-+;0$*-($
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<)5"#0$(2&$+)!%",#$2".$!)'&$(2",$==$
.2/%#"'5.$",5$'&4"(&5$+)!%",/&.$"44$)>&'$
(2&$1)'459$?($&!%4)#.$)>&'$@0AAA$1)';&'.9$
:/,+&$(2&$5&+/./),$()$.(",5"'5/8&$5&./7,.$
3)'$B-/+;$5&4/>&'#$*"+;$/,$CD@D0$/($2".$*-/4($
)>&'$E0AAA$!)5-4"'$",5$),&6)33$+-.()!$
>&..&4.9$F&$".;&5$G)!!&'$H"!&,$"*)-($
(2&$3-(-'&$)3$.2/%*-/45/,70$",5$2&$1".$>&'#$
)%(/!/.(/+$"*)-($(2&$!"';&(%4"+&$",5$(2&$
/,5-.('#9$H"!&,I.$.),0$J',)-(0$/.$,)1$
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",5$12/4&$(2&$,&M($7&,&'"(/),$/.$*&/,7$
7'))!&5$()$!)>&$*&#),5$(2&$+)!%",#I.$
CAA(2$",,/>&'."'#$/,$NANO0$/(.$+)'&$>"4-&.$
)3$&M+&44&,+&$",5$+-.()!&'$.&'>/+&$'&!"/,$
-,+2",7&59$
Mar!"
!"#$%&'#"($/.$P-*4/.2&'$",5$Q5/()'6/,6
K2/&3$)3$!"#$%&'()(*#$+,#-.)(/#0

39

Riocentro

REGISTER NOW

.

4-6 October 2011
Rio de Janeiro, Brazil
www.OTCBrasil.org

Technical Program ƕExhibition ƕ Sponsorship ƕ Advertising

The OTC Brasil 2011 technical program presents solutions for
a wide assortment of topics and issues. These topics range
from updates on major projects to new technologies and
techniques to HSE and regulatory issues. At the topical
luncheons and panel sessions, companies such as Shell, OGX,
Latin American National Oil Companies and Halliburton
will discuss current and future projects in the region.

Main Exhibition
Hall

Registration &
Exhibition Hall

Technical
Sessions

Contact Info:

Email: info@otcbrasil.org
Phone #: 1 (281) 491-5908
Fax #: 1 (281) 491-5902

ZZZ27&%UDVLORUJ

OTC Brasil will provide a unique Brazilian flair that allows attendees and exhibitors to experience memorable social and business
networking events and learn from peer-selected technical presentations, making OTC Brasil a compelling event to participate in.

THE MARITIME EXECUTIVE

OTC Brasil 2011

MAY/JUNE 2011

KOMMERDAMEN

THE MARITIME EXECUTIVE

40

CHAIRMAN, DAMEN SHIPYARDS GROUP
He has run the company founded by his father and uncle for
more than 40 years, through good times and bad. For Kommer
Damen, the best is yet to come. By Tony Munoz
MarEx: Tell us about the history of Damen Shipyards Group that began in 1927 and its growth
from a single yard to a global powerhouse with
33 shipyards and related companies worldwide.
Damen: !"#$%&'()#%*+#',-#.)/&'()0#1%*#%*+#2,(*0#
)(-3(4&,5(6"0#.(7%*#&'(#4/83%*"#,*#%#-'(+#*(9&#&/#
&'(#$%8,6"#'/8(#,*#&'(#:;&4'#5,66%7(#/$#<%)+,*95(6+#
,*#=>??@#A'("#$/)8%6,B(+#&'(#4/83%*"#%-#:%8(*#
C)/&'()-#,*#=>?D@#E&#)(8%,*(+#%#-8%66#.;&#3)/8,F
*(*&#./%&#.;,6+()#;*&,6#E#3;)4'%-(+#&'(#4/83%*"#
$)/8#8"#$%&'()#,*#=>G>#H,&'#&'(#8/+;6%)#4/*4(3&#

$/)#.;,6+,*7#-8%66#./%&-#%*+#6%;*4'(-@#A',-#H%-#
%*#,88(+,%&(#-;44(--#%*+#$)/8#&'()(/*#H(#7)(H#
7)%+;%66"#&,66#&/+%"#%*+#'/3(#&/#4/*&,*;(@
MarEx: In 1969 the modular concept was new.
How did you come up with it?
Damen:#I)/8#&'(#&,8(#E#H%-#%#./"#E#H%-#%6H%"-#
%)/;*+#:%8(*#C)/&'()-#%*+#)(8(8.()#46,(*&-#
%-J,*7#%./;&#.;,6+,*7#./%&-#H,&'#%#-'/)&()#+(6,5()"#
&,8(0#.;&#.%4J#&'(*#&'("#4/;6+*K&@#E#)(4%66#&',*JF
,*70#LE$#%66#&'(#4/83/*(*&-#%*+#';66-#H()(#,*#-&/4J0#
./%&-#4/;6+#.(#&;)*(+#%)/;*+#,*#H((J-@M#A'(#H'/6(#

KOMMERDAMEN
“…we have fully tested…fuel-consumption reduction for inland waterways ships through
the Damen “Air Chamber Energy Savings” (ACES) system, which has a proven 15 percent
reduction in fuel for typical operational speeds.”

MAY/JUNE 2011

41

THE MARITIME EXECUTIVE

!"#$%&'()*+,)('()$-'."-'(**'/$-0&1'2+('3'045.'$('.*+%6'25'"'-+78
75--9':!(5/'3'(**0'7*4(/*%'*!'()5'7*#;"4&'3'25,"4'65%$<5/$4,'2*"(-'
$4'.550-'"461'%"(5/'*41'.5'25,"4'65%$<5/$4,'!*+/'(*'!$<5'2*"(-'$4'
"'!5.'.550-9'=*6+%"/'7*4-(/+7($*4'*!'-("46"/6$>56'-)$;-')"-'
5<$654('"6<"4(",5-1'-+7)'"-'-)*/(5/'65%$<5/&'($#5-'"46'%*.5/';/*8
6+7($*4'7*-(-1'"46'-("46"/6$>56'-)$;-'"/5'25((5/'()"4'-$4,%582+$%('
-)$;-'257"+-5'#*/5'5#;)"-$-'7"4'25';+('*4'()5'65-$,4'"46'()5'
7*4($4+"%'$#;/*<5#54('*!'()5'-("46"/6$>56'65-$,49'
?5'6$6'()5'"4"%&-$-'"46'!*+46'@"#54'<5--5%-')"<5'25((5/'/5-"%5'
<"%+51'.)$7)'#"05-'!$4"47$4,'5"-$5/'6+5'(*'()5$/'-57*468)"46'
<"%+59'A)5'!%55(-'"%-*')"<5'%*.5/'*;5/"($4,'7*-(-'257"+-5'()5'
*;5/"(*/'4556-'!5.5/'-;"/5';"/(-'$4'-(*709'B/5.'7)"4,5-'"/5'"%-*'
#+7)'5"-$5/'.$()'-("46"/6$>56'<5--5%-9'
MarEx: You are a naval architect and marine engineer by
training. When did you begin working for Damen and in
what capacity?
Damen: 3'*!!$7$"%%&'C*$456'()5'7*#;"4&'"!(5/'(57)4$7"%'7*%%5,5'$4'
DEFG1'2+('3')"6'"%."&-'2554'"--*7$"(56'.$()'()5'!"#$%&'2+-$45--'
"46'3'045.'()$-'."-'#&'7"/55/9'
MarEx: In 1969 you took control of the company from your
father and uncle. How many yards did the company have at
the time, and when did you begin the global expansion?
Damen: 3'2*+,)('*45'&"/6'*!'()5'()/55'()"('5H$-(56'"('()5'($#51'
"46'3'25,"4'.$()'*4%&'-$H'5#;%*&55-9'?5'25,"4'5H;*/($4,'2*"(-'
$##56$"(5%&'257"+-5'#"4&'@+(7)'6/56,$4,'7*#;"4$5-'.5/5'
-*#5'*!'*+/'#"$4'7%$54(-'"46'()5&'.5/5'.*/0$4,'"%%'*<5/'()5'
.*/%69'3('."-'"4'5H7$($4,'($#5'"46'*+/'<5--5%-'257"#5'"'-("46"/6'
$4'#"4&'!*/5$,4'#"/05(-9
MarEx: Damen is a family-owned company with turnover
of €1.3 billion ($1.8 billion). Will the company stay private
and is the next generation of the family being groomed for
corporate management?
Damen: I5-1'()5'7*#;"4&'.$%%'/5#"$4';/$<"(5'"46'$4'()5')"46-'*!'
()5'!"#$%&9'3'"%-*')*;5'()"('()5'#"4",5#54('.$%%'"%-*'-("&'.$()$4'
()5'!"#$%&'!*/'-*#5'($#5'(*'7*#51'2+('$('$-'4*('4575--"/&9
MarEx: How big is the company?
Damen: A*6"&'()5'7*#;"4&')"-'F1JJJ'5#;%*&55-'.*/%6.$65'"46'
.5'*;5/"(5'$4'DD'7*+4(/$5-1'2+('.5'"%-*')"<5'4+#5/*+-'"!!$%$"(5'
"--*7$"($*4-'$4'#"4&'#*/5'7*+4(/$5-9'K$475'3'(**0'()5'/5$4-'$4'
DEFE1'()5'7*#;"4&')"-'2+$%('*<5/'L1LJJ'<5--5%-1'"46'.5'2+$%6'
"2*+('DLJ'"'&5"/9'?5'*;5/"(5'$4'#"4&'-)$;2+$%6$4,'-57(*/-'"46'
)"<5'(/$56'(*'257*#5'"'%5"65/'$4'()5-5'-57(*/-'"-'.5%%'"-'"';/*#$8
454('"46'/57*,4$>56'-)$;2+$%65/'()/*+,)*+('()5'.*/%69'
MarEx: Damen also builds naval, coast guard and patrol
vessels for governments around the world. In the U.S.,
many of these projects go way over budget. Does Damen
employ standardized designs with these vessels and, overall, are deliveries on time and budget?
Damen: I5-1'.5'"%-*'-("46"/6$>5'#$%$("/&'-)$;'65-$,4-'!*/'4"<"%'
<5--5%-1';"(/*%'2*"(-'"46'7*"-(',+"/6'-)$;-9'K("46"/6$>"($*4';/*8
<$65-'+-'.$()'#*/5'"77+/"(5'7*-('5-($#"(5-'"46'65%$<5/&'($#5-9'K*'
.)54'.5'*2("$4'"'7*4(/"7('*+/'5H;5/$5475'.$()'2+$%6$4,'-("48
6"/6865-$,4'-)$;-'#"05-'()5'.)*%5';/*75--'#*/5'"77+/"(5'"46'

#"4",5"2%5'$4'(5/#-'*!'5M+$;#54('7*-(-'"46'%"2*/9'A)5'%"/,5-('
#$%$("/&'<5--5%'@"#54')"-'2+$%('$-'()5'N*$4('K+;;*/('K)$;'ONKKP'
!*/'()5'@+(7)'Q"<&'"('RJS9G'#5(5/-'OFGD'!55(P9'?5')"<5'2554'
<5/&'"7($<5'$4'#$%$("/&'-)$;2+$%6$4,'-$475'RJJJ'.)54'.5'(**0'*<5/'
()5'@+(7)'-("(58*.456'-)$;&"/6'TU*&"%'K7)5%659V'
MarEx: The maritime industry is one of the most regulated in the world. What designs has the R&D department
developed concerning ship emissions, and what is the E3
tug initiative?
Damen: W+/'UX@',/*+;')"-'!*7+-56'*4'()5'/56+7($*4'*!';*.5/'
"46'#55($4,'()5'%*.5/'5#$--$*4'/5M+$/5#54(-'()"('"/5'25$4,';+('
*4'()5'-)$;;$4,'$46+-(/&'"/*+46'()5'.*/%69'?5')"<5'%*4,')"6'"'
,545/$7'04*.%56,5'"46'()5'(**%-'!*/'";;%$7"($*4'()/*+,)*+('()5'
!+%%'/"4,5'*!'*+/';/*6+7('%$45-9'W+/'@"#54'TK5"':H5V'7*475;('
/56+75-'!+5%'7*4-+#;($*4'2&'RJ';5/754('$4'/5"%'*;5/"($*4"%'7*48
6$($*4-9'?5Y<5'";;%$56'()$-'-+775--!+%%&'$4'*!!-)*/5'!"-('7/5.Z-+;8
;%&'<5--5%-1';"(/*%'2*"(-'"46'#5,"&"7)(-9':66$($*4"%%&1'.5')"<5'
!+%%&'(5-(561'"!(5/'5H(54-$<5'/5-5"/7)1'!+5%87*4-+#;($*4'/56+7($*4'
!*/'$4%"46'."(5/."&-'-)$;-'()/*+,)'()5'@"#54'T:$/'B)"#25/'
[45/,&'K"<$4,-V'O:B[KP'-&-(5#1'.)$7)')"-'"';/*<54'DL';5/754('
/56+7($*4'$4'!+5%'!*/'(&;$7"%'*;5/"($*4"%'-;556-9
A)5'T[\'A+,1V'.)$7)'-("46-'!*/'[4<$/*4#54("%%&'!/$546%&1''

KOMMERDAMEN

MAY/JUNE 2011

“…The “three E” criteria have been tested and optimized for the operational profile of a
harbor tug, and the result is a hybrid propulsion configuration with a shore power supply
system capable of reducing harmful emissions by 60 percent over conventional tugboats.”

