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Announces Completion

Govan Yard Under The Gun

BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing completion of the $3.6 million rescue acquisition of Govan from Norway's Kvaerner agreed in July. BAE has agreed a 20 year lease of the land and buildings in a joint deal with port services group Clydeport Plc, which will own the site.


STELLA B1 Well Flow Test Completed

04 Stella North Drill Centre Manifold Installation Operations (149)

  Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.  The well was drilled to a total measured depth subsea of 16,185 feet, with a 2,147 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir


Genco Shipping to Acquire Six Drybulk Vessels

Genco Shipping & Trading Limited announced that it has agreed to acquire six drybulk vessels with an average age of approximately 2 years from affiliates of Evalend Shipping Co. S.A. for an aggregate purchase price of approximately $336m. The acquisition is subject to the completion of customary additional documentation and closing conditions. Genco plans to finance the acquisition through borrowings under its $1.4b revolving credit facility.


Canyon’s Quest ROV Awarded Drill Support Contracts

Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion


Hercules Offshore Announces Rig Contracts

Hercules Offshore, Inc. said that Oil and Natural Gas Corporation Limited (ONGC) has awarded three-year contracts for the Hercules 258 and Hercules 260 jackup rigs for drilling operations offshore India. The contract for the Hercules 258 is expected to commence in mid-second quarter 2008 following the completion of an existing contract commitment offshore India. The contract for the Hercules 260 is expected to commence in late first quarter 2008 following the completion of shipyard work on the


Entertainment Cruises Plans Cruise Boat Renovation

Spirit of New Jersey Schedules $1.5 Million Renovation for Completion in Spring 2012.   Entertainment Cruises, the largest harbor cruise company in the United States, today announced that plans are underway for a $1.5 million renovation of the Spirit of New Jersey, scheduled for completion in time for the spring/summer season. It will feature quality improvement initiatives aimed at modernizing the vessel and providing a fresh and trendy dining and entertainment experience.  


NGSS Completes Acceptance Trials on USS Ronald Reagan

Northrop Grumman Corporation announced that the nation's newest and most advanced nuclear-powered aircraft carrier, Ronald Reagan (CVN 76), has successfully completed acceptance sea trials. The Reagan is the ninth Nimitz-class carrier built by Northrop Grumman's Newport News sector. The acceptance trials are conducted with representatives of the U.S. Navy Board of Inspection and Survey for testing and evaluation of the ship's systems and performance.


Aries Maritime Provides Update on the Bora

Aries Maritime Transport Limited announced that it expects to complete repairs to the Bora, a 2000-built double-hull products tanker, before the end of the second week of October 2006 at a total cost of approximately $1.3 million. Following the completion of repairs, Aries plans to initially employ the vessel in the spot market prior to securing a period charter. The Company's previous time charter arrangement with FR8


Golar LNG Sells Newbuild

Golar LNG announced an agreement to sell its existing interest in new building DSME hull number 2244 to Maran Gas for $92.5m, this represents an implicit vessel price of $201 million. Golar estimates that its book cost of investment in this vessel at completion of the sale will be approximately $51.5 million and this transaction therefore represents a significant return on investment for shareholders.


Contract to Drill Well in GOM

Atwood Oceanics, Inc., (NYSE:ATW) a Houston-based international drilling contractor, announced that the Richmond has been awarded a contract by Applied Drilling Technology, Inc. to drill one well in the U.S. Gulf of Mexico at a dayrate of $52,500. This well (estimated to take 40 days to complete) will be drilled immediately following the completion of the rig's current contract which is expected to terminate in late April 2009 or early May 2009.


