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
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
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
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
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.
Tsingtao Express deployed between Europe and Far East Hapag-Lloyd AG has expanded its fleet with another containership. The Tsingtao Express was named in Qingdao, China. It can carry 8,750 standard containers. The Tsingtao Express, named in the Port of Qingdao, is the second newbuilding that Hapag-Lloyd has integrated into its fleet in 2007. Five more vessels will follow until 2008. The Hamburg-based shipping line now has a globally deployed fleet comprising about 140 ships capable of
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
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
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
On 30 October Kuwait Oil Company (KOC) CEO Mr Hashem Sayed Hashem attended the naming ceremony of the ASD 3212 tug vessel KOC Shahem at Damen Shipyards Galati. The KOC Shahem is the second in a series of 14 tugs that Damen is building for KOC
United Nations climate talks, which ran on into a an extra day on Saturday, are heading for a watered-down deal on limiting global warming, leaving many of the toughest issues for next year's Paris summit. Peruvian Environment Minister Manuel Pulgar-Vidal, hosting the talks
A U.S. agency is considering how the country could export crude oil and natural gas from deepwater ports as the domestic drilling boom adds pressure for Washington to relax trade restrictions and approve shipments of fuel. The U.S. Maritime Administration, or MARAD
Port of Cleveland budgets for more investments in 2015; reports findings from independent study of Irishtown Bend The board of the Cleveland-Cuyahoga County Port Authority voted today to accept an annual budget for 2015. The budget includes $20 million in capital investments to enhance
Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since October 15, 2014. The total value of new contracts since the October 15
The CMA CGM Group announced its Citrus Express seasonal service will start again in November. Spread over two rotations, this service enables to export citrus fruits and apples from East Mediterranean to the Black Sea. It will call the ports of Syria
The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized the measures for not going far enough to protect the Arctic and Antarctic environments
CMA CGM to improve its ASEA service between Asia and East Africa with the launching of ASEA Kenya and ASEA Tanzania. The CMA CGM Group’s Asia-East Africa (ASEA) service upgrade is scheduled to begin December 2014 with the launch of two new services
The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, the International Chamber of Shipping (ICS) said to governments in Paris today at a meeting of the OECD Working Party on Shipbuilding.
In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where it was reported that deferral of certain bond
U.N. Secretary-General Ban Ki-moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies.
CMA CGM Group has announced the CMA CGM Litani was delivered on December 3rd, 2014 in China. The CMA CGM Litani (10,622 TEUs) is the third of a series of 28 vessels from 9400 TEUs to 10 900 TEUs, vessels which will be delivered from now to the third quarter of 2016
Second of 14 tugs on order for the Kuwait Oil Company at Damen Shipyards Galaţi A naming ceremony for the Kuwait Oil Company’s (KOC) new ASD 3212 tug vessel, KOC Shahem, was held October 30 at Damen Shipyards Galaţi. The KOC Shahem is the second in a series of 14 tugs that Damen is
The 126-foot research vessel M/V OCEARCH is currently making its way from Port Everglades, Florida to Brisbane, Australia on board DYT Yacht Transport’s semisubmersible ship 686’ flagship Yacht Express. The research vessel is the namesake of the nonprofit organization OCEARCH
Rep. Joe Crowley (D-Queens, the Bronx), Vice Chair of the House Democratic Caucus, announced that he, along with 25 bipartisan members of Congress, sent a letter to the U.S. Department of Transportation and the Office of Management and Budget urging the agencies to develop and support a plan to