Vision Technologies Systems, Inc.'s (VTS) subsidiary, VT Halter Marine, Inc. has secured a contract to build an Offshore Supply Vessel (OSV) for an undisclosed interest. The contract includes options for six additional vessels. This announcement comes within days of VTS concluding the purchase of Halter Marine’s assets. John Coburn, Chairman and CEO, VTS stated, “Commercial contracts such as this one are an important part of VT Halter Marine’s business plan. A contract of this type is indicative of the continued confidence in and a bright future for VT Halter Marine and its employees. We are very pleased with the timing of this opportunity - building offshore vessels for a prominent U.S. owner and operator of OSVs. It is certainly a positive beginning for VT Halter Marine, the local community and the State of Mississippi.” Offshore Supply Vessels (OSV) carry goods, supplies, individuals (in addition to the crew) or equipment used to support exploration and offshore production of mineral or energy sources. This state of the art OSV will be ABS classed and U.S. flagged for international service. Pricing and vessel specifications are considered to be competition-sensitive information and, are therefore not being disclosed. The contract became effective on Nov 8, 2002, and the first vessel is expected to be delivered in approximately 13 months' time. “As the Company grows, we anticipate expanding operations, which in turn will result in
On Thursday, June 16, 2011, Huisman’s CEO Joop Roodenburg gave the official start signal for the construction of Huisman China’s new quayside. With the new quayside in place, the Huisman China facility will be easily accessible for seagoing vessels, allowing for fast installation, commissioning and testing of the Huisman designed and built offshore construction equipment onboard. Besides the installation of Huisman products, the new quay and 2
MISC Bhd expects freight rates for crude oil to remain soft over the next two years as competitors put more new tankers to sea. MISC earns 90% of its profits from shipping oil and liquefied natural gas (LNG). A subsidiary of Petroliam Nasional Bhd (Petronas), the world's largest carrier of LNG. LNG is shipped under long-term contracts, but MISC still faces significant exposure to oil freight rates, with crude oil tankers accounting for 40% of its profits.
Strategic Marine Mexico recently launched the second 170.6 ft Crew Boat, the LLuavi, for Arrendadora Ocean Mexicana (Blue Marine). The two 170.6 ft Crew Boats, Aramara and Lluavi, has seen Blue Marine become the only Mexican ship owner to build offshore vessels in Mexico. “Not only is this project a huge achievement for Strategic Marine, but for the Mexican community at large, helping to create over 160 jobs in total
Secretary of the Interior Ken Salazar launched a “Smart from the Start” wind energy initiative for the Atlantic Outer Continental Shelf to facilitate siting, leasing and construction of new projects, spurring the rapid and responsible development of the renewable resource. “The Cape Wind lease is an historic milestone in America’s renewable energy future, but to fully harness the economic and energy benefits of our nation’s vast Atlantic wind potential we need
Wärtsilä has signed an extensive three-year services supply agreement with the Norwegian DOF Group in the end of April 2014. The agreement covers services for all Wärtsilä equipment, including engines and propulsion as well as electrical and automation systems, for DOF's vessels with Wärtsilä equipment operating in Norway, Brazil and Singapore. DOF Group is a global company that provides a comprehensive range of purpose-built offshore vessels and subsea
Rolls-Royce won contracts for six platform supply vessels (PSV) worth around £45 million, including the first offshore orders from Chile. CBO (Companhia Brasileira de Offshore) has ordered four UT-Design type UT 715 L offshore supply vessel design and equipment packages. The 3,000 tonne deadweight PSVs are to be built by Allianca shipyard near Rio de Janeiro for delivery in 2009 and 2010. The vessels will go straight into long-term charters with the Brazilian state oil company, Petrobras
Rhode Island picked Deepwater Wind to develop an offshore wind farm expected to cost more than $1b and provide about 15 percent of the state's electricity. The wind farm was expected to generate about 1.3 million megawatt-hours a year. Rhode Island selected Deepwater after reviewing seven bids on its April request for proposals to build an offshore wind farm. Deepwater was established to develop utility-scale offshore wind projects in the northeast United States.
By Susan Buchanan, from the November 2010 edition of MarineNews Marine companies along the Gulf of Mexico have seen little new business since the offshore drilling moratorium was lifted in early October as oil producers apply for permits and decide how to navigate costly safety regulations. At Bollinger Shipyards, Inc., one of the top U.S. boat builders, Chief Executive Officer Boysie Bollinger, said “we're waiting for BOEM to start issuing offshore drilling permits
Baoham Offshore (HK) Ltd. has selected ABS to provide classification services for newbuilds in China. ABS, a provider of marine and offshore classification services, has been selected by Baoham Offshore (HK) Ltd. to class a drilling semisubmersible and a liftboat. "This award is a reflection of the solid reputation ABS has built as a classification society over more than 30 years in China," said ABS Executive Vice President of Energy Project Development Ken
Creditors of South Korea's Daewoo Shipbuilding and Marine Engineering Co. will pour 4.2 trillion won about (US$3.68 billion) into the ailing shipyard to help it get back on track, the main creditor bank said, according to South Korea's (Yonhap) News Agency.
The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade. A report by South Korea's Yonhap News Agency said the fund will help shippers buy and sell vessels with less
Sweden's Vattenfall expects to be able to build offshore wind power projects, one of the most expensive sources of renewable energy, without subsidies by the middle of the next decade, a senior company official said on Thursday. The state-owned utility plans to boost its wind power portfolio in
Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.
Lamprell announced the construction of the jackup drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC) safely and within budget. This comes following an announcement last week where NDC exercised one of its existing
Agreement enables high-speed catamaran ferry company Rhode Island Fast Ferry to commission first US-built crew transfer vessel, to be built by Blount Boats, and launch Atlantic Wind Transfers, its commercial wind support services division.
To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities. The Netherlands-based company will deploy the new vessel on long-term charter for a major E&P
Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V. Scheduled for delivery in the fourth quarter of 2018
Low oil prices and muted sentiment in the industry continued to take a toll on Sembcorp Marine's second-quarter earnings. The rigbuilder has announced that net profit for the three months ended June 30 sank 17 per cent to to $79.58 million (SGD 109 million), compared to $96
Up to 2,500 shipbuilding jobs in Adelaide will be safe for "all time", the Prime Minister says, ahead of the expected announcement to build a new fleet of Navy ships worth $39 billion, reports ABC. However, he said naval shipbuilding jobs in Adelaide would drop from about
South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives, as it reels from massive losses, reports Yonhap.
The dredging and maritime management company Jan de Nul Group signed the acquisition of the offshore facility vessel Vidar, which previously worked for the German company Hochtief. The facility vessel Vidar, which is less than two years old
The ouster of Australian Prime Minister Tony Abbott has further weakened a Japanese bid for one of the world's most lucrative defence contracts, a A$50 billion ($36 billion) programme to build stealth submarines for Australia, sources say.
ASRY holds keel-laying ceremony as it starts landing craft construction. ASRY marked the commencement of erection of a new Landing Craft being constructed for the Bahrain Coast Guard (BCG) with a keel-laying ceremony. The event was attended by the yard’s Chairman Shaikh Daij Bin
DONG Energy announced today it has decided to construct the 660MW Walney Extension Offshore Wind Farm, located in the Irish Sea, approximately 19 kilometersm off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities