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Two recent studies point to an uptick in the construction and installation of floating production systems (FPS).
A strong month for shipyards helped lead the WorkBoat Composite Index to a 96-point gain in February. The strong 5.5% gain helped offset January’s weak start to the year when the Index lost 47 points. For the month, winners topped losers by a 4-1 ratio. The Index also topped the Dow and S&P in February.
The energy sector continues to push into new frontiers, which is having a big effect on barge operators and other domestic transport suppliers.
Recently, a client wanted to purchase a tall ship at a bargain price. Our dilemma was this: What is the vessel really worth?
The probable cause of the sinking of the tall ship Bounty was a reckless decision by the captain to sail into the forecasted path of Hurricane Sandy.
A boat fire, especially offshore, is a frightening thing. With smoke and flames pouring down narrow corridors, into small rooms or across a deck, escape routes are few and often nonexistent.
A number of issues important to the inland navigation industry have made significant progress in the last year. These include:
Changes in the energy market, the lingering effects of a record drought in 2012 and a slow national economic recovery all weighed heavily on the inland barge industry last year and continue to shape the industry’s decisions and direction.
In our industry, usually when there’s a big boom (or bust) going on, it’s all about offshore energy. This time, however, the boom is much closer to land.
Chef Philippe Parola sees an opportunity to reduce the carp population and build a business.
A sad tug tale
The sad end to an able tug from New York Harbor speaks to a larger issue that confronts many waterfront communities.
Author: Kathy Bergren Smith
April 17, 2014
Costa Concordia cover-up
Now that the wrecked cruise ship Costa Concordia is upright, the world's eyes turn from the technical drama of the salvage operation to the legal drama of the captain's trial.
Author: Leslie Taylor
April 15, 2014
Changing a vessel's mission?
Even if you only make a slight change in how you use your vessel, one of the first calls you should make before you sign off on the changes should be to your marine insurance agent.
Author: Gene McKeever
April 15, 2014