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EQUIPMENT CHARTERING

Oceanteam CSV Charter Extended to 2018 by Fugro

CSV Southern Ocean: Photo credit Oceanteam

Oceanteam Shipping ASA (OTS) confirm the extension of the bareboat charter of their 'CSV Southern Ocean' by Fugro TS Marine Australia until the end of 2018. CSV Southern Ocean is a large construction support vessel jointly owned between Bourbon Offshore Norway AS and Oceanteam Shipping ASA. The owners say that the extension of the bareboat charter will further strenghten their contract backlog and secure future earnings. The original charter was set to expire at the end of 2015. The commercial terms between the parties remain confidential. About Oceanteam Shipping Oceanteam Shipping ASA (Oslo Stock Exchange: OTS) is an offshore shipping company. Its business is the owning, chartering and managing of Deepwater Offshore Construction Service and Pipe Lay Vessels. In addition Oceanteam Shipping provides complementary engineering services consisting of both engineering & design services and equipment to support its clients. www.oceanteam.no


VSAT Connectivity by Globecomm for Malaysia's PBJV Group

  Globecomm Maritime, a leading provider of maritime communications solutions, has been awarded a contract to provide VSAT connectivity to PBJV Group's barge Kota Laksamana 101. The barge, which accommodates up to 300 personnel, was recently chartered to Petronas, a fully integrated energy company based in Malaysia. Under the terms of the deal, PBJV is required to provide a dedicated 512kbps up and down link to Petronas staff working on board the vessel.


SBX' Acquires Remaining 50 percent in Sana Navigation

SeaBird Exploration Limited (BVI) (SBX) has acquired the remaining 50 percent ownership in the Joint Venture entity Sana Navigation Company Limited (Sana) which charters the M/V Northern Explorer from Russian owners on a long term bareboat charter. The purchase price is $25.5m. The Joint Venture is now terminated in all respects. The acquisition of the 50% interest in Sana includes the long term bareboat contract, the liquid cash, other current assets


Austal Hi-speed Catamaran: Navy Charter Extended

Troops boarding WestPac Express: Photo courtesy of Austal

The charter of the Austal high speed vessel 'WestPac Express' has been extended for a further six months by the United States Navy’s Military Sealift Command. The modification to the charter will see the ship continue to support the operations of the United States Marine Corps’ Third Marine Expeditionary Force through to February 2014. The contract extension comes almost exactly 12 years after Austal announced it had signed a world first contract to charter the 101 metre high


Liftboat Charter by China for Ezion

Ezion Liftboat: Photo courtesy of Teras Offshore

Ezion clinches US$65.7m liftboat charter contract with China Ezion Holdings has secured a four-year period charter contract to provide a liftboat to be used by a state-linked power generation enterprise in China due to start working in the Yellow Sea in the third quarter of 2013 upon its completion. A liftboat is a self-propelled, self-elevating vessel, which has a large open deck capable of carrying equipment and supplies in support of various offshore mineral exploration and


Navy Charters Kite-Powered Cargo Ship

MV Beluga SkySails is the worlds first modern partially sail-powered cargo ship. The U.S. Navys Military Sealift Command chartered Beluga SkySails to return European-based U.S. Army and U.S. Air Force cargo to the United States.

For the first time, the U.S. Navy's Military Sealift Command has chartered a kite-assisted, fuel-saving cargo ship to carry military equipment.MV Beluga SkySails departed , , Oct. 5 after the first of three European port calls to load U.S. Army and U.S. Air Force cargo before the ship's month-long voyage to the . The 400-ft. Beluga SkySails is the world's first cargo ship to use a sky sail - a giant, computer-controlled kite that can rise 100 yards into the air and uses wind power to help


Jaya Wins $20 Million Contract in East Africa

Jaya Vigilant

Jaya Holdings announced it has signed a contract to charter its newbuild DP2 Platform Supply Vessel (PSV) Jaya Vigilant for a long term operation in the Indian Ocean, offshore Mozambique. The two-year contract, which includes charterer’s options, has a value of more than $20 million. Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter’s work scope prior to delivery from Jaya’s own yard in Batam


Military Sealift Command-Chartered Ship Delivers Humanitarian Aid Equipment

From Sealift Logistics Command Public Affairs Military Sealift Command (MSC)-chartered ship SS Cleveland arrived in , March 24, carrying U.S. Navy Seabee equipment and supplies for a contingent of Navy Seabee's in the conducting humanitarian aid projects. The equipment delivered by , including a dump truck, bulldozers and generators, will be used by members of Naval Mobile Construction Battalion 74 Det. Africa Partnership Station (APS) on four construction sites. APS is a U.S


Calecore Appoints Geotechnical Division GM

Mike Southall

Calecore announced the appointment of Mike Southall who commenced employment with the company in June 2013 as General Manager, Calegeo. Mike is a chartered engineer and geologist with nearly 30 years experience as a practicing geotechnical engineer and was previously General Manager for SEtech Ltd. He will be responsible for the leadership and day-to-day management of geotechnical operations, including the DP2 Highland Spirit and Calegeo’s range of seabed geotechnical equipment


