TOPAZ MARINE

Topaz Signs Contract with Kuwait Oil Company

Renaissance subsidiary, Topaz Marine Engineering (“Topaz”), a UAE-based full service ship building, ship repair and engineering services company, confirms it has been commissioned by the Kuwait Oil Company (“KOC”) to design, build and deliver 10 Fast Steel Crew /Pilot Boats of 22m LOA (“Crew/Pilot Boats”), market estimates believe the contract value to be in the region of US$50 million. With a focus on high technology and latest design, the Crew/Pilot boat will be designed to accommodate 30 crew, with passengers all seated on the main deck and will be provided with first quality equipment. The new crew/pilot boats will be providing 24 hours crew transfer service to the vessels anchored in Kuwait waters and will be equipped with oil spill recovery capabilities and latest advanced navigation and communication systems.   The boat will be built at Topaz’s Nico Craft Shipyard in Abu Dhabi where the construction will start in the beginning of 2013 with the 10 units scheduled for delivery in Kuwait within 2014. Thomas Bower, Managing Director of Topaz Marine Engineering, commented: “This contract is another achievement for Topaz Group and confirms our leadership as fast crew/supply boats supply in MENA region. He further says: “International recognition, experience

Topaz Wins New Charters, Acquires Two AHTS

Topaz signs over $65 million of new charters and announces the acquisition of two AHTS. Renaissance subsidiary, Topaz Energy and Marine (“Topaz”), a UAE-based oil field services company, has been awarded two new long term charters, totalling over $65 million, in the GCC and the Caspian Sea, two of the company’s major operating areas. It also confirms the acquisition of Topaz Rayyan and Caspian Reliance, two Anchor Handling Tug Supply Vessel (AHTS).  

Topaz Confirms Delivery Wind-farm Vessels

Renaissance Services subsidiary, Topaz Engineering, a UAE-based full service ship building, ship repair and engineering services company announced it has completed the delivery of two wind farm support vessels (WFSV) to ASP Work Boats Ltd, part of the global ASP Ship Management Group.  David Borcoski, Group MD and CEO of ASP Ship Management Group said: “Topaz Engineering has done an excellent job in completing the construction of our wind farm support vessels and delivering them

Topaz, Two New Vessels

Dubai-based Topaz Energy and Marine's Azerbaijan subsidiary, BUE Caspian, has added two new vessels to its offshore vessel fleet at a cost of more than $60m. The two new craft are a platform supply vessel and an emergency response and rescue vessel. Topaz, with a fleet of over 70 vessels, plans to invest $100m in the next two years in new craft as its oil and gas business expands. source: AME Info.

Nico Intl. Acquires TEAM

Dubai-based Nico International, the ship repair division of Topaz Energy and Marine SOAG (TEAM), has acquired the Industrial and Marine Engineering Divisions of Fujairah Marine Services & Trading Co LLC (FMS). The acquisition is the first step in a strategic alliance which will link the two companies and which will seek Nico’s current Port of Fujairah capabilities quadruple in size. To date, Nico International has been operating out of Dubai with a diving base in the Port of Fujairah.

EU NAVFOR, Seychelles Coastguard Cooperation

In the evening of December 6, approximately 250 nautical miles North West of Victoria Seychelles a pirate attack group was neutralized by EU NAVFOR and the Seychellois Coast Guard. On December 5th an EU NAVFOR Maritime Patrol Aircraft, stationed at the Seychelles, located a suspected pirate attack group with one mother skiff and two attack skiffs. EU NAVFOR French warship FS Floreal was tasked to close the group and the Seychellois Coast Guard also responded to the request by sending their

Incat Crowther Designs Catamaran Crew Boat

Incat Crowther announced that the firm has been contracted to design an innovative 91.8 ft Wave Piercing Catamaran Crew Boat to support offshore oil and gas operations. Developed in conjunction with Topaz Shipbuilding for a large petroleum firm, the vessel features a new layout. As the original inventors of the Wave Piercing Catamaran, Incat Crowther proposed the platform in response to a challenging combination of operational requirements.

Growth in Middle East Shipbuilding, Repair

While the world is in the grip of an economic slowdown, the Arabian Gulf remains a dynamic growth centre for ship building and repair, said a maritime industry observer. “The region is one of the busiest commercial maritime hubs with the United Arab Emirates, Saudi Arabia, Oman and Qatar having major ports and shipyards with more being built,” said Christopher Hayman, Chairman of Seatrade, organisers of the region's premier event focused on workboats to be held in Abu Dhabi

Bibby Offshore Invests Millions

Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Offshore’s fleet of Diving Support Vessels (DSVs) to bring the service provision in-house, while 46 jobs have been created on and offshore within the division already this year

Tight Credit Squeezes Maritime Industry

“Liquidity has come back to some extent,” said Oliver Ebner, Senior Manager, Project and Structured Finance for the National Bank of Abu Dhabi. “However, shipping with its long tenors, falls right into the banks’ funding mismatch of mainly short term deposits versus long term loans.” Ebner is one of a panel of speakers lined up to address a special session on financing the industry in the global economic slowdown at Middle East Money & Ships