THE MARITIME EXECUTIVE

42

!""#$#%&'(#&()*%+,'#)&-.(,&/(!$)&)0#$,112(3#,41%.(#-(,($))*5
%+,'#)&()"(6,0%&.(%&/57-%+(80#'.(,&/(*)9%+(0,&,:%0%&'(
-7**1#%+(;1%9#<&-%(')(/%3%1)*(,(1)95%0#--#)&-(=,+4)+('7:>(
?=%(@'=+%%(!A($+#'%+#,(=,3%(4%%&('%-'%/(,&/()*'#0#B%/(")+('=%(
)*%+,'#)&,1(*+)"#1%()"(,(=,+4)+('7:.(,&/('=%(+%-71'(#-(,(=24+#/(
*+)*71-#)&($)&"#:7+,'#)&(9#'=(,(-=)+%(*)9%+(-7**12(-2-'%0(
$,*,41%()"(+%/7$#&:(=,+0"71(%0#--#)&-(42(CD(*%+$%&'()3%+(
$)&3%&'#)&,1('7:4),'->((
MarEx: Offshore wind is a fast-growing business and
well-established in Europe. The U.S. has finally approved
its first wind farm off Massachusetts. Does Damen build
vessels for wind farm projects?
Damen: E&/%%/.(9%(=,3%(47#1'(0,&2(4),'-('=,'()*%+,'%(")+(
9#&/(",+0(47-#&%--%-(,11()3%+(!7+)*%>(F%(+%$%&'12(/%-#:&%/(,(
",-'(@;G%(H)9A($,',0,+,&(')(-%+3#$%(9#&/0#11-(,'(",+(/#-',&$%-(
"+)0('=%($),-'>(
MarEx: Damen builds public transportation vessels too.
According to a company brochure, all of these ferries are
built in Singapore. Why in Singapore, and does the company use different locations for specific designs?
Damen: F%('))I()3%+('=%(")+0%+(J3,%&%+(K<%11-'+,&/(",-'(
"%++2(47-#&%--(#&(8#&:,*)+%>(L)9%3%+.(9%(,1-)(47#1/(",-'(
"%++#%-(#&(M=#&,(#&($))*%+,'#)&(9#'=(;K;E(#&(N7,&:B=)7>(E&(
:%&%+,1.(9%('+2(')(47#1/()&%('2*%()"("%++2(,'(,(2,+/(4%$,7-%()"(

'=%($)-'(,/3,&',:%-.(%-*%$#,112(")+(1,+:%+("%++#%->(?=%(%G$%*'#)&(
')('=#-(+71%(#-(9=%&(9%(47#1/(-0,11%+("%++#%-(/7%(')('=%($)-'()"(
'+,&-*)+'#&:('=%0(')('=%#+(,+%,-()"()*%+,'#)&>
MarEx: Damen provides financing for its clients and for
governments too. Do most customers take advantage of
this? What is the “buyback” program?
Damen: ?=%(",$'(#-(,4)7'(OD(*%+$%&'()"()7+('7+&)3%+(=,-(#&5
3)13%/()""%+#&:(,("#&,&$#,1(*,$I,:%.(47'()&12(PD(*%+$%&'(=,-(#&5
$17/%/("#&,1("#&,&$#&:(")+('=%($1#%&'>(E&('%+0-()"('=%(@4724,$IA(
*+):+,0.(9%(=,3%(4%%&(,41%(')(:7,+,&'%%(,(4724,$I()&($%+',#&(
3%--%1('2*%-.(9=#$=(,11)9-(7-(')(472('=%(3%--%1(4,$I(,&/(+%-%11(
#'(#&('=%(0,+I%'*1,$%>(E(,0(3%+2(*+)7/(')(-,2('=,'(0,&2()"('=%(
'7:-(,&/(9)+I4),'-(,+%(-)1/(#&')('=%(0,+I%'(,"'%+(PD(2%,+-()"(
-%+3#$%(")+('=%(-,0%(*+#$%(,-('=%2(9%+%()+#:#&,112>(L)9%3%+.(
'=%(4724,$I(*+):+,0()&12(+%1,'%-(')('7:-(,&/(9)+I4),'->
MarEx: Damen also builds components and specialized
equipment for ships of all kinds. Please explain that part
of the business.
Damen: F=#1%(#'(#-(&)'(,($)+%(47-#&%--.(9%(=,3%(+%/7$%/(
*+)/7$'#)&($)-'-(42(47#1/#&:()7+()9&(+7//%+-.(&)BB1%-(,&/(
*)9%+(-2-'%0->(?=%-%(-2-'%0-(,+%()&12(47#1'(,&/(7-%/(")+('=%(
1,+:%-'(-%+#%-(9%(47#1/.(,&/(9%(-%11('=%0()&12(')()'=%+($)15
1%,:7%(-=#*2,+/->
MarEx: The global downturn hurt shipbuilders around
the world. Did the downturn of 2007 through 2009 impact
your company?
Damen: F=#1%('=%(%$)&)0#$(/)9&'7+&(,""%$'%/(0,&2($)05
*,&#%-('=+)7:=)7'('=%(0,+#'#0%(#&/7-'+2.(E(,0(*1%,-%/(')(-,2(
9%()&12(=,/(,(-0,11(-1)9/)9&(#&('7+&)3%+(,&/(*+)"#'-.(,&/('=%(
*+)"#'-(9%+%(&)+0,1(,:,#&(1,-'(2%,+>(?=%($)0*,&2(#-($)&'#&75
#&:(#'-()+:,&#$(:+)9'=(42(472#&:(*+)/7$'#)&($,*,$#'2(#&($)05
*%'#'#3%(0,+I%'-.(%-*%$#,112('=)-%($)0*,&#%-(9=)-%(*+)/7$'-("#'(
)7+()3%+,11(-'+,'%:2>(
MarEx: Can you benchmark the shipbuilding industry in
2011 for us?
Damen: F=%&(E(-'7/#%/(Q,3,1(;+$=#'%$'7+%(,&/(R,+#&%(!&:#5
&%%+#&:.(0)+%('=,&(OD(*%+$%&'()"(,11('=%(-=#*47#1/#&:($,*,$#'2(
)"('=%(9)+1/(9,-(#&(8$)'1,&/>(E'(9,-('=%&(',I%&()3%+(42(S,*,&.(
,"'%+9,+/-(J)+%,.(,&/(&)9(M=#&,(/7%(')(1)9%+(1,4)+($)-'->(E&(
'=%("7'7+%.(;-#,(9#11(4%('=%($%&'%+(")+(47#1/#&:('=%(0,<)+#'2()"(
$,+:)(-=#*-.(47'(E(,1-)(4%1#%3%('=%+%(9#11(4%(+))0(")+(-*%$#,1#B%/(
3%--%1-(#&('=%(+%-'()"('=%(9)+1/>(F=#1%('=%(%&'#+%(#&/7-'+2(=,-(
4%%&(,""%$'%/(42('=%($)11,*-%()"('=%(:1)4,1(%$)&)02.(-=#*47#1/5
#&:(#-(+%$)3%+#&:>(;'(6,0%&.(9%(/#/&T'(=,3%(07$=('+)741%.(
47'()7+('7+&)3%+(-7""%+%/(,(1#''1%(9#'=(1)9%+(*+)"#'->(F#'=('=,'(
-,#/.(E(,0(%G'+%0%12()*'#0#-'#$(,4)7'(&%9(0,+I%'-(#&(!7+)*%(
,&/()""-=)+%(%&%+:2.(,&/('=%(*)'%&'#,1(")+(0#1#',+2(,&/($),-'(
:7,+/(-=#*-(9#11($)&'#&7%(')(:+)9(,-(%0%+:#&:($)7&'+#%-(&%%/(
')(*+)'%$'('=%#+(4)+/%+-(,&/()""-=)+%(,$'#3#'#%->(M)&-%U7%&'12.(E(
,0(3%+2()*'#0#-'#$(,4)7'('=%("7'7+%()"(-=#*47#1/#&:('=+)7:=)7'(
'=%(9)+1/()3%+('=%(&%G'("%9(2%,+->(((((
MarEx: Thank you. That’s good news for Damen and the
entire industry.
Mar!"

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MarEx_44.indd 43

5/24/11 10:40 PM

By H. Clayton Cook, Jr.

MAY/JUNE 2011

AMERICA'S MARINE HIGHWAY

Dead in the Water?

THE MARITIME EXECUTIVE

44

F

!"#$!"%#&'()#(#*%+(*%,#-."!/%#()*#&'%#0121#'(3%#45&)%66%*#5)+"%(65)7#
'57'4(8#&"(995+#+!)7%6&5!)#()*#+!)65*%"%*#&'%#/!665:;%#.6%#!9#4(&%"#&"()6<
/!"&#(6#(#'57'4(8#6.//;%$%)&#()*#(;&%")(&53%1#='%#-."!/%()#>!$$.)5&8#
'(6#$!3%*#&!#%$:"(+%#4(&%"#&"()6/!"&#9!"#5&6#+!)&(5)%"#()*#"!?"!#&"(995+#.65)7#
/"!7"($6#;5@%#&'%#A("+!#B!;!#()*#A!&!"4(86#!9#&'%#2%(#5)5&5(&53%61#C)#&'%#0121,#
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MarEx_44.indd 44

5/24/11 10:26 PM

MarEx_44.indd 45

AMERICA'S MARINE HIGHWAY

BERT

TO N
A

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Telephone - (757) 873-6800
Facsimile - (757) 873-3632
Toll Free - 1 855-873-6800
WWWEBACUSACOM s SALES EBACUSACOM 
4HIMBLE 3HOALS "LVD 3TE  s .EWPORT .EWS 6! 

GIL

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RC

John W. Gilbert Associates, Inc.

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45

THE MARITIME EXECUTIVE

The Short Sea Transportation Program

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MAY/JUNE 2011

America’s Marine
Highway program is
in danger of expiring
for lack of government
support – and money.
What happened?

HITECTS

B

Gilbert Naval Architects Boston
Naval Architects and Marine Engineers
350 Lincoln Street - Suite 2501
Hingham, MA 02043
Telephone: 781-740-8193
Facsimile: 781-740-8197
E-mail address: inbox@jwgainc.com
Website: www.jwgainc.com

5/24/11 10:42 PM

AMERICA'S MARINE HIGHWAY

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MarEx_44.indd 46

Report to Congress

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5/24/11 10:42 PM

Government Actions and Assistance

MarEx_44.indd 47

AMERICA'S MARINE HIGHWAY
47

THE MARITIME EXECUTIVE

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7)2,&,3),&()'%&"7&,3$&/(1"*,)',&1>A#/2&A$'$7/,!&"7&:),$*&,*)'!1"*,),/"'&4&4&4&&2)''",&A$&2)1,>*$.&/'&,3$&7"*(&"7&3/?3$*&*$0$'>$!&"*&
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,3$!$&23)##$'?$!&)'.&)!!/!,&,3$&$K1)'!/"'&"7&B)*/'$&C/?3:)%&
!$*0/2$!&/'&)&!/?'/7/2)',&()''$*45

5/24/11 10:42 PM

MAY/JUNE 2011

AMERICA'S MARINE HIGHWAY
THE MARITIME EXECUTIVE

48

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MarEx_44.indd 48

End of the Highway?   