Seabulk Acquires Newbuild PSV

Seabulk International, Inc. has purchased and delivered o the Seabulk Africa, a newbuild UT-755L platform supply vessel (PSV) built at the Simek Shipyard in Norway. The 5,500-horsepower, 236-ft. vessel will join the Company's West African fleet, which presently comprises 42 vessels ranging from crewboats to sophisticated anchor handlers. PSVs are large, multipurpose vessels used to ferry equipment, supplies and personnel to offshore platforms and rigs engaged in the production of crude oil and


DryShips exercises option for Chartered VLGC

DryShips Inc Marshall Islands registered company Courtesy DryShips

 DryShips Inc. announced today that it has exercised its first option under the previously announced option agreement to acquire one Very Large Gas Carrier (“VLGC”) currently under construction at Hyundai Heavy Industries (“HHI”) for a purchase price of $83.5 million


Seacat Set for Offshore Wind Rush

Courtesy Seacat Services

Class-leading OESV operator invests in personnel and moves into new Isle of Wight HQ as it prepares for ramp-up in offshore wind construction   9th January 2017, Isle of Wight – Class-leading offshore energy service vessel (OESV) operator, Seacat Services


Dryships to Expand into VLGC sector

The Table

DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas


Marcon Sells Ocean-going Tank Barge

Photo source:Marcon International PR

Marcon International, Inc. of Coupeville, Washington started out the New Year right with the sale of the ocean-going, combo deck / tank barge “PCC Provider” on 3rd January to Alaskan buyers.   The 5,451 mtdw, 250’ x 74’ x 19’ depth barge was specifically


Forum Delivers 350th RT Torque Machine

David Neill of TAM International (left) receives a plaque from George Hendry, business development manager for Forum AMC, recognising the purchase of the 350th RT torque machine. (Photo: TAM)

Forum Energy Technologies, Inc. said it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognized downhole inflatable packer leader.   The torque machine, or bucking unit as it is commonly referred


Asia Dry Bulk-Capesize Rates Firm as Weather Delays Weigh

File Image: a large bulk carrier underway (CREDIT: BSM)

Brazil-China rates climb to a 15-month high; about 80 capesize, panamax ships waiting to unload around Tianjin.   Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help


Wärtsilä Repowers Italian Ferry

As the existing 30-year-old equipment is replaced with new Wärtsilä products, MV Moby Zazas environmental footprint is considerably reduced. Photo Wartsila

The Italian ferry company Moby S.p.A has chosen Wärtsilä to carry out the repowering of its passenger ferry MV Moby Zaza, the final vessel in a series of repowering projects that started with MV Moby Corse and continued with MV Moby Kiss.


Newcastlemax Duo Joins Diana Shipping’s Fleet

M/v San Francisco. Photo: Diana Shipping Inc

 Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548)  and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013.   The m/v San Francisco has been time chartered to Koch


Cost Reduction Through Modified EMC Regulation

Photo: RH Marine

The joint proposal to applicate risk based EMC regulations has been accepted and will be implemented January 2017. The intention of this proposal is to reduce EMC related costs by applying a risk based approach combined with smart installation methods


Mermaid Terminates Newbuild Drilling Rigs Contract

Image: Mermaid Maritime

 Mermaid Maritime and China Merchants Industry Holdings (CMIH) have mutually agreed to cancel the construction contract  for the construction of tender assist drilling rigs to be named ‘MTR-3’ and ‘MTR-4’  respectively.  


Vessel Automation: Command & Control

console.jpg

The marine industry is becoming increasingly competitive, with many looking to lower transportation costs while demanding the highest environmental and safety standards. Automating vessel operations and systems can significantly improve a vessel owner’s competitive edge in the market


DNV GL forms Committee for Offshore Equipment Manufacturers

Nick Prokopuk, Antony DSouza, Herman DeJong, Nick Roper (DNV GL) presented a certificate of appointment as Chairman to Ian Friesen (NOV) Photo DNV GL

The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing. The formation and sponsorship of industry committees is a longstanding tradition within DNV GL


Delta ‘T’ Systems Expands Production

Photo: Delta “T” Systems

Marine ventilation systems company Delta “T” Systems said it has reconfigured its two 15,000 sq. ft. manufacturing spaces and added tooling and related equipment. The change accommodates the timely construction of the company's new USCG approved A60 Slimline Fire Damper and streamlines


NYK to Jointly Own LNG Carrier for Cameron Project

New liquefied natural gas (LNG) vessel for the Cameron LNG project photo NYK

NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co., Ltd. (Toho LNG Shipping), and Tohoku Electric Power Co., Inc. (Tohoku Electric Power) will participate in the joint ownership of a new liquefied natural gas (LNG) vessel for the Cameron LNG project in the U.S


Vessel Earnings and Global Fleet Trends

Graph: Clarkson Research Services

 Clarkson Research Services says market conditions across most sectors of the shipping industry have been highly challenging in 2016.   The ClarkSea Index, which illustrates the fortunes of earnings for the major commercial ship types makes fairly clear the fate of the volume shipping






 
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