Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with Superior Offshore International, Inc, a subsea construction and commercial diving services company, to acquire the Superior Achiever, a T-22 class DP-3 new generation multi-purpose support vessel and related owner-furnished equipment, currently under construction at Merwede Shipyard in Holland with an anticipated fourth quarter 2008 delivery. Merwede Shipyard is also building for Hornbeck the HOS Iron Horse, a T-22 class DP-3 MPSV of the same design, with an expected fourth quarter 2009 delivery. With the pending acquisition of the Superior Achiever, the Company's MPSV program now consists of four vessels. The closing with Superior is subject to customary conditions, including third party consents, and is expected to occur on or before January 21, 2008. Hornbeck has also agreed to a five-year time charter with Superior for the Superior Achiever or another acceptable vessel at a dayrate commensurate with the Company's target investment parameters. Superior will have the option to terminate the charter with 90-days' advance notice at the end of each sequential six-month period within the term. The definitive agreement also provides that Hornbeck and Superior will agree to negotiate in good faith toward the establishment of a non-exclusive joint marketing and cooperation agreement and that the parties will endeavor to seek mutually beneficial business
Accommodations specialist, HB Rentals, a Superior Energy Services company, has named Clayton George Technical Division Manager, announced President Deidre Toups. In this role, George will manage project teams for the design of modular offshore living quarters and will be based in the company’s Broussard, La., office. George has extensive industry experience in project management and previously served in this capacity for DPS Delta; Berard
Superior Energy Services Inc. (NYSE: SPN) announces it has opened a new location in Singapore to serve as a base of operations for Superior Energy Services’ Marine Division, HB Rentals and Premier Oilfield Rentals and to be a resource for any Superior employee traveling through the region. This development is in line with Superior’s commitment to the development of international markets.
Frost & Sullivan has named Vacon 10, Vacon's new micro drive, the 2008 Product of the Year for OEMs (original equipment manufacturers) in the micro drives domain. The Frost & Sullivan Award for Product of the Year is presented each year to the product that has demonstrated superior performance, features and is competitively priced. The 2008 Frost & Sullivan Award for Product of the Year for OEMs in the micro drives (up to 5
Fluid-handling specialist Hamworthy has signed a contract with marine equipment purchaser Hua Hai Engineering & Equipment Co., Ltd to deliver pump room systems for installation on four very large crude carriers (VLCCs) to be constructed in China. The ships, which will be built for CSC Nanjing Tanker Co., Ltd (NJTC) at Guangzhou Longxue Shipbuilding Co., Ltd, follow on from 10 previous VLCCs contracted by the same owner at Jiangnan Shipyard and Bohai Shipyard
Caterpillar Oil & Gas will unveil the new Cat CG137-8 natural gas generator set at the Bismarck Civic Center in Bismarck, North Dakota during the 2014 Williston Basin Petroleum Conference now in progress from May 20 – 22nd. The new Cat CG137-8 generator set provides 282 ekW (352 kVA), 60 Hz @ 1800 rpm of rated power, offering customers an additional power node to complement existing Cat power solutions in land production applications
Port of Duluth-Superior citizens once again greeted German cruise vessel Columbus as the vessel made its fourth call on the port. The vessel spent a full day in the community of boat lovers, even though federal regulations prohibit public tours. Columbus' trips here are a result of continuing efforts by port and City officials to revive major cruise ship operations on the Great Lakes and bring them to Duluth-Superior.
Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services
Superior Offshore International, Inc. a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, has named Patrice Chemin as its Chief Operating Officer, or COO, effective immediately. With over 35 years of oilfield-related and international marine construction experience, Chemin is a tremendous addition to Superior Offshore International’s executive management team.
Offshore accommodation specialist HB Rentals, a Superior Energy Services company, has secured another new deal to supply a high-specification engineering cabin to Expro Group in Malaysia. HB Rentals’ regional hub in Singapore, which is undertaking a major fleet development program, delivered the 20 x 8 ft. engineering cabin to the Expro Group to provide a safe environment for technicians working on the Harvey H. Ward jack-up drilling rig.
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.6 million tons in May, an increase of 53 percent compared to ice-impacted April, and 4 percent better than a year ago and the month’s 5-year average, according to the Lake Carriers’ Association (LCA)
A new efficient train service commenced its first journey from Krishnapatnam Port to ICD WFD on 19th June 2015, thereby marking a new milestone on the service offerings by the port. The first rake was a full load of import laden containers belonging to the business houses in and around
Vard Holdings Limited (VARD) has announced that through its subsidiary Seaonics, it has acquired ICD Software, a leading provider of automation and control system software for the offshore and marine sectors. Established in 2011 and 51% controlled by VARD, Seaonics delivers winches
Thailand plans to buy three Chinese-made submarines for the Royal Thai Navy at a cost of 355 million dollars each. Three Chinese-made submarines worth 355 million dollars each may be purchased by Thailand for its Royal Navy, the newspaper Bangkok Post reported today (Friday)
New website and brochure provide a comprehensive list of Japanese suppliers to the offshore industry The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units
Cortland’s BOB rope helps reduce operating costs and improve installation time Cortland announce the recent award of a patented BOB 12x12 Fiber Rope by Rolls Royce for use on its next Fiber Rope Deployment System (FRDS), which is based on their patented Cable Traction Control Unit
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 4.3 million tons in April, nearly 15 percent below the month’s long-term average, the Lake Carriers’ Association (LCA) reported. The heavy ice blanketing the Lakes not only slowed the vessels that were in
Port of Savannah container volumes jumped 25.8 percent in April, with a total volume of 335,337 twenty-foot equivalent container units, or an additional 69,000 units. The Georgia Ports Authority also saw strong growth in roll-on/roll-off traffic, moving 77,574 units through Brunswick and Savannah
U.S.-flag Great Lakes freighters (lakers) moved 6.7 million tons of dry-bulk cargo on the Great Lakes in April, a decrease of nearly 6 percent when compared to the month’s 5-year average. Another brutal winter again spawned heavy ice formations Lakeswide that slowed the vessels that
Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered
Sperre says it has a superior solution for equipment coolers onboard ships. Late last year it teamed with W&O to distribute its Sperre Pleat Coolers in the U.S. MR spoke to from Sperre’s Gard Sem (pictured) for insights.
Lifting Gear Hire’s (LGH) Kansas City, Mo. warehouse has relocated to a new facility within the city. The new warehouse will help LGH provide faster equipment rental turn-around times for customers in and around the Kansas City area, the company said
Aqueos Corporation, a subsea services provider for the offshore oil and gas sectors of the Gulf of Mexico and the Pacific West Coast, announced the delivery of SPLASH, a Special Purpose Liveboat and Survey Hull to specifically address safety concerns with traditional methods of Liveboating.
The board of directors of Caterpillar Inc. voted to increase the quarterly cash dividend by 10 percent to $0.77 per share of common stock, payable August 20, 2015, to stockholders of record at the close of business on July 20, 2015.
Swiss battery manufacturer Leclanché was selected as a battery system supplier to the world’s largest battery operated ferryboat to be built by Danish shipbuilder Søby Shipyard Ltd. The ferry will enter service in June 2017 to transportation of vehicles and passengers between