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I&(8)"##J%4&)%4.)/7")%$"8,#$*/,!"%&)%*+5,(,#/)*/,!"%*-/,&(%/7*/%
/7"%D"-)"/*)2%&4%=)*(#6&)/*/,&(%-&(#,+")#%*66)&6),*/"0G%E(#/"*+3%
/7"%)"6&)/%6)&!,+"#%&($2K%G#.88"#/,&(#%4)&5%/7"%/)*(#6&)/*/,&(%
-&55.(,/20%0%0%'7,-7%*)"%.(+")%-&(#,+")*/,&(%:2%/7"%L+5,(,#/)*9
/,&(%*(+%/7.#%(&/%("-"##*),$2%"(+&)#"+%:2%<LMLN3%CD%NO=3%&)%
/7"%L+5,(,#/)*/,&(3%/7*/%#/*P"7&$+")#%#*2%-&.$+%,(+.-"%,(-)"*#"+%
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*)"%*##.)"+%/7*/%<LMLN%',$$%'&)P%/&%S,(-&)6&)*/"%L5"),-*Q#%
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/7"%;*):&)%<*,(/"(*(-"%=*>3%&)%&4%#.66&)/%4&)%*%'"$$94.(+"+3%
5.$/,2"*)%<LMLN%=,/$"%WE%6)&8)*5%4&)%/7"%4,(*(-,(8%("-"#9
#*)2%4&)%/7"%-)"*/,&(%&4%/7"%-&(/*,(")%*(+%)&B)&%4$""/#%&4%X?AY9
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5,$$,&(%&4%/7"%X`a0a%5,$$,&(%&4%,/#%">,#/,(8%=,/$"%WE%*./7&)9
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#*-),4,-"%+.),(8%/7"#"%-7*$$"(8,(8%"-&(&5,-%/,5"#0G%L(+%'7,$"%
/7"%D"-)"/*)2%#6&P"%&4%5.$/,:,$$,&(9+&$$*)%,(!"#/5"(/#%4&)%#,>92"*)%
*./7&),V*/,&(#%,(%7,879#6""+%)*,$3%)&*+%*(+%:),+8"%,56)&!"5"(/#3%
*(+%)"7*:,$,/*/,&(%&4%">,#/,(8%/)*(#,/%#2#/"5#3%/7"%"(/,)"%<LMLN%
&6")*/,(8%:.+8"/%)"Z."#/%'*#%&($2%XFA`0b%5,$$,&(0%%
D&3%6")7*6#%'"%7*!"%*%N"-"5:")%@YYb%)"6&)/3%+"$,!")"+%,(%
L6),$%@Y??3%*(+%(&/%*%8)"*/%+"*$%5&)"0%
!"#c>

Clay Cook!"#!$%&'#()!*%!+(,-./!0!1"##())!223!-'/!-!4%.5(.!
6('(.-)!$%&'#()!%4!*7(!8-."*"5(!9/5"'"#*.-*"%':

5/24/11 10:42 PM

New York’s Largest Ship Repair Facility
“Anytime, Just in Time Ship Repair & Conversion”

Bayonne Dry Dock
& Repair Corp.
PO BOX 240 / MOT Rt. 440
Bayonne, NJ 07002
Tel: 201-823-9296
Fax: 201-823-9298
www.bayonnedrydock.com

GMD Shipyard Corp.
Brooklyn Navy Yard
Building 595
Brooklyn, NY 11205
Tel: 718-260-9200
Fax: 718-260-9284
www.gmdshipyard.com

“On Time, On Budget Every Time”
MarEx_44.indd 49

5/24/11 10:42 PM

Global Shipbuilding
and Repair:
By Robert C. Spicer

MAY/JUNE 2011

Riding the Rebound

THE MARITIME EXECUTIVE

50

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0*,&'&1',9!%&%5'%&$"&'),!'27&()6%%!2:&?5!&@6,*#!'.&7',2"&',!&5*)24
$.(&%5!$,&*3.&'"&3!))/&5!)#!2&+7&'.&6#"6,(!&$.&-,6$"!&"5$#&-*.%,'-%"&
'.2&!A#'.2$.(&*00"5*,!&*##*,%6.$%$!"&)$9!&3$.2&0',1":&B.&%5$"/&*6,&
'..6')&C)*+')&D5$#+6$)2$.(&'.2&E!#'$,&$""6!/&3!&-$,-)!&%5!&()*+!&%*&
"6,8!7&%5!&1',9!%&'.2&"!!&35'%F"&.!3&$.&*6,&$.26"%,7:&

FROM VLADIVOSTOK TO GIBRALTAR

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"%*9:&M<DD&$"&#',%&*0&%5!&"%'%!4*3.!2&P.$%!2&D5$#+6$)2$.(&<*,4
#*,'%$*./&$"&!'(!,&%*&'%%,'-%&.!3&+6"$.!""&'.2&5'"&$.8$%!2&!A#!,%"&
0,*1&J*)'.2&'.2&*%5!,&-*6.%,$!"&%*&#,*8$2!&Q6')$0$!2&@6,*#!'.&
"5$#&2!"$(.&'.2&+6$)2$.(&!A#!,%$"!&%*&"6##*,%&%5!&'.%$-$#'%!2&
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"5$#+6$)2$.(&#,*(,'1/&%5!,!&$"&'.&!A#!-%'%$*.&%5'%&%5!&(,*3%5&*0&
%5$"&,!($*.&3$))&-*.%$.6!&0*,&"*1!&%$1!/I&"'$2&K$)*.:&B(*,&K*,+*%/&
C!.!,')&M$,!-%*,&*0&M<DD/&+!)$!8!"&%5'%&%5!&$1#,*8!1!.%"&$.&
"5$#&2!"$(.&'.2&-*."%,6-%$*.&3$))&'%%,'-%&"5$#*3.!,"&%*&$.8!"%$4
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$!"&5'8!&)!2&%*&'&"5$#+6$)2$.(&+**1&3$%5&%5!&"%'%!&*$)&-*1#'.7/&
J!%,*+,'"/&!A#!-%!2&%*&-*11$""$*.&1*,!&%5'.&TUU&*00"5*,!&"6#4
#*,%&8!""!)"&'.2&TV&2,$))&"5$#"&$.&%5!&#!,$*2&'5!'2&6"$.(&K,'S$)$'.&
-*.%!.%:&W.!&-*1#'.7&%*&%'9!&'28'.%'(!&$"&R*6"%*.4+'"!2&@)!-4
%,*.$-&J*3!,&M!"$(.&L@JMN/&35$-5&*#!.!2&'.&*00$-!&$.&X$%!,*$&
'-,*""&0,*1&E$*&2!&='.!$,*&3$%5&"!8!.&K,'S$)$'.&%!-5.$-')&"6##*,%&
!.($.!!,":&@JM&$"&.*%&'&"5$#7',2&+6%&3*,9"&-)*"!)7&3$%5&+*'%&
+6$)2!,"&'.2&*%5!,"&%*&#,*8$2!&'28'.-!2&#*3!,&"7"%!1"&0*,&8!"4
"!)":&Y$%5&%5!&,!-!.%&*,2!,&*0&0*6,&C6$2*&J!,)'F"&CJZ4[VVD<&'.2&
JDO4\]UU&8!""!)"&!Q6$##!2&3$%5&@JM&#*3!,&"7"%!1"/&=*5.&X*,4
3**2/&O$-!&J,!"$2!.%&*0&K6"$.!""&M!8!)*#1!.%/&$"&*#%$1$"%$-^&GY!&
"!!&'&(,!'%&06%6,!&$.&K,'S$)/&35$-5&$"&*.!&*0&%5,!!&,!($*."&35!,!&

MarEx_44.indd 50

5/24/11 10:46 PM

Global Shipbuilding and Repair

While not the best of times, it’s not the
worst either, and these yards are doing
a good job of staying more than afloat.

MAY/JUNE 2011

51

THE MARITIME EXECUTIVE

MarEx_44.indd 51

5/24/11 10:26 PM

MAY/JUNE 2011

Global Shipbuilding and Repair

Quibian in Panama Canal.

!"#$%"#"&'$()*(+,#-."#/0."%#0!/#$%"#1.*($#$()#2*(+$'/%",3#
451#6"%!")"#7,8,9#-."#:"0."%;$()<9#*<#0."#+;/=$;#>$%?"0#
;"$)"%#@/%#"@@*A*"(0#)%")+*(+#$()#>*(*(+#B"<<";<#$()#"CD*'>"(0,#
EAA/%)*(+#0/#*0<#F%"<*)"(09#G/B"%0#5$>"%<9#H451#6"%!")"#.$<#
$<#*0<#?"I#AD<0/>"%#@/AD<#*((/B$0*B"#B"<<";<9#$)B$(A")#"CD*'>"(0#
$()#;*@"JAIA;"#<D''/%0,#451#6"%!")"#A$(#'%/B*)"#"B"%I#";">"(0#
/@#A/<0#<0%DA0D%"#$()#0"A.(/;/+I#@/%#/'0*>*K*(+#/D%#'%/)DA0<,3#
L(#0."#"CD*'>"(0#<*)"9#451#6"%!")"#'%/B*)"<#*((/B$0*B"#$D0/J
>$0*A#"&A$B$0/%<#0.$0#(/!#A$(#$D0/>$0"#/'"%$0*/(<#0/#0."#;"B";#/@#
$#/("J>$(#)%")+*(+#/'"%$0*/(,#E()#*((/B$0*/(#A/(0*(D"<,#451#
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*<#/(#0."#AD00*(+#")+"#/@#)""'#<"$#>*(*(+#0"A.(/;/+I,#EAA/%)*(+#
0/#5$>"%<9#HM"#$%"#@/AD<")#/(#)""'#<"$#)%")+"#>*(*(+#$%/D()#

0."#!/%;)#$()#$%"#'*/(""%<#*(#"&0%$A0*(+#>*("%$;<#@%/>#0."#/A"$(#
@;//%#$0#)"'0.<#/@#N#J#O9PPP#>"0"%<,3#Q$<0#I"$%#451#6"%!")"#
$ACD*%")#66F#1$'"#-/!(9#2/D0.#E@%*A$#R#(/!#?(/!(#$<#451#
66F#R#!."%"#)%")+*(+#*(#D()"%<"$#B/;A$(*A#)"'/<*0<#'%/B*)"<#
'/0"(0*$;#0/#%"A/B"%#;$%+"#+/;)#)"'/<*0<#$()#%$%"#"$%0.#>"0$;<#%"<0J
*(+#/(#0."#<"$#@;//%,#E<#$#%";*$=;"#<D'';*"%#/@#AD<0/>J=D*;0#<.*'<#
$()#"CD*'>"(0#@/%#/@@<./%"#A/(<0%DA0*/(9#451#6"%!")"#*<#%"J
(/!(")#@/%#@/AD<*(+#/(#0."#)"B";/'>"(0#/@#*((/B$0*B"#</;D0*/(<9#
$<#.*+.;*+.0")#=I#*0<#'/<*0*/(#$<#0."#0"A.(/;/+I#*((/B$0/%,#
G*=)/A?#G*=%$;0$%#S+D"<<#!."%"#*0T<#;/A$0")UV#/@@"%<#$#I"$%J
%/D()#)%I#A;*>$0"#$()#0."#'"%@"A0#;/A$0*/(#@/%#<.*'#%"'$*%#$()#
>$*(0"($(A",#Q$<0#>/(0.#*0#A/>';"0")#0."#)%I)/A?*(+#/@#0."#
!"#$%#&'()*)+,-./#&#@/%#1/;D>=*$#2.*'>$($+">"(0,#H-.*<#

THE MARITIME EXECUTIVE

52

Austal Shipbuilding progress. 

One of the World’s Leading Registries 
A quality and respected flag 
IMO Council Member 
Active Shipowners Association 
Established Legal System 
Inspectors Worldwide 
On all Regional MOU Whitelists 
Stable Democratic Government

MarEx_44.indd 52

OFFICES WORLDWIDE:
s LONDON
s NEW YORK
s NASSAU
s PIRAEUS
s HONG KONG
s TOKOYO
s LEER

t: +(44) 20 7562 1300
t: +(1) 212 829 0221
t: +(1) 242 356 5772
t: +(30) 210 941 1603
t: +(852) 2522 0095
t: +(81) 3 6400 8525
t: +(49) 0491 912 1787

Contact us

www.bahamasmaritime.com

5/24/11 10:26 PM

Global Shipbuilding and Repair

Talleres Navales del Golfo S.A de C.V. Cutting & Forming Shop.

