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.
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
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
The Greenbrier Companies, Inc. says it joins all of Oregon in expressing its condolences to the family of Victor G. (“Vic”) Atiyeh, former Governor and past member of Greenbrier’s board of directors. Atiyeh died late Sunday at the age of 91
DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters. In what DNV GL is calling the first comprehensive overview of its kind , the roadmap document entitled “Verification for
Coast Guard and local agencies are responding to a plane crash near Pago Pago International Airport after a single-engine plane crashed into the water Tuesday night. Coast Guard watchstanders at the Joint Rescue Coordination Center in Honolulu received notification from the Regional Command
EU Council Adopts Regulation on EMSA Funding The European Union Council adopted a regulation yesterday to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014-2020.
The board of Alstom unanimously approved the offer from General Electric to buy its energy business, said Saturday the French industrial group in a statement. The final proposal, which won approval Friday from the French government, "not only addresses the interests of Alstom and its
Ukrainian government troops and pro-Russian separatist forces on Sunday fierce fighting, which makes the Ukrainian authorities to make further unilateral ceasefire declared by pressure. Meanwhile, Russian President Vladimir Putin urged the Ukrainian authorities to negotiate with the
The delivery ceremony for the M/T Al Dasma, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwa it Oil Tanker Co. S.A.K. (KOTC) was held in Kuwait on June 23, 2014. The Aframax Product Tanker, named the M/T Al Dasma following its delivery to KOTC
CMA CGM Group announced that the maiden voyage of the CMA CGM Danube will begin on June 30 in China. The 9,400 TEU vessel is the first of a series of 28 ships from 9,400-10,900 TEU which will be delivered through the third quarter of 2016.
The Long Beach Board of Harbor Commissioners is scheduled to vote Monday, June 30, to name Jon W. Slangerup, a veteran corporate executive with extensive experience in global logistics and environmental technologies, as the Port of Long Beach’s new Chief Executive.
The bulk of the Costa Concordia cruise liner that capsised off the Tuscany coast in 2012, killing 32 people, will be demolished and scrapped in the port of Genoa, the Italian government decided on Monday. The decision for the work to be done in Genoa, in northern Italy
The International Support Vessel Owners Association (ISOA) has made an award to support maritime industry workers served by the Seamen’s Church Institute. The International Support Vessel Owners Association (ISOA) recognized the Seamen’s Church Institute’s (SCI) service
Entries will be accepted until Aug. 1, 2014 for the inaugural SHIPPINGInsight Award. The annual award will honor a ship operating company and its technology partners for the successful implementation of an innovative technology or initiative that reduced operating costs and improved operating
Cleveland Europe Express shows major increase in volume, while established maritime and development finance revenues also up substantially The Port of Cleveland announced that its Cleveland-Europe Express, the dedicated monthly liner service that launched in April
In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document called “Verification for compliance with United States
TE SubCom has announced the commencement of the new Hibernia Express submarine cable system. The 4,600 km cable will provide the lowest-latency fiber-optic path between New York and London, connecting Halifax, Nova Scotia and Brean, UK