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CAJUN EXPRESS

Ultra-Deepwater Cajun Express Contract

Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558.5m and $894.3m, respectively, depending on the date of execution of conversion. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments. The contract term is expected to commence in the first quarter of 2010 following the completion of the rig's current contract. The approved contract is expected to be executed by subsidiaries of Petrobras and Transocean at least 90 days prior to the rig's arrival in Brazil.


Transocean's Latest Fleet Update

The company's update includes new contracts, significant changes to contracts, & changes to estimated times out of service. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The value of new contracts or extensions since the January 17


Outstanding Passenger Vessels

Dinner Cruise Vessel Boasts Mega-Yacht Style Measuring 175 ft. in length, dinner cruise vessel Starship was recently delivered to Starship Cruise Lines of Biloxi, Miss. Boasting a mega-yacht style, the vessel was designed by Naval Architects Dejong & Lebet of Jacksonville, Fla., and constructed by Freeport, Fla.-based Freeport Shipbuilding. Plachter-Vogel Design provided interior architecture. USCG-Certified under Subchapter K for 600 passengers, plus 30 crew


Yacht Express Makes Debut Down Under

Dockwise Yacht Transports’ (DYT) newest ship, the 687.5-ft. (209 meter) Yacht Express, is due to arrive in next week. The largest vessel of its kind in the world, Yacht Express was purpose-built with a semi-submersible dock bay that allows yachts of any size to be safely floated on and off as cargo. The ship made its maiden voyage from , , to , in April with a mostly-megayacht load worth $154m. Twenty-five of the vessels will unload in while eight will remain in transit


Good Samaritan, USCG Rescue 1 near Grand Isle

A Good Samaritan and a U.S. Coast Guard boatcrew rescued one person from the water 19 miles offshore Grand Isle, Friday. Watchstanders at the 8th Coast Guard District command center received a 406 emergency position indicating radio beacon for the shrimping vessel Andy & Johnny Jr. Coast Guard Sector New Orleans established radio communications with the distressed vessel and issued an Urgent Marine Information Broadcast. 


Hapag-Lloyd's New Set-up in Mediterranean

Transit time

  As one of the top global carriers Hapag-Lloyd offering a comprehensive service network have announced their new service Turkey Israel Express. Furthermore Levante Express and Adriatic Express Service will offer an enhanced service to meet your requirements. The first voyage of the Turkey Israel Express will commence with the MV “Flintercoast” voyage 001EB / DP 94100, ETD Mersin, Turkey May 5, 2015


DYT Launches Super Ship

Dockwise Yacht Transport (DYT), the world's only float-on/float-off yacht transport service, has launched its newest ship, which will provide yacht owners with faster and more frequent delivery of their luxury power and sailing yachts across the Atlantic Ocean. The 685.7-ft. (209 m) Yacht Express, built at the Yantai Raffles Shipyard in China, has an official delivery date of May, 2007. It will be the largest vessel of its kind in the world


Napa, ABS Team on Safehull Express

The ongoing collaboration between Napa Ltd and ABS has culminated in the recent release of a new version of SafeHull, called SafeHull Express. SafeHull Express is used for the design and assessment of ship structures in accordance with the ABS rules. The new and upcoming versions of ABS SafeHull Express are based on NAPA technology and functions, developed through cooperation between Napa Ltd and ABS Americas. The joining of forces has resulted in the integration of a complete initial


Hi-speed Subsea Drill Reaming System Success

Statoil G-4 AHT2 rig floor: Photo credit Deep Casing Tools

Aberdeen-based Deep Casing Tools, completes  first operation of its 'Turbocaser' in the Norwegian North Sea, with a successful 21 hour reaming run. The Turbocaser™ Express is a high-speed drillable reaming system that enables drilling teams to land casings and intermediate liners at target depth first time. Two conventional attempts to run a 7” liner to total depth (TD) had been unsuccessful in the Statoil operated Gullfaks’ satellite well


China Shipyard Naming of Vroon Livestock Carriers

New Livestock Carrier: Photo courtesy of Vroon

Specilaist livestock carriers 'MV Galloway Express' and 'MV Ganado Express' have been named at the COSCO Shipyard in Guandong, China. These livestock carriers are the first two in a newbuilding programme of four next‑generation livestock vessels, being built for Vroon in Guangdong. The vessels have a cargo capacity of approximately 4,500 sqm and a cruising range of around 18,000 NM. They are fitted with animal-welfare facilities exceeding Australian (AMSA) regulations and incorporate a


FMC Approves Northwest Seaport Alliance

Photo: Port of Seattle

Upon competitive review and analysis of the Port of Seattle/Port of Tacoma Alliance Agreement, the U.S. Federal Maritime Commission (FMC) has voted unanimously to allow the Northwest Seaport Alliance to become effective as scheduled on July 23, 2015.  