!"#$"$#%&'%(%)"'*$+,-./)*$)-00/,)%"112$(-,$3%45-)67$"#$%*$!"#$*8/$
(%,#*$*%0/$!/$8"5$5-)6/5$"$),9%#/$#8%+$(-,$:-1904%"$;8%+0"'<
"&/0/'*7=$'-*/5$:>?$@-/$:-,A/11%B$CD%''%'&$*8%#$)-'*,")*$"'5$
-A/,)-0%'&$#-0/$*-9&8$)8"11/'&/#$-'$*8/$!"2$*-$)-0+1/*/$%*$-'$
#)8/591/$,/(1/)*$A/,2$!/11$-'$*8/$2",5$"'5$"11$-9,$#*"((7=$8/$"55/5B$
3%45-)6$%#$4/)-0%'&$#-0/*8%'&$-($"'$-((#8-,/$#+/)%"1%#*$"'5$)9,<
,/'*12$8"#$(-9,$-((#8-,/$A/##/1#$%'$*8/$2",5B$E"#/5$-'$%*#$#*,"*/&%)$
1-)"*%-'$)1-#/$*-$*8/$D/#*$F(,%)"'$-((#8-,/$-%1(%/15#7$/((-,*#$",/$
9'5/,!"2$*-$"**,")*$0-,/$-($*8%#$49#%'/##B$

1"#*$2/",$%*$"''-9')/5$"$+,-&,"0$*-$#"(/&9",5$%*$!/11$%'*-$*8/$GH#*$
:/'*9,2$42$,/49%15%'&$%*#$'"A2$"'5$)-"#*$&9",5B$I8/$091*%(")/*/5$
J"*%-'"1$;8%+49%15%'&$K,-)9,/0/'*$;*,"*/&2$!%11$/'#9,/$*8"*$
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I8/$091*%(")/*/5$+,-&,"0$!%11$49%15$"'5$0"%'*"%'$"$(1//*$-($#8%+#$
(-,$'"*%-'"1$#/)9,%*2$"'5$)-"#*"1$+"*,-1$#/,A%)/#$"),-##$*8/$F,)*%)7$
F*1"'*%)$"'5$K")%(%)$?)/"'#B$M*$!%11$+,-A%5/$*8/$1",&/#*$+/")/<*%0/$
(/5/,"1$#8%+49%15%'&$+,-&,"0$%'$:"'"5%"'$8%#*-,2$!%*8$"$&-A/,'<
0/'*$%'A/#*0/'*$-($NOP$4%11%-'$-A/,$*8/$'/Q*$OR$2/",#B
S"1%("Q<4"#/5$M,A%'&$;8%+49%15%'&$%#$+-%#/5$*-$*"6/$"5A"'<
*"&/B$M*$8"#$(-9,$2",5#$<$S"1%("Q$;8%+2",57$D--5#%5/$M'59#*,%/#7$
;8/149,'/$;8%+$T/+"%,7$"'5$>"#*$M#1/$;8%+2",5$U$"#$!/11$"#$
V1//*!"2$V")%1%*2$;/,A%)/#7$!8%)8$-+/,"*/#$*!-$("4,%)"*%-'$#8-+#$

CANADA’S NATIONAL SHIPBUILDING
PROCUREMENT STRATEGY

:"'"5"$8"#$*8/$1-'&/#*$)-"#*1%'/$-($"'2$)-9'*,2$%'$*8/$!-,157$"'5$

MAY/JUNE 2011

VT Halter Marine Crowley Tug Innovation Barge 650-9.

53

THE MARITIME EXECUTIVE

MarEx_44.indd 53

5/24/11 10:27 PM

MAY/JUNE 2011

Global Shipbuilding and Repair

Horizon Shipbuilding Grupo TMM 182' Fast Supply and Intervention Vessel "Isla San Luis".

!"#$%&#'()"*#+,-#./0"1-!23&#4"#5676*#4/8!"9#:,;!8,/,:#<#=>6#
?!;;!("*#1%<%,@(A@%),@</%#(AA1)(/,#10BB;C#8,11,;#A(/#+(8<#$2(%!<D1#
(AA1)(/,#1,2%(/#<":#<#1,?!@10E?,/1!E;,#/!9#/,A!%#A(/#<#F,G!2<"#
2;!,"%&#H#%)/,,@C,</*#=7IJ#?!;;!("#2("%/<2%#%(#E0!;:#"!",#)!9)@%,2)#
?!:@1)(/,#B<%/(;#8,11,;1#A(/#%),#K<"<:!<"#K(<1%#L0</:#!1#-,;;#
0":,/-<C#!"#<::!%!("#%(#<#?!:@;!A,#/,A!%#("#!"#$%!&'()&**#B</%#
(A#<"#,!9)%@C,</*#=MJI#?!;;!("#2("%/<2%#%(#/,B<!/#<":#1,/8!2,#%),#
K<"<:!<"#+<8CD1#A/!9<%,1&#NO8,"#%)(09)#-,#)<8,#<#1%/("9#(/:,/#
E((3*P#1<!:#Q/,1!:,"%#$%,8,#R0//,;;*#N-,#</,#2("%!"0!"9#%(#B0/10,#
(BB(/%0"!%!,1#!"#1)!B#/,B<!/*#",-#2("1%/02%!("*#(AA1)(/,#(!;#<":#
9<1#<":#(%),/#?</3,%1#-),/,#-,#1,,#?(8,?,"%#<":#(BB(/%0@
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9((:#%!?,1#<":#E<:&#

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C,</1#0":,/#%),#+<%!("<;#$)!BE0!;:!"9#Q/(20/,?,"%#$%/<%,9C&#N4/@
8!"9#$)!BE0!;:!"9#!1#(",#(A#A(0/#2(?B,%!"9#1)!BC</:1#<":*#-)!;,#
-,#B;<"#%(#E!:#A(/#E(%)#%),#2(?E<%#<":#"("@2(?E<%#2("%/<2%1*#
-,#A,,;#%)<%#-,#</,#E,1%#10!%,:#%(#E0!;:#%),#2(?E<%#8,11,;1#A(/#%),#
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./!%!1)#K(;0?E!<@E<1,:#$,<1B<"#T!2%(/!<#$)!BC</:1#!1#<"(%),/#
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766*666#RVW&#F<;2(;?#.</3,/*#T!2,#Q/,1!:,"%#X#L,",/<;#F<"@
<9,/*#1<!:#%)<%#%),#+<%!("<;#$)!BE0!;:!"9#Q/(20/,?,"%#$%/<%,9C#%(#
/,8!%<;!Y,#%),#<9!"9#K<"<:!<"#A;,,%#!1#<#B/!(/!%C#A(201#A(/#)!1#%,<?#

THE MARITIME EXECUTIVE

54

Irving Shipbuilding UT Launch of Atlantic Condor.

345$3.66.0$476.1$8$-*.#$476.1
!""#*&9$('6:.;6

!"#$$%&'()'*($%+$,-%./',$%% % % !012/($3$(4%5)312'36,
!72/#18$%0#$9%.':$34%% % % % % % % %%%%+$/(142$;3%
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!!""#$%&'$()*+,$% % % % % % % % % % !7;3$>#'3$F%.4A3$2A%1#%
%%%%%&'$-*.#$/"#012*1.%%%%%%%%%% % % % G$3#1:633$F%:1#%5;4%&$AA$(

Marine towage and consulting firm established in 1980
ƒ Merchant Mariner Owners with extensive background in oceantowing
world wide.
ƒ Towing services all around the US Coast, South America, the Atlantic and
Pacific Oceans, Europe, the Middle East, and Asia.
ƒ NSCI enjoys a long track-record of successful, reliable service.
ƒ We serve all destinations with a deep knowledge base and valuable time
saving service infrastructure.
ƒ Worldwide sale & purchase of commercial & offshore vessels of all types
and configurations.
ƒ Management services & operational staff with vast insight and long,
“hands on” field-experience.

www.nordicship.com

MarEx_44.indd 54

H%C$3$#%I6F$.(6F$%.4A3$2A%/#$//$F%:1#
6;A3'(('361;%6;%3?$%J;63$F%K6;>F12

954 524 0025

5/24/11 10:27 PM

Global Shipbuilding and Repair

Werf Sliedrecht shipyard.

!"#$%&&'#()*%+%#,"#!&"-#.!/-+#0,"12"",-3#4!5,36#7&!1%#!8-24#0+,&&,36#
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D,E#D,6.!#,34-#*,"#-7%+!4,-3"'

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6+!30%"4#-:#4*%#H2&:#B!+0"=#,"#82,&0,36#4*%#G'D'#<-!"4#H2!+0J"#
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+%1%34&B#1-.7&%4%0#4*%#:!8+,1!4,-3#-:#NOP#.-02&%"#:-+#4*%#G'D'#
Q!;BJ"#IRS#T(I!30,36#R&!4:-+.#S-15>U#"*,7#7+-6+!.=#!#7+-/%14#
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!30#,4#*!"#&-36#%E7%+,%31%#,3#82,&0,36#%;%+B4*,36#:+-.#-::"*-+%#
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T!#"28",0,!+B#-:#4*%#92"4+!&,!3#"*,782,&0%+U#$,&&#7+-;,0%#$-+5C
:-+1%#"4!8,&,4B#:-+#"-.%#B%!+"#4-#1-.%#$,4*#4*%#+%1%34#!33-231%C

DOWN IN THE BAYOU

F!+4*%+#"-24*=#!&-36#4*%#G'D'#H2&:#<-!"4=#.!3B#B!+0"#!+%#"2:C
:%+,36#,3#4*%#!:4%+.!4*#-:#4*%#!""#$%&"'()*'+,*-#-,&#"7,&&#!30#
4*%#"28"%@2%34#(7%+.,4-+,2.>#-3#0%%7$!4%+#0+,&&,36'#?24#4*%+%#

!"#$%&'#(')")*+)%(),-)'"./(+0!%'"
#(1/"(,1)2%!&".)%3(-).

55

THE MARITIME EXECUTIVE

1!&&)%).",!3!&)."')&"
$,)#,¿ʈ1+$ʉ¿&0¿¿$),)¿
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!,'"./(+"%)+!(%".)%3(-).7"

MAY/JUNE 2011

Ned Project Designig The Future of Cost Effective Shipping Solutions.

Talleres Navales del Golfo
Islote San Juan de Ulúa s/n
91800, Veracruz, Ver. México.
Tel: (52) 229 9892500
Fax: (52) 229 9892510
tng@tnghph.com.mx
www.tnghph.com.mx

MarEx_44.indd 55

5/24/11 10:27 PM

Global Shipbuilding and Repair

MAY/JUNE 2011

SIMA Peru Constructing New Azimuthal Type Tugs In the SIMA Facilities.

THE MARITIME EXECUTIVE

56

!"#$%&'%(%')*"+,-.)/"%)#/"#$)0"%/&#$.(/$%'&.%$1"%/&#2$.3/$)&#%&'%(%
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"*/"22%&'%AB>I%;)99)&#>%J"99(%#&$"+%$1($%KL32$(9%)2%)#%$1"%!)+2$%&'%
(%'(/)9)$@%"*-(#2)&#%(#+%-".2&##"9%F.&H$1%-1(2"%$&%23--&.$%$1"%
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(++)$)&#(9%(."(2%&'%'(/$&.@%2-(/"%(2%H"99%(2%(%'&3.$1%(22"!;9@%;(@%
&#%$1"%S&;)9"%H($".'.&#$M%(%#"H%(+!)#)2$.($)&#%;3)9+)#FM%(#+%(%

www.nassco.com

;3)9+)#F%+"+)/($"+%'&.%?(0@%32">%7$%1(2%(92&%-3./1(2"+%(++)$)&#(9%
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;(2"+%!(#3'(/$3.)#F%H)$1%$.(#20".2"9@%'"+%(22"!;9@%2$($)&#2%
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$".M%H1)/1%)$%&-".($"2%)#%-(.$#".21)-%H)$1%$1"%<$($"%&'%L9(;(!(T2%
)#+32$.)(9%$.()#)#F%&'')/">
UE%Q(9$".%S(.)#"%)#%#"(.;@%V(2/(F&39(M%S)22)22)--)%)2%;3)9+)#F%
"0".@$1)#F%'.&!%WF@-$)(#%?(0@%X(2$%S)22)9"%8.('$2%YW?XS8Z%
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$)&#%/&#$()#".^/(.%/(..)".2>%_)$1%23/1%(%+)0".2"%-&.$'&9)&M%H"%
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2)F#)')/(#$%/1(99"#F"%H"%'(/"%)2%$1"%2$($"%&'%$1"%"/&#&!@%(#+%$1"%
$"#$($)0"%(#+%1)F19@%/&!-"$)$)0"%#($3."%&'%$1"%/&!!"./)(9%!(.,
N"$MP%1"%2$($"+>%KU"22"9%&-".($&.2%(."%)#%(%`H()$%(#+%2""T%!&+">P%
<N)##".%(++"+%$1($%$1"%/&#$)#3)#F%-".!)$&.)3!%&#%+.)99)#F%)#%$1"%
]39'%1(2%!(#@%&-".($&.2%1"2)$(#$%$&%)#0"2$%)#%#"H%0"22"92%;"/(32"%
&'%$1"%3#/".$()#$@%&'%$)!"9@%(--.&0(9%&'%+.)99)#F%-".!)$2>%_1)9"%1"%
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#"H%!)9)$(.@%/&#$.(/$2%$&%-.&0)+"%(%1"(9$1@%;(/N9&F%&'%+"'"#2"%(#+%
'&.")F#%!)9)$(.@%2(9"2%&.+".2%'&.%$1"%@(.+>%
:WWUL8%7#+32$.)"2%&'%b"##)#F2M%:L%H)99%;3)9+%$H&%:)F1$".)#F%
<3--&.$%U"22"92%)#%(++)$)&#%$&%$1"%$H&%0"22"92%/3.."#$9@%3#+".%
/&#$.(/$%H)$1%LWE%:)F1$".)#F%<".0)/"2%H)$1%-&22);9"%&-$)&#2%'&.%
!&.">%:WWUL8%)2%(%H&.9+,/9(22%21)-;3)9+".%'&3#+"+%)#%4DCI>%

The guided-missile frigates USS Vandegrift (FFG 48) and USS Curts (FFG 38) in a double
dry-docking at General Dynamics NASSCO shipyard in San Diego, May, 2011.

