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Contracts Worth News

03 Oct 2023

Dyna-Mac to Construct FPSO Topsides for Unnamed Client

Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers.The main contract involves the construction of topside modules for an FPSO. Dyna-Mac will start the construction of the topside Modules in the first quarter of 2024 and will utilize the new yard space recently secured. The project is expected to be completed in the third quarter of 2025…

11 Aug 2023

Solstad Offshore Wins $100M Vessel Contracts with PRIO and Equinor in Brazil

Credit: Solstad Offshore

Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients.The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's E&P activities in Brazilian waters. Also, Solstad and Equinor Brazil have agreed to convert the platform supply vessel Normand Carioca to a Well Stimulation Vessel (WSV) and extend the present contract until December 2027.

01 Jun 2023

Great Lakes Dredge & Dock Secures Dredging Contracts Worth $186.6M

(File photo: Great Lakes Dredge & Dock Corporation)

Great Lakes Dredge & Dock Corporation, a U.S.-based dredging services giant said Thursday it had secured two major dredging contracts in Texas, worth $186.6 million in total.The contracts are for Freeport Harbor Channel Improvement Project, Dredging Reaches 1, 2, and 4 ($157.4 million) and Galveston Entrance Channel and Houston Ship Channel Dredging Project ($29.2 million)The Freeport Harbor Channel Improvement Project entails deepening the channel to authorized depths of 51 to 56 feet, which will make Port of Freeport the deepest port in Texas.

01 Aug 2022

Keppel O&M Wins $54.5 Million in Floating Production Contracts

(Photo: Keppel Offshore & Marine)

Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU). The first contract is by Keppel AmFELS with Salamanca FPS Infra, LLC for the refurbishment of a floating production unit to be operated by LLOG Exploration Offshore, LLC, a private exploration and production company in the U.S.Keppel AmFELS’ scope of work on the production facility includes demolition…

21 Jul 2022

Keppel O&M Wins FPSO Integration Work Worth $180.4M

Credit: Keppel O&M

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine, which is set to merge with Sembcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore, and SBM Offshore.The first contract is between Keppel Shipyard and BW Offshore to carry out the integration work on a newbuild FPSO.

03 Mar 2022

North Star Reels In More Than $133.7M in ERRV Contracts

North Star CEO, Matthew Gordon / Credit: North Star

UK-based offshore vessel owner North Star has said it has recently secured new Emergency Response and Rescue Vessel (ERRV) contracts totaling more than £100 million (around $133.7 million).Under the contracts, North Star said it would support new and existing clients in the UK Continental Shelf with its fast-response emergency fleet, purpose built to protect personnel working on offshore oil and gas platforms.

11 Feb 2022

Renewables Assignments for Solstad's CSV Trio

Norwegian offshore support vessel owner Solstad Offshore ASA has found work for three construction support vessels, apparently all in the renewables space.Normand Australis has secured a 150-day contract for “Walk to Work” services on an offshore wind project in Asia, starting in March 2022.Normand Cutter has won a 110-day charter for a cable project in Northern Europe with the start-up this month.Also, Normand Fortress has won a 180-day firm contract for “Walk to Work” services on an offshore wind project in Northern Europe. The contract will start in April 2023.

09 Feb 2022

Keppel Offshore & Marine Reels in $186M in New Contracts

©Keppel Offshore & Marine

Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD).For the first contract, Keppel Shipyard has received the Final Notice to Proceed (FNTP) from GAS-fifteen Ltd, a  GasLog Carriers subsidiary, for the conversion of a Liquefied Natural Gas (LNG) Carrier into an FSRU.

13 Jan 2022

Partners Group to Buy UK-based Offshore Vessel Firm North Star

Credit: North Star Renewables

Partners Group, a global private markets firm, has agreed, on behalf of its clients, to buy North Star, a UK-based operator of emergency response and rescue vessels, which has recently also dived into the offshore wind sector with several orders made for essential offshore wind maintenance services vessels, from Basalt Infrastructure Partners for an undisclosed price.Aberdeen-based North Star has a fleet of 48 Emergency Response and Rescue Vessels (ERRVs) and Service Operation Vessels (SOVs) and around 1,400 employees.

