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.
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.
Aker Yards has signed a contract with Island Offshore in Ulsteinvik, Norway to deliver one UT 776 CD Platform supply vessel. The total value of the contract is approximately $48.9m. This is the 23rd contract between the ship owner Island Offshore and Aker Yards. The hull for the vessel will be built in Romania and outfitted at Aker Yards, Brevik. Delivery of the vessel is scheduled for July 2009.
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
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 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.
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
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
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)
Offshore Patrol Vessels Middle East 2013 delegates acknowledge success in fighting pirates, but many treats and challenges exists in region Attendees at the IQPC Offshore Patrol Vessels Middle East 2013 conference agree that what happens at sea in the Arabian Gulf and the Middle East has
GE’s Power Conversion business has won a contract for the supply of dynamic positioning (DP) for a vessel Floating Accommodation Unit that Cosco (Nantong) Shipyard in Nantong City, China, is building for Logitel Offshore, the Singapore-based floating logistics and accommodation rig owner
The CAN DO drillship will be the front runner in exploration, development and completion operations. Following positive feedback and strong enquiries from the market, Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd
STX Offshore & Shipbuilding Co. has signed a deal with the defense ministry of Peru to build five patrol ships for 75 billion won (US$71.3 million) reports Yonhap News. Citing the shipbuilders, Yonhap adds that STX will deliver the ships by the end of 2015, and that in March 2012
This past week in California, HGH Infrared Systems participated in the Offshore Platform Security Threat Awareness and Response (OPSTAR) program, developed and conducted by the Naval Postgraduate School’s Center for Asymmetric Warfare, and designed to explore the homeland security
The government is to make big changes to the way it subsidises renewable energy, with subsidies for windfarms set to rise at the expense of onshore options, reports BBC News. The BBC reports Government ministers as stating that they will cut support for onshore wind and solar energy
COSCO Corporation (Singapore) Limited's Zhoushan Shipyard subsidiary has won a contract from an Asian buyer to construct two 64,000 dwt bulk carriers. The two bulk carriers are scheduled for delivery in the fourth quarter of 2014. About COSCO
As Congress considers extending critical federal incentives for wind energy this month, leaders from the Virginia Offshore Wind Development Authority, the City of Norfolk, and the Virginia Ship Repair Association joined Environment Virginia to detail the economic and environmental benefits of
Singapore's Swissco Holdings say they have placed orders with China shipyards for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate of S$42 million
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, announced that it has suspended purchases under its previously announced program of at the
The company says it created history in marine and offshore operations when they lifted the 10,000-tonne topside of the first gravity base of the semi-submersible (and world’s largest offshore HVDC platform structure) 'DolWin Beta' to a height of 52.8 metres from the dock bottom.
ABS, a provider of classification services to the global offshore industry, is establishing an office in Houston's Energy Corridor near the intersection of Interstate 10 and Highway 6. The new facility will co-locate members from ABS engineering, project management
A feasibility study around a hybrid powertrain SWATH, commissioned this year by CTruk, has given the company further impetus in its ongoing development of a hybrid electric offshore wind support vessel design. The study was based on the CTruk CWhisper SWATH
Rolls-Royce has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the Satah Al- Razboot (SARB) offshore project in the United Arab Emirates (UAE).