Proud to be the full service shipbuilder on the West Coast

MarEx_44.indd 56

5/26/11 7:19 PM

Global Shipbuilding and Repair

Gibdock Docking of Thomson Celebration.

BLUE SKIES AHEAD?

[$\#%"%H)J'.%8"1;%"99%()1/$;%8,$%H+#$%&"(.#%"('%H+('%$/"*%/+9.)*1%
$/')(%+B*%"*.%9++<)*1%2+(B"(.%$+%8'$$'(%$)H'#%$+%-+H'@%])?'(#)2)F
-"$)+*%"*.%$/'%"8)9)$&%$+%"$$("-$%1+?'(*H'*$%"*.%H)9)$"(&%8,#)*'##%
.,()*1%0'()+.#%+2%#9+B%'-+*+H)-%1(+B$/%"('%<'&%$+%#$"&)*1%"29+"$@%
K/'%B+(#$%)#%+?'(;%"*.%$/'%2,$,('%2+(%$/'%19+8"9%#/)08,)9.)*1%
)*.,#$(&%9++<#%)*-('"#)*19&%8()1/$@%
!"#3J

MAY/JUNE 2011

!"#$%&'"(%)$%"**+,*-'.%$/'%+0'*)*1%+2%!33456%7/)08,)9.)*1%
"*.%:'0")(%6"9-"#)',;%9+-"$'.%)*%$/'%!"<'%6/"(9'#%!=>%$,(*)*1%
8"#)*;%$+%#'(?'%"#%"%#/)0%('0")(%2"-)9)$&@%A)$/%0(+$'-$'.%.''0%B"$'(;%
"%C;DEEF2++$%8,9</'".;%"*.%"%9+-"$)+*%CG%H)9'#%2(+H%$/'%>,92%+2%
I'J)-+;%$/'%2"-)9)$&%B)99%+22'(%8+$/%$+0#).'%('0")(#%"*.%.(&.+-<)*1%
#'(?)-'#%2+(%?'##'9#%+2%"99%$&0'#@%K/'%*'B%&"(.%"99+B#%!33456%$+%
#'(?)-'%'J)#$)*1%-,#$+H'(#%"*.%0(+?).'%"*%"$$("-$)?'%+0$)+*%2+(%
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)$#%('0")(%8,#)*'##%+?'(%$/'%&'"(#%"#%"%B"&%+2%)H0(+?)*1%$/'%'2F
2)-)'*-&%+2%$/'%&"(.;%*+$'.%O('#).'*$%K("?)#%7/+($@%P3?'*%$/+,1/%
B'%/"?'%#'?'("9%+*1+)*1%*'B8,)9.%0(+Q'-$#;%$/'%R,)-<%$,(*"(+,*.%
+2%('0")(#%"99+B#%,#%$+%0,99%2(+H%$/'%$(".'#%$/"$%/"?'%*+$%&'$%2,99&%
("H0'.%,0%+*%*'B%-+*#$(,-$)+*%0(+Q'-$#;S%/'%"..'.@%%L+()M+*%
)#%-,(('*$9&%B+(<)*1%B)$/%T9+()."%I"()*'%K("*#0+($'(#%$+%8,)9.%
)$#%CUEF2++$%"*.%CVEF2++$%$+B8+"$#%"#%B'99%"#%CCUF2++$%"*.%
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0+#)$)+*'.%$/'%-+H0"*&%2+(%-+*$)*,'.%1(+B$/%"*.%H"(<'$09"-'%
-+H0'$)$)?'*'##@

57

Robert C. Spicer!"#!$!%&'()'!*'+"#)!,"-)!).)*+/"0)!$-1!23")%!
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A)$'-"-5!$-1!($<!B)!')$*3)1!$/!'#C"*)'D5#)$*#8*&(8
THE MARITIME EXECUTIVE

!"#$%&'()$")*+(,--.&/)$01234*)5$0&6/72&+"*66$8,$%&5*4---$%&$9+:)(*,($$
.&/)$;)&5/:72<274$%&=&))&'s /NE CRANE CAN SERVICE UP TO FT
s ,IFTING CAPACITIES FROM 4  LBS TO 
T  LBS
s 2EMOTE CONTROL OR CAB OPERATED
s 3TATIC BALLASTED OR TRAVELING BASES
AVAILABLE
s  %LECTIC POWERED
s (OOK HEIGHTS BEGINNING AT FT
s ,OCALLY SERVICED AND SUPPORTED ON
0ACIlC 'ULF AND !TLANTIC COAST

>?@AA?B@C?DC@A‡$DAE?B@@?DDFC‡'''-!"#:)*+(,-:&=$‡$,*6(,G!"#:)*+(,-:&=

MarEx_44.indd 57

5/24/11 10:27 PM

ANNALS OF FINANCE:
What's a Ship Worth?

MAY/JUNE 2011

By Basil M. Karatzas

THE MARITIME EXECUTIVE

58

H

!"#$!#%!&#'()&*#(+#(,,*-.#/!#0&!-*#-1*#2!*-3#45*-#6*#7!&+-#-1*#"(%,89#
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2=;7*#(+$#2*=7*;'*$#'()&*#,2*))#!22!=-&+;-%8#

MarEx_44.indd 58

5/25/11 5:10 PM

ANNALS OF FINANCE
Figure 1: BSPA Since January 2008

VALUATION TECHNIQUES

“BLACK SWAN” AND THE AFTERMATH

The Baltic Exchange, a London-based industry body, produces
the weekly Baltic Exchange Sale & Purchase Assessment Index
(BSPA) for five-year-old vessels (VLCC, Aframax and MR2
Products in the tanker market, and Capesize, Panamax and
Supramax vessels in the drybulk markets). It presently estimates a
five-year-old VLCC at approximately $82 million and a five-yearold Capesize vessel at $46 million while similar vessels at the top
of the market in early 2008 were valued in excess of $160 million

59

THE MARITIME EXECUTIVE

An expert on purchase
and sales agreements
shares his views on
the direction of asset
values.

Income Approach – The net present value of the future
cash flows the buyer of the asset expects to earn over the
asset’s remaining economic life or the life of the project.
Under most circumstances, the income approach is the
most reliable way to assess economic benefit; however, as
this method projects in the future, it can be heavily subjected to input manipulation such as estimates of future
earnings potential, cost of capital, and – most dreaded
of all – the residual value of the asset. Variations of this
approach may include the value of an asset with employment attached (“valuation with charter attached,” where
the differential of the charter to market conditions has to
be assessed) or valuing the vessel on the methodology and
inputs suggested by the Hamburg Shipbrokers Association (“Hamburg Rules”).
Valuing vessels can be a science, but it is also – to a certain
extent – an art. For potential buyers, what seems to matter most
(aside from price) is the direction of freight rates – or at least the
buyer’s perception of the direction of freight rates, from which he
can estimate the type of return to expect on his investment.
»

MAY/JUNE 2011

In general, there are three established valuation methods:
» Market Approach – What someone paid recently for a
similar asset sets the benchmark, whether in a hot, cold
or simply lukewarm market. Also known as “last done” in
shipping, it’s a representative way of assessing price as long
as assets as fairly marketable and there is a liquid market.
» Replacement Cost Approach – What it would cost to
replace the asset and depreciate it to present value. Replacement cost is usually handy for custom-made assets
that were built for a unique application (in one instance,
the author had to value a vessel with a quarter-ramp, ro-ro
capacity, helipad, accommodation facilities for 120 people,
containership capacity, four cranes, cargo holds for dry
bulk and ammunition, and coated cargo tanks for petroleum products). The main criticism of this method is that
it may be more relevant to history than the marketplace.

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MarEx_44.indd 59

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MAY/JUNE 2011

ANNALS OF FINANCE

THE MARITIME EXECUTIVE

60

and $150 million, respectively, as per Figure 1.
Of course, the second half of 2008 and the first part of 2009
were unusual times in many respects, a sort of “Black Swan”
series of events that occur so rarely that few believe their existence
beforehand. Freight rates were in free-fall due to the financial
turmoil and the “subprime crisis,” the lack of trade financing, and
the great degree of uncertainty and exacerbated systemic risk to
the worldwide financial system. When there were doubts about
the survival of long-established financial institutions, trade was
severely impacted, a sizable part of the world fleet remained unemployed, and there was little demand for the purchase of vessels.
Since the second half of 2009 world trade has slowly been
returning to normal (“reverting to the mean” as we statisticians
would say) as the demand for cargoes has improved. Furthermore, the most prominent central banks worldwide acted in an
orchestrated manner to create excess liquidity and maintain a very
lenient and accommodating monetary policy (Quantitative Easing
I & II, historically super-low interest rates, etc.). It can be said
that, since the beginning of 2010, the focus in shipping markets
has again been on trade and freight rates and the extent of the
financial carnage has been limited to the lack of debt financing,
higher standards in terms of covenants, and lower leverage in
loan agreements.
In the first half of 2010 there was a more or less V-shaped
recovery as the markets bounced off the bottom and maximum

impact was felt from the stimulus packages worldwide. The BDI
caromed ferociously from below 700 at the worst point of the
cycle in November 2008 to more than 4,000 in May 2010. The
tanker indices, both dirty and clean, recovered from the bottom achieved in April/May 2009 (about six months after the dry
market bottomed) to triple in the following year and reach a peak
at about the same time the drybulk markets did. Since the market
peaks in late spring and early summer 2010, the drybulk market
has dropped by one-half; however, the tanker indices have been
fluctuating within a trading range with the clean tankers (BCTI)
showing the most signs of promise and improvement.

STABILIZATION

In a weaker freight market, or for that matter in a market with no
direction at all, one would expect that vessel asset prices would
be deteriorating. After all, the prospects for higher earnings are
not clearly visible or especially enticing, and therefore investors
(and shipowners) would opt for investments in alternative assets/
industries with better prospects. Figure 2 depicts the BSPA index
for five-year-old vessels since January 2010. With the exception
of Capesize vessels, asset prices for five-year-old vessels are currently at approximately the same or even better levels compared
to January 2010 data (but slightly lower than the peak achieved
somewhere in the summer of 2010 for most asset classes).
Vessel asset prices have, in fact, been holding up well, espe- 

  

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MarEx_44.indd 60

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ANNALS OF FINANCE
Figure 2: BSPA Since January 2010.
pecially to an owner with in-house shipping expertise who could
acquire and maintain the “steel” with the least amount of expense.

INCENTIVES

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tug was needed for towing the various aircraft

61

THE MARITIME EXECUTIVE

EXPERIENCE. DEPENDABILITY. QUALITY CRAFTMANSHIP.

