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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


News: Austal Launches Lake Express

On March 20, Austal USA launched its seventh and largest vessel to date. Lake Express, a 192 ft. high-speed vehicle-passenger ferry rolled out of Austal's purpose-built aluminum shipbuilding facility in Mobile, Ala., and into the Mobile River. "This project is a further step in building up capacity and capability at Austal USA which will stabilize our efforts to be a major contender in larger contracts in both the commercial and military markets," said Austal USA CEO, Greg Metcalf


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


US Refiners' Group Wants Wide Debate on Oil Exports

The U.S. oil refining industry's association is not opposed to lifting the country's 40-year-old ban on crude exports as long as the move is part of a bigger effort to lower barriers to trade, the group's new head said on Tuesday.   "We're not opposed to lifting the export ban


Huge Yacht Carrier Headed for South Pacific

DYT Yacht Transport’s largest semi-submersible ship, Yacht Express, will make its first trip to Sydney, Australia. (Photo credit: Onne van der Wal)

New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific


Shipping Confidence at 7-year Low -Survey

File photo

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


Hapag-Lloyd's New Noses Lower Emissions

Bulbous bow of the Hapag-Lloyd training ship Chicago Express (Photo: Hapag-Lloyd)

Hamburg based shipping company Hapag-Lloyd plans for 24 of the largest containerships in its fleet to get new bulbous bows by 2016, with some of the vessels also pegged to be fitted with optimized propellers, ultimately enabling lower fuel consumption coupled with fewer emissions.  


Cleveland wants to be Midwest Hub for Shipping to Europe

Image: Cleveland-Cuyahoga County Port Authority

 Because of demand, the Cleveland-Cuyahoga County Port Authority (CCPA) is doubling the frequency of its service between Port of Cleveland and the Port of Antwerp this year. (The ship makes one stop, near Montreal.)    A report in AP says, so far this shipping season


CMA CGM Adds Iskenderun Call on BEX Service

china service.jpg

The CMA CGM Group has  announced that starting June 16, a call in the South Turkish port of Iskenderun will be added to the Group’s Bosphorus Express Line (BEX). The CMA CGM Group adapts its offer to its clients’ needs and introduces a unique service between Asia and


KOTUG’s Hybrid Rotortug Named in Bremerhaven

left to right: Ard-Jan Kooren (KOTUG), Annika Bootsman-Kleberg (Wallenius), Uwe Magnussen (KOTUG Germany)

First hybrid tug in German waters On June 18, 2015, the Damen-built ART 80-32 Hybrid Rotortug RT Emotion was named in the Port of Bremerhaven during KOTUG’s annual Herring Party. Annika Bootsman-Kleberg, Member of the Wallenius’ Board and granddaughter of Olof Wallenius


MOL Launches Car Carrier Brand MOL ACE

Emerald Ace (Photo: MOL)

Tapping into one of its major business fields, Mitsui O.S.K. Lines, Ltd. (MOL) has established MOL Auto Carrier Express (MOL ACE) as global brand in the car carrier service. MOL will start to use MOL ACE beginning July 1.   MOL’s carrier service network includes offices and


DMCA's Pact with TRAKHEES

Photo: Dubai Maritime City Authority

 Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has signed a strategic service-level agreement (SLA) with Trakhees, a regulatory arm of the Ports, Customs and Free Zone in Dubai


G6 Alliance Enhances Asia-Europe Service

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In response to market demand, members of the G6 Alliance today announced Asia–Europe service enhancements to improve product transit times and coverage.   Service Enhancements   Loop 7 - Additional call to Gdansk  


Brazil Tarriff Hike to Impede U.S. Ethanol Exports

Brazil was due to publish a tariff increase of 11.75 percent on imported ethanol on Monday, and the traders in U.S. ethanol, which makes up the bulk of imports to Brazil, were concerned about the move, expected to benefit local mills. In late May, the Senate passed Bill 668


Railway Links Krishnapatnam Port to WFD

Container Corporation of India starts new service from the Port

  A new efficient train service commenced its first journey from Krishnapatnam Port to ICD WFD on 19th June 2015, thereby marking a new milestone on the service offerings by the port. The first rake was a full load of import laden containers belonging to the business houses in and around


New DCF Valuations on VV‏

Proud analysis chart

  VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry. Discounted Cash Flow vs Market Valuations Discounted Cash Flow Valuations is the amount a vessel would be expected to earn as a


Crowley Vessels Receive AMVER Awards

Crowley Maritime Corp. announced that 65 of its vessels were recently recognized for participation in the Automated Mutual-Assistance Vessel Rescue (AMVER) program, a computer-based voluntary global ship reporting system used worldwide by search and rescue authorities to arrange for assistance to


AOD Orders 2 Jack-up Rigs at CSSC Huangpu Wenchong

Image: CSSC Huangpu Wenchong

 CSSC Huangpu Wenchong Shipbuilding Company has won an order to build a pair of jack-up drilling rigs for Alliance Offshore Drilling (AOD), subsidiary of Hong Kong-listed TSC Group.   The two Zentech-designed R-550D rigs are scheduled to be delivered by 2017 and June 2018, respectively






 
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