29 Dec 2021

Prysmian to Build US Subsea Cable Plant

© Kruwt / Adobe Stock

Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant, to be built in Brayton Point, Mass., is part of two contracts worth a total of almost $900 million that the world's largest cable maker has won in the Unites States on two offshore wind farm projects.Battista said the company would officially…

20 Dec 2021

Prysmian Wins $900M U.S. Offshore Wind Contracts

Italian subsea power cable maker Prysmian said Friday it had secured contracts worth $900 million in the U.S. offshore wind market.Both projects have been awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP)-Worth around $300 million, the first cabling project will connect the 804 MW Park City offshore wind farm to the electricity grid in the state of Connecticut. Prysmian will deploy HVAC 275 kV three-core cables with XLPE insulation and single wire armoring. Cables will be produced in  Arco Felice, Italy, and Pikkala, Finland, and will be installed by the Leonardo da Vinci and Ulisse vessels.

01 Nov 2021

Stanford Marine Orders Two Crew Boats from Grandweld

Credit: Grandweld Shipyard

Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine.Jamal Abki, General Manager of Grandweld Shipyards said “In 2021, we have secured multiple shipbuilding contracts worth $30 million. Although 2020 was difficult for the industry as a whole, we saw a surge in business. This has continued in 2021 and we now have a solid order book until the end of 2022.

23 Jul 2021

Red Rock Cranes for Dogger Bank-bound SOVs

Credit: Red Rock

Norway-based crane maker Red Rock has won a contract with shipbuilder Vard to deliver equipment for three service offshore vessels (SOVs) Vard is building in Vietnam for the UK-based shipowner North Star Renewables. The vessels will be operating on the first two phases of what will be the world's largest offshore wind farm - the Dogger Bank wind farm in the UK North Sea.Red Rock will deliver 2 x 2T 3D Motion Compensated cranes, 1 x 5T 3D Motion Compensated crane, 3 x 2T Boat landing cranes, and 3 x 1T Shipboard crane.

31 Mar 2021

Pakistan's Port Qasim Orders Four Tugs and Two Pilot Boats

(Photo: Sanmar)

Turkey's Sanmar Shipyards said it has won contracts worth $33.46 million to supply four new tugs and two new pilot boats for the Port Qasim Authority (PQA) in Pakistan. The tugs are scheduled to be delivered in 12 months and the pilot boats in 10.The contracts were awarded following an international tendering process during which Sanmar championed its new Kocacay range of escort and harbor tugs, based on the exclusive-to-Sanmar RAstar 3200SX design from Canada-based naval architects Robert Allan Ltd.

17 Mar 2021

VIDEO: North Star to Deliver SOV Trio for Dogger Bank Wind Farm in $375M Deal

Credit: North Star

Aberdeen-based offshore vessel owner North Star Renewables has won contracts worth around £270 million (~$375 million), to deliver three service operation vessels (SOVs) to be used on what will be the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.North Star said its contract award followed a highly-competitive tender process, in which it had beat off strong international competition to secure the deal to design and deliver the three-vessel…

05 Nov 2020

Detyens Lines Up More MSC Ship Repair Work

The Military Sealift Command fleet replenishment oiler USNS Leroy Grumman (T-AO 195). (File photo: Lacordrick Wilson / U.S. Navy)

Within a week's time, Detyens Shipyards has secured two Military Sealift Command (MSC) ship repair contracts worth more than $29 million combined. The privately-owned Charleston, S.C. repair yard beat out two other competing shipyards to secure a $18,144,376, 76-calendar day, firm-fixed-price contract for the regular overhaul dry-docking availability of the fleet replenishment oiler USNS Leroy Grumman (T-AO 195), the U.S. Department of Defense announced on Tuesday.The award follows Detyens' $10…

