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.
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
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.
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
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
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
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
China’s COSCO Guangdong Shipyard today launched Greyman Express, the sixth newbuilding livestock carrier to be constructed for Dutch company Vroon at this yard. Four newbuilding livestock carriers have already been delivered to Vroon and have entered service. The fifth vessel, Gloucester Express, will be delivered later this year, with the final two vessels - Greyman Express and Gudali Express – joining the fleet in 2016.
Seaward Services, an HMS Global Maritime company, recently marked the end of a 15-year working relationship with Austal on the Westpac Express project. Seaward Services was awarded a contract in 2001 to provide operations, maintenance and technical management. Effective June 1, 2016, while another company has taken over the charter of the vessel, Seaward Services will continue its operations, maintenance and technical management of the Westpac Express.
Container shipper Maersk Line has introduced two new services for its Far East/Southeast India network: the Chennai Express (CHX) and the Chennai Express 2 (CHX2). From January 2016, the shipper will introduce two new services, a vessel sharing agreement on the Chennai Express (CHX) and slot charter agreement on the Chennai Express 2 (CHX2). The revamped network will include a Northern China direct call, headhaul new direct port calls including Singapore, Hong Kong
“Ottantacinque”, the concept of the latest-generation luxury mega yacht developed in partnership between Fincantieri Yachts and Pininfarina, introduced last year at the Monaco Yacht Show, won the prestigious annual award of the German Design Council in the category
The safety and environmental impact of arctic shipping was on the agenda as International Maritime Organization (IMO) Secretary-General Kitack Lim received a delegation of arctic indigenous leaders at IMO Headquarters, London (25 October).
U.S. Transportation Secretary Anthony Foxx today announced $4.85 million in grants to six Marine Highway projects along the waterways of 17 states and the District of Columbia. The goal of the Maritime Administration’s Marine Highway Program is to expand the use of U.S
The Japan Patent Office has granted a patent to Eco Marine Power (EMP) for its innovative EnergySail technology, an advanced rigid sail device that can be fitted with a range of renewable energy technologies such as solar panels or wind power devices
The death toll in a Myanmar ferry sinking has reached 73, authorities said on Friday, as they wrapped up a week-long search and rescue operation for survivors and prepared to launch an inquiry into the cause of the disaster. Marine accidents are common in Myanmar
In order to offer shippers a more comprehensive service on Asia-Australia trade, Evergreen Line, OOCL, MOL, "K" Line and YML are teaming up to offer a new joint North East Asia - Australia Express (NEAX). This weekly service will utilize six ships of between 3,500 and 3
Zim Integrated Shipping Services (ZIM) is introducing an additional Asia-Pacific North West Trade route, CEN – (China Express Northwest service) with the following rotation: Xingang – Qingdao – Shanghai – Prince Rupert – Xingang.
Yemen's dominant Houthi group denied any role in missile strikes on U.S. warships in the Bab al-Mandab Strait, and offered to help investigate attacks on international shipping in the area, the news agency controlled by the group reported on Thursday.
NYK has started a new car transport service “Ruffles Ao Dai RORO Express (REX)” linking Hai Phong in Northern Vietnam with Ho Chi Minh and Laem Chabang (near Bangkok). On October 8, the NYK-operated car carrier Modern Link arrived in Hai Phong for the first call
Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1
Inland water transport terminals will come up in Kolkata and Patna under the public-private partnership (PPP) model with the Inland Waterways Authority of India (IWAI) having identified development and operation of Kolkata Terminal’s GR Jetty -I
COSCO Shipping Co. Ltd. (COSCOL) said it has been awarded a transportation and logistics contract signed by representatives of all parties on September 27, 2016 in Astana, Kazakhstan. Part of the work under the contract will be subcontracted to COSCOL’s Korean Partners
Braemar (incorporating The Salvage Association) (Braemar SA) has called for more training to be given in order to make vessel casualties manageable in the event of high-risk incidents. Addressing delegates at the annual International Shipowning and Shipmanagement Summit in Singapore
Anything but business as usual, trusted partners operate innovative, environmentally correct and cutting edge equipment – in a decidedly niche trade. A new freight service began operation in southern California this past April
Australia has selected U.S. defence company Lockheed Martin Corp as its preferred bidder to supply the combat system for its new $38 billion fleet of submarines, the country's defence industry minister said on Friday. Lockheed Martin beat out competition from U.S