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
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.
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.
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
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
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
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 Midwest Energy Terminal (SMET) in Superior, Wis., loaded 2,548,173 net tons of coal in July, a new record for the most coal to be shipped by a single dock in one month in the entire history of Great Lakes shipping. The previous peak was 2,468,619 net tons loaded at the Chesapeake & Ohio dock in Toledo in October 1946. Before that, the record was held by Sandusky - 2,200,737 net tons in October 1944. For the season, coal loadings at SMET stand at 8,208,187 net tons
Shipments of coal on the Great Lakes totaled 24.6 million tons in 2013, a decrease of 2.8 percent compared to 2012. Some of the decrease can be attributed to the early onset of winter in December, which lead to a 17-percent decrease in loadings on Lake Superior. Individual cargos were further reduced toward the end of the month when vessels voluntarily lightened their drafts to ease transits through an ice-clogged stretch of the St
Ice, reportedly more than 4 feet thick in places, effectively stalled the resumption of the coal trade on the Great Lakes in March, the Lake Carriers’ Association said. Only three coal cargos were loaded: one on Lake Superior, one on Lake Michigan and one on Lake Erie
Rolls-Royce is to deliver deck machinery and engines to an arctic Anchor Handling Tug Supply vessel (AHTS) to be built by Vard for Bourbon Offshore Norway. The contract has a value in excess of £17 million for Rolls-Royce. The deck machinery delivery from Rolls-Royce will consist of
Ice formations, the likes of which have not been seen in decades, severely limited cargo movement in U.S.-flag vessels on the Great Lakes in March. Shipments of iron ore, coal and cement in “lakers” totaled 980,000 tons, a decrease of 55 percent compared to a year ago
The innovative, multipurpose, conventional propeller built, 20.4m in length overall, equipped with various machinery and systems that have never designed or build before, Line Handling Tug returns to UZMAR’s Izmit Shipyard Port on April 5, 2014, after the first stage of sea trials
MacGregor, part of Cargotec, has secured deck equipment contract for a series of eight 58,500 dwt bulk carriers under construction at New Times Shipbuilding in China. The vessels are being built for Lemissoler Navigation (Front Marine), based in Cyprus
Coast Guard Petty Officer 1st Class Travis Connick received the award in a ceremony at Sector Corpus Christi, honoring him for his interception of a Mexican boat crew involved in the fatal wounding of a colleague in the service. Background to the incident
Houston-based supplier Mystik informs that its lubricants will now be available in a wider range of 4-cycle FC-W marine engine oil viscosity grades, including full synthetics 10W-30 and 10W-40 as well as the new synthetic blends 25W-40 and 25W-50.
Independent full service investment bank & institutional broker dealer, MLV & Co inform that Natasha Boyden has joined the firm to captain the launch of a new research vertical focused on Marine Transportation and Shipping. She will work out of the New York office.
KVH Industries, Inc. informs it is introducing the TracVision TV-series, a powerful family of fully stabilized marine satellite television antenna systems designed to provide superior performance, including HDTV, for worldwide satellite TV entertainment at sea.
On February 21, 2014, Uzmar Shipyard, also known as “Workboat and Tug Factory” of Turkey, held a launching ceremony for the KOC MUSANED-2, the second of total 6 line handling tugs being built for Kuwait Oil Company’s tug fleet
The Simsea AS maritime training center in Haugesund, Norway, has chosen Kongsberg Maritime to support the extension of its offshore simulation facilities with new simulators and significant upgrades to existing simulators. Kongsberg Maritime has also recently delivered a new rig simulator model
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk carrier M.V. Clipper Excelsior (MES Hull No. 1859) at its Tamano Works on March 25, 2014 to Clio Marine Inc., Liberia. This is the third ship of MES’ wide beam shallow draft vessel called
The Australian Maritime Safety Authority (AMSA) made an announcement inviting input from potential service providers into the research phase of its Search and Rescue (SAR) Equipment Support Services Tender. AMSA outsources all SAR logistics
The U.S. Coast Guard and Canadian Coast Guard icebreakers are continuing to create pathways for commercial shippers throughout the Great Lakes region including the St. Lawrence Seaway, which connects the Great Lakes to the Atlantic Ocean.
Karberg & Schmitz GmbH of Hamburg, Germany, have been appointed as Ecospeed agents for the German territory, representing Subsea Industries and Hydrex in the sale and delivery of Ecospeed, Ecoshield and related products including service, maintenance and warranty work.