Friede Goldman In Deal To Buy Halter Marine In a deal that will create the U.S.’ most prolific offshore building company, Friede Goldman International Inc. announced plans earlier this week to buy ship builder Halter Marine Group Inc. The agreement is valued at about $220 million calls for each Halter share to be exchanged for 0.4614 share of Friede Goldman.
From a single newbuild and repair yard near Rotterdam in 1927, the family-owned Damen Shipbuilding group has expanded to 38 shipyards and related companies involved in new construction as well as repair and maintenance activities. Now with more than 8,000 employees and a presence in 34 countries, the Netherlands-based Damen group has become one of the world’s most successful shipbuilding businesses, thanks largely to its production methods and ever-expanding design portfolio.
Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million. Slated for delivery in 1Q2013, the rig will be able to operate in water depths of 350 feet with a drilling depth of 30,000 feet and accommodate 120 men.
According to Rigzone, Gulf Capital has acquired, as part of a large investment consortium, a 21% stake in Maritime Industrial Services Co. (MIS) was acquired as part of a larger private placement that raised $80 million for MIS on the Norwegian over the counter (OTC) market. The private placement will enable MIS, which provides a fully integrated onshore and offshore engineering, procurement, fabrication, construction and shipyard service
Keppel Singmarine Pte Ltd (Keppel Singmarine), the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), won four contracts worth $230 m to build six offshore support vessels (OSV) and a derrick pipelay vessel. Delivery dates for these vessels are expected between the second half of 2009 and the first half of 2010. This is the first time that Keppel Singmarine is building a derrick pipelay vessel, and for a new customer, Global Offshore International Ltd (Global Offshore)
Daewoo Shipbuilding Marine & Engineering Co., won a $430m order to build an offshore drill ship. The deal from Odfjell Invest Ltd. calls for Daewoo Shipbuilding to deliver the semi-submersible ship by June, 2010, the company said. Daewoo Shipbuilding said that the deal includes an option to build another drill ship. The company won a total of $4.3 billion worth of orders in 2006 to build offshore facilities such as platforms and rigs
One of the world’s largest multi-purpose offshore construction vessels (OCVs), the OSA Goliath, built for Singapore-based Coastline Maritime, has been built to ABS standards. The unit is 590 ft by 39.5 ft with a deadweight of 22,000 tons. It is equipped with a dynamic positioning rating of DP-3 and features a 2,000 ton crane that can be used to install offshore platforms, deepwater pipelines and offshore wind turbines
Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an Anchor Handling Tug Supply (AHTS) vessel. Delivery is scheduled for April 2007. NorSkan Offshore is an offshore supply vessel company owned by Solstad Offshore ASA and DOF ASA in Norway on a 50/50 basis, and is focusing on the strong Brazilian offshore vessel market.
Keppel Singmarine Pte Ltd (Keppel Singmarine), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered an Anchor Handling Tug/Supply (AHTS) vessel to Gulfmark Offshore Inc (Gulfmark) on schedule. The 140-ton bollard pull vessel was christened Sea Cheyenne by Rex Carroll Ross, wife of Rex Ross, Director of Gulfmark Offshore, at a naming ceremony on October 27, 2007. This is the third of eight vessels which Keppel Singmarine is building for the company
According to reports, South Korean shipbuilders are profiting more from selling high-value units such as offshore plants and liquid gas carriers than ever. Daewoo Shipbuilding and Marine Engineering, already has won a record-high $7 billion in building orders this year, which exceeds last year's record of $6.6 billion. Such high performance was largely affected by the sales of four offshore oilrig units, which amounted to $1.9 billion in total.
Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas AS and well-known marine and offshore sales and support organization Imtra Corporation, of New Bedford, MA.
Key areas of concern for seafarer safety and security in both marine and offshore operations have triggered the release of six new and one supplementary titles from computer-based training specialist Seagull Maritime. Third quarter 2014 releases include specific emphasis on the offshore
U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic. U.S. sanctions on Russia over its aggression in the Ukraine seek to stop billions of dollars worth of cooperation between
Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway
Clarkson Capital Markets, the investment banking arm of shipping services group Clarkson PLC, says it has enhanced its equity research coverage with the appointment of Omar Nokta as Managing Director of Shipping Research. Omar will be based in CCM's New York office.
Vroon’s newbuilding ERRV, VOS Famous, was launched in China yesterday. This 50-m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard. VOS Famous is the fourth in a ten-vessel newbuilding programme
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners
Canada’s NRC creating solutions for the growing Canadian shipbuilding, military vessels, marine commercial transportation and offshore resource industries As marine experts gather for the Ocean’s 14 conference in St. John’s Newfoundland
Maritime Research Institute Netherlands (MARIN) announced the formal investment of 2 million Euros in a large and fast Bull computer cluster (4000 computational cores). This supercomputer complements MARIN’s extensive model basins, simulators and full-scale monitoring tools.
ExpoForum Convention and Exhibition Centre in St. Petersburg, October 7-10 will host the International Specialised Offshore Exhibition and Conference 'Offshore Marintec Russia' dedicated to the Arctic continental shelf infrastructure development informs official Russian news source
In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more than 30 years.
The fourth Houston Shipping and Offshore Conference has announced the final program for its Friday, October 10 conference at the Houstonian Hotel, Club & Spa, 111 N. Post Oak Lane, Houston. This year’s program is centered on the theme
URAG, a German port and offshore towage provider based in Bremerhaven, has placed an order for two Damen ASD 2411 tugs. The contract was signed at the SMM exhibition in Hamburg. This contract follows an order placed in September 2013 for an identical vessel which is under management by
iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management, which will see iSURVEY AS provide positioning services to Island Offshore as part of a call off arrangement. Operations have already commenced on the first vessel
Incat Crowther announced the launch and sea trials of Muslim Magomayev, a first-of-type 70m Catamaran Fast Crew Boat (FCB). Constructed by Incat Tasmania, Muslim Magomayev is compliant with IMO HSC code and complete with a crew transfer system consisting of dynamic positioning equipment class