16 Oct 2020

Major Supply Contracts Awarded for Finland's New Warships

(Image: Rauma Marine Constructions)

Finnish shipbuilder Rauma Marine Constructions (RMC) revealed it has entered into three major supply contracts worth over €100 million ($117.4 million) in total for the main equipment of Pohjanmaa Class multi-purpose corvettes commissioned by the Finnish Defense Forces.The most crucial contracts for the supply of critical main equipment with long delivery times were signed during spring and summer in highly unusual circumstances, the shipbuilder said, adding that the coronavirus pandemic has posed significant challenges to numerous businesses…

12 Oct 2020

Golar Unit Names New Boss as Former CEO Steps Down Amid Bribery Probe in Brazil

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil.Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash corruption probe that in six years has led to the jailing of two former Brazilian presidents and hundreds of executives and politicians, with Brazilian and Dutch police executing dozens of search warrants.Operation Car Wash: Seadrill Served with Search and Seizure…

12 Oct 2020

Boskalis Nets Three Dredging Deals in Germany

Credit: Boskalis

Dutch dredging giant Boskalis has secured three dredging contracts worth 45 million euros (around USD 53,1 million) in total for coastal protection and port maintenance activities in Germany.The first contract was awarded by the German Waterways and Shipping Office WSA Weser-Jade-Nordsee. It is for the upgrade of the existing coastal defense on the island of Wangerooge for flood protection to the island’s residents.Boskalis said the project would be executed with a local German partner and involves the reinforcement of the groins and revetment for which 200,000 tons of rock will be used.

06 Oct 2020

Electric Boat Awarded $251 Mln US Navy Contracts

File photo: A U.S. Navy submarine is rolled out of an indoor shipyard facility at General Dynamics Electric Boat in Groton, Conn. (U.S. Navy photo courtesy of General Dynamics)

The U.S. Navy has awarded Groton, Conn. submarine builder General Dynamics Electric Boat two contracts worth $251 million combined.The first is a $215.7 million modification to a previously awarded contract, the cumulative value of which, if all options are exercised, could be more than $1 billion. Electric Boat will provide planning yard, design agent, engineering services and technical support for in-service submarines and submersible systems.The second is a $35.3 million cost…

30 Sep 2020

Golar Unit CEO Takes Leave of Absence Amid Corruption Probe

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and infrastructure operator formed with U.S. private equity firm Stonepeak Infrastructure Partners.Antonello's functions will be taken over temporarily by Hygo's board, Golar said.Last Thursday, Brazilian federal prosecutors accused Antonello of bribery in court filings outlining a new phase of the massive Car Wash graft probe…

07 Sep 2020

Six Firms Working on Concept for U.S. Navy's Large Unmanned Surface Vessel

Image Credit: Fincantieri Marinette Marine

The U.S. Department of Defense and the U.S. Navy have awarded six contracts worth around $42 million for studies of a large unmanned surface vessel.The companies awarded the contracts, valued around $7 million each, are Fincantieri Marinette Marine, Huntington Ingalls, Lockheed Martin, Gibbs & Cox, Austal, and Bollinger Shipyards.Each contract includes an option for engineering support, that if exercised, would bring the cumulative value for all awards to $59,476,146, the DoD said."...each contract and is expected to be complete by August 2021…

07 Jul 2020

Great Lakes Wins Dredging Contracts Worth More than $50 Mln

(Image: Great Lakes Dredge & Dock Corporation)

The United States' largest dredging services provider Great Lakes Dredge & Dock Corporation on Monday reported the receipt of several dredging awards totaling $51.1 million.The awarded work includes:CPRA Cameron Meadows Marsh Creation Project (Coastal Protection, Louisiana, $28.6 million)Oak Island Beach Project (Coastal Protection, North Carolina, $15.4 million)New York and New Jersey Harbor, Port Jersey Channel Maintenance Dredging Federal Navigation Project (Maintenance, New Jersey…

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