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Cecon ASA: Update on Davie Yard Situation

Cecon Davie packed in_plastic.jpg

The below press release was disclosed during Friday June 1st in Canada: “SNC-Lavalin has made the difficult decision to cease its efforts to participate in the Davie Joint Venture.  Following an extensive analysis, we concluded that this initiative did not pass the financial or business risk criteria required to proceed. SNC-Lavalin will collaborate with all stakeholders to facilitate the transition.” SNC-Lavalin was one of the Davie J.V. partners that was planned to take part in the completion of the Cecon vessels under construction at the Davie yard.   Cecon regrets the withdrawal, however alternative solutions are under negotiations and development for delivery of the vessels. During the process up until the withdrawal the yard was made ready for a start-up in mid-June.    Based on successful negotiations and development we expect possible delays to be minor.


Fred Cheng Completes Deal with Louis Dreyfus, DVB Nedship

Fred Cheng's new shipping company, Shinyo International, has purchased the 1998-built 43,000dwt bulk carrier Bara from Louis Dreyfus Armateurs SNC of France. The ship, which will be managed by Univan Ship Management of Hong Kong, is chartered back to CETRAGPA (Louis Dreyfus) for a period of four years. Mortgage finance for the acquisition was provided by DVB Nedship's Hong Kong office.


Fairmount Heavy Transport Awarded Amenam Contract

Rotterdam based Fairmount Heavy Transport NV has been awarded the contract by Saibos Akogep SNC to transport and install the AMP2 Topside for Total. The scope of the work for Fairmount Heavy Transport includes the engineering of the transport and installation project, the load out of the AMP2 Topside (about 11,000 tons ) on the barge Fairmount Fjell in the tidal port of Pasir Gudang, Malaysia, the transportation of this module from Malaysia to the float-over location offshore in


FHT Awarded Amenam Contract

Rotterdam based Fairmount Heavy Transport (FHT) NV has been awarded the contract by Saibos Akogep SNC to transport and install the AMP2 Topside for Total. Due to contractual requirements, Fairmount Heavy Transport is requested to keep commercial terms confidential. The scope of the work for Fairmount Heavy Transport includes the engineering of the transport and installation project, the load out of the AMP2 Topside (about 11


CP Ships Appoints Director of Environmental Services

CP Ships Limited has appointed environmental management specialist Dennis Fortune as its first Director of Environmental Services, based in Montreal. Mr Fortune is responsible for leading CP Ships' extensive environmental management program which involves all aspects of the company's operations including marine and terminal activities, hazardous cargo handling, occupational health and safety and compliance with local and international regulations.


Group Eyes Davie Yard

According to a report on CanadianBusiness.com, SNC-Lavalin formed a joint venture with prospective new buyers of Davie Yards in order to bid on federal shipbuilding contracts. Davie has been in creditor protection since February 2010, according to the site, and after negotiations with a potential buyer broke down this week, the company is pressed to quickly find a deal to avert bankruptcy. If no agreement is reached by July 21


Irving’s Bid to Build Navy Ships Unchanged

According to the Chronicle Herald, a deal to save Quebec’s Davie shipyard hasn’t changed Irving’s plans to bring a $2.1b navy shipbuilding project to Halifax. But one of the new owners of the Quebec City yard isn’t ruling out the possibility that the three 28,000-ton joint support ships will be built in Quebec. Navamar and its senior Norwegian partner, Teco Management Group, announced a deal Thursday to purchase Davie


Four Groups to Compete for Naval Contract

The Ottowa Business Journal has reported that four consortia have been selected to bid on a $2.9 billion contract to supply three new joint support ships to the Canadian Forces, the first in a week-long series of announcements by the Harper government of new equipment for Canada's sailors, soldiers and airmen. Irving Shipbuilding, BAE Systems (Project) Limited (BAE Systems Naval Ships), ThyssenKrupp Marine Systems AG and SNC-Lavalin Profac Inc will bid on the project definition


Canada Announces Shipbuilding Teams for Joint Support Ship Project

Michael M Fortier, Canadian Minister of Public Works and Government Services announced that two teams led by ThyssenKrupp Marine Systems Canada Inc. and SNC-Lavalin ProFac Inc. have been selected to receive contracts for the project definition phase of the Joint Support Ships project. The teams will each be awarded an identical contract of $12.5 million to complete proposals to design and build the ships, as well as to provide long-term in-service support.


Aker Solutions Boosts Canada Presence

International oil service group Aker Solutions strengthens its commitment to the Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS Offshore Partner.   "The buy-out will support Aker Solutions' growth plans in North America and be the foundation for further expansion in St. John's and Atlantic Canada.  This is a firm commitment from Aker Solutions to continue to invest in this region to offer the best possible support to our


Seafuture Sponsored by Italian Trade Commission

The Italian Trade Commission and the Liguria Region are sponsoring an event in La Spezia to facilitate and create collaborations and partnerships between universities, companies, research centers, and other stakeholders in the maritime field.


Drydocks World Delivers 5 Vessels

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Drydocks World – Southeast Asia Pte. Limited (DDW-SEA), the Southeast Asian subsidiary of Drydocks World, announced the deliveries of vessels Endeavor, Greatship Ahalya, Mermaid Vision and Ark Dartmoor from their Drydocks World – Nanindah yard and Armada Tuah 104 from their Drydocks


Kvaerner Appoints Allen Executive VP

Kvaerner appointed Tony Allen as Executive Vice President for its International business area.  Allen has more than 30 years of industry experience and has been part of the corporate management with several of the leading EPC contractors for the oil and gas industry, including SNC-Lavalin Inc


STX to Design Canadian Icebreaker

Conceptual depiction of new icebreaker.

STX Canada Marine Awarded Contract to Design the Canadian Coast Guard’s New Polar Icebreaker.   STX Canada Marine is pleased to announce that they have been awarded the contract to design the new polar icebreaker for the Canadian Coast Guard


Moular Barge Mounted Coal to Liquids Facility

Waller Marine, Inc. of Houston has been selected as part of the Project Team for the initial Feasibility Study of the $5b Geismer, La., Clean Coal to Liquid Fuels Project, recently announced by the Governor of Louisiana, Kathleen Blanco and the Leaders of Shanyang Borough of Shanghai City, China


Cheng Completes Deal with Louis Dreyfus, DVB Nedship

Fred Cheng’s new shipping company, Shinyo International, has purchased the 1998-built 43,000dwt bulk carrier Bara from Louis Dreyfus Armateurs SNC of France. The ship is chartered back to CETRAGPA (Louis Dreyfus) for a period of four years.


Wait for Work at Marystown Shipyard Could Soon Be Over

The industry and political leaders in the area will say the community’s shipbuilding future is built on more than just the federal government’s plan to construct new Joint Supply Ships (JSS) for the Canadian Navy, according to theWesternStar.com.






 
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