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Contract Status

Rowan Provides Contract Status of Offshore Rigs

Rowan Companies, Inc. announced that the current contract status of its offshore drilling fleet. In the Gulf of Mexico: Gorillas II, III, IV and VI are each operating under well-to-well contracts. Eastern Canada - Gorilla V completed a one-well contract on September 18 and is now in Halifax Harbor. Though the outlook for 2003 is favorable, the near-term outlook for additional work offshore eastern Canada is uncertain. North Sea - Gorilla VII completed a contract as an accommodation unit on September 12 and is currently under contract for a short-term construction program in the Norwegian Sector. With several bids in process, the near-term outlook for additional work in the North Sea, while uncertain, is, for the moment, more promising than eastern Canada. Other Rigs: The company's remaining 18 rigs in the Gulf of Mexico are under well-to-well contracts.


Transocean Provides Update On Fleet Contract Status

Transocean Inc. announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of May 1, 2007. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com.


Corps of Engineers Hopper Dredge Report

The U.S. Army Corps of Engineers released the report that it submitted to Congress on its Hopper Dredge Fleet. The Corps owns and operates four hopper dredges. The report recommends that one dredge be retired and another one be kept in ready reserve status. A combined fleet of government and contracted dredges are used to keep U.S ports and waterways open for navigation. Source: HK Law


Transocean Provides New Fleet Update Summary

Transocean Inc. issued a new monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our fleet status report dated August 5, 2008. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled "Transocean Fleet Status Report," which is available through the company's Worldwide Web address at www


Rig Fleet Status, Contract Update, from Transocean

Transocean's current status & contract information for the company's entire fleet of offshore drilling rigs. The value of new contracts or extensions since the December 17, 2012 fleet update summary is approximately $235 million. Estimated 2012 out of service time decreased by a net 15 days.  Estimated 2013 out of service time increased by a net 205 days, including 253 days to reactivate the Sedco 712 in anticipation of potential contracts. Highlights are as follows:


OSV Approved Vessel Archive Launched

Specialist marine risk assessment company MatthewsDaniel has launched an enhanced Approved Vessel Archive (AVA) service for offshore support vessels and their operators. The AVA provides vessel owners with an accessible certificate that can be presented to prospective customers, serving as evidence that their vessel is held to a standard acceptable by a leading marine warranty survey company.  Kevin Jarman, CEO, MatthewsDaniel, said, “For operators


IACS Website Tracks Thickness Measurement Companies

A new initiative, for closer monitoring of steel thickness measurement companies, has been taken by the International Association of Classification Societies (IACS). Under a new Procedural Requirement (PR 23), which took effect on 1 August, all IACS members are obliged to report any change in the status of approval of TM companies. A full list of thickness measurement (TM) companies approved by IACS members is now available on the IACS Website (www.iacs.org.uk)


Coast Guard Establishes Mariner Website

The Coast Guard launched a website to provide merchant mariners with real-time information on the status of pending mariner credential applications. Merchant mariners can check the status of application packages throughout the verification and approval process by logging onto http://homeport.uscg.mil/, clicking on the Merchant Mariners tab and then clicking on Merchant Mariner Application Status. When application information is entered


Diver Down!!! An Exception to the General Test for Seaman Status?

By James P. Nader & Joseph A. Poblick Once again we take that familiar voyage know as "determining seaman status." No matter how familiar the voyage there are always changes in the currents which guide your path. Seaman status is important because only a seaman may receive maintenance and cure, and pursue a claim for Jones Act negligence or unseaworthiness. The basic requirements for seaman status are well established in maritime law


Todd Shipyards Contract for USCGC Polar Star

Todd Shipyards Corp. announced that the U.S. Coast Guard has awarded to its subsidiary, Todd Pacific Shipyards Corp., a $16,008,228 modification to previously awarded contract HSCG85-09-C-6BX667 in support of USCGC Polar Star's (WAGB-10) reactivation since being in "Caretaker Status" nearly four years. According to a release, repairs and alterations performed during the planned dry-docking availability of the icebreaker are in the third phase of the cutter's overhaul


Major Shippers Select CargoSmart's VGM Solution

Image:  CargoSmart Limited

 CargoSmart Limited has announced that its customers are preparing to submit the verified gross mass (VGM) of their cargo through CargoSmart's platform to comply with the new Safety of Life at Sea (SOLAS) Convention requirements that go into effect on July 1, 2016.   