MAY/JUNE 2011

cially for modern vessels or assets with forward delivery (such as
newbuilding contracts) as, in the mind of many investors, they
act as a physical hedge against inflation concerns. When central
banks worldwide had been trying to outdo each other in terms of
quantitative easing (i.e., printing fiat money), inflation concerns
were paramount in the minds of investors, especially shipowners and funds, as they had the most to lose in an inflationary
environment. Ownership of vessels, “steel” as some owners have
expressed, provided a physical hedge against inflation worries, es-

A corollary to inflation worries – and an additional incentive to
invest – is that commodity prices are set to increase both in the
foreseeable future and also from a long-term, strategic perspective. It is obvious to everyone by now that there is currently a
struggle in full swing for global control of natural resources, and
the financial turmoil since 2008 has provided opportunities to
certain companies and countries to strategically align themselves
for better and less expensive access to commodities. In a restructured world economy and new global trading order where commodities are so much sought after, the underlying assets (vessels)
provide a natural hedge in terms of construction/replacement
cost and also as the vehicle for transporting commodities, and
their value should increase as the global economy fully recovers.
In addition, a byproduct of the low-interest-rate policy of many
a central bank is that savings accounts provide minimal returns
(negative returns in certain instances), and therefore the opportunity cost of buying a shipping asset is low. Furthermore, the
policy of low interest rates is doubly attractive to owners/buyers
with strong balance sheets since they can borrow at historically
low rates or otherwise obtain competitive financing to take over
projects or assets under default.

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MAY/JUNE 2011

ANNALS OF FINANCE

THE MARITIME EXECUTIVE

62

THE IMPACT OF PRIVATE EQUITY

At certain times the market may be significantly impacted by the
influx of new entrants. While traditionally there were standard
players/owners whose actions and timing could set the market,
since the collapse of asset prices in late 2008 several new parties
have closely followed the shipping markets. Among these are
private equity or hedge funds, which have steadily invested in
shipping assets in the last year. In preliminary calculations, a few
billion dollars have already been invested in existing shipping
assets and newbuilding contracts, and there is a multifold amount
of money committed on the sidelines and seeking opportunities

to invest. These new investors bring fresh inflows to the
shipping markets with the direct impact of (a) minimizing
the fall in asset prices during a market downturn, such
as we are currently experiencing, (b) maintaining strong
prices and momentum in a period of average rates, and (c)
magnifying asset price increases during a market upturn.
Of course, not all asset classes/market segments in
shipping behave uniformally, with some sectors better
than others some or most of the time. Furthermore, within
the same asset class, certain types or vintages of vessels
might react quite differently to the markets. For instance,
while asset prices for modern tankers have fared well given
the circumstances, first-generation double-hull tankers
have seen their values fall more as they have a hard time
competing with modern vessels in a weak freight environment.
And with a weak freight environment as the main driver of asset
prices, many market participants are wondering whether asset
prices may have to soften more in order to properly reflect the
market. A challenging time, indeed, for asset players!
MarEx

Basil M. Karatzas is Director for Projects & Finance with
Compass Maritime Services, a ship brokerage and financial
advisory firm. He can be reached at BKaratzas@Compassmar.com
or Basil@BMKaratzas.com. This is his first contribution to The
Maritime Executive.

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ALL SYSTEMS GO

PIPES,
PUMPS
AND VALVES:

MAY/JUNE 2011

ALL SYSTEMS GO

By Art Garcia

THE MARITIME EXECUTIVE

64

MarEx_44.indd 64

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MAY/JUNE 2011

Demand is increasing for
the type of basic equipment
that every vessel needs, but
counterfeiting is a growing
problem.

65

ECONOMIC REBOUND

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MarEx_44.indd 65

THE MARITIME EXECUTIVE

T

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5/24/11 10:28 PM

MAY/JUNE 2011

ALL SYSTEMS GO

added. “They have to be checked for integrity. Pumps wear out,
pipes wear out and valves get corroded and wear out so they are
constantly being replaced.” The company is a global supplier of
materials for both repairs and new construction to cruise companies and every other shipping segment from tugboats to barges
to offshore vessels. It has offices in Rotterdam and Antwerp and
plans to open another in Rio de Janeiro this month.
PG Marine Group, known in Norway as Ing Per Gjerdrum
AS, had a fairly good year in 2010. “The financial crisis and the

THE MARITIME EXECUTIVE

66

game. You just never know.”
Work for the U.S. Navy has been a boon for W&O Supply of
Jacksonville, Florida, which bills itself as the largest marine-piping
supplier of pipes, valves and fittings in America, has about $150
million in annual sales and offers a wide selection of engineered
products, pipe, manual and automated valves and metric valves.
W&O offers a wide selection of engineered products, pipes,
manual and automated valves, and metric valves. It’s a partner
with the U.S. Navy, commercial shipping companies, barge owners, cruise lines and shipyards throughout North America and
Europe. Its slogan, appropriately, is “We are the right fit.”
And that it has been for naval work, generating about $60 million yearly with a goal of ramping up to $100 million in the next
five years. The company is a supplier and distributor to shipyards
that have contracts for work on U.S. Navy vessels. One obstacle
W&O had to buck was the uncertainty over passage of the federal
budget and how that might impact funding for the Navy’s ship
repairs. “The Navy continually has to maintain a readiness state
for its ships, which have to go in for all types of repairs, upgrades
and maintenance. One of the things that’s been difficult this year
is the timing of government funding by Congress,” noted Sam
Entirken, W&O’s Vice President for Sales and Marketing.
“Pipes, pumps and valves are used in every ship. They are
continuously being replaced because they wear in their service
duty and have to be kept in a readiness state, so every time a
ship goes into drydock a lot of these are replaced,” Entirken

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ALL SYSTEMS GO

MAY/JUNE 2011

downturn in the market affected us, but we actually did OK,” said
CEO Roy Norum. “We are very close to being back to all-time
high figures. We had a fantastic first quarter this year, and the
number of systems sold was very close to what we achieved in our
best quarter in 2007, an all-time high.” PG manufactures cargo
systems for offshore supply vessels and tankers as well as utility
pumps and pump modules and systems for the offshore oil and
gas industry. The company was founded in 1982 by Per Gjerdrum as a pump supplier for the Norwegian maritime market.

It has evolved into a designer and supplier of cargo handling
systems for offshore supply vessels and has a major export business. Last month PG and a development partner, Techni, were
presented with “Spotlight on New Technology” awards at the
annual Offshore Technology Conference in Houston for their
innovative pump solutions.
The awarding of contracts to General Dynamics Electric
Boat and Newport News Shipbuilding to construct the second
Virginia-Class submarine was good news for Leslie Controls,
headquartered in Tampa, Florida, “because we’ll be providing
very specialized equipment on the vessels,” said Leslie’s Maritime
Sales Manager Rich Rochford. The Circor International subsidiary markets a wide range of commercial marine products including control valves, regulators, control pilots and ship’s whistles.
For the Navy, it produces specialized valves. “We’re still working
on a lot of development contracts we received for the new FordClass supercarrier, so we’ve been extremely busy,” Rochford said.
For privately held Maritime Diesel Electric in Tamarac,
Florida, “Last year was a good year and this year is going to
be even better,” stated Juan Jose Samaniego, Manager of Sales
and Marketing. “We have demand currently on the commercial
side, specifically for new equipment and spare parts on offshore
platforms in the Gulf of Mexico. There’s also a lot of growth in
the cruise line industry, one of our biggest business areas,” he
said. “There’s more equipment being bought and investment in
equipment upgrades.” Maritime Diesel does piping, fitting, refit-

67

THE MARITIME EXECUTIVE

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MAY/JUNE 2011

ALL SYSTEMS GO

THE MARITIME EXECUTIVE

68

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',#"/$(&,#)&(!6/4-&+"!/)&"#&!6"-&,4!"+./%&!6/&+(37"#$&(*&-3,4/&
3,4!-&57&+(2#!/4*/"!/4-%&/-3/+",..7&"#&9#)",%&C6"#,&,#)&/.-/06/4/&
"#&!6/&S,4&;,-!%&"-&,&$4(0"#$&34(5./'8&IT6/7&,4/&5/#+6',4H"#$&
3,4!-&!(&4/34()2+/&,#)&!6,!&"-&,**/+!"#$&,&.(!&(*&(4"$"#,.&/12"3'/#!&

actions speak
louder than
words
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Email us: shipping-us@faststream.com – Call us: +(1) 954 467 9611

MarEx_44.indd 68

5/24/11 10:28 PM

ALL SYSTEMS GO

CSD fire test.

!"#$%"&'$()(*+"#,+&-!."#/)*+'0"'+().()*)#'+'0)!12+3"!"#/)4-+
)5.6"/#),7+89$:)(*+*));/#4+'-+&$'+&-*'*+<:+<:."**/#4+=>?*+"()+
-.)#/#4+'0)!*)6@)*+$.+'-+*"%)':+6/"</6/'/)*7+A'B*+*-!)'0/#4+C)+*))+

MAY/JUNE 2011

TNO bulkhead test.

"+6-'+"#,+/'B*+/#&()"*/#47+A'B*+-#)+
-%+'0)+</44)*'+'0()"'*+!"#$D
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'0"'+&-$#')(%)/'+."('*+"()+"+
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<"*/*1+%(-!+'0)+K"(+>"*'+)*.)D
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#)5'+'-+/!.-**/<6)72+I-$#')(%)/'+."('*+&-$6,+&()"')+8,)%"$6'*2+-#+
=>?+)N$/.!)#'1+"+()&)#'+0/40D.(-%/6)+)5"!.6)+<)/#4+C0"'+0".D
.)#),+-#+'0)+9O+.6"'%-(!+/#+'0)+P$6%+-%+?)5/&-7+

69

THE MARITIME EXECUTIVE

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MarEx_44.indd 69

5/26/11 12:24 PM

ALL SYSTEMS GO

MAY/JUNE 2011

NOFIRNO® rubber sleeves and
sealant will remain stable and
not be consumed by fire.

“Pumps and equipment that weren’t working. Quick fixes,”
pointed out Samaniego. “There are reasons why OEM parts are
designed and manufactured to be in compliance with the complete assembly. When you put in non-OEM parts that are not
certified by the manufacturer, that’s a huge risk. And if there’s a
liability claim, the manufacturer gets the short end of the stick.
People who replicate spare parts are jackals.” One effort to fight
parts counterfeiting is to educate customers, who must be able to
trust their company’s purchasing department to assure that only
legitimate OEM parts with correct serial numbers are ordered
from reputable manufacturers. Sometimes the temptation to buy
a duplicate part from a non-OEM provider stems from an OEM’s
delay in delivery.
“It’s all up to the customer, to the end-user, to know and to
request parts from the original maker,” cautioned Themis Giachos, Managing Director at Maritime Diesel, who has been in the

THE MARITIME EXECUTIVE

70

SLIPSIL® is designed to provide
fire safe, gas and watertight seals
for pipe and cable penetrations.

parts distribution business more than 40 years. “Forged wholesale
parts are being produced primarily in Mexico, South Korea, India
and, let’s not forget the big one, China. China is copying every
single piece of machinery it buys, just as the Japanese used to do.
Don’t buy parts in the open market,” Giachos warned. “Buy from
the manufacturer.”
MarEx

Art Garcia is a West Coast-based writer for the magazine.

Marine Deck Equipment
;-:>1+-9=)41<A):-?1<016A7=::-)+0

Supplying the world’s leading
shipbuilders for over 30 years.

Made in the USA and Australia
Design innovations include:
#    

Approved
#  " 

#  
! " 

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MarEx_44.indd 70

North America
Roanoke, Virginia
+1 540 857 9871
marinemachinery@hypacusa.com
www.hypacusa.com
Australia
Adelaide, South Australia
+61 8 8333 0222
marinemachinery@hypac.com.au
www.hypac.com.au

5/31/11 10:24 AM

Maritime Operational

Research

Developing Practical Solutions for Today’s Toughest Piloting Challenges
The Maritime Institute of Technology and Graduate Studies (MITAGS) is a proven
worldwide leader in the area of Full-Mission Ship Simulation (FMSS). With over twenty
years of experience, and state-of-the-art simulation technology, MITAGS’ expert staff can
program a model of virtually any port/vessel combination in the world. Multiple, largescale simulators allow tug masters, captains, and pilots to work together in the same
scenario as part of a highly-accurate, interactive environment. In fact, ship simulation is
now the most practical and cost-effective way for professional mariners to develop safe
operational limits for vessel transits within restricted waters.
A variety of factors can be assessed within the virtual scenario; including:
Q Environmental Conditions (such as Wind, Waves, Current, Visibility, etc.).
Q Shallow Water and Bank Effects.
Q Ship-to-Ship Interactions.
Q Mooring, Terminal, Channel, and Storage Arrangements.

For additional information on Maritime Operational Research, please contact Captain
Robert Becker via e-mail at rbecker@mitags.org.

