Expect more positive vibes

The November issue officially launches show season here at WorkBoat. From now until 3 p.m., Friday, Dec. 7, when the 2012 International WorkBoat Show closes, WorkBoat editors and others in our company will be in full show mode.

For you that means not only making sure that we present informative programs at the shows, but also that we continue to keep you up to date in the magazine and WorkBoat.com on the latest developments and trends in the industry. And lately, the news has been pretty good. That’s why we expect the buzz to be positive at the Pacific Marine Expo in Seattle in late November and at the WorkBoat Show the following week.

A quick look inside this issue backs this up. On page 60, Ken Hocke reports that the tug market continues to produce new designs and deliver new innovative vessels. Among them are new specialty ATBs such as the bulk ATBs Signal is building for Kirby. There’s also a new supply-vessel ATB design from Ocean Tug & Barge Engineering. And the offshore tug market continues to move forward with the delivery of the first two Crowley Ocean-class tugs from Bollinger.

In the Gulf, day rates for supply vessels continue to gain ground, with average rates for large OSVs topping $26,000 in September, according to our monthly survey (see page 13). Based on current and future deepwater rig utilization in the Gulf, expect rates for large OSVs to remain strong.

Orders for new supply vessels have been picking up since the 2011 WorkBoat Show. Some recent projects include the four 202′ DP-2 fast suppliers SEACOR is building at C&G and Gulf Craft and three 252′ DP-2 platform-supply vessels for Bordelon Marine.

Another recent deal involves Hornbeck Offshore, which announced in October that it would stretch six of its DP-2 OSVs at Bollinger. The planned 40′ midbody extensions will add more cargo and liquid mud capacity.

And I was writing this, Eastern Shipbuilding announced that Hornbeck had exercised two options for 302′ OSVs. Eastern will now build 10 of these vessels for Hornbeck. 

I expect the good news will keep coming right through show season.

 

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