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Contract Signed

Rosneft Inks Supply Pact with PDVSA

Russian top crude producer Rosneft and Venezuelan state oil company PDVSA have signed a new contract for supplies of oil and oil products of Venezuelan production, the Russian company said on Monday. The document envisages the supplies of over 1.6 million tonnes of oil and 9 million tonnes of oil products to Rosneft within five years, it added in a statement. Under their first long-term contract, signed in May, the Venezuelan party has already supplied 375,000 tonnes of oil products, Rosneft said. Reporting by Polina Devitt

Russian Shipbuilders Sign Large Contracts

According to a Dec. 7 report from Itar-Tass, two new shipyards in Russia’s Primorsky Territory – Zvezda (Star)-DSME and Vostok (East)-Raffles that were laid down just a year ago, have already been engaged with orders. The contracts signed to date include the construction of 47 heavy-tonnage shipbuilding facilities. These are tankers, LNG carriers, floating plants to produce liquefied natural gas, as well as offshore drilling platforms.

VTC Gets $6.4m Contract

The upgrade of DGPS stations includes adding capability to use Modernized GPS signals and the additional functionality required for tracking the future Galileo and GLONASS signals without further complex upgrade. The upgrade program will also ensure that the GLA service is compliant with the latest International Maritime Organization (IMO) Resolutions and recommendations from the International Association of Lighthouse Authorities (IALA)

Khulna Shipyard to Build Two Oil Tankers

According to a report from The Financial Express Bangladesh, United Shipping Line and Global International Limited have ordered two oil tankers from Khulna Shipyard in a contract signed on June 19. The two 230-ft by 38-ft oil tankers will be completed by June 2012.   Source: The Financial Express Bangladesh  

Bahri Financed for Two General Cargo Ships

The National Shipping Company of Saudi Arabia (Bahri) will sign a financing agreement with Public Investment Fund (PIF) for 2 newbuildings Bahri is to sign a 'Murabaha Agreement' with Public Investment Fund (PIF). The cash will be used to finance part of the total construction cost of building two General Cargo vessels at Hyundai Mipo Dockyard in South Korea. The value of the financing contract is equivalent to Saudi Riyals 450,000,000 (Four Hundred and Fifty million)

China Shipyards Win US$100-Million OSV Contracts

OSVs in port: File photo

COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled for delivery in the first half of 2016. 2. Two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co

Contract Signed for SemiSub Platform

Statoil and Aker Kværner has signed the contract worth approximately NOK 8 billion for the semisubmersible platform to be located at the Gjøa field offshore Norway. This is in accordance with the memorandum of understanding presented in Aker Kvaerner's disclosure to the Oslo Stock Exhange at 29 September 2006. The scope of work to be performed by Aker Kvaerner will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull

Maersk Supply Ships Q3 2013 Profits Soar

A Maersk OSV: Image courtesy of Maersk

Maersk Supply, a subsidiary of the A. P. Moller-Maersk group, came out of the third quarter of 2013 with a profit of US$76-million, against a profit of US$ 48-million in the same quarter in 2012. Revenue rose from US$ 226-million in the period of 2012 to US$ 240 million. The profit for the third quarter of 2013 improved compared to the same period last year primarily due to higher utilization and lower operating costs.

G E Shipping Reworks Newbuildings Kamsarmax Exposure

Jag Laxmi Photo Greatship

The Great Eastern Shipping Company has entered into an agreement to cancel the new building Kamsarmax which was scheduled for delivery in FY 18 (contract signed in FY 14).   Simultaneously, the Company has contracted for purchase of two newbuilding resale Kamsarmaxes being built at the same shipyard, due to be delivered in Q2 FY 17. The transactions collectively are value accretive. The company also reported of having contracted to sell its 1999 built Aframax ship Jag Laxmi (about 105

COSCOL Wins Kazakhstani Heavy Lift Shipping Contract

(Image: COSCOL)

COSCO Shipping Co. Ltd. (COSCOL) said it has been awarded a transportation and logistics contract signed by representatives of all parties on September 27, 2016 in Astana, Kazakhstan. Part of the work under the contract will be subcontracted to COSCOL’s Korean Partners, namely Dongbang Transport Logistics Co., Ltd., Hanjin Transportation Co., Ltd., CJ Korea Express and Chung Yang Shipping Co., Ltd.   COSCO will be responsible for transporting modules weighing up to 1

