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OFFSHORE SHIPBUILDING

Korea's STX Offshore Wins Patrol Ship Order

STX Offshore wins US$ 132-million order for 3 patrol ships for the Korea Coast Guard. Under the deal with the Korea Coast Guard (KCG), STX Offshore will deliver the vessels by the end of 2015, the company told Korea Times.

 The vessels, equipped with a Vulcan cannon, can cruise at an average speed of 30 knots. STX Offshore & Shipbuilding Co., the nation's fourth-largest shipbuilder, also delivered similar patrol ships to the KCG in 2010 and 2011.


STX Offshore Wins $388M Order for 8 Tankers

Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc. The South Korean shipbuilder said in a statement the contract includes an option for four more tankers, which would take the total order amount to about 620 billion won. The contract for the initial eight tankers is expected to be completed by June 2016. ($1=1,067.5000 Korean won)


BP Shipping Charters Extended

Capital Product Partners L.P. (Nasdaq: CPLP) announced the extension of the charters of both the M/T Agamemnon II and the M/T Ayrton II to BP Shipping.  The M/T Agamemnon II (2008 STX Offshore & Shipbuilding Co., 51,238 dwt) was fixed to BP  Shipping at a daily charter rate of $14,000 net for 12 months (+/- 1 month) and the charter is subject  to a profit sharing arrangement which allows each party to share, at a 50/50 percentage


Russian LNG Carrier Launched

LNG carrier Velikiy Novgorod: Photo credit SCF

Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels ordered by SCF from STX Offshore & Shipbuilding Co. Ltd and her construction is scheduled to be completed in December, 2013


Kongsberg Wins Drilling Rig Contracts in China and Korea

CIMC Yantai Raffles in China and STX Offshore & Shipbuilding in Korea have selected extensive Dynamic Positioning (DP), Automation, new generation Safety System, Integrated Navigation, Hydroacoustic positioning and latest riser management solutions from Kongsberg. The contracts are for two new Frigstad D90 Design drilling rigs and one Bassoe Technology BT-UDS Design drillship. The total value of the contracts is in excess of MNOK 150


Jaya Delivers with Pride

Jaya Pride

Jaya Holdings Limited, operators of a Singapore offshore shipbuilding yard, has delivered a new state-of-the-art multi-purpose offshore support vessel Jaya Pride. “Jaya Pride is one of the most sophisticated vessels produced by Jaya’s Batam shipyard,” said Chief Executive Officer Venkatraman Sheshashayee, “a highly versatile DP2 workboat for offshore platform maintenance, one we have already fixed on a time charter with a key customer.”


Week's Ocean-Going Shipbuilding Orders Sparse

Bow shot: File photo

Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin, as follows: Dry bulk carriers COSCO Zhoushan have announced a contract for two 64,000 dwt Ultramax with deliveries in the fourth quarter of 2016 and the first quarter of 2017 respectively. It is understood that these are the options declared by clients of Hong Kong owner KC Maritime who had


Gaoh Offshore, STX to Develop Wind Farm Vessel

Gaoh Offshore’s Deepwater Installer. Image courtesy Gaoh Offshore

UK Wind Energy Services company, Gaoh Offshore announced the signing of a Letter of Intent covering the design development and construction of their multi-purpose wind farm development vessel, the Deepwater Installer. Gaoh Offshore and STX Offshore & Shipbuilding Co., Ltd. (STX O&S) signed the Letter of Intent [LOI] at the end of 2010 and board approval was given last month. The LOI is for construction at the STX Dalian Shipbuilding Complex in China after a period of joint further


Maxim Evaporators signs Distributor Agreement with Green Marine

Company officials announced that Maxim Evaporators has signed a distributor agreement with Green Marine & Industrial Equipment Co. for the U.S. Gulf Coast market.   Green Marine was founded in 1961 and today is a well diversified sales and service organization. Green Marine serves clients in Marine, Offshore & Shipbuilding Industries. Green Marine is strategically located in the center of the Gulf of Mexico region with offices in New Orleans and Houston


MAN Dual-fuel Engines for Russian LNG Carriers

LNG Carrier for Sovcomflot: Image courtesy of STX Korea

MAN dual-fuel engines chosen by Russian shipowner Sovcomflot for LNG carrier newbuiildings Largest Russian shipowner, Sovcomflot, recently selected the dual-fuel MAN 51/60DF engine for an LNG carrier newbuilding programme comprising of two confirmed vessels with an option for two more vessels. The dual-fuel diesel electric propulsion system and the MAN 51/60DF engine have been selected to provide the vessel with a high efficient and low emission propulsion system


China Rongsheng to Sell Shipbuilding Business

Pic by China Rongsheng Heavy Industries (RSHI)

 China Rongsheng Heavy Industries (RSHI) has entered into a memorandum of understanding (MoU) with an undisclosed third party Chinese investor to sell its onshore shipbuilding and offshore engineering business.   Both parties will further negotiate details of the deal


Southeast Asian Shipbuilders Turn Bullish

Picture by Korea Offshore & Shipbuilding Association (KOSHIPA)

  Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015.    According to a report by Robert Willmington of IHS Maritime


Steel Cutting Ceremony for Otto Offshore Newbuild

Colourful ceremony to celebrate the start-up of the shipbuilding project for Otto Offshore.

