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Index Comparisons

9/1/2008

INDEX NET PERCENT COMPARISONS 6/30/08 7/31/08 CHANGE CHANGE Operators 1359.98 1199.10 -160.89 -11.83 Suppliers 1744.62 1694.92 -49.70 -2.85 Shipyards 1040.87 1002.69 -38.19 -3.67 WorkBoat Composite 1729.11 1633.46 -95.65 -5.53 Oil Service 354.15 307.39 -46.76 -13.20 Dow Jones Industrials   Continued »

 

Index Summary

9/1/2008

GAINERS %CHANGE U.S. Shipping Partners L.P. 38.95 Todd Shipyards Corp. 9.99 Trinity Industries 8.50 American Commercial Lines Inc. 4.76 Cummins Engine Inc. 1.25 LOSERS %CHANGE Ambassadors International Inc. -38.81 Hercules Offshore Inc. -34.32 Global Industries -33.41 Trico Marine Services   Continued »

 
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RB-M production ramps up

9/1/2008

Since Kvichak Marine Industries had extensive experience building small aluminum boats, the response-boat medium project partners (Kvichak and Marinette Marine ) decided to begin production in the Seattle area. Kvichak’s main shop is in Seattle, but the shipyard built a   Continued »

 

Index loses 5.5 percent in July

9/1/2008

Stocks that make up the WorkBoat Composite Index had another rough month in July, dropping 95 points or 5.5 percent. This follows June’s loss of almost 9 percent. For the month, losers topped winners by a 7-2 ratio. Energy shares   Continued »

 

Day rates keep climbing

9/1/2008

Utilization and day rates for nearly all offshore service vessels increased in July, with large supply vessels posting the biggest gain. Average day rates for supply vessels over 200' increased about $1,500 during July. The highest average day rate reported   Continued »

 
Kevin Horn is a senior manager with GEC Inc.,
    Delaplane, Va.

The Prince and the Pauper

9/1/2008

In Mark Twain’s “The Prince and the Pauper,” two boys switch clothes, which sets in motion a case of mistaken identities. The prince, Edward Tudor, is forced to live as a pauper, while Tom Canty assumes the prince’s life of   Continued »

 
Up to 250 45' RB-Ms will be built at Kvichak and
    Marinette.

Medium Well

9/1/2008

To see the Coast Guard’s new 45-foot response boat sitting in the water, especially from the stern quarter, is to immediately appreciate its functionality. The platform just above the waterline at the transom has a handrail along its entire back   Continued »

 
Daniel J. Hoerner is a New Orleans-based maritime
    attorney at Mouledoux, Bland, Legrand & Brackett LLC. He
    can be reached at 504-595-3000 or dhoerner@mblb.com.

Exxon Valdez award slashed

9/1/2008

Nearly 20 years after the Exxon Valdez spilled some 11 million gallons of oil, the litigation lingers on as the courts continue to try to determine what the punitive damages should be. This June, the U.S. Supreme Court provided some   Continued »

 

Response Boat-Medium Specifications

9/1/2008

Builder : Marinette Marine/Kvichak Marine Industries Designer : Camarc Design Owner : U.S. Coast Guard Mission : Search-and-rescue, law enforcement, security Length : 44'10.5" Beam : 14'7.75" Draft (loaded): 3'4" Hull / Superstructure Material : 5083-H116 aluminum plate Main Propulsion   Continued »

 
Gene McKeever is a marine insurance agent with Allen
    Agency, Camden, Maine. He can be contacted at 800-439-4311 or
    gmckeever@allenagency.com.

Safety doesn't have to cost a bundle

9/1/2008

How does a marine business owner or vessel operator establish a culture of safety? By being knowledgeable and fundamentally sound when it comes to safety. There is nothing cutting edge about establishing a culture of safety at your workplace. It   Continued »

 
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