Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with certain affiliates of Nabors Industries Ltd. to acquire 20 offshore supply vessels and their related business for cash consideration of $186m, plus the cost of any fuel inventory on such vessels. The Sea Mar Fleet is comprised of ten 200 class DP-1 new generation OSVs and ten conventional OSVs. The Company has also agreed to purchase one 285-foot DP-2 new generation OSV currently under construction at a domestic shipyard with an anticipated fourth quarter 2008 delivery. The expected cost of this newbuild vessel, prior to allocation of construction period interest, is approximately $34.0 million, of which about $7.3 million will be paid to Nabors at closing. All of the vessels to be acquired by Hornbeck Offshore are U.S. flagged and qualify for U.S. coastwise trade under the Jones Act except for one of the conventional vessels, which is foreign-flagged. In addition, under a separate agreement and effective upon closing, Hornbeck Offshore will manage five Nabors-owned Mexican flagged vessels currently operating offshore Mexico. The Sea Mar acquisition will be funded with cash on-hand and is expected to be immediately accretive to earnings. Cash utilized for this transaction will not alter the Company's plans to fund its previously announced newbuild and conversion programs from remaining cash on-hand and
Nabors Industries Inc. on Thursday reported better-than-expected first-quarter earnings, propelled by a surge in demand for its drilling rig fleet and services. The Houston-based driller earned $.51 per diluted share on a quarterly record operating income of $124 million, compared with $.12 a share on $33.2 million in the year-ago quarter. Wall Street analysts polled by Thomson Financial/First Call had estimated first-quarter earnings of 45 cents a share.
Singapore's CH Offshore Ltd has chartered out two AHTS vessels on long term bareboat charters to an unamed company. The charter concerns the “Amethyst”, a 2007-built 12,240 brake horsepower anchor-handling tug supply vessel and the “Turquoise”, a 2007-built 12,240 brake horsepower anchor-handling tug supply vessel, for a period of three years each, with an option to purchase at the expiration of the charter. CH offshore
ABS Nautical Systems has signed a contract with Arina Offshore (Fze) for use of its NS5 Enterprise software, marking the fourth new customer win in this region. The Dubai based company which specializes in vessel chartering and brokerage will utilize the Maintenance Manager module on one of its offshore vessels through the ABS Transfer of Class Agreement (TOCA) Initiative*. The TOCA Initiative offers free software to any vessel that transfers class into ABS.
The National Offshore Safety Advisory Committee (NOSAC), sponsored by the U.S. Coast Guard, will conduct a teleconference meeting on February 3. The purpose of the meeting is to discuss the formation of a subcommittee on application of the Safety of Life at Sea (SOLAS) Convention to various types of offshore support vessels working in foreign locations. 70 Fed. Reg. 3051 Source: HK Law
One of Jumbo Offshore’s heavy lift & installation vessels, the DP2-ship Jumbo Javelin, is preparing to deliver installation services for offshore wind farms. It will be able to ship and install Transition Pieces (TP’s) for wind turbines. The vessel will be able to carry nine TP’s at a time, each with a weight of approx. 285 tonnes. All the TP’s can be stowed vertically in the hold of the vessel and transported to the offshore location site
Kongsberg Maritime has completed the installation and commissioning of an integrated bridge and automation solution during a large-scale retrofit of the Saipem 7000, an advanced Semi-submersible crane and pipelaying (J-lay) DP3 vessel. The Saipem 7000 retrofit was a ‘Full Picture’ project for Kongsberg Maritime, which featured replacement of several key systems including Automation, Thruster control, Dynamic Positioning, Ballast control and Integrated Bridge System
Six Tee Engineering Groups has adopted Intergraph SmartMarine 3D software. The Singapore and China-based company specializes in the basic and detail design and project management of marine and offshore structures. Six Tee selected SmartMarine 3D to increase productivity and quality for its work in the basic and detail design and project management of marine and offshore structures. Six Tee projects include floating production
FMC Technologies entrusted Rina Group’s company, RINA Services, with the Technology Qualification of its new technology loading arms designed for installation on the FSRU Toscana and also the Chiksan Articulated Tandem Offshore Loader (ATOL) marine loading arms. Both feature innovative technologies to transfer LNG in a marine environment, and both are now qualified to enter service. Dino Cervetto, Technical Services Sector Manager, Rina Services, said
Keppel AmFELS Inc., the U.S. subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), is on course to a timely delivery of Scorpion Offshore Ltd.’s first jackup drilling rig at the end of May 2007. The ultra premium drilling rig, Offshore Courageous, is the first of five jackups that Keppel AmFELS is constructing for Scorpion Offshore. The other four rigs are Offshore Defender, Offshore Resolute, Offshore Vigilant and Offshore Intrepid.
Nordic American Offshore Ltd. (NAO) informs that it has secured platform supply vessel (PSV) contracts with a major oil company. NAO’s two new contracts with are for four months firm periods, with further options for each vessel.
New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth in 2014 and should expand at a similar pace on average over the coming two years, an industry report said on Friday.
Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business Park property located on James Drive East in St. Rose, Louisiana is scheduled to begin this spring.
An independent consultancy and software development company will launch a new web and PC based navigational charting app at Ocean Business 2015. Norcom Technology Limited said its eChart software combines up to date information from different sources including wreck, cable
GE unveils GE Marine organization to power, propel and position the global marine industry GE unveiled today its new GE Marine organization which cumulates several GE businesses and will be led by Tim Schweikert, vice president, GE Marine.
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design, engineering and manufacturing of the two winches from its base in Stellendam in the Netherlands
About 40 illegal migrants heading from Bangladesh to Malaysia to look for work were missing on Thursday after their boat sank, police said. A steady stream of people including job hunters and asylum seekers leaves Bangladesh and neighbouring Myanmar for Southeast Asia
On Tuesday, January 27, LEEVAC Shipyards Jennings, LLC launched hull 367, a platform supply vessel (PSV) designed by LEEVAC Design Services, LLC (300 DE-52 HAB PSV). Hull 367, the first of a two-vessel newbuild program for Tidewater Marine, is LEEVAC’s first launch in 2015
Bibby Ship Management has recruited a new Regional Managing Director for the UK and Isle of Man, Andrew Rodden, who brings with him commercial and technical knowledge and experience. Andrew Rodden will manage Bibby Ship Management’s Crew & Technical service delivery across the U.K
Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources. The parties discussed the main issues of constructing a new gas pipeline across the Black Sea towards Turkey.
Greatship (India) Limited (GIL), a wholly owned subsidiary of The Great Eastern Shipping Company Limited, has signed a contract to buy a 2015-built 4000 dwt Platform Supply Vessel (PSV). The vessel is expected to join the Company’s fleet during Q4FY2015.
National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on the 2017-2022 Draft Proposed OCS Oil and Gas Leasing Program, stating the U.S. Department of the Interior’s draft offshore oil and gas leasing program adds Atlantic opportunities, but misses others.
For Russian Maritime Register of Shipping (RS), 2014 marked the 101st year of its activities. The classification society said 2014 also marked a landmark year, as the construction of the world's first Arctic LNG carrier began to RS class. The new 300-meter-long ship carrying liquefied natural gas
CORIMA, part of the Italian Gesmar Group, has ordered a Damen ASD Tug 2810. The Damen ASD Tug 2810, which has a 60 metric tons bollard pull, will be deployed in the port of Ancona. With the official signing ceremony taking place on January 12
Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha. Ferguson Group Australia, global specialist in offshore DNV 2.7-1/EN12079 containers, tanks, refrigerated modules, engineering workspace and accommodation modules