Online @ www.marinelink.com Online Resources SUBSCRIBE Subscribe to the print or electronic edition of MarineNews at www.marinelink.com/renewsubscr/Renew0 4/subscribe.html or e-mail Kathleen Hickey at email@example.com DAILY NEWS via E-MAIL Twice every business day we provide breaking news, tailored to your specification, delivered FREE directly to your email. To subscribe visit http://maritimetoday.com/login.aspx POST & SEARCH JOBS Job listings are updated daily and help match employers with qualified employees. Post a position or keep abreast of new employment opportunities at http://www.maritimejobs.com ADVERTISE MN offers a number of print and electronic advertising packages. To see our editorial calendar and advertising rates, visit www.marinelink.com/AdvRates/Rates.asp SUBMIT EDITORIAL MN invites you to submit company news and events for publication on-line and in print. Visit http://www.marinelink.com/Story/ PostStory.aspx Offshore Driller Consolidation Coming? Tight demand, attractive valuations and a Norwegian company that has said it is ready to get bigger have sparked widespread expectation for consolidation in the U.S. offshore drilling sector in 2007, according to a Reuters report. Possible scenarios include a leveraged buyout by a private equity firm, large-scale recapitalizations or the acquisition of a U.S. driller by an overseas company, U.S. analysts said. And a lot of industry attention is focused on Norwegian driller SeaDrill Ltd., which reportedly said it was looking to grow by 'creating a world leading offshore drilling company.' The most talked about targets for consolidation: GlobalSantaFe, Noble Corp., Diamond Offshore Drilling, and Ensco International, according to the Reuters report. Senator Biden Calls Bor Better Maritime Security Senator Biden (D-DE) said that he intends to introduce legislation creating a Homeland Security Trust Fund for full implementation of the 9/11 Commission recommendations. Among his specific goals is requiring 100 percent cargo container screening at US sea ports. (HK Law) new 12 million BTU Vapower unit. A ballast system and a twelve-foot bow plug, along with an updated electrical system, were part of the conversions. When the POTOMAC's conversions were completed she departed the Bollinger facility measuring 372-feet with a capacity of approximately 80,000 barrels. VT Halter Secures $165m Navy Contract Modification VT Halter Marine announced a contract modification worth $165m by the U.S. Navy for the Egyptian Navy's Fast Missile Craft (FMC) project. This modification enables VT Halter Marine, as the prime contractor, to procure long lead time materials which include items, equipment and or components that need to be developed in advance of the required delivery dates due to their complex nature. VT Halter Marine secured the Phase I functional design contract for $28.8m on November 30, 2005. This contract modification was issued as a letter contract with a not-to-exceed price of $165m, which brings the total amount awarded on this program to approximately $194m. The program value could grow to more than $450m. Bollinger Converts Barge Bollinger Gulf Repair completed the retrofit and modifications of a Penn Maritime Inc. oceans tank barge to an OPA '90 compliant articulated unit. The 360-ft., 66,500 barrel black oil Barge POTOMAC arrived at Bollinger's New Orleans east facility and began the transformation from a single sided hull to double hull vessel with a new outer skin to meet the requirements of OPA '90. Her stern was modified and outfitted with the Beacon JAK connection system. The barges heating system received additional heating coils and a Employees Retain Union American Commercial Lines Inc. said that its Jeffboat LLC employees have elected to retain their representation by the International Brotherhood of Teamsters. A decertification vote by employees of Jeffboat was held on December 7, 2006. Ca te IP rp D AV ill Ar A N ar ® tic IL OW A N 3114 ulatedABLE D / 31 Pis 3 4 16/ ton 0 6 312 s for E ! 6 en gi ne s IPD Quality 4 · MarineNews · December, 2006 Expect Quality In Every IPD Box! IPD Patent Pending From the New IPDSteel TM Cast Series The Standard for Quality, Innovation, Service and Support Since 1955 I PD - 23231 S. Normandie Ave., Torrance, CA 90501 USA Phone: 310-530-1900 | Fax: 310-530-2708 | w w w . i p d p a r t s . c o m All manufacturers' names, numbers, symbols and descriptions are for reference only. It is not implied that any part is the product of the manufacturer. Caterpillar® and Cat® are registered trademarks of Caterpillar, Inc
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