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Contract Signed News

16 Jan 2024

Bahamas Defense Force Orders Four New Vessels from SAFE Boats

(Image: SAFE Boats International)

SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels, trailers and support vehicles.Signing the contract for the Bahamian government was the Honorable Wayne Munroe…

15 Nov 2023

PIRIOU Delivers Second OPV to Senegalese Armed Forces

PIRIOU President Vincent Faujour and El Hadji Omar Youm in front of a model of the Walo © PIRIOU

French shipyard PIRIOU has delivered a second offshore patrol vessel to the Senegalese Navy.The vessel is part of the OPV 58 S class vessel program. The contract, signed in November 2019, covered the acquisition of three offshore patrol vessels. After the Walo, delivered last June, and while the Cayor is being fitted out in Concarneau, the Niani is now flying the Senegalese flag ahead of schedule.Minister of the Armed Forces Omar Youm stated that “the acquisition of three offshore patrol vessels is an excellent demonstration of the significant investments made by the State of Senegal…

21 Aug 2023

LPG: Dual-Fuel Engines Prove Their Worth

2022 was the first year all 15 VLGCs of BW LPG’s dual-fuel LPG retrofitted ships were sailing. Image courtesy of BW LPG

BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…

18 Aug 2023

Poland's Orlen, Gaz-System Sign Gas Deal for Planned Floating Terminal

An LNG Tanker next to an FSRU unit - Image for illustration only  / Credit: KKF/AdobeStock

Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has turned to seaborne LNG as well as gas piped from Norway via Denmark and the Baltic Sea to replace supply from Russia.The planned terminal is to be built on the Baltic Sea near Gdansk by the end of 2027 with an initial regasification capacity…

15 Jun 2023

Singapore's Penguin Shipyard Selects Kongsberg Kamewa Waterjets for Fast Ferries Bound for the Middle East

©Kongsberg Maritime

Norway's Kongsberg Maritime has secured a contract to supply its Kamewa waterjets for two fast ferries to be built by Singapore's Penguin Shipyard for a Middle East client. Each of the new 56-meter Ropax ferries will be equipped with four Kongsberg Kamewa 71 S-4 waterjets and control systems.Designed by Incat Crowther UK, the ferries will have a capacity of 250 passengers and 25 cars. The 71 S-4s are from the Kongsberg Kamewa Steel series of waterjets, with a maximum power of…

15 May 2023

Svitzer Orders Tugboats from Uzmar Shipyard

Image courtesy Svitzer/Uzmar/Robert Allan Ltd.

Contract signed with Uzmar to deliver TRAnsverse tugs following design collaboration between Robert Allan and SvitzerSvitzer, a part of A.P. Moller-Maersk, awarded a contract to Uzmar Shipyard to build two new TRAnsverse tugs for its Australian business.The TRAnsverse tugs are a tug design created in collaboration with Robert Allan Ltd, desgiend to deliver an estimated 10-15% reduction in fuel use and built to a specification that enables biofuel operations.When delivered, the…

18 Apr 2023

Green Yard Kleven Lands Another Retrofit Project with Brazilian Offshore Vessel Owner

©Green Yard Kleven

Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica.This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners.The vessel, named Oceanicasub X, is a 78-meter anchor handling vessel which will be rebuilt for operations off the coast of Brazil. The vessel has already arrived at Green Yard Kleven.The contract comes after the recent delivery of Oceanicasub VIII and Oceanicasub IX from the same shipowner, Brazilian Oceanica.

13 Apr 2023

ADNOC L&S Adds Five New Very Large Gas Carriers to Fleet

©ADNOC

United Arab Emirates' ADNOC Logistics & Services (ADNOC L&S) has expanded its fleet with the deployment of five new-build Very Large Gas Carriers (VLGC), state news agency WAM reported on Thursday.The carriers of the shipping and maritime logistics arm of state oil giant Abu Dhabi National Oil Company each have a capacity of 86,000 cubic metres. The carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group (Wanhua), WAM added.

12 Dec 2022

Kongsberg to Supply Winches for 16 Tugs

(Image: Med Marine)

Kongsberg Maritime said it has signed a contract with Turkish tugboat builder Med Marine to deliver heavy duty, Escort Series towing winches for nine escort tugs equipped with azimuth stern drives (ASD).The order follows on from a contract signed earlier this year to supply winches for seven tugs.The new agreement brings the total number of Kongsberg’s winch supply contracts for Med Marine to 16 shipsets.

25 Aug 2022

Damen Delivers Cutter Suction Dredge from Stock in 44 Days

(Photo: Damen)

Dutch shipbuilding group Damen reports it has delivered a new cutter suction dredge (CSD) to HAC Cranes for an end user in Kuwait.The stationary CSD650 dredger, named GD4000, was mobilized from stock and outfitted, inspected and delivered from the yard to its final destination, all in just 44 days from contract signature. After some modification work and the installation of some extra onboard options in Kuwait, the dredger will be put into operation by Gulf Dredging.The CSD650 had been built on speculation at Damen Albwardy’s shipyard in Sharjah…

04 Jan 2022

Shipbuilding Contract Signed

Jianglong Shipbuilding Co. Ltd. signed a shipbuilding contract worth $27.8 milliion with H Ferry Co. Ltd. No additional details on the contract were readily available.Jianglong was established in 2003, and had two construction bases covering an area of about 210,000 sq. m. in Zhongshan City and Zhuhai City, Guangdong Province, with about 800 professional marine technicians. Jianglong's product range includes patrol boats, passenger ferries, sightseeing boat and multi-function vessels made of aluminum, steel, FRP or composite material. (Reuters reporting by Hong Kong newsroom)