Reederei NSB Opts for Marlink VSAT

NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG (REEDEREI NSB) has chosen Marlink to supply fully managed VSAT services including connectivity and an extensive business critical solutions roll-out for its entire fleet of 50+ vessels. The contract, signed early in July

World’s Largest LNG Bunker Supply Vessel Chartered

(Image: Bomin Linde LNG)

Liquefied natural gas (LNG) supplier Bomin Linde LNG said it has secured a capacity of 7,500 m3 LNG bunker supply vessel, the largest of its kind to date, via a time-charter contract signed with ship owner Bernhard Schulte on September 30, 2016.  

Wärtsilä to Power Mediterranean's First LNG Ferry

Baleàrias new RoRo passenger ferry (Image: Wärtsilä)

Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària

Korea's Top 3 Shipbuilders' Shaky Performance

File Photo: Samsung Heavy Industries

 The value of contracts signed by Korea's big-three shipbuilders— Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries — fell far behind the amount they projected for this year, reports The Korea Herald.  

Advanced MacGregor Technology for Polar Research Ship

The new polar research vessel will be equipped with MacGregor offshore cranes and Triplex systems specifically designed for handling research equipment in extreme temperature environments. Photo MacGregor

MacGregor, part of Cargotec, has won an order to supply MacGregor offshore cranes and a Triplex handling system for a 14,300gt polar research vessel being built for the Polar Research Institute of China. Designed by Aker Arctic Finland, it will be the first vessel of its type to be built in China;

MacGregor to Equip China’s New Polar Research Ship

The new polar research vessel will be equipped with MacGregor offshore cranes and Triplex systems specifically designed for handling research equipment in extreme temperature environments (Image: MacGregor)

The Polar Research Institute of China has ordered a new 14,300gt polar research vessel. Designed by Aker Arctic Finland, it will be the first vessel of its type to be built in China, though a shipyard has yet to be named.   The 122.5-meter multifunctional icebreaker will be able to handle

Pipelay, Construction Work Completed for Chevron in Nigeria

(Photo: Sea Trucks Group)

A pipelay and construction campaign for the Sonam Field Development Project for Chevron Nigeria Ltd. has been successfully completed, announced Sea Trucks Group.   The contract for the project was awarded to West African Ventures Ltd, Sea Trucks’ principle Nigerian business in June

Vard Bags Electrical Work for UK Polar Research Ship

Artists impression of the new polar vessel. Copyright Cammell Laird  BAS. Image NERC

Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290 million polar research vessel under construction for the Natural Environment Research Council (NERC).

Polar Cruise Ships: Rolls-Royce Signs $33M Deal

Hurtigruten (Photo: Rolls-Royce)

Rolls-Royce has signed a contract worth about $33m with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels, with an option for two additional vessels.   The contract between Kleven and Rolls-Royce follows the conversion of a letter of

Wärtsilä Environmental Efficiency for Hybrid UK Ferry

Photo courtesy of Wrightlink

A new ferry being built at the Cemre shipyard in Turkey for UK operator Wightlink will feature a comprehensive range of modern Wärtsilä equipment and systems to ensure a high level of environmental efficiency.   In addition to conventional fuel

India Govt Subsidy for Ship Building Industry

Nitin Gadkari. Photo: Official FB Page

 Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020.   The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion) order placed in 2013 for a fixed oil production platform has been cancelled.

New 'Mega Passenger Ship' for Star Cruises

Concept design of the new Global Class mega cruise ship to be built by MV Werften for Star Cruises (Image: Elomatic)

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany.  

FSL Trust: Yet Another Steady Quarter

Fleet Deployment by Revenue - Courtesy FSL Trust

FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable and positive performance for the second quarter ended 30 June 2016 (“2QFY16”).

Fincantieri Signs Future Frigate Participant Service Contract

Fincantieri Shipbuilding

Fincantieri signed a contract with the Australian Government to participate in the Competitive Evaluation Process, conducted by the Department of Defence, to deliver 9 Future Frigates - to be built in Adelaide, South Australia - for the Royal Australian Navy (RAN) under the SEA 5000 programme.

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