  On Friday 6 February 2015, Wuchang Shipbuilding Industry Co., Ltd., China, held a steel cutting ceremony for the first of four platform supply vessels of ULSTEIN’s PX121 design being built for Otto Offshore Limited. The shipbuilding contracts at Wuchang were announced in August


Wärtsilä DF Engines for Shell's Bunker Vessel

The specialized LNG Bunker vessel to be built at the STX Offshore & Shipbuilding Company yard in South Korea on behalf of Shell will be powered by Wärtsilä DF dual-fuel engines. (Pic by Wartsila)

  A specialized LNG Bunker vessel to be built at the STX Offshore & Shipbuilding Company yard in South Korea on behalf of Shell will be powered by Wärtsilä DF dual-fuel engines. The ship will be used to deliver gas to LNG (Liquefied Natural Gas) fuelled vessels in Northwest


Nigerian Navy Acquires Warship from China

 Nigerian Navy Ship OKPABANA. Picture by Nigerian Navy

 The Nigerian Navy (NN) fleet has received a boost with the arrival of the newly acquired warship, Nigerian Navy Ship (NNS) Centenary F91, stealth Offshore Patrol Vessel (OPV).  The first of two P-18N Offshore Patrol Vessels (OPV) ordered by Nigeria was delivered in November 2014 at the


OMSA Opposes McCain Amendment

Ben Billings (Photo: OMSA)

The Offshore Marine Service Association (OMSA) issued a statement regarding Senator John McCain’s proposal allowing foreign-built vessels to take over marine transportation in the United States, stating the amendment would gut U.S. shipbuilding while outsourcing jobs and security.  


Russia Sets Clear Agenda for Competitive Opportunity

  Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030


Shipbuilding: Korea Looks to Power Ahead in 2015

Daewoo Shipbuilding & Marine Engineering

Can pain in the China's ship building industry the gain for South Korea? Will 2015 save Korea's major shipbuilders which had a pretty tough time in 2014? Korea's major shipbuilders had a pretty tough time in 2014. Out of the country's three major players


Sovcomflot Names New LNG Carrier

SCF Melampus (Photo: Sovcomflot)

Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell.   On December 16, a naming ceremony was held for the LNG carrier SCF Melampus


They Said It ... Paul N. Jaenichen, U.S. Maritime Administrator

Paul N. Jaenichen, Maritime Administrator

“In a large part driven by our country’s energy boom, the domestic shipbuilding industry is seeing robust activity, the most over three decades."   "Billions of dollars are being invested to meet the demands of oil production, and nearly 30 large, self-propelled


Seaspan's Vancouver Shipyard’s Modernization Complete

Vancouver Shipyard

  Today, Seaspan’s Vancouver Shipyards officially celebrated the completion of its two-year, $170M Shipyard Modernization Project ahead of schedule and under-budget. Funded entirely by Seaspan, this project has transformed Vancouver Shipyards into the most modern facility in North


MN 100: Sneed Shipbuilding, Inc.

Sneed IMG_1777 EH.jpg

17112 Market Street Channelview, TX 77530 E-mail: cesneed@sneedshipbuilding.com Website: sneedshipbuilding.com Owner: Clyde Sneed Owner: Mitch Jones Number of employees: 180 The Company: Sneed operates out of its main facility, nearly 40 acres in Channelview, Texas


Upcoming Expo 'Offshore Marintec Russia'

Marintec logo

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


Spotlight on German Shipbuilding

11403.1 WEB.jpg

German Shipbuilding: Growing order income with new advanced product solutions The German shipbuilding industry has a world market share of around one percent. This is certainly in another league compared to China, South Korea and Japan, which divide the global shipbuilding pie of containerships


Eastern Holds another Double Event for Hornbeck Offshore

HOS Brass Ring (Photo courtesy of Eastern Shipbuilding Group)

Eastern Shipbuilding Group, Inc. announced another “double event” in Panama City, Florida. On Friday, August 8, 2014, the christening and subsequent launching of the HOS Brass Ring (Hull 209), was followed with the same day delivery of the HOS Black Rock (Hull 207) for Hornbeck






 
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