Ithaca Energy's FPF - 1 Nears Completion

Stella North Drill Centre Manifold Installation Operations Photo Ithaca Energy

Providing an update on the status of the on-going Greater Stella Area (“GSA”) development programme Ithaca Energy informed that the floating production facility (FPF-1) modifications programme undertaken by Petrofac in the Remontowa shipyard in Poland is in the final stages of


ECB Reviews Shipping Loans

Image: European Central Bank

European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported.   ECB is conducting an in-depth review of banks’ exposure in shipping amid rising provisions for bad debt in an industry still mired in crisis.  


Lenders Deny BHP Port Debt on Coal Worries

Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify


Long Beach Port Maintains Strong Bond Rating

The Port of Long Beach in April 2016 Photo Long Beach Port.jpg

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.S. ports — was warranted due to the Port’s strong market position


HMM to Join New Shipping Alliance

File Photo: Hyundai Merchant Marine Co

 Korea Times says that Hyundai Merchant Marine (HMM) will join a new global shipping alliance, as the cash-strapped shipper has successfully reached a debt-rescheduling deal with its bondholders.   HMM announced that it has reached a resolution with holders of all five bond issues that


CMA CGM Rolls Out SOLAS Electronic Submission Platform

Image: CMA CGM

 "In order to ensure complete visibility and a seamless transition when adapting to the new SOLAS regulation, we have created a dedicated page on our website to guide you through the new Verified Gross Mass (VGM) regulation," says a statement from CMA CGM.   


Bonnie Again Becomes Tropical Storm

Courtesy U.S. National Hurricane Center

Bonnie returned to tropical storm status after weakening earlier this week, the U.S. National Hurricane Center said on Friday. The first tropical storm to reach the United States this year, Bonnie was 285 miles (460 kilometer) off Cape Hatteras, North Carolina


CMA CGM Takes Control at NOL, Reshuffles the Board

Pic: CMA CGM

 France’s CMA CGM now holds over 78 percent of the shares in Neptune Orient Lines (NOL), bringing it closer to taking the Singapore company private.   CMA CGM currently owns approximately 78.07% of all NOL shares, and does not intend to preserve the listing status of NOL.


Piraeus Port Shareholders Approve COSCO Deal

Photo: Piraeus Port Authority

Piraeus Port shareholders approved a new concession agreement with Chinese shipping giant COSCO on Friday, bringing Greece a step closer to concluding the sale of a majority stake in the port. Greece agreed in April to sell a 67 percent stake in the port to COSCO for 368.5 million euros


Greek Workers Protest Port Selloff

Dozens of demonstrators blocked the entrance to Greece's privatisation agency offices in central Athens on Friday and planned more protests during the day against the sale of the country's two biggest ports. Privatisations have been a key plank of Greece's succession of bailouts since 2010 but


Gard Alert: Yemen – New Port Clearance Procedures

Map: Gard

 After 5 May 2016, companies responsible for shipping commercial goods or services to Saleef, Mokha and Hodeidah ports in Yemen must obtain port clearance via the UN Verification and Inspection Mechanism (UNVIM).   Yemen’s Ministry of Transport has announced that, after 5 May 2015


Inmarsat to Deliver Fleet Xpress with SpeedCast

Logo

SpeedCast International, a provider of high-speed broadband connectivity to the global maritime industry, has entered into a strategic partnership with Inmarsat, positioning Inmarsat’s new Fleet Xpress service, powered by the Global Xpress (GX) network


CMA CGM, PSA Singapore to form JV

PSA Singapore Terminal  Photo PSA

CMA CGM S.A. (CMA CGM) and PSA Singapore Terminals Pte. Ltd. (PSA) will form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore.  


CMA CGM Confirms Partnership with PSA

Photo: CMA CGM

 CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths in Singapore.   CPLT will commence operations from the second half of this year






 
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