692 Maritime Boulevard, Linthicum Heights, Maryland 21090
Toll-Free: (866)-656-5569 | Website: www.mitags.org
MITAGS is internationally certified
as a Maritime Simulation & Training
Center by Det Norske Veritas

MarEx_44.indd 71

United States Coast Guard
Approved Courses

5/25/11 11:25 AM

How Green Is Your Vessel?

MAY/JUNE 2011

By Kathy Smith

THE MARITIME EXECUTIVE

72

It’s not easy designing
ships that are fuel-efficient,
emission-compliant and
reasonably priced. Today’s
naval architects are more
than up to the task.

MarEx_44.indd 72

W

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5/24/11 10:29 PM

GREEN VESSELS
OUTSIDE-THE-BOX THINKING

the cryogenic tanks to store the gas in. You can just put the
compressed natural gas in a properly designed and constructed
pressure vessel and take the gas out as you need it.”
SOx and particulate matter emissions could be practically
eliminated and NOx emissions reduced by 90 percent in gasfuelled, lean-burn, 4-stroke engines, says a comprehensive report
titled “Technology Outlook 2020” written by DNV Research and
Innovation in Norway. The report goes on to say that LNGfuelled ships cost 10-20 percent more than their diesel-fuelled
counterparts. CO2 emissions could be reduced by as much as
25 percent using natural gas, but unburned methane is a definite
environmental problem. Storage costs, especially on longer hauls,
and the limited availability of LNG in some ports are also a concern; however, bunkering terminals are predicted to increase.
As the next tier of emission-control guidelines from the IMO
dictates, the options for treatment of exhaust gases will include
using either costly low-sulfur fuel or scrubbers. Jonathan Parrott,
Vice President at Seattle-based Jensen Maritime Consultants, celebrating 50 years in business, indicates some scrubbers are as big
as some of the silencers on these engines. “You’re talking about a
three-foot-diameter by 10-foot-long tube that, on some of these
smaller boats, is going to be very difficult to put in. Still, we have
to look ahead for that type of technology.” In fact, Wärtsilä is in
the process of developing its first commercial marine scrubber
for short-sea carrier Containerships Ltd. Oy of Finland, to be
delivered this August.

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73

THE MARITIME EXECUTIVE

23,4.+3%1(53(60.+7+8'(9'/:3/7$%&'

MAY/JUNE 2011

Waterhouse is a firm believer in looking outside the marine industry to see what can be used or adapted from other sectors, for
example, using items from the building industry or the on- and
off-road trucking markets. Even equipment being built for the
railroad industry may help develop some of the emission-control
technologies that will be used on the water one day. Durk Nijdam
from New York-based D2G Maritime, a company experienced in
European shipbuilding and sustainable green technology, agrees:
“We have to start looking outside the box. We can get much farther ahead by using other techniques, technologies and materials
that are not really common in the industry.” He is already busy
applying green technologies from Europe to America’s Marine
Highway program.
Building more fuel-efficient vessels also means weighing
the cost of carrying cargo for longer periods of time versus
the additional fuel burn. Some naval architects say ships are
slowing down as owners realize speed can be costly. For green
fuel alternatives, much of the focus right now is on LNG, but
it’s currently still an expensive alternative. Darrel Harvey of
Alan C. McClure Associates, a 30-year-old naval architecture
and marine engineering firm in Houston, notes: “Compressed
natural gas or CNG, which is the same as LNG but not cooled
or compressed as far, is what we’re going to see as the big
push in the not-too-distant future. The nice thing about it is
you don’t have all the cooling requirements, the bleeding, and

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MarEx_44.indd 73

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5/31/11 10:27 AM

GREEN VESSELS

Drawings of a fireboat designed by Robert Allan Ltd.

MAY/JUNE 2011

START YOUR ENGINES!

not widely used as of yet. Robert Allan Ltd., located in Vancouver, B.C. and in business since 1930, recently partnered with
Seattle-based Foss Maritime in the development of the world’s
first hybrid tug, which is now working in the Port of Los Angeles
and Long Beach. It was a very successful project but ultimately
subsidized by the port and the State of California – an option not
available for most shipowners. “Those who are taking the first
steps are paying a significant premium,” Robert G. Allan says.
“The majority of the savings will be in reduced maintenance on
the machinery on those vessels, but the additional cost of putting
these complex systems into harbor vessels is significant.”

THE HULL FACTOR

When it comes to hull design for greener ships, naval architects can
now predict hull resistance with more advanced tools than before

THE MARITIME EXECUTIVE

74

Another factor to consider in the green equation is engine performance. Worn bearings and out-of-balance machines can contribute to considerable lost energy over time. “Misalignment can sap
four to five percent of a machine’s energy on average and in some
cases up to 10 percent, depending on the degree of misalignment,” says Rich Merhige, President of Advanced Mechanical
Enterprises in Florida, a mechanical engineering firm that focuses
on vibration analysis and laser alignment services in the marine
industry. The company is currently using a sophisticated new
tool developed by Windrock Inc. specifically for diesel engine diagnostics, using vibration and ultrasonics. The Windrock system
provides valuable information about the condition of the engine
so that it can be tuned to optimize performance.
Hybrid propulsion systems are also a green alternative but are

MarEx_44.indd 74

5/31/11 10:28 AM

GREEN VESSELS

#15K:%A=357N-W8%
G2.X%E2MY-K35%
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0-5723%9:1ZJ

Join thousands of work boat, military and
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MAY/JUNE 2011

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THE MARITIME EXECUTIVE

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5/24/11 10:30 PM

MAY/JUNE 2011

GREEN VESSELS

76

better calorific value, and (3) be priced competitively. Therefore
the best investment for operators is to start applying and understanding the use of electricity to propel vessels, as that will keep
them on the forefront of technology.
John Korpi, General Manager of Dalian FKAB Marine Engineering in Shanghai, reports China has carefully been studying
green technology development in Europe and has held many
green ship conferences during the past year. Last August a LNGfuelled tugboat modified by China Natural Gas was successfully
tested in Wuhan, a reflection of China’s national campaign for
greener waterways.
As technologies and tools change, naval architects must follow
suit. They not only have to look at designing a ship for today but
for its future mission profile. Jensen Maritime’s Parrott says, “It
doesn’t pay to have blinders on. You always want to look at the
potential down the road.” Discussions and innovations will no
doubt continue toward further advances in green technologies for
the maritime industry. As well, the human factor in the equation
cannot be forgotten. Robert Allan adds, and it’s as good a summation as any: “At the end of the day, the guy with his hand on
the throttle is the most important influencer of fuel consumption
and emissions.”
MarEx

THE MARITIME EXECUTIVE

Kathy Smith is a writer and virtual assistant based in Victoria,
British Columbia. This is her first appearance in The Maritime
Executive.

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VESSELS FOR SALE

200 cabins - 1977 - cruisevessel
– rblt 2004 in Holland to hotel /
accomodation vessel
- Well maintained - no class
- Located Netherlands
- Priced to sell!

620 TEU geared container-vessel
- 1997 Netherlands
- MAK 8000 bhp
- 2 x 40 Tns SWL cranes
- 3 ho/ha hydr. Folding
- Dutch owners

Geared coaster 300 DWT
- 1969 UK Baudoin 300 bhp
- crane 5 Mtns SWL
- well maintained – class BV
- Trading Europe

Ocean going twinscrew Tug
- 60 tns BP - Netherlands 1972
– 2 x Stork total 4400 bhp
– CP propellers – winch 800 m
– breakload 100 tns – deckcrane
- located Europe

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              1 2 0 2 ! $ 3 0 $ 4 % $ ! 5 6 $ 7 68 $ 9! $ 

999:8"#)*,"$+,)!':'2. 

For more information or other vessels available:

DSM SHIPBROKERS
Sale & Purchase used commercial coastal & deep-sea vessels

! "#$%&'$ ()"*)+), -..-"%'$ )/ #00-1 ()$1)) 
"# $ %!&'(!&)*!(+((! , -. %!&'(!&)*!+('/! # 0 1-2 $ %! 2 3, 4 5 6-72"8-$#8239:941!!!

MarEx_44.indd 76

Tel. +31-646-222111

Meppel – Netherlands

Fax +31-522-270914

www.shiptrade.nl

5/31/11 10:28 AM

Targa Resources Partners LP
acquires Flex Tank Systems
IVS Investment Banking serves as exclusive adviser to Flex Tank

T

arga Resources Partners LP (the “Partnership”), through its wholly owned
subsidiary, Coast Energy Group LLC, has
acquired Flex Tank Systems, a refined petroleum products and crude oil storage
and terminaling facility in Channelview,
Texas. Located on Carpenter’s Bayou along
the Houston Ship Channel, Flex Tank can
handle multiple grades of blend stocks,
products and crude. The transaction was
paid entirely with cash funded through borrowings under Targa’s senior secured revolving credit facility. Total value of the
transaction is below the Hart-Scott-Rodino
Act minimum.
“This transaction will be immediately ac-

IVS Investment Banking’s John Zapalac, right,
congratulates representatives of Flex Tank and
Coast Energy Group. Pictured are, from left,
Rex Bryan of Flex Tank, Frank Bay of Coast
Energy Group, Hank Thomas and Rick Riassetto
of Flex Tank, Vincent Di Cosimo of Coast Energy
Group and Clay Riassetto of Flex Tank.

cretive to the Partnership’s unit holders and
is complementary to our existing terminal asset base and business along the Gulf Coast.
This acquisition enables us to apply our current terminaling expertise to an expanded
product slate on a long-term fee basis and
enhances the Partnership’s cash flow mix and
geographical footprint. We expect to invest
incremental growth capital in the near future
to expand the capacity of the terminal supported by new long-term contracts. This is the
first acquisition for our recently added products and crude storage and terminaling team
who has been charged with growing this asset
base. They are actively negotiating other refined products and crude storage and terminaling acquisition opportunities that could be
consummated this year. If we were to acquire
these properties, they would also generate
fee-based income and potentially provide organic growth opportunities,” said Rene Joyce,
CEO of the Partnership’s general partner and
of Targa Resources Corp.
Built in 1981, Flex Tank Systems has approximately 544,000 barrels of storage capacity and contains blending and heating
capabilities, tanker truck and barge loading
and unloading infrastructure. Currently, the
capacity is 100-percent leased to customers
that include a multinational oil company and
regional refineries. Also on site, there is a six

spot truck rack and one barge dock (for loading/unloading). The terminal is serviced by
truck and rail and by intercoastal barges that
deliver and receive petroleum products.
IVS Investment Banking was the exclusive
adviser to Flex Tank Systems.
“I had already known [IVS Investment
Banking’s President] Thomas Brinsko for
several years when his company was referred
to me by another client of theirs, so I had a
good comfort level engaging them to help
sell Flex Tank,” said Hank Thomas, president of Flex Tank Systems. “IVS Investment
Banking’s process included preparing financial models and confidentially contacting a
significant number of strategic and financial
buyers. I felt completely informed and ‘in
the loop’ during the entire process. We ended
up receiving numerous expressions of interest. We’re very pleased with the final results.”
“Through this difficult economic environment, IVS Investment Banking successfully
marketed Flex Tank to potential buyers,” said
Brinsko. “We received interest from more
than a half dozen companies, which allowed
us to get the top end of market value.”
For more information on Targa
Resources, visit www.targaresources.com
or call (713) 584-1133.
For more information on Flex Tank
Systems, visit www.flexservices.com or call
(281) 862-2900.
If you are interested in selling, investing in or buying companies in the
energy, industrial, and/or maritime
sectors, please contact Thomas Brinsko at IVS Investment Banking at
(281) 538-9996, e-mail tbrinsko@bical
liance.com or visit www.bicalliance.com.

Delivering Premium Value for Business Owners
Management-led buyouts | Buying or selling a company | Leveraged recapitalization | Raising capital to grow

La Porte, TX

has acquired

H RI
I N C O R P O R A T E D

Buffalo, MO

Contact IVS.
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Barcelona, Spain

Dallas, TX

has formed a strategic alliance and
made an investment with

has completed a
recapitalization with

New Orleans, LA

Houston, TX

Houston, TX

Houston, TX

has acquired the assets of

has acquired through their subsidiary
Coast Energy Group LLC
100% of the assets of

Dallas, TX

Channelview, TX

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MarEx_44.indd 77

5/24/11 10:31 PM

SHIPYARD DIRECTORY
AUSTAL

BAYONNE DRY DOCK & REPAIR CORP.

Austal’s US shipyard occupies 115 acres in Mobile, Alabama. As the
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was delivered in 2009. In 2010, the Navy awarded Austal a 10-ship LCS
contract. Austal is also under contract by the Navy to build 5 JHSVs.

