Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO which is part of the Quad204 development located west of Shetland in the North Sea. The CoAs are expected to commence in the first half of 2017 with the requirement for approximately two shuttle tankers. The Partnership expects to service these new CoAs with its existing CoA shuttle tanker fleet. “We are pleased to announce these new strategic shuttle tanker contracts, which further builds on the Partnership’s leading market position in the North Sea,” commented Peter Evensen, Teekay Offshore’s Chief Executive Officer. “These contracts further enhance our CoA contract portfolio and are expected to add future cash flow through higher shuttle tanker fleet utilization without the need for incremental capital expenditures. Looking ahead, the shuttle tanker market in the North Sea is expected to remain tight supported by a combination of more lifting points from new fields coming on-line and limited fleet growth with no uncommitted shuttle tanker newbuildings on order.”
US Department of Defense awards New Year contracts to BAE Systems & Science Applications International Corp. BAE Systems Norfolk Ship Repair, Norfolk, Va., was awarded a US$50,180,546 undefinitized contract action as a modification to a previously awarded cost-plus-incentive-fee contract (N00024-10-C-4308) for the USS Mitscher (DDG 57) fiscal year 2013 extended drydocking selected restricted availability
San Donato Milanese (Milan), 3 May 2011 – Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil China Ltd awarded Saipem the contract for the Liwan 3-1 Field – Deepwater EPCI
San Donato Milanese (Milan), 9 March 2011 – Saipem has been awarded new E&C Offshore contracts worth in excess of $2.2 billion. In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. The complete development of the two fields encompasses the engineering, procurement
Transas Marine Pacific and its local representative in Indonesia have been awarded new contracts from the Government Department of Sea Transportation to supply and install Vessel Traffic Management Systems for Samarinda and Banjarmasin ports. In addition, Transas will upgrade the current VTS system in the Semarang port with a fully redundant AIS Base Station T214. The new VTS systems will be based on Transas flexible and accurate Navi-Monitor solution developed for monitoring and
NYC Awards New Ferry Service Deal to Hornblower New York City Mayor Bill de Blasio announced that the Citywide Ferry Service is on track to launch in 2017, with the selection of Hornblower, Inc. as its operator. The new service, which will include up to 20 boats and connect 21 New York City eighborhoods for the price of a single subway ride ($2.75) is scheduled to be fully operational by 2018, and is estimated to carry 4.6 million trips per year across six routes.
Ocean Installer has been awarded a contract for SURF support work in Brazil for Saipem. The contract which will see the Normand Clipper in Brazil for 8 months is valued at circa USD 50 million, with options to extend. Ocean Installer will support Saipem with their installation of multiple Steel Catenary Lazy Wave Risers, Free Standing Hybrid Risers and Export Pipelines for the Iracema and Pre-Salt projects in the Santos Basin Pre-Salt Area for Petrobras
Subsea 7 Inc. (Oslo Stock Exchange: SUB) reported results for the first quarter of 2009. Quarter Highlights: • Good project execution and profitable in all regions. • Successful completion of a number of projects, including Chevron’s Tombua Landana development. • Awarded contract by Petrobras in Brazil valued at approximately USD 200 million in support of the Tambau Urugua and P-56 developments.
The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future
In recognition of his extraordinary contributions and visionary leadership, Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta received the Seamen’s Church Institute (SCI) 32nd annual Silver Bell Award Thursday, June 11. The award, bestowed to Mr. Alemán Zubieta at the SCI’s annual award dinner in New York City, acknowledges an individual’s outstanding commitment to merchant mariners and the issues facing the maritime industry.
DNV GL has awarded Vard Engineering Brevik AS with an Approval in Principle (AiP) for their new 6,500 m3 bunker vessel design. The design has been evaluated for compliance with the DNV GL Gas Bunker rules, the applicable Gas Carrier rules as well as the IGC Code's 2016 edition.
Hamburg Süd has been awarded gold, the highest-possible recognition level, for its evaluation completed in July 2016 by the supply chain sustainability network EcoVadis. The scorecard provided by independent sustainability expert EcoVadis indicates that Hamburg Süd
Newport Exhibition Group, owners and producers of the Newport International Boat Show,announced today the results of this year’s Edson Awards for Excellence in Portraying Company Image. Presented by Will Keene, chairman of Edson International
The Board of Commissioners of the Port of New Orleans has elected Mr. Michael W. Kearney chairman. Mr. Kearney represents Orleans Parish and joined the Board in December of 2012 when he was appointed by former Gov. Bobby Jindal. He succeeds Mr. William T
Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth. The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria
In August 2016, CEVA Logistics honored Hamburg Süd with the Ocean Supplier of the Year award for 2015. CEVA is one of the world’s leading non-asset-based supply chain management companies. Hamburg Süd was recognized for its strong global relationship with CEVA in
Transnet National Ports Authority (TNPA) is on track with its $100m tug building contract and celebrated the ceremonial launch of the fourth of its nine new tugs being built in Durban. The tug – named OSPREY in honor of the fish eagle – will serve at the Port of Saldanha
American Maritime Safety recognized Foss Maritime's efforts in building and maintaining a strong culture of safety by awarding the company the American Maritime Safety Award for the implementation and management of zero-tolerance drug and alcohol policy.
The Maritime and Port Authority of Singapore (MPA) has released a training programme, produced by Videotel, a KVH company, to encourage safe navigation in the Singapore Strait. Carrying an estimated one third of the world’s traded goods
Inmarsat will commemorate the untimely passing earlier this year of one of the architects of its Maritime Safety Operations network by sponsoring the first International Maritime Rescue Federation (IMRF) H.E.R.O. Award for outstanding service to maritime search and rescue
Ivory Coast has awarded a project to upgrade its second port of San Pedro to global shipping giant Mediterranean Shipping Company (MSC) and the Bilal Group, a government spokesman said on Wednesday. Speaking after a cabinet meeting in the commercial capital Abidjan
The Wind Propulsion Innovation Awards were created by the International Windship Association (IWSA) to honor the pioneers of technological innovation in wind propulsion striving to support the shipping industry to decarbonizes whilst maintaining commercial and operational performance
The Company: Nearly 85 years ago, Tidewater pioneered commercial transportation on the upper Columbia Snake River system and opened up one of the nation’s most isolated regions to global markets. Today, Tidewater Holdings is comprised of Tidewater Barge Lines, Tidewater Terminal Company
Vision of The Fjords, a futuristic carbon fiber tourist vessel operated by The Fjords DA, has won the Ship of the Year 2016 accolade at SMM in Hamburg. The 40-meter-long, 399-passenger-capacity hybrid craft, which was completed by Brødrene Aa this summer
BMT Group subsidiary BMT Designers & Planners Inc. said it has been awarded a Blanket Purchase Agreement (BPA) to provide Human Systems Integration (HSI) engineering and technical support for the U.S Coast Guard. With a BPA funding ceiling of $9