Asian LNG Spot Climbs as Jordan, Pakistan Buy

Asian liquefied natural gas (LNG) spot prices for September delivery were higher on Friday supported by nearby demand from new importers including Jordan and Pakistan, traders said. The price of Asian spot cargoes rose to $8.10 per million British thermal units (mmBtu), from $7


Iceland Left out of Arctic Fishing Accord

Iceland left out

  Iceland was not involved in the creation of the new joint cooperation agreement on fishing in the Arctic Ocean, and insists it should be included. The five nations involved in the agreements since 2008 all have coastal boundaries with the Arctic Ocean


NMDC Completes New Suez Canal

Egyptian President Attends NMDC’s Presentation. Photo credit: National Marine Dredging Company

 National Marine Dredging Company (NMDC), the UAE's leading dredging and marine construction company, has announced the completion of the New Suez Canal project following its successful trial run on Saturday (July 25).    A total of six container ships from around the world


2GO Mulls 25% Hike in its Revenue

Image:  2Go Group

 2GO Group, Inc. plans to boost profit by a quarter this year amid a sanguine outlook on its logistics, distribution, and express courier businesses, a company official said.   The company has set a P1.1-billion ($0.04billion) net income target this year


Greece Receives Three Bids for Deep Sea Oil, Gas Drilling

Greece said on Tuesday it had received three bids for deep sea oil and gas drilling in western Greece and south of the island of Crete.   The bidders were not disclosed. The names of the bidders, and areas over which they had expressed an interest would be released after tender documents


Philippines' Warship Repair Angers China

BRP Sierra Madre ship. Photo Credit: Ritchie Tongo

 China warned it can take "further actions" after the Philippines confirmed it is fortifying the BRP Sierra Madre, a grounded ship on Ayungin Shoal (Second Thomas Shoal) in the South China Sea.   Beijing has hit out at Manila for repairing a crumbling ship serving as its


Temasek to Sell Neptune Orient Lines

Singapore state investment company Temasek Holdings has put up its struggling $1.7 billion shipping company for sale, the Wall Street Journal reported, citing people familiar with the matter. Neptune Orient Lines Ltd (NOL), 65 percent-owned by Temasek


CMA CGM Group Upgrades African Service

Photo: CMA CGM

The CMA CGM Group announced changes to its African service, upgrading its EURAF 4 service to directly connect West Africa to the West Mediterranean markets each week starting July 18, the group announced. Up until now, the EURAF 4 service has been calling the following ports: Tangiers, Lome


$1.7 billion NOL Up for Sale. Will Hapag-Lloyd Buy?

Photo: NOL Group

 Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report.   The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making


Hapag-Lloyd Modifies West Africa, Northern Europe Service

Photo: Hapag-Lloyd

Standalone West Africa Express service (WAX) offers improved transit times, connection to Hapag-Lloyds global service network. Effective August 10, Hapag-Lloyd will offer its customers an improved service between West Africa and Northern Europe, the company announced today


China to Roll out World's Largest Sea Plane

 AG-600 Seaplane. Photo by state-run China Daily

 China has started assembling the world's largest amphibious aircraft which it plans to deploy in the disputed South China Sea besides aggressively marketing it abroad, state-run China Daily reported.   “Since the first day of its development


Strong Half Year for Antwerp Port

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  The port of Antwerp handled 104,529,242 tonnes of freight in the first six months of this year, up 6.4% on the same period last year. The strong performance during the half year was mainly due to the impressive growth in container freight (up 9.5% in TEU and 7


Hapag-Lloyd Implements UV Ballast Water Treatment

The GEA BallastMaster ultraV treats ballast water by means of filtration and UV-C radiation (Image: GEA)

German shipping company Hapag-Lloyd relies on chemical-free UV ballast water treatment from GEA for fitting its containership fleet. In April 2015, the BallastMaster ultraV 500 was technically accepted on board Panamax containership London Express (shipboard acceptance approval).  


Croatia Seeks Investors to Develop Adriatic LNG Terminal

Croatia's power utility HEP and gas transmission system operator Plinacro on Tuesday invited investors to express interest in building a liquefied natural gas (LNG) terminal in the northern Adriatic, part of the country's drive for energy independence.






 
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