Bayonne Dry Dock & Repair Corp. boasts New York Harbor's largest
dry dock facilities. We provide our customers with "On Time, On Budget" repairs, completed with unparalleled quality and workmanship.
Our facilities offer deep water pier space and graving docks which are
managed by marine fabrication and repair professionals, and staffed
by skilled craftsmen, technicians and specialists.

MAY/JUNE 2011

Austal
T: +1 (251) 434 8000
F: +1 (251) 445 1955
www.austal.com

78

Bayonne Dry Dock & Repair
T: +1 (201) 823 9295/9296
F: +1 (201) 823 9298
info@bayonnedrydock.com
www.bayonnedrydock.com

CENTA CORPORATION

DAMEN SHIPYARDS GORINCHEM

The global leader in the innovation and manufacture of flexible
couplings and drive shafting solutions for torsional vibration and misDOLJQPHQWUHODWHGSUREOHPV&(17$ÝVVWDIIRIGHVLJQDQGFDOFXODWLRQ
engineers ensures that your equipment receives the required attention
as well as the ideal coupling solution. Over 20 coupling designs and
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Damen Shipyards is market leader in design and construction
of a wide variety of first class workboats. Damen Shipyards’
worldwide presence, financial solutions and local support offers
a one-stop-shop package unique to the business, based on 80
years experience.

THE MARITIME EXECUTIVE

CENTA Corporation
T: +1 (630) 236 3500
info@centacorp.com
www.centa.info

Damen Shipyards Gorinchem
T: +31 (0)183 63 90 47
F: +31 (0)183 63 77 62
americas@damen.nl
www.damen.nl

DETYENS SHIPYARDS, INC.

DONJON SHIPBUILDING & REPAIR

Detyens Shipyards, Inc., located in Charleston, SC has supported commercial ship owners, in the U.S. and abroad, with an experienced team
that emphasizes quality, safety and competitive prices. Our facility, with
3 graving and 1 floating dock ranging from 136.5m x 21m up to 229m
x 33.5m, deep water access and the location, provide owners with the
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utilizes years of experience to meet the needs of an ever-expanding industry to provide shipbuilding, dry-docking, barge construction, vessel
conversion, repowering, repair, maintenance, steel fabrication, steel
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commitment to its customers is unmatched.

Detyens Shipyards, Inc.
T: +1 (843) 308 8000
F: +1 (843) 308 8059
sales@detyens.com
www.detyens.com

Donjon Shipbuilding & Repair
T: +1 (814) 455 6442
F: +1 (814) 455 8121
www.donjonshipbuilding.com

EURO-MARINE LTD.

FOSS MARITIME

Now for the first time it is possible to combine many naval roles into a
relatively small boat of 65’ with the features and mission capabilities
found on much larger vessels. All the while remaining less expensive,
more maneuverable, more versatile, and more efficient.
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,QWHUGLFWLRQ6XUYHLOODQFH

Foss Maritime’s Seattle Shipyard serves a variety of vessels offering
repairs, maintenance, major conversions, and yacht services.
Foss’ Rainier, Oregon shipyard offers new construction; tug boat
maintenance; and conversions, including hybrid tug retrofitting.

Euro-Marine Ltd.
T: +1 805 551 2144
info@pi-65.com
euromarineltdpatrolboats.com

MarEx_44.indd 78

Foss Maritime
T: +1 (800) 426 2885
F: +1 (206) 281 4702
www.foss.com

5/24/11 10:32 PM

SHIPYARD DIRECTORY
GIBDOCK

GULF COPPER

Gibdock is located at the gateway to the Mediterranean on one of
the principal crossroads of world shipping. Centred in a large, full
service deepwater port, the yard offers three drydocks and berthing
alongside, and complete commercial shiprepair and conversion
services, including – steel/pipe work, painting/blasting, mechanical,
engine and tail end repair, and electrical systems maintenance.

Gulf Copper is the premier service company along the Gulf Coast providing fabrication services, shipyard services, global services, environmental services, and a multitude of ancillary services. With Gulf Copper’s strategically positioned waterfront facilities we are able to quickly
respond to our clients needs. Gulf Copper is an Employed, Owned
Customer Driven Company that has been providing a safe working
environment and a superior quality of workmanship for over 60 years.

Gibdock
T: +350 200 59400
F: +350 200 44404
mail@gibdock.com
www.gibdock.com

Gulf Copper
T: +1 (281) 599 8200
sales@gulfcopper.com
www.gulfcopper.com

HORIZON SHIPBUILDING

Halimar Shipyard is a full-service shipyard incorporating the latest
technological and engineering advancements. Located on the
Intracoastal Waterway in Morgan City, Louisiana with swift access
to the Gulf of Mexico, as well as the inland waterways of the United
States, Halimar provides quality products and services for the
marine offshore industry.

Whether your project calls for steel, aluminum, or fiberglass--new
construction or repair/refurbish--ABS, SOLAS, or un-classed -- Horizon builds to your requirements with highest quality, on schedule,
and within budget. Our proven customer base includes the offshore
oil industry, specialized yacht and cruise industry, tug and barge
operators, and U.S. and foreign governments.

Halimar Shipyard, LLC
T: +985 384 2111
F: +985 384 2112
info@halimarshipyard.com
www.halimarshipyard.com

Horizon Shipbuilding
T: +1 (251) 824 1660
F: +1 (251) 824 1664
www.horizonshipbuilding.com

LEEVAC

Irving Shipbuilding Inc., has the resources, skill levels and management expertise to build and repair large vessels.
ISI’s has four facilities, three in Nova Scotia, one in Prince Edward
Island, as well as Engineering Offices across Canada.
Recent orders are for building a UT-755LN; nine Mid-Shore Patrol Vessels for Canadian Coast Guard and upgrade to seven Frigates for the
Canadian Navy.

LEEVAC has a strong reputation for providing the highest quality
design, construction and repair services in the maritime industry for a
wide range of vessels. LEEVAC Industries has two locations:
LEEVAC Industries, LLC
LEEVAC Shipbuilding and
111 Bunge Street
Repair Calcasieu, LLC
P.O. Box 1190
8200 Big Lake Road
Jennings, LA 70546
Lake Charles, LA 70605-0301

Irving Shipbuilding
T: +1 (902) 423 9271
F: +1 (902) 422 5253
www.irvingshipbuilding.com

LEEVAC Industries, LLC
T: +1 (337) 824 2210
F: +1 (337) 824 2970
LEEVAC Shipbuilding & Repair
T: +1 (337) 214 0532
www.leevac.com

MALIN INTERNATIONAL SHIP REPAIR

MANITOWOC AKA FINCANTIERI

At Malin International Ship Repair & Drydock, we ensure minimum
downtime for vessels under repair through our 24 hour a day, seven
days per week shifts. Throughout our welding facilities and our
machine shop, our employees are experienced in all phases if marine
work.

Fincantieri, heir to the great tradition of Italian shipbuilding, is today
one of the largest groups in the world in the design and construction
of merchant and naval vessels. It develops and builds naval systems
(stabilisers, solutions and components for propulsion and power
generation etc.), industrial turbines, as well as diesel engines, for
both marine and industrial application through its subsidiary Isotta
Fraschini Motori.

Malin International Ship Repair
T: +1 (409) 740 3314
F: +1 (409) 740 7218
info@malinshiprepair.com
www.malinshiprepair.com

MarEx_44.indd 79

!"

THE MARITIME EXECUTIVE

IRVING SHIPBUILDING

MAY/JUNE 2011

HALIMAR SHIPYARD

Manitowoc aka Fincantieri
T: +39 040 3193111
F: +39 040 3192305
www.fincantieri.it

5/26/11 12:24 PM

SHIPYARD DIRECTORY
MARITIME PRESERVATION LIMITED

NASSCO

Exceeding Customer Expectations.
We are the longest serving shipyard in Trinidad &Tobago since 1994
offering  full service repairs from hull treatment, steel renewals -electrical, mechanical, plumbing and valves, carpentry, HVAC, chandlery
ship management services to any vessel anchored anywhere in the
Caribbean.Certified by NACE and AWS and also Lloyds, Bureau Veritas
& Det Norske Veritas.

General Dynamics NASSCO has been designing and building ships
since 1959, specializing in auxiliary ships for the U.S. Navy and
tankers and containerships for commercial service. Located in
San Diego, NASSCO employs more than 4,100 people and is the
only major ship construction yard on the West Coast of the United
States.

MAY/JUNE 2011

Maritime Preservation Limited
T: +868 625 2927 / 2962
F: +868 627 3056
info@maritimepreservation.net
www.maritimepreservation.net

80

NASSCO
T: +1 (619) 544 3400
F: +1 (619) 544 3541
www.nassco.com

NORDIC GROUP

RODRIGUEZ BOAT BUILDERS

Management company with tug/barge/operation/ management/crew/
manning/marketing & salvage services. World-wide ocean towing
logistic services. Inland & coastal US towing services through our
country wide operator network with US flag/Jones-Act privileges for
domestic cargo services.

Rodriguez Boat Builders, a family-owned company, has been building
various vessels for 35 years. We have a skilled labor force ready to
meet your needs, as well as provide the quality craftsmanship you
desire. Come visit us if you are in the Mobile, AL area…14843 Alba
Avenue. Coden, AL 36523.

THE MARITIME EXECUTIVE

Nordic Group
T: +1 (954) 524 0025
F: +1 (954) 524 0056
info@centacorp.com
www.nordicship.com

Rodriguez Boat Builders
T: +1 (251) 824 4067
F: +1 (251) 824 9557
www.boatbuilderonline.com

SEAARK MARINE

SEASPAN SHIPYARDS

SeaArk Marine designs and builds boats in a variety of models and
sizes to best suit the customer’s application and mission requirements. Specializing in military, governmental and commercial areas
including patrol, security, fire and search and rescue, SeaArk has
earned and maintained its reputation as the premier builder of small
and midsize all-welded aluminum boats.

Seaspan’s Shipyards are strategically located on the Pacific NW shipping lanes in Vancouver and Victoria, BC. Our yards are certified to ISO
9001 for quality, OHSAS 18001 for safety and ISO 14001 for environmental standards. Our reputation for quality craftsmanship, customer
service, and expertise in design, construction, overhaul, repair, conversions, life-cycle maintenance and refurbishing of naval and commercial vessels is unsurpassed on Canada’s West Coast.

SeaArk Marine
T: +1 (870) 367 9755
F: +1 (870) 367 2120
sales@seaark.com
www.seaark.com

SHIPYARDS

Seaspan Shipyard
T: +1 (604) 988 6361
jshaw@seaspan.com
www.seaspan.com

SIGNAL INTERNATIONAL

TALLERES NAVALES DEL GOLFO

Signal International, LLC is a leading Gulf of Mexico provider of
marine and fabrication services. Signal’s facilities span the Gulf of
Mexico, affording easy access to offshore rigs and platforms. Two
yards in Texas and two in Mississippi expeditiously deliver quality
workmanship to maximize customers’ uptime.
Signal International stands ready to do the tough job, in accordance
with each customer’s specifications - on time and on budget.

TNG is a global company which began its operations in 1995.  Currently
offers integral fabrication and ship repair services and is strategically located in one of the busiest ports in Mexico. Our professional
bids, competitive pricing and past performance within the naval repair
industries have proven our capability and given us the continuous recognition of our clients. TNG is an ISO 9001-2008 certified company.

Signal International
T: +1 (251) 544 2620
www.signalint.com

MarEx_44.indd 80

Talleres Navales Del Golfo
T: +(52) 229 9892500
F: +(52) 229 9892510
tng@tnghph.com.mx
www.tnghph.com.mx

5/26/11 5:56 PM

T E C H N O L O

G Y

T O

P R O T E C

T

A N D

P R E S E R V E

SSPC Protective Coatings Inspector Program (PCI)
meets requirements of IMO-PSPC

Coatings Inspection
Certification in 1 Week !

PCI has been approved by Lloyd’s Register, the American Bureau
of Shipping (ABS), and Registro Italiano Navale (RINA) the world’s
largest commercial shipping classification societies, as equivalent
to NACE Coating Inspector Level 2 and FROSIO Inspector Level III
in accordance with the IMO Performance Standard for Protective
Coatings and IACS CSR.
PCI provides coatings professionals with the ability and opportunity
to put their experience to work and gain certification from an
internationally-recognized organization.

For more Information
Contact Shawn Nedley
Toll-free in the US, 877.281.7772
or 412.288.6029, ext 2210
nedley@sspc.org

w w w. s s p c . o r g