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
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.
Aiming to Meet the IMO's Tier III NOx Emission Controls Nippon Yusen Kabushiki Kaisha, Oshima Shipbuilding Co. Ltd., Mitsubishi Heavy Industries Ltd., Akasaka Diesels Limited, and Sakai Chemical Industry Co., Ltd are to begin shipboard tests of selective catalytic reduction (SCR) nitrogen oxide (NOx) removal equipment installed on NYK Line's new bulk coal carrier Initial Salute, which was built by Oshima Shipbuilding.
Kalmar signed an agreement with Gulftainer Lebanon SAL to supply six Kalmar T2 terminal tractors and one Kalmar DCF80-45E7 empty container handler. The order was booked in Cargotec's 2016 third quarter order intake and the first delivery will take place in October 2016
As the oil and gas industry strives for cost effective execution in projects and operations while maintaining a high focus on safety and environmental footprint, innovative and smart solutions are needed more than ever. By extracting data and knowledge from all the detailed
The latest country included in the Maersk Line organization is part of the UAE cluster comprising of UAE, Oman, Qatar and Iran. Christian Juul-Nyholm, Managing Director, UAE Cluster, is upbeat about this development. He says
Lake Assault Boats, manufacturer of purpose-built and mission-specific fire and rescue boats, recently assisted the Superior, Wis. Fire Department in its response to a fire on an ore boat at Fraser Shipyards. At the time, a team from Lake Assault was in the final stages of testing the 28-foot
The Company: DA WEST is a USA Woman Owned Small Business, manufacturing diesel powered equipment to a diverse client base. All products are listed on the GSA ADVANTAGE schedule. The firm provides products to the military, NOAA, Tug and Barge Companies and oil-spill response organizations
RSC Bio Solutions’ FUTERRA is an environmentally acceptable lubricant (EAL) made from a renewable base oil derived from plant matter. FUTERRA was developed to address industry demand for enhanced sustainability combined with superior performance in critical areas such as
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. "SBI POSEIDON" (MES Hull No. 1911) at its Chiba Works on 13th September, 2016 to SBI Poseidon Shipping Company Limited, Marshall Islands.
Alphatron Marine has signed a premium member contract with Chemgas Shipping covering eight gas carriers. The Gas Carriers are fitted mainly with bridge equipment which Alphatron Marine has many years of experience of installing and also supporting these and other high tech navigation and
Great Lakes-St. Lawrence Seaway shipping rebounded in August due to a surge in U.S. grain exports, iron ore shipment improvements and a steady flow of raw materials for manufacturing and construction. “We’ve seen a real rally in August. St
MacGregor, part of Cargotec, has won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel
Wärtsilä has been awarded the contract to supply a broad range of integrated automation, navigation and dynamic positioning equipment, as well as the complete uninterruptable power systems (UPS) for four new cruise ships. Two of the vessels are being built at the Meyer Werft shipyard in
The Minister for Defence, Senator the Hon Marise Payne and the Minister for Defence Industry, The Hon Christopher Pyne MP today announced that Lockheed Martin Australia has been selected as the preferred Combat System Integrator for Australia's Future Submarine Program
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design
MR spent time with Graham Couser, VP of Sales and Marketing, Grand Bahama Shipyard Ltd. (GBSL), for updates and insights on how this yard is faring in the current market and investing for the future. As the largest ship repair yard in the Caribbean, Grand Bahama Shipyard Limited
Palfinger Marine signed a contract with Turkish shipyard Cemre to supply a deck equipment package to a Havyard 832 MPV vessel being built for Esvagt. The package from Palfinger consists of cranes, winches and offshore equipment. The MPV will measure 81.9 x 17.16 m, with a deck area of 620 sq