Sacramento & Stockton Ship Channel Dredge Contract for Ross Sand & Gravel

Contract: File image

The US Department of Defense inform that Ross Sand and Gravel, Portland, Oregon, has been awarded a US$24,000,000 firm-fixed-price contract for maintenance dredging on the Sacramento and Stockton Deep Water Ship Channels, California. DoD explains that estimated completion date for the work is


Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. has  announced  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million. The 2005-built vessel is expected to deliver in the fourth quarter of 2014


TITAN Salvage Receives NAMEPA Award

The North American Marine Environment Protection Association (NAMEPA) announced earlier this month that Houston-based TITAN Salvage, a subsidiary of Crowley Maritime Corp., is the recipient of its 2014 Corporate Marine Environment Protection Award


Significant Progress on Perth Wave Energy Project

Flood ballast tanks

  Wave energy developer Carnegie Wave Energy Limited has provided an update on the recent progress of the Perth Wave Energy Project. Carnegie has made significant progress on the assembly and testing stage of the Perth Wave Energy Project in advance of the project’s final


Russia's Shipping Major Reports Strong 1H 2014

Tankship: Photo SCF

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial and operating results for the six months ended 30 June 2014.   Highlights:


ClassNK Head Attends KOTC Delivery Ceremony

Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah, Chief Executive Officer of KOTC (left), with Noboru Ueda, Chairman and President of ClassNK

Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwait Oil Tanker Co. S.A.K. (KOTC) in Geoje, Korea on August 25, 2014.


Vancouver Shipyards Begins Building New Cable Ferry

(left to right) Vancouver Shipyard’s Chester Saret - Burning Area Chargehand, Brian Carter – President, Seaspan Shipyards, and Mike Corrigan – President & CEO, BC Ferries, oversee the first cut of steel on the new BCFS Cable Ferry.

Seaspan’s Vancouver Shipyards (VSY) announced today it has officially started construction on a new Cable Ferry for BC Ferries. The 78.5 meter ferry, slated for delivery in Spring 2015, will accommodate up to 50 vehicles and 150 passengers


DoD Awards Military Ocean Terminal Contract Modification

Container stack: File photo

US Deptartment of Defense informs that Marine Terminals Corporation-East, Savannah, Georgia, was awarded an estimated $6,561,822 modification (P00013), extending the period of performance on previously awarded contract W81GYE-10-D-0002 for stevedoring and related terminal services.


Nordex Wins Turkish Turbine Contract

Turbine

  Nordex has received a further contract from the Turkish customer Erdem Holding. The manufacturer will deliver of 20 N117/2400 turbines for the “Bagarasi” wind farm. The order also includes a premium-service contract for a minimum period of five years.  


Weeks Marine Awarded DoD Mississippi Dredge Contract

US Department of Defense inform that Weeks Marine, Inc., Covington, Louisiana, was awarded an $18,700,000 firm-fixed-price contract with options for Mississippi River hopper dredge disposal from Baton Rouge to the Gulf of Mexico. DoD explains that work will be performed in Baton Rouge


Sea Trucks Signs $130m Facility for Offshore Newbuild

Jascon 18 at Kwong-Soon shipyard

Sea Trucks Group Limited, an international oil and gas marine contractor with a track record in the key oil and gas producing regions, particularly West Africa, announced a $130 million facility to finance the completion of Jascon 18 has been signed.


Mnazi Bay Gas Deal Signed

Mnazi Bay and Msimbati fields in Southern Tanzania

  Maurel & Prom announced that, along with Mnazi Bay license partners Wentworth and Tanzania Petroleum Development Corporation (TPDC), it has signed a gas sales and purchase agreement with TPDC for the long-term sale of natural gas from the Mnazi Bay and Msimbati fields in southern


Simmons Assumes Command of USS James E. Williams

USS James E. Williams (DDG 95)

  Capt. Anthony L. Simmons relieved Cmdr. Curtis B. Calloway as commanding officer of the guided-missile destroyer USS James E. Williams (DDG 95) at sea on Sept. 16. Simmons arrives from the staff of Commander, Destroyer Squadron (DESRON) 2 and will remain in command pending the


Statoil: COSL Pioneer Temporarily Suspended

COSL Pioneer (Statoil image)

Due to overcapacity in their rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September.


MARAD to Mark the Return of MV Cape Ray

MV Cape Ray (U.S. Navy photo by William Clark)

Maritime (MARAD) Administrator Paul N. Jaenichen will host a ceremony on Friday, September 19, 2014 in Portsmouth, Va. to honor the civilian crew who helped to destroy Syria’s chemical weapons at sea aboard the MV Cape Ray. The MV Cape Ray, crewed by all-volunteer U.S






 
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