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A recent survey found that shipping confidence reached its highest rating in the past three years in the three months to end-August 2017. According to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens, the average confidence level expressed by respondents to the survey was up slightly from the 6.1 out of 10 recorded in the previous survey in May 2017 to a three-year high of 6.2. The improved rating was attributable mainly to increased confidence on the part of owners, up from 6.1 to 6.5. Confidence levels on the part of brokers, meanwhile, fell from 6.4 to 6.3, while managers and charterers recorded more substantial drops – from 6.
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold stacked. The company will recognize an impairment charge of approximately $1.4 billion during the third quarter of 2017 associated with these actions.
Crowley Maritime Corp. announced that it has established a flow of relief cargo into San Juan, Puerto Rico, following Hurricane Maria, the devastating Category 4 storm that made direct impact with the island on Wednesday. To make this possible, Crowley has four vessels loaded with a mix of relief and commercial cargo currently en route to the company’s Isla Grande terminal in San Juan, with two more scheduled to follow. These six vessels will begin entering the harbor as soon as the U.S. Coast Guard deems it is safe to do so, which some reports indicate may be as early as tomorrow morning.
General Dynamics Electric Boat delivered the nuclear-powered attack submarine Colorado (SSN 788) to the U.S. Navy. The 15th ship of the Virginia Class, Colorado is the fifth of the eight-ship group known as Block III. According to the builder, these ships embody a Navy and industry commitment to reduce costs while increasing capabilities through an initiative comprising a multi-year procurement strategy, improvements in construction practices and the Design For Affordability (DFA) program. “This delivery demonstrates the skill and commitment of everyone involved in the Virginia-class submarine program,” said Electric Boat President Jeffrey S.
Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations. Lance C. Lemcool, Horizon Shipbuilding Vice President, today issued the following statement on behalf of the Alabama-based boat builder: “Last year, Travis R. Short, President of Horizon Shipbuilding saw an opportunity to repeat a great construction performance from 2012. Namely, an unheard of quantity of vessels in a very short period of time starting from ground zero. Hornblower (HNY Ferries) offered just this type of opportunity through its NYC Ferry project and Horizon has achieved what most believed couldn’t be done.