02 Nov 2021

GE to Provide Propulsion Systems for the new French Navy Logistic Support Ships

(Image: Chantiers de l’Atlantique)

The first MV7000 drives for the LSS FLOTLOG program has successfully passed their Factory Acceptance Tests at GE Power Conversion Nancy Factory, reaching a first milestone for the new fleet of logistic support ships (LSS) of the French Navy.It follows the contract signed in 2020 between GE Power Conversion and Chantiers de l’Atlantique to provide systems for the four LSS to be built by the Shipyard for the French Navy, under the contract management of the Organisation for Joint Armament Co-operation (OCCAR)…

05 Jul 2021

FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

Illustration - Image by Igor Kardasov/AdobeStock

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders, citing a nearly full capacity with several suppliers unable to take on new projects.Further, Rystad sees another 10 FPSO orders in 2022, which will, according to the Norwegian energy intelligence group, create "a very healthy project line-up for contractors…

10 Jun 2021

Transocean, Jurong Shipyard Agree Delivery, Payment Delays for 8th Gen Drillship Duo

Illustration only: Image by nikkytok/AdobeStock

Offshore drilling company Transocean has reached a deal with Singapore-based Jurong Shipyard - a Sembcorp Marine subsidiary - to delay the delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan, originally ordered in 2014. As part of the agreement, Jurong Shipyard has agreed to accept deferred payment for both rigs, Transocean said.The Deepwater Atlas and Deepwater Titan are the world’s first eighth-generation ultra-deepwater drillships and only rigs to feature a 3…

26 Feb 2021

Fincantieri to Build Two Submarines for Italian Navy for $1.64B

Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.The project is part of the new U212NFS (Near Future Submarine) acquisition program of the Italian Navy…

30 Dec 2020

S. Korea's Daewoo Nets $2.6 Bln Iraqi Port Deal

© luzitanija / Adobe Stock

Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities port in the south of the country.Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers.Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, tol

14 Dec 2020

Modec Nets Sangomar FPSO Operations and Maintenance Deal

Rendering of the Sangomar Field Development FPSO (Image courtesy of SOFEC)

Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal.The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development  - Senegal's first offshore development.The operations and maintenance contract will cover all in-country installation and commissioning activities following which an initial 10-year operations and maintenance term will begin. Extension options…

29 Oct 2020

Volvo Penta to Supply Gensets for Five New Electric Ferries

(Image: Multi Maritime)

Turkish boat builder Sefine Shipyard has won a contract to supply Norwegian operator Boreal with five electric ferries – each supported by two Volvo Penta D13 MG IMO III generator sets (gensets). The ferries will operate to-and-from the islands in the inner Oslo fjord and run scheduled services throughout the day. The Multi Maritime-designed vessels will each have a length of 35 meters, a beam of eight meters, and two passenger decks capable of accommodating up to 350 people.The ferries will be built under DNV-GL classification regulations.

06 Oct 2020

Svitzer Orders Tug from Med Marine

(Image: Med Marine)

Turkish shipbuilder Med Marine said it has won repeat business from Maersk's towage arm, securing an order to deliver a new 23-meter tug for Svitzer’s German fleet.The contract signed last week for a MED-A2360 series tug follows a deal inked in September 2019 for two 30-meter icebreaking tugs for the Danish operator's Scandinavian operations. The newly ordered vessel (hull name ER80) will have 60-ton bollard pull and is set for November 2020.The MED-A2360 series tug is based on Robert Allan’s RAmparts 2300-MM designed exclusively for Med Marine by the Canadian vessel designer.

10 Aug 2020

PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite

Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters.The United States has blacklisted vessel owners, shipping operators and threatened to sanction any tanker facilitating the country’s oil exports as it tightens restrictions on trade with the South American country.Washington has been trying to weaken socialist President Nicolas Maduro by choking the OPEC member’s oil exports, depriving the government of petrodollars — its main source of revenue.Most shipping firms are avoiding Venezuela because of the sanctions…

14 Jul 2020

Turkey's Karpowership in 5-year Power Deal with Sierra Leone

Illustration only - Credit: Karpowership

Karpowership, one of the world's largest operators of floating power plants, has agreed a 5-year deal to provide electricity to Sierra Leone's state power utility, the Turkish company said on Tuesday.Karpowership - part of the Karadeniz Energy Group - already supplies around 80% of the West African nation's electricity via two powerships anchored off the capital Freetown under a contract signed in 2018.The vessels are dual-fuel powered using either heavy fuel oil or liquefied natural gas (LNG).The new agreement will add 5 megawatts (MW) to current production.

15 Apr 2020

ONGC to Extend Armada Sterling FPSO Contract

File Photo: Armada Sterling - Credit: Keppel Corp.

Indian oil and gas company ONGC plans to extend the contract for the Armada Sterling FPSO, owned by a joint venture between Bumi Armada and Shapoorji Pallonji Oil and Gas Private Limited.Bumi Armada said Wednesday that its JV company had recently received notification from ONGC, about the oil company's plan to extend the contract of the Armada Sterling FPSO from April 20, 2020. "According to ONGC, approval for the formalisation of the contract extension has been delayed due to the COVID-19 lockdown in India…

05 Mar 2020

Brazil Orders Four Naval Frigates

(File photo: Thyssenkrupp)

A consortium formed by Germany’s Thyssenkrupp AG and Brazilian planemaker Embraer SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.The companies did not disclose the price tag. The Brazilian navy website said the four-ship program will cost about